This is your weekly supply chain bulletin from B2BE for the week starting 27th February 2023.
Each week, we bring you a rundown of the latest trends in the news from across the supply chain industry. We cover the issues most important to you, bringing you useful links to the full articles. This ranges from news on various supply chain disruptions to strategies to lessen the damage. We also include other relevant supply chain related updates. If you missed it, you can read last week’s supply chain bulletin here. Read on to see what’s making the news this week.
Air New Zealand’s profit boosted by supply chain adaptations amid pandemic
Air New Zealand’s financial results for the first half of the 2021 fiscal year highlights a $213 million profit driven by a rebound in passenger demand. The company’s strong performance is partly due to its ability to quickly adjust its operations and reduce costs in response to the pandemic, including restructuring its supply chain.
Air New Zealand has focused on reducing its reliance on international suppliers and instead sourcing more products and services domestically. This shift has helped to improve the company’s resilience to supply chain disruptions, such as border closures and reduced air freight capacity.
Report raises concerns about cyber threats to APAC supply chains
A recent report highlights that the APAC region is particularly vulnerable to supply chain attacks. This is due to its increasing reliance on digital technologies and the complexity of its supply chain networks. The highlighted report shares several factors that are contributing to the rising cyber threat to APAC supply chains. Including the increasing use of cloud services, the growing number of connected devices, and the expanding use of third-party vendors.
The fear of supply chain attacks is due to the significant impact on business, including financial losses, reputational damage, and disruptions to operations. The report suggests that businesses therefore need to take a proactive approach to managing cyber risks in their supply chains. This could include conducting regular risk assessments, implementing robust security controls, and establishing clear lines of responsibility and communication.
Farmers welcome focus on supply chain in New Zealand government report
A new report released by the New Zealand government focuses on the country’s food and fibre sector and its supply chain. The report highlights the importance of the sector to the country’s economy and outlines several challenges requiring attention, including supply chain inefficiencies.
Farmers in New Zealand have welcomed the report’s focus on supply chain issues. Particularly as these inefficiencies can have a significant impact on their businesses. In particular, the report highlights the need for better coordination and collaboration along the supply chain, as well as the need for investment in technology and infrastructure.
Jaguar Land Rover supply chain disruption causes staffing issues and strikes
Jaguar Land Rover (JLR) have seen staffing issues caused by supply chain disruptions. These disruptions are thought to have occurred as a result of a shortage of semiconductor chips, which are used in the production of JLR vehicles. The shortage has led to reduced production at JLR’s manufacturing plants. As well as forcing the company to temporarily close some of its factories. This has resulted in staffing issues for JLR, with some workers being placed on furlough or facing reduced hours. Workers at a Merseyside factory which produces key parts for Jaguar Land Rover have voted for strike action. Around 150 members of staff at International Automotive Components (IAC) are set to down tools over redundancy threats and pay cuts.
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