[5 min read] Alexandra Frost’s article Sriracha shortage: Supply chain woes strike Huy Fong Foods again, exemplifies the critical importance of honing a sound supply chain strategy. The story begins with an anecdote from Polly Mitchell-Guthrie, a supply chain expert, who noticed an unfamiliar sriracha bottle at a Vietnamese restaurant. This seemingly minor observation Read Insight
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
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
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
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
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
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
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
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
A supply chain is not just from a supplier to your warehouse, but rather from a Purchase Order through to Supplier, Delivery of product to a customer and receipt of payment and, hopefully, feedback on the product. Here are a few things to watch for as indications that you supply chain needs a review Read Insight
