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Mid-Year Assessment of 2022 Supply Chain Sourcing Predictions- Part Two

Supply Chain Matters

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

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Innovative Approaches to Supply Chain Risk

Kinaxis

This key supplier had been identified and sure enough, you have a second source primed and ready to go. A few hours later, your procurement head walks in the office. “We We have a problem.” The alternate source uses the same supplier in Taiwan. Efficiency programs like lean drove us to reduce suppliers and cut inventory.

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Toyota Encounters Systems Related Production Shutdown

Supply Chain Matters

Global auto producer Toyota encountered a “ systems related ” shutdown of auto production operations across Japan according to multiple news reports. A company statement indicates that the automaker was scheduled to resume production operations by the start of the second work shift today among its 14 Japan based production plants.

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

The Logistics & Supply Chain Management Society

These changes can significantly impact supply chains by affecting sourcing strategies, trade routes, and market access. 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.

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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. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK.

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The Single Point of Failure in Supply Chain – Semiconductor Fabrication!

Supply Chain Game Changer

I am a proponent of dual sourcing. The vulnerabilities with sole sourcing are very real. The concept of only bringing in inventory on demand is very compelling when inventories are considered costly, wasteful and cash drains. Subscribe to Supply Chain Game Changer. I believe in all of the above. Whereas the U.S.

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6 Steps to Supply Chain Resilience

ThroughPut

Capacity and inventory buffers: Building buffer capacity is the simplest way to build supply chain resilience, whether by way of maximizing productivity or building inventory to ensure that stockouts never happen – while at the same time ensuring that overstocking and wastage are never an issue.