The skilled labor shortage in the United States remains a significant challenge, impacting various trades and industries. This shortage is largely driven by the retirement of baby boomers, the lingering effects of the COVID-19 pandemic, and cultural stigmas surrounding vocational training. Key Trades in Need Factors Contributing to the Shortage Strategies to Address the Shortage…
Price Trends and Projections Copper prices have been experiencing significant upward momentum, driven by increasing demand and supply constraints. As of mid-2024, copper futures on COMEX have traded at around $5 per pound, marking a substantial rise from earlier levels. Analysts from Citi project that copper prices could average around $10,000 per metric ton by…
Here’s a simplified view of forecasting strategies tied to volume and demand variability from Steve Clarke’s upcoming book “Lean Forecasting Demystified”. Pre-order your copy today at Amazon.com: Lean Forecasting Demystified: Minimize Supply Chain Waste, Maximize Value eBook : Clarke, Steve: Kindle Store.
Indonesia’s nickel export ban reflects its broader economic strategy to add value to its natural resources and drive industrialization. Despite the challenges and legal disputes with the EU, the policy has significantly boosted the country’s export value and economic stability. The ongoing negotiations and appeal at the WTO will be crucial in determining the future…
After the unprecedented collab was announced between AI super-power–OpenAI– and Apple, the hype is building for Apple’s smarter Siri — Apple Intelligence — release in the Q1 2025. Apple Intelligence offers a wide array of AI and ML technologies that can significantly enhance business operations across various industries. By leveraging these technologies, businesses can improve…
Superintelligent AI has the potential to revolutionize the global supply chain by enhancing efficiency, improving decision-making, and driving innovation. However, it also presents challenges that need to be carefully managed to ensure ethical use and equitable benefits. The challenges of AI are discussed in detail in Lex Fridman’s podcast with Roman Yampolkiy. You can watch…
The fallout of the presidential debate last week left me — as with many Americans — longing for other alternatives. When it comes to this November, I will be focused on a few key topics: namely, each candidates stance on the economy, small business, global trade, and the impact of each to the an already…
If you’re debating on whether to hedge on nickel for the next year, we may be close to optimal pricing. The nickel market is experiencing a dynamic phase with price stabilization expected due to supply adjustments and strong demand from key sectors like stainless steel and batteries. Regulatory actions, particularly those targeting Russian nickel exports,…
Paperless Parts is a leading provider of cloud-based software designed to streamline the quoting and estimating process for manufacturers, particularly in the sheet metal fabrication, CNC machining, and additive manufacturing industries. The platform utilizes advanced technology to digitize and automate traditionally manual processes, improving efficiency, accuracy, and collaboration. Key Features and Capabilities Benefits of Using…
Europa just released its new website and consultations are easier to book than ever before. Visit the new Europa site to book your consultation today. Europa Initiative | Supply Chain (the-europa-initiative.org)
