Count Rockwell Automation Inc. CFO Nick Gangestad suspects supply chain issues will linger

Trade & Border IssuesHot SpotsCovid-19Shortages
Written By Jennifer Joslyn

☹️ Count Rockwell Automation Inc. CFO Nick Gangestad suspects supply chain issues will linger. 

Speaking at this week’s JPMorgan Industrials Conference, Gangestad discussed the 26,000-employee-strong company’s first-quarter pace and his expectation that the health of the world’s supply chain has a long way to go. With ongoing issues stemming from the pandemic, inflation, and years of regulatory challenges, the automation giant is constantly pivoting with problems reported by the company’s suppliers.

Read more from Industry Week ▶

Featured
Urgent Reforms Needed in Luxury Fashion's Supply Chain
Urgent Reforms Needed in Luxury Fashion's Supply Chain

A recent judicial move in Milan has put a spotlight on some serious ethical issues in the luxury fashion industry.

Gen Z Flocks to An Unexpected Destination… North Dakota
Gen Z Flocks to An Unexpected Destination… North Dakota

One of America's least populous states, North Dakota, is becoming a surprising hotspot for young adults.

Navigating Geopolitical Challenges in Global Supply Chain Management
Navigating Geopolitical Challenges in Global Supply Chain Management

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.

Panama Canal Is On the Road to Recovery After Dry Season
Panama Canal Is On the Road to Recovery After Dry Season

After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.

New Orleans Braces for an Intense Hurricane Season
New Orleans Braces for an Intense Hurricane Season

It looks like New Orleans and its surrounding areas might be in for a pretty intense hurricane season.

Taiwan Earthquake Shakes Up Semiconductor Industry
Taiwan Earthquake Shakes Up Semiconductor Industry

Taiwan's biggest quake since 1999 could jolt the semiconductor supply chain across Asia.

Transloading Resurges With Supply Chain Disruptions in the Logistics Landscape
Transloading Resurges With Supply Chain Disruptions in the Logistics Landscape

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.

Navigating Apple's Enduring Partnership with Chinese Suppliers Amid Global Expansion
Navigating Apple's Enduring Partnership with Chinese Suppliers Amid Global Expansion

Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.

China's Manufacturing Dominance is Shifting Global Trade Dynamics
China's Manufacturing Dominance is Shifting Global Trade Dynamics

The global market is currently flooded with goods from Chinese factories, ranging from cars and appliances to computer chips and electronics.

Navigating Turbulence Among Challenges and Strategies in Container Shipping
Navigating Turbulence Among Challenges and Strategies in Container Shipping

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 Evolution of Doomsday Prepping in a Post-COVID World
The Evolution of Doomsday Prepping in a Post-COVID World

The COVID-19 pandemic has shifted perceptions around doomsday prepping, once considered the realm of conspiracy theorists.

Dr. Dan McKorley Advocates for Sustainable Solutions for Salt Industry
Dr. Dan McKorley Advocates for Sustainable Solutions for Salt Industry

Dr. Dan McKorley, Executive Chairman of McDan Group, encouraged the salt industry to adopt more sustainable transportation and logistics practices for a greener future.

EU's Corporate Accountability Directive Stalled by Member States Amidst Opposition
EU's Corporate Accountability Directive Stalled by Member States Amidst Opposition

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.

Key Supply Chain Insights from Foot Locker's COO at Manifest Vegas 2024
Key Supply Chain Insights from Foot Locker's COO at Manifest Vegas 2024

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.

Extreme Weather Tops List of Supply Chain Risks in 2024
Extreme Weather Tops List of Supply Chain Risks in 2024

Extreme weather events are emerging as the foremost concern for supply chains in 2024, according to a report by Everstream Analytics.

Offshore Wind Farm Project Terminated Due to Economic Challenges
Offshore Wind Farm Project Terminated Due to Economic Challenges

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.

