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The FLR adopts the International Labor Organizations definition of forced labor and mandates the European Commission to issue guidelines by June 2026 to aid compliance. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
food supply by the end of 2026. From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments. Sourcing and Ingredient Availability A central impact of this policy is the need to replace synthetic colorants with natural alternatives.
The COVID-19 pandemic and ongoing geopolitical shifts demonstrated the risks of relying on single-source suppliers and minimal inventory buffers. AI-driven analytics, machine learning, and robotics are improving procurement, inventory management, logistics, and supplier negotiations. Resilience is now taking precedence.
It adopts the International Labor Organizations definition of forced labor and mandates the European Commission to release compliance guidelines by June 2026. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. from Canada and Mexico.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
Between the Carbon Border Adjustment Mechanism ( CBAM ) and the Corporate Sustainability Reporting Directive ( CSRD ), any large company that intends to conduct business in the European Union will be responsible for reporting on data that encapsulates environmental risk, procurement statistics, and supply chain impacts.
Strategic rethink in supply chains With such a substantial shift in operating costs over the short and long term, as well as an increased risk of dislocation disrupting supply chains, businesses are reconsidering their strategies, with major implications for global manufacturing and sourcing.
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. Follow us at @Ivalua. Global Media Contact.
Amid a continuing component supply shortfall involving commercial aircraft global supply networks a report indicates that India has become a more attractive source of components. During 2025, and likely extending into 2026, this industry will continue to be challenged by supply chain network related demand and supply imbalance concerns.
The regulation is designed to provide European consumers with extensive data about the provenance of the items they purchase, all the way back to the sourcing of raw materials. Under “intermediate” products, the first sectors to be impacted are iron and steel in 2026, and aluminum in 2027.
The days of quarterly reviews and annual procurement cycles are giving way to a much more dynamic, responsive approach to supply chain management. Having everything connected from market intelligence to tender procurement to actual bookings transforms how shippers operate. However, this specialization has created its own challenges.
E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Almost all governments are looking to onboard CTCs, with most of Europe being covered by 2026.
They include areas of supply chain planning, sourcing and procurement, customer fulfillment, logistics, transportation and other application areas. Scaling Back of Market Expectations Late last month, quantitative IT market industry analyst firm Gartner released a report of expected IT spending increases in 2025.
28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times. Over 90% of the United States’ semiconductor-grade neon is sourced from Ukraine. Image source: Bloomberg.
Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. CBAM takes effect in 2026, with reporting already required from 2023.
Fiscal 2026 guidance from e2open executives indicted expected total GAAP revenues of between $600 million and $618 million reflecting a 0.2 Supply Wisdom Secures $14 Million Series B Funding Continuous and multi-domain procurement supply risk intelligence technology provider Supply Wisdom has secured $14 million in a Series B funding round.
Watch our on-demand webinar to discover how procurement can lead the way in ESG and decarbonization, and learn from experts about driving sustainability transformation across your supply chain. Explore how JAGGAER helps procurement teams stay ahead of regulatory pressure with end-to-end transparency. What is procurements role in CSRD?
As part of its partnership with drone company Wing, the retail giant intends to bring drone deliveries to Houston, Tampa, Orlando, Atlanta and Charlotte by June of 2026, and will expand existing services in the Dallas-Fort Worth region.
Reliance on China for Rare Earths Wal-Mart Brings Price War to Groceries, Boosting Pressure on Big Food Retailers Bloomberg Toyota, Daimler Finalize Plan to Merge Truck Units in 2026 More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting. Learn how they work, their benefits and limitations, and how they fit in with procurement software. How can procurement software help companies drive more value from GPOs? billion over 2017-2026.
The GDP growth forecast for 2026 has been reduced from 2.7 Integrated Business and Supply Chain Planning Team Takeaways In the final quarter of 2024 , Integrated Business and Supply Chain Planning teams initiated their business, financial, procurement and supply chain planning goal setting for 2025. percent in the latest update.
Chief Financial Officer John Dietrich specifically indicated: I think its reasonable to assume that the macro environment is not going to significantly improve at least through the first half of fiscal 2026. Dietrich further indicated that weakness from industrial customers was a further consideration.
And is expected to double by 2026. Acting as the last link selling products or services directly to the end customers – companies or individuals – the vendor receives a fee from the customer for sourcing the product tailored to his needs. Suppliers are your go-to for finding raw materials if you are procuring supplies for production.
Companies can leverage social media to obtain consumer behavior analytics while also monitoring the industry, news and other sources that can indicate potential supply chain disruptions like the passing of a new regulation.
