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Supply
Chain by the Numbers |
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- May 26, 2023
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Nearshoring Gaining Steam? Target sees Soaring Shoplifting; Amazon still Subletting FC Space; China Trying to Control Lithium Mining |
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61.1% |
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That was the share of total US exports in Q1 coming from Mexico, as it zoomed past long-time top source China, according to data from Census Bureau this week The gain comes as so-called “nearshoring” seems to be gaining stream. Multinationals from the US and even China have increased their manufacturing levels in Mexico, though for different reasons; China to avoid US tariffs on a broad swath of imports from there and US companies to diversify a supply chain hobbled in during the COVID-19 pandemic. The total level of Mexican exports to the US in Q1 was $115.5 billion, the government report found, up 5.9.
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| That is the increase in mostly shoplifting losses retail giant Target expects to see in 2023 versus 2022, according to the company this week. Target’s inventory loss, called shrink, was estimated about $763 million last fiscal year, based on calculations from the company’s financial filings. With the anticipated increase, shrink this year would surpass $1 billion, with some of that coming from sources such as employee theft or damage. Many retailers say organized crime is driving the rise in shoplifting, and some companies have also blamed the growth of online marketplaces that allow thieves to easily and anonymously sell electronics, makeup and other items they stole from stores. |
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12,000 |
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That’s the size in square feet of a distribution center west of Chicago that Amazon is going be subletting, according to reports this week. The decision to hunt for a subtenant to come in and save Amazon on leasing costs was made as the company ealier this year decided to cut back on renting and pivot further into owning the real estate it occupies, according to TheRealDeal.com web site. Amazon opened new distribution centers at a frenetic pace during the pandemic with the increase of online shopping. The company has scaled back more recently, subletting space in several markets and halting plans to build or occupy new facilities in a number of cases. |
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That is the share of global lithium production China could wind up with by 2025 after it buy up stakes in mines throughout the developing world. Lithium of course is a key input into the making of batteries, especially for the fast-growing electric vehicle market as well as smart phones and other devices. Experts say that by the end of the decade, demand for lithium could outstrip supply by some 300,000 metric tons, according to research firm Benchmark Mineral Intelligence, a consulting firm based in London. But China has only 8% of the world’s lithium reserves. So in the past two years, Chinese companies have spent $4.5 billion acquiring stakes in nearly 20 lithium mines, most of them in Latin America and Africa. While it is a risky move, if successful it will give China a dominant share.
