Supply Chain Intelligence about:
South Korea
LG Electronics plans to expand its U.S. washing machine factory by around 50% in staffing terms. The initial investment in U.S. manufacturing in 2018 was driven by an “in-market, for-market” supply chain strategy and came as the Trump administration applied section 201 tariff rate quotas to im... Read more →
U.S. retail sales continued to recover in September with a 7.1% increase compared to a year earlier. Furniture store sales accelerated to growth of 7.5% compared to just 1.7% in August. Electrical store sales meanwhile dropped by 6.1%, accelerating the August decline of 4.7%, potentially becau... Read more →
LG Electronics reported a 17.9% slide in revenues in Q2 after COVID-19 cut demand for the firm’s discretionary-spending products including home appliances. The firm’s outlook is also muted, citing both the ongoing U.S.-China trade war and only a “gradual improvement of the business environment... Read more →
Hyundai Merchant Marine will help offset the disruption to South Korean exporters from Hanjin Shipping’s move to receivership. Aside from the commercial interest, it helps the government’s objective of protecting a fragile export recovery. LG, Samsung and Nexen rely on Hanjin for U.S. exports,... Read more →
U.S. mobile phone imports grew 9.2% in June after falling for most of the past year. This resulted from increased imports from China, though apparently not from Apple-supplier Foxconn. Imports were boosted by shipments from South Korea and Vietnam, suggesting phones from Samsung Electronics an... Read more →
Smartphone imports in late spring are traditionally slow – this year customers await new products from Apple, and Samsung’s Galaxy updates are not yet available. New devices are needed to excite the market as market forecaster IDC expects mobile phone shipments globally to slow to 3.1% in 2016... Read more →
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