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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

However, the lessons garnered during the pandemic will likely drive inventory management toward less of a dependency on global-wide sourcing and more toward product postponement sourcing and customer fulfillment strategies. World economic growth was forecasted to slow from 3.5 percent in 2024.

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Supply Chain Matters News Capsule Follow-Up

Supply Chain Matters

Seasonal Holiday Hiring At Its Lowest Levels Following up on our Supply Chain Matters posting highlighting the National Retail Federation’s (NRF) November 2023 holiday spending forecast , The Wall Street Journal reported this week ( Paid subscription ) that the number of U.S.

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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers. Net/Net: The Panama Canal cannot handle the largest ships, and moving a vessel through the Panama canal increases the cost of a container by approximately $8,000.

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You Should Be Worried. Supply Chains Are Not OK. Let’s Lock Arms To Drive Change

Supply Chain Shaman

Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). Value networks do not interoperate and the business leader trying to track shipments must manually sync multiple data sources to get to answers. Trade continues to be imbalanced.

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How To Overcome The Current Supply Chain Disruptions As A Manufacturer

Precoro

Such an interruption can affect any of the supply chain steps, often involving sourcing of raw materials, production, and distribution of goods or services. While the worst of the pandemic appears to be behind us, COVID-19's impact on manufacturing supply chains continues to reverberate the landscape.

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Trends 2024: Risk Management

Enterra Insights

Journalist Andrew Freedman explains, “Geopolitical risks in the Red Sea and extreme weather in Central America are converging, jostling global supply chains fed by the Suez and Panama Canals.”[5] … In Panama, the drought is tied partly to the El Niño climate cycle, along with long-term, human-caused climate change.

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Supply Chain Matters News Capsule Follow-Up September 1 2023

Supply Chain Matters

A new consideration to such shifts is a current development related to ongoing concerns toward increased lowered water levels in the approaches to the Panama Canal. As many of our readers are aware, the coastal Guangdong region and a major hub for high tech and electronics production among other industry related manufacturing.