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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.
As I highlighted recently in “ Your Supply Chain Strategy is Your Business Plan (Unless It’s Not) ,” the people who really need stop viewing logistics as a cost center are not the people in the front lines of supply chain and logistics (they already know it), but the CEOs and CFOs at manufacturing and retail companies.
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.”.
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.
An interview I had today with a senior executive at a major global contract manufacturer helped to shape some ideas on this question of preparation for risks such as Hurricane Harvey, which is making a big mess in Houston. In one case, a supplier to the contract manufacturer was supplying a critical part.
California has its own Transparency in Supply Chains Act, which requires that “retail sellers and manufacturers doing business in the state… disclose their efforts to eradicate slavery and human trafficking from their direct Supply Chains”. As manufacturers, we can decide just how long the path will be.
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.
Tom: We always have to keep an eye on NorthKorea. I lived in Seoul, Korea, for almost four years. Even back in 2008, NorthKorea was shooting missiles into the Sea of Japan, and that has not really changed. In the world of supply chain, managers must constantly optimize. Then, everything else becomes inventory.
South Korea is in eastern Asia in the southern half of the Korean Peninsula. It is bordered by NorthKorea, the Sea of Japan and the Yellow Sea. Although it has been an independent kingdom for much of its history, the 20 th and 21 st centuries were tumultuous for South Korea. Manufacturing in South Korea.
of trying to contain and suppress China’s development, while America brought up its concerns about human rights and other issues, and urged cooperation on matters including climate change, Iran and NorthKorea.”[3] China trade war for companies with global manufacturing networks. Supply Chains and Geopolitics.
NorthKorea : The more missiles NorthKorea launches and tests, the greater the risk for military conflict — or worse. In short, relations between the United States and NorthKorea have significantly degraded this past year and it doesn’t look like things are going to improve anytime soon.
companies that move manufacturing operations overseas? Russia, Iran, NorthKorea, and ISIS : Call them “The Unpredictables” (you can probably add China to the mix too). Will he impose tariffs on imports from U.S. Will he declare China a currency manipulator ? Will he take a more protectionist stance toward trade?
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.
Trump emphasized the growth of manufacturing in the economy. One of the truths of manufacturing is that many operations are increasingly automated, and that robots are increasingly performing many of these jobs , particularly those related to repetitive manufacturing. So will there really be 200,000 manufacturing jobs?
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