Remove manufacturing-procurment
article thumbnail

The Dangers of Single Sourcing in Your Supply Chain

Resilinc

While it may seem smart to simplify procurement and lower costs, single sourcing can actually expose businesses to risks that can jeopardize their operations and bottom line. Single sourcing and sole sourcing are two different procurement strategies in supply chain management. What is single sourcing and sole sourcing?

article thumbnail

AmCham Survey Indicates China Strategic Investment is a Lesser Priority

Supply Chain Matters

Prediction Three of the report indicates : More Direct Control in Strategic or Tactical Material Sourcing Will Continue to be a Prominent Element of Business Strategy for Businesses and their Chief Supply Chain or Chief Procurement Officer Efforts. as one of many manufacturers exploring production sourcing beyond China.

China 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

VF had committed itself to largely selling goods to consumers in the same region they are manufactured in. In Asia, Vietnam and Bangladesh are more important sourcing locations. VF is having conversations with fabric manufacturers to encourage them to produce more fabric in factories outside of Asia.

article thumbnail

Rising Headwinds Reflected for Global Production Indices in March and Q1 2022

Supply Chain Matters

The Supply Chain Matters blog highlights March and Q1-2022 global manufacturing and supply chain indices, with the data indicating added headwinds and challenges in the months to come. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. The S&P Global US Manufacturing PMI™ reported a value of 58.8

article thumbnail

Added Evidence of Emerging Regionalization of Global Supply Networks

Supply Chain Matters

Locations that have benefitted from this sourcing shift are noted in the report as Vietnam and Mexico , the latter being a preferred nearshoring or friendshoring alternative. As an example, the authors point to Vietnam gaining ground in electronics, apparel and textiles, while Mexico has been increasing U.S. supply chain activity.

article thumbnail

Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part Two

Supply Chain Matters

2023 Prediction Three: More Direct Control in Strategic or Tactical Multi-tiered Direct Materials Sourcing will Continue to be a Prominent Element of Business Strategy for Chief Supply Chain or Chief Procurement Officer Efforts. . based manufacturing facilities had soared by over 116 percent. Prediction Background. Canada or Mexico.

article thumbnail

Accenture Study Provides Evidence of Supply Chain Resiliency Actions

Supply Chain Matters

We stated that procurement and supply management leaders will be expected to lead in supply resiliency efforts across product and business areas. In that same year, economists at Goldman Sachs indicated that supply chain resilience was now a top-of-mind topic for manufacturers and retailers. In 2022, more U.S. In 2022, more U.S.

Study 59