Your supply chain is costing you money – Reason #10 Failure to adequately train your supply chain planning staff

Kinaxis

They use their knowledge of how planning systems work to peg up to find the source of the change and determine that someone changed the wrong record causing the change and confirm with the planner that the change was intended. One very good source of supply chain training is APICs (American Production and Inventory Control Society).

Shortages in Medical Supplies Linked to Imports

Logistics Trends and Insights

Other countries including South Korea, India, and Taiwan, as well, are blocking exports of medical supplies to save them for their own citizens, leaving the U.S. However, surgical gowns, typically sourced from China, were at near-normal levels because the sourcing shifted to Honduras. Sourcing from alternative locations will be important as long as the countries have not been severely impacted by the pandemic.

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The Coronavirus Is Shattering Traditional Supply Chains

ivalua

On February 4, Hyundai Motors announced suspension of production at seven of its plants in Korea. In the meantime, Hyundai’s supply-chain radar was able to quickly identify two South Korean wire harness makers who were looking for opportunities to increase production at their own factories in South Korea and elsewhere in Asia, to compensate for disruptions to the Chinese supply chain.

Coronavirus impeding supply chains worldwide

USC Consulting Group

Japan and South Korea, are taking actions to more effectively contain the virus, China has received the brunt of the fallout. Knowledge Transfer Process Improvement Supply Chain Continuity Plan Coronavirus COVID-19 Process Continuity Sourcing Supply Chain Management Supply Chain OptimizationFor as much as the novel coronavirus has saturated the headlines over the last month or so, several aspects of the contagion remains shrouded in mystery.

Prep Your Supply Chain for Super Typhoon Soudelor

Elementum

Update 8/09/2015, 18:03 PST: Tropical Storm Soudelor to Hit South Korea on August 11. Tropical Rainstorm Soudelor, which continues to inundate eastern China, is moving northwestward to hit South Korea on Tuesday, August 11, threatening to bring heavy rains and isolated flash flooding. Mitigation Best Practices: Identify inventory, impacted manufacturing sites, alternative sources, and re-align production schedules.

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The Urgency To Transform Vietnam Cold Chain Logistics

Abivin

Currently, Vietnam is one of the five largest fruit and vegetable exporting countries in the world thanks to strong growth in markets such as China, Japan, the USA, Russia, Indonesia, Taiwan, and South Korea (2). The lack of transport facilities. ,, Image Source.

The Urgency To Transform Vietnam's Cold Chain Logistics

Abivin

Currently, Vietnam is one of the five largest fruit and vegetable exporting countries in the world thanks to strong growth in markets such as China, Japan, the USA, Russia, Indonesia, Taiwan, and South Korea (2). The lack of transport facilities. ,, Image Source.

How COVID-19 is Battering Australia’s Imports and Exports

Logistics Bureau

South Korea, $28.7 Source Australian Bureau of Statistics. Refined petroleum: Australia sources most of its refined petroleum products from Singapore, which, with 138+ confirmed cases, is also in the COVID-19 firing line. Figures from the Australian Bureau of Statistics show that China is Australia’s largest trading partner by far, with two-way trade amounting to $194.6 billion (AUD), or 24.4

Country Risk Scores Mapped and Explained

EcoVadis

RSF calculates each country’s Freedom of the Press score based on two sources: 1) quantitative research 2) journalist survey responses. The second source, the journalist survey is completed by at least 5 journalists in every country. Highlights of most recent update: Eight countries increased their risk level this includes Chile, Greece, Hungary, Turkey and South Korea. As an additional service to our customers, EcoVadis provides profiles on over 150 countries.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. The strength of DSV Panalpina is the strong network of trucking in Europe, North America and South Africa. billion (2019) Headquarters: Seoul, South Korea CEO: Keun-Hee Park 11.

Supply Chain Lessons From Samsung’s Galaxy Note 7

Elementum

and South Korea were getting replacement units with batteries from a different supplier. Samsung’s strategy of sourcing a majority of Note 7 batteries from one supplier was problematic, market research firm TrendForce pointed out. The debacle over Samsung’s overheating flagship phone is far from over.

