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Nov 14, 2023 · The reshoring strategy, which prioritizes supply chain resilience, should bolster national security. But in November 2022, CNN reported that at a press briefing, Morris Chang, founder of TSMC, commented that the cost to manufacture chips in the U.S. would be 55 percent higher than in Taiwan. Another big hurdle is a talent shortage.
- Network Resilience: Footprints on The Move
- Supply Chain Planning: A Winning Formula
- Digitization: Building on Success
- Risk Management: Steady Progress
The turbulence of the past two years has forced many organizations to address vulnerabilities in their complex, highly globalized supply networks. But the 2020 and 2021 supply chain pulse surveys revealed a significant gap between respondents’ ambition and their action. While many respondents said they wanted to diversify their supply base and boos...
The volatility of the past two years has rigorously tested planning teams. Our survey reveals a formula, with three key ingredients, for resilient supply chain planning (Exhibit 3). The first of those is visibility—companies can manage their supply chains only when they have a clear picture of each link. This is one area where organizations report ...
Previous surveys revealed that most companies ramped up their digital supply chain investments significantly over the past two years. Digitaltools have been critical to companies’ efforts to improve the resilience of supply chain planning and execution. That story continues in our most recent survey: in almost every sector, more than 90 percent of ...
While companies have made radical changes in the way they use technology to manage their supply chains over the past two years, the development of their supply chain risk management capabilitieshas been much more incremental. Risk remains a priority for most respondents in our latest survey, with 83 percent of respondents experiencing at least some...
As CEOs look to keep their company exposure low, their concerns over the indirect impacts of geopolitical instabilities on supply chains have grown. 6 And, after a period of decline, the end of 2023 and the first quarter of 2024 saw an uptick in supply chain challenges as a primary business issue for manufacturers (figure 2). 7 This, in turn, has led to increased transit times worldwide.
Apr 9, 2024 · Supply chain leaders are currently facing lean budgets and mandates to cut costs. Many VC-backed brands, for example, are trying to rapidly scale with a lean supply chain team that may only have a ...
Feb 26, 2024 · Reducing costs is no longer paramount in supply chain management, according to executives surveyed for a report by management consulting firm, Bain & Co.Instead, increased flexibility and resilience trump cost and improved customer service, and supply chain reinvention is now a “CEO-level problem and opportunity,” concludes the report, entitled “How CEOs Can Balance the New Supply Chain ...
Given concerns over geopolitical tension and national security, friendshoring is a further option for companies, forming economic-trade partnerships based on shared values and mutual interests between countries, potentially offering greater stability. Another key factor in choosing supplier strategy is the use of supply chain management hubs.
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May 23, 2022 · Consider ringfencing a small part of the supply chain team. Charge this subgroup solely with building long-term resilience, not resolving day-to-day supply chain issues. Tackling the medium-term challenge. One option to help mitigate longer-term, more permanent damage from supply chain disruptions is to maintain a strategic priority on customers.
