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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?

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Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

Many of the case studies being presented at today’s conferences were born during the pandemic and the post-pandemic turbulence. The audience assumes that the presenting company is outperforming. Watching the presentations, I wonder how we became so laser-focused on such a limited view of risk. The reason?

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Risk Management Can Be a Competitive Advantage, Part One

Enterra Insights

In the latest WEF Global Risks Report , the authors note, “Present and future risks can interact with each other to form a ‘polycrisis’ — a cluster of related global risks with compounding effects, such that the overall impact exceeds the sum of each part.” Data Theft/Data Vulnerability. The other risks are: 1. Reputational Risks.

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Building Value Networks. Stopping the Backward Slide.

Supply Chain Shaman

There is no network capable of connecting sourcing, logistics, manufacturing, and distribution together in the market today. Avoid slick presentations. If the presentation sounds too slick, it probably is. The only two successful and transformational public networks were driven by Walmart and Taiwan Semiconductor (TSMC).

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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. Sources; S&P Global and ISM, 2022. Global Manufacturing Activity Levels. but a significant 10.2 in November to 44.6 in November to 44.6

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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 compared to 52.5

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Staying ahead of the game: Mitigating against IT constraints

Proxima

This new world presents a huge opportunity for businesses whether it’s a truly connected global workforce or improved customer experience. Then, as if a global pandemic wasn’t enough to contend with, we saw a series of natural disasters which included the flooding of semiconductor factories in Taiwan. Alexa, turn on the lights.