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Maersk’s Q1-2022 Financial Performance Portends What to Expect in Ocean Freight Rates

Supply Chain Matters

Moeller Maersk report of Q1-2022 financial performance provides indications of what multi-industry supply chain management teams can expect for the remainder of 2022 in the area of ocean container transportation. A total share buy-back program amounting to $10 billion was approved at the company’s annual meeting held in March 2022. .

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Supply Visibility: More Important Than Ever. Yet Elusive.

Supply Chain Shaman

The problem with supplier visibility is bookended into procurement processes that have gone back, not forward over the last decade. Procurement processes–encumbered by a focus on paperless processing, RFPs/RFQs, and efficient procurement–do not embrace the capabilities and requirements of direct material sourcing.

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5 Key Insights From the 2022 Automotive Logistics and Supply Chain Conference

BlueYonder

The automotive industry is a complex ecosystem comprised of dealers, original equipment manufacturers (OEMs), multiple tiers of suppliers, and third-party logistics providers (3PLs). The post 5 Key Insights From the 2022 Automotive Logistics and Supply Chain Conference appeared first on Supply Chain Nation.

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Drug Supply Chain Security Act (DSCSA) Overview: Are You Ready?

QAD

In 2012, for example, the FDA reported the distribution of counterfeit cancer medicine in the US when several medical offices procured counterfeit batches of the injectable cancer drug bevacizumab from a foreign entity. What DSCSA Requirements are Coming into Effect in 2022-2023? Product tracing. Verification (of product identifiers).

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Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. Industry experts call out advanced sourcing solutions as being extremely important to freight procurement.

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U.S. Logistics Manager’s Index Drops to an All Time Low in May

Supply Chain Matters

Further, the report indicates that many consumer goods firms reportedly achieved the inventory wind down they strove for throughout 2022. Noted was that one of the busiest times in freight logistics, the seasonal back-to-school retail stocking period, likely did not materialize. Further reported was that volumes of U.S.

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Building Blocks of Supply Chain Strategy!

Supply Chain Game Changer

Many third-party logistics providers offer supplier management services. Use barcoding and order tracking technology to gain insights into your supply chain from procurement to order fulfillment. Originally written for Supply Chain Game Changer and published on June 30, 2022.