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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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Report- Hewlett Packard Modifying Global Sourcing Strategy

Supply Chain Matters

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

along with Vietnam, Thailand and Indonesia. New order growth reportedly accelerated at the fastest in nearly three plus year, which is a likely indication that this region has become the new go-to for China Plus product sourcing strategies. Growth expansion has returned across China and the U.S. reflecting a 1.3 import needs.

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January 2023 PMI Reporting Points to Some Signs of Global Wide Easing

Supply Chain Matters

The few pockets of production expansion were noted to be within Asia , including India, Indonesia, Thailand and the Philippines. Report authors suggested that the domestic market was the main source of new business growth while international demand role slightly in January. rising one percentage point from the 47.8 compared to 52.5

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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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Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand. That’s been a massive trend.

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Global Production Activity Levels Unchanged In May But Provide Added Warning Signs

Supply Chain Matters

Source: S&P Global Monthly PMI Reporting Highlights of Regional Reporting Continued High expansion in India Manufacturing activity levels across India remained at high expansion levels in May, outpacing all other regions. The S&P Global Thailand Manufacturing PMI® declined from this survey’s record 60.4