Helping You Plan Ahead During the Coronavirus Outbreak

CH Robinson Transportfolio

Similar to China, airlines have canceled majority of passenger flights in and out of Europe and South Korea due to safety concerns and lack of travel demand. Backup sourcing options. The current backlog in China is a prime example of the importance of a diversified supply chain – including modes of transportation, carriers and sourcing locations.

Chinese New Year Shutdown 2020: How to Prepare

ShipBob

In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. If you’re unsure about the trustworthiness of your supplier (or if trying to communicate gives you a headache), sourcing platforms like Sourcify help you find pre-vetted factories and communicate with them clearly.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

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. In the future, businesses will diversify their supply chains and source locally so they are not as dependent on one procurement source as they are now.

Potential Food Sector Ramifications of the Covid-19 Pandemic, Part 1

Enterra Insights

His insights, drawn from numerous sources, deserve a broader audience. A study found a high demand for more takeaway food and home food deliveries, particularly in Hong Kong, South Korea, and Thailand. We are all keenly aware of how the Covid-19 pandemic has disrupted our lives., including the ways we shop and dine.

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Top 6 Wholesale Distribution Trends for 2019

EMERGE App

Business costs will rise for those who are sourcing some or most of their raw materials or goods from China. Less affected are Singapore, South Korea, and Thailand. But it’s already happening as wholesalers, distributors, and importers source alternatives from other countries and place tentative orders. Only South Korea, Indonesia, and Myanmar may see a muted effect in switching away from Chinese exports. Introduction.

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

This pandemic clearly showed that the global digital infrastructure and global apps have been instrumental in instant communication, business continuity as well as reducing COVID-19 spread in such countries as South Korea and Singapore. The AI/ML-driven platform automatically made demand-driven adjustments and provided a realistic view of the future requirements based on the estimate of the pandemic from external sources such as WHO.

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

This pandemic clearly showed that the global digital infrastructure and global apps have been instrumental in instant communication, business continuity as well as reducing COVID-19 spread in such countries as South Korea and Singapore. The AI/ML-driven platform automatically made demand-driven adjustments and provided a realistic view of the future requirements based on the estimate of the pandemic duration coming from external sources such as WHO.

Four Risk Mitigation Actions for Weathering a Stormy Market

TMC

It’s one of many changes that are reshaping the struggling container trades, which are still feeling shock waves from the decision by South Korea’s Hanjin Shipping Company to file for bankruptcy in August. Although container shipping is in dire straits with several other lines at risk of failure or in the throes of restructurings, it is by no means the only source of unpredictability in freight markets. Four Risk Mitigation Actions for Weathering a Stormy Market.Connect.

Distribution in China takes a detour

Supply Chain Movement

China is not only an attractive market in terms of sourcing and manufacturing but also for the sale of goods due to the rapid growth of its middle class. In 2012 the company decided to seriously push for success in the Chinese, Japanese and South Korean markets. From there the pushchairs are shipped to local DCs in China, Japan and South Korea for crossdocking and transport to retailers.

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Top 10 Global Supply Chain Risks

Supply Chain Game Changer

For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Source raw materials from reclamation centers where possible. Although systems can be integrated through open-source software, integration and modification of systems increase risk. Subscribe Here! Email Address. Inventory Turnover Breakthrough … Go Back To The Basics!

Reversing globalisation: Near shoring, reshoring or staying put?

EFT

So, a lot of the manufacturing that is happening, for example, in Japan and Korea, depends on parts that come out of China. We have seen Chinese companies move to factories to South East Asia. That might be China, or South Korea, or Japan, or might now possibly be Vietnam. It will take a bit of time to be implemented and it will be a combination of increasing stock and near-shoring and double-sourcing.”.

How to Speedily Adapt your Business for Online Order Delivery

Logistics Bureau

For example, in South Korea, 70 percent of consumers say they plan to shop online. Covid 19 Global SourcingHow to Adapt Your Business for Online Order Delivery—Quickly. According to research, the COVID-19 pandemic will make a substantial percentage of consumers turn to online shopping. The figures for other countries are also impressive—42 percent in Spain, 41 percent in German, 39 percent in Russia, and 36 percent in France, as revealed by a recent study.

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. In South Korea , Hyundai announced the suspension of its production lines due to supply chain disruptions in China.

