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While many might fixate on the size of the impact on the United States, what is important to me in this chart is the conspicuous absence of China, NorthKorea, and Japan. While Asian markets are struggling with the shifts in demand in Europe and North America, they have relative stability in their home markets.
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. Consider other manufacturing locations. Some manufacturers will have operations in several different countries.
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.”.
Many OEM’s use labor organizations to source laborers because it is cheaper and more efficient; however, by doing so they run the risk of employing forced laborers in the process. That transparency could be passed onto consumers, who are increasingly intent on avoiding human rights violations in their purchases.
In particular, with the majority of global production coming out of Taiwan (TSMC) and Korea (Samsung), the geopolitical risks of China and NorthKorea in these regions is no small worry. From the 2017 Economic Census Jason pulled data on industry concentration in semiconductor manufacturing. We will need to be patient.
Chinese New Year shutdowns Every year factories in China (and other countries that celebrate the Lunar New Year, such as Indonesia, Malaysia, NorthKorea, Singapore, South Korea, Vietnam, and Brunei) shut down so that their workers can celebrate Chinese New Year. In 2024, this will be from February 9-15.
Accomplished procurement veteran and author Tom Linton provides valuable insights into the supply chain risk management landscape in 2024 in this exclusive Q&A. In this Q&A, Tom shares insightful stories from his over 20 years in procurement and tells us what should be top of mind for supply chain managers in 2024.
Source: Evan, Flikr. “I SophiaTX Open Source Platform to Integrate SAP, Blockchain. NorthKorea : The more missiles NorthKorea launches and tests, the greater the risk for military conflict — or worse. UPS Joins Top Alliance To Create Blockchain Standards For Logistics.
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? Will he impose tariffs on imports from U.S. Will he declare China a currency manipulator ?
The automotive industry is undergoing a massive technological transformation toward vehicle electrification and the shift presents huge opportunities for manufacturers that do business in the US, especially since the passage of the Inflation Reduction Act in August 2022. What’s in the Inflation Reduction Act’s New Clean Vehicle Credit?
She has covered Russian hacks of nuclear plants, airports, and elections; NorthKorea’s cyberattacks against movie studios, banks and hospitals; Iranian attacks on oil companies, banks and the Trump campaign; and hundreds of Chinese cyberattacks and their ongoing success in stealing intellectual property from multinationals.
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