New Website Offers Used Materials Handling Kit from Yale dealers

Yale Europe Materials Handling has launched Yaleused.com, which will help end-customers across EMEA find affordable, reliable, and high performing used and refurbished Yale products in an approved sales channel.

The new website provides approved Yale dealers with an exclusive platform to advertise used and refurbished materials handling equipment. Customers are able to search for immediately available equipment for sale or to rent, to meet their current application requirements and business circumstances.

“We’re thrilled with the opportunities Yaleused.com will offer to our dealers to promote available used Yale equipment,” said David McIntyre, Re-Marketing Manager. “Not every application requires a new forklift. Businesses may find themselves in a situation where they need to source a forklift immediately or are required to reduce expenditure. They may even need a back-up forklift to keep their operations moving smoothly. The new website will enable them to source used equipment, from a local Yale dealer at a budget to suit their individual needs.”

Peace of mind
Demand for quality used equipment continues to grow, and with it a need for a professional approach. Second-life products offer companies an affordable option to meet their immediate requirements.

“Yaleused.com gives customers instant visibility of the variety of used products available from an authorised Yale dealer and provides easy communication with the seller. Customers can find second-life machinery manufactured by a leading, global forklift manufacturer, offering the peace of mind that an official Yale dealer can offer,” said David McIntyre.

David added, “As well as offering fully serviced, well-maintained and high quality machines with instant availability, customers benefit from the local presence of an authorised Yale dealer who can provide full parts and service support, warranties and finance options.”

Alongside the new customer-facing website is a separate Inventory Management System and a Dealer-to-Dealer advertising platform, aimed to help Yale dealers to control their stock and communicate effectively with the extensive Yale dealer network across EMEA and globally.

“With interest in used and refurbished equipment continuing to grow, we’re pleased existing and new customers will be able to source quality Yale products with great ease and be confident that they will continue to be reliable and productive for many years to come,” concluded David.

Denholm Global Logistics Acquires African Logistics Marketing

Freight-forwarding business Denholm Global Logistics has bought African Logistics Marketing, enhancing its air freight capability and reinforcing its well-established African presence.

African Logistics Marketing, based at Dolphin Industrial Estate, Sunbury, Middlesex, is a specialist air freight business, focusing, as the trading name indicates, on the UK-African trade. The founder of the business, Richard Geary, has vast experience in the African market, having worked for blue-chip companies trading in Africa, such as Ocean Group, Elder Dempster, and SDV, before setting up his own business. Richard joins Denholm Global Logistics as Air Freight Director and brings with him a team of four: Graeme Hearne (Branch Manager); Andrew Parsons (Operations Manager); David Borg; and Sean McGuigan, who each have extensive experience in the air freight and African trade.

The acquisition significantly strengthens the air freight capability of Denholm Global Logistics and complements its existing worldwide service offering. It also builds on the business’ already strong African presence, gained by the purchase of African sea freight specialist, Bennett & McMahon, in 2017.

As of the 1st June 2020, African Logistics Marketing has been trading as a branch of Denholm Global Logistics, which is headed by Managing Director Mike McMahon. Commenting on the acquisition, Mr. McMahon said: “I am delighted that African Logistics Marketing has joined Denholm Global Logistics. Richard Geary and his colleagues have a wealth of experience, both in air freight and in African trade. Their expertise complements our African and global credentials and enhances the flexible and innovative freight forwarding solutions Denholm Global Logistics provides to our clients.”

Denholm Global Logistics is a company of Denholm Logistics Group, one of the four divisions of diversified family-owned business The Denholm Group. Based in Liverpool and led by family member Niall Denholm, Denholm Logistics Group provides all aspects of logistics, and operates businesses not only in forwarding, but also warehousing, distribution, stevedoring, port agency and vessel chartering. The business has experienced significant growth over the last ten years, through its strategy of acquisition and organic expansion in the UK and Ireland.

Denholm Global Logistics Acquires African Logistics Marketing

Freight-forwarding business Denholm Global Logistics has bought African Logistics Marketing, enhancing its air freight capability and reinforcing its well-established African presence.