What Your Global Forwarder Must Know about Importing to China

CH Robinson Transportfolio

Most imports come from Europe, Association of Southeast Asian Nations (ASEAN), South Korea, Japan, and United States, respectively, based on import value. Source: [link] ). While the stock market in China has been volatile lately, the Chinese middle class continues to grow and buy. That makes China a highly attractive market for imports, if you have a logistics provider who knows how to deliver your imports. With 1.35

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China Exports Rebound Even as Western Markets Face Lockdown

Logistics Bureau

Crew changes on ships arriving from countries where there have been “severe” outbreaks of COVID-19, such as South Korea, Italy, Iran, Japan, France, Spain, Germany, the US, and the United Kingdom, are forbidden at Chinese ports except under strict quarantine conditions. China says almost all of its major industrial companies have resumed production and that its ports are again running at near-full capacity after a two-month Coronavirus-linked shutdown.

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Global electric vehicle demand drives scramble for fresh supplies of vital metals

EFT

Chinese, Japanese and South Korean companies are all working to build-out their battery production infrastructure at a rapid pace. Both Japan and South Korea have extensive battery fabrication operations, and major companies in both nations plan to expand their capacity over the next decade. Asian battery producers have limited options when it comes to sourcing essential metals regionally.

Doing Business in Japan

QAD

Though, as the country has relied less on nuclear energy and imported fuels, thermal power has become the country’s largest energy source. Japan is also enabling alternative power sources that should help the manufacturing sector. China, South Korea, Hong Kong and Thailand. Australia, South Korea and Saudi Arabia. Japan has been an economic power throughout much of its history, despite a major economic downturn starting in the 1990s.

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Letter from the CEO: Coronavirus Market Update

Transplace

Transshipment ports such as Busan Korea (5th busiest box port) are struggling with congestion due to all the volumes of containers discharged at intermediary ports while carriers were diverting vessels and offloading refrigerated containers due to lack of plugs available at Chinese ports. Carmakers and electronic manufacturers in South Korea and Japan are reporting production line shutdowns. Letter from the CEO: Coronavirus Market Update.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Strategies include sourcing more items directly from manufacturers to improve margins, SKU rationalization and space reduction, “show more carry less” and assisted-store ordering. Belk experienced substantial growth in its e-commerce business in 2011 and 2012, leading to the expansion of its original North Carolina fulfillment center plus the opening of an additional 515,000 square foot fulfillment center in South Carolina.

Are big airports losing the competition for passengers?

DELMIA Quintiq

In another survey by the UK’s Civil Aviation Authority , the most frequent sources of passenger dissatisfaction were: – long waiting times. South Korea’s Incheon International Airport is one the largest and most successful airports in the world. Imagine you’ve been asked to predict whether someone will choose to travel from airport A or airport B. Assuming that both offer regular flights to the relevant destination.) What’s the first question you should be asking?

How to be Productive during the Global Lockdown: The ThroughPut Playbook to Maintain your Output Levels

ThroughPut

South Korea has “flattened the curve” in part with mass drive-through-testing in record time and volumes, and high-throughput tests are finally becoming more available in the US, even if the testing kits and support materials are still in short supply and erratic in distribution. The CDC website is the most accurate source of information on COVID-19.

This Week in Logistics News (January 22-26, 2018)

Talking Logistics

Alibaba’s logistics arm works on driverless technology as automation pace picks up (South China Morning Post). Moving on to global trade news, the Trump administration imposed tariffs this week on solar panels and washing machines imported from Asia, which may trigger a trade war with China and South Korea (both countries have already suggested that they will take retaliatory action).

How Are New Tariffs Going to Influence the Global Supply Chain?

AFFLINK

From the supply chain side of the equation, this means that it's going to be difficult to get everything from parts to equipment that aren't sourced in the United States - thus making items like solar panels more costly to manufacture and more expensive for consumers as well. Samsung (which is based in South Korea) says that this particular tariff will lead to consumers paying more money for fewer choices, which could ultimately lead to lower employment in certain key locations.

What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

In fact, JOC.com sites many Southeast Asia countries—including India, South Korea, Taiwan, Thailand, and Indonesia—have significantly grown their imports into the United States, anywhere from 13-37% compared to last year. This shows importers are shifting their sourcing locations to countries other than China. Reoccurring events—like the holiday season—used to provide some level of predictability to ocean shipping trends in the transpacific eastbound (TPEB) trade lane.