article thumbnail

The Dangers of Single Sourcing in Your Supply Chain

Resilinc

Imagine 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—and 90% of the world’s highly advanced chips are made by the Taiwanese company TSMC. If something were to happen in Taiwan—like the recent 7.4

article thumbnail

Navigating Global Supply Chain Disruptions: Strategies for Resilience

SCMDOJO

As recent times have shown us, political matters across the world can have an impact on shipping routes, thus affecting the prices of goods all around the world. Japan and Taiwan have earthquakes often, and they both are some of the leading suppliers of microchips. Consumers dealt with skyrocketing prices and unprecedented shortages.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Innovative Approaches to Supply Chain Risk

Kinaxis

A major earthquake in Taiwan. We have a problem.” The alternate source uses the same supplier in Taiwan. Efficiency programs like lean drove us to reduce suppliers and cut inventory. Mitigating Risk – inventory tracking and dual sourcing are considered to be the most effective risk mitigation strategies.

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. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. Focus on right-sizing inventories. What can be done?

article thumbnail

Build Resilient Supply Chains That Weather Disruptions 

Logility

Manufacturers and shipping companies assumed that because of layoffs, demand would drop. This then led to … A shipping container shortage: Containers piled up across the world once they were emptied. Ports became overwhelmed: Orders outstripped available containers, which caused the cost of a shipping container to skyrocket.

article thumbnail

Ocean Freight: Key Trends & Planning For Peak Season 2023

Ware2Go

In this article: Ocean Freight: Key Stats & Industry News Ocean Freight Shipping: What to Watch For In 2023 Freight Shipping From China & Alternatives What Are The Current Ocean Freight Rates? The World Trade Organization estimates 43 billion tons of goods are shipped each year—due in part to the rising trend of eCommerce.

article thumbnail

Pushing the Supply Chain Reset Button

The Logistics & Supply Chain Management Society

The proliferation of products and capabilities is exponential with over 60% of capacity in Taiwan. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. Focus on right-sizing inventories. What can be done?