Singapore should leverage the power of data and digitalisation and avoid taking sides in global conflicts to ensure it plays a central role in future supply chains, a government minister has said.
Technology company HP has announced it is moving away from its lean supply chain model as it seeks future resiliency with partners, according to supply chain chief Ernest Nicholas.
Nine in 10 (87%) retailers believe supply chains will not return to how they were before the crisis, a survey has revealed.
The German government has approved legislation that will require train operators to prioritise carrying mineral-oil products and hard coal destined for power generators over other freight and passengers.
Tesla has overcome “supply chain hell” to report strong production figures through measures including greater efficiency and improved factory processes.
Asia is likely to grow rather than shrink in importance for international businesses despite the pandemic leading to talk of reshoring supply chains, according to McKinsey.
South Korean truckers have gone on strike over high fuel prices and plans to end temporary measures put in place by the government to guarantee minimum wages and ensure safe driving.
Shanghai port is operating at 95.3% of normal capacity, easing fears of supply chain disruption as the city finally begins to lift its two-month lockdown