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In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, NorthKorea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. Get prepared for the year of the rat with the best kind of red envelope, keeping your business in stock of inventory!
The kids are back at school, we have air conditioning again, and NorthKorea tested a nuclear bomb yesterday. “If JDA Powers the Always-on Supply Chain with Latest JDA Manufacturing Planning Release. With adVANce, Mercedes-Benz Vans is evolving from a mere van manufacturer into a supplier of holistic system solutions.”.
An interview I had today with a senior executive at a major global contract manufacturer helped to shape some ideas on this question of preparation for risks such as Hurricane Harvey, which is making a big mess in Houston. In one case, a supplier to the contract manufacturer was supplying a critical part.
Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. Manufacturers will stop production for at least two weeks to allow their workers to go home to their families in other parts of the country and then travel back again. In 2024, this will be from February 9-15.
Tom: We always have to keep an eye on NorthKorea. I lived in Seoul, Korea, for almost four years. Even back in 2008, NorthKorea was shooting missiles into the Sea of Japan, and that has not really changed. Then, everything else becomes inventory. Right now, it’s halfway between pull and push.
NorthKorea : The more missiles NorthKorea launches and tests, the greater the risk for military conflict — or worse. In short, relations between the United States and NorthKorea have significantly degraded this past year and it doesn’t look like things are going to improve anytime soon.
companies that move manufacturing operations overseas? If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? Assuming these anticipated rate hikes occur, what impact will they have on inventory levels?
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