According to the results of Xometry’s 2024 Automotive Manufacturing Industry Survey, a notable 68% of leading automotive professionals express optimism about their company’s growth prospects in the coming year. As the industry faces various challenges, including labor shortages, the need to scale up electric vehicle (EV) production, the rise of autonomous vehicles, and the complexities…
Chief Revenue Officer of SAP Digital Supply Chain, discusses the transformative impact of Artificial Intelligence (AI) on supply chain operations. With over 30 years of experience in technological transformation within the supply chain sector, she highlights the potential of AI in enhancing business operations, resilience, and efficiency. Darcy McClaren serves as the Chief Revenue Officer…
In the quest for a more sustainable future, businesses are increasingly focusing on the environmental impact of their supply chains. The complexity of these supply chains, involving numerous parties with their own carbon footprints, presents a significant challenge. However, emerging technologies like blockchain offer a promising solution by providing transparency and traceability, enabling consumers to…
Mexico’s increasing importance in U.S. supply chains is reshaping its economy, with various regions and sectors experiencing varying degrees of impact. As companies explore nearshoring options, Mexico has emerged as a key player in manufacturing, particularly in industries such as automobiles, electronics, medical devices, home appliances, and machinery. In 2022, Mexico was the source of…
In recent years, global supply chains have faced unprecedented challenges, from the COVID-19 pandemic to unforeseen disruptions like a semiconductor factory fire and the Suez Canal blockage. These disruptions have had far-reaching impacts on industries, including the Pro AV sector, leading to product shortages, delays, and financial losses for integrators, dealers, and manufacturers, as well…
In the ever-evolving landscape of global supply chains, Taiwanese and Chinese panel makers are strategically positioning themselves to meet the demands of both Chinese and non-Chinese customers in the automotive display industry. Concerns over geopolitical tensions have led Taiwanese panel makers to explore opportunities in emerging markets, aiming to safeguard their supply chains. Meanwhile, China’s…
The year 2024 is poised to bring significant advancements and changes in the fields of AI, robotics, logistics, and technology, with a particular emphasis on supply chain resilience. While AI has gained global attention, its full potential in the business world is still in its infancy, leaving many questions about its optimal utilization. AI Accelerating…
Recent developments in the Australian economy have left businesses grappling with challenges such as rising input costs, emerging wage pressures, labor shortages, and the ever-increasing dominance of e-commerce. Amidst these complexities, the Reserve Bank of Australia’s decision to announce the first interest rate hike since June added to the concerns of local enterprises, striving to…
In a significant development, the European Union has approved stringent supply chain rules that compel companies to ensure the protection of the environment and human rights in their global supply chains. However, a notable exemption for the financial sector has raised concerns about the effectiveness of these regulations. The due diligence rules, first proposed by…
When it comes to the holiday shopping season, the last few years presented considerable challenges to the retail and logistics industries. Global events, from the pandemic in 2020 to port backlogs in 2021 and inflation in 2022, made the holiday season less than festive for many. However, this season appears to be a different story.…