As China’s continued policy of zero-COVID is causing more lockdowns in Shanghai, including factories. This is not only hurting the factories, who are already having problems with not only getting product out to their clients but also retaining workers due to all the lockdowns. As we mentioned last week, some clients are looking elsewhere to…
With all the global supply chain shocks of the last two to three years, supply chain managers are mitigating supply chain risks by increasing supplier relationships where it used to be around 1-2 suppliers to now 3-4 different suppliers. Not only that, but in 2020, American manufacturers sourced materials from six times more suppliers in…
For decades, China has been known as the world’s manufactory. But as strict lockdowns continue in China causing chaos in already disrupted supply chains, some companies simply cannot wait anymore. People like Liz Reisch Picarazzi, CEO of Citibin, has already started the process of moving her manufacturing out of China and closer to her. While…
The last three years dealing with a global pandemic in addition to other supply chain shocks has put a spotlight on how effective certain supply chains are being managed. The above impacts have shown being reactive is a poor “strategy”. So, how do you become more pro-active with your supply chain management? Doing due diligence…
Global pandemic, decades-long inflation highs, unprecedented floods, war in Ukraine, sky-high gas prices. Apparently that’s not really enough bad news to supply chains, so let’s throw in a railway strike! Canadian Pacific Railway (C.P. Rail) workers, Canada’s second largest railway, is at risk of going on strike – potentially causing even more headaches to supply…
As the war in Ukraine rages on and gas prices around the world have hit driver’s wallets hard, the conflict could have more supply chain impacts other than just the energy sector: The supply of wheat has also been in the conversation lately, but other industries such as automobiles and engineering services could be impacted…
As the Russian attacks continue on Ukraine, it has sent Grain prices to soar over 16% in recent days. All we’ve heard about since the pandemic started is how supply chains are getting slammed to meet demand. However, e-commerce upstart, Shein, has been blowing the competition away with its fast-fashion model. They’ve grown 220%(!) in…
If you’re tired of hearing about the chip shortage (or all the supply chain shortages), I don’t blame you. But possibly some good news coming later this year, as more investment is being poured into the chip manufacturing industry, AMD’s CEO, Dr. Lisa Su, believes chip shortages should start to ease in the latter part…
As companies begin the shift from fossil fuel transportation vehicles to electric vehicles, the switch involves a lot of work and planning. It’s not a quick switch from gas pumps to electric chargers. One company, The Mobility House, is helping with the transition to electric fleets by providing smart management tools for EV charging. The…
Not that the headline above is telling you anything new amid a global Pandemic and a global supply chain crunch. Since the pandemic started, shipping container costs have surged 5x reaching a record high. Professor Scott Galloway explains what’s happening with shipping costs in this video.