The chip shortage for manufacturing everything from automobiles to laptops has been pretty well-covered in the last couple of years, but now, in a cruel joke, there’s now a shortage of chips for manufacturers who make those chips. Industry execs are now saying they foresee this problem to persist through to 2024. Hold on to…
Supply chains are experiencing shocks not just from pandemic issues in Asia and lack of container availability, but also a shortage of truck drivers. To build out its own fleet, Walmart is offering truck drivers with a starting salary of $110K.
Even before the conflict in Ukraine began, farmers were feeling the pain from the global supply chain chaos due to the pandemic. Farmers such as Scott Phippen, an Almond farmer, has supplies of almonds waiting for available containers to ship to customers around the world. But with the shortage of available shipping containers (and the…
As China’s continued policy of zero-COVID is causing more lockdowns in Shanghai, including factories. This is not only hurting the factories, who are already having problems with not only getting product out to their clients but also retaining workers due to all the lockdowns. As we mentioned last week, some clients are looking elsewhere to…
With all the global supply chain shocks of the last two to three years, supply chain managers are mitigating supply chain risks by increasing supplier relationships where it used to be around 1-2 suppliers to now 3-4 different suppliers. Not only that, but in 2020, American manufacturers sourced materials from six times more suppliers in…
For decades, China has been known as the world’s manufactory. But as strict lockdowns continue in China causing chaos in already disrupted supply chains, some companies simply cannot wait anymore. People like Liz Reisch Picarazzi, CEO of Citibin, has already started the process of moving her manufacturing out of China and closer to her. While…
The last three years dealing with a global pandemic in addition to other supply chain shocks has put a spotlight on how effective certain supply chains are being managed. The above impacts have shown being reactive is a poor “strategy”. So, how do you become more pro-active with your supply chain management? Doing due diligence…
Global pandemic, decades-long inflation highs, unprecedented floods, war in Ukraine, sky-high gas prices. Apparently that’s not really enough bad news to supply chains, so let’s throw in a railway strike! Canadian Pacific Railway (C.P. Rail) workers, Canada’s second largest railway, is at risk of going on strike – potentially causing even more headaches to supply…
As the war in Ukraine rages on and gas prices around the world have hit driver’s wallets hard, the conflict could have more supply chain impacts other than just the energy sector: The supply of wheat has also been in the conversation lately, but other industries such as automobiles and engineering services could be impacted…
As the Russian attacks continue on Ukraine, it has sent Grain prices to soar over 16% in recent days. All we’ve heard about since the pandemic started is how supply chains are getting slammed to meet demand. However, e-commerce upstart, Shein, has been blowing the competition away with its fast-fashion model. They’ve grown 220%(!) in…