article thumbnail

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. South Korea based LG Chem announced this week a planned $3.2 Announcement.

article thumbnail

How 2011 Prepared Us for Today

ivalua

Large trading partners included China, the United States, Australia, and South Korea. Shortly before the Covid-19 crisis swept through Europe and North America, Forrester Consulting surveyed finance and procurement leaders at over 400 organizations to evaluate the need for effective procurement management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Told You So Moment for Akio Toyoda

Supply Chain Matters

The Chairman of South Korea based SK Group , a strategic battery supplier to Ford Motor , indicated to Bloomberg that amid the increased tensions between the U.S. and China, batteries for electric vehicles will remain higher for a longer period.

article thumbnail

This Week in Supply Chain Management Tech July 14 2022

Supply Chain Matters

The announcement comes five years after Panasonic Group began production of lithium-ion batteries at Panasonic Energy of North America (PENA) , referred to as Tesla’s Gigafactory , in Sparks, Nevada. The facility is expected create upwards of 4,000 jobs. Other battery manufacturers that have elected to invest in U.S.

article thumbnail

Helping You Plan Ahead During the Coronavirus Outbreak

CH Robinson Transportfolio

The empty container supply has also dwindled in regions where China trade has been a catalyst, primarily North America and Europe, this can have a ripple effect if these empty containers do not get repositioned back to China to support the increase demand that is anticipated at the tail end of March into April.

article thumbnail

More Evidence of Supply Chain Cost Inflation Impacting Various Industries

Supply Chain Matters

percent in North America. Samsung Electronics reported an over 21 percent rise in quarterly revenues for the South Korea based company, but the numbers reportedly ended a streak of three consecutive quarters of record revenue growth. The company’s organic sales grew 8.1 percent and volume growth of 1.7

article thumbnail

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

In South Korea , Hyundai announced the suspension of its production lines due to supply chain disruptions in China. However, empty shelves and stock-outs are already becoming commonplace in North America and ecommerce businesses are finding it increasingly difficult to maintain supply. Other Industries.