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The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supplychains. This includes: Increasing domestic supplychain investments, reducing dependence on cross-border components.
A major earthquake in Taiwan. You have a supplychain risk management strategy in place. We have a problem.” The alternate source uses the same supplier in Taiwan. The problem is most companies are relatively immature when it comes to SupplyChain Risk Management. Then you get the e-mail.
Wikipedia Unleashing the Contrarian Here are my thoughts this morning over coffee: Gartner Top 25: Really A Celebration of SupplyChain Leadership? Designed to lift the profession and celebrate supplychain results, I struggle to find that the methodology supports either objective. The reason?
SupplyChain & Logistics News Round-Up Sept 23rd- 27th This week I was busy attending various Climate Week NYC events, allowing me to step outside my usual bubble of supplychain and sustainability. Now to the SupplyChain & Logistics News of the Week! Department of Energy.
Today, we published The SupplyChains to Admire for 2023. Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. I admit it.
Discover the top supplychain disruptions of 2024 and other significant supplychain trends from Resilincs exclusive data. The supplychain landscape in 2024 was characterized by significant transformations and challenges, with resiliency as a key theme across all industries.
John Ferguson, chief executive officer of TBM Consulting Group, discusses the importance of Taiwan to global semiconductor production, and tells how the supplychain would be impacted by China invading Taiwan.
The lack of clarity and discipline in the methodology gives the industry a false signal to define supplychain excellence. As a result, the top performers of CCL Industries, Clorox, Crocs, Cummins, L Brands, Lululemon, Monster Beverage, Paccar, Toro, and Taiwan Semiconductor never make the list. Does it matter? Yes and No.
Even prior to early April, a casual observer of todays ever-changing geopolitical landscape might have concluded that global supplychains are shrinking and that business collaboration is waning. Enlightened business leaders know, however, that global supplychains remain important. Computer chips are made in Taiwan.
Peter Tirschwell and Joe Lynch discuss the post-pandemic supplychain. Peter is Vice President in the Maritime, Trade & SupplyChain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
The global supplychain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. The impact varies by supplychain sector and value chain. The proliferation of products and capabilities is exponential with over 60% of capacity in Taiwan.
China’s announcement of military drills around Taiwan as U.S. House Speaker Nancy Pelosi visits the island is already having ripple effects across global supplychains, prompting detours and causing delays of energy shipments.
and China over Taiwan has thrown a spotlight on growing risks to one of the world’s busiest shipping lanes — even a minor disruption could ripple through supplychains. The standoff between the U.S.
Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for SupplyChains. Feature Article by Dr. Raymon Krishnan – President at the Logistics and SupplyChain Management Society. Firms must constantly evaluate and evolve their supplychains and leverage opportunities.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. According to the releas e , overall disruptions to global supplychains increased 38 percent on a year-over-year basis.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
These complex chips, made with valuable minerals, are key to so many supplychains that any disruption can have devastating ripple effects, including on personal livelihoods and national security. Major geopolitical tensions as well as environmental and forced-labor issues are putting strains on global production and supply of chips.
In business conversations, the term supplychain excellence rolls off the tongue frequently in meetings, but what does it mean? Supplychain excellence is harder to define than to say. We designed the SupplyChains to Admire Methodology to help companies define supplychain excellence.
Discover the top geopolitical risks set to affect the global supplychain this year. With the ongoing war between Russia and Ukraine, the Israel-Hamas War, and the crisis in the Red Sea, the shockwaves these conflicts sent throughout their nations and the world have been felt everywhere—especially in the supplychain.
Taiwan was hit by another 5.7 While not the business center of Taiwan (commerce is concentrated on the country’s west coast) Hualien is a popular tourism hub. While not the business center of Taiwan (commerce is concentrated on the country’s west coast) Hualien is a popular tourism hub.
Learn the best practices for supplychain risk management in 2024 from Resilinc, the gold standard for supplychain resiliency. As risk managers audit their vendors and programs at the start of the year, it’s also time to clean up old strategies and supplychain practices.
The recent weaponization of pagers and radios in Lebanon serves as a powerful wake-up call to CEOs and governments worldwide; businesses must improve supplychain visibility now. What does this mean for the future of supplychain risk management? Who Manufactured the Pagers and Radios?
The US and Taiwan announce new Trade deal The US and Taiwan signed a trade deal under the US-Taiwan Initiative on 21st Century Trade, marking the first agreement under this…
A Biden administration effort to untangle global chip supply snarls is facing resistance from lawmakers and executives in Taiwan and South Korea, complicating attempts to resolve the bottlenecks hurting industries from automobiles to consumer electronics.
