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The SAP staff observes, “The top supply chain optimization priorities havent really changed for decades, even centuries: Make sure customers are happy, increase efficiency and profitability, and balance supply and demand.”[2] This reduces fuel consumption, lowers delivery times, and enhances overall transportation efficiency.”
Home Making Logistics Data Actionable: Insights from Freightos and Gryn July 7, 2025 Blog Data is the backbone of efficient decision-making. Below, we dive into their key takeaways and explore five practical ways to make your logistics data actionable, with insights grounded in industry trends and high-authority sources.
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.
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.
The law requires importers to provide clear and convincing evidence of a forced-labor-free supply chain and tasks the Forced Labor Enforcement Task Force with devising enforcement strategies. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.
That makes agility a foundational part of your manufacturing strategy. Decision-makers must plan supply chain resilience strategies for a wide range of risk scenarios. The primary goals of SRM are to foster hand-in-glove supplier relationships, manage risk, and optimize the value chain.
Cost, Proximity and Speed Freight cost per container from Asia to North America has risen by nearly 60 percent since 2020, driven by port congestion and shipping-line rate hikes. Analysts at Product Distribution Strategy nearshoring statistics forecast that USMCA-driven sectors could generate 40 billion dollars in export growth by 2030.
To address the issues presented in the publication, the GBA conceptualized the DBP as a framework to increase transparency across the battery value chain and by 2020, they captured the initial vision for this ecosystem and roadmap. Sources General source: [link] [link] [link] [link]
In what was termed exclusive reporting, citing informed sources, Reuters indicated last week ( Paid subscription ) that BYD has been slowing its production and expansion pace by reducing work shifts in some China based factories. According to this report, China’s auto buyers had the opportunity to acquire an EV auto for upwards of $7,700.
The rapidly evolving global supply chain dynamics of the last few years have led manufacturers to rethink their strategies. Early 2020 through mid-2022 saw soaring demand for certain medical products and consumer goods, manufacturing disruptions due to Covid-19, and backlogged transportation channels.
Mr. Green has served as Descartes’ Senior Vice President for North American Sales since August 2020. Management Update Descartes is pleased to announce the appointment of William Green as Executive Vice President, Global Sales. Mr. Green has previously held senior commercial roles at Salesforce, PROLIFIQ and CDC Software (now Aptean).
We enable businesses to optimize their operations with unprecedented accuracy and efficiency. We needed a solution that would make the right assortment decisions in merchandising, utilize retail space efficiently in each store and execute and maintain schematic plans. That naturally led us to Blue Yonder.
At Optimal Dynamics’ recent Transportation Leadership Strategy Session, 25 industry peers gathered to exchange perspectives on how we’re all adapting to these pressures. When everyone operates from the same source of truth, decision-making gets faster, more accurate and far less dependent on legacy processes.
From system-directed activities to embedded intelligence, we crafted our solution to streamline end-to-end processes, ensuring operations run smoothly and efficiently. These features enable a more efficient, accurate, and high-performing operational environment.
Headlines included upwards of $6 billion in accounting losses, reportedly the largest since 2020 at the height of the global pandemic. Financial Performance Highlights Yesterday the commercial and military aircraft provider formally reported Q3 financial after an earlier pre-release.
Moreover, we were unable to carry out the buyer’s most crucial action: sourcing appropriately with suppliers on the platform. By shifting the mindset from skepticism to openness and mutually beneficial relationships, organizations can begin to see how SRM can enhance efficiency and drive innovation.
The companys founder, Donald Hicks, was the prior Co-Founder of supply chain analytics technology provider Llamasoft , which was later acquired by Coupa Software in 2020. In 2023, this provider secured $13 million in added financing, led by MK Capital , a venture capital firm.
So, many users still buy TikTok followers from reliable marketing sources. It’s the most downloaded app of 2020 and is growing fleetly in requests around the world and at least 40 TikTok stars have further than 10 million followers. There’s no better time to develop a TikTok influencer marketing strategy.
Intermodal capacity has expanded significantly since 2020, and it is far easier to add containers into service. Warehousing capacity has tightened and costs have risen as a result of this pull-forward strategy. These longer lead times have given shippers more flexibility to move goods once they arrive in the U.S.
By providing a scalable, cloud-based platform that connects end-to-end supply chain functions, we empower data-driven decision-making and proactive risk management, ultimately boosting operational efficiency and customer satisfaction. 2 Blue Yonder was previously listed as JDA; the company rebranded to Blue Yonder in February 2020.
For instance, key smartphone components such as processors, displays, and batteries are often sourced from countries like China, South Korea, and Taiwan. In recent years, as companies have started increasing nearshoring initiatives, Mexico has become a critical part of these strategies.
In 2020, a Tesla supplier was hit by ransomware, causing production delays. Even if you take measures to ensure that your own security is tight, weaknesses in third-party plugins, open-source models, or training datasets can introduce backdoors to the hacker. The worry is that GenAI could enable subtler, harder-to-detect sabotage.
And so, FedEx established FedEx Dataworks in 2020 to answer the question – “How can FedEx harness the power of its rich data ecosystem to drive better decision-making, improve the efficiency of supply chains, and unlock new opportunities for its network, its customers, and their customers?
