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What Should Supply Chain Management Teams Anticipate in 2023 and Beyond- Part Two

Supply Chain Matters

Procurement and supply management leaders will be expected to provide both leadership for supply resiliency and added value, but also supply network cost reductions. In the latter category, renegotiation of transportation and logistics contracts will be an obvious action as will analysis of other supply chain cost reduction opportunities.

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GrandVision: “We are changing completely as we become demand driven”

Supply Chain Movement

Now we have 4,000 SKUs carefully segmented into 21 exclusive high quality brands, which we sell globally, and 16 suppliers that are currently in China and Italy. We are transitioning our Chinese supplier base to other regions such as Bangladesh and Vietnam for labour cost and quality reasons. It is a very significant change.

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Top Considerations Around Reshoring in Today’s Supply Chain

QAD

Benefits such as low-cost labor, raw materials, cheap transportation, favorable regulations and proximity to suppliers were too good to pass up. India, Africa, Vietnam and Mexico also offer low-cost labor, but supply chains there must also be managed ethically and take time to build.

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Apple CEO Tim Cook’s Timely Visit to China

Supply Chain Matters

Countries such as India , Vietnam and others welcome an Apple supply network presence with open arms. India along with Vietnam have the potential to be other significant markets for smartphones and consumer electronics as employment and income levels increase over the coming years.

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2024 Predictions for Industry and Global Supply Chains- Prediction Two

Supply Chain Matters

The beneficiaries have been India and Vietnam from an Asia perspective and Mexico from a near-shoring perspective. The takeaway for various industry supply management professionals was that a belief that transportation cost and service levels might stabilize in 2024 is suspect as the year begins. exports to China declined 2.2

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Supply Chain Matters Editorial Commentary- Notions of Rethinking Global Supply Sourcing Strategies

Supply Chain Matters

The second aspect of this movement are media reports indicating that Apple has informed its major contract manufacturers that is wants to boost product sourcing outside of China , preferably India or Vietnam. These concerns involve not only manufacturing and supply networks but also technology, real estate and private equity investments.