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The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supplychains. auto parts are sourced from Mexico, making the tariff impact immediate and severe. Approximately 40% of U.S. More than 50% of U.S.
A major earthquake in Taiwan. You have a supplychain risk management strategy in place. 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. Then you get the e-mail.
Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Designed to lift the profession and celebrate supplychain results, I struggle to find that the methodology supports either objective. The reason?
magnitude earthquake in Taiwan, as well as current port closures and supplychain challenges. magnitude earthquake struck Taiwan. The quake was the biggest earthquake to hit Taiwan in 25 years. These countries, along with Taiwan, are situated in the “Ring of Fire,” a global hot spot for earthquakes and tsunamis.
Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supplychain. In the intricate web of modern supplychain management, efficiency often guides decision-making. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing.
Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for SupplyChains. Feature Article by Dr. Raymon Krishnan – President at the Logistics and SupplyChain Management Society. This practice is illegal. Relocating production from China. Business model strategies.
As a guest writer for Forbes, public relations firms constantly pepper me with requests to speak to technologists boasting of having answers to improve supplychain resilience. I strongly believe that historical supplychain practices are not the answer. They need to evolve to help today’s supplychain business leader.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. According to the releas e , overall disruptions to global supplychains increased 38 percent on a year-over-year basis.
I struggle to understand why innovation in supplychain networks stalled. Innovation for supplychain leaders in building value networks stalled. There is no network capable of connecting sourcing, logistics, manufacturing, and distribution together in the market today. appeared first on SupplyChain Shaman.
These complex chips, made with valuable minerals, are key to so many supplychains that any disruption can have devastating ripple effects, including on personal livelihoods and national security. Major geopolitical tensions as well as environmental and forced-labor issues are putting strains on global production and supply of chips.
In business conversations, the term supplychain excellence rolls off the tongue frequently in meetings, but what does it mean? Supplychain excellence is harder to define than to say. We designed the SupplyChains to Admire Methodology to help companies define supplychain excellence.
Learn the best practices for supplychain risk management in 2024 from Resilinc, the gold standard for supplychain resiliency. As risk managers audit their vendors and programs at the start of the year, it’s also time to clean up old strategies and supplychain practices.
As I spent the time reflecting over the last three weeks, the number of articles streaming into my feed on supplychain implications was high, but most of them were wrong. Some stated that the war marks the end of the global supplychain. By definition, this requires a global supplychain.
“Plan all you want,” writes Cyrus Hadavi , CEO of Adexa, “but disruptions are the supplychain’s real problem.”[1] Because global supplychains are constantly facing crises. In the first part of this article, I want to discuss some of the risks facing supplychains.
Global based contract manufacturing services provider Foxconn announced this week the availability of an Advanced AI based large language model aimed at improving manufacturing and supplychain management services. Further noted is that FoxBrain is believed to be Taiwans first large language model with advanced reasoning.
The CHIPS Act was created in response to pandemic-induced shortages of semiconductors and other critical manufacturing supplies, causing widespread disruption to supplychains across the country. . 2022) Source. 131M towards the creation of a National SupplyChain database. According to 2020 data, the U.S.
The recent weaponization of pagers and radios in Lebanon serves as a powerful wake-up call to CEOs and governments worldwide; businesses must improve supplychain visibility now. What does this mean for the future of supplychain risk management? Who Manufactured the Pagers and Radios?
In this special SupplyChain Matters supply network risk advisory, we highlight the initial implications of today’s major earthquake that has impacted the island of Taiwan. magnitude earthquake that has impacted Taiwan. Today, such a scenario has again occurred, given the ongoing reports of a 7.4
Truly resilient supplychains can only be built with complete visibility. The COVID-19 pandemic may have been the catalyst for the ongoing supplychain crisis, triggering economic slowdowns, layoffs, and production stoppages, but it is certainly not the whole cause. Recent SupplyChain Disruptions.
Subscribe to SupplyChain Game Changer. The Single Point of Failure in SupplyChain – Baby Formula! I am a proponent of dual sourcing. The vulnerabilities with sole sourcing are very real. The False Confidence in Historic SupplyChain Design. Subscribe Here! Email Address.
This week, the company announced a reversal in manufacturing and supplychain strategy, as well as a major turnabout. The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. Sourcing was both a cost as well as landed cost decision factor.
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. How can the US prepare for a China-Taiwan war? What will happen to semiconductors if China invades Taiwan? A similar lag will apply to the U.S.,”
Subscribe to SupplyChain Game Changer. The Disintermediation of the SupplyChain! For many years the predominant priority in sourcing has been finding the lowest cost possible. What is the appropriate sourcing strategy going forward? Geographic Sourcing History. Subscribe Here! Email Address.
