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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

South Korea has now become a concern as well as that regions manufacturing activity is now at a contraction level not seen since 2020. . . Barring the initial pandemic lockdown months, this is the steepest downturn in US manufacturing seen since the global financial crisis in 2009.”. South Korea. United States.

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Told You So Moment for Akio Toyoda

Supply Chain Matters

Industry media indicates that unsold inventories of EV vehicles remain on dealer lots as consumers are balking on the sticker price and the mileage ranges of offered vehicles. The Chairman of South Korea based SK Group , a strategic battery supplier to Ford Motor , indicated to Bloomberg that amid the increased tensions between the U.S.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009.

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.

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What the Rest of the World Can Learn from Shopping Days in China

EMERGE App

Today, Singles’ Day is largely synonymous with Alibaba because they started their first annual sale with just 27 merchants in 2009. Your business needs a multi-channel sales strategy as well as an inventory management system that can handle just about any sales channel thrown at it. Adaptation Is The Key To More Sales.

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