article thumbnail

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

For example, the EU’s tightening rules on palm oil imported from Southeast Asia places Malaysia and Indonesia in a difficult position, as they account for 85% of the world’s total palm oil supply. Conclusion. Firms must constantly evaluate and evolve their supply chains and leverage opportunities.

article thumbnail

Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

Even in Malaysia, retail sales during Christmas and Chinese New Year showed an 26.5% This is forcing organisations to change the way business and logistics management are being handled to improve forecast accuracy, ensure compliance, reduce costs of goods and to handle delays effectively.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Resilience and Agility in Supply Chains: Navigating Change in a Dynamic World

The Logistics & Supply Chain Management Society

The scarcity of skilled professionals in areas such as logistics, procurement, and data analytics can hinder the ability to effectively manage and optimize supply chains. These technologies have the potential to automate processes, improve forecasting accuracy, optimize inventory management, and enhance decision-making capabilities.

article thumbnail

Q: Food vs Fuel? A: Wrong question…We need more efficient markets!

Supply Chain View from the Field

I have been working with Jay Golden at Duke University on the biobased forecasting project for the USDA, seeking to understand the current scope of the biobased product market ( focused on non-fuel, non-food products). I had the opportunity to speak today with an educated economist who works for the US Soybean Board.

article thumbnail

October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam. percent in 2022 to a forecasted 3 percent this year, an anticipated 2.9 These nations reportedly account for 98 percent of ASEAN manufacturing value added. percent in 2024.

article thumbnail

Essential Skills for Supply Chain Leaders in Asia during Pandemic

The Logistics & Supply Chain Management Society

Given the uncertain demand during the pandemic, effective collaboration and joint forecasting with customers and suppliers become critical for success. Shortage management is a strategic approach that evaluates the number of items required by a specific date, guiding purchasing managers to procure items accordingly.

article thumbnail

The Evolution of Asset Management: Humans, Inventory and the Rise of AI

The Logistics & Supply Chain Management Society

Leverage Advanced Forecasting Technologies : Incorporating artificial intelligence (AI) and other cutting-edge technologies into forecasting processes empowers companies with unparalleled insights into demand patterns and potential disruptions, enabling more informed decision-making.