Logistics Viewpoints

SEPTEMBER 7, 2022

Mr. Nelson points out that it is possible for a sourcing problem deep in a supply chain to halt production for BD. If there is only one supplier in the world providing a critical component, “do I need to dual source? Do I need more inventory? You could ask, what if there was an earthquake in South Korea?

Supply Chain Visibility 228

Supply Chain Visibility Supply Chain Software Optimal Sourcing Procurement Solutions 228

ivalua

MARCH 31, 2020

In the meantime, Hyundai’s supply-chain radar was able to quickly identify two South Korean wire harness makers who were looking for opportunities to increase production at their own factories in South Korea and elsewhere in Asia, to compensate for disruptions to the Chinese supply chain.

Supply Chain Design Software 130

Supply Chain Design Software Agile and Lean Supply Chain Manufacturing Procurement Supply Chain Software 130

ToolsGroup

APRIL 1, 2022

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.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Matters

SEPTEMBER 3, 2022

South Korea has now become a concern as well as that regions manufacturing activity is now at a contraction level not seen since 2020. . . Similarly, raw material inventories are accumulating due to the sudden and unexpected drop in production volumes.”. . South Korea. Select Regional Highlights. United States.

Manufacturing Procurement 59

Manufacturing Procurement South Korea Manufacturing Global 59

Supply Chain Matters

OCTOBER 4, 2022

The orders-to-inventory ratio fell to another multi-year low last month as excess capacity continued to build at factories. Of particular concern, the New Orders sub-index declined more than 4 points, reaching a contraction value in September while the Inventories sub-index was 2.6 South Korea. percentage points higher.

Manufacturing Procurement 52

Manufacturing Procurement Global Manufacturing Trends 52

Supply Chain Matters

MARCH 5, 2024

However, the published index indicated expansion level was rather mild, and was missing PMI data from South Korea which experienced a slight PMI contraction. We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks.

Manufacturing Procurement 59

Manufacturing Procurement Global United Kingdom Purchasing Skills 59

ShipBob

DECEMBER 18, 2019

In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, 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!

How To 136

How To Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 136

Supply Chain Matters

FEBRUARY 5, 2024

Financial Performance South Korea based key supplier of high tech and smartphone semiconductor and memory devices, Samsung Electronics, reported disappointing Q4 and 2023 full year financial performance results. However, the ongoing trend of customers reducing inventory may mean that earnings will not significantly recover.

Electronics 52

Electronics Optimal Sourcing Modeling South Korea 52

Resilinc

AUGUST 30, 2023

The main countries affected by the drought are China, Japan, South Korea, and the US, as the Panama Canal facilitates 46% of container movement from northeastern Asia to the US. The impact of the bottleneck goes beyond the canal itself, causing delays in container shipping and inventory replenishment along various shipping routes.

Panama 62

Panama Modeling Supply Chain Planning Software Supply Chain Optimization 62

Supply Chain Matters

AUGUST 3, 2023

Further indicated were signs of weakness occurring in China , Japan , Malaysia, South Korea , Taiwan and Vietnam. Morgan indicated in part: “ Near-term forward looking indicators also headed lower, most notably the finished goods orders-to-inventory ratio which fell further below 1,0 from an already contractionary reading.”

Manufacturing Procurement 52

Manufacturing Procurement Global Taiwan Optimal Sourcing 52

Resilinc

JULY 26, 2022

Samsung follower SamMobile.com reports that Samsung is boosting its use of domestic Korean sources for expandable components in semiconductor manufacturing. in revenue growth over Q2 2021, TSMC acknowledged that a portion of its extraordinary growth arose from customers stockpiling large inventories.

Manufacturing Procurement 62

Manufacturing Procurement Gartner Inventory Reduction Price Reduction 62

Logistics Bureau

MARCH 9, 2020

South Korea, $28.7 Source Australian Bureau of Statistics. Refined petroleum: Australia sources most of its refined petroleum products from Singapore, which, with 138+ confirmed cases, is also in the COVID-19 firing line. Unprecedented challenges in forecasting and inventory sizing throughout 2020 and perhaps even beyond.

