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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, the Red Sea crisis proved that for global supply chains, there is no such thing. With this fresh in mind, how are small and medium-sized importers preparing for 2024? And the answer lies in how their 2023 went too.

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2024 Predictions for Industry and Global Supply Chains- Prediction Two

Supply Chain Matters

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares samples of individual prediction snapshots that will be included in our Annual 2024 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month. Such efforts indeed occurred as was added evidence.

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Allianz Safety and Shipping Review- The Good and Not Good

Supply Chain Matters

Supply Chain Matters provides highlights for the recently released Allianz Safety and Shipping Review 2024 Report. Safety and Shipping Review 2024 Report Global commercial and specialty insurance provider Allianz Commercial has released its annual review of trends and developments in global shipping and safety.

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10 Ins and Outs for Supply Chain Risk Management in 2024

Resilinc

Learn the best practices for supply chain risk management in 2024 from Resilinc, the gold standard for supply chain resiliency. As risk managers audit their vendors and programs at the start of the year, it’s also time to clean up old strategies and supply chain practices. Out with the old and in with the new!

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Flexibility in the Face of Uncertainty

Freightos

The interesting shift here, though, is that there’s a whole world of alternative shipping routes. The traditional China-Northern Europe route alternative banked on sea freight to Dubai, followed by air shipping to the final European destination. For a full shipping container, that results in a full $3,804 of savings, or a 17% savings.

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Is cost redundant as a measure for CPOs in 2024?

Proxima

This has meant that procurement functions remain in the foreground, but how they measure their success in the market is drastically shifting. Price was often the primary lever and measure of success and the determinant of the value procurement brought to the business. The only predictable thing in 2023 has been unpredictability.

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Global Events Require Wargaming to Protect Profits

Enterra Insights

2] Journalist Camille Rustici adds, “[Houthi attacks on Red Sea shipping is fallout from the] resumption of the Israeli-Palestinian conflict.” According to the authors of the 2024 supply chain risks barometer, this growing instability is already impacting international trade. News & World Report, 5 February 2024. [5]

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