Remove 2023 Remove Asia Remove Inventory Remove Sourcing
article thumbnail

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?

article thumbnail

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Ten Supply Chain Predictions for 2023

NC State SCRC

As we go into the first week of 2023, many are wondering what’s ahead for global commerce and supply chains. As I’ve done in prior years, I’ll make a few predictions based on what happened in 2022 – and what I think it means for 2023. Unfortunately, a lot of the bloated inventory is stuff that consumers don’t want – or can’t afford.

article thumbnail

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

Supply Chain Matters

Supply Chain Matters provides highlights of March and Q1- 2023 reported global and regional PMI indices which reinforce a state of stabilization within global supply chain networks. However, we discern some added signs excess inventories and of production sourcing shifts. The overall average for all of Q1-2023 was 48.6

article thumbnail

World Bank Revises 2023 Global Growth But Downgrades 2024

Supply Chain Matters

On a regional scale, the bank anticipates that growth among emerging market and developing economies will diverge this year, picking up in East and Central Asia , Pacific as well as Europe while moderating in all other regions, particularly Latin America , Middle East and North Africa countries. percent in 2023, compared to 4.1

article thumbnail

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

Supply Chain Matters

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares select individual prediction snapshots that are included in our annual 2023 predictions for industry and global supply chains research advisory. Background. Higher cost levels will need to be mitigated or reduced.