Remove Inventory Remove Procurement Remove United States
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No Balloons Needed: Practical Moves to Navigate Tariff Volatility

Logistics Viewpoints

Diversify customer base outside of United States to avoid tariffs on broader sales base. Establish inventory reserves in key markets to avoid supply chain disruptions. Leverage Foreign Trade Zones (FTZs) and Pre-Buying Strategies Manufacturers can mitigate tariff impacts by strategically managing inventory.

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A New Decade: Give Science A Chance

Supply Chain Shaman

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. What can we learn?

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Is Inventory Waste or an Asset?

Supply Chain Shaman

It is Labor Day weekend in the United States, and the plane is full. We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. My Insights.

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Why It Matters

Supply Chain Shaman

billion company, located in the southern portion of the United States. OI has been more focused on transactional efficiency, procurement and IT standardization. A company that is effectively working a supply chain strategy will have a nice, neat pattern at the intersection of operating margin and inventory turns.

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Supply Chain Planning Solutions are Not Just for the Big Boys

Logistics Viewpoints

Myers Industries (NYSE: MYE) is headquartered in Akron, Ohio in the United States. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company.

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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. The United States’ and Europe’s production of global semiconductors decreased from approximately 80% in 1990 to 20% in 2020. McKinsey ).

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Is Nearshoring the Solution to Rising Transportation Costs?

Logistics Bureau

The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. Indirectly, the rest of the world benefits too.