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Today’s supply chain disruptions are not only affecting manufacturing industries, but also everyday consumers trying to purchase anything from chicken to golf clubs. Global climate trends, natural disasters, geopolitical tensions, shipping freight delays, and other such issues are combining with the ongoing COVID-19 pandemic to create a perfect storm of challenges that makes 2021 one…
In a typical year, despite all of the tragedy a natural disaster such as a fire, flood, or hurricane can bring, there usually aren’t very many implications for the world at large. These often horrific events may be devastating for the population in that region, but a country on the other side of world typically…
In a recent announcement, auto manufacturer Toyota stated that they will now cut worldwide vehicle production by 40% in September. This will reduce their output to 540,000 vehicles, down from their planned output of 900,000. As a result, Toyota shares fell 4.4%, the largest daily drop the company has seen since December 2018. Other manufacturers…
Global concern over a new COVID-19 variant, termed the “delta variant,” is increasingly growing, and many analysts are becoming wary of what effect this will have on economic recovery both domestically and abroad. On one hand, on the U.S. front there remains some optimism that the effects might be minimal, in part due to the…
Manufacturers can add one more challenge to the list in a year that has been filled everything from extended lead times, to canal blockages, price inflation, and supply chain-wide cyber hacks. Now, key regions in the global supply chains are experiencing a streak of unexpected natural disasters that are leaving analysts concerned about what the…
Authorized distributors succeed or fail on the long-standing relationships they forge with their customers. So much of the services they offer — quality guarantees, proper shipping and packaging, tracing capabilities, even product consultation — is designed to mitigate risk for customers and ensure the products they sale live up to their own reputation and reputation…