Remove Currency Remove Manufacturing Procurement Remove Policies Remove Warehousing
article thumbnail

Manufacturing Day 2023

Enterra Insights

One of the clearest lessons learned during the pandemic was the importance of domestic manufacturing. As global supply chains snarled and essential products became hard to find, many domestic manufacturers pivoted to make up shortages. The importance of manufacturing has often been overlooked as the U.S.

article thumbnail

The Age of Agility: Building Resilience in the Supply Chain

The Logistics & Supply Chain Management Society

Border controls, China’s zero-covid policy and global shipping costs and energy prices is putting increasing pressure on supply chains throughout the Asia Pacific region. Manufacturing Network Diversification. Multi-Sourcing. The Age of Agility: Building Resilience in the Supply Chain. Inventory and Capacity Buffers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is Spend Management and Why Is It Important?

Precoro

Spend management allows for efficient sourcing and procurement, regulated expenses, timely registration of spontaneous purchases, and a reduction of fraud and errors. These purchases might be recurring or occasional, some might be planned, and others pop up in response to sudden changes. Operating vs. Non-operating.

article thumbnail

Freeports: The 2022 Guide

Unleashed

We answer all these questions and more – including how inventory management software will help you manage your supply chain for your freeport warehouse or factory. They especially encourage manufacturing and design enterprises that import, process and then re-export goods. Read more: What is a Bonded Warehouse?

article thumbnail

Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part One

Supply Chain Matters

Downside risks that include monetary policy miscalculations, an uncertain outcome to the ongoing Russia-Ukraine conflict and further supply network disruptions as a result of more far-reaching spread of Covid variant infection rates across China. Global manufacturing activity as depicted by the J. a 30-month low.

article thumbnail

Supply Chain Market Report – August 2022

Elementum

The direct impact of this phenomenon is weakened purchasing power of other currencies relative to the Dollar. Selling products in US markets for USD, and then converting back to local currencies, will be a win- win proposition for those who can do it. For one salient example, at the beginning of 2022, the Euro was worth $1.13.

article thumbnail

Considerations for Expanding Your Supply Chain to New Countries!

Supply Chain Game Changer

Outsourcing Sourcing! Consider investing in insurance policies that cover these types of global risks, and diversify your business to other suppliers and partners to avoid a total standstill in the case of an unforeseeable event. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. 5 Lessons from Around the Globe!