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5 Key Trends in 2024 for Asian Manufacturers

SYSPRO Smarter ERP

Manufacturing will continue to be shaped in 2024 and beyond, by technological advances. Significant trends are emerging that manufacturers should be watching. These trends will make a difference to manufacturers internally, helping them to become stronger and more flexible to deal with future changes and disruptions. Industry 4.0

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A Glimpse into Supply Chain 2024

Log-hub

Let’s explore what the supply chain 2024 trends have in store for us! Let’s delve into the key supply chain 2024 trends that are reshaping the industry and driving innovation. introduces smart factories where interconnected systems enhance agility and responsiveness. 4 min read Happy New Year, Log-hub Community!

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Inventory planning to reduce Chinese New Year disruption

EazyStock

Chinese New Year shutdowns Every year factories in China (and other countries that celebrate the Lunar New Year, such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei) shut down so that their workers can celebrate Chinese New Year. In 2024, this will be from February 9-15.

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Top 10 SCM Trends for 2024

Logistics Business Magazine

Ralf Duester, board member of the Bochum-based SCM software specialist Setlog, shows which trends will be important in 2024. At a glance: The top ten SCM trends in 2024 1. Open-source software is increasingly convincing In detail: The ten most important SCM trends in 2024 1.

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Our Polymer Market Outlook for Q3 2023: An Overview and Where Asian Producers Stand

MTS Logistics

The factory in question has resumed its operations, although it is expected that the trend will continue for some time since it’ll take some time for them to secure their previous deals domestically. The biggest PVC producer in the world, Shintech, also postponed their Louisiana facility until the beginning of 2024.

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What’s On Tap for Ocean Shipping in 2023?

Now, That's Logistics

These and other positive trends may prove beneficial for shippers as we head into 2023, while lower demand and stabilizing freight rates are likely to have an opposite effect on ocean carriers. In early-November, Foxconn, one of Apple’s largest suppliers, was dealing with major disruption at its biggest iPhone assembly factory in China.

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Keeping Things Closer to Home

Blue Grace Logistics

Nearshoring, an idea that was gaining traction before Covid and has exploded since, is the trend of companies moving manufacturing out of China and other Asian countries and into Mexico, where shortened supply chains can ship products all over the U.S. in a matter of a couple of days rather than a few weeks.