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He adds that tech-driven improvements to the supply chain will help businesses navigate “ continued fluctuations in market demand , which will be an overarching issue in 2024 ”.
And he feels that trade and tariff issues will be “ a constant concern for global supply chains ”, and says that issues such as this make it increasingly important that organisations select the right suppliers in the most favourable regions closest to end customers .
He says : “ As global markets rebalance inventory levels , optionality will become a core strategy to mitigate issues such as foreign currency exchange rates and geopolitical volatility .
“ This will be particularly important in the electronics industry in 2024 , with an even stronger bias in Mexico and Southeast Asia .”
Hnatyshin observes that , while high pandemic-driven demand caused an
88 March 2024