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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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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

New order growth reportedly accelerated at the fastest in nearly three plus year, which is a likely indication that this region has become the new go-to for China Plus product sourcing strategies. This index is a compilation of seven termed ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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Evidence That Manufacturers are Seeking Added Resiliency and Control of Supply Networks

Supply Chain Matters

That would include alternatives to China under the umbrella of China Plus sourcing. Further, some industries are defining more direct control under the notions of supply chain vertical integration, or complete transformations of strategic supply networks in the case of global automotive industry manufacturers.