article thumbnail

Keep These 6 Geopolitical Supply Chain Risks on Your Radar in 2024

Resilinc

In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. Notably, as of December 2023, China mandates export permits for specific types of graphite , citing national security concerns.

Russia 101
article thumbnail

Implications of Apple Securing Semiconductor Fab Supply from the United States

Supply Chain Matters

These are the smallest and most technology advanced chips currently available, and for the most part, production has come directly from the chip maker’s Taiwan based facilities. Industry speculation was such that TSMC would continue to utilize its Taiwan base as the focal point for advanced fab capabilities. Added Perspectives.

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Ins and Outs for Supply Chain Risk Management in 2024

Resilinc

Picture this: a critical part of your product is only made in one factory in Taiwan. This is very possible, considering 60% of the world’s semiconductors are made in Taiwan. In this case, what would happen if China invaded Taiwan? However, in 2023, the average cost of a data breach worldwide was $4.45

article thumbnail

Innovative Approaches to Supply Chain Risk

Kinaxis

A major earthquake in Taiwan. A few hours later, your procurement head walks in the office. “We We have a problem.” The alternate source uses the same supplier in Taiwan. Inventory management Supply chain risk management IBM Japan Natural disaster Risk management Supply chain Taiwan Thailand' Then you get the e-mail.

article thumbnail

Meet Peter Guinto, Resilinc’s VP of Government Affairs

Resilinc

Peter Guinto capped his 12-year Air Force career in procurement by serving on the federal COVID supply chain task force and becoming head of contracting for the Medium-altitude UAS Division—the unit responsible for keeping the United States’ edge in warfighting drones. As originally reported by Defense News , $14 billion worth of U.S.

article thumbnail

Bipartisan Consensus on Chinese Threats: U.S. Must Build New Supply Chains with Allies

Resilinc

While the pandemic has given procurement managers fresh ammunition to advocate for greater resiliency within their corporate supply chains, geopolitical experts and a bipartisan coalition of legislators argue that the U.S. companies should not consider global semiconductor leader TSMC a secure long-term supplier. allies,” said Goto.

article thumbnail

TSMC Plans for First European Based Semiconductor Chip Plant

Supply Chain Matters

These moves are further reinforcement that semiconductors are the new oil that drive economic growth and domestic security. The announcement was widely anticipated and comes as EU nations have expressed strategic policy needs to reduce existing reliance on Chinese and Asian based advanced technology imports including Taiwan.