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In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. What would happen if China invaded Taiwan ? Energy Information Administration ). Tom notes, “The U.S.
Taiwan Semiconductor Manufacturing (TSMC), the company that makes the majority of latest-generation chips for Apple products, has committed to increasing capacity by spending $100 billion across the next three years, and building new factories in Arizona and Japan. IATA data shows global demand for air cargo markets jumped 3.7%
Risks include ongoing Red Sea disruptions brought on by attacks on cargo and container ships, the ongoing Russia-Ukraine conflict destabilizing manufacturing and trade activities, along with Taiwan trade risks brought about by Chinese military drills hindering trade through major sea routes. All rights reserved.
China Tech Fight Widens After Taiwan Blacklists Huawei More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox. Featured Product Popular Stories Report From DPW: What’s Next for AI in Supply Chain?
Interestingly, while rates from China have declined, prices from Taiwan and Vietnam have remained elevatedlikely reflecting importers’ rapid pivot to alternative sourcing markets. Cash Flow Crunch Cash flow is always top of mind for small business, especially importers who have to front payments for their cost of goods.
China Tech Fight Widens After Taiwan Blacklists Huawei More from this author Subscribe to our Daily Newsletter! trade negotiations with China. trade negotiations with China. RELATED CONTENT RELATED VIDEOS Global Trade & Economics Automotive High-Tech/Electronics Industrial Manufacturing Related Articles U.S.,
This index complies a data set of 2 chosen variables for each of the economies of the Eurozone , China , Japan, South Korea , Taiwan, the United Kingdom and the United States. In February, a new Stage I Measure was introduced, which tracks that average period from cargo ready to origin port departure. Federal Bank of New York.
In 2017, Smith & Nephew expanded its use of business network and cloud-based applications to support a centralized, efficient procurement process for managing spending from end to end.
magnitude earthquake in Taiwan, as well as current port closures and supply chain challenges. magnitude earthquake struck Taiwan. The quake was the biggest earthquake to hit Taiwan in 25 years. Following the earthquake, tsunami warnings were sent out in Taiwan, Japan, and The Philippines, but have since been lifted.
Accordingly, significant volumes of ocean cargo shifted to earlier sailings than normal, disrupting typical volume trends in the third and fourth quarters of 2018. In fact, there were some instances where vessels had to unload cargo in Panama to get through the canal. Procure enough capacity. during this period.
Journeys were also delayed and canceled on June 24, after there were two fatalities on the high-speed line between Lille and Paris, Eurostar said in a post on X.
China and Taiwan Region As we pen this posting Typhoon Saola is barreling towards the Hong Kong and China ’s southern Guangdong province coastal area with winds of more than 125 miles per hour and predictions of a ten foot sea surge. Thus far hundreds of flights in the region have been cancelled, stranding passengers and air cargo.
A further factor was that air cargo rates are now down upwards of 80 percent because of lower volumes and excess capacity among carriers and commercial airlines. The carrier’s Asia based operations have a concentrated focus on moving goods from manufacturing hubs in China , Taiwan or Singapore.
And even with a 90-day tariff pause for many other US trading partners and the USs recent easing of terms for auto tariffs , some countries, like Taiwan and Korea where automotive goods make up a significant share of exports to the US, are seeing manufacturing take a hit as well.
After tariffs hit Chinese electronics, HP expanded sourcing to Taiwan and Thailand, reducing costs by 8%. Global Supply Chain Management Regulation & Compliance Sourcing/Procurement/SRM Supply Chain Security & Risk Mgmt RELATED CONTENT RELATED VIDEOS Subscribe to our Daily Newsletter!
And even with a 90-day tariff pause for many other US trading partners and the USs recent easing of terms for auto tariffs , some countries, like Taiwan and Korea where automotive goods make up a significant share of exports to the US, are seeing manufacturing take a hit as well.
In his first week in office, President Biden signed Executive Order 14005, Ensuring the Future is Made in America by All of America’s Workers, launching a whole-of-government initiative to strengthen the use of federal procurement to support American manufacturing.”[1] Procurement must also be considered.
Freightos Terminal data shows that container rates from China, Taiwan and Vietnam to the Long Beach all climbed sharply following the April 2nd tariff announcements possibly reflecting the rush to load goods by April 9th when the reciprocal tariffs went into effect.
This trend was apparent in the increases in US trade with Mexico and Canada, and with alternatives in Asia like Vietnam, India, Taiwan and Bangladesh at the expense of Chinese imports to the US which declined from 20% of total US imports in 2018 to 13% in 2024. If things do play out this way, the freight market will suffer too.
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