Bindiya Vakil ( @BindiyaVakil ), Resilinc CEO, notes, “Supply chain, sourcing and procurement professionals are on the front lines of managing global trade risks for their companies. 2018 challenged them in new ways, and 2019 is shaping up to present continued uncertainty as long-standing trade relationships are reconfigured.” In professional football, a quarterback can “take a knee” while holding the ball to end a play and down the ball. MORE

But for businesses of just about every type, the disruptive impact of the epidemic was something more ominous: It presented an existential threat to their survival. The effective shutdown of industrial activity in Wuhan, China — ground zero for the virus – presented particularly difficult problems for manufacturing firms worldwide, many of which had come to depend on materials, components and finished goods made in China. MORE

Logistics Service Providers (LSPs) were the center of the cargo transportation universe and the shippers were fully reliant on them for all their logistics needs. Air and ocean freight carriers were reliant on these LSPs to provide them with a view of the market; in most cases they had no transparency into the shipper’s needs and thus were completely cordoned off from the true source of demand. A true cargo pricing bazaar was the result. Fast forward to present day. MORE

From California to Connecticut, and Novi to New Orleans, EcoVadis was on the ground contributing to the advancement of sustainable procurement and CSR/sustainability practices in global supply chains during our most active year on record in the US. Ethical Sourcing Forum (New York, NY). The AIAG Corporate Responsibility Summit focused on sustainable procurement challenges and best practices in the automotive sector. MORE

As diamonds, and to a lesser extent, perhaps gold, are resources with origins that can sometimes be controversial, companies like De Beers have seized upon blockchain to provide evidence that their gems come from sources that don’t involve insurgency funding or forced labour. MORE

Using AI driven product nature of being and smart attributes, data can be structured to support the needs of ERP applications as well as strategic sourcing and Value Analysis activities , all from one data set. The data from this global virtual item master takes another step in its evolutionary journey and is refined using an online, cloud-based platform with user tools that automatically present the normalized data obtained from all sources, both internal and external, in natural English. MORE

It is this ability to present the entire freight transport and logistics supply chain under one roof that makes Multimodal the go-to event for shippers, importers, exporters, manufacturers, wholesalers, retailers – all seeking ways to run a slicker supply chain. Events Clarion Events distribution managers event freight transport logistics Multimodal NEC Birmingham procurement directors shipping managers Supply Chain Directors traffic managers Multimodal 2015. MORE

Until then, we received some questions from a ShipChain community member, so Lee and I were glad to be able to put together some detailed responses and present them here on the blog to clear up any misconceptions. That said, TradeLens is focusing primarily on Maritime, which we see as an opportunity as it means that intermodal cargo needs a home, and we’re happy to provide it. . MORE

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network. MORE

Strategies include sourcing more items directly from manufacturers to improve margins, SKU rationalization and space reduction, “show more carry less” and assisted-store ordering. In 2017, Smith & Nephew expanded its use of business network and cloud-based applications to support a centralized, efficient procurement process for managing spending from end to end. The world of supply chain and logistics is changing every day. MORE

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. In other words, the technology will continue to present challenges until its use becomes a standard in global and domestic trade. Reduction in costs and hassle associated with cargo insurance claims filing and processing, says CargoX Founder and CEO Stefan Kukman. MORE

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” Also, globalization presents another hydra-headed challenge for your procurement network. These risks come from a variety of sources, such as demands from the customers, a swinging political agenda and global sourcing. MORE