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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. What is single sourcing and sole sourcing?

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Added Evidence of Emerging Regionalization of Global Supply Networks

Supply Chain Matters

Locations that have benefitted from this sourcing shift are noted in the report as Vietnam and Mexico , the latter being a preferred nearshoring or friendshoring alternative. As an example, the authors point to Vietnam gaining ground in electronics, apparel and textiles, while Mexico has been increasing U.S. supply chain activity.

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Rising Headwinds Reflected for Global Production Indices in March and Q1 2022

Supply Chain Matters

While developed regions have managed to sustain some production momentum, there are growing concerns related to continued high levels of cost inflation and added global transport disruption. The S&P Global Vietnam Manufacturing PMI® declined to a value of 51.7 Source: JP Morgan and S&P Global, March 2022. for February, and 53.7

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Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part Two

Supply Chain Matters

2023 Prediction Three: More Direct Control in Strategic or Tactical Multi-tiered Direct Materials Sourcing will Continue to be a Prominent Element of Business Strategy for Chief Supply Chain or Chief Procurement Officer Efforts. . In this Part Two posting, we provide highlights to Prediction Three outlined in our advisory.

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Foxconn’s Prime Facility Producing Apple iPhones Impacted by Covid

Supply Chain Matters

Foxconn acknowledged that it was providing local transportation for workers to return to their various residences. If that is correct, then the likely alternatives would be India and Vietnam. Other hardware products such the Apple watch are produced in China and Vietnam. Latest Information.

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Relatively Cautious Global Production and Supply Chain Indices for February 2022

Supply Chain Matters

Global wide production, transportation and logistics activity levels reported for February, but continued rather concerning data related to global transportation service levels and cost. The IHS Markit Vietnam Manufacturing PMI® rose again to a level of 54.3 Global and Domestic Transportation and Logistics Indices.

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Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea.