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Hundreds of Aston Martin cars left unfinished amid supply chain struggles
Yahoo! News reports that hundreds of Aston Martin supercars have been left unfinished as the beleaguered luxury carmaker struggles to procure parts amid supply chain struggles brought on by lockdowns in China and War in Ukraine. The iconic British brand and James Bond favorite…
Read MoreTop automaker CEO: Don’t expect a sudden turnaround on supply chain problems
CNBC reports that Renault’s CEO believes there will be no sudden let up in the supply chain shortages that have dogged the autos industry, even as the carmaker dubbed its “emergency” period over. “We don’t anticipate a sudden, complete improvement…
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How auto companies are adapting to the global chip shortage due to supply chain disruptions
According to MIT Sloan, and our own experience, the auto industry was hamstrung by the global microchip shortage in 2021, resulting in losing more than $200 billion. Eleven million fewer vehicles were produced; manufacturing plants idled. Ford suspended operation at some plants to focus efforts…
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The Russian invasion of Ukraine is having an outsized impact on the global supply chain
MIT Sloan has an article about how the Russian invasion of Ukraine is impacting the global economy, specifically regarding the supply chain. According to Sloan, the conflict is impeding the flow of goods, fueling dramatic cost increases and product shortages, and…
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Procurement Execs Say Supply Chains Could Use a Tech Injection
According to the Sourcing Journal, a majority of procurement executives indicated “significant disruption” in their raw materials supply chains, with 67 percent saying the technology solutions they currently use are not likely to be able to handle the headwinds expected over the…
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Why the Menswear Market Is on Fire
Business of Fashion Magazine (sub req’d) says there is an “unprecedented” boom in the men’s market and tries to break down why. London-based luxury retailer MatchesFashion reports that sales of men’s clothing are up 40 percent compared to the same…
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Some towns in Massachusetts are taking fluoride out of their tap water due to supply chain issues
According to MSN news, some Massachusetts towns are removing fluoride from their water due to supply chain backlogs, leaving teeth to rot. For example, Dr. Douglas Chespak of Varinos Dental Associates says fluoride is one of the biggest fighters against…
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CEOs Start to Turn Supply-Chain Reshoring Talk Into Action
The latest Bloomberg analysis shows US executives have been saying onshoring, reshoring or nearshoring at a greater rate this year than during the first six months of the pandemic, according to earnings call and conference presentations Bloomberg reviewed. There are concrete…
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Why Frontline Supply Chain Workers Are Walking Out — It’s Not About Pay
This report from the Staffing Stream says frontline supply chain workers are quitting at a record rate. As the workforce shortage worsens, businesses are left scratching their heads as to what to do about it. Some brands, such as Walmart…
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