Dive Brief: Facing rising material and labor costs, seven in ten electronics manufacturers expect to raise prices between 7% and 8% in 2022, according to an IPC survey of sector executives conducted in October. Two-thirds of respondents already raised prices this year by an average of 14.5%, but executives anticipate challenges with recruiting labor and… Continue reading Electronics manufacturers expect to hike prices again in 2022 as material, labor costs rise
Raw materials are the building blocks of the garment industry. But with multiple tiers of the supply chain separating fiber makers from brands and retailers, there is often a disconnect between the two parties. Related Articles Coinciding with the harvest season, Supima, the luxury brand for American Pima cotton, has sought to bring the apparel… Continue reading Cotton Supply Chain & Sustainability to Feature at Supima’s Harvest Symposium
Suggestion: Watch the 10 minutes video tutorial before reading this article Click Here to Get the Asia Import Platform: General Products Looking for manufacturers in Vietnam? In this guide, we give you a high-level overview of what to expect when manufacturing products in Vietnam – and how the country compares to China on many aspects,… Continue reading Manufacturers & Wholesalers in Vietnam: A Complete Guide
The unusual business patterns resulting from the global pandemic have twisted the supply and demand cycle for raw materials and their prices in new directions. For example, Mark Messura, senior vice president of global supply chain marketing for Cotton Incorporated, told the U.S. Fashion Industry Association and American Import Shippers Association Trade & Transportation Conference…… Continue reading Have Sky-High Raw Materials Prices Reached Their Peak?
Last week, we recorded and published a podcast entitled Why Are American Logistics Struggling In Late 2021? which goes into detail about the various North American supply chain problems and is getting a lot of downloads. In that podcast, I interviewed Marshall Taplits, founder of Ship It Done (a USA-based 3PL warehouse and e-commerce fulfillment center).… Continue reading North American Supply Chain Problems: Major Constraints
Rebecca Jasper, director of global supply chain with Minnesota Rubber & Plastics, offers seven tips for companies struggling to survive in the current supply chain crisis, as well as looking to cope with future disruptions. First is “don’t sweat the small stuff.” In coping with inevitable price increases, companies should consider the total cost of… Continue reading Watch: Seven Tips for Manufacturers on Navigating the Supply Chain Crisis
The U.S. retail peak season begins in September with back-to-school shopping and runs through the end-of-year holiday season. Even in the best of times, peak season presents numerous challenges for retailers and their logistics providers—and these are not the best times. The retail and eCommerce supply chain has operated in a peak-like environment since the… Continue reading Importers challenged to get inventory from asia with peak season looming
Supply chain uncertainty gives workers a chance to shine Though most manufacturers have long believed that people are maxed out, and when it comes to productivity, manual assembly lines are as optimized as possible, new technology is challenging that belief structure. 5 Promising Innovations in Metal Finishing Techniques Metal finishing is a crucial process in… Continue reading Supply chain uncertainty gives workers a chance to shine
November 5, 2021 6:00AM ET Sourcing Journal’s annual fall summit, titled “Inflection Point,” was held virtually on Oct. 19. Speakers from around the globe weighed in on a range of topics from circularity, trade and raw materials to the many problems plaguing supply chains. Souring Journal founder and president Edward Hertzman kicked off the event… Continue reading Sourcing Journal Founder Edward Hertzman: We Must Adapt and Change’
Offshoring, nearshoring, and now “sureshoring”: Brian Glick, chief executive officer of Chain.io, tells why global supply chains need to take a more complex and sophisticated approach to deciding where to source their products. For at least the past 20 years, companies have viewed the offshoring of manufacturing as an either-or proposition. But the right answer… Continue reading Watch: Reducing Supply Chain Risk Through 'Sureshoring'