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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

While it may seem smart to simplify procurement and lower costs, single sourcing can actually expose businesses to risks that can jeopardize their operations and bottom line. Single sourcing and sole sourcing are two different procurement strategies in supply chain management. What is single sourcing and sole sourcing?

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The Supply Chain Response to India’s Second Wave of Covid!

Supply Chain Game Changer

However,lack of coordination between state ,centre and healthcare sector topped with transportation issues resulted in this struggle to cope up with the sudden spike in demand for liquid oxygen. Some of the others countries who helped us in this time of grave crisis included Bhutan, Ireland, Romania , Portugal, Hong Kong and Thailand.

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Global Production Levels Falling At the End of 2023

Supply Chain Matters

This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Declines in the manufacturing sector were noted for Myanmar , Thailand , and Malaysia. These nations reportedly account for 98 percent of ASEAN manufacturing value added. by the end of the year.

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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

along with Vietnam, Thailand and Indonesia. The March report made specific mention of the impact of maritime disruption attributed to the diversion of ships from the Suez Canal as a result of Red Sea terrorist attacks. Growth expansion has returned across China and the U.S. reflecting a 1.3 The reported March value of 46.1

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Forced Labor in Seafood Supply Chains

EcoVadis

Western multinationals linked to these practices through their supply chains into damage control and Western governments responded by imposing trade sanctions on Thailand. Thailand, the target of much of the attention in Southeast Asia, is the third largest seafood exporter in the world. Background. According to the U.S.

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Could Looming Supply Chain Risks Sink Your Company?

Material Handling & Logistics

Instead of trying to cut costs silo by silo, these companies take an integrated view of operations (product design, procurement, manufacturing, supply chain management). Procurement: Buy Better, Spend Better. Bain research shows that spending better can potentially more than double a company’s productivity gains from procurement.

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8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

Expedite deliveries, but not returns (because it is cheaper to ship slowly and customers are not looking for expedited return shipping). Some of the ways by which poorly managed supply chain expenditure can inflate product costs are listed below: High transportation costs. Procurement costs. Inventory and storage costs.