The Group of Seven (G7) finance leaders recently pledged to increase global supply chain diversification, with an expert describing the move as “de-Chinaization”. The G7 Finance Ministers’ meeting in Niigata, Japan, ended on May 13, laying the groundwork for the G7 Leaders’ Summit in Hiroshima from May 19 to 21. According to a Reuters report,…
G7 Summit to Push for Global Supply Chain ‘De-Chinaization,’ Expert Says
May 18, 2023
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How Do We Improve Global Maritime Security?
Commentary Once again Iran’s robed dictators are launching attacks on oil tankers attempting to transit the Strait of Hormuz. In the last two weeks of April, Iranian forces boarded and seized two oil tankers. One tanker carried crude destined for the United States, so its seizure constituted a direct attack on American maritime commerce. Iran’s…
IN-DEPTH: Insiders Say AI Could Have Greater Impact on Supply Chain Than the Internet
As the debate continues over artificial intelligence’s role in the digital world, the supply chain management industry is wasting no time jumping on board. For those in the business, AI integration can’t happen soon enough. Some U.S.–based supply chain management experts say AI will have an even more “profound” impact on the industry than the…
Taiwan’s Exports Down for Three Consecutive Months Amid Weakening Chinese Economy
Impacted by China’s weakening economy and falling demand from end-users, Taiwan’s Department of Statistics said that the country’s export orders plunged by 23.4 percent in November compared to the same month last year. The drop marked the third consecutive monthly year-on-year decline and the sharpest fall since March 2009. Experts said it is almost a foregone…
Taiwan Experts Weigh in on TSMC’s Plan to Bring Leading-Edge 3Nm Chip Tech to US
December 1, 2022
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Taiwan Semiconductor Manufacturing Co. (TSMC)—the world’s most advanced contract chipmaker—is bringing its leading-edge 3-nanometer chip production process to its upcoming new plant in the U.S. state of Arizona, the company’s founder, Morris Chang, said on Nov. 2. But Chang’s statement has drawn concerns and criticism that the move would affect the core competitiveness of Taiwan’s…
China Locks Down World’s Largest Wholesale Hub, South China Sea Port Due to New COVID-19 Outbreak
August 7, 2022
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Asia & PacificCCP VirusChinaChina Business & EconomyChinese Regimeglobal supply chainINSIDE CHINAOmicronsanyaSpecial Topicswholesale hubWorldYiwu
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The Chinese communist regime has put the world largest wholesale hub, Yiwu city in east China, under semi lockdown due to a new outbreak of COVID-19. Meanwhile, “China’s Hawaii” in the South China Sea has also locked down due to a sudden outbreak. The new lockdowns have renewed concerns for disruptions to global trade and…
China Orders Manufacturers Into ‘Closed-Loop’ Production, More Partial Lockdowns in Megacities as COVID-19 Continues to Spread
July 29, 2022
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Shenzhen authorities ordered manufacturers in the economic hub, including Apple suppliers, into a 7-day “closed-loop” production mode, as COVID-19 continues to spread in the city despite following the regime’s strict zero-COVID policy. The move has caused concerns about the possibility of longer mass lockdowns of factories like there were in Shanghai earlier this year. Meanwhile,…
US and China Compete to Intensify Ties With New South Korean Leadership
News Analysis The United States and China are seeking to strengthen their ties with South Korea’s new conservative government. U.S. President Joe Biden lands in South Korea late Friday as part of a six-day trip that also includes Japan. Biden has of course, in advance, reaffirmed the need for a strong U.S.-South Korea alliance. Meanwhile,…
South Korean Conglomerates Diversify Production Bases and Cut Reliance on China
April 26, 2022
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New Analysis Faced with rising raw material costs and poor logistics, major South Korean firms have accelerated their expansion of production bases worldwide to reduce over-reliance on China. Korean conglomerates such as Samsung, SK Group, Hyundai Motor, Posco, and Lotte have put forward their measures to address the pressures facing the global supply chain. The…
Experts Warn of China’s Near-Monopoly on Freight Container Production, Threatening Global Supply Chain
April 17, 2022
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News Analysis A recent report from the U.S. Federal Maritime Commission (FMC) showed that China’s control of global container manufacturing poses a threat to supply chains and economies worldwide. On March 30, FMC Commissioner Carl Bentzel released his assessment (pdf) of China’s control of container and intermodal chassis manufacturing after a year of research, market…
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