This deliberation highlights the acute pressure original equipment manufacturers (OEMs) face in meeting near-term objectives, particularly those for 2026, deemed pivotal in the transition towards battery electric vehicles (BEVs). manufacturing prowess and reduce dependency on foreign components, particularly those sourced from China.
Better sourcing processes, how to implement omnichannel fulfilment, and creative solutions for labour shortages. According to a Bloomberg article highlighting a September 2021 conference call with analysts, Chief Marketing Officer for FedEx, Brie Carere, shared that the parcel market is expected to grow 10% annually through 2026.
Faury indicated to reporters that the expansion of Tianjin capacity is an important part of the strategy for producing upwards of 75 of the A320 family aircraft on a monthly basis by 2026. This facility also serves a base for commercial aircraft sold to China based airlines.
The news of this appointment was initially reported by Reuters , and coined as this plane maker’s: “ biggest management revamp for years, as it juggles supply pressures with challenges in defence and space, industry sources said.” A further open question is the ongoing management of suppliers as plans for ramp-up of production capabilities.
An overall corporate cost cutting initiative calls for $11 billion in savings by 2026 in order to afford the transition to electric powered vehicles. Further being considered is the “ questioning ” of planned production of a compact SUV EV model at VW’ s main Wolfsburg facility planned for 2026.
For instance, bad weather can hold up material deliveries, and new regulations might mean you have to change material specs or sourcing methods, leading to more delays and higher costs. Bureau of Labor , construction is predicted to be one of the fastest-growing job sectors until at least 2026. According to a report from the U.S.
billion by 2026, growing at a CAGR of 10.2% from 2019 to 2026. Source: [link]. production, warehouse, sales, procurement, quality control) and resources are performing and bridges information gaps across business operations. The global ERP software market is projected to reach $78.40
In the evolving landscape of automotive regulation, the Environmental Protection Agency (EPA) is at a crossroads, with significant speculation about adjusting its vehicle emission targets for 2026 and beyond. manufacturing prowess and reduce dependency on foreign components, particularly those sourced from China.
Executives further indicated that future monthly production plans for the same market popular single aisle aircraft family were progressing well towards the previously announced goal of 75 aircraft per month by 2026.
Stage 2: Pilot Implementation Starting January 2026, companies must purchase pilot product import permits. By January 2026, the CBAM will mandatorily require independent verification of CBAM reports. The CBAM is being implemented across three stages: Stage 1: Transitional Phase From October 2023 onwards.
The European plane maker further indicated that plans are established to reach its highest ever monthly production rates in 2026. The existing goal includes a target for the production of 75 aircraft monthly for its A320 neo family of aircraft by 2026.
Reportedly, Samsung is planning to have the two fabrication facilities to be operational in 2026 and 2027. The aim is the ability to support the strategic supply needs in domestic based aerospace and defense, artificial intelligence and automotive supply networks. Under the provisions of the U.S.
We noted in our update that while the Boeing 737 program is reportedly stabilizing at a production rate at 31 aircraft per month with plans to ramp production to approximately 50 per month in the 2025/2026 timeframe, the wide body 787 Dreamliner program continues to experience challenges.
Once more, current longer term industry trends imply a period of excess global container vessel ship capacity by 2026. According to cited Drewry data, another 3 million TEU ’s are scheduled for global fleet delivery by the end of 2026. The authors indicated that 478 ships, totaling 3.1
That goal has been moved to 2027 from the prior plan of 2026. As of last week, a Reuters exclusive published report, citing informed sources, indicated that Boeing was nearing a deal for Spirit. The company further pushed back by a year plans to ramp-up Airbus A320 monthly production levels to a volume of 75 aircraft monthly.
The European producer further reiterated that future monthly production plans for the Airbus A320 aircraft family is progressing well towards the previously announced rate of 75 aircraft per month in 2026. The implication of this plan is estimated to imply 650 global aircraft grounded during this peak period.
Operational Plans The financial performance release clarified that the 737 program is stabilizing at a production rate at 31 aircraft per month with plans to ramp production to approximately 50 per month in the 2025/2026 timeframe. Boeing reiterated a plan to deliver between 400 to 450 of 737 MAX single aisle aircraft in 2023.
According to reporting by global business broadcasting network CNBC , Airbus CEO Guillaume Faury indicated it was premature to start thinking about Airbus single aisle aircraft production levels higher than the currently planned 75 per month milestone by 2026.
With the Drive initiative substantially complete, most of the $1 billion in projected savings during the 2026 fiscal year will come from the consolidation of the Express and Ground networks, dubbed Network 2.0. The company’s stock price was down 5% in the first hour of trading Wednesday. The China-U.S. trade lane represents about 2.5%
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