Corporate decision-makers are urgently planning for supply chain overhauls next year
🌎 Corporate decision-makers are urgently planning for supply chain overhauls next year.
In a recent HSBC Holdings Plc survey, 47% of respondents said that overhauling their supply chain is a priority in 2023 and only 11% said it’s not necessary. A whopping 51% of respondents have stated that they anticipate the international trade environment to be more challenging next year. Several countries are expected to be key locations in global trade in 2023, including India, Australia, and Malaysia.
One of America's least populous states, North Dakota, is becoming a surprising hotspot for young adults.
In a recent column in Supply Chain Management Review, a story surfaced about how a LAN transformer led to thousands of Audi, Bentley, and Porsche vehicles being stuck at U.S. ports, potentially breaching the U.S. Uyghur Forced Labor Prevention Act.
After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.
It looks like New Orleans and its surrounding areas might be in for a pretty intense hurricane season.
In the fast-paced world of logistics, FedEx and UPS are making some big changes.
Transloading, a logistics strategy used to alleviate container backlog during the pandemic, is gaining traction once again as U.S. West Coast ports receive increased container volumes redirected from the East Coast.
Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.
The global market is currently flooded with goods from Chinese factories, ranging from cars and appliances to computer chips and electronics.
The container shipping industry is grappling with a surplus of capacity, leading to a drop in customer rates that Maersk CEO Vincent Clerc described as unsustainable during the company's annual shareholder meeting.
The COVID-19 pandemic has shifted perceptions around doomsday prepping, once considered the realm of conspiracy theorists.
Dr. Dan McKorley, Executive Chairman of McDan Group, encouraged the salt industry to adopt more sustainable transportation and logistics practices for a greener future.
Apple has called it quits on its ambitious Apple car project, known internally as 'Project Titan', reallocating its 2000-strong workforce.
European Union countries hit a roadblock on Wednesday as they halted the progress of new regulations aimed at making large companies accountable for potential forced labor and environmental harm in their supply chains.
Alibaba Group Holding Ltd. revealed a deeper involvement of Chinese government entities in its various business arms following an inquiry from the US Securities and Exchange Commission.
In the ever-evolving world of supply chain management - Elliott Rodgers, EVP and COO at Foot Locker - emphasizes four crucial skills to ensure organizational success: comfort with uncertainty, global awareness, effective communication, and strong leadership.
Flexport, the supply chain logistics firm, is undergoing its third round of layoffs in about a year, reducing its workforce by approximately 15% as part of cost-cutting measures to achieve profitability.
Extreme weather events are emerging as the foremost concern for supply chains in 2024, according to a report by Everstream Analytics.
Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.
The development of a European battery supply chain for electric vehicles independent of China is facing significant delays as companies shift their focus to the US market due to clean energy subsidies offered by the US Inflation Reduction Act.
Supply chain trends have shifted since the COVID-19 pandemic, with a focus on tender lead times increasing by 10-15%.
The APEC conference in San Francisco had a negative impact on businesses in the area, contrary to expectations of a boost in business.
Citigroup is reportedly considering job cuts of at least 10% in several major business units as part of CEO Jane Fraser's reorganization efforts.
Bank of America and several other major U.S. banks, including Chase, U.S. Bank, Truist, and Wells Fargo, have experienced issues with processing direct deposits, causing delays for customers.
JP Morgan's CEO, Jamie Dimon, has expressed concerns about the escalating conflict in the Middle East, particularly Israel's expected ground offensive on Gaza.
Nike's inventory units have decreased significantly, with a 10% year-over-year drop in inventory value, according to company executives.
The article discusses the impact of supply chain disruptions and the potential benefits of nearshoring, particularly in Mexico, for U.S. importers.
Chick-fil-A Supply, the distribution arm of Chick-fil-A Inc., is set to establish a new 120,000-square-foot distribution center in Kannapolis, North Carolina.
Germany, known for its economic prowess, is currently facing a stark reversal of fortune.
China's ongoing efforts to modernize its industrial system are expected to have a positive impact on global supply chains.
A recent judicial move in Milan has put a spotlight on some serious ethical issues in the luxury fashion industry.