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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.
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?
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. Ready to Transform Your Freight Operations?
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 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 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.
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.
Article - May 19, 2025 A Bitter Pill: Americas Dangerous Dependence on China-Made Pharmaceuticals How Global Supply Chains, Strategic Rivals, and Quality Breakdowns Threaten U.S. yet it depends on China for 80% of its APIs. China alone supplies nearly 90% of the antibiotic APIs consumed in the U.S., Critical Risks in U.S.
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.
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.
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.
Meet with the Leader in Procurement Risk AI As geopolitical risk, regulatory change, and ESG expectations accelerate, Exiger helps CPOs tackle the growing list of procurement challenges. Were excited to join World Procurement Congress 2025 for several exclusive events to discuss technology-driven transformation and building resilience.
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.
This blog highlights key strategies from these recent forums on sustainable procurement and practical tips to achieve impactful results. China: Responsible for 27% of the world’s greenhouse gas emissions, China is aiming to reach its carbon emissions peak before 2030 and achieve carbon neutrality before 2060.
At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function.
Growing tensions between China and trading partners. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. Order cycles–the requested time from order to delivery–decreased while supply cycles –the time to procure materials– increased. Unrest in Sudan.
Ryusei Ono, Representative Director and President, MISUMI Group Inc.: “From its earliest days, MISUMI’s culture of ingenuity and innovation has made us a leader and pioneer in making it easier for customers to procure manufacturing components that fit their needs.
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. For example, there is a limited supply of logistics service providers with the desired capabilities in China, compared with a rapidly growing e-commerce market.
Table of Contents The Peoples Republic of China (PRC) recently banned exports to the United States of three critical minerals antimony, gallium, and germanium along with other high-tech materials that are used in industries that are vital to U.S. WATCH NOW: On Alert: China Ban Crimps U.S. WATCH NOW: On Alert: China Ban Crimps U.S.
In part 1 of this blog I looked at how procurement can actually create new revenue opportunities. Here I’ll take a look at two other ways that procurement can help support growth. Incentivize procurement w/performance goals & KPIs that encourage supplier collaboration to drive meaningful changes in behavior.
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. Everstream Analytics agrees that geopolitical risks are high. Cyber Attacks. ” Reputational risk.
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. 3) Be proactive : when Cook was reported about a problem with one of Apple''s suppliers in China, he said to his staff that, " Someone should be in China driving this ".
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.
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.
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.
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. Organizations will be pressured to reduce costs and do more with less. As the U.S. Supply chain is a team sport and will increasingly be so!
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.
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.
As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. However, as teams become remote manual procurement has hampered operations.
It also emphasizes the need to reduce reliance on high-risk foreign sources, particularly PRC-based entities, and directs agencies to implement procurement and funding policies that favor U.S.-based efforts to reduce reliance on China and other geopolitical competitors for critical supply chain inputs. capital flows to China.
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?
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. The ABC (Anywhere But China) phenomenon has companies relocating or stepping up plans to relocate their manufacturing outside China.
Under Pressure, Will Procurement Take Performance Higher in 2023? . Procurement and supply chain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supply chain teams are under constant pressure. “Our
Since 2023, China has increasingly placed export controls on key raw materials like gallium, germanium, and antimony, culminating in its recent December 2024 ban on exports to the U.S. Exiger has previously analyzed Chinas regulatory moves to restrict these minerals trade flows, highlighting the need to identify alternative sources of supply.
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.
China is notorious for being the largest emitter of CO2; it continues to build coal-fired power stations and nuclear power plants because the country has no oil and little gas. So, whereas the EU is adding 80 Gigawatts in renewable energy capacity per year, China is currently adding around 370 Gigawatts capacity per year.
It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.
Specific concerns revolve around declines in China , where a combination of a sagging economy with economically challenged consumers and rather stiff competition from rivals such Huawei and others, have muted market growth. Reportedly, planners are tapping component supply that is available in China.
This small island is currently in the middle of political tensions between the US and China and represents 90% of the most sophisticated chips, such as those based on gallium nitride and gallium arsenide, which are used in the defense and aerospace sector. The China COVID disruption impact is ongoing creating container and chassis imbalances.
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-Mediterranean prices (FBX13 Weekly) increased 5% to $3,082/FEU.
In 2001, China joined the World Trade Organization, increasing access to China as both a channel and a supply source. For example, I recently interviewed someone in procurement who is working on SCOPE 3 emissions and tariff readiness. Procurement was operating in isolation from supply chain.
In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. US-China Tensions and Critical Minerals US-China tensions have heightened and will continue to be a risk in 2024.
Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods. How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module. April 9, 2020.
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