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As a supply chain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. What Is Agile Procurement?
2025,the United States and China announced an agreement to reduce tariffs on each others goods for a limited period of 90 days. China will reduce its tariffs on U.S. China will suspend various non-tariff measures introduced in April 2025, including export restrictions on rare earth elements, regulatory investigations of selected U.S.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
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.
market, specifically targeting products from the Xinjiang Uyghur Autonomous Region (XUAR) in China. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
Home No More Black Swans: The Age of Supply Chain Uncertainty Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses. What’s become increasingly clear is that there are no more black swans in global logistics.
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.
The UFLPA, signed into law on December 23, 2021, specifically targets goods from the Xinjiang Uyghur Autonomous Region (XUAR) in China. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. market unless proven otherwise. from Canada and Mexico.
And now on to this week’s logistics news. May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. That’s all for this week.
The election is over, but the race is just starting for logistics providers. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year.
Already upended for two years by the COVID-19 pandemic, the worldwide logistics industry is facing new challenges. The energy crisis in China and the European conflict are bringing additional chaos in the form of production shutdowns, raw material shortages and blocked shipping lanes.
Home China volumes fall as demand climbs from S. Air rates – Freightos Air index China – N. China – N. In the meantime, reports on the drop in China-US ocean freight demand range from around 30% to more than 50% in the last few weeks. Asia-US East Coast prices (FBX03 Weekly) fell 2% to $3,395/FEU.
In a recent survey by Procurement Leaders , 54% of the CPOs reported that they have regular touchpoints with the CEO and are considered a key stakeholder. Let us examine these: Implementing a ‘China Plus One’ strategy: Part of the resiliency comes from having alternate sources of supply.
And now on to this week’s logistics news. As a first of its kind agreement in the US, FedEx Express will develop plans to test Elroy Air’s Chaparral autonomous air cargo system within the company’s middle-mile logistics operations, moving shipments between sortation locations. Amazon workers in Staten Island vote to unionize.
Judah Levine November 21, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) decreased 8% to $1,573/FEU. Air rates – Freightos Air Index China – N.
The manufacturing and supply chain industries are rapidly evolving and increasingly volatile, fueled by shifts in global tariff and trade policy, geopolitical uncertainty, logistics disruptions, and technology developments. By leveraging Fictiv’s four global manufacturing centers in India, Mexico, China, and the U.S.,
In fact, retail and other verticals such as logistics providers (parcel) experienced rapid growth from 2019 – 2021. Large companies in China are adopting warehouse automation at an increasing rate due to the limited supply of companies that are able to provide advanced fulfillment capabilities.
And now on to this week’s logistics news. The startup procured $400 million in a Series E financing round, led by One Madison Group and JS Capitol , that includes Walmart and existing investing partner SoftBank Vision Fund 1 in January 2022. Softness in China trade lanes hurt the top line from international segment, the company said.
tariffs, ongoing geopolitical tensions, and looming changes to the de minimis threshold for low-value imports from China are keeping global supply chains on unstable ground. Just when shippers catch a break, the landscape shifts again, forcing procurement teams to adjust strategies in real time. tariffs are reshaping freight.
The company listed potential disruptions from geopolitical flashpoints, including the Russia-Ukraine conflict, tensions in the South China Sea, and instability in the Middle East, as the second most likely risk supply chains will face. Third-party logistics providers are expected to face heightened cybersecurity threats.”
Emergency tariffs have raised the landed cost of essential imports in medtech, forcing procurement teams to seek alternative (and often less validated) suppliers, which is a regulatory risk. Many Western pharmaceutical companies rely on India and China for APIs. But failing to seek alternatives is also risky.
Growing tensions between China and trading partners. The global supply chain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Unrest in Sudan.
The Supply Chain Matters blog provides observations and additional information perspectives related to the 2025 State of Logistics report. Background and Summary Earlier this month, the Council of Supply Chain Management Professionals (CSMP) released findings from its annual State of Logistics research report. percent of national GDP.
The logistics landscape is evolving rapidly as more manufacturers relocate production closer to domestic markets. For logistics professionals, understanding how these changes impact freight networks is critical to staying ahead. China trade tensions driving businesses to reconsider offshore manufacturing.
are experiencing these pressures, China will pick up some slack. 2022 saw China’s economy grow at a historically low level of 3%, owing to the zero-COVID policy and slowing export volumes. The post 5 Supply Chain Predictions for 2023 appeared first on Logistics Viewpoints. As the U.S. He received his Ph.D.
