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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,”…
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…
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…
According to a recent study from commercial real-estate firm CBRE, nearly 96% of existing space in the U.S. is currently in use, and large companies are working quickly to adapt to a new but uncomfortable reality: space, where it can be found, is expensive. For today’s manufacturers, it’s not uncommon to pay up to 30%…
In some positive news for the supply chain amid the global uncertainty surrounding the Ukraine conflict, U.S. supply chains are expecting to get a degree of relief in the form of $450 million in federal investment. This money comes as a result of President Joe Biden’s recent infrastructure package. According to Transportation Secretary Pete Buttigieg,…
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…