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It is not difficult to notice the effects of inflation on our daily lives. In the cost of groceries, in gasoline and energy costs, and in the value of paychecks, we see the dollar’s declining value in nearly every aspect of our daily lives. It is no different for manufacturers, who are currently tasked with…
Silicon Valley Bank fallout has had drastic implications throughout all of industry, and the full implications of it have yet to be fully understood. Already, President Joe Biden has urged federal regulators to take steps to tighten up the banking system, and Congress is currently in talks of presenting new regulations or regulatory powers to…
Counterfeit components represents far more than financial and reputational risk for the manufacturer. In some cases, human lives are very much at stake. Failure to properly safeguard supply chains against a rapidly expanding gray market of both substandard and outright counterfeit parts can have the direst consequences one can imagine. A recent article in the…
In a recent interview with CNN, Intel CEO Pat Gelsinger blunty stated a disturbing reality that highlights the largest single threat to the global supply chain in the coming years: chip availability. And this means that inventory management strategies will be more important than ever. “[O]il reserves [have] defined geopolitics for the last five decades,”…
February 24th marks the one-year anniversary of the beginning of the war in Ukraine. Without question, the consequences have been vast. According to Ukraine’s prosecutor, 9,655 civilians have perished since the war began, and approximately 8 million people have become refugees. Although Kyiv remains upbeat about their current chances in the war — by fall…
War is never something one likes to think about, especially as another war is already occurring in Ukraine. But with tensions between China and neighboring Taiwan continuing to escalate, the repercussions of another such conflict is something manufacturers across the world need to take into account in their future plans. The latest development in this…