Postpandemic Supply Chains Struggle to Balance Safety Stock and Lean Practices

Postpandemic Supply Chains Struggle to Balance Safety Stock and Lean Practices

A Gartner survey reveals a divide among supply chain professionals regarding increasing safety stock versus adhering to lean manufacturing principles. The automotive and high-tech industries lean towards boosting inventory, while sectors like industrial manufacturing show less interest. Companies must strike a balance to build a resilient supply chain, encompassing risk assessment, supply chain visibility, diversified sourcing, digital transformation, and strategic partnerships. This approach allows businesses to navigate disruptions effectively while maintaining operational efficiency and responsiveness to market demands.

Manufacturers Face Digital Transformation Risks and Rewards

Manufacturers Face Digital Transformation Risks and Rewards

An IDC report highlights the imperative of digital transformation in manufacturing. Companies must define clear strategies, increase technology investment, cultivate digital talent, and prioritize security protection and customer experience. Successful transformation will provide a competitive edge, while failure may lead to obsolescence. The report forecasts ten key trends in manufacturing digital transformation, offering valuable insights for businesses navigating this evolving landscape. It emphasizes the need for proactive adoption to remain competitive and relevant in the future market.

Qingdao Expo to Boost Northern Chinas Metal Industry

Qingdao Expo to Boost Northern Chinas Metal Industry

The 2026 Qingdao International Metalworking Equipment Exhibition (JM) is a leading manufacturing event in the Bohai Bay region, showcasing cutting-edge metalworking technologies and equipment from around the world. The exhibition will feature six themed zones covering the entire industry chain, including metal cutting, forming, automation, casting and heat treatment, new materials, and functional components. JM focuses on the Northern China market, helping companies expand business opportunities and promote the upgrading of intelligent manufacturing in the region.

US Updates Trade Codes for Nonseed Black Soybeans

US Updates Trade Codes for Nonseed Black Soybeans

This article provides a detailed analysis of the import and export coding and tax rate information for non-seed black soybeans (code 1201009200), emphasizing their advantages and market potential in trade. It aims to help readers seize trading opportunities in soybeans.

China Drives Global Surge in Industrial Robot Adoption

China Drives Global Surge in Industrial Robot Adoption

The International Federation of Robotics reports a 10% increase in global industrial robot stock in 2023, reaching 4.28 million units. The Asian market dominates, with China leading globally with a 51% share. The market share of Chinese domestic robot manufacturers has significantly increased, indicating the future of smart manufacturing. The Chinese market possesses immense potential and is projected to maintain growth through 2027. This highlights China's crucial role in the global industrial robotics landscape and its continued advancement in smart manufacturing technologies.

TESCO Metering Gains NEMA made in America Certification

TESCO Metering Gains NEMA made in America Certification

TESCO Metering has been certified as a pilot partner in NEMA's 'Made in USA' program, demonstrating its strong commitment to domestic manufacturing. Through dual certification of its supply chain processes and products, TESCO actively supports the 'Buy American' Act, setting a compliance benchmark for the power industry. TESCO's vertically integrated manufacturing model and customized solutions help companies reshore to the United States, empowering the modernization of energy infrastructure. This certification highlights TESCO's dedication to American jobs and a robust domestic economy.

Nonseed Yellow Soybeans HS Code and Tax Rates Explained

Nonseed Yellow Soybeans HS Code and Tax Rates Explained

This article analyzes the customs code, tax rate policy, and market position of non-food yellow soybeans (commodity code 1201009100). It emphasizes the importance of this product in international trade and its tax burden advantages, aiming to assist companies in seizing business opportunities.