article thumbnail

Weathering the Next Recession

synchrono

The global economic recession that started in 2007/2008 hit the manufacturing sector hard. CONLOAD) Watch this short demo of CONLOAD to see what that looks like. In February of 2009, The Economist even published a piece called The Collapse of Manufacturing.

article thumbnail

Winning strategies for distributors and manufacturers during an economic downturn

EazyStock

What the last recession taught us An article from McKinsey & Company (2022) analyzed the performance of about 40 publicly traded distribution companies during the 2007-2009 recession. It found that 20% outperformed competitors’ results during the downturn and recovery.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unethical Sourcing Practices in Procurement and How to Avoid Them

EC Sourcing Group

For example, employees at Smith & Wesson entered into a series of unethical practices with foreign countries between 2007 and 2010. To learn more about intuitive, easy-to-use sourcing tools that can help your dodge unethical procurement practices , speak to a Simfoni representative today about conducting a demo.

article thumbnail

Fourth Quarter Comebacks: How Dispatchers Handle Last-Minute Deliveries

Locus

Completing 8 of 10 passes in the final two and a half minutes, Brady’s impeccable throws and strategic routes, including a six-yard touchdown to running back Rachaad White, led the Bucs to secure their first sweep of the Saints since 2007. So, how does all this connect to route optimization software?

article thumbnail

Guest Post: Sustainability Questions for Supply Chain Leadership by Michael Koploy, ERP Analyst at Software Advice

EcoVadis

In 2007, Mattel’s Tier 2 Suppliers were found to be using dangerous levels of lead paints in components of its toys. Michael Koploy is an ERP Analyst at Software Advice–a website that provides reviews and demos of transportation management systems. 4 How can we avoid conversing with socially-negligent suppliers?

article thumbnail

GAAP for Accounts Payable: What it is and why it's important

Precoro

Here we've prepared a visual comparison of some differences that exist between GAAP and IFRS and that influence the AP process: It's important to note that since 2007, foreign corporations with US registrations don't need to reconcile their financial reports according to GAAP if they already adhere to IFRS.

article thumbnail

Eight Key Takeaways From FreighTech 2018:TLV

Freightos

She was involved in the eTicket project that helped retire the last paper ticket used back in 2007. CommonSense, one startup that demoed, is systematically automating fulfillment, working down a laundry list of things that take human time at warehouses and building bespoke robots. So why has it been so hard for eAWBs?