article thumbnail

Supply Chain Woes with Inflation Rising … What’s Next?

Supply Chain Game Changer

The latest outbreaks of Covid-19, especially in Asia, have only exacerbated the global chip shortage further. Since chips are the core of the economy in the US, the ongoing supply issues are certain to have a ripple effect in other parts of the world, as debt issues and currency devaluations are largely impacted.

article thumbnail

The Age of Agility: Building Resilience in the Supply Chain

The Logistics & Supply Chain Management Society

Border controls, China’s zero-covid policy and global shipping costs and energy prices is putting increasing pressure on supply chains throughout the Asia Pacific region. Feature Article by Anthony Beavis, Managing Director APAC at Körber Supply Chain.

Insiders

Sign Up for our Newsletter

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

article thumbnail

2021 Supply Chain Challenges: The Top 5 Lessons Learned + Tips from 11 Industry Experts

ToolsGroup

Pre pandemic we were importing the majority of our inventory from East Asia, in particular China and Japan. Innovation is the currency that drives our startups, which is why we cannot afford to become complacent about what it takes to remain in wait at the highest level. Lesson #5: From Shipping to Stocking, Process Matters.

article thumbnail

Improving Global Freight Process Management

Talking Logistics

There are many reasons for this including a multitude of additional service providers, currency and language conversions, import and export compliance restrictions, a lack of supply chain data, and the confusing nature of working with and managing disparate technology systems across various global locations.

article thumbnail

Is Mexico the World's Next Manufacturing Hub?

Elementum

Europe and Asia Follow Suit. Some companies in Europe and Asia are also looking to grow their Mexican presence. Mexican government sources cite competitive advantages such as a stable currency exchange rate, advantageous regulatory conditions for trading, and highway and rail accessibility with over 150 international harbors.

article thumbnail

Will inflation rage the longest in the UK?

Taulia

This led to shortages in materials like plastic, concrete, steel, and timber, and in January 2022, it cost $17,000 USD to send a shipping container from Asia to Europe – compared to $1500 USD in January 2021 5. In September 2022, the pound fell against most major currencies.

Ukraine 52
article thumbnail

Freeports: The 2022 Guide

Unleashed

Freeports are government designated zones usually located around shipping ports and/or airports. Jebel Ali Port is the world’s largest fabricated port, and is serviced by over 100 shipping lines. Currency exchange, tax benefits and incentives offered by free trade zones can cultivate innovation, investment, and business confidence.