article thumbnail

What are the best Supply Chain Strategies for 2021

ivalua

Materials like rare earth elements have a high concentration in Asia. For example, China and the United States are ranked 1 and 2 respectively for the production of rare earth elements, but this is deceiving as China is producing 5 times the amount of the United States.

article thumbnail

Freight Cost Volatility Impacts on Inflation – An Analysis

Freightos

So, at least in the United States, with roughly half of those consumer goods being imported, ocean logistics costs had a significant impact on inflation. For example, when ocean costs spiked from May to September 2021, rates from Asia to the US climbed by more than $14,000 per container. .

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Onshoring, Reshoring, and Nearshoring Strategies Calm Supply Chain Chaos

Logility

According to Reshoring Initiative , companies seeking to limit their exposure to supply chain uncertainties and global conflict risks are moving operations from East Asia to the United States or as close as possible.

article thumbnail

The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

China, for example, only produces 14% of their total units, only 3% of those units end up being exported to the United States and 2% to EMEA. In Asia, Vietnam and Bangladesh are more important sourcing locations. Much of the world’s fabric is produced in Asia, for example. We will manage by exception only.

article thumbnail

This Week in Logistics News (August 6 – 12)

Logistics Viewpoints

billion yen, supported by robust shipments to the United States as well as a weaker yen, according to the data released by the Ministry of Agriculture, Forestry and Fisheries. Both marine products were supported by growing demand from Japanese restaurants in the United States. percent to 38.7 percent to 20.9 billion yen.

article thumbnail

Consumer Credit, Generation Z, and the Consumer Packaged Goods Sector

Enterra Insights

During this period of changing consumer behavior, retailers experienced an inventory mismatch and inflation reared its ugly head. Globally, Gen Z is growing fast: Gen Zers will make up a quarter of the population of the Asia–Pacific region by 2025.”[7] Most economists credit strong consumer spending for this soft landing.

Packaging 246
article thumbnail

Understanding the Salaries in Supply Chain Management

SCMDOJO

Salaries You Can Expect in Supply Chain Management Region-Wise: Here is a list of salaries for different supply chain designations: Demand planner, Supply chain analyst, Master scheduler, Purchasing manager, Inventory manager, Logistics manager, Procurement manager, Materials manager, Supply chain manager, and Supply chain director.