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The Coronavirus Is Shattering Traditional Supply Chains

ivalua

In the meantime, Hyundai’s supply-chain radar was able to quickly identify two South Korean wire harness makers who were looking for opportunities to increase production at their own factories in South Korea and elsewhere in Asia, to compensate for disruptions to the Chinese supply chain.

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Additional Investment in US Based Automotive EV Supply Networks

Supply Chain Matters

South Korea based LG Chem announced this week a planned $3.2 According to a report published by Nikkei Asia ( Paid subscription or metered view ), the chemical and electronics provider signed a memorandum of understanding with the State of Tennessee involving a 420 acre facility to be located in Clarksville, Tennessee.

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Tech OEMS battle it out in the semiconductor value chain

Resilinc

According to Counterpoint Research, as quoted by Nikkei Asia, Samsung saw “favorable pricing, high utilization rate[s] and share wins in [the] foundry sector,” including strong growth in large-scale integration for products ranging from smartphones to automobiles.

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Increased Signs of Weakness in China and a Changing Global Trade Picture

Supply Chain Matters

The Wall Street Journal indicated that China ’s exports to the EU and to the Association of Southeast Asia Nations (ASEAN) each dropped by 21 percent. Bloomberg pointed to exports to markets including Australia , Brazil , Japan , Taiwan and South Korea declining by double-digit percentages as well.

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Relatively Cautious Global Production and Supply Chain Indices for February 2022

Supply Chain Matters

Optimism is reflected in United States , Eurozone and select Asia data and the traditional Lunar New Year holiday period does not appear to have dampened Asia based production levels for February. The index that tracks ocean container movement from Asia to Western Europe increased by four days to 110 days. reported for January.

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September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending

Supply Chain Matters

This was driven on fears that global economic conditions will weaken further, and demand across key markets across Asia, Europe and the U.S. South Korea. South Korea remains a technical and manufacturing hub for semiconductor, memory and high-tech supply networks and thus another barometer of declining production demand.

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Global PMI Levels in July Remain of Concern

Supply Chain Matters

Morgan Global Manufacturing PMI®, compiled by S&P Global in association with ISM and IFPSM , provided a banner headline of a sharp downturn occurring across the Eurozone and added signs of weakness across Asia. Further indicated were signs of weakness occurring in China , Japan , Malaysia, South Korea , Taiwan and Vietnam.