Webb Evans and Associates

IMF on the benefits of supply chain diversification

From “New research spells out the benefits of diverse supply chains” (The Economist):In most countries, the vast majority of components used to make goods tend to be sourced domestically. About 69% of parts in Europe and more than 80% in the western hemisphere are produced at home, for example. If a firm were to choose…More

Canadian warehouses packed

From “With Warehouses Packed, Canada’s Logistics Industry Is Straining” (Bloomberg): Canada is projected to have the strongest growth in the Group of Seven this year, and a large majority of businesses already say they would struggle to cope with any unexpected increase in demand. One visible manifestation can be found in the huge industrial buildings…More

U.S. manufacturers see longest lead times in 35 years

From “Storm of Supply-Chain Disorder Worsens for U.S. Manufacturers” (Bloomberg): The Institute for Supply Management on Monday reports it’s taking an average 100 days to receive production materials, the longest in records dating back to 1987. For capital expenditures, the average commitment time rose to a whopping 173 days, matching the highest on record. In…More

Three solutions for supply chain relience

From “Goldman Sachs Sees More Overstocking Than Reshoring by U.S. Firms” Bloomberg: Two years of supply shocks have made efforts to strengthen supply chain resilience top-of-mind for manufacturers and retailers. Economists at Goldman Sachs see three main solutions for those in the U.S.: reshoring foreign production, diversifying supplier networks and overstocking inventories. Overstocking, or targeting a permanently…More

Truck freight costs remain above pre-Covid levels

“From Coast to Coast, Supply Chains Get Off to a Rough Start to 2022″ (Bloomberg): The latest weekly figures from Truckstop.com showed the average spot rates in the New England area hit a four-month high, capping its first January increase in data going back to 2014. Truck freight costs eased in other parts of the…More

Employers’ tactics for managing the labor shortage

The Economist analyzed how employers are adjusting to a labor market with only seven workers for every ten available jobs. Tactics include sign-on bonuses, higher base pay, in-house training, more predictable schedules, and investments in automation. From “How America’s talent wars are reshaping business” (The Economist): The share of job postings that list “no experience…More

PE ended 2021 up 28 cents, PP up 39.5 cents

From PP, PE prices take a fall in December (Plastics News): Average selling prices for PE slid 5 cents per pound in December, while PP prices tumbled 15 cents, according to buyers and sellers contacted by Plastics News. It’s the third consecutive 5-cent drop seen in the PE market. The October drop was the first seen…More

Cream cheese, ransomware, and supply chain

Bloomberg writes this week about the hidden cause of the cream cheese shortage: their supply chain was disrupted by a ransomware attack. Schreiber Foods in Wisconsin, a top maker of cream cheese, closed for days in October after hackers compromised plants and distribution centers. The company is big enough that the lost production shook U.S. markets. https://www.bloomberg.com/news/newsletters/2021-12-10/supply-chain-latest-cream-cheese-is-the-latest-casualty-of-cyberattacks?cmpid=BBD121021_TRADE&utm_medium=email&utm_source=newsletter&utm_term=211210&utm_campaign=trade How are…More

The Economist writes that there is reason to believe higher rates of turnover are here to stay. Their columnist writes generally about the three things managers should be doing: gauge the retention risk, pull different levels to retain different types of people, and plan for how to find new workers. First, they should systematically gauge…More

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About Webb Evans and Associates

Webb Evans and Associates is a trade association management group, offering solutions that are cost-effective and innovative to help manufacturing and distribution associations grow. We embrace new technology, stay ahead of current trends, and always put our clients first. Learn more about our company.