European Electric Vehicle Battery Supply Chain Faces Delays as Companies Prioritize US Market
European Electric Vehicle Battery Supply Chain Faces Delays as Companies Prioritize US Market

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 Shifts Post-Pandemic Mean Longer Tender Lead Times and Diversification, but Lean Inventories Persist
Supply Chain Shifts Post-Pandemic Mean Longer Tender Lead Times and Diversification, but Lean Inventories Persist

Supply chain trends have shifted since the COVID-19 pandemic, with a focus on tender lead times increasing by 10-15%.

Novo Nordisk Raises 2023 Sales Outlook on Strong Demand for Wegovy and Ozempic
Novo Nordisk Raises 2023 Sales Outlook on Strong Demand for Wegovy and Ozempic

Novo Nordisk has raised its full-year sales and operating profit outlook due to high demand for its weight loss drug Wegovy and diabetes treatment Ozempic.

Nike's Inventory Management Reports Success Amidst Industry Challenges
Nike's Inventory Management Reports Success Amidst Industry Challenges

Nike's inventory units have decreased significantly, with a 10% year-over-year drop in inventory value, according to company executives.

Harnessing the Power of Mexico Nearshoring for Supply Chain Success
Harnessing the Power of Mexico Nearshoring for Supply Chain Success

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 Expands Supply Chain Reach with New North Carolina Distribution Center
Chick-fil-A Expands Supply Chain Reach with New North Carolina Distribution Center

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 Has Transformed From an Economic Powerhouse to a Downturn
Germany Has Transformed From an Economic Powerhouse to a Downturn

Germany, known for its economic prowess, is currently facing a stark reversal of fortune.

China's Modernization Drive and Its Impact on Global Supply Chains
China's Modernization Drive and Its Impact on Global Supply Chains

China's ongoing efforts to modernize its industrial system are expected to have a positive impact on global supply chains.

Supply Chain Shift from China to Southeast Asia Could Fuel Middle-Class Growth
Supply Chain Shift from China to Southeast Asia Could Fuel Middle-Class Growth

Liew Chin Tong, Malaysia's deputy minister of investment, trade, and industry, believes that the diversification of supply chains away from China presents a significant opportunity for Southeast Asian countries.

Automotive OEMs Boost Confidence in Supply Chain Resilience, but Sustainability Challenges Persist
Automotive OEMs Boost Confidence in Supply Chain Resilience, but Sustainability Challenges Persist

According to a survey by Capgemini, automotive original equipment manufacturers (OEMs) are increasingly confident in addressing future supply chain disruptions.

U.S. Announces $12 Billion Fund for Advanced Vehicles and Suppliers
U.S. Announces $12 Billion Fund for Advanced Vehicles and Suppliers

The U.S. Energy Secretary Jennifer Granholm revealed plans for the Biden Administration to allocate $12 billion in loans and grants to automakers and suppliers, aimed at facilitating the transformation of their facilities to produce electric vehicles (EVs) and other advanced vehicle technologies.

Geopolitical Tensions Prompt 35% of Importers to Reevaluate Supply Chains
Geopolitical Tensions Prompt 35% of Importers to Reevaluate Supply Chains

A recent survey by the Institute of Directors (IoD) reveals that over a third of U.K. importers (35%) have been impacted by escalating geopolitical tensions, primarily related to China, prompting them to reassess their supply chains.

Revolutionizing Global Supply Chains: Insights from 'Breakthrough Supply Chains' Book
Revolutionizing Global Supply Chains: Insights from 'Breakthrough Supply Chains' Book

The book "Breakthrough Supply Chains" offers a practical and rigorous methodology to build resilient and cost-competitive 21st-century supply chains for international business.

Iran's APT34 Conducts Supply Chain Attack on UAE
Iran's APT34 Conducts Supply Chain Attack on UAE

Iran's APT34, also known as OilRig, has launched a supply chain attack targeting government entities in the United Arab Emirates (UAE).

Jennifer Joslyn
Previous

Oregon temporarily suspends EV rebates due to money running out
Next

Attempts to unionize at Nissan Tennessee plant fall short