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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?

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Report- Hewlett Packard Modifying Global Sourcing Strategy

Supply Chain Matters

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

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Thailand Ecommerce Logistics for ASEAN Enterprises: Should You Go Local?

Logistics Bureau

The ecommerce market in Thailand has never been healthier and all the signs indicate huge potential for growth in the next few years. With the Thai government’s Thailand 4.0 Statistic: By 2022, Thailand’s ecommerce market is expected to be worth around $5.8 SOURCE: Statista. A logistics partner in Thailand.

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What is Supply Chain Resiliency?

Logistics Viewpoints

Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.

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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. We have a problem.” The alternate source uses the same supplier in Taiwan. This scenario played out for thousands of companies after the Japan earthquake, the Thailand floods and numerous other smaller scale disasters.

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How To Overcome Supply Chain Disruption

GlobalTranz

There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

However, we discern some added signs excess inventories and of production sourcing shifts. That is a positive sign Of continued interest was that India and Thailand indexes (included in our highlights below) reflected the quickest rates of expansion. China’s expansion was noted as marginal by the end of Q1.