Everyone from project managers to junior estimators needs to understand the basics of sourcing, negotiation, and digital workflows. Standardized Procurement Training Even the best tools fall flat without the right people using them. Procurement in 2025 isn’t just the responsibility of a single coordinator. error: Content is protected !!
That means it’s still expensive to move freight, and the system isn’t getting more efficient. Source: SONAR Spot Rate Changes Over Last 4 Days (Van TRAC Map). trillion on logistics last year. That’s 8.7% of GDP — the same as before — even though volumes didn’t really grow. He has not yet entered a plea at the time of this publication.
Recognised globally for its prestige, this event honours the leaders and organisations that excel in innovation, efficiency, and sustainability. The awards spotlight the best practices and transformative strategies shaping the future of procurement. The company achieved sales of 9.3 billion in fiscal year 2023/2024.
”[4] Like Goodman, they note that the pandemic motivated many companies to rethink their supply chain strategies. They describe three such strategies: • Reshoring. ” All three of those strategies involve geographical considerations in one way or another. ” • Diversification. Footnotes [1] Peter S.
sourced semiconductor production. In 2020, TSMC announced an initial $12 billion investment in advanced fab capability to be located in Arizona. production sourcing announcements made in the first Trump Administration , such announcements were significant in scope and potential, but lacking in specifics and follow through.
The United States-Mexico-Canada Agreement (USMCA) was signed in November of 2018 and went into effect on July 1, 2020. In 2019, one year after the imposition of steel and aluminum tariffs were lifted, the impacted countries came to added lateral agreements relative to regional trade agreements. With the U.S. Stay tuned.
In summary, this is an environment where the lessons and learning acquired during the Covid pandemic in 2020-2021 are put to a further test. Such an environment leads to added monitoring of inventory, working capital and technology investment needs. Are you adequately prepared? All rights reserved.
We are calling attention to this report because of its implications for existing industry supply network strategies and needed capabilities. The tradeoff was one of reliance on cheaper and more efficient global wide transportation from global based supply networks. Paid subscription ).
They understand the business well enough that they can help influence the strategy. So this was the very end of ’19, beginning of 2020, and then by the way, something else happened in 2020 that really changed a lot of things. Chad Wright Yeah, that’s a great way to look at it.
Companies that took 2020 seriously and invested in their data are now leading their industries in AI. Semiconductor companies are using generative AI-driven tariff modelers to simulate trade scenarios, optimize sourcing and respond to shifting policies. Those that didn’t are scrambling to pay down technical debt.
The North American Free Trade Agreement (NAFTA) was signed in 1994, and the USMCA was 2020, so after 26 years, the economy changed a lot, and I do think that moving from NAFTA to USMCA was positive,” Henrichsen said. “I It meant that 75% of the vehicle’s parts must be sourced from the U.S., I think for everyone, it was positive.”
Garner says that successful organizations should focus on the following actions: Prioritize long-term digital strategy over short-term goals Gartner says that as logistics continues to transform technologies, processes and people, the need for high-quality data and decision-making capabilities is growing.
We now share excerpts of Prediction Two likely to be one of the more longer-term consequential predictions, that which is related to supply network strategic and tactical sourcingstrategies. Prediction Two Increased import tariffs and trade conflict policies of a second U.S. or other global companies.
It was the largest stock market decline since March 2020, the equivalent of the peak of the global pandemic. Implications for Industry Specific Supply And Demand Support Strategies We will in this commentary not attempt to sugarcoat the sheer implications of yesterdays tariff actions and subsequent responses come into effect.
Source: ISM So mixed signals on the economy, with weak but and barely positive Q1 GDP, then likely a somewhat better Q2, but the PMI indicating a prolonged manufacturing slump, with weak forecasts for full year growth. However, the June score is still well below the 105 level in February 2020 right before the COVID crisis. versus 2024.
Presidential election ramps up to its final week before election day, Supply Chain Matters highlights how strategic supply chain sourcing decisions can sometimes take on domestic or geopolitical connotations. During the 2020 U.S. As the U.S. The Foxconn promises of the large scale manufacturing complex was a reported campaign issue.
Use them to align plans with your company’s longer-term North Star strategies. This approach can work,” Aronow says, “but only after the CFO and business leaders agree to invest in additional and flexible sources of supply. Supply Chain Digest Says. Aronow says to start by investing in organizational storytelling skills.
While these results may seem surprising to those solely focused on barcode scanning, the adoption of multi-modal technologies in the DC makes perfect sense for greater worker efficiency and productivity. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
What Canadian Businesses Can Do Canadian businesses, small and large, can adopt strategies to navigate the uncertain trade waters theyre about to find themselves in. Many UK businesses had to change their sourcingstrategies, leading to an increased focus on stockpiling goods to avoid interruptionsa costly and inefficient approach.
Industry supply chains experienced and exercised rather high levels of safety stock planning after the initial impacts of the global wide Covid-19 pandemic in 2020 when supply and demand levels were simultaneously severely impacted.
We observed that the overall April data not only points to a state of global wide contraction in production and procurement activity but qualitative indicators of cutbacks in new or export order levels not seen since the initial time of the global pandemic in 2020. Among the stated key takeaway points are that a U.S.
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