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Partstat, a unique inventory ownership solution provider, recently entered into a partnership agreement with one of the world’s leading financial groups. Through the new partnership, Partstat has opened a window to serve a larger group of customers by expanding its scale to handle more financing volume than any time in their history – effectively creating…
OEMs are in an inventory crisis, as reflected in the five major pain points identified by supply chain and manufacturing consulting firm Seraph: incorrect capacity planning (often caused by a miscalculation in Overall Equipment Effectiveness), labor shortages, supplier changes, natural disasters that hinder production, and inventory delays. Read our latest feature on Industry Today, where…
The global semiconductor and chip shortage has been an issue throughout the pandemic, and indeed was the focus of one of U.S. President Biden’s first executive orders. Such a focus appears to be continuing, as reports have emerged that the president has recently met with administration officials to discuss a potential bill to boost U.S…
Much of the recent media cycle has been dedicated to speculation regarding the potential for an economic recession, not just in the U.S. but across the world. But how likely is it at this point that a recession will actually occur? That question is difficult to answer with certainty, but most economists at this point…
A new report was just issued by the U.S. Labor Department containing the latest inflation figures, and despite significant interest rate hikes by the Federal Reserve with more promised by the end of the year, the news is worse than even the worst estimates predicted. According to the report, prices raised 9.1% from a year…
The supply chain crisis of the automotive industry have been well documented, and now over halfway through 2022, future outlooks have only become bleaker. Even more concerning, however, is not only has this translated to supply chain disruptions and extended lead times, the issues have also now appear to have had an impact on product…