This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
auto parts are sourced from Mexico, making the tariff impact immediate and severe. Industry Mitigation Strategies To counteract the rising costs and supply chain delays, technology firms are focusing on: Expanding manufacturing capabilities in non-tariffed countries like Vietnam, Thailand, and India. Approximately 40% of U.S.
This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. This scenario played out for thousands of companies after the Japan earthquake, the Thailand floods and numerous other smaller scale disasters.
There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.
Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.
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?
Source: CSCMP. PTT , Thailand’s largest oil and gas company, leveraged analytics for network optimization using an AIMMS App. L everaging analytics at scale is hard. As the graph below shows, lack of talent , investment in hardware/software and siloed data are among the most common challenges. .
With China already a source for semiconductor raw materials and the China/India end consumer market growing, there will be pressure to supply chips and hard drives to local China/India OEM’s first. Cost pressures and faster time to market in the planning processes will be required. Global pressure. Supply Chain Length. Growing Complexity.
Transportation is, of course, a major source of green house emissions. For example, if they buy a component for their hardware products in Thailand, they have an estimate for the logistics emissions associated with the component. That is more than any other sector.
Or how did trinkets made with ivory, whose trade has been globally banned since 1989, find its way to a black market in Thailand? So how did an African pangolin end up in a food market in China? With the help of an efficient transportation network that reaches every corner of the world!
The Green Corridor: Resilience from Diversification by Timothy Foote, Founder of Susymbio Access to Sustainable Power is the Challenge of Our Time, but when clean power sources are diversified it promises more stability for our future. Sadly, Malawi’s most used local source of power is its shrinking forests.
Global Supply Chain & Sourcing Director for ECCO Global Shoe Production & Sourcing. Whilst I am Australian born, I was fortunate to have had an educational background spanning 3 continents, Australia, Thailand/Singapore and Denmark. Consolidating the global sourcing activities is an ongoing challenge and reward.
We saw this type of issue over the past several years with the Japan earthquake / Tsunami in and with the Thailand floods. Mitigating Risk – inventory tracking and dual sourcing are considered to be the most effective risk mitigation strategies. These are the types of issues that impact supply for an entire region.
2011: Thailand Floods. Cross-functional team, part standardization, back-up suppliers, dual-sourcing, supplier collaboration are the basic foundation that is tried and true. So the alternative sources should be in totally different locations or ideally, in the different countries. 2009: H1N1 Outbreak in Mexico. A Case Study.
Brian Grass - Chief Financial Officer We also began dual sourcing more of our production and are now intensifying those efforts even further. We began to build out our internal Southeast Asia sourcing capabilities to accelerate supplier transitions out of China and in many cases dual source our production. billion to $1.6
Customer service, parts shortages, unprecedented inventory growth, and warrant management can actually take up internal sources and affect profit margins. Source: Vietnam Briefing. Ecommerce businesses are being overwhelmed by these concerns. This makes it difficult to focus on the business itself. Vestring et al. Organizing a visit.
The ecommerce market in Thailand has never been healthier and all the signs indicate huge potential for growth in the next few years. With the Thai government’s Thailand 4.0 Statistic: By 2022, Thailand’s ecommerce market is expected to be worth around $5.8 SOURCE: Statista. A logistics partner in Thailand.
Source: CSCMP. PTT , Thailand’s largest oil and gas company, leveraged analytics for network optimization using an AIMMS App. L everaging analytics at scale is hard. As the graph below shows, lack of talent , investment in hardware/software and siloed data are among the most common challenges. .
Reducing reliance on different modes of transport or a single source location, while diversifying collaborative relationships within the market is key defensive strategy. In Asia in particular, we see the market looking to multiple low-cost locations such as Vietnam or Thailand, away from reliance on China.
Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.
The alternative supply chain or “ Altasian” is defined as countries consisting of Japan, South Korea, Taiwan, India, the Philippines , Indonesia, Singapore, Malaysia, Thailand, Vietnam, Cambodia and Bangladesh. billion in population will be the linchpin of an alternative sourced Asian supply network. One example indicated was that U.S.
As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. Strategic sourcing with Cloud ERP.
From a supply chain sourcing perspective, a consistent theme in media reporting has been exploration or hints for added Apple supply chain sourcing. Production currently sourced include products such as iPad , AirPod and the Apple Watch. These latest overtures for new sourcing activities can be interpreted in many dimensions.
Back in 2015, Nestlé committed itself to “be an industry leader in determining where the seafood [in its supply chain] is coming from and demanding it is Sourced Responsibly.” and European countries that purchase much of Thailand’s seafood exports. .” The fishing industry case study. “[5]. “[5].
