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

Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

Global Manufacturing Output Levels Strengthen Global-wide manufacturing levels as depicted in the J.P. Morgan Global Manufacturing PMI® ended March on an optimistic footing. percentage points higher that the December 2023 ending value. percentage points higher that the December 2023 ending value. reflecting a 1.3

Insiders

Sign Up for our Newsletter

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

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.

article thumbnail

Global Production Levels Falling At the End of 2023

Supply Chain Matters

Supply Chain Matters provides a further installment in our global supply chain assessment in the highlights on reported December 2023, Q3-2023, and full year global and regional production and supply chain PMI indices. Global Production Continues to Contract Global-wide manufacturing levels as depicted in the J.P. declined 0.3

article thumbnail

Concerns Abound for Europe and Germany’s Manufacturing Sector

Supply Chain Matters

In a prior Supply Chain Matters Global Supply Chain Assessment commentary earlier this week , we surveyed reported global wide PMI indices for August 2023, along with implications. The four largest European manufacturing economies, namely Germany, France, Italy and Spain , collectively remained at production contraction levels.

article thumbnail

Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

Supply Chain Matters provides highlights of February 2023 reported global and regional PMI indices which appear to indicate some stabilization within global supply chain networks. Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. percentage points below January’s value of 48.8.

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.