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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…
The Yantian port in China has found itself in the recent news cycle as the latest example of disruption in the 2021 supply chain. In the Guangdong province, where Yantian is located, more than 150 COVID-19 cases have recently been reported, which has triggered the local governments to reinstate strict prevention and control measures. To…
2021 is not even half over, but already we have seen several glaring examples of just how fragile the modern supply chain really is. Irrespective of company size, product, or industry, one or more supply chain disruptions have the potential for disastrous consequences for manufacturers and other businesses. One example was recently seen with the…
With a little help from a high tide brought by a “worm moon,” the container ship Ever Given was finally dislodged from the Suez Canal, bringing the total time it disrupted traffic to six days. While the source of the problem has been corrected, the effects of the backlog are going to reverberate across various…
Supply chains around the world are still feeling the drastic effects of the COVID-19-caused lockdown of the global economy, and various industries are having to dig deep to find ways to move forward despite the setbacks. The medical industry has been getting a particularly high amount of press. As demand continues to spike, supply has…