Other shipping giants including Mediterranean Shipping Company (MSC), CMA CGM and Hapag-Lloyd have also been avoiding the Red Sea route because of the increased threat of attacks.

Mass production at the upcoming $17 billion fab would begin in 2025, the newspaper reported, citing a speech by President Choi Siyoung of Samsung’s foundry business.

For the past few years, the topic of the microchip shortage dominated media headlines. Now, another shortage is creating obstacles on the path to equilibrium in the semiconductor supply chain: talent.

Fast-moving consumer goods (FMCG) supply chains continue to find themselves dealing with both labor shortages and external pressures due to global disruptions.

From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success.

As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.

While most supply chain disruptions have dissipated, continued challenges led to the White House giving supply chains another bump in the news cycle with its inaugural meeting of the Council on Supply Chain Resilience.

The transportation and logistics industry is still lagging far behind other sectors in taking basic steps toward automation of manual processes.

Every major commercial shipping line is rerouting vessels away from the Suez Canal in response to the recent series of missile attacks by Houthi militants in the Red Sea.

More than 100 supply chain, logistics, manufacturing, and procurement professionals gathered in Houston to discuss the challenges and opportunities in today’s post-pandemic landscape.