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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. What would happen if China invaded Taiwan ? Tom notes, “The U.S. election will have a significant impact.”

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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

Although this does not help to avoid tariffs for the components of your product, companies may benefit from decreasing transportation costs as they move final transportation closer to their customers. Southeast Asian countries, Taiwan and India have become alternative manufacturing locales or sources of supply.

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Amazon’s Jassy Says AI Will Reduce Company’s Workforce

Supply Chain Brain

China Tech Fight Widens After Taiwan Blacklists Huawei More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox. Featured Product Popular Stories Report From DPW: What’s Next for AI in Supply Chain?

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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

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Studies Identify Top Supply Chain Disruption Risks

Supply Chain Matters

Geopolitical Instability with Increased Tariff Risk 80% Risk Score Reportedly, global supply chains face geopolitical threats that could disrupt trade networks and impact economies worldwide, including logistics, transportation and manufacturing industries. All rights reserved.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Taiwan Semiconductor Manufacturing (TSMC), the company that makes the majority of latest-generation chips for Apple products, has committed to increasing capacity by spending $100 billion across the next three years, and building new factories in Arizona and Japan.

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VW’s Scout Is Rethinking EV Designs to Cut Rare Earths, CEO Says

Supply Chain Brain

China Tech Fight Widens After Taiwan Blacklists Huawei More from this author Subscribe to our Daily Newsletter! trade negotiations with China. trade negotiations with China. RELATED CONTENT RELATED VIDEOS Global Trade & Economics Automotive High-Tech/Electronics Industrial Manufacturing Related Articles U.S.,