Australia 76

Australia South Korea United Kingdom Japan 76

CH Robinson Transportfolio

MARCH 14, 2020

Given this continued volatility, global importers are eager to restock their inventory. Similar to China, airlines have canceled majority of passenger flights in and out of Europe and South Korea due to safety concerns and lack of travel demand. Assessment of inventory levels. Backup sourcing options.

Supply Chain Planning 44

Supply Chain Planning Scenario Planning South Korea Manufacturing Procurement 44

Elementum

AUGUST 10, 2015

Update 8/09/2015, 18:03 PST: Tropical Storm Soudelor to Hit South Korea on August 11. Tropical Rainstorm Soudelor, which continues to inundate eastern China, is moving northwestward to hit South Korea on Tuesday, August 11, threatening to bring heavy rains and isolated flash flooding.

South Korea 60

South Korea Taiwan Supply Chain China 60

20Cube Logistics

JANUARY 27, 2022

However, despite becoming the latest epicenter for sourcing and manufacturing activities, economic growth in certain countries is expected to slow down this year due to various reasons. One more trend that has been highlighted to take place in Asian supply chain is that of a cooling inventory drive. International Travel Policies.

Manufacturing Procurement 83

Manufacturing Procurement Asia Currency Policies 83

Logistics Bureau

MARCH 19, 2020

The US auto industry is expected to follow suit as stockpiled inventory becomes depleted. Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It is also airlifting parts from China to its Vietnam operations.

Pharmaceutical 52

Pharmaceutical Supply Chain Strategy Manufacturing Procurement Supply Chain 52

BlueYonder

FEBRUARY 25, 2021

Toyota Motor has recently shut down production lines due to semiconductor chip shortages in China, GM has closed plants in North America and cut production activities in South Korea, and Volkswagen is anticipating issues in 2021 in its factories located in China, Europe, and the United States. Related Posts. link] [link] [link].

Inventory Reduction 57

Inventory Reduction Sourcing Strategies Supply Chain Strategy Modeling 57

EMERGE App

DECEMBER 18, 2018

Business costs will rise for those who are sourcing some or most of their raw materials or goods from China. Less affected are Singapore, South Korea, and Thailand. But it’s already happening as wholesalers, distributors, and importers source alternatives from other countries and place tentative orders.

Distribution 74

Distribution Trends Manufacturing Procurement Supply Chain Design Software 74

Supply Chain Matters

MARCH 3, 2022

This index complies a data set of 2 chosen variables for each of the economies of the Eurozone , China , Japan, South Korea , Taiwan, the United Kingdom and the United States. Of particular concern was the Inventory level index, which rose 9.1 A spillover index of Inventory Costs reached a reported all-time peak of 90.3. .

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Supply Chain Optimization Global 52

Supply Chain Management and Analytics

MARCH 29, 2020

This pandemic clearly showed that the global digital infrastructure and global apps have been instrumental in instant communication, business continuity as well as reducing COVID-19 spread in such countries as South Korea and Singapore. Our e-commerce client had full visibility of its current and inbound inventory.

Modeling 40

Modeling Optimal Sourcing Prescriptive Analytics Software Supply Chain Planning Software 40

Supply Chain Management and Analytics

MARCH 29, 2020

This pandemic clearly showed that the global digital infrastructure and global apps have been instrumental in instant communication, business continuity as well as reducing COVID-19 spread in such countries as South Korea and Singapore. Our e-commerce client had full visibility of its current and inbound inventory.

Modeling 40

Modeling Optimal Sourcing Prescriptive Analytics Software Supply Chain Planning Software 40

Logistics Bureau

MARCH 3, 2020

Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. In South Korea , Hyundai announced the suspension of its production lines due to supply chain disruptions in China.

Manufacturing Procurement 59

Manufacturing Procurement Global Supply Chain Software Supply Chain 59

6 River Systems

JULY 29, 2020

Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. CJ Logistics CJ Logistics is a Korean logistics company based in Seoul, South Korea. The company was formed in 1930 during the Japanese colonial period in Korea with a single warehouse as Chosun Rice Warehousing Co.,

Warehousing 111

Warehousing 3PL Company Third Party Logistics 111

Supply Chain Movement

JUNE 30, 2015

China is not only an attractive market in terms of sourcing and manufacturing but also for the sale of goods due to the rapid growth of its middle class. That leads to extra inventory and extra costs and hence necessitates a substantial level of turnover in order to be financially feasible. Regional DC. Bugaboo opted for that solution.

