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Supply (170)

US Gov Reports Progress in Resolving Supply Chain Issues

Outsourcing production to other countries where products such as clothes, computer chips, medicine and computer chips was once a simple thing to do. It led to value through design capabilities in other countries and low cost of production. Many businesses used inexpensive labour abroad to assemble products and global distributors who would manufacture and deliver materials for American firms. However, since the beginning of the COVID-19 pandemic, we have seen massive challenges in the supply chain, which have stressed the movement of products to unprecedented levels. With other challenges such as high levels of supplies coming to the US, geopolitical disruptions, the pandemic itself and the aging infrastructure, there have been unprecedented challenges in global markets, most of which are caused by disruption of supply routes.

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Build More Resilience into Your Supply Chain  

Risk management is one of the critical areas in supply chain and procurement. At the heart of this is the development of resilience of strategies to safeguard supply chains, ensuring business continuity. With the ongoing coronavirus pandemic, it is clear that the lack of a comprehensive resilience plan can lead to challenges of high magnitude for businesses. As such, it is crucial to have a plan that comes into play if a problem, such as a disaster, occurs. Supply chain resilience is the ability of a supply chain to prepare for and adapt to unexpected events. The resilience plan, therefore, leads to the adjustment of the company to sudden disruptive events that adversely affect the supply chain’s performance. To continue functioning during and after disruption, an organization needs a resilience plan that has the following characteristics:

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China's Heat Wave and Zero-Covid Policy Felt World Wide in the Supply Chain Industry

Jin Zhuanglong, China’s new Minister for Industry and Information Technology is creating a plan that (if successful) will stabilize the country’s supply chain as Chinese economic growth slows. It’s no secret that China has faced their share of supply chain woes over the past few years. It started with the Covid-19 pandemic in 2020 as many countries became frustrated with the manufacturing powerhouse as they were unable to keep up with the supply and demand of Personal Protective Equipment (PPE) like N95 masks and gloves.

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Planning Your Supply Chain Strategy

The beginning of a new year is always the start of new challenges. It can be not easy to know where you want to go and the efforts that you need to put in for success. In the supply chain, it is difficult to put things in order and start a new year on a high note considering the events of the end year. As such, you need to develop concrete plans that will help you out of the confusion you are in and assist you make better decisions. Here is how you can build a strategic plan to propel your supply chain strategy.

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Organizational Structures of Supply Chains Matter

The alignment of an organization is a crucial factor that organizations need to consider for success in their supply chain operations. When the right organizational model is matched to the business model, culture, operations, strategy and management, great benefits will be attained by the organization. The supply chain structure should highlight the groups, processes and functions needed to move products from production facilities to end users. Effective supply chain management is crucial in allowing an organization a competitive advantage, especially with high competition.

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Supply Chain Issues Bring Manufacturers Back to the US

The Covid 19 pandemic has changed the way we look at the supply chain industry. Prior to the pandemic many organizations headquartered in America opted to manufacture products overseas as both materials and labors were cheaper.

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Your Supply Chain May Just Recover This Year

In 2020 and 2021, supply chains reached their breaking point due to the pandemic. However, in 2022, there is some semblance of recovery as most services come to their pre-pandemic levels. Despite the challenging times in the past two years, there are many lessons that businesses can take from the occurrences. Businesses need to rethink their approaches to material sourcing and logistics. Businesses can capitalize on the problems they faced last year to ensure that their supply chains recover fully and are resilient enough to face the potential problems they encountered in the past year. This comes down to investing in artificial intelligence (AI), Machine Learning (ML) and automation, all of which are critical in the digitization of the supply chain and diversification of manufacturing.

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How Are You Dealing With These Supply Chain Trends?

COVID-19 has created a significant imbalance between the supply and demand of goods, affecting global supply chains. At the height of the pandemic and lockdowns, every part of the value chain was put under stress, from raw material sourcing to the end customer. Furthermore, areas like commercial, operational, financial and even organizational resilience were put under an unexpected test. The stress on the value chain during the COVID-19 period highlighted risks and gaps in the resilience of every company, including the bigger ones. As CEOs look to make things better to avoid large-scale disruptions in the future, some believe that innovation is the only route to resilience, while others believe that increasing investment in disruption detection will bear good fruits.

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Supply Chains are struggling with These Challenges

The COVID-19 pandemic was indeed the hardest disaster that man has ever faced. It was the worst nightmare for many industries, resulting in massive losses. One of the most hit areas by the pandemic is the supply chain. With the closure of many airports and ports to curb the spread of COVID, there were rippling disruptions that continue to hurt the markets to date. Although 2020 and 2021 were the toughest years for supply chain providers, we continue to experience challenges even in 2022. Below are challenges that supply chains are struggling with in the year ahead.

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These 6 Tips Can Help Entrepreneurs to a Better Supply Chain

Supply chain issues are spread across industries and countries. For small businesses, it can be a challenge keeping popular items stocked and dealing with impatient customers if you have a retail outlet or an e-commerce store. However, you can still make things better if you can develop a concrete strategy to avert some of the problems and keep the operations of your business running smoothly. Here are some supply chain management strategies to get you started.

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