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Additional Investment in US Based Automotive EV Supply Networks

Supply Chain Matters

Supply Chain Matters highlights an additional strategic sourcing announcement involving the future production of electric powered autos and vehicles in North America. South Korea based LG Chem announced this week a planned $3.2 Announcement. and other global regions. That further adds to fulfilling U.S.

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Mid-Year Assessment of 2022 Supply Chain Sourcing Predictions- Part Two

Supply Chain Matters

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

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Build Resilient Supply Chains That Weather Disruptions 

Logility

For example, COVID restrictions in Asia shut down auto production because 70% of chip manufacturing happens in Taiwan and South Korea. When this happens, you need alternate sources in different regions that can deliver the parts.

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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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Are Asian Economies Heading for a Bumpy Ride in 2022

20Cube Logistics

The Asia-Pacific region, which has emerged to be the economic hotspot in the last few decades, displayed a huge slump during the first wave of the COVID-19 pandemic. Despite the economic disruptions that raged post 2020 and the volatile state of price pressure, Asia has experienced less of a fluctuating consumer price inflation.

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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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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. TSMC says it will mass produce 3nm chips by the end of the year. “To