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It’s the bullwhip, stupid!

Supply Chain Movement

Many companies worldwide are now reducing their inventories because they ordered too much last year. Unsurprisingly, our own recent research among Western European companies reveals that the biggest challenges for sales & operations planning (S&OP) are scenario planning, data availability and data accuracy.

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Nearshoring and the new normal: why the evolving supply chain requires real-time data

crisp

With timely data, companies are able to make informed decisions and react quickly to continuously changing market dynamics, ensuring they stay agile and responsive. Reshoring refers to bringing manufacturing operations on US shores, while nearshoring involves relocating operations to nearby countries like Mexico or Canada.

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Auto Manufacturers Nearshore to Mexico to Shorten Supply Chain

RFgen

Mexico offers a skilled and affordable work force. Some companies have found success by nearshoring to Mexico instead of going with traditional options for offshoring facilities. Forbes explained how Mexico is currently undergoing manufacturing growth that makes the country an ideal candidate for production. Ford is a U.S.

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Auto Manufacturers Nearshore to Mexico to Shorten Supply Chain

RFgen

Mexico offers a skilled and affordable work force. Some companies have found success by nearshoring to Mexico instead of going with traditional options for offshoring facilities. Forbes explained how Mexico is currently undergoing manufacturing growth that makes the country an ideal candidate for production. Ford is a U.S.

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Ten Supply Chain Predictions for 2023

NC State SCRC

He is the most accurate forecaster I know, because unlike many speculators and economists, his observations are based on actual data! He believes that inflation isn’t going to go down going into 2023 – but will persist. Inventory will remain bloated for the first half of 2023, – and supplier relationships will be tested.

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Blockchain in Supply Chain: 2 Ethereum-Based Projects That Demonstrate How Blockchain Can Improve Supply Chains

GlobalTranz

A supplier in Mexico mixes up two similar parts. Ethereum shares some common features with Bitcoin, including how it’s mined by computers and codifies unique data that can be used to track everything from transactions to an exchange of goods (more on that below). Supply chains are messy. Blockchain in Supply Chain Can Help.

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A True Supply Chain Transformation Requires the Proper Talent

Logistics Viewpoints

In Belcorp’s case they have four factories located in Colombia, Mexico, Peru, and Ecuador. This digital twin contains network costs – the inventory carrying cost is X for this product, by Y for this one. The cost reduction includes sourcing, customs & duties, transportation, production, and inventory holding costs.