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As sourcing demand shifts to Southeast Asia, FedEx launched a direct flight from Singapore to the US. For example, when a sales call in China reveals a customer diversifying its sourcing strategy, that information is quickly shared with counterparts in Mexico, Vietnam, or Malaysia.
Brian Grass - Chief Financial Officer We also began dual sourcing more of our production and are now intensifying those efforts even further. We began to build out our internal Southeast Asia sourcing capabilities to accelerate supplier transitions out of China and in many cases dual source our production. billion to $1.6
Source: Various published PMI reporting, 2024 and compiled by Ferrari Consulting and Research Group LLC This same global wide indicator ended 2023 at a value of 48.8 Bob Ferrari Copyright 2025, The Ferrari Consulting and Research Group and the Supply Chain Matters blog. and thus 2024 provided a 0.8 in December, a slight decline of 50.8
Source: S&P Global and J.P. Other Asian Regions The S&P Global ASEAN Manufacturing PMI , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam reportedly slipped to an 11-month low in January amid indications of new orders and output moderation levels.
It was reported that Hutchinson will retain ownership of ports located in Hong Kong and mainland China while selling its control of 43 other ports spanning Germany to Malaysia. Copyright 2025, The Ferrari Consulting and Research Group and the Supply Chain Matters blog. based technology providers. All rights reserved.
Sources: S&P Global Intelligence, 2025 Commodity Price and Supply Indicators Muted In parallel, The S&P Global PMI® Commodity Price & Supply Indicators report indicated that global price pressures reached a 16-month low in June with supply shortages remaining below long-run trending. The reported June PMI value of 48.6
Letters Sent Letters were reportedly sent to sent to Japan , South Korea , Malaysia and 14 other countries. They included 25 percent import tariffs on goods imported from Japan, South Korea or Malaysia with reportedly rates for other nations ranging from 25 percent to 40 percent. plans to impose. All rights reserved.
Identifying a legitimate and trusted online casino in Malaysia requires a discerning approach, starting with the verification of appropriate licensing from respected jurisdictions like Malta or the UK. To [ENSURE] review authenticity and gain deeper insights, consider the following: Source Credibility : Evaluate where the reviews are posted.
You could either build a new plant in the Philippines or alternate short runs in your existing plants in Malaysia. In Malaysia, you could parcel the large shipments between multiple plants or lines. For efficiency, this should be planned and scheduled on the same platform used for sourcing, supply chain and production planning.
Natural gas is a suitable source of energy to fuel the need for heat and the power, making it an influential player on the market. The current top seven exporters of LNG in the world are Qatar, Australia, Malaysia, Nigeria, Indonesia, Algeria and Russia. Low carbon sources and natural gas meet 85% of the increase in global demand.
Suhas Bhise (Head of PPC, Logistics and Sourcing, Arvind Limited): At Arvind, we began looking for a new solution because there was a limitation to how much our existing planning system could meet our requirements. The featured experts in this blog post have more to say in our latest eBook, Breakthrough Business Ideas.
To further diversify supply chains , Singapore also established the SG+ twinning model, where businesses can take advantage of dual production locations with its close neighbours including Johor in Malaysia; and the Batam, Bintan and Karimun islands in Indonesia. Top leadership support for Industry 4.0.
The alternative supply chain or “ Altasian” is defined as countries consisting of Japan, South Korea, Taiwan, India, the Philippines , Indonesia, Singapore, Malaysia, Thailand, Vietnam, Cambodia and Bangladesh. billion in population will be the linchpin of an alternative sourced Asian supply network. One example indicated was that U.S.
Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.
Our Ferrari Consulting and Research Group clients and Supply Chain Matters blog readers are likely well aware that each year we publish at the start of that year, a Research Advisory outlining our ten predictions for the coming year. Restoring More Direct Control in Materials Sourcing. Mid-Year Assessment.
The Ferrari Consulting and Research Group via its affiliated Supply Chain Matters blog provides supply chain focused perspectives on this week’s indications of slower economic growth across China. The lack of momentum in China based manufacturing has had a discernable contractionary impact on other regions, especially Taiwan and Malaysia.
Profitability growth comes mainly from higher output volumes or added supply network sourcing services needs that Apple had provided. Further reported was that this business segment is now associated with Foxconn ’s second-biggest source of revenues after its consumer electronics focused business. All rights reserved.
