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Supply Chain Matters News Capsule Update- March 28 2024

Supply Chain Matters

In conjunction with the reporting of 2023 financial performance, the California based EV maker announced that the company would lay off upwards of 15 percent of its current staffing, amid cash and ongoing business and supply chain related challenges. The company reported a cash balance of slightly over $325 million at the end of 2023.

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How the UAW Strike is Shaking Up the Automotive Supply Chain

Resilinc

The effects of the strike are already rippling through the automotive supply chain. While companies do have some excess inventory available, the automotive supply chain is experiencing layoffs, furloughs, auto parts shortages, and idling operations. The automotive supply chain is a complex ecosystem of different suppliers.

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Amazon’s Blowout 2023 Financial Performance

Supply Chain Matters

Supply Chain Matters provides highlights and perspectives of Amazon’s recently reported Q4 and full year 2023 financial performance. Total revenues rose 14 percent to $170 billion, which Bloomberg , in its reporting equated to the strongest online sales growth since the early days of the pandemic. Net income was reported as $30.4

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Told You So Moment for Akio Toyoda

Supply Chain Matters

Industry Headwinds Supply Chain Matters has featured multiple automotive industry transformation specific commentaries of the past several months. Essentially, China based auto makers have been leading the charge to achieve volume leadership and lowest cost advantage in both domestic, and increasingly, export markets.

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Seasonal Inventory and 7 Ways to Manage It Effectively

ToolsGroup

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

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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. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items.

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Rivian Automotive’s 2022 Performance and Planned 2023 Objectives

Supply Chain Matters

Supply Chain Matters highlights Rivian Automotive ’s reported Q4 and full-year financial and operational performance along with plans for the next two years. The EV vehicle start-up reported the delivery of 20,337 vehicles in 2022, falling short of this company’s highly monitored commitment to produce 25,000 vehicles.