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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?

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What would happen if China invaded Taiwan?

Resilinc

One day in August 2022, a group of military and defense strategy experts gathered in Washington, DC, to play a game that simulated a Chinese amphibious invasion of Taiwan in 2026. and its allies would win while losing “dozens of ships, hundreds of aircraft, and tens of thousands of servicemembers.”

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Apple’s UnfoldingChina Plus Sourcing for iPhone Production

Supply Chain Matters

Such actions were to include mitigation of risks related to China based sourcing, which is now commonly referred to as a China Plus sourcing strategy. That was followed by a public acknowledgement from CEO Tim Cook that the company’s 60 percent sourcing of various production within the country was too much.

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

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Consultancy UK). Supply Chain Dive).

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10 Ins and Outs for Supply Chain Risk Management in 2024

Resilinc

Diversify your supplier base Single sourcing presents a huge risk for companies in all industries, especially as geopolitical disruptions are on the rise. 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.

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Innovative Approaches to Supply Chain Risk

Kinaxis

A major earthquake in Taiwan. This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. The alternate source uses the same supplier in Taiwan. Then you get the e-mail. Think again.

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How COVID – 19 Might Shape the Future of China Sourcing and Manufacture

Logistics Bureau

COVID-19 and the Future of China Sourcing and Manufacture. Brands such as Apple, HP, and Siemens rely heavily on Taiwan’s ODMs. Taiwan stands out as an example of a country that managed to contain the Coronavirus without resorting to an economy-wrecking lockdown. percent year-over-year in February, Taiwan posted a 21.12