This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This year (2020) when they cancelled the Tournament, they stand to get 144 mil $ from Insurance company. Diversify supplier base : Supply chain should not be overly dependent on long lead-time or on a small pool of specific suppliers or sourcing regions. Identify sourcing plant/s which can back-up each other in times of disruptions.
2020 seemed a world away just a few years ago and yet, here we are. Moving past waste, water, and C02 reduction, they have begun searching for renewable energy sources, different forms of packaging, and increased efficiency overall. The post 3 Supply Chain Trends to Keep an Eye on in 2020 appeared first on AIMMS SC Blog.
This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. Build-In supplier network redundancies: Single-source dependency is high risk. Analytical talents are open minded and critical thinkers.
Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. Driver #3: Supply Chain Innovations The Supply Chain industry has been undergoing significant changes since 2020, prompting solution providers to adapt their products to navigate these challenging times.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Costs reduction of sourced materials is one way to drive down costs but manually conducting price lookups on multiple options for hundreds of products can prove untenable very quickly.
2020 has been the year of virtual conferences and meetings for most of us. On 1st and 2nd Dec LogiSYM held its Vietnam 2020 Digital event on a platform called AirMeet. This collective source of rich knowledge, industry experience and market buzz, is a very unique opportunity and one which has made this event a great success.
Next month, on May 5 th and 6 th , I’m looking forward to what looks like an interesting and worthwhile virtual Procurement conference – Ivalua NOW 2020 Virtual Edition. . That includes ideas which turn “Procurement” into a source of revenue and competitive advantage rather than just being the spend manager.
In fact, pool construction jumped by approximately 20% from 2019 to 2020 – resulting in the need for a whole lot of chlorine tablets. Image source: Cape Analytics. Back in 2020, the world’s chlorine market was valued at around 99 million tons. Image Source: Nola. Image Source: USA Today. Image source: CNBC.
By ensuring stored data records are tamper-free and come from a verifiable and immutable source, participants will be able to trust that data on the network is the single source of truth. A single source of truth, with fair, trusted and a tamper-proof information flow. LogiSYM Supply Chain Magazine – October/November 2020.
This past March, Tim Carroll, Product Availability Team Captain at AutomationDirect, was presented the 2020 World-Class Culture Award at the Atlanta Supply Chain Awards (ASCA). They're the teams responsible for forecasting inventory requirements, managing inventory replenishment functions and sourcing inventory from suppliers.
They write, “This includes tackling bigger issues such as compliance, supplier relationship management, risk and disruption, responsible sourcing, and transparency. “AI allows you to integrate real-time data from various sources, helping you devise more efficient delivery routes and schedules.
The fall ritual precedes the dropping of the ball on Times Square to ring in 2020. Popular techniques included business process outsourcing, contract manufacturing to reduce the cost of labor, low-cost country sourcing, tax efficiency projects, and the elongation of payables to improve cash-to-cash. It is all consuming. The Preamble.
This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) The Company drove a pattern of improvement year over-year surpassing the industry in the 2019-2020 period. The first step was to find a reliable data set and establish the peer groups. but declining.
While lower than previous maximums, the 10% rate remains above pre-2020 levels and applies broadly, unless otherwise specified by sectoral exemptions. Companies should incorporate these provisions into their sourcing, pricing, and compliance strategies. including those from the UK. Automotive Sector The U.S.
If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supply chain resiliency test. Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. Trade disputes and tariffs.
There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. million in 2020 , with compromised employee accounts the most common cause.
February 17, 2021 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced another record year in 2020. In 2020, Ivalua continued to be recognized as a leader by top analyst firms and industry organizations. Many other innovations spanning the Source-to-Pay process. Redwood City, CA.
Source: US DoD. Although Pfizer does not state the source of this capability, I assume the technology is provided by FedEx, UPS, and McKesson. Covid-19 vaccine distribution is headline news across the country. The post Covid-19 Vaccine Distribution – Possibly the Most Important Supply Chain appeared first on Logistics Viewpoints.
My colleague Steve Banker published an informative article in 2020 about this extensive initiative Ahold Delhaize’s Supply Chain Transformation (forbes.com). Sources of Efficiency. In the first three quarters of 2020, Ahold Delhaize USA reported a 115 percent increase in online sales.
In todays complex and often volatile global environment, procurement leaders face mounting pressure to cut sourcing costs while navigating geopolitical instability, inflation, tariffs and talent shortages. The truth is, sourcing smarter isnt just about softwareits about strategy, support, and best practices. His takeaway?
When the pandemic started in 2020, no one could foresee the impacts of the global supply chain disturbances would last this long. As most of the common pain points and challenges from 2020 continued to be still relevant in 2021, many retailers accelerated their search for next-generation planning capabilities.
However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020).
