Remove 2010 Remove Shipping Remove Sourcing Remove Supply Chain
article thumbnail

High Seas Troubles Affect Global Supply Chains, Part One: Security Risks

Enterra Insights

Recent events remind us how big the world is and how vital ocean supply lines are for the global economy. That means maritime shipping lies at the very heart of the global logistical system. As a result, piracy activity dramatically decreased by 75 percent between 2010 and 2022. billion to upwards of $8 billion a year.”[1]

article thumbnail

Incoterms 2010 the Right Way - SupplyChainOpz

Supply Chain Opz

Incoterms 2010 the Right Way. In global supply chain , most companies try to take an advantage of low-cost country sourcing to drive material costs down. The current version is Incoterms 2010. The purpose of this article is to show factors you should take into account so you can use incoterms 2010 the right way.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Supply Chain Matters Editorial Commentary- Notions of Rethinking Global Supply Sourcing Strategies

Supply Chain Matters

In this Supply Chain Matters editorial commentary we address the dichotomy of revisiting supply chain strategic sourcing strategies in the wake of a rapidly changing l landscape of challenges. Strategic Sourcing Shifts Away from China. Basis of Materials Strategic Sourcing. Background.

article thumbnail

Supply Chain Diagnostic: A Four-Step Process

Supply Chain Shaman

Time For A Supply Chain Check-Up? When a company contacts me to help them with their supply chain, the pain is usually a gap in customer service. To complete a supply chain diagnostic, I take these four steps: Step One. ” Or alternatively, “Is there data that could be sourced to help?”

article thumbnail

Peet’s Coffee and the Roasted Bean Supply Chain

Logistics Viewpoints

Despite the significant amount of effort involved in going from running a business on Excel spreadsheets to implementing an enterprise resource planning (ERP), they are very grateful that their efforts to improve their supply chain agility were underway when the pandemic hit. The company has a sourcing team that vets the beans.

article thumbnail

Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

Suez Canal News Update The Suez Canal is a crucial lane for global shipping, with 50-60 vessels of all types transiting each day for about 19,000 per year, including about 30% of global container traffic and more than a million barrels of crude oil per day. What to expect from shipping in the Suez Canal & Red Sea?

Freight 250
article thumbnail

History and Evolution of Supply Chain and Logistics

SCMDOJO

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).