China 60

China Distribution Inventory Reduction DC 60

Supply Chain Matters

AUGUST 2, 2022

Samsung Electronics reported an over 21 percent rise in quarterly revenues for the South Korea based company, but the numbers reportedly ended a streak of three consecutive quarters of record revenue growth. Two noted bellwethers of consumer electronics and high-tech supply networks are Samsung Electronics and Apple.

Cost Reduction Strategies 52

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Planning Price Reduction 52

Supply Chain Game Changer

FEBRUARY 27, 2019

Inventory Turnover Breakthrough … Go Back To The Basics! For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Source raw materials from reclamation centers where possible. Subscribe Here! Connectivity.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57

6 River Systems

SEPTEMBER 17, 2019

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

Supply Chain Design Software 45

Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies Inventory Reduction 45

Logility

DECEMBER 20, 2022

Utilize scenario planning in cases such as when to onshore versus offshore to evaluate sourcing options in the wake of government intervention . Then we saw a glut of inventory hit the shelves in late summer when those bottlenecks were addressed. Germany, South Africa, and South Korea were abundant in 2022.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 130

Logistics Bureau

APRIL 23, 2020

For example, in South Korea, 70 percent of consumers say they plan to shop online. If none of these warehousing options are practical, one recourse is to search for an online fulfillment company that can receive, store, process, and dispatch your inventory for you. How to Adapt Your Business for Online Order Delivery—Quickly.

Modeling Software 52

Modeling Software South Korea How To Demand Planning Software 52

Supply Chain Matters

FEBRUARY 5, 2024

Quicker declines in finished goods inventories and a softer reduction in pre-production stocks were noted. Renewed Expansion in South Korea The S&P Global South Korea Manufacturing PMI® was headlined with a reported renewed expansion in the country’s manufacturing sector at the start of 2024. increased 1.3

Manufacturing Procurement 52

Manufacturing Procurement South Korea Manufacturing Global 52

Supply Chain Matters

OCTOBER 3, 2024

Source: S&P Global Intelligence and compiled by The Ferrari Consulting and Research Group 2024 Select Regional and Country Highlights Eurozone Manufacturing Contraction Continues The HCOB Eurozone Manufacturing PMI® report for September was headlined with euro area manufacturing activity falling at its steepest pace thus far in 2024.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Manufacturing Global 52

EMERGE App

DECEMBER 31, 2018

If you’re still not convinced about using inventory management software , then perhaps the benefits might sway you over. Source Sensibly and Sustainably. South-East Asian nations such as Malaysia, Vietnam, and the Philippines are ready with substitutes or alternative suppliers. Value Your Inventory.

Inventory Management Software 60

Inventory Management Software Purchasing Skills Forecasting Software Manufacturing Procurement 60

CH Robinson Transportfolio

AUGUST 14, 2019

As many shippers front-loaded inventory in the second half of 2018—especially the fourth quarter—to avoid potential tariff increases, the market saw drastic volume increases beyond what we’ve come to expect from years’ past. Higher inventories to avoid tariffs. However, this year CNY volumes were not as strong as previous years.

Forecasting 34

Forecasting Panama South Korea United States 34

EMERGE App

DECEMBER 14, 2018

In Japan and South Korea, it’s the LINE messaging app. And for Europe and South-East Asia, it’s definitely WhatsApp. Inventory management software such as EMERGE App allows you to use as many currencies as you need in your business. This means sourcing them from trade portals or overseas trade exhibitions.

Optimal Sourcing 45

Optimal Sourcing Currency Purchasing Skills Inventory Management Software 45

Logistics Viewpoints

JUNE 17, 2022

Truckers strike in Korea roils shipments from steel to autos. Overstock is ready to take advantage of inventory glut. The company, in its quest to achieve carbon neutrality by 2025 has also been investing in electric vehicles as well as other alternative fuel sourced vehicles.

Logistics Network Optimization Software 225

Logistics Network Optimization Software Logistics South Korea Purchasing Skills 225