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

Industry Outlook 2023: Digital Transformation in Supply Chain, Sustainability and Workforce Present Uncertainty and Opportunity

The Logistics & Supply Chain Management Society

Disruptions cause supply chain uncertainty Original Equipment Manufacturers (OEMs) in Asia continue to see strong demand for trade supply. For instance, sourcing of raw materials for battery manufacturing may become the next great supply problem as automakers bet big on electrification in 2023.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

The Logistics & Supply Chain Management Society

Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources. Source: IDC, 2023 Challenges and Limitations To fully utilize the potential of generative AI, we must acknowledge and address the many obstacles that hinder its widespread implementation.

article thumbnail

Energy Crisis in Asia and Europe: The Supply Chain Impact

Resilinc

February 2023 saw supply chain struggles continue across Asia and Europe due to dwindling energy supplies, ongoing effects of COVID-19, high inflation, and more. Asia Energy Crisis Currently, both China and Pakistan are suffering a major energy crunch from dwindling energy supplies and high global gas prices.

Asia 62
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

Risk Management Can Be a Competitive Advantage, Part One

Enterra Insights

The Mint staff adds, “Supply chain risk is a modern day reality and can emanate from a variety of sources, ranging from natural disasters to government policies and a host of other unforeseen events.”[2] Inevitably, these will interrupt production, increase sourcing costs, and cut into corporate revenue.”[4]

article thumbnail

Resilinc’s Q1 2023 Supply Chain Disruption Data

Resilinc

Resilinc’s supply chain disruption data for Q1 2023 is here — while overall disruptions are leveling off, there are some new risk types experiencing major shifts. Resilinc data shows a 55% jump in alerts about bankruptcies from Q4 2022 to Q1 2023 and a 90% increase in corporate restructuring alerts.