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From 2022 and beyond: Procurement’s Future

Proxima

Many things are currently making procurement prominent, but not all of them will have a longer-term impact. Procurement does not operate in a business vacuum. “It’s tough to make predictions, especially about the future.” ? Yogi Berra. You are mortal. The lazy route of predicting takes trends visible today and extrapolates.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Taiwan Semiconductor Manufacturing (TSMC), the company that makes the majority of latest-generation chips for Apple products, has committed to increasing capacity by spending $100 billion across the next three years, and building new factories in Arizona and Japan. Wall Street Journal ). Deloitte Global). Wall Street Journal ). McKinsey ).

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Enter RCEP: The World’s Largest Free Trade Agreement

Logistics Viewpoints

The 15 member RCEP countries comprise the 10 nations of Southeast Asia; China, Korea, Japan in north Asia; and from down under, Australia and New Zealand. Key FTA Elements. As a free trade agreement, several aspects of RCEP aim to facilitate the flow of goods between RCEP Participating Countries (RPCs).

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A vision for a transparent global Rare Earth Element system using blockchain technology

Provenance

In 2011, these concerns, specifically complaints from the United States, Japan and the European Union (EU), prompted the World Trade Organisation to rule against China’s export restrictions. A move that led to international concerns around supply security and the political motivation behind China’s export restrictions.

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How the Inflation Reduction Act’s EV Tax Credit Will Reshape Supply Chains

QAD

The approach calls for a deeper look at procurement chains, critical mineral qualification and the calculation of mineral content. EU Net Zero Industry Act: This package proposed in March 2022 sets a 40% by 2030 domestic production target for batteries, solar panels and several other clean energy technologies for use in the EU.

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This Week in Logistics News (July 2 – 8)

Logistics Viewpoints

Nintendo is struggling to break out of a frustrating sales slowdown, selling 33 percent fewer units of Switch game systems in the April-June quarter than a year ago in Japan due to a crippled supply chain. Nintendo is having negotiations on procurement, but the outlook is uncertain.