This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Failure to do so would result in extreme inaccuracies in inventory management and additional delays throughout shipping processes. Fortunately, supply chain execs can overcome and successfully mitigate this risk by implementing robust analytics technologies to provide better inventory management and overall supply chain management.
As first reported by Fairfax Media , a factory in NorthKorea has been making high-priced surf and snow gear for Australian surfwear company Rip Curl since at least 2014, with the garments labeled “Made in China.” We do not approve or authorise any production of Rip Curl products out of NorthKorea.”
In April of 2022, British American Tobacco, headquartered in the UK, agreed to pay $508 million in fines for selling their products to NorthKorea. Companies who have experienced these delays often add inventory across their network to buffer the risk. There can be big fines for noncompliance with trade regulations.
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 Here are some details from Oracle’s press materials: LogFire’s built-for-the-cloud solution provides an integrated warehouse, inventory and workforce management platform. Everything is back to normal.
In addition, the MRP planning system will continue to pull in the other 99 positions on the BOM for this part – and for these 99 parts the inventory would start to pile up in the warehouse and tie up cash flow, because the product could not be produced without the single critical part from the impacted supplier.
Other geopolitical risks, such as tensions between Russia and Ukraine, along with unpredictable regimes in Iran and NorthKorea, have the potential to disrupt global supply chains as well. Brexit fallout, characterized by additional red tape, dislocated labor markets, and anemic trade growth, continues to affect supply chains 4.
State Department responded to the media reports by blacklisting Thailand – essentially placing constraints on Thai trade similar to those placed on NorthKorea. Seafood companies want to reduce reputational risks associated with selling products that were procured through forced labor, while maintaining inventory.
Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. If you’d like to know more about how EazyStock can help you manage supplier disruptions or improve your inventory management capabilities overall, please get in touch. In 2024, this will be from February 9-15.
Chinese New Year (aka Lunar New Year) might seem like a long way off, but smart inventory managers will be starting to plan for this event very soon. If you’d like to know more about how Eazystock can help you manage supplier disruptions or improve your inventory management capabilities overall, please get in touch.
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.
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.
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? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. Alexa, How Much Inventory Remains at Store X?”
There are some talks going on between NorthKorea and China, and as China buys a lot of coal from NorthKorea, so this may take a while in terms of pressure, but the two at least are in talks following Trump’s visit with the Chinese leader. India and China are both growing at rates of 6-7% as well.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content