Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

Reason #6 Not effectively managing inventory. A bad decision can result in missed orders, significant inventory, or scrapped materials. By doing this, they could potentially save the company millions of dollars in excess inventory.

Prep Your Supply Chain for Super Typhoon Soudelor

Elementum

Update 8/09/2015, 18:03 PST: Tropical Storm Soudelor to Hit South Korea on August 11. Tropical Rainstorm Soudelor, which continues to inundate eastern China, is moving northwestward to hit South Korea on Tuesday, August 11, threatening to bring heavy rains and isolated flash flooding.

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Lessons from Hanjin: is Your Supply Chain Still at Risk?

Elementum

South Korea’s Hanjin is stuck (literally). A South Korean court has petitioned Korea’s state-owned bank to help fund the company. Even if a company doesn’t have a direct deal with Hanjin, their inventory may still be affected.

This Week in Logistics News (September 12-16, 2016)

Talking Logistics

Keeping track of warehouse inventories with an army of fully autonomous drones (TechCrunch). According to a Reuters report: As of Wednesday, of Hanjin’s 97 container ships, 36 were waiting outside of overseas ports, according to South Korea’s finance ministry.

Harvey’s Impact on the Global Supply Chain: The Role of Analytics

NC State SCRC

For instance, when Typhoon Hato hit South China last week, several electronic suppliers were impacted. South China will be exposed to hurricanes, and South Korea which is next North Korea (and the location of production of 50% of the world’s semiconductors) is in a precarious situation.

Distribution in China takes a detour

Supply Chain Movement

That leads to extra inventory and extra costs and hence necessitates a substantial level of turnover in order to be financially feasible. In 2012 the company decided to seriously push for success in the Chinese, Japanese and South Korean markets.

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Hanjin Bankruptcy Demonstrates Fragility of Ocean Freight Market Prior to “Black November”

NC State SCRC

This challenge has been also impacted by the growing discontent on the part of retailers and customers who are unhappy with the trend towards larger slow-steaming ships, which leaves more inventory on the water for a longer period of time. Also, American Shipper reports that a federal bankruptcy judge on Tuesday granted Hanjin Shipping’s request to have its rehabilitation in bankruptcy court in Korea be recognized under the U.S.

Chill Pill Has a Whole New Meaning for Pharma Supply Chain

Aera Technology

Meanwhile, pharma companies are still trying to iron out distribution and inventory complexities that cause another $25 billion in excess inventory – in a nutshell, the new drugs are complex proteins and if they’re not properly handled every step of the way to market, they’ll go bad!

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Inventory Turnover Breakthrough … Go Back To The Basics! For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Subscribe Here! Email Address. Article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. Change is inevitable in modern supply chain management, and risk management is essential to success.

5 Ways To Improve Your Import-Export Business Now

EMERGE App

In Japan and South Korea, it’s the LINE messaging app. And for Europe and South-East Asia, it’s definitely WhatsApp. Inventory management software such as EMERGE App allows you to use as many currencies as you need in your business. Introduction.

Top 10 New Year’s Resolutions for Wholesalers in 2019: Drop Those Bad Habits from 2018

EMERGE App

If you’re still not convinced about using inventory management software , then perhaps the benefits might sway you over. South-East Asian nations such as Malaysia, Vietnam, and the Philippines are ready with substitutes or alternative suppliers. Value Your Inventory.

What the Rest of the World Can Learn from Shopping Days in China

EMERGE App

Your business needs a multi-channel sales strategy as well as an inventory management system that can handle just about any sales channel thrown at it. Elsewhere, Japan, South Korea and Taiwan celebrate what is called White Day on 14th March. Introduction.

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Navigating the Future in an Uncertain Political and Regulatory Environment

NC State SCRC

There are some talks going on between North Korea and China, and as China buys a lot of coal from North Korea, so this may take a while in terms of pressure, but the two at least are in talks following Trump’s visit with the Chinese leader.