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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

There are building needs for positioning supply chain risk mitigation strategies toward more implied regionalization of supply chain sourcing, along governmental induced trade policies impacts on industry supply networks. Global trade was reportedly set to contract by 5 percent in 2023 compared to 2002, amounting to upwards of $30.7

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Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

A North American-based survey of nearly 200 supply chain professionals from top CPG, distribution/wholesale, food and beverage, manufacturing, and retail companies found that 58% of respondents are still in the exploring or evaluating phases of digital transformation. Visit www.ToolsGroup.com and follow us on Twitter @ToolsGroup.

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What does increasing regulatory oversight mean for the pharma supply chain?

The Network Effect

Due to more complex supply chains, policy makers worldwide are enforcing stricter regulations for manufacturing and logistics. Selected manufacturing problems and growing public pressure have caused the US Food and Drug Administration (FDA) to strengthen GMP standards (Good Manufacturing Practices) and control them more strictly.

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Two Million Vacant Manufacturing Jobs by 2025…How Can We Tackle the Skills Gap?

GlobalTranz

Approximately 60 percent of today's unfilled manufacturing jobs are due to a shortage of applicants with sufficient proficiency in science, technology, engineering, and math ( STEM ) skills. IMPO Executive Editor, Anna Wells provides insights into the complicated issue in her article “Why The Manufacturing Skills Gap Is Serious”.

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Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part One

Supply Chain Matters

Downside risks that include monetary policy miscalculations, an uncertain outcome to the ongoing Russia-Ukraine conflict and further supply network disruptions as a result of more far-reaching spread of Covid variant infection rates across China. Global manufacturing activity as depicted by the J. percent in 2022 and 9.7

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What’s New with MMOG/LE Version 5?

QAD

The MMOG/LE assessment has been a go-to document for automotive supply chain best practices for thousands of global Tier 1 and Tier 2 suppliers since its first publication in 2002. More emphasis on risk management and contingency plans throughout the supply chain including a cybersecurity policy. np stands for: New Platform).

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Steel Tariff Proposition: Will It Work?

Elementum

Ideally, implementing the tariff would result in the accomplishment of three main objectives: bolstering the economy via an influx of funding into local production, lowering the price of steel by avoiding fines imposed by foreign manufacturers, and moving jobs “back” to the U.S. The proposed tariff policy hinges primarily on two things.