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LogiSYM Supply Chain Magazine – March 2023

The Logistics & Supply Chain Management Society

Logistics Procurement – Performance Management Download the latest LogiSYM Supply Chain Magazine In this edition we have several news updates, interesting & enlightening articles and contributions on people & management – topics which are most crucial to the development of the Supply Chain Industry across regions as well as globally.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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Halloween 2023

Enterra Insights

” This raises numerous questions, he notes, “What costumes and decorations and candy to make or procure, how much of them, what raw materials you might need, how and when to ship them over?” this year: NRF ,” Retail Dive, 21 September 2023. [2] this year: NRF ,” Retail Dive, 21 September 2023. [2]

S&OP 130
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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Here are some highlights from these trends in 2023 and implications on supply chain planning. This trend is expected to continue in 2023, with omnichannel sales across websites, social media, mobile apps, and brick-and-mortar stores being crucial for businesses. Returns are indisputably bad for the climate.

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Logistics Procurement – Performance Management

The Logistics & Supply Chain Management Society

Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

And the answer lies in how their 2023 went too. Navigating 2023’s Challenges and Looking Ahead While 2023 saw a general decrease in demand, with 60% witnessing a downturn, most attributed this to high inflation and a shift in consumer preferences. Most of these are nearly impossible to plan for.

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A Long Road Ahead for Procurement Professionals Managing Their Supply Chains

ModusLink Corporation

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. Consider global container shipping rates. Container rates in late July 2023 reached $1323 per TEU, significantly surpassing the late-2019 rates of $1236.87 before the COVID lockdown ( Freightos ).