A while back, we wrote a post about the state of manufacturing in Bangladesh. A few things have changed since then – in Bangladesh specifically and around the globe. The worldwide pandemic has also caused Bangladesh’s position in the global supply chain to shift considerably.
Dive Brief: Paint supplier RPM International has purchased a large chemical manufacturing facility in Corsicana, Texas, to strengthen its supply chain and increase resin production amid global shortages, the company announced in September. The 178,000 square foot plant purchased from ChampionX Corporation will help add capacity of alkyd resin, a key material used in the company’s… Continue reading Major paint supplier looks to overcome resin shortages with new Texas facility
Ongoing supply chain challenges – from the Coronavirus disease (COVID-19) outbreaks to weather-related delays and worker shortages – have resulted in limited inventory, and in certain sectors, higher prices for goods heading into the fourth quarter of 2021. Each week since the pandemic began surging nearly 18 months ago has experienced a different product… Continue reading Shifting Supply Chain Strategy to Buy American Amid Turmoil
The relationship between suppliers and buyers has long been based, naturally, on the law of supply and demand. Which means that there’s always a certain amount of tension between the two parties, as each maneuvers to obtain the highest or lowest possible price, depending on which side they’re on. So is there any room for… Continue reading Podcast | Suppliers vs. Buyers: Who Holds the Power Today?
Don’t wait to do your holiday shopping if toys from today’s biggest brands are on your list: Toys will be more expensive this holiday season — and harder to find. The shortage is due to significant challenges within the global transportation pipeline, CNBC reports. Covid-19 has led to a massive labor and supply shortage, which was worsened… Continue reading Toymakers Warn Supply Chain Issues Are a Threat to Holiday Shopping
Last summer, one of Peerless Media’s editors interviewed the chief supply chain officer (CSCO) of a leading global distributor with more than 6,000 employees in his supply chain organization. Most senior supply chain leaders want to talk about cost control, efficiency and throughput. Those, after all, are the key performance indicators against which they’re measured.… Continue reading How Does Your Supply Chain Diversity Measure Up?
A year and a half into President Biden’s first term, his Administration is starting to talk about China in a meaningful way. But yesterday, when Katherine Tai, the U.S. Trade Representative, spoke in Washington, she was talking about a China that was less important as a trade partner than it has been in years and… Continue reading USTR Tai Talks About China, A Once-Dominant China That Now Ranks 3rd
Suggestion: Watch the 10 minutes video tutorial before reading this article Click Here to Get the Asia Import Platform: General Products Product samples are essential when importing products from China, and elsewhere in Asia. Obviously, you want to see and feel the product before you start production. However, ordering product samples is also a way… Continue reading Buying Product Samples from China: A Complete Guide
Supplier verification and qualification and ensuring product quality from startup to volume production Vietnam has become an attractive alternative to China for production. The rising cost of labor in China is an ongoing factor driving this shift. Companies are also closely watching for escalations of trade conflicts between the United States and China. The countless obstacles caused by the covid-19 pandemic inject additional uncertainty into the weighing of suppliers in China versus Vietnam. Although Vietnam has been presented as a great alternative for many companies, it is important to note that the relocation process is not easy. Transitioning production from
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Opinions expressed by Entrepreneur contributors are their own. The U.S. trade deficit in goods and services rose to a record high in August, largely on the back of a rise in imports as businesses continued to build up inventories in response to strong consumer demand. The Commerce Department said in an Oct. 5 statement (pdf) that the… Continue reading US Trade Deficit Hits Record High as Consumer Goods Imports See Sharp Rise