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Here I am going to use some of their work to tell a story of what I think supplychain leaders need to do in this COVID-19 world. COVID-19 introduces uncertainity and variability into the supplychain. Instead, the supplychain leader is left to ride wave after wave of disruption. Regional Differences.
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 Moving on to the supplychain and logistics news that caught my attention this week… Mercedes-Benz and Matternet unveil vans that launch delivery drones (TechCrunch). Everything is back to normal.
The process of identifying and penalizing human traffickers in a supplychain is exhaustive and at this point a comprehensive solution seems nearly impossible. It’s easy for these suppliers to turn a blind eye to any illegal activity, so information about employment doesn’t always make it to the top of the supplychain.
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.
Accomplished procurement veteran and author Tom Linton provides valuable insights into the supplychain risk management landscape in 2024 in this exclusive Q&A. As we move into the new year, there are many questions on our minds about the future of the supplychain. Tom: For me, it’s geopolitical.
Source: Evan, Flikr. “I I will be wrong again,” I stated last year before making my supplychain and logistics predictions for 2017 , and I was right. It echoed the title of my September 2016 post, “ The Day a Cyber Attack Brings the World’s SupplyChains to a Halt.”. Hospitals, Spanish Companies.”
This is not only true for financial investments, but also for supplychain and logistics predictions. Like I said last year, making supplychain and logistics predictions is like throwing darts at a moving target: sometimes you get lucky and hit the mark; other times you miss the bullseye by a mile.
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?
When Russia invaded Ukraine, I knew there would be impacts on global supplychains. But supplychain impacts like the rising cost of gas, or the inability of a train to cross Siberia to bring goods from China to Europe, or the increased congestion this would cause at China ports, was not the supplychain impact I feared most.
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