What is a WIP?
A Work-in-Progress (WIP) is an account on a company’s balance sheet that refers to the money spent on material parts and processes for production or packaging. Continue reading What is a WIP?
Tag: Supply Chain
How do positive production externalities benefit society?
Positive production externalities usually occur when innovations lead to increased output and lower prices for consumers. For instance… Continue reading How do positive production externalities benefit society?
How to Make Your Trade Policy Support Your Company’s Values
For companies engaged in international trade, there are many dilemmas to confront in implementing your ESG agenda, including forced labor practices. Continue reading How to Make Your Trade Policy Support Your Company’s Values
Projected food shortages draw attention to Supply Chain efficacy.
The Pandemic has caused production shortages in every industry which has led to massive dislocations in the container market, shipping routes, ports, air cargo, trucking lines, railways and even warehouses. The result has created shortages of food, key manufacturing components, order backlogs, delivery delays and a spike in transportation costs and consumer prices. We are now learning how the supply chain affects every other element in the … Continue reading Projected food shortages draw attention to Supply Chain efficacy.