African Logistics Marketing, based at Dolphin Industrial Estate, Sunbury, Middlesex, is a specialist air freight business, focusing, as the trading name indicates, on the UK-African trade. The founder of the business, Richard Geary, has vast experience in the African market, having worked for blue-chip companies trading in Africa, such as Ocean Group, Elder Dempster, and SDV, before setting up his own business. Richard joins Denholm Global Logistics as Air Freight Director and brings with him a team of four: Graeme Hearne (Branch Manager); Andrew Parsons (Operations Manager); David Borg; and Sean McGuigan, who each have extensive experience in the air freight and African trade.

The acquisition significantly strengthens the air freight capability of Denholm Global Logistics and complements its existing worldwide service offering. It also builds on the business’ already strong African presence, gained by the purchase of African sea freight specialist, Bennett & McMahon, in 2017.

As of the 1st June 2020, African Logistics Marketing has been trading as a branch of Denholm Global Logistics, which is headed by Managing Director Mike McMahon. Commenting on the acquisition, Mr. McMahon said: “I am delighted that African Logistics Marketing has joined Denholm Global Logistics. Richard Geary and his colleagues have a wealth of experience, both in air freight and in African trade. Their expertise complements our African and global credentials and enhances the flexible and innovative freight forwarding solutions Denholm Global Logistics provides to our clients.”

Denholm Global Logistics is a company of Denholm Logistics Group, one of the four divisions of diversified family-owned business The Denholm Group. Based in Liverpool and led by family member Niall Denholm, Denholm Logistics Group provides all aspects of logistics, and operates businesses not only in forwarding, but also warehousing, distribution, stevedoring, port agency and vessel chartering. The business has experienced significant growth over the last ten years, through its strategy of acquisition and organic expansion in the UK and Ireland.

Leading the way for the Mobile Robot Takeover

Intelligent mobile robots have the potential to transform intralogistics performance, writes Frazer Watson, Head of Sales Europe for Hikrobot at Invar Systems.

A shift from fixed automation is taking place, as mobile robots are fast becoming a familiar sight within warehouse and intralogistics applications around the world. Autonomous Mobile Robots (AMRs) do not require external infrastructure to navigate a site. Instead they use integral sensors and cameras. With declining costs of this navigation technology and customers seeking solutions offering greater flexibility, global tech market advisory firm ABI Research forecasts that total shipments of AMRs will reach 2.9 million by 2030.

The leading AMR producer in China, Hikrobot has been driving the movement to transform intralogistics globally having commenced international installations three years ago. Of the 15,000 Hikrobots deployed globally today, some 2000 are shipped outside of China to markets across Asia, US and Europe. Employing over 1000 staff, including over 800 engineers, last year Hikrobot manufactured approximately 8000 robots, with a current capacity to produce 1000 robots per month. Planned expansion to the production facility will boost capacity to 3000 robots per month, to support a rapidly growing share of markets across the globe.

This of course includes Europe and the UK, where the number of companies understanding the productive power and cost efficiency of these platforms is ramping up. Hikrobot’s first UK application is at Superdry. The global fashion brand is leveraging the flexibility of intelligent mini-robot carriers to transform order picking and put-away at its UK hub – just part of a phased rollout of goods-to-person robotics that will boost productivity across its international network of multi-channel fulfilment centres.

Ecommerce companies along with manufacturers are the two sectors currently trailblazing the uptake of this technology, but any company, large or small, with a warehouse and requirement for materials handling can benefit – whether they are in retail, apparel, automotive, electronics or third party logistics (3PL). With the AMR platform, robots can be added in stages as required, meaning companies can start out with a low capital expenditure solution for three critical applications: goods-to-person order picking in the warehouse; movement of materials to production line or around warehouses; and sorting, particularly for parcels in logistics and ecommerce operations.

Given that all customers are generally new to this technology, many will ask: what marks out a good AMR? Productivity boosting performance is the prime advantage. The new generation of technology can move high load capacities at great speeds. Labour cost savings and efficiency improvements are clearly demonstrated at a client that is one of the world’s largest security product manufacturers. It operates Hikrobots for a variety of functions such as inbound delivery, outbound delivery, stock transfer, allocation, and inventory for raw materials, semi-finished products and finished products. Compared to a manual warehouse, this smart and agile warehouse solution reduces labour cost by 58% and improves efficiency by 84%.

Companies naturally need technology that is reliable. Hikrobot, for example, will only release a solution to the market once it has completely verified its stability. Components and fully assembled robots are thoroughly tested to ensure that each robot shipped to the customer is fully compliant and reliable.

