How currency changes are affecting logistics providers

The Network Effect

Therefore, world currency changes do affect logistics providers. The post How currency changes are affecting logistics providers appeared first on The Network Effect. epSos.de/Flickr. Flickr. Note: This post was written by Valerie Bonebrake, SVP Tompkins Int. .

Global Currency Movements Causing More Widespread Industry Supply Chain Concerns

Supply Chain Matters

Today’s front page headline article of The Wall Street Journal, Weaker Euro Ripples Around the World, reflects far deepening foreign currency headwinds for producers whose supply chain costs and operations are weighted in U.S. dollar against major foreign currencies.

Trending Sources

What Do World Currency Changes Mean to Logistics Providers?

Creating Supply Chain Excellence

The post What Do World Currency Changes Mean to Logistics Providers? Tompkins International - Your Supply Chain. The Right Way. In the past year, the US Dollar, the Euro, the Pound, the Canadian Dollar, and the Peso, to name a few, have had significant fluctuations across the board. appeared first on Tompkins International. Blog 3PL Economy Logistics Service Providers

Currency in India: Current State of Disruption, Confusion, and Economic Slowdown

Transportfolio

Currency in India: Current State of Disruption, Confusion, and Economic Slowdown.Transportfolio. Two of India’s major currency denominations have been withdrawn since November 8. Business Global Transportation Supply Chain Currency Economy India

The Effect of Currency Demonetization on Statistical Forecasting

Arkieva

How does currency demonetization affect statistical forecasting? The post The Effect of Currency Demonetization on Statistical Forecasting appeared first on Supply Chain Link Blog - Arkieva.

7 Avoidable Data Errors in Your Supply Chain Data

The 21st Century Supply Chain

Currency. You’ll need currency conversions at sales points, but you’ll also benefit from accurate currency conversions at your assessment and planning levels. For example, tracking revenue in each location’s currency helps you to assess those values within that market context.

Data 110

Soft Market in Air and Ocean Freight and Fluctuating Currencies Inhibit the Growth for 3PLs in Third Quarter 2015

Logistics Viewpoints

Soft market environment in Air and Ocean freight was one of the major reasons for decline in addition to the currency fluctuations. The 3PL market has declined significantly in the third quarter of 2015. The 3Pl market has also witnessed some major acquisitions during the quarter Conway, whose Menlo divisions revenues have historically been party of this analysis, was acquired By XPO Logistics UTi acquired by DSV Some other relevant acquisitions which happened during the […

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Infographic: The “Made in China Era” Coming to an End?

Supply Chain Movement

This inforgraphic is about how the manufacturing costs in China are increasing due to for example changes in wage costs and stronger growth of the Chinese currency. Visuals Apple China chinese currency chinese wages made in china Manufacturing pepperdine university United States Wal-Mart

Top 10 Reasons Why Santa Has The Best Supply Chain

The 21st Century Supply Chain

5 One currency for every country. by Bill DuBois Since the Holiday season is upon us, what better way to celebrate than with a top 10 list, which I hope will put everyone in a festive mood! Here is the ‘Top 10 Reasons Why Santa Has the Best Supply Chain. #1 1 No ERP system, just a list.

This Week in Logistics News (July 11 – 17)

Logistics Viewpoints

The economics studies in which I have engaged over the years have always highlighted the ways in which economic activity (production, supply chain, services) impacts financial factors such as stock markets and currency values.

Lost in Translation-Incorporating Consumer Demand into your Supply Chain

The Network Effect

A few years ago, a news report came out of China stating that they were going to put an end to pegging the renminbi (China’s domestic currency) against the U.S. This was a long awaited announcement that completely shocked the global currency markets sparking massive trades out of the U.S.

How to Hedge Against a Greece-Like Crisis

Supply Chain @ MIT

However, what companies can expect is instability in some form or other, such as volatile prices and fluctuating currency values within the Eurozone and beyond. No one knows for sure how Greece’s financial crisis will impact the global economy over the long-haul.

