Did you know that 28% of world manufacturing happens in China? This may not be surprising; China has a population of over 1 billion. The next global manufacturing powerhouse on the list is the United States, at 16%–roughly half of the former. All of this is to say that businesses continue to flock to China to manufacture […]
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Recent data shows that the global supply chain is set to have a compound annual growth rate of 11.2% from 2020 to 2027. This translates to a $21.56 billion jump, from $15.85 in late 2019 to $37.41 billion in 2027. That said, the global supply chain is still reeling back from the devastating effects of the COVID-
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In the current international geopolitical climate, companies doing business internationally must take additional steps to protect their supply chains from disruption. If you sell goods or services to anyone in Russia or Ukraine, then the political and economic instability in those countries could affect your business in more ways than one. By taking these seven
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Despite the global supply chain being worth a staggering $15.85 billion, only 6% of companies have full visibility of their supply chain. Ensuring a steady supply chain is one of the most crucial aspects of running a business. It ensures that you get goods from the manufacturer and sell them to customers without fail. If you’re
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For businesses importing and exporting across countries, navigating the choppy seas of the international supply chain has been difficult for some time now. Delays, product shortages and rising costs continue to interrupt businesses of all sizes. Can you relate? Are you still worrying about your supply chain? Do you think about what you will be
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