Component Prices Rise 10% to 40%

Increased component prices are inevitable when demand outstrips supply. But the electronics supply chain is being hammered on all sides – from materials to logistics — with rising costs. As one freight expert put it: “In 2020 and 2021, global logistics just can’t seem to catch a break.” For months, the Institute for Supply Management…

How an AI-Applied Supply Chain Enables Efficiency

Today’s supply chains are laden with inefficiencies, as most companies rely on antiquated practices to oversee and manage how goods get from place to place. The supply chain is delicate — even one disruption among suppliers, buyers, and logistics providers can have a trickle-down effect that causes waste, time loss, and increased carbon emissions. With…

Preparing the Supply Chain for Severe Weather Events

Supply chain and logistics professionals must increasingly prepare for the impact of severe weather events on operations as many scientists agree that climate change will only worsen dangerous weather. Semiconductor companies are still recovering from snowstorms in Texas, and Germany is reeling from devastating floods. Here are five practical ways to minimize the impact of…

Channel Feels the Impact of Logistics Costs & Backlog

While manufacturing has rebounded from the long Covid quarantine, the supply chain has not. Logistics operations – already short-handed – are dealing with a seemingly unending series of disruptions. And there’s no relief in sight, experts say. Shipping operations at the Port of Yantian, which were scaled back due to a Covid outbreak, have improved,…

WAN, supply chain

Using Your WAN and IoT to Optimize Supply Chain Management

Your organization runs a tight ship, building profit by taking advantage of operational efficiencies borne from technological innovations. Thanks to IoT and RFID, you now track products from the point of origin to the point of consumption. So how can you leverage your company’s WAN to optimize your supply chain management? Deploying efficient global supply…

Why Is Telematics Important for the Global Supply Chain?

Telematics technology — which can refer to any piece of tech that combines telecommunications and information technology — is used across the business world, but it’s particularly valuable for logistics professionals, who face the challenge of managing an increasingly complex network of goods and delivery vehicle fleets. With the right piece of technology, entrepreneurs can…