World’s Largest 3PLs Off to a Weak Start in Fiscal Year 2015

Logistics Viewpoints

The 3PL market has shown negative growth in the first quarter of 2015 mainly because of the declining reporting currency of the 3PLs. Below is the list of y-o-y comparison of various currencies in which the 3PLs report their revenues Reporting Currency Y-O-Y Decline % Euro -17.6% Danish Krone -17.4% South Korean Won -2.6% […]. Logistics Service Providers 3PL Revenues

Tips for Global Expansion (Part 2)

Value Unchained

There is so much more to global expansion than simply operating with a different currency. No two countries are alike, and no matter how similar certain countries might seem, there is no magic bullet for supply chain solutions that will work across the board.

Oracle Reports Fiscal Q3 Financial Performance with an Emphasis on Cloud Adoption

Supply Chain Matters

Enterprise software and technology provider Oracle reported fiscal Q3 financial results this week and the headline was increased growth in cloud based revenues and customer pipeline amidst continued currency headwinds. dollars and up 1 percent in constant currency. Financial highlights of the quarter included: Total Revenues of $9.0 billion, down 3 percent in U.S. Operating […].

Is Your Supply Chain a Growth Engine?

The 21st Century Supply Chain

Hanifan says speed is the currency of the future. by Alexa Cheater We recently had the chance to sit down with Gary Hanifan, Managing Director, Accenture Strategy, to discuss all things supply chain.

Report of a Different Focus for General Motors in Supplier Management Relationships

Supply Chain Matters

These suppliers are currently challenged with the effects of a volatile foreign currency environment causing rising material and labor […]. The Wall Street Journal has reported that General Motors will allow 400 U.S. and Canada based component suppliers for GM vehicles being produced in Brazil and Mexico to be able to periodically renegotiate their supply contracts.

Strategic sourcing enters a new age. Are you keeping up? (Part 2)

Directworks

Financing, hedging, and currency plays. In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing.

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

But I read an article in this weekend’s Wall Street Journal – The Revolutionary Power of Digital Currency by Michael J. Already, hundreds of specialized apps are being built on top of the digital-currency blockchain software, which is seen in this context as a kind of base operating system.”.

What is Blockchain Technology Worth to Your Supply Chain?

Arkieva

The use of digital assets as an alternative to conventional currencies has garnered praise and recognition for its secure and speedy protocols. While the infrastructural flexibility of crypto currencies is yet to stand the test of time, block chains, the underlying technology for crypto currencies is truly a revolutionary step in the field of technology. With the advent of Bitcoin in 2009, cryptocurrency has taken the world by storm.

Supply Chain Scholars, it is Time to Matter in Today’s Debates!

SCM Research

Journal rankings, h indices and citation counts have become the currencies of SCM scholars. But is this really what we should focus on? What about taking part in public debates? Indeed, SCM scholars have a lot of knowledge about the context of global business, including knowledge about social practices in low-cost countries, the pros and cons of outsourcing, and CO 2 emissions in end-to-end networks. So, we have a lot to say that matters beyond academia!

Blockchain 101: What You Need to Know

Appterra

It is most widely used in the currency’s public ledger of cryptocurrencies. Based on a Bitcoin protocol, it contains every transaction executed in the currency.

Avoid “Lost in Translation”. Monetize S&OP to Include Finance.

ToolsGroup

One business, where finance was not involved in S&OP, was crushed by a rapid currency appreciation in the Swiss franc that made its products too pricey for the market. Finance speaks a different language than supply chain.

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Supply Chain News on After Decades as Procurement Bad Guy, GM Changing its Heavy Handed Ways a Bit

Supply Chain Digest

Some Suppliers will be Able to Negotiate in Mid Contract as Material Costs, Currency Values Change

Enterprise Software Suppliers Exhibit Mixed Results in Q1 2016

Logistics Viewpoints

We track the revenues of fifteen prominent publicly traded enterprise software companies and translate financial results reported in foreign currencies to US dollars using an average exchange rate for the given reporting period. ARC Advisory Group (www.arcweb.com) monitors and analyzes the enterprise software market on a quarterly basis.

5 key trends affecting the Consumer Package Goods industry

The 21st Century Supply Chain

b) Commodity price and currency exchange volatility – together they introduce increased unpredictability into the business and make managing shareholder expectations more challenging.

