The semiconductor industry faces challenges in production efficiency and supply chain complexities, as geopolitical tensions prompt a reassessment of offshoring strategies. Manufacturers are prioritizing security in addition to cost savings, with a growing emphasis on compliance and regulatory vigilance. Distributors are vital in helping customers navigate the evolving landscape and

The Biden administration secures $6.4 billion deal with Samsung Electronics to bring semiconductor expertise to the U.S. This deal is a part of the CHIPS and Science Act initiative to strengthen supply chains and protect national security. Samsung will establish a new chip facility in Texas to produce

The shortage of electrical equipment is impacting utility supply chains, causing rising prices and longer lead times. Manufacturing investments and the growing demand from data centers and electric vehicles are driving electricity consumption higher. Transformers and switchgear are in short supply, with prices up by 40-60% and lead times increasing.

China has criticized the U.S. for planning new restrictions on its steel and aluminum products, calling it arbitrary and harmful to global supply chains. The U.S. intends to impose 25% tariffs on some Chinese products as part of efforts to support its steel industry. Despite minimal impact on

In a recent article, Michael Jacobs, the Senior Vice President for Supply Chain at Ferguson, discussed the company's complex supply chain operations as a distributor of plumbing and heating products. Ferguson serves over a million customers in the US and Canada, sourced goods from 36,000 suppliers in

TVS Supply Chain Solutions Limited subsidiary, TVS SCS North America, achieved Partner-level supplier status in the John Deere 'Achieving Excellence Program' for 2023. This recognition highlights their dedication to quality products and services. TVS SCS North America was praised for continuous improvement in key performance categories. The company

Redwood Materials in Nevada has made significant strides towards creating a closed-loop battery materials supply chain, including ramping up hydrometallurgical operations, producing battery anode copper foil, and commissioning a large-scale recycling rotary calciner. The company's environmentally responsible approach boasts a 95% lithium recovery rate, reducing environmental impact and

Smaller economies like Malaysia are making strides in the semiconductor supply chain, moving away from low-end production towards services that enable production. With the tech rivalry between the U.S. and China intensifying, companies are looking for alternatives. Neighboring Singapore is also attracting significant investments in the semiconductor industry. These

A new open-access platform, Supply Trace, has been launched by Northeastern and Sheffield Hallam Universities to help identify forced labor risks in supply chains. The platform, currently in the pilot phase targeting the apparel sector, leverages data and machine learning algorithms to trace relationships between entities. Plans are in place

Seoul, South Korea has implemented the U.S.-led Indo-Pacific Economic Framework (IPEF) agreement on supply chains. Trade Minister Cheong In-kyo stated that measures will be taken to utilize the IPEF to support the industrial supply chain. The agreement, launched by President Joe Biden in 2022, focuses on trade, supply

Global supply chain dynamics. The US is attracting foreign investment in the semiconductor industry, with companies like TSMC and SK Hynix planning significant investments. Despite the US implementing export controls on China, China is also adopting similar measures. This has led to shifts in global supply chains, with Mexico surpassing

Senior trade officials from South Korea and the United States discussed preparations for upcoming talks with Japan. Deputy Minister for Trade Yang Byeong-nae met with U.S. officials during a visit to Washington. The discussions included plans for a trilateral industry ministers' meeting and a Supply Chain and Commercial

US wheat farmers are struggling to break even in 2024 due to low prices and high costs. Winter wheat farmers in the Great Plains may lose money despite a good crop. Global grain oversupply and competition from Black Sea and European wheat are driving prices down. US farm income is

U.S. Treasury Secretary Janet Yellen warns that Iran's recent missile attack on Israel could lead to economic spillover, prompting further sanctions. Yellen vows to work with allies to disrupt Iran's destabilizing activities, denouncing the attack as a threat to regional stability. Existing sanctions already prohibit

EY helps clients create long-term value through data and technology-driven solutions. Their services focus on assurance, transformation, and growth in various industries. EY's purpose is to build a better working world by creating trust and value. They recently became carbon negative and prioritize audit quality. EY's