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Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

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. The Food Industry. In the future, businesses will diversify their supply chains and source locally so they are not as dependent on one procurement source as they are now.

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More Evidence of Supply Chain Cost Inflation Impacting Various Industries

Supply Chain Matters

Samsung Electronics reported an over 21 percent rise in quarterly revenues for the South Korea based company, but the numbers reportedly ended a streak of three consecutive quarters of record revenue growth. Two noted bellwethers of consumer electronics and high-tech supply networks are Samsung Electronics and Apple.

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

ToolsGroup

81% of semiconductor contract manufacturing was based in Taiwan or South Korea in 2020 ( Deloitte Global ), but The United States passed a $52 billion dollar Chips for America Act in an effort to bring the manufacturing of microchips back to the United States. Wall Street Journal ). Deloitte Global). Wall Street Journal ).

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

6 River Systems

In 2018, iHerb opened its first international 3PL distribution center in South Korea, the first in the country since its laws changed to allow foreign ecommerce companies. Thrive Market @THRIVEmkt Thrive Market is an ecommerce natural and organic marketplace for food, beauty and pet-related items. PST will ship the same day.