Depending on your product, it may make a lot of sense to manufacture in China (for example, for complex products that need to be developed fast). But the risks of China IP theft haven't gone away. I wanted to share a few examples here. As many manufacturers there start to feel the pinch due to orders slowing down, as their customers tighten their belts during the global coronavirus pandemic, it's only likely to get worse as some unscrupulous characters try to make a quick buck out of unwary … [Read more...]
Will China Lock Entire Provinces Down A Second Time in 2020?
In early February, I was wondering what effects the lockdown of China would have on importers. And, a few weeks later, importers suffered another (often more violent) blow: stores closed for months, a lot of unsold inventory, and weak demand across many product categories. … [Read more...]
Supply Chain Risk Management, Part 3: A Purchaser Supply Chain KPI Scorecard’s Benefits
Most purchasers pay too much attention to the price of what they buy but fail to take risks into account. That's a very widespread issue. One solution to this might be developing a supply chain KPI scorecard, to force buyers to report on how risky the supply chain they are building really is. After all, setting up a solid supply chain is an important objective isn't it? This is what we are going to cover here. … [Read more...]
When Should American Companies Reshore Manufacturing Or Stay In China?
In recent times it's very common to see stories about American companies scrambling to reshore manufacturing and leave China and the data seems to support this trend of reshoring or finding other locations. However, I suspect the American companies that moved to China for the wrong reasons originally are mainly the ones who are now reshoring back in the US. Is this the case, though? Let's explore this... … [Read more...]
Supply Chain Risk Management, Part 2: The Business Continuity Plan
In this post, let's focus on disaster recovery, and more specifically on the business continuity plan, with a simple example. We will also provide you with a free template. This is the second post in our series of Supply Chain Risk Management, which will come out gradually over the next few months. … [Read more...]
What is the Bill of Materials and why is it important?
When a new product is developed, two sets of documents are very important: On the technical side the design deliverables (component drawings, PCB schematic…) and on the supply chain side the Bill of Materials (BOM). Let's look at the BOM and its importance here: … [Read more...]
How You Can Prepare for the ‘After Coronavirus Peak’ in the West
The COVID-19 pandemic is now clearly impacting the entire world, with heavy and unpredictable consequences. It is no longer just a Chinese issue. The problem has been 'exported'. But let's look at China first. The situation is changing 180 degrees these days! … [Read more...]
COVID-19: Have a Resilient Supply Chain, Stop JIT, Never Single-Source? Really?
I am getting tired of reading "expert commentaries" about the impact of the Covid-19 epidemic on supply chains. They all seem to say the same thing, and (in my mind) they tend to overlook certain facts. Let's look at 4 commonly held truths that I disagree with. … [Read more...]
8 Elements of a Low-Risk Supply Chain in China [Free Webinar]
Clients often ask us for assistance in improving their supply chain in China. For instance, it's common to hear that they aren't satisfied with poor quality, with missed timelines, or with unethical practices. If your supply chain is giving you issues like this, and it is causing your business unnecessary risk, you might not have taken all the necessary steps. How to lower these risks and build a low-risk supply chain in China? Over at Sofeast, we've created a free webinar for you about … [Read more...]
Will US Tariffs Drive Manufacturing From China To Vietnam?
A few days ago, Trump claimed that many tariffed companies would leave China for Vietnam and other such countries in Asia in this series of tweets (read from bottom to top): In parallel, I see an Asia Briefing article entitled Why Vietnam is Overtaking China as a Destination for US Export Manufacturing, showing that this trend is already underway: Vietnam’s exports to the US rose by 28.8 percent year on year in the first quarter of 2019, making the US the largest importer of Vietnamese … [Read more...]
- 1
- 2
- 3
- …
- 7
- Next Page »