Let’s cover just three areas where ERP drives greater sustainability: Responsible Sourcing – Manufacturing ERP systems support efforts to identify responsible, sustainable sources of materials. Sustainability is a topic of growing importance for customers, investors, governments and manufacturers across the globe.
This could mean reducing fuel consumption, machine CO 2 emissions, or transitioning their energy to hybrid, electric or hydrogen sources. By accumulating these accomplishments, Kobelco hopes to serve as a source of best practices to others in the manufacturing industry with similar challenges and aspirations. Supply Chain Instability.
The company was using spreadsheets to source its materials. PTT , the largest oil and gas company in Thailand, is a good example.The company was using a solution for global supply chain planning but they found this solution too restrictive. Let’s take an example from one of our clients in manufacturing.
Source: Various published PMI reporting, 2024 and compiled by Ferrari Consulting and Research Group LLC This same global wide indicator ended 2023 at a value of 48.8 The consumer goods sector was contrasted with output rising for the seventeenth consecutive month. and thus 2024 provided a 0.8 On a year-over year basis, this index rose 1.1
COVID-19 and the Future of China Sourcing and Manufacture. Furthermore, Chinese suppliers may not look too kindly on the loss of business and may make it difficult for such enterprises if they need to source Chinese-made components or raw materials in their future operations. Stable economy focused on manufacturing. Religious tensions.
This is how Western digital managed to restore its operations after the flood in Thailand much sooner than its competitors. - For example, a partner that has been a stellar performer that experiences a decline, whether a sharp drop or a repeated gradual erosion, is a source of potential disruption that has yet to be realized.
Updates in the past few months address new requirements for Austria, Belgium, Bulgaria, Norway, Thailand and other global regions. . With this release, QAD adds the ability to readily capture supplier risk information from trusted sources to better address sustainability goals and risk mitigation objectives.
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. Industry makes up 30.1% of Japan’s GDP.
Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.
Business costs will rise for those who are sourcing some or most of their raw materials or goods from China. China, Thailand, Vietnam, Indonesia, and Malaysia produced Japanese branded goods. Other likely recipients may include Thailand, Malaysia, Vietnam, and the Philippines. So, the inevitable will happen.
In this short article, I’m going to explain why not knowing the cost to serve (CTS) is a mistake that could be limiting the profitability of your business operations in Thailand. SOURCE: Article by Cerasis Logistics. In fact, the concern about cost to serve in Thailand should not be limited to businesses serving Bangkok.
The few pockets of production expansion were noted to be within Asia , including India, Indonesia, Thailand and the Philippines. Report authors suggested that the domestic market was the main source of new business growth while international demand role slightly in January. rising one percentage point from the 47.8 compared to 52.5
The company was using spreadsheets to source its materials. PTT , the largest oil and gas company in Thailand, is a good example.The company was using a solution for global supply chain planning but they found this solution too restrictive. Let’s take an example from one of our clients in manufacturing.
As an example, Siam Cement Group in Thailand is adapting its supply chain design and strategies during the pandemic (as detailed in the table below). Companies emphasized offshore sourcing, single suppliers, and centralized warehousing to optimize their operations.
Now they want to know what acre of land it was grown on, the source of the water and the living conditions of the workers.” Taking Ford as an example, the company is working with key suppliers in China, India, Thailand and South Africa to eliminate over 4,900 metric tons of CO2 and 24 million gallons of water usage over the next three years.
Sources: [link] [link] [link] [link] The average Supply Chain Manager salary in Singapore is $111,916. Salary ranges can vary widely depending on many important factors. These factors include education, certifications, additional skills, and the number of years you have spent in your profession.
Any performance management program you implement should therefore focus on the integrity and ethical responsibilities of your suppliers’ sources, as well as on service performance and collaborative initiatives.
Thailand, $13.9 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. United States, $34.9 billion – partner share 13.6 Japan, $18.8 billion – partner share 7.3
Little did we know that 2011 would bring earthquakes in New Zealand, a tsunami in Japan and record floods in Thailand which, looking back made 2010 look like a cake walk. At the start of 2011, I wrote a blog (Supply Chain Risk and Charles Darwin) that highlighted 2010 as the worst on record for supply chain disruptions.
Whereas, among a grouping of developing regions consisting of China, India, Indonesia, Mexico, Vietnam and Thailand , production and supply chain activity levels declined 2.4 percentage points from Q1 to Q2. percentage points in the same Q1 to Q2 period. Summary Thoughts. Stay tuned. Bob Ferrari. All rights reserved. .
For organizations that source products from suppliers in remote regions, blockchain can provide clarity in an otherwise murky journey from harvest to retail. For organizations that source products from suppliers in remote regions, blockchain is an essential tool that can provide clarity in an otherwise murky journey from harvest to retail.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content