Our aim is to offer guidance on the ever-changing decision-making processes in the electronics sector and become the "go-to" guide for industry professionals looking to source top components.
Back in May, the United States agreed to raise tariff rates, from 10% to 25%, on $200 billion of goods imported from China. Companies across the U.S. have had to assess their options and re-strategize supply chains in order to avoid the tariffs and other uncertainties that come along with this type of move. For many
If you enjoy having time to yourself, find your best thinking happens when you’re alone rather than in a group brainstorming session, and you prefer to work with self-driven teams, you may be an introvert, according to Psychology Today. It’s all about what energizes you, and introverts tend to recharge their batteries alone rather than
Why does anyone decide on a particular career path? The experience is a unique and personal one. We asked around various social forums to find out why real people chose a path in supply chain and related fields. Some responses were the kinds you’d expect in many industries. For example, family history or accidental position,
By Beatriz Alegria Securing intangible assets needs a different strategy than procuring physical goods. The increasing focus on reducing a company’s purchase spend has a significant impact on its sourcing strategies. However, in this day and age, most businesses no longer rely on just procuring the best goods at the best price to beat their
Under the Trump administration, tariffs and trade wars are highlighting a more protectionist trade philosophy, geographical supply risks and wide-spread political risks. Mitigating risk in the current trade climate involves identifying alternative supply sources, creating a mission-critical supply chain contingency plan, maintaining a constant eye to potential political changes and posessing a willingness to step
By Carolyn Mathas Historically, supply chain pros maintained top goals surrounding efficiency and cost cutting. Today, it is increasingly understood that, while cost reduction is important, it should not be the overriding goal of an organization. Professionals are now looking to tap into the vast amount of data already at their fingertips to ensure their
By Poornima Apte Even before Hurricane Maria struck Puerto Rico in September 2017, supplies of IV fluid bags in the United States were already running low. But given that the island is one of the major manufacturers of medical supplies, including saline bags, the natural disaster accelerated a slow-burning supply chain challenge into full crisis
There are numerous documents involved in International Trade: commercial documents, financial documents, insurance documents, and more. Here let’s look at some of the common documents used for transport in global supply chain management. Delivery Order A Delivery Order (D/O) is a document from a consignee, an owner or an agent of a freight carrier that orders the release
Yes, every new business is a startup, but when we refer to startups today we typically mean that the company shows a lot of promise and could potentially bring with it a significant amount of money, innovation, and unique or disruptive concepts. Let’s take a look at the startups making moves in the logistics space
By Poornima Apte Any retailer who must liquidate inventory or any original equipment manufacturer (OEM) who has had to battle the loss in manufacturing uptime from malfunctions on the shop floor understands the inefficiencies tucked into traditional supply chains. Manufacturers lean on market forecasts to design, source and make products. They leverage a sales and