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How manufacturers and distributors can mitigate disruption in the global supply chain

SYSPRO Smarter ERP

There’s no doubt that the pandemic, with its harsh lockdowns and impact on economies worldwide, has played a dramatic role in the supply chain disruptions being experienced by manufacturers. Many businesses in the US, and elsewhere, were sourcing their componentry from China. How can businesses create the supply chain of the future?

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This Week in Logistics News (July 20 – 26)

Logistics Viewpoints

based carrier’s role in Mexico as nearshoring manufacturing trends drive more cross-border trade. Global supply chains are shifting, Mexico’s role in global trade is growing, and Mexican small and medium enterprises and manufacturing sectors are looking for reliable access to the U.S.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

A container from Shanghai to Long Beach was 56 days in 2020 and increased to 80 days in 2021. Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. We started the conversation with sourcing. Manufacturing equipment lead times were 19 months.

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Seven Mistakes You Wish Your CFO Had Not Made You Make

Supply Chain Shaman

A container from Shanghai to Long Beach was 56 days in 2020 and increased to 80 days in 2021. Source E2open Shipping Index). The Chief Financial Officer gained more presence with procurement and IT reporting to finance. We started the conversation with sourcing. Manufacturing equipment lead times were 19 months.

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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers.

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

ToolsGroup

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune.

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One Type of Inflation is Caused by Supply Chain Issues (And That is a Good Thing)

Logistics Viewpoints

But SHIFEX, the freight forwarder rate index, recently recorded the lowest ocean freight rate between China and the port of Long Beach in 24 months —a rate of $3,500 to move a 40-foot container. This is an 80% drop year on year drop. When the Federal Reserve (the Fed) believes inflation is too high, they raise interest rates.