In Case You Missed It: Best Industry Articles and Insights this Month
Need help keeping up with the latest supply chain, logistics, manufacturing and e-commerce industry news? Below, you’ll find the top articles and trends from November covering various sections of these quickly evolving industries.
- More than a year ago, the UK voted to leave the European Union and thus Brexit began. As of today, the UK is still a part of the EU and there’s a lot of uncertainty surrounding how the exit will occur. Research from the U.K.’s Chartered Institute of Procurement and Supply (CIPS) shows 63 percent of EU businesses who deal with British suppliers expect to migrate at least part of their supply chain outside the UK, and 40 percent of British companies with EU suppliers are looking toward domestic options. Fortune has more on this slow-moving exit and what it means for supply chains here.
- Over the years, Northeast Asian governments have been pushing economic growth through raw material extraction, manufacturing, and services, and they have transformed their rural areas into manufacturing hubs. Protectionism, the ideology of protecting new, strategic industries from foreign competition through government policy, allowed for domestic manufacturing to grow roots and thrive. Successful businesses received government fiscal support while failing businesses were left to die. Forbes takes a deeper dive into how Asia has become the world’s manufacturing hub.
- Despite a series of production hurdles and an incredibly high price point, Apple’s iPhone X is in the hands of consumers. The iPhone X is currently the most expensive phone on the market and many consumers are deeming the $1,000+ price tag worth it. Apple’s CEO Tim Cook has spoken out about the price and stated that “[Apple is] just trying to price it for what [they’re] delivering.” With an enhanced phone, come higher production costs. The iPhone X is the most expensive phone Apple has ever made, with the OLED screen alone costing $65.50 to make per phone. Business Insider has a more detailed breakdown of iPhone manufacturing costs over time.
- Whether you’re ready or not, the holidays are quickly approaching. Retailers and consumers alike are gearing up their strategies on how to have a successful holiday season. While brick-and-mortar retailers have traditionally been the focus for brands, Amazon has secured its place as a leader as well. According to Morgan Stanley, Amazon is expected to drive as much as half of all US retail sales growth during the holidays this year. Black Friday and Cyber Monday deals drive demand and Amazon is no stranger to hosting these sales. The Wall Street Journal shares how Amazon can make or break holiday retail.
With the industry always advancing, be sure to check back in next month to see the top news from December.
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