AMRs offer a highly flexible solution that is also easy to replicate in warehouses across an organisation. For example, many 3PLs with multiple sites, often globally, can implement the same proven and successful ‘universal solution’ across their estate. Furthermore, if business circumstances change, such as during peaks like Black Friday and Christmas, it is simple to reconfigure the software and add or reduce the number of robots on a site as required.

Software is a core technology to manage the robots and maximise control and performance. Getting large warehouse management software (WMS) vendors engaged to write the interfaces for materials handling systems can sometimes present a hurdle for any automation project. This is why most big automation companies offer their own warehouse control software (WCS) with their hardware – in the UK, Invar Systems writes the WCS for Hikrobot platforms. When docking with a company’s upper system intelligent AMRs deliver easy to query digitised warehousing. The AMRs produce standardised data, free from human error to feed AI and big data technology. With this information, companies can optimise business processes such as labour resource management – for example redeploying people to where they can be most productive – boosting operational performance.

Such is the case at DHL’s North Asia Hub, located at Shanghai Pudong International Airport. Here, up to 20,000 documents and 20,000 packages are processed per hour. A Hikrobot warehouse solution, comprising a relatively small fleet of 10 intelligent AMRs, saves time and labour for locating rush-order goods by removing the constraints of having people enter a transfer area to find goods manually. The process now requires only one employee to fulfill a daily operation.

The provision of a WCS is particularly important for smaller automated materials handling projects or the first steps of a modular development, where the cost of providing an interface with a WMS can be budget-breaking. Invar can also provide a WMS if a company requires one. And because Invar installs and supports the Hikrobot systems in the UK, we can manage the whole suite of software locally. Customers get a UK phone number and we can get people to site within a couple of hours.

Ultimately an AMR platform provides a quick, cost effective, and modular system that improves productivity in a DC at a cost competitive price – and will allow the customer to have an enormous amount of input into configuration. This compelling combination gives the kind of competitive edge that appeals to operations of all kinds around the world.

Leading the way for the Mobile Robot Takeover

Intelligent mobile robots have the potential to transform intralogistics performance, writes Frazer Watson, Head of Sales Europe for Hikrobot at Invar Systems.

A shift from fixed automation is taking place, as mobile robots are fast becoming a familiar sight within warehouse and intralogistics applications around the world. Autonomous Mobile Robots (AMRs) do not require external infrastructure to navigate a site. Instead they use integral sensors and cameras. With declining costs of this navigation technology and customers seeking solutions offering greater flexibility, global tech market advisory firm ABI Research forecasts that total shipments of AMRs will reach 2.9 million by 2030.

The leading AMR producer in China, Hikrobot has been driving the movement to transform intralogistics globally having commenced international installations three years ago. Of the 15,000 Hikrobots deployed globally today, some 2000 are shipped outside of China to markets across Asia, US and Europe. Employing over 1000 staff, including over 800 engineers, last year Hikrobot manufactured approximately 8000 robots, with a current capacity to produce 1000 robots per month. Planned expansion to the production facility will boost capacity to 3000 robots per month, to support a rapidly growing share of markets across the globe.

This of course includes Europe and the UK, where the number of companies understanding the productive power and cost efficiency of these platforms is ramping up. Hikrobot’s first UK application is at Superdry. The global fashion brand is leveraging the flexibility of intelligent mini-robot carriers to transform order picking and put-away at its UK hub – just part of a phased rollout of goods-to-person robotics that will boost productivity across its international network of multi-channel fulfilment centres.

Ecommerce companies along with manufacturers are the two sectors currently trailblazing the uptake of this technology, but any company, large or small, with a warehouse and requirement for materials handling can benefit – whether they are in retail, apparel, automotive, electronics or third party logistics (3PL). With the AMR platform, robots can be added in stages as required, meaning companies can start out with a low capital expenditure solution for three critical applications: goods-to-person order picking in the warehouse; movement of materials to production line or around warehouses; and sorting, particularly for parcels in logistics and ecommerce operations.

Given that all customers are generally new to this technology, many will ask: what marks out a good AMR? Productivity boosting performance is the prime advantage. The new generation of technology can move high load capacities at great speeds. Labour cost savings and efficiency improvements are clearly demonstrated at a client that is one of the world’s largest security product manufacturers. It operates Hikrobots for a variety of functions such as inbound delivery, outbound delivery, stock transfer, allocation, and inventory for raw materials, semi-finished products and finished products. Compared to a manual warehouse, this smart and agile warehouse solution reduces labour cost by 58% and improves efficiency by 84%.

