article thumbnail

What is supply chain?

Fastener News Desk

Freight costs and capital intensity are 10 to 15 percent lower, and customer delivery penalties and missed sales are 40 to 50 percent lower. Consumer goods companies in particular are making strides in preparing for a sustainable future by transforming company operations across the entire supply chain.

article thumbnail

Top Legal Issues Facing the Manufacturing Sector in 2023

Foley

Companies that may be concerned about the viability or performance of a supplier should consider seeking licenses or other rights that would enable to obtain vital components from another source if the supplier does not meet its obligations. Coordinate with Customs Brokers & Freight Forwarders.