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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…
According to MEMA Aftermarket President and CEO Paul McCarthy, who heads a 500-member division that represents parts manufacturers for the auto industry, the current supply chain crisis is “the biggest…that we have faced since WWII…when our whole manufacturing economy shifted on a dime for wartime.” Just how dire this crisis is has been a large…
The automotive industry is changing. According to Bank of America Securities, there will be an average of approximately 60 new vehicle models entering the market between 2022 through 2025. That amounts to a 50% increase over the current 20-year average. The overwhelming majority of these models will be electric vehicles. In many cases, this means…
A Supply Chain Defined by Disruption In today’s global supply chain, the “golden screw” dilemma is becoming increasingly common. This is when a manufacturer has completed between approximately 80% and 99% assembly of a product, but for one reason or another, it cannot acquire one specific, critical part to complete the assembly and ship the…