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The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

In Asia, Vietnam and Bangladesh are more important sourcing locations. VF also leverages Infor for production planning and Infor Nexus for supply chain visibility. VF had committed itself to largely selling goods to consumers in the same region they are manufactured in. That was too slow and inefficient.

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Risk Management in Global Ocean Context

The Logistics & Supply Chain Management Society

We can observe this quite clearly in the growth experienced in countries like Vietnam, India as well as Hungary and Mexico. The pandemic exposed the vulnerability of our supply chain to disruptions and demonstrated that a lack of visibility of cargo flow at a granular level, wasa major handicap in most instances.

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Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

BlueYonder

Lucky are the companies that can shift production to other countries like Mexico or Vietnam. This is where real-time visibility, AI, and machine learning (ML) come into the picture. The third is exports to China. At the same time, the collected data helps us to prepare for a similar crisis in the future.

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Collaboration: The New Battle Cry of Supply Chain

Supply Chain Network

Secondary markets like Vietnam and Turkey are also getting more attention. Bangladesh, Cambodia, and Vietnam experienced similar wage-related strikes and walkouts. But these “emerging markets” are no longer dependable “low cost producers” anymore. Let’s look at some examples….

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Malaysia offers sourcing opportunities but with ESG concerns

Resilinc

But China has been Malaysia’s largest trading partner for more than a decade, and the two countries are tightening trade ties through the Regional Comprehensive Economic Partnership ( RCEP ) that also includes Japan, Vietnam, Australia and 10 other Asian nations.

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The Power of Outsourcing for Supply Chain Improvement

Logistics Bureau

While China is less popular than it once was as a destination for outsourced manufacturing, you can still find partners there that will save you money on manufacturing, assembly, packaging, and other labor-intensive parts of your supply chain.

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

Supply Chain Matters

As the year 2022 comes to a close, business and supply chain focused media reports already point to increased supplier and manufacturing investment in regions such as Mexico, Eastern Europe , India, Vietnam and other regions. . Anticipated Supply Chain Business Process and Technology Enablement.