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Helpful Articles - Supply Chain

Recent data from the Bureau of Labor and Statistics has confirmed what many consumers have already recognized at the cash register: Prices continue to rise for goods and services. 7.9% increase in Consumer Price Index Feb. 2021-2022 From February 2021 to February 2022, the Consumer Price Index for All Urban Consumers (CPI-U) rose by 7.9%—the largest 12-month change since January 1982. . In other words, consumers are paying 7.9% more for goods and services than they were a year ago. What’s behind these sharp price increases? Basic economics of supply and demand. This balance was disrupted during the pandemic. As companies struggle to get their […]

Empty dealership lots. Long waiting lists for new vehicles. Higher prices for both new and used cars. The semiconductor chip shortage hit the auto industry hard, impacting manufacturers, dealers, and consumers alike: Consulting firm Alix Partners has estimated that the shortage will cost the automotive industry $210 billion in lost revenue in 2021, $100 billion more than the firm’s initial estimates. AutoForecast Solutions projects that 11.3 million vehicles will be cut from production plans before the crisis is resolved. Additionally, some experts anticipate that shortages will last at least into 2023, with Cox Automotive estimating that it will take at least until 2025 for the […]

In a competitive environment, many businesses search in earnest for anything that can offer them a strategic edge. In these situations, their eyes often turn to their supply chains. Some organizations consider optimizing what they already have. Others, look further afield to ask how supply chain integration strategies can help them gain a stronger foothold in their niche. In this article, we’ll take a closer look at the concept of supply chain integration. What is it? And how can your business leverage supply chain integration to get an edge in your marketplace? We’ll start by setting the groundwork with a few definitions. What Is Supply […]