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Preparing Your Supply Chain for 2023 – 4 Areas of Focus

Logility

We’ve already seen an example of this in late 2022, when the Biden administration acted to block the strike of thousands of railroad workers across the United States – an event that could have been catastrophic for U.S. Then we saw a glut of inventory hit the shelves in late summer when those bottlenecks were addressed.

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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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Build Resilient Supply Chains That Weather Disruptions 

Logility

Can the United States be far behind? This then provides new insights for faster decision-making, automated planning, and the elimination of time, inventory, and risk throughout your supply chain. For example, COVID restrictions in Asia shut down auto production because 70% of chip manufacturing happens in Taiwan and South Korea.

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

That stated, the January report noted that only two of the five PMI sub-segments, output and vendor lead times, were consistent with an outright improvement in operating conditions. Output reportedly rose in China , India and Brazil and fell more slowly in the Eurozone , Japan and the United States. and France being 43.1.

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

However, the published index indicated expansion level was rather mild, and was missing PMI data from South Korea which experienced a slight PMI contraction. Output reportedly rose in China, India, Brazil and the United States , while declines continued in the Eurozone , Japan and the United Kingdom.

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

Logistics Bureau

percent of the total, followed by the United States, at 8.8 United States, $21.774 billion – partner share 19.92 United States, $34.9 United States, $ 48.8 South Korea, $28.7 Source Australian Bureau of Statistics. billion (AUD), or 24.4 China, $37.3 Japan, $18.8

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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

South Korea has now become a concern as well as that regions manufacturing activity is now at a contraction level not seen since 2020. . . United States. Similarly, raw material inventories are accumulating due to the sudden and unexpected drop in production volumes.”. . South Korea.