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2021 Supply Chain Challenges: The Top 5 Lessons Learned + Tips from 11 Industry Experts

ToolsGroup

Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. These businesses often collect tires of high quality as spare inventory and do not have the infrastructure in place to sell them. Lesson #1: Global supply chain challenges have businesses turning to local suppliers.

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Mexico Back in the Supply Chain Spotlight

Talking Logistics

A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. We’ve seen, for example, instability in ocean freight, cost, and issues with [Los Angeles] ports in past years. Luckily for Mexico, the U.S.

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Retailers receiving inventories any which way they can

Cathy Roberson

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.

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Real-Time Visibility: The Key to Navigating Port Congestion

BlueYonder

ports have expanded their working hours, almost 200,000 shipping containers , with cargo worth more than USD 25 billion, remain on ships off the coast of Los Angeles as retailers scramble to ensure store shelves are stocked in time for the holiday season. While some critical U.S. To learn more watch LCT in action.

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Is Hyperloop the Next Great Supply Chain Technology?

Kinaxis

The proposed first route between Los Angeles and San Francisco would cut travel times from 4 hours to 35 minutes. They might allow companies to carry less inventory – perhaps using Hyperloop to rapidly source whatever parts or raw materials that can’t be 3D printed. 1126km / h).

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

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5 Ways to Optimize Your Supply Chain for 2019 Trade Tensions

Stord

At the Port of Los Angeles, for example, a sudden rush of shipments overloaded the local warehouse market. The Port of Los Angeles and trade disruption in 2018: Last year, new tariffs caused direct and indirect problems for shippers. One obvious challenge was the added cost of importing many goods or products.