SupplyChain Matters provides readers with December 2024, Q4-2024 , and year-end global supplychain assessments as reported by various global wide PMI reporting. Both are key indicators to future supplychain momentum or growth. and thus 2024 provided a 0.8 thereby signaling a robust rate of growt h.
Supplychain professionals are certainly acquainted with risks and risk-taking; however, their principal concern is managing risks. ” However, not everyone appreciates the risks an organization’s supplychain faces. SupplyChain Risks Internal Risks • Production Control Risks.
Learn how Resilinc is using predictive AI and generative AI to innovate supplychain risk management. In part one of our AI in supplychain blog series, “ How is AI Revolutionizing SupplyChain Risk Management?”, Predictive AI has been used in numerous unique applications outside the supplychain.
We are pleased to continue our 2021 fire-side chat series with key people in the supplychain industry, and it is with particular pleasure to catch up with Stuart Whiting, Senior Vice President, Global SupplyChain, Logistics & Planning at Schneider Electric, based in Singapore but with a global functional responsibility.
The newest additions to the list will impact industries sourcing critical minerals, cotton, and polysilicon used in solar modules from the Xinjiang Uyghur Autonomous Region (XUAR) of China. Engage Alternative Sources : Identify and secure new suppliers outside of high-risk regions or entities. billion USD.
Developing supplychain risk mitigation strategy can be a time consuming task. Knowing supplychain risks affect a firm’s capability to make supply meet demand, what should a firm do to mitigate these risks? To tackle risks timely, we invite experts to explain what strategy really works. can help, but it is costly.
Alex Behrens reports, “ DHL Resilience360 recently released Stormy Weather Ahead: A Global Outlook on the 2019 Season to compile information about the impacts that even small storms can have and discuss the short- and long-term implications of these systems on existing supplychains. And it offers ways to mitigate that risk.
The next big disaster of 2013 could be the Category 5 Typhoon Usagi that is set to hit Taiwan, Hong Kong and China Mainland this Sunday. Don’t be surprised if there are supplychain disruptions. It is now equivalent to a category 5 hurricane. I didn’t know this!).
The Ferrari Consulting and Research Group via its affiliated SupplyChain Matters blog shares a mid-year assessment of previously published 2022 predictions for industry supplychains published at the beginning of 2022. Economic Outlook Significantly Changed. percent of GDP to 6.2
SupplyChain Matters highlights for readers added indications that China Plus materials supply or production strategies are garnering increased attention from businesses large and small. billion in population will be the linchpin of an alternative sourced Asian supply network. One example indicated was that U.S.
Subscribe to SupplyChain Game Changer. 10 Vital SupplyChain Lessons from the Coronavirus Pandemic! Companies rely on supplychain management to reduce costs and increase their production cycle. These developments, combined with the US-China trade war, found the supplychains experiencing unique hurdles.
The SupplyChain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. The bottom three were listed as Poland , Taiwan and Myanmar. . SupplyChain Matters Insights and Perspectives on the July Data.
Supplychains across every industry had their ups, downs, and disruptions in 2022. From the Russia-Ukraine war to factory fires to chip shortages , and the continued prevalence of COVID-19 , the year certainly kept organizations and supplychain teams on their toes!
Super Typhoon Soudelor is set to hit Taiwan and China tomorrow, with a huge potential for supplychain disruption. Update 8/6/15, 22:38 PST: Typhoon Soudelor Forces Suspension of Ferry Services in Southeast Taiwan. Learn what you should expect, and how to best prepare your company’s supplychain.
Since the 1980’s supplychains have become increasingly global and cost has been a dominant factor in this shift. In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China.
Since the 1980’s supplychains have become increasingly global and cost has been a dominant factor in this shift. In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China.
SupplyChain Matters highlights unfolding developments pointing to actions toward positioning India as a secondary global hub of Apple iPhone production. 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.
Subscribe to SupplyChain Game Changer. The Single Point of Failure in SupplyChain – Semiconductor Fabrication! Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. That’s the concept, anyways! Where do these TCO Models break down?
As we go into the first week of 2023, many are wondering what’s ahead for global commerce and supplychains. These predictions are perhaps not completely original – but they represent what I think will be important guidelines for supplychain executives to consider. More importantly, the supplychain isn’t there yet!
The disruption has cut off a major trade route for Canada’s exports of minerals, wood fiber, food products, and other products to Asia, and it has created a supplychain nightmare for Canadian manufacturers. “We The vulnerability of these three regions highlights the complexity of factoring climate change into sourcing decisions.
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