So how is coronavirus impacting on business life and supplychain in particular? When the supplychain grinds to a halt, customers will have to jostle for priority. During the outbreak of the SARS epidemic in 2003, I was an expat in Taiwan. Buyers are working overtime trying to gain insight into the supplychain.
Taiwan Exports at a 14 Year low as Demand Woes Taiwan’s exports experienced their sharpest decline since 2009 in June, signalling concerns about the global demand slump for electronics and…
Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supplychain. In the intricate web of modern supplychain management, efficiency often guides decision-making. Single sourcing and sole sourcing are two different procurement strategies in supplychain management.
“Plan all you want,” writes Cyrus Hadavi , CEO of Adexa, “but disruptions are the supplychain’s real problem.”[1] Because global supplychains are constantly facing crises. In the first part of this article, I want to discuss some of the risks facing supplychains.
Truly resilient supplychains can only be built with complete visibility. The COVID-19 pandemic may have been the catalyst for the ongoing supplychain crisis, triggering economic slowdowns, layoffs, and production stoppages, but it is certainly not the whole cause. Recent SupplyChain Disruptions.
The impact of tariffs on supplychains is no longer abstract. From the new tariffs impact on supplychains to newer policy shifts between the U.S., For global businesses relying on real-time logistics and lean inventory models, the question is how prepared is your supplychain when tariffs hit?
With the recent visit of House Speaker Nancy Pelosi to Taiwan, as well as the passing of the CHIPS Act, the public and the media have more questions than ever regarding the semiconductor market. Primary among these is: what is the exposure to Taiwan of a Chinese attack and what is the risk of a semiconductor shortage?
magnitude earthquake that struck Eastern Taiwan on February 6th continues to have aftershocks, with plenty more expected to occur in the days ahead. SupplyChain Disruptions. As of writing, there have been 2 fatalities and 200+ injuries mostly in Hualien City.
Global based contract manufacturing services provider Foxconn announced this week the availability of an Advanced AI based large language model aimed at improving manufacturing and supplychain management services. Further noted is that FoxBrain is believed to be Taiwans first large language model with advanced reasoning.
The CHIPS Act was created in response to pandemic-induced shortages of semiconductors and other critical manufacturing supplies, causing widespread disruption to supplychains across the country. . In contrast, chip manufacturing has significantly increased in Taiwan, South Korea, and China over the same time period*.
I take supplychain seriously. I believe that better supplychain practices can save the world, and I think that it makes a difference in warfare and welfare. Today, when I talk about building the end-to-end value chain, people will look at me strangely and say “That is not supplychain.
Pushing the SupplyChain Reset Button by Lora Cecere , Founder, SupplyChain Insights SupplyChain Leaders Can’t Afford to Guess About the Future The global supplychain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics.
Supplychain professionals are certainly acquainted with risks and risk-taking; however, their principal concern is managing risks. ” However, not everyone appreciates the risks an organization’s supplychain faces. SupplyChain Risks Internal Risks • Production Control Risks.
Taiwan Earthquake: Initial Insights and Implications Client Alert briefing on semiconductor supplychain ramifications On April 3, 2024, Taiwan experienced its most significant earthquake since 1999, causing disruptions across Asia’s semiconductor supplychain.
It’s as true for supplychain planning as it is for battle planning. Joe Bellini, Executive Vice President of Product Management & Marketing at One Network, observes, “In supplychain management, we do our best to develop executable plans. Taiwan manufacturers 60% of global semiconductors.
This week, the company announced a reversal in manufacturing and supplychain strategy, as well as a major turnabout. The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer.
Subscribe to SupplyChain Game Changer. The Single Point of Failure in SupplyChain – Baby Formula! A major reason for the extensive damage caused by the breakdown of SupplyChains during the pandemic was because of broad based single points of failure. Subscribe Here! Email Address.
SupplyChain Matters provides readers with December 2024, Q4-2024 , and year-end global supplychain assessments as reported by various global wide PMI reporting. Both are key indicators to future supplychain momentum or growth. While activity levels declined slightly from the 56.5 It turned out to be 49.7.
Robots continue to be a larger part of global supplychains. One of the most difficult and expensive aspects of the supplychain is last mile and home delivery. When it comes to deploying robots, warehouse technology is more established, as the use of robots within warehouses is set to grow significantly.
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