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Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

These smart operators include: John Deere: The agricultural vehicle manufacturer says it expects to spend $40 million (USD) on expedited freight to ensure there is no disruption in supply. Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea.

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More Evidence of Supply Chain Cost Inflation Impacting Various Industries

Supply Chain Matters

Global consumer product goods provider Nestle in its latest report of quarterly financial performance indicated that despite being able to raise prices for a wide variety of marketed products, higher costs for commodities, freight and energy continue eroding profit margins. Higher costs reportedly have resulted in a 2.8

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. At the end of 2021, ocean freight rates were more than three times what they were throughout 2020. In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. Bloomberg).

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. The new facility will allow the company to offer two-day shipping to most (about 90%) of the U.S.