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I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. With globalization, the need to partner with local logistics service providers becomes an imperative.
Take for example the BRIC nations and the impact this region has across the global economy. In fact, all of the BRIC countries are now in the top 10 economies, with Brazil at 9, Russia at 6, India at 4 and China 2nd. The company sources the majority of its products from contract manufacturers in the Far East.
In this environment, the supply chain and logistics task becomes even more complex, as it involves delivering and fulfilling product and service support to deliver a lifestyle “vision” around the world. Many of the Lifestyle brands are licensed across multiple geographies.
To learn more about what is impacting the industry today, Supply Chain Nation spoke with Louis Yiakoumi, Group Publisher for Automotive Logistics magazine to get his insights for our Expert Insights series. SCN: What are the biggest logistics challenges automotive OEMs and suppliers are facing today? For them it’s just a cost.
While it seemed like many companies would be moving more towards the BRIC countries, global events have proven this uptake to be relatively slow. No question the global supply chain is still going strong. However, the global economy has certainly gone soft…with the exception of the US! This is likely to continue. More of the same.
However, outside the emergence of a newly discovered technology or energy source, an economic boom seems unlikely at this time. BRICS is an alliance between several countries (Brazil, Russia, India, China, South Africa) to do just that. Instead, we consider the possibility that the dollar could stay elevated for a long period of time.
Our interactions spanned the full range of Customer-Supply Chain activities: materials costing, planning, materials availability, inventory, delivery performance, and logistics. I was in the Supply Chain organization and Derek Panchyshyn was the Executive in charge of the EMC Account. Derek was always the consummate professional.
Our interactions spanned the full range of Customer-Supply Chain activities: materials costing, planning, materials availability, inventory, delivery performance, and logistics. I was in the Supply Chain organization and Derek was the Executive in charge of the EMC Account. Derek was always the consummate professional.
So we’ve mapped out five changing Chinese trends that will echo throughout global logistics this year, carving out opportunities for ambitious logistics experts to realize serious gains. Image Source: Brics-Info.org. Source: Trading Economics. “Uber for Truck” Platforms. Forwarders, get ready.
The economic rise of the BRICs will continue vs the West Europe, then North America, has been the dominant economic force for hundreds of years. Sources and References [link] [link] [link] [link] [link] Eric Beckwitt is CEO of Freightera.
He writes, “Tariffs hit hard on the bottom line by hiking up costs across supply chains, thereby affecting sourcing, manufacturing, and distribution decisions. Imports from Mexico, Canada, and the BRICS countries (i.e., [The Trump] administrations policies are now forcing U.S. and non-U.S. … Add in the burgeoning U.S.
and Vietnam creates new question marks for sportswear and clothing retailers like Nike and Adidas that source shoes and clothes from factories in the Southeast Asian country, industry experts said on Thursday. Trump says alignment with BRICS' 'anti-American policies' to invite additional 10% tariffs U.S. billion rupees ($497.30
We work at the intersection of sourcing, logistics, legal, finance, and government affairs, and I spend 25% of my time helping our GA team form trade affairs strategies. In the end, we have had to set up playbooks for each of these situations, which we do through our sourcing organization in China. This is all very real.
BRICs Are Moving to Buying, Not Just Making. Now differentials in workers’ pay are disappearing as countries like Brazil, Russia, India, and China (the BRIC countries) grow richer and develop into consumer giants. Supply chains have become a major source of competitive differentiation because they are difficult to copy.
Strategic global trade decisions take on a variety of postures, including defensive, offensive, informing sourcing strategy when it comes to trade agreements, duty positioning, country pairings, and and sourcing shifts to reach some sort of global optimization, which must also consider supplier capability, capacity, and duty.
And the letter to Brazil also presents a warning shot to the BRICS group of developing nations, which Trump has cast as a threat to the U.S. Brazil is the first country to receive one of Trump’s tariff notifications that was not on the initial list of trading partners when he announced higher so-called reciprocal tariffs in April.
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