Companies naturally need technology that is reliable. Hikrobot, for example, will only release a solution to the market once it has completely verified its stability. Components and fully assembled robots are thoroughly tested to ensure that each robot shipped to the customer is fully compliant and reliable.

AMRs offer a highly flexible solution that is also easy to replicate in warehouses across an organisation. For example, many 3PLs with multiple sites, often globally, can implement the same proven and successful ‘universal solution’ across their estate. Furthermore, if business circumstances change, such as during peaks like Black Friday and Christmas, it is simple to reconfigure the software and add or reduce the number of robots on a site as required.

Software is a core technology to manage the robots and maximise control and performance. Getting large warehouse management software (WMS) vendors engaged to write the interfaces for materials handling systems can sometimes present a hurdle for any automation project. This is why most big automation companies offer their own warehouse control software (WCS) with their hardware – in the UK, Invar Systems writes the WCS for Hikrobot platforms. When docking with a company’s upper system intelligent AMRs deliver easy to query digitised warehousing. The AMRs produce standardised data, free from human error to feed AI and big data technology. With this information, companies can optimise business processes such as labour resource management – for example redeploying people to where they can be most productive – boosting operational performance.

Such is the case at DHL’s North Asia Hub, located at Shanghai Pudong International Airport. Here, up to 20,000 documents and 20,000 packages are processed per hour. A Hikrobot warehouse solution, comprising a relatively small fleet of 10 intelligent AMRs, saves time and labour for locating rush-order goods by removing the constraints of having people enter a transfer area to find goods manually. The process now requires only one employee to fulfill a daily operation.

The provision of a WCS is particularly important for smaller automated materials handling projects or the first steps of a modular development, where the cost of providing an interface with a WMS can be budget-breaking. Invar can also provide a WMS if a company requires one. And because Invar installs and supports the Hikrobot systems in the UK, we can manage the whole suite of software locally. Customers get a UK phone number and we can get people to site within a couple of hours.

Ultimately an AMR platform provides a quick, cost effective, and modular system that improves productivity in a DC at a cost competitive price – and will allow the customer to have an enormous amount of input into configuration. This compelling combination gives the kind of competitive edge that appeals to operations of all kinds around the world.

Fully Electric Commercial Vehicle Powertrain

Hyliion Inc., a leader in electrified powertrain solutions for Class 8 commercial vehicles, announced today the launch of its Hypertruck Electric Range Extender (ERX), a long-haul, fully electric powertrain delivering superior performance, emissions reductions and cost-savings to the global trucking industry. The launch of the Hypertruck ERX is anchored by Agility, one of the world’s leading logistics companies with $5.2 billion in revenue and offices in 100 countries. Agility has confirmed a pre-order of up to 1,000 trucks and has agreed to invest in a private offering of securities to be issued by Tortoise Acquisition Corp. in connection with Hyliion’s recently announced business combination.

“Hyliion is leading the way in electrified trucking. Our practical solution addresses the most important needs of today’s fleets: cost savings, lower emissions and a fueling infrastructure that can support long-haul transportation,” said Hyliion’s CEO and founder, Thomas Healy. “We’re already seeing robust interest in the Hypertruck ERX from fleets like Agility who are looking for electric solutions that can be seamlessly integrated.”

Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range. The powertrain also produces electricity locally at roughly 30 percent less than the average grid cost, which yields a seven-year cost-of-ownership unmatched by any diesel, battery-electric (BEV) or hydrogen fuel-cell (FCEV) Class 8 truck under development.

“The Hyliion technology is so game-changing that all companies, especially those with consumer-facing brands, will be forced to adapt,” said Tarek Sultan, vice chairman and CEO of Agility. “It’s a triple win: Protect the environment, keep customers happy and benefit shareholders by improving the bottom line. We look forward to bringing significant cost savings and greater efficiency to our customers.”

With more than 700 public stations across the U.S., the Hypertruck ERX leverages a robust natural gas refueling infrastructure. The truck is the only electric Class 8 vehicle that can achieve a net-negative greenhouse gas emissions footprint using renewable natural gas (RNG). It will achieve 25 miles of pure electric vehicle range in compliance with cities adopting “Zero Emission Zones.” The vehicle’s low carbon footprint is further enhanced by the system’s machine learning algorithm, which optimizes energy efficiency, emissions, performance and predictive maintenance schedules.

