A serious component shortage five years ago led Hewlett-Packard to develop Procurement Risk Management, a combination of new processes and technology designed to help HP manage supply chain risk. This project was named 2005 winner of the Supply Chain Innovation Award.
The opportunities and challenges for serving China's domestic market are enormous. The secrets to success are a reliable supply chain with trusted partners and reliable 3PLs that can navigate China's immature infrastructure and complex regulatory environment.
The shift of manufacturing to China and elsewhere is lengthening supply lines and complicating the job of logistics managers. Here are some of the major problems that result-and some proposed cures.
Private-branded merchandise brings higher margins and brand recognition in the competitive world of retailing. But it also calls for greater control over the supply chain.
Low-cost labor is driving the stampede of manufacturers to China, but they must also consider the logistics implications of a longer supply chain and under-developed local infrastructure.