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What Caused the Baby Formula Shortage + 7 Ways Consumers and Companies are Coping

ToolsGroup

And things have only gotten worse: As of May 8th, the state of Tennessee hit out-of-stocks of 54.7%, with eight metro areas facing shortages of 50% or more. Data also shows that half of US states are experiencing out-of-stock rates between 40% and 50%: Image source: Flipboard. Image source: Sturgis Journal.

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Additional Investment in US Based Automotive EV Supply Networks

Supply Chain Matters

Supply Chain Matters highlights an additional strategic sourcing announcement involving the future production of electric powered autos and vehicles in North America. Announcement. South Korea based LG Chem announced this week a planned $3.2 The facility reportedly will supply battery component needs for U.S. Under new U.S.

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Supply Chain Matters News Capsule Update- March 28 2024

Supply Chain Matters

In conjunction with the reporting of 2023 financial performance, the California based EV maker announced that the company would lay off upwards of 15 percent of its current staffing, amid cash and ongoing business and supply chain related challenges. The company reported a cash balance of slightly over $325 million at the end of 2023.

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

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Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. This compilation is based on the most currently available company revenue data (between 2018 and 2020) without factoring in any other metric. Kuehne + Nagel Inc. Revenue: $14.2

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Made in America Gifts For the Holidays

Material Handling & Logistics

Americans prefer to purchase a product that was made in the U.S. In an Associated Press-GFK poll in 2017 year found nearly 75% of Americans prefer to purchase American-made goods. According to a 2015 report from the Economic Policy Institute, the U.S. million manufacturing jobs between 1998 and 2013. . How much more?

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