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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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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. Thailand The S&P Global Thailand Manufacturing PMI® pointed to broad based improvement in business conditions during January, reporting a value of 54.5, rising one percentage point from the 47.8

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Global Production and Supply Chain Activity Levels Unchanged in April 2023

Supply Chain Matters

Of continued interest was that India and Thailand indexes (included in our highlights below) as leading in PMI growth during April. Developing Regions Thailand The S&P Global Thailand Manufacturing PMI® recorded a record high in April that was headlined with a new orders rebound and output surges.

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

Supply Chain Matters

Thailand a Regional Standout A further regional standout, manufacturers across Thailand have reportedly experienced the fastest rates of demand for products on record, with production levels easing somewhat in May. The S&P Global Thailand Manufacturing PMI® declined from this survey’s record 60.4 value in April to 58.2

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

That is a positive sign Of continued interest was that India and Thailand indexes (included in our highlights below) reflected the quickest rates of expansion. Thailand The S&P Global Thailand Manufacturing PMI® remained at high levels during Q1-2023 growing at a steady pace since November 2022.

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Global PMI Levels Contract in June 2023 with Warning Signs for Q3 Activity

Supply Chain Matters

Positive client interest continued to support the manufacturing industry, driving growth of output, employment, quantities of purchases and input stocks.” Thailand a Regional Standout A further regional standout, manufacturers across Thailand reportedly experienced “ solid manufacturing sector expansion ” in June.