Challenges and Considerations for Nearshoring to Mexico

For years, Mexico has been the primary target for most nearshoring initiatives. Its proximity to the U.S., skilled workforce, and favorable trade agreements makes a compelling option. Beneath the headlines of the movement lies a complex landscape with both advantages and disadvantages. This report dives into the key considerations for companies contemplating a nearshoring Read Insight

2024-05-16T09:59:14-06:00May 16th, 2024|Supply Chain Insights|

Navigating Tariff Tides: Supply Chain Strategies Ahead of 2024 Elections

As the 2024 presidential election approaches, trade policies and tariffs are shaping up to be key issues that could significantly impact supply chains and business costs. This week's presidential announcement where Biden called for increased tariffs on China EVs, EV components, metals, medical products, and more. This is an addition to the administrations previous Read Insight

2024-05-15T10:28:44-06:00May 15th, 2024|General News, Supply Chain Insights|

Navigating Tariff Tides: A Conversation with Jim Pratt on Supply Chain Strategies Ahead of 2024 Elections

As the 2024 presidential election approaches, trade policies and tariffs are shaping up to be key issues that could significantly impact supply chains and business costs. In light of this week's presidential announcement where Biden called for increased China tariffs, knowing how to navigate these pitfalls by implementing diversification and contingency plans is key. Read Insight

2024-04-18T13:13:25-06:00April 18th, 2024|General News, Supply Chain Insights|

How does Forsyth Advisors Define “Supply Chain”

Most businesses define a supply chain as the activity between when a purchase order is placed, received by a vendor, produced, and delivered to a processing factory or warehouse for storage. But does a business make money when a product is delivered to their location? A supply chain includes much more and understanding that Read Insight

2024-04-16T08:25:39-06:00April 16th, 2024|Supply Chain Insights|

6 Things You Should Ask About Exercising Your Supply Chain

As the first quarter of 2024 draws to an end, many of us might be evaluating our New Years Resolutions to increase activity, eat better, or maybe the focus is on our professional lives. It’s also a good time to re-evaluate your supply chain with those same intentions in mind. Against protestations from a Read Insight

2024-04-11T09:22:17-06:00April 11th, 2024|Supply Chain Insights|

Tracking Commodities and Currency and Supplier Price Negotiations

Strategic sourcing internationally carries heightened level of complexities and simpler tactics can get lost when performing a supply chain visualization. Tracking commodities pricing and currency fluctuations is a meaningful add in to your cost reduction strategies with the added benefit of letting your supplier know you're watching during supply chain negotiations. Pricing on commodities Read Insight

2024-04-16T06:54:39-06:00April 4th, 2024|Supply Chain Insights|

Suppler Chain Visualization: The A, B, C, (and D’s) of Stock Keeping Unit (SKU) Management: Aligning Inventory with Supply Base and Demand

Stock Keeping Unit (SKU) management levels are driven by two metrics: Volume and Volatility, which focuses on a team's ability to provide perfect orders management. Our team of Supply Chain Consultants at Forsyth Advisors presents how historical data can help set, and manage, inventory levels.  Using historical data and supply chain map, a supply Read Insight

2024-03-27T07:58:03-06:00March 27th, 2024|Supply Chain Insights|

Cost of Quality in your Supply Chain: How it is calculated and how can it drive improvements to your supply chain?

A hidden effect in inventory costs is the Cost of Quality (CoQ). The CoQ reflects the amount of money spent managing malfunctioning product, damaged goods or stock out due to inconsistent supply  An example: If you're shipping 1,000 items on a container that you sell on the market for $5 each The container costs $4,000 to ship Read Insight

2024-03-19T08:51:09-06:00March 19th, 2024|Supply Chain Insights|

Outlooks on Tariffs

Trade has not been a front burner issue within the 2024 election year echo-chamber, which has focused on immigration, the wars in Ukraine and Gaza, Russia, and inflation. However, inflation is related to tariffs, especially with the West's reliance on China. Intuitively, in an environment where an administration is focusing on reducing inflation, applying Read Insight

2024-03-13T08:04:24-06:00March 13th, 2024|Supply Chain Insights|

What Does That Have to Do with the Price of Banana’s?

My mother had this saying whenever she heard some nonsense excuse:  "What does that have to do with the price of bananas" which translated to "Your inane excuse for not doing chores is irrelevant. Stop talking and do it" Over the past 2 weeks, Hot-rolled Steel has fallen another $65 (or 7.2%) to $840 Read Insight

2024-03-05T15:22:26-06:00March 5th, 2024|Supply Chain Insights|
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