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. If something were to happen in Taiwan—like the recent 7.4

article thumbnail

How Current Trends Drive Tech Adoption and Better Ways of Working with Yash Rai

HICX Solutions

In this episode of the Supplier Experience Live podcast, we spoke with Yash Rai , Vice President, Procurement and Supply Chain Solutions at The Smart Cube. Yash has over 14 years of experience working in the procurement domain. He continues, “I think this is where the opportunity for best-of-breed tools and technology comes into play.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Global Manufacturing Activity Continues Downward Trajectory at the Close of 2022

Supply Chain Matters

Supply Chain Matters provides highlights of both December 2022 and full year reported global PMI indices that at the close of 2022 present a far different picture from the start of the year. Taiwan activity as reflected in the S&P Global Taiwan Manufacturing PMI® eased, rising from a depressed value of 41.6

article thumbnail

Who Should Be In The Winner’s Circle?

Supply Chain Shaman

I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation. During the presentation, I squirmed uncomfortably in my seat. The topic of the meeting was the logistics to launch of the AMR Research Top 25. Only 29% of manufacturers easily manage total cost trade-offs. The reason?

Gartner 235
article thumbnail

US Air Force Defense Acquisition and Contract Officers Come to NC State

NC State SCRC

We also looked at the supply chain for the Taiwan Semiconductor Manufacturing Company, and contemplated the net impact of a Chinese attack on Taiwan, and the devastation wrought on the global economy.

article thumbnail

Global Production Activity Levels Unchanged In May But Provide Added Warning Signs

Supply Chain Matters

Significant Deterioration for Taiwan The May S&P Global Taiwan Manufacturing PMI® report was headlined with business conditions across the country’s manufacturing sector deteriorating at a faster pace. The May PMI value of 44.3 dipped a significant 2.8 percentage points from the 47.1 reported in April.

article thumbnail

January 2023 PMI Reporting Points to Some Signs of Global Wide Easing

Supply Chain Matters

The economy has also yet to feel the full impact of higher interest rates which look set to rise further in the coming month, presenting a potentially challenging outlook for economic growth. Taiwan The January S&P Global Taiwan Manufacturing PMI® declined from 44.6 percent in 2022 which translated to 3.5