Those who made investments in the underlying technology and have seen their businesses thrive during 2020. Source: IDC 2021—Digital Analysis: Manufacturing. One of the key messages to come out of 2020 was reducing risk and improving resiliency; ranked the number one business priority with 61.9% Driving for Digitalisation.
Of the many things 2020 taught us, one key takeaway was understanding the global supply chain’s volatility. To make up for the higher costs of in-country sourcing, businesses search for ways […].
Media sources are filled with prognostication. The chart below shows that the index decreased to a value below zero earlier this year, for the first time since 2020. The Freightos Baltic Index: Global Container Freight Index shows that rates over the last six months are in-line with the historic average between 2016 and 2020.
If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the resiliency test. Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. 2020 Was A Year Of Supply Chain Disruption.
Although Pfizer does not state the source of this capability, I assume the technology is provided by FedEx, UPS, and McKesson. This data represents “cumulative counts of COVID-19 vaccine doses recorded as shipped in the Centers for Disease Control and Prevention’s (CDC) Vaccine Tracking System (VTrckS) since December 13, 2020.”.
For the first time since 2020, I was back in New York City for the NRF Big Show. In September 2022, Macy’s rolled out its first-ever wood-sourcing policy for its furniture sales after more than 150 years in business. It requires the use of responsibly sourced wood or recycled or reclaimed materials.
Just when things couldn’t possibly get any crazier, 2020 finally came to a close. We’ve found our customers are urgently seeking ways to better plan around supply chain demand volatility and improve how they source materials and products from suppliers. Published 10 November 2020 – ID G00735109.
Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. In fact, IT spend as a percent of business capex crossed over the prior ~10 year average in 2019 and we see that trend extending in early 2020.”. Natural disasters. Geopolitical events.
Fewer organizations achieved their business goals in 2023 than in any recent year, aside from 2020. Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. With the continued challenges facing supply chains, that is no surprise.
The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. Nearing the end of 2020, Maersk has remained true to that goal. Other sources reported that DB Schenker was not the only forwarder making this shift. Efficiency by unifying entities. It’s worked.
Source: J.P. The first pattern I noticed was an extreme decrease followed by an extreme increase in 2020. Morgan Global Manufacturing PMI compiles data from S&P Global and other sources from countries across the globe and weighs the countries based on annual manufacturing value added. I see that as a positive.
With the added pressure for speed, service and timeliness, paired with a tight economy and produce season coming at full speed, it’s a problematic situation that will continue the 2020 capacity crunch through early summer 2021. What Can Shippers Do About the Safety Blitz.
Including Bomi, UPS Healthcare has doubled its global footprint since 2020. It covers 37 states and parts of Canada through a fleet of more than 150,000 crowd-sourced drivers, it says. By June 2020, it had ballooned to a $3.4 billion on grocery delivery, down 26 percent from 2020. Terms of the deal were not disclosed.
Prior to 2020, they were paying around ten cents a mask. During 2020, Cooper was paying up to a $1.50 2020 it was just a scramble for PPE,” Dr. Runkle explained. “We Everything from contrast dye, to tubing, to medical devices with embedded semiconductor chips would suddenly become difficult to source.
April 15, 2020 – Ivalua, a leading provider of global Spend Management Cloud solutions, today announced that its marquee annual event, Ivalua NOW 2020 , will transition from a physical event in Washington D.C. to a virtual event, taking place on May 5 and 6, 2020. Redwood City, CA.
Here are some different sources and their very different numbers: The first question is why the Department of Energy has these kinds of statistics. According to JLL , the CAGR between 2010 and 2020 was 1.3% But without good baseline numbers, no one can say if that is true. Why not the Department of Commerce? Then there is Statista.
In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. higher than 2020. Consultancy UK).
percent increase from July of 2020. These sources, and others, indicate acute supply constraints in certain areas, such as automotive, and other factors that appear to be more widespread, such as labor constraints. Census Bureau announced the advance monthly sales for retail and food services sales for July. The estimate of $617.7
Without a doubt 2020 will be etched in our memories as the year of multiple disasters, with the Covid-19 pandemic, trade issues between the US and China, wildfires in Australia, social unrest in Hong Kong, drastic declines in oil prices, turbulent financial markets and other politically dominated issues in emerging markets.
Lidl also shared that it had identified 11 critical raw materials and committed to setting responsible sourcing targets for each group of items. And, after piloting a pair of prototypes back in 2020, Yusen Terminals has picked up the first five production units and put them to work at the Port of Los Angeles.
Optimization of the entire source-to-pay process for nearly all Körber locations worldwide. In order to establish a unified and consistent source-to-pay process throughout the entire Group, Körber was looking for a fully integrated e-procurement solution. The goal was to increase efficiency across the Group’s Business Areas.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content