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Consultant Insight: Nearshoring trends favor Mexico

Pandemic-driven disruptions, geopolitical concerns and complexity in global supply chains have many shippers considering moving some, if not all, of their supply chain closer to their customers. Whether reshoring or nearshoring, supply chains are evolving as cost pressures and risk mitigation drive change. Updates in domestic policy, such as the U.S. Inflation Reduction Act and ....

Reduction Act , Consultant Insight ,

Consultant Insight: Semiconductor production expands amid softening demand

Geopolitical concerns are driving semiconductor production growth beyond Asia, where 75% of semiconductors are currently produced. Global semiconductor supply chains were severely disrupted throughout the COVID-19 pandemic, prompting delays in manufacturing that relied on semiconductor chips. “Recently, geopolitical developments have been evolving in front of us,” C.C. Wei, chief executive at Taiwan Semiconductor Manufacturing Company ....

Taiwan Semiconductor Manufacturing Company , Taiwan Semiconductor Manufacturing , Consultant Insight ,

Consultant Insight: Alibaba expands Turkey presence

Turkey is becoming a focal point for Alibaba’s global reach as the e-commerce giant plans to invest $1 billion in a logistics hub at Istanbul Airport and a data center outside Ankara in Temelli. “We have a serious investment plan at Istanbul Airport [IST]. We can evaluate e-export plans from here to Europe, the Middle ....

Istanbul Airport , Consultant Insight , Turkish Airlines ,

Consultant Insight: US manufacturing activity slows

As 2022 ended, U.S. manufacturing activity declined while inventory levels remained high. The 2023 outlook is cautiously optimistic, with demand unlikely to pick up until the second quarter. According to S&P’s latest U.S. Manufacturing PMI report, December’s purchasing manufacturing index (PMI) stood at 46.2, down from 47.7 in November, with the index marking 50 as ....

Consultant Insight , Purchasing Managers Index Pmi ,

Consultant Insight: Simplifying cross-border transactions

The European Union’s value-added tax (VAT) process may get a little easier for cross-border e-commerce with a reform package that was introduced Dec 8. The EU defines VAT as “a consumption tax applied to nearly all goods and services bought and sold for use or consumption in the EU.” Member countries lost 93 billion euros ($98.4 billion) in VAT ....

European Union , Consultant Insight ,