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In the wake of several recent issues in the global electronic component and semiconductor supply chain, the U.S. government is taking direct action. On Dec. 1, 2021, the U.S. Commerce Department has announced the establishment of a high-level committee that will advise the U.S. government on topics such as microelectronics research, development, manufacturing, and policy.…
When the COVID-19 vaccines were released in early 2022, many predicted that by the end of the year normalcy would have returned to the global economy — and by extension the global supply chain. This has not been the case. In fact, as the economy gradually opens back up, disruptions within the supply chains appear…
Inventory Ownership Solutions are becoming the new normal. According to data from research firm Coalition, the world’s top banks have had a productive year in 2020 in one interesting area: supply chains. As organizations across all industries struggle with inventory, they have turned to finding alternative ways to pay suppliers in a time when working…
Honeywell Opens New Global Headquarters in Charlotte, North Carolina Three years ago, Honeywell announced that it would be moving its global headquarters to Charlotte, North Carolina. On December 1, 2021, that move was completed with the grand opening of its new uptown building. A 23-story tower, the new headquarters has the capacity for approximately 1,300…
In a new but not unexpected development for supply chains, the first case of the Omicron COVID-19 variant has been identified in California. According to Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci, the individual in question had recently completed a trip to South Africa before the travel restrictions were…
One of the most exciting features Partstat offers customers who choose to implement our Inventory Storage Solution is access to our Custom Storage Vault. This state-of-the-art, one-of-a-kind feature is wholly unique to our industry, and one that feels a very important niche no other inventory storage partner is capable of providing: guaranteed business continuity. What…