Today’s guest blog is posted by Timothy Barnes, who I met through the SCRC. Tim is a global supply chain executive originally from Australia, who has been studying the evolution of the Trans Pacific Partnership closely, and is writing a book on the subject.
Since China banned the import of plastic waste (except the cleanest plastics) in late 2017, America has been shipping its plastic waste to other countries including: Malaysia, Thailand, Indonesia, Philippines, Vietnam, Cambodia, Turkey, etc. . Source: The Guardian. Source: The Guardian. .
Digitalization helps companies obtain the right data from the right sources and ensures that data gets to the right decision-makers. Most companies weren’t buying from China or Taiwan or Malaysia like they are today.”[4] ” Oracle Supply Chain Management Blog , 24 October 2019. [5] Footnotes. [1]
That would include alternatives to China under the umbrella of China Plus sourcing. based companies had indicated in survey data and in concerted actions in termed China Plus sourcing strategies that either alternative, nearshoring, or reshoring efforts were being undertaken. We pointed out that in 2022, more U.S.
Water pollution shrank or completely stopped on the beaches of Bangladesh, Malaysia, Thailand, and the Maldives. Arena helps manage this information, accelerate new product introduction (NPI), and drive continuous product improvement with a single source of product truth.
There’s also the issue of sourcing , as companies consider nearshoring and reshoring and requalify and re-assess their suppliers and sub-suppliers. It’s a matter of time before many China-based supply chains shift into Malaysia, Indonesia, Vietnam, and Thailand, or come home. How Best to Prepare.
For those organizations who had already reduced their dependency on China, many had moved production to Malaysia. While the COVID-19 outbreak in Wuhan served as a precursor, the shutdown of Malaysia followed shortly. Never let a good crisis go to waste.
For those organizations who had already reduced their dependency on China, many had moved production to Malaysia. While the COVID-19 outbreak in Wuhan served as a precursor, the shutdown of Malaysia followed shortly. Never let a good crisis go to waste.
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.
Source: S&P Global Intelligence and compiled by The Ferrari Consulting and Research Group 2024 Select Regional and Country Highlights Eurozone Manufacturing Contraction Continues The HCOB Eurozone Manufacturing PMI® report for September was headlined with euro area manufacturing activity falling at its steepest pace thus far in 2024.
We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks. This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam. Contrasting Reporting for U.S. in January, and 49.7
Source: JP Morgan and S&P Global Market Intelligence, 2024 Select Regional and Country Highlights India The HSBC India Manufacturing PMI® August report was headlined with India based manufacturers signally substantial but softer increases in new business and production levels. in July to 51.1 All rights reserved.
Other Asian Nations The S&P Global ASEAN Manufacturing PMI® , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam was reportedly unchanged in June at the value of 51.7. The reported notion of global business optimism dipping to an eight month low is noteworthy.
Other Asian Nations The S&P Global ASEAN Manufacturing PMI® , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam reportedly grew marginally in July at the value of 51.6. This particular index rose to a two-year high of 52.1 All rights reserved.
They have a large coverage and offer services in China, Hong Kong, Indonesia, India, Taiwan, Vietnam, Bangladesh, South Korea, Sri Lanka, and Malaysia. Unfortunately, they have no Google reviews so we had to look elsewhere for another source. Flexport According to Wikipedia: “Flexport Inc. Here’s a general overview of their services.
They have a large coverage and offer services in China, Hong Kong, Indonesia, India, Taiwan, Vietnam, Bangladesh, South Korea, Sri Lanka, and Malaysia. Unfortunately, they have no Google reviews so we had to look elsewhere for another source. Flexport According to Wikipedia: “Flexport Inc. Here’s a general overview of their services.
Among the countries flagged for high ESG concerns is Malaysia, which in 2021 exported $280 billion worth of goods and commodities, according to the Malaysian trade ministry. And that was just the latest enforcement action by CBP against Malaysia exporters. Malaysia is also challenged with a reputation for corruption.
In 2022, a report from Sheffield Hallam University found that every large car manufacturer was at a high risk of sourcing parts linked to Xinjiang. CBP has stopped more shipments from Malaysia and Vietnam than from China itself. This could include disruptive actions such as ditching suppliers and/or changing sourcing strategies.
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