article thumbnail

Innovative Approaches to Supply Chain Risk

Kinaxis

A major earthquake in Taiwan. A few hours later, your procurement head walks in the office. “We We have a problem.” The alternate source uses the same supplier in Taiwan. Inventory management Supply chain risk management IBM Japan Natural disaster Risk management Supply chain Taiwan Thailand' Then you get the e-mail.

article thumbnail

Keep These 6 Geopolitical Supply Chain Risks on Your Radar in 2024

Resilinc

In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. What would happen if China invaded Taiwan ? Tom notes, “The U.S. election will have a significant impact.”

Israel 128
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Total Cost of Ownership Procurement Model Failure – What’s Missing?

Supply Chain Game Changer

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. The concept of using Total Cost of Ownership models to inform Procurement sourcing decisions is to take all of these different factors in to account, beyond just price. Subscribe to Supply Chain Game Changer.

article thumbnail

Global Production Activity Levels Remain in Contraction at the End of 2024

Supply Chain Matters

At the end of 2024, global production and procurement activity levels are equivalent to the beginning of 2019, the year prior to the Covid-19 global pandemic. ( At the end of 2024, global production and procurement activity levels are equivalent to the beginning of 2019, the year prior to the Covid-19 global pandemic. (

article thumbnail

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

Southeast Asian countries, Taiwan and India have become alternative manufacturing locales or sources of supply. His experience covers the full Logistics spectrum, from raw material procurement to physical distribution and eventually Customer Service and care, with a strong grounding in Quality and Six Sigma.

article thumbnail

Pushing the Supply Chain Reset Button

Supply Chain Shaman

The proliferation of products and capabilities is exponential with over 60% of capacity in Taiwan. Today, we have an additional factor with inflation to add to the mix of issues, that changes the requirements for the “buy plan in procurement.” ” A chip is not a chip and a foundry is not a foundry.

article thumbnail

10 Ins and Outs for Supply Chain Risk Management in 2024

Resilinc

Picture this: a critical part of your product is only made in one factory in Taiwan. This is very possible, considering 60% of the world’s semiconductors are made in Taiwan. In this case, what would happen if China invaded Taiwan?