article thumbnail

5 Inventory Management Tips for Manufacturing SMBs!

Supply Chain Game Changer

Manufacturing SMBs article and permission to publish here provided by Alina Akk. Raw material inventory management represents a vital stage in the successful supervision of any manufacturing company’s supply chain. You can’t manufacture shiny new goods without raw materials, after all. Subscribe Here! Email Address.

article thumbnail

How international shipping can be improved in today’s global automotive supply chain

The Network Effect

Today I want to discuss international shipping management in the context of the new network platforms. . Visibility and timing once again take center stage related to international shipping. Popular INCO terms for international shipments include; FCA (free carrier), where the named place is the shipping location or export port.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

GlobalTranz

Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. for example, compared to shipping state-to-state.

article thumbnail

Lost in Translation-Incorporating Consumer Demand into your Supply Chain

The Network Effect

A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S. dollar into Asian currencies.

article thumbnail

Considerations for Expanding Your Supply Chain to New Countries!

Supply Chain Game Changer

With shipping fees, language barriers, and tariffs, managing the logistics of global supply chains can be an overwhelming endeavor. Manufacturing and production labor in developing nations are significantly less expensive than in most developed nations, but these often lack safety and environmental precautions. Outsourcing Sourcing!

article thumbnail

Is Mexico the World's Next Manufacturing Hub?

Elementum

Mexico may become the global manufacturing nerve center if the country plays its cards right. According to Deloitte’s 2016 Global Manufacturing Competitiveness Index, Mexico ranks number eight out of 40 countries including Canada, Sweden, and Vietnam. These advantages give the country an edge over, say, China and Brazil. Branching Out.

article thumbnail

2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

As 2024 begins, two of the world’s most critical ocean transit corridors, the Suez Canal , and the Panama Canal are facing threats of shipping disruption as global geopolitical tensions and terrorist threats escalate. Manufacturing and Supply Chain Activity Levels- Global-wide manufacturing levels as depicted in the J.P.