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.…
The olive oil supply chain is grappling with As the holiday season unfolds, consumers worldwide are eagerly preparing their wish lists, organizing festivities, and flocking to retailers in the quest to beat the holiday rush. Little do they know that their holiday season could take unexpected turns, impacting everything from their favorite treats to the…
In the wake of the COVID-19 pandemic, global supply chains faced unprecedented challenges, leading to months-long delays in delivering goods and causing concerns among policymakers. Terms like “reshoring” gained popularity as companies contemplated moving manufacturing operations back to their home countries, such as the United States. However, a recent working paper sheds light on a…
South Korea has set its sights on constructing a state-of-the-art cold chain logistics center in the Dutch port city of Rotterdam by the year 2027, according to an announcement from the presidential office. This ambitious project is set to materialize through a letter of intent, soon to be signed between South Korea’s Busan Port Authority…