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In earlier articles in this series on GenAI we have discussed its benefits and how it differs from other forms of artificial intelligence, as well as how in future these will converge to create highly sophisticated solutions, not least in procurement. Procurement, too, is vulnerable. Not the least of these are the cybersecurity risks.
The topic/report will be on the logistics M&A so far this year. The report will be available free for paid Substack subscribers but I’ll provide a summary and a link to the report in case you’re interested in either purchasing it separately or paying for an anuual subscribtion to my Substack articles.
From electronics manufacturers to retail giants, companies are grappling with a complex landscape of rising duties and other supply chain challenges. The stated aim of those measures is to bolster domestic manufacturing and reduce reliance on foreign supply chains. The cost impact is both immediate and far-reaching. In the U.S.,
I recently learned that Walmart is currently moving all of their product shipments to June and July, in effect hoping to receive a bulk of their goods for 2025 prior to adoption of the tariffs in August on China, India, Bangladesh, Vietnam, and other Asian countries. Everybody has a limit as to how long they can hold off.
I asked that question almost three years ago following the collapse of a garment factory in Bangladesh that killed more than 1,100 workers and injured thousands of others. Based on recent reports, it appears that, three years later, the answer to that question remains the same: We don’t know.
The Sourcemap team travelled to Dhaka, Bangladesh last month to kick off the door-to-door census of every garment factory in the country: a Digital Ready-Made Factory Map of Bangladesh. Sourcemap is partnering with C&A Foundation and BRAC University (BRAC U) in Bangladesh to administer the survey.
For organizations that source products from suppliers in remote regions, blockchain can provide clarity in an otherwise murky journey from harvest to retail. billion metric tons—gets lost or wasted. From the wholesale manufacturers in Iowa to the farmers in Bangladesh, change is coming. World hunger is a global epidemic.
More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. Supply chains are multi-tiered and therefore difficult to manage.
Supply Chain Matters provides highlights of reported February 2024 global and regional production and supply chain PMI indices. Slight Rise in Global Wide Production Activity Global-wide manufacturing levels as depicted in the J.P. Slight Rise in Global Wide Production Activity Global-wide manufacturing levels as depicted in the J.P.
These two e-commerce business models have really taken off in the past decade, helped no doubt by the resurgence of China as the world’s manufacturing hub, the app economy and the convenience of an always-on mobile web. Here, I’ll cover private label products first and how you should go about sourcing for suppliers.
Define your procurement response strategy. Many countries have closed shops for non-essential and discretionary purchases, and even where they are open, consumers may be cautious about venturing to the high street, preferring to shop online. To further reduce costs, many buyers rely on just one supplier for certain categories of spend.
Audits are ineffective tools for detecting, reporting , or correcting environmental and labour problems in supply chains.”. We explore these issues including “genericization” of audit content, high costs, audit fraud, and lack of focus on and ineffectiveness on driving improvements.
Automakers – Volvo, Toyota, Volkswagen and many other automakers have suspended exports to Russia or are ceasing manufacturing operations in the country. Countries are diversifying where they source their supply from as well as investing in new production that will ease the burden. Long-term Supply Chain Implications.
The concept of ethical sourcing has risen in popularity during the past four years.” . Supply chain due diligence is a critical topic for manufacturers and enterprises in all industries, especially given three major impacts of recent high-profile abuse cases, new due diligence laws and consumer buying trends. . In the U.S.,
Purchasing and supplier management. Production/manufacturing. A KPI is a metric… but not just any metric. A KPI is a metric focused on a KEY element of business, departmental, or team performance. Later in this article we’ll look at some examples of functional and cross functional KPIs. Inventory management.
This should serve as a general framework to source products from different countries according to their strengths. For example, China for just about everything that can be made, Vietnam for clothing and shoes, and Bangladesh for garments. We’ve got a great guide on sourcing products from China , for example.
This should serve as a general framework to source products from different countries according to their strengths. For example, China for just about everything that can be made, Vietnam for clothing and shoes, and Bangladesh for garments. We’ve got a great guide on sourcing products from China , for example.
Just about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. A former journalist, she first became aware of the need for an intensive training regimen in Bangladesh, site of multiple labor violations and worker deaths. You don’t change the world in a minute.” in new financing.
Big players in the food industry, like Nestlé, Unilever, Walmart, and Dole, use blockchain to trace their products downstream to the original source but also upstream through the distribution network. The Rana Plaza building collapse in Bangladesh on April 24, 2013 killed over 1,100 garment workers and injured more than 2,000.
Big players in the food industry, like Nestlé, Unilever, Walmart, and Dole, use blockchain to trace their products downstream to the original source but also upstream through the distribution network. The Rana Plaza building collapse in Bangladesh on April 24, 2013 killed over 1,100 garment workers and injured more than 2,000.
Big players in the food industry, like Nestlé, Unilever, Walmart, and Dole, use blockchain to trace their products downstream to the original source but also upstream through the distribution network. The Rana Plaza building collapse in Bangladesh on April 24, 2013 killed over 1,100 garment workers and injured more than 2,000.
Big players in the food industry, like Nestlé, Unilever, Walmart, and Dole, use blockchain to trace their products downstream to the original source but also upstream through the distribution network. The Rana Plaza building collapse in Bangladesh on April 24, 2013 killed over 1,100 garment workers and injured more than 2,000.
Big players in the food industry, like Nestlé, Unilever, Walmart, and Dole, use blockchain to trace their products downstream to the original source but also upstream through the distribution network. The Rana Plaza building collapse in Bangladesh on April 24, 2013 killed over 1,100 garment workers and injured more than 2,000.
The executive order for these actions states that the tariffs are aimed at the (sometimes competing) goals of removing foreign barriers to US exports and creating barriers to foreign imports, both as ways to increase or restore domestic manufacturing. These duties will be applicable to all exports not loaded by April 9, 2025.
The executive order for these actions states that the tariffs are aimed at the (sometimes competing) goals of removing foreign barriers to US exports and creating barriers to foreign imports, both as ways to increase or restore domestic manufacturing. These duties will be applicable to all exports not loaded by April 9, 2025.
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