Jobs also run the day-to-day operations, which resulted in the relationship problems with key vendors and third party logistics providers. Steve Jobs met Tim Cook In 1998, Steve Jobs invited Tim Cook for the interview while Cook was working as a procurement and supply chain leader at another company.
Depending on the nature of your business, your trading partners or your location, this could include procurement strategies, demand planning, logistics, and global trade management among others. Mastering Direct Spend Management Procurement teams generally do not report to the chief supply chain officer.
Logistics tech in 2022 has been unavoidably shaped by the two years that preceded it. During the peak of the ocean freight congestion, in September 2021, ocean freight rates reached well over $20,000 for China – US West Coast shipping. So without further ado, here’s your: Key Reads Logistics Tech Research and Updates for 2022.
Feature Article by Dr. Raymon Krishnan – President at the Logistics and Supply Chain Management Society. Relocating production from China. China trade war is causing what has been described as the biggest cross-border supply chain shift since China joined the WTO in 2001. MORE FROM THIS EDITION.
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. You will need to engage your procurement, sourcing, and finance teams as part of such an effort.
Import activity for aluminum cans has also drastically picked up in the last few months, however prevailing power curtailments in Europe and China continue to remain a bottleneck for a steady supply of cans from the international market into the US. What’s Next? To read the full article, click HERE.
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The surging Delta virus, devastating floods in China and Germany and cyber attacks on South African ports are amongst the latest in a series of events that continue to send shock waves throughout the system. For more than a year, global supply chains have been buffeted by one major disruption after another. The impact? He lives in Chicago.
reevaluating China tariffs, to shifting EU trade rules, to ongoing instability in the Red Sea region, the playing field is anything but stable. These changes impact the entire end-to-end supply chain, from planning and procurement to logistics and customer delivery. From the U.S. It also builds confidence in decision-making.
The explosion in globalisation, and corresponding reduction in transport availability over the last decade or so, have together kiboshed some of the factors which once fueled a steady growth in offshore manufacture and procurement. Indirectly, the rest of the world benefits too.
Historically, companies assumed suppliers would be able to supply raw materials or that the lead time from China to deliver those materials was three weeks. But procurement says, ‘well, we’re not going to tell the supplier that because we have this volume-based discount. These assumptions simplified planning.
Logistics and Supply Chain – 1940 to 2040 with Jason Miller. Jason Miller and Joe Lynch discuss logistics and supply chain, 1940 – 2040. Jason Miller (PhD The Ohio State University) is a tenured Associate Professor of Logistics and the John D. Key Takeaways: Logistics and Supply Chain – 1940 to 2040.
The global supply chain that we know today is built on three assumptions: rational government policy, low variability, and availability of logistics. We can no longer assume that government policy is rational, variability is low or logistics are available. These core assumptions are no longer true. This reset is not an evolution.
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. A nd a pproximately 70% of APIs from China are shipped to India to produce generics, of which around 40% are then shipped to the United States.
Businesses across APAC are gradually adopting AI and noticing clear benefits: Real-time visibility and better forecasting AI consolidates data from procurement, inventory, logistics, and fulfillment into one real-time view. It uses predictive analytics to spot disruptions early, allowing companies to act proactively.
As part of the CMA CGM Group, CEVA Logistics has a global reach, which means that we can make a global difference. The logistics business, is predominantly a network business driven by our employees. Keeping that in mind, CEVA Logistics aspires to ensure the protection and professional development of our employees.
The VP of Supply Chain and Logistics at our house (aka my wife) has been out of the country this week. So, while I count the days and hours and minutes until she gets back, here’s the supply chain and logistics news that caught my attention this week: American Logistics Aid Network (ALAN) Activates For Latest Major Hurricane Of 2018.
My wife often jokes that she is the VP of Supply Chain and Logistics in our family. Moving on, here’s the supply chain and logistics news that caught my attention this week: Uber teams with NASA to make flying cars a reality (CNN). Robinson Launches Rail Service, Connecting China and Europe. But it’s no joke, it’s true.
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