Continuing Hyliion’s long-standing partner relationship with Dana Incorporated, the Hypertruck ERX will feature Dana’s electric motor, inverter and axle technologies, and Dana plans to provide its state-of-the-art manufacturing capabilities to support Hyliion in achieving full volume production of its powertrain systems. Initial Hypertruck ERX fleet demonstration vehicles have already been allocated to customers for delivery in 2021, with volume shipments scheduled in 2022

Fully Electric Commercial Vehicle Powertrain

Hyliion Inc., a leader in electrified powertrain solutions for Class 8 commercial vehicles, announced today the launch of its Hypertruck Electric Range Extender (ERX), a long-haul, fully electric powertrain delivering superior performance, emissions reductions and cost-savings to the global trucking industry. The launch of the Hypertruck ERX is anchored by Agility, one of the world’s leading logistics companies with $5.2 billion in revenue and offices in 100 countries. Agility has confirmed a pre-order of up to 1,000 trucks and has agreed to invest in a private offering of securities to be issued by Tortoise Acquisition Corp. in connection with Hyliion’s recently announced business combination.

“Hyliion is leading the way in electrified trucking. Our practical solution addresses the most important needs of today’s fleets: cost savings, lower emissions and a fueling infrastructure that can support long-haul transportation,” said Hyliion’s CEO and founder, Thomas Healy. “We’re already seeing robust interest in the Hypertruck ERX from fleets like Agility who are looking for electric solutions that can be seamlessly integrated.”

Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range. The powertrain also produces electricity locally at roughly 30 percent less than the average grid cost, which yields a seven-year cost-of-ownership unmatched by any diesel, battery-electric (BEV) or hydrogen fuel-cell (FCEV) Class 8 truck under development.

“The Hyliion technology is so game-changing that all companies, especially those with consumer-facing brands, will be forced to adapt,” said Tarek Sultan, vice chairman and CEO of Agility. “It’s a triple win: Protect the environment, keep customers happy and benefit shareholders by improving the bottom line. We look forward to bringing significant cost savings and greater efficiency to our customers.”

With more than 700 public stations across the U.S., the Hypertruck ERX leverages a robust natural gas refueling infrastructure. The truck is the only electric Class 8 vehicle that can achieve a net-negative greenhouse gas emissions footprint using renewable natural gas (RNG). It will achieve 25 miles of pure electric vehicle range in compliance with cities adopting “Zero Emission Zones.” The vehicle’s low carbon footprint is further enhanced by the system’s machine learning algorithm, which optimizes energy efficiency, emissions, performance and predictive maintenance schedules.

Continuing Hyliion’s long-standing partner relationship with Dana Incorporated, the Hypertruck ERX will feature Dana’s electric motor, inverter and axle technologies, and Dana plans to provide its state-of-the-art manufacturing capabilities to support Hyliion in achieving full volume production of its powertrain systems. Initial Hypertruck ERX fleet demonstration vehicles have already been allocated to customers for delivery in 2021, with volume shipments scheduled in 2022

Increased Road Freight Transport Demand

“In the first two weeks of June we can see that increased industrial output is having an impact on available transport capacity and also prices,” said Oliver Kahrs, Managing Director of Tim Consult, a Transporeon subsidiary. “Assuming that output continues to increase over the coming weeks this should have an effect on available capacity and could contribute towards further price stabilization. Nevertheless, depending on further pandemic developments, we would expect prices to remain well below pre-crisis levels at least for the next couple of months.”

• Compared to May, 22.5% less road transport capacity was available in the first two weeks of June on the European spot market.
• During the same period, spot prices saw a slight increase of 3%.
• Year on year, however, surplus capacity remains at a high level, +30.1% compared to June 2019, with prices remaining at a depressed level at -14.3% over the same timeframe.
• Reduced capacity surplus and improved prices in early June are mainly the result of increased industrial output.
• In the automotive industry surplus transport capacity fell by -22.4% while prices rose by +8.5% compared to May.
• Over the same period, surplus capacity fell by -21.5% while prices rose +11.3% within the fast-moving consumer goods sector.

