After eight months in office, President Joe Biden has yet to significantly shake up his predecessor’s combative trade policies with China. United States Fashion Industry Association (USFIA) president Julie Hughes lamented this reality Thursday during Sourcing at Magic’s online session “What’s On the Horizon for Trade Policy and Sourcing.” “After the election and the Inauguration…… Continue reading Biden’s Inaction on China Like ‘Groundhog Day’
You might think that the recent spate of supply chain disruptions would have caused a stampede of manufacturers out of China, or at least prompted them to diversify sourcing. But that hasn’t been the case. COVID-19 is just the latest in a long string of disasters and glitches to impact global supply chains, and expose… Continue reading Podcast | China vs. Southeast Asia: Where Is Manufacturing Going?
In recent years, many companies have adopted a “China Plus One” strategy for managing their global supply chains. In other words, rather than relying solely on a Chinese manufacturer to make their products, they establish additional supplier relationships in another country. This can sometimes become a Plus Two, Plus Three, or more, depending on the… Continue reading What is the China Plus One Strategy, and What Should You Know About It?
Nick Banich, chief revenue officer for North America with Miebach Consulting Inc., relates how a combination of growing demand unpredictability and new technology tools is motivating supply chain managers to speed up the decision-making process. The world of supply chain management is increasingly being affected by “volatility, uncertainty and ambiguity in all aspects,” says Banich. The… Continue reading Watch: Speeding the Decision Cycle for Supply Chain Leaders
Cristina Rodriguez, senior counsel with the law firm of Wolfe Pincavage LLP, offers guidance on how suppliers and buyers should prepare for the inevitable contract disputes that arise from issues such as supply chain shortages arising from the COVID-19 pandemic. The pandemic and related disruptions have led to an increase in contract disputes between suppliers… Continue reading Watch: How to Resolve Contract Disputes Between Suppliers and Buyers
New Trends and Challenges For Sourcing Related news: The Three Pillars of Successful Supply Chain Risk Management With the COVID-19 Delta variant threatening pandemic recovery around the world, brands that source products globally are facing supply chain challenges in a business landscape mired by transit limitations, factory shutdowns, surging shipping costs, delays, labor shortages and… Continue reading New Trends and Challenges For Sourcing
This is a contributed op-ed written by Joe Dunlap, managing director of supply chain advisory at CBRE. Opinions are the author’s own. The modern supply chain was a thing of wonder, delivering material from around the world to companies and customers, seemingly in mere days or even hours. Until it didn’t. Specifically, this year and last.… Continue reading Supply chain challenges aren't going away anytime soon
A supply chain is a network that starts with raw materials and generally ends with the customer. Streamlining all the supply chain data created by those integrated elements means managing multiple complex factors all at once, in real time: optimizing inventory, streamlining transportation, and delivering just in time… every time. Just like other areas of… Continue reading Unlock the potential of your manufacturing supply chain data
China is one of the most common countries to source from on a global scale, but there are many other Asian countries to choose from that can provide similar or better results. Depending on the nature of your company, switching to importing from a different country may be a better fit for your business. Here… Continue reading Top 5 Sourcing Countries in Asia
A resilience-building approach to compare and contrast supply chain disruptions, especially how the Covid-19 pandemic fits into supply chain management’s risk universe.