This is your weekly supply chain bulletin from B2BE for the week starting 28th August 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.
Australian supply chain plan for Teesside lithium plant
The UK company Alkemy Capital Investments, parent company of Tees Valley Lithium, has revealed plans for a supply chain facility in Western Australia that could cost around £255 million. This facility is part of a larger project to establish Australia’s first stand-alone lithium sulphate processing facility. The facility will process locally mined spodumene into lithium sulphate, which will then be further processed at Alkemy’s Redcar facility in the UK to produce battery-grade lithium hydroxide for European electric vehicle makers. This approach aims to reduce the transportation of waste material around the world and enhance efficiency of the supply chain.
New Zealand trades with almost every country in the world
New Zealand, despite its relatively small population of five million and its geographical distance from major global markets, has managed to achieve economic development through a strategic approach that focuses on cultivating competitive advantages and establishing trade agreements worldwide. The country’s recent signing of a free trade agreement with the European Union, set to take effect in 2024, is expected to boost trade between New Zealand and the EU by 30%.
New Zealand has employed a high-tech strategy to enhance its agricultural sector, with dairy products and meat being primary exports. Additionally, tourism plays a significant role in generating income. The country has signed multiple trade agreements, including with the UK, the Regional Comprehensive Economic Partnership (RCEP), and the Trans-Pacific Partnership (TPP). These agreements help create commercial homogenisation and shared knowledge, and they also address environmental and social restrictions.
Leonardo spends nearly 500m with UK onshore supply chain
Italian aerospace company Leonardo Helicopters has reported that it spent nearly £500 million with over 650 suppliers connected to its UK onshore supply chain in the past year. This expenditure reflects the increasing strength of its UK-based helicopter business, which has seen recent orders both domestically and for exports. Approximately 25% of the procurement spending was directed towards more than 250 small and medium-sized enterprises (SMEs). Additionally, nearly 40% of Leonardo’s spending went to suppliers situated in the 10% most deprived Local Authorities in England, as defined by the UK government. This spending has helped sustain around 12,000 British engineering and manufacturing jobs in total.
Cloud migration helps manufacturers overcome supply chain disruption
Finally, this article discusses how cloud migration can help manufacturers overcome supply chain disruption. The reliance on legacy systems and disconnected on-premises solutions has hindered progress for many manufacturers. Plus, supply chain disruption has further exacerbated these challenges. Cloud migration offers opportunities for innovation and growth by improving operational visibility, enhancing partner collaboration, and building supply chain resilience.
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