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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. Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos.
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 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.
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.
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.
Automakers must model dual-path sourcing strategies and reintroduce buffer inventory—not just for parts, but for regulatory flexibility. 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.
At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail. As disruptions become the norm, Supply Chain Planning and Source-to-Pay (S2P) cycles need to be increasingly dynamic and intertwined.
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.
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. (Yes, Unrest in Sudan.
Fictiv’s Global Manufacturing Supply Chain brings together AI-driven technology workflows, a world-class global manufacturing network, and teams of local manufacturing experts to simplify sourcing for custom mechanical components. By leveraging Fictiv’s four global manufacturing centers in India, Mexico, China, and the U.S.,
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.
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.
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. Some may have believed themselves to be immune at one point, but now their perspective is shifting.
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.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design. He further established the case for why supply chain teams need to context integrated sourcing as well as procurement.
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.
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.
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.
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.
Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?
Recent and proposed tariff changes are reshaping the landscape at a rapid speed, putting supply chain leaders on high alert and forcing businesses to rethink sourcing strategies, supplier relationships, and cost structures. From the U.S. A highly skilled supply chain workforce is critical to responding quickly and strategically to disruption.
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.
Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources. Joint tariff payment is a better strategy for both partners when compared with looking for a totally new supplier or sourcing from a different country altogether.
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.
That stated, in certain regions such as across Europe and China , the year continues to present economic and manufacturing challenges. In particular, efforts directed at China Plus materials global or regional based near shoring efforts garnering continuing business level sponsorship. In the specific case of Germany , it is both.
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.
In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.
At the same time, the company’s iPhone production sourcing strategies continue to navigate a rather dynamic geo-political landscape in the ability to both leverage future growth markets and mitigate supply chain disruption or geo-political risks. Reportedly, planners are tapping component supply that is available in China.
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. Some 48 active pharmaceutical ingredients (APIs) vital to the pharma supply chain are sourced from the central province of Hubei.
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. Strategic sourcing with Cloud ERP.
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.
In 2001, China joined the World Trade Organization, increasing access to China as both a channel and a supply source. Consider the investment in outside-in planning processes using market data and orchestrating source, make, and deliver based on a holistic design process. They are slower to adopt when markets slow.
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.
Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. VFC’s supply chain sourced over 410 million units of apparel, footwear, and accessories in their last fiscal year.
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
For many years the predominant priority in sourcing has been finding the lowest cost possible. What is the appropriate sourcing strategy going forward? Should you keep work in low cost geographies, establish sources in multiple geographies, or on-shore work into high cost domestic countries? Geographic Sourcing History.
Bowman, SupplyChainBrain In the rush to adjust sourcing strategies in line with current trends in international trade, the answer might be to think small. manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. The conversations are becoming real,” he says.
I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. The populist narrative of sourcing globalization is only part of the story. Goodman is, “Should the item ever been sourced or scheduled for production?”
Chipotle Mexican Grill says its goal to source and sell chicken that’s certified as humanely raised has been delayed because its suppliers weren’t able to make the necessary changes without disrupting supply. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.
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