Remove Freight Remove Inventory Remove South Korea
article thumbnail

Global Supply Chains in Flux as U.S. Tariffs on Canada, Mexico, and China Take Effect

Logistics Viewpoints

Businesses are responding with production shifts, supply chain diversification, inventory stockpiling, and trade route adjustments in efforts to lessen the financial burden and avoid long-term instability. Major tech firms are shifting chip production to Taiwan, South Korea, and Southeast Asia to reduce dependence on China.

Mexico 224
article thumbnail

This Week in Logistics News (June 22 – 28)

Logistics Viewpoints

The information the companies gather could, for example, allow managers to receive information about unexpected frost harming cherry production or information about harvesting delays, which could result in inventory changes.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Deloitte Global).

article thumbnail

Build Resilient Supply Chains That Weather Disruptions 

Logility

As the pandemic eased, ports suffered bottlenecks, natural disasters disrupted freight movement, railways suffered congestion, and new legislation further complicated the movement of goods. For example, COVID restrictions in Asia shut down auto production because 70% of chip manufacturing happens in Taiwan and South Korea.

article thumbnail

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S.

article thumbnail

What Retailers are Saying About Tariffs - Part 6

Cathy Roberson

Eva Boratto - Chief Financial Officer With respect to inventory, we ended the first quarter with total inventory up 7% to prior year. Corie Barry - Chief Executive Officer Finally, consumer electronics products coming from countries such as Vietnam, India, South Korea, and Taiwan are currently subject to 10% tariff.

article thumbnail

How COVID-19 is Battering Australia’s Imports and Exports

Logistics Bureau

South Korea, $28.7 Freight transport services: Shipping and air freight are among the services most badly affected by the Coronavirus epidemic, and Australia will not be able to avoid the knock-on effect. Unprecedented challenges in forecasting and inventory sizing throughout 2020 and perhaps even beyond.

Australia 105