What is S&OP? By Accenture Strategy Guest Blogger

The 21st Century Supply Chain

One organization that did this well was a global consumer electronics company that operated across many competitive marketplaces and faced fluctuating currencies and foreign exchange rates. by Steven J.

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How Manufacturing in the US Continues to Grow Despite Fears Over Higher Costs, Lower Percentage of GDP & Election-Year Woes

Cerasis

Stop Overvaluing US Currency – The U.S. currency is currently overvalued by about 15 percent, which makes U.S.-made Manufacturers should consider how a flat fee of currency conversion could be used to offset this deficit between actual and inflated value, and the fee could be dynamic in accordance with the deficit. On July 1, 2016, the Institute for Supply Management announced the manufacturing index rose to 53.2

Download Resilinc's Brexit Global Supply Chain Impact Analysis Whitepaper

Resilinc

Better known as “Brexit”, the move sent a shock wave through global financial and currency markets. On June 24 th 2016, citizens of the United Kingdom voted and passed a referendum to leave the European Union.

Blockchain for Trade Promotion Execution?

Supply Chain Insights

Blockchain is the framework or data structure that was created to house the transactions of the digital currency or “cryptocurrency” like bitcoin. The hype around blockchain technology is growing because man continues to seek the next best thing.

Logistics Trend Radar 2014

SCM Research

Trend research helps academics and managers to discover topics that are interesting and important alike. DHL has now published the 2014 edition of its Logistics Trends Radar.

Common Sales and Operations Myths Part 4 – Spreadsheets are King

Logility

Develop financial and volumetric plans with multiple currencies. This is the fourth in a series of posts that investigates some of the myths or mistruths I have heard over the last 20+ years concerning Sales & Operations Planning (S&OP).

Improving Transportation in the Real World

Talking Logistics

Implementing a comprehensive audit, across all modes, geographies, currencies and languages, can achieve this data set.

How Do You Measure “Free Time” Across Your Global Supply Chain?

Talking Logistics

While you can’t control these factors, with a comprehensive TMS you can set up workflows that provide your local user, based anywhere in the world, with the language preferences, currency conversion, time zone support and user interface configurations to support them successfully in their roles.

Revenues Sagging? Here's How to Thrive in 2016

Demand Solutions

dollars, become even more expensive for economies with weakening currencies. I have the opportunity to travel the world with my job, and this has provided me with firsthand experience of the challenges facing many or our customers and prospects.

Improving Global Freight Process Management

Talking Logistics

There are many reasons for this including a multitude of additional service providers, currency and language conversions, import and export compliance restrictions, a lack of supply chain data, and the confusing nature of working with and managing disparate technology systems across various global locations. It is a challenge to access and understand the various languages, city naming conventions, and currencies used by various vendors.

This Week in Logistics News (October 26-30, 2015)

Talking Logistics

on Target.com, and can be shown in nearly 60 different currencies. Guests can then designate the country they would like to ship to and also choose their currency. Prices sitewide will be shown in the local currency, reflecting current conversion rates.

Will Supply Chain Planning Productivity be a Hot Topic in 2017?

ToolsGroup

So whether you call it “automated planning”, “lights out planning”, “low touch or no touch planning” or even “driverless supply chain planning”, reducing human intervention is gaining currency.

At the Starting Line: New Year’s Resolutions for Supply Chain and Logistics Executives

Talking Logistics

Natural disasters, product shortages due to quality issues, the impact of currency rates on product costs and demand, and disruptions caused by IT service failures or security breaches are just a few examples of the risks supply chain executives face every day. Happy New Year!

What are Block Chains? – Jason Busch on the Future of Money, Trust and Transparency

NC State SCRC

Barter system led to commodity currencies. Increasingly complex trade economies, societies and governments led to paper money (the gold standard), and eventually to Fiat currency. But eventually the gold standard behind paper money wouldn’t scale and so we moved to fiat currency. But given the level of global trade and uncertainty, fluctuation in currencies also makes this difficult to control and manage. And it is not a virtual currency.