This is the result of the current evaluation of the transport market monitor (TMM). The online service is provided by Tim Consult on the basis of transport data of more than 1.8 million freight loads per year, processed on the spot market by Transporeon, the European market leader for cloud-based platforms in transport logistics.

 

Increased Road Freight Transport Demand

“In the first two weeks of June we can see that increased industrial output is having an impact on available transport capacity and also prices,” said Oliver Kahrs, Managing Director of Tim Consult, a Transporeon subsidiary. “Assuming that output continues to increase over the coming weeks this should have an effect on available capacity and could contribute towards further price stabilization. Nevertheless, depending on further pandemic developments, we would expect prices to remain well below pre-crisis levels at least for the next couple of months.”

• Compared to May, 22.5% less road transport capacity was available in the first two weeks of June on the European spot market.
• During the same period, spot prices saw a slight increase of 3%.
• Year on year, however, surplus capacity remains at a high level, +30.1% compared to June 2019, with prices remaining at a depressed level at -14.3% over the same timeframe.
• Reduced capacity surplus and improved prices in early June are mainly the result of increased industrial output.
• In the automotive industry surplus transport capacity fell by -22.4% while prices rose by +8.5% compared to May.
• Over the same period, surplus capacity fell by -21.5% while prices rose +11.3% within the fast-moving consumer goods sector.

This is the result of the current evaluation of the transport market monitor (TMM). The online service is provided by Tim Consult on the basis of transport data of more than 1.8 million freight loads per year, processed on the spot market by Transporeon, the European market leader for cloud-based platforms in transport logistics.

 

Vietnam, Mexico and India All Benefit From China Supply Chain Flight

A Gartner, Inc, survey of 260 global supply chain leaders in February and March 2020 found that 33% had moved sourcing and manufacturing activities out of China or plan to do so in the next two to three years. Survey results show that the COVID-19 pandemic is only one of several disruptions that have put global supply chains under pressure.

“Global supply chains were being disrupted long before COVID-19 emerged,” said Kamala Raman, senior director analyst with the Gartner Supply Chain Practice. “Already in 2018 and 2019, the U.S.-China trade war made supply chain leaders aware of the weaknesses of their globalized supply chains and question the logic of heavily outsourced, concentrated and interdependent networks. As a result, a new focus on network resilience and the idea of more regional manufacturing emerged. But this kind of change comes with a price tag.”

For decades, China has been the go-to destination for high-quality, low-cost manufacturing, and it has established itself as a key source of supply for almost all major industries including retail and pharmaceutical. However, Gartner research showed that the margin between those companies planning to add jobs in China versus taking them away narrowed sharply in 2019. The primary reason is the increase in tariff costs.

“We have found that tariffs imposed by the U.S. and Chinese governments during the past years have increased supply chain costs by up to 10% for more than 40% of organizations. For just over one-quarter of respondents, the impact has been even higher,” Raman said. “Popular alternative locations are Vietnam, India, and Mexico. The second main reason for moving business out of China is that supply chain leaders want to make their networks more resilient.”

Only 21% of survey respondents believe that they have a highly resilient network today – meaning that they have good visibility and the agility to shift sourcing, manufacturing and distribution activities around quickly. However, 55% expect to have a highly resilient network in the next two to three years – a reaction to disruptions such as Brexit, the trade war and COVID-19. However, resilience has a price. Fifty-eight percent of respondents agree that more resilience also results in additional structural costs to the network.

“We are at a crossroads in the evaluation of global supply chains that pits just-in-time systems designed to improve operational efficiency against just-in-case plans that emphasize planning and preparing for a range of plausible scenarios,” Raman added. “To find balance, supply chain leaders must engage in risk management to assess their organization’s willingness to take risk onboard and decide how to quantify that risk against other network objectives such as cost effectiveness.”

One-quarter of survey respondents stated that they have already regionalized or localized manufacturing to be closer to demand. Despite the cost of adding more players to the ecosystem and increasing the overall network complexity, regional supply chains can ease delays and shortages in times of disruption – if the model is economically viable.

“Many Western organizations will have to explore new forms of automation on the factory floor to decrease the costs of near- or onshore production. Some also favour a partial option, such as manufacturing in Asia and moving only the final assembly closer to the customer,” Raman concluded.

 

Posted in Uncategorised

Subscribe

Get notified about New Episodes of our Podcast, New Magazine Issues and stay updated with our Weekly Newsletter.