Simply dumping a non-compliant supplier is probably the most disruptive option, and also in many ways the least good one. Better, in most cases, to deepen the relationship and offer genuine solutions.

President Joe Biden’s administration has been seeking help from allies including South Korea in reducing the global supply chain’s dependence on China.

The bank says the research shows global supply chain pressures decreased again in March, falling from .28 to 1.06 standard deviations below the index’s historical average.

The U.K. Cabinet Office said the new regime was a "huge step forward for the safety, security and efficiency of our borders." But the Cold Chain Federation, which represents chilled food traders, said it will hamper trade.

Fast Retailing had originally performed compliance checks only on plants operated by primary and secondary suppliers. Now, Uniqlo will handle compliance checks for third-tier cotton spinning mills.

The FDA has long been criticized for lapses in inspections of overseas manufacturing in China and India, which are the two major producers of drugs and raw ingredients for medicines.

After three years of crisis, the data show that supply chain conditions are improving. That will allow supply chain leaders in 2023 to resurrect initiatives that may have been sidelined — including data and digitalization programs and sustainability efforts.

As demand for home deliveries increases, delivery companies struggle to find experienced and knowledgeable drivers. 

Mesh networks can handle fluctuations in supply and demand, optimize routes, and create transparency and accountability in the supply chain, increasing efficiency, reducing costs, and improving customer satisfaction.

Russia wants the route to become a major shipping lane and has invested heavily in infrastructure there.