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Inventory Control in Manufacturing: 7 Strategies to Maximize Service Levels and Profit Amid Disruption

ToolsGroup

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. But manufacturers are unique. What is Manufacturing Inventory Control? What is Manufacturing Inventory Control? 4 Common Inventory Pitfalls Manufacturers Must Avoid.

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Survey Points to Existing State of Logistics Visibility in North America

Supply Chain Matters

Supply Chain Matters highlights a published survey report that provides important observations on the existing state of domestic and international logistics visibility levels in North America. The survey, conducted in March 2022, involved upwards of 350 logistics executives across North America.

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Inflation Reduction Act & What It Means for EV Production

QAD

With the Inflation Reduction Act of 2022, the US Internal Revenue Service (IRS) is issuing significant tax rebates for consumers, corporations, and government entities who hop into something battery-powered—incentivizing more consumers to trade their ICE vehicle in for a BEV over the next decade. Meets Battery Mineral Sourcing Requirements.

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What Caused the Baby Formula Shortage + 7 Ways Consumers and Companies are Coping

ToolsGroup

To understand the state of this latest supply chain crisis–and when it will end–this guide to the 2022 baby formula shortage breaks down: The cause of the baby formula shortage. Data also shows that half of US states are experiencing out-of-stock rates between 40% and 50%: Image source: Flipboard. – Ben Reich, CEO, Datasembly.

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Trade Rules are Increasingly Environmental, Social and Governance Rules

Logistics Viewpoints

Procurement managers are now asked to address ESG issues in their sourcing and foreign manufacturing operations. Meanwhile, trade compliance managers are tasked with ensuring that the procurement department is following the rules. Typically, North America and other regions eventually create similar rules.

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9 Ways Manufacturers Can Develop More Sustainable Products

Arena Solutions

Uncanny, the film takes place in 2022. Getting your business future-ready Manufacturers and businesses are currently adopting new business models, implementing waste-reduction programs, designing greener products, and applying lean manufacturing principles (value, value stream, flow, pull, perfection).

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

ToolsGroup

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune.