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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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Supply chain shockwaves from the Taiwan earthquake

Resilinc

magnitude earthquake in Taiwan, as well as current port closures and supply chain challenges. magnitude earthquake struck Taiwan. The quake was the biggest earthquake to hit Taiwan in 25 years. Following the earthquake, tsunami warnings were sent out in Taiwan, Japan, and The Philippines, but have since been lifted.

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Building Value Networks. Stopping the Backward Slide.

Supply Chain Shaman

Supplier reliability and the bi-directional flow of data at the speed of business improve agility and decreases the issues with having the wrong inventory or aligning transportation inbound logistics with manufacturing scheduling. Here are some rules of thumb: 1. It is a messy market.

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Today’s Major Earthquake Impacting Taiwan- Initial Implications

Supply Chain Matters

In this special Supply Chain 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 All rights reserved.

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

The Logistics & Supply Chain Management Society

Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources. Joint tariff payment is a better strategy for both partners when compared with looking for a totally new supplier or sourcing from a different country altogether.

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When Variability Is Our Only Constant

Supply Chain Shaman

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Yet, transportation optimization products focus on managing price, not constraints.

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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. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. How the War in Ukraine is Impacting the Supply Chain and Raw Material Prices. Consultancy UK).