The recent announcement by Ford Motor Co. that it was planning to develop and produce at least some of its own semiconductor chips signals a sharp reversal of a decades-long practice.
In 2020, the average cost of Thanksgiving dinner for a family of 10 was $46.90 per person, an all-time low. Fast forward to 2021, and Thanksgiving was the most expensive on record.
Carmakers like Volkswagen and General Motors should brace for the global semiconductor shortage to last beyond next year and redesign cars so they need fewer of the high-tech components, according to analysts.
In the face of major supply chain disruptions like port congestion, there are proactive measures you can take to mitigate the risks to your supply chain, starting with multi-tier visibility.
Wedged up against the southern edge of the Rio Grande, the sprawling desert city of Juarez has seen its share of economic booms over the years. But perhaps none quite like the one that’s taken hold today.
Restrictions on empty-container returns at major ports are the top issue that needs fixing to help ease U.S. supply chain bottlenecks, the head of the Harbor Trucking Association said, adding that true round-the-clock operations aren’t yet in place.
Bill Currence, president and managing partner of Cornerstone Consulting Organization, discusses the factors that are both beyond and within the control of manufacturers suffering through the current supply chain crisis.