TECHNOLOGY & AI
TECHNOLOGY & AI
availability and minimal impact on their daily routine ,” Mehmet says . “ To put this into perspective , e2open trade experts have gone from making more than 23m to more than 73m changes to their Global Knowledge database in 2023 alone . This datapoint alone should give you an idea of the increase in complexity we are currently immersed in .”
China ' s strategy contributes to preventing a recession , while simultaneously causing imbalances for specific products within the manufacturing sector and across the supply chain .
“ Simultaneously , Chinese banks are shifting from lending to the domestic property sector to funding Beijing ' s manufacturing sectors , pressuring advanced economies to fulfil demand cost-competitively ,” he says .
The trend of nearshoring and friend-shoring could benefit countries like Mexico and Vietnam , altering global manufacturing shares . High-tech organisations such as Intel , HP , Dell and Apple , have been dealing with problems like raw material shortages since their inception , so this transition offers opportunities for companies , originally addressing high-tech industry challenges , to support diverse industries facing similar supply chain issues amid escalating trade wars .
“ It emphasises the need for companies to gain control over their multi-enterprise supply chain to adapt their end-to-end value chain considering growth , costs , margins and risks ,” Mehmet explains .
Chinese workers making rechargeable Li-ion battery cells
118 [ May 2024 ] EVMAGAZINE . COM