A new world order is taking shape for the vital supply chains that supply most of the goods we use every day. Companies, especially technology ones, are questioning the legitimacy of the past 50 years of globalization. Its fundamentals include always looking for the lowest cost manufacturer, no matter the distance, and never carrying excess inventory or parts. Modern supply…
As the production and distribution enterprises move further away from the end customer, the signal of demand arising in the market will be at greater risk of deviation. At some point, this deviation can be up to 3 to 5 times the original demand. And when demand is returned incorrectly, the supply chain will be negatively impacted, the cause of…
As new headlines constantly remind us, the world’s supply chains are operating in an increasingly precarious business landscape. The high costs and uncertainty of raw materials, components, labor and transportation have led to some significant product shortages ― most visibly, semiconductor chips impacting the automotive industry, but other products as well… When products are scarce, it becomes even more critical…
Transportation is a massive segment of the global economy, as much as 12% of cash flows, and there are so many parties involved: shippers, carriers, customs and the companies that provide fuel for trucks, planes, trains, etc. There are so many transactions associated with any shipment. Now think about having to wait 60 to 90 days for payment across each…
