While retailers and shippers may balk at the prospect of altering the functional status quo, making concrete changes to protect workers will pay dividends in the long run.
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.
As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.