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Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part Two

Supply Chain Matters

2023 Prediction Three: More Direct Control in Strategic or Tactical Multi-tiered Direct Materials Sourcing will Continue to be a Prominent Element of Business Strategy for Chief Supply Chain or Chief Procurement Officer Efforts. . Canada or Mexico. Prediction Background. Higher cost levels will need to be mitigated or reduced.

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Is Mexico the World's Next Manufacturing Hub?

Elementum

According to Deloitte’s 2016 Global Manufacturing Competitiveness Index, Mexico ranks number eight out of 40 countries including Canada, Sweden, and Vietnam. Mexico may become the global manufacturing nerve center if the country plays its cards right. Lower costs and proximity to the U.S. Branching Out.

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Trends in Sustainability: Deglobalization will accelerate in 2024

Freightera

North American companies are increasingly re-shoring manufacturing (primarily from China to Mexico, due to the strong US dollar) but some firms are moving back to Canada as well. Increasingly even Chinese manufacturers are looking abroad, moving operations to Mexico and Vietnam, for example.

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The Age of Agility: Building Resilience in the Supply Chain

The Logistics & Supply Chain Management Society

However, measures such as alternative factories, dual sourcing and more generous safety stocks go against the well-versed philosophy of lean supply chains that has prevailed in recent decades,” he says. Multi-Sourcing. Another crucial software system is the transport management system (TMS). Inventory and Capacity Buffers.

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New UPS Fees Come in Response to More Demand

Intelligent Audit

However, that initial online connection immediately increases the chances that the customer will make a purchase, which again extends the demands for transportation and shipping. Shippers need to understand these fees, also available in full detail here , and how they emphasize the value of a single source of truth for shipping data.

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5t New UPS Fees Come in Response to More Demand

Intelligent Audit

However, that initial online connection immediately increases the chances that the customer will make a purchase, which again extends the demands for transportation and shipping. Shippers need to understand these fees, also available in full detail here , and how they emphasize the value of a single source of truth for shipping data. .

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

For the first time in many months, report authors identified export order demands originating countries as being Australia, Bangladesh, Brazil, Canada, China, Europe, Indonesia and the United States. We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks.