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The new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supplychain. As the year marches on, you can count on weekly updates here!
I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions.
The core topics ranged from how prepared the world is to power the energy transition, developments in carbon removal, financing new investments, and grappling with supplychains. The EUs Forced Labor Regulation (FLR), published on December 12, 2024, prohibits the sale and export of products made with forced labor within the EU market.
In the vast sea of supplychain information, which SCMDOJO supplychain article truly stands out? Dive into our curated list of the top 12 blogs from 2024 that will elevate your supplychain knowledge and give you a competitive edge. Read In Detail About Procurement Department Here 2.
Procurement and supplychain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends?
Even before the Covid-19 pandemic disrupted global supplychains and upended the global economy, supplychain experts insisted that supplychain resilience was essential. There is a] need to prepare supplychains not only to survive, but to thrive in chaos.”[1] The reason?
For the past few years, the news has been filled with stories about supplychain disruptions, supplychain fragility, and the need for supplychain resilience. A term once prominent in supply discussions optimization isn’t heard quite as often as it used to be.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
” Dragons are a good analogy for the risks faced by supplychains. No one can say for sure what dragons lie ahead in 2025 for supplychains, but some risks are known. Navigating this years looming risks to build a secure supply network has never been more critical.[1] ”[3] Climate Change.
And for procurement and supplychain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supplychain for the year ahead?
Today, in supplychain planning, this could not be further from reality. In May, the total number of job cuts in the US were 696,309 – an increase of 80% from the 385,859 jobs cut in the first five months of 2024. Supplychain was defined in 1982 as interoperability between source, make and deliver. The reason?
Why can’t we put the same energy that we put into inventing new words, tossing around acronyms, and parading on a stage to advocate for maturity models to improve supplychains? Supplychain concepts follow hype cycles. They both exist in supplychain circles. Do we have the right narrative?
The Ferrari Consulting and Research Group through its affiliated SupplyChain Matters blog provides perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global SupplyChains. Indeed, they did. Presidential election.
Enterprise procurement teams face growing pressure to deliver strategic value – managing supplier risk, ensuring compliance, and supporting sustainability – all without sacrificing speed or control. This blog explores the most common challenges in digital procurement and the capabilities that matter most.
Procurement and supplychain leaders have faced their share of disruption and economic turmoil these past four years. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supplychain volatility is easing.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
Black (Swan) is the New White Since 2019, supplychains and logistics have seen one black swan event after another disrupt operations and impact costs starting with trade wars and the pandemic and continuing through the Ever Given, Houthi attacks in the Red Sea , multiple labor disruptions, and now a possible renewed trade war.
While the Inflation Reduction Act (IRA) offers powerful incentives to build a domestic clean energy supplychain, a concurrent strategy of imposing steep tariffs on imported components, particularly from China, is creating a policy paradox. In 2024, the tariff on Chinese EV lithium-ion batteries rose from 7.5%
Your Roadmap to Smarter Spend Management in 2024 Geopolitical, economic and supplychain challenges will stick around in 2024, but don’t despair. GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024.
Three major trends are driving growth in this industry whichcan be attributed to regulatory pressures such as the Uyghur Forced Labor Protection Act, advancements in AI, and supplychain innovations. The FLR, published on December 12, 2024, prohibits the sale and export of products made with forced labor in the EU market.
The Ferrari Consulting and Research Group through its affiliated SupplyChain Matters blog provides both perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global SupplyChains. Supplychain teams benefitted from such actions.
The move amounts to a weaponization of the Periodic Table and highlights a strategic vulnerability that could disrupt defense and industrial supplychains. Exiger is the only company capable of identifying the holistic supplychain impacts of critical minerals from technical data packages.
Global trade economics constantly change, and supplychains are becoming more complicated and interconnected. Cost reductions to 24-hour productivity can be one of the benefits that offshore team could offer to supplychain operations. Outsourcing Sourcing! 5 Lessons from Around the Globe!
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. In today’s fast-moving supplychain environment, optimizing these processes is critical to staying competitive and cutting costs. 📆 November 20th, 2024 at 9:30 AM PST, 12:30 PM EST, 5:30 PM GMT Save your seat today!
Implementing new technologies is the top strategic priority among the 671 supplychain leaders interviewed by Blue Yonder for their 2025 SupplyChain Compass , and it is a goal they are highly confident in achieving, however, digging into the report reveals legacy technologies and data structures might hold them back in these ambitions.
Commercial aircraft designer and producer Airbus announced its commercial aircraft divisions and associated supplychainsupply networks aircraft delivery goal for 2025. The announcement came in conjunction with last weeks reporting of consolidated full year 2024 financial results and guidance for 2025.
” What makes supplychains an ideal proving ground for this evolution? The Rise of the Self-Healing SupplyChain Today’s supplychains are under more pressure, navigating considerable hurdles such as macroeconomic instability, shifting demand patterns, climate events, and geopolitical friction.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. According to the releas e , overall disruptions to global supplychains increased 38 percent on a year-over-year basis.
Managing construction supplychain risks is critical to ensuring the successful completion of projects. Here’s a complete guide to handling construction supplychain risks. It encompasses procurement, logistics, inventory management, and supplier relationships.
The SupplyChain Renaissance Has Begun! In the complex world of business, the supplychain serves as the backbone, connecting the dots between production and customer satisfaction. Cost Reduction A streamlined supplychain is a powerful tool for cost management.
In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.
As preposterous as this thought experiment seems, it is the reality of procurement departments in manufacturing firms across the United States. The Procurement Predicament Procurement professionals need to secure thousands of parts for many different products at the best price possible for their company.
According to our 2024 report, Generative AI in the B2B Marketplace , 81% of B2B businesses are already investing in AI, with 79% anticipating increasing their AI budgets within the next year. What can supplychain leaders do to mitigate these risks? Those are expensive mistakes for any supplychain executive to make.
Subscribe How Artificial Intelligence Benefits Logistics and SupplyChain! Artificial Intelligence (AI) is transforming supplychain management, enabling companies to adapt more effectively to market demands, streamline operations, and enhance visibility across the entire supplychain.
Subscribe The SupplyChain Renaissance Has Begun! In a fast-evolving industrial landscape shaped by globalization, customer expectations, and digital disruption, manufacturers are under immense pressure to modernize their supplychain operations. billion by 2034, growing at a CAGR of 12.9%. Yet, over half of U.S.
SupplyChain Matters provides highlights and added commentary to this week’s reporting from Kinaxis of Q3-2024 financial performance along with new executive appointments. Upgraded Guidance Kinaxis adjusted its fiscal 2024 guidance which now anticipates: Total revenues unchanged at between $483 million and $495 million.
SupplyChain Matters provides readers with December 2024, Q4-2024 , and year-end global supplychain assessments as reported by various global wide PMI reporting. At the end of 2024, global manufacturing activity levels remained at a state of contraction amid international trade volume declines.
If you are part of supplychain ecosystem- be it Logistics Service Providers, Technology Solution providers, Academics or Policy makers- we welcome your partnership and look forward to navigating disruptions together.
The Fleet Feet SupplyChain The goal for the Carrboro, North Carolina-headquartered retailer is to make each store a hub for the local running community that it serves. The company opened 10 stores in 2024 and expects to exceed that number in 2025. Better inventory accuracy also improves procurement.
SCMDOJO Academy elevates your procurement and supplychain skills through its extensive course library. Mastering Procurement – Essentials Skills and Competencies Mastering Procurement by Maryna Trepova is the ultimate Procurement and Purchase Management course for Engineers, Entrepreneurs, Managers, and Students.
Making the most of early payments: 5 recommendations for procurement leaders Early payment programs play a vital role in helping companies build trust with their suppliers and make their supplychains more resilient. Here are five takeaways from the discussion. If I can’t convince you, it’s better for you not to do it.”
Commercial aircraft producer Boeing has formally reported Q4 and full year 2024 financial performance. Along with the ongoing complex set of challenges with the plane makers commercial aircraft business, the 2024 financial performance further points to the defense and space segment experiencing added financial headwinds.
Theres a growing demand for certified professionals in the supplychain industryin fact, the employment of logisticians is projected to grow 19% from 2023 to 2033. Supplychain certification equips companies and teams with the knowledge, tools, and techniques they need to design, manage, and optimize complex supplychains.
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