article thumbnail

3 Main Benefits of Sourcing Locally

EC Sourcing Group

As consumers become more conscious of unethical supply chain practices and the impact of their purchasing decisions on local economies, companies are increasingly looking to local sourcing to support their communities and foster brand loyalty. Also, companies may need to invest in new infrastructure and processes to support local procurement.

article thumbnail

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

As transportation lanes become unavailable, the availability of suppliers and components will decrease. There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources. Study 3: Identify Optimal Sourcing Locations .

Insiders

Sign Up for our Newsletter

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

article thumbnail

This Week in Logistics News (March 9 – 15)

Logistics Viewpoints

Hundreds of vessels have diverted to longer routes, resulting in delivery delays, higher transportation costs and economic wreckage for local communities. One source said that the strategy could be announced Tuesday. Mack is offering the trucks to customers testing the MD Electric as well as dealers facilitating electric vehicle demos.

article thumbnail

Responding to Supply Chain Disruption Amid COVID-19

AIMMS

As transportation lanes become unavailable, the availability of suppliers and components will decrease. There is a strategic incentive in understanding the optimal sourcing location for specific customers, and the optimal sourcing location for different resources. Study 3: Identify Optimal Sourcing Locations .

article thumbnail

The Importance of International Transportation Visibility in a Global Pandemic

3rdwave

Without inbound international transportation, product level visibility organizations are flying blind – or, they are at a minimum, severely visually impaired. I just got off a call from the Director of Supply Chain with a retailer who is experiencing major angst because many of their products are directly or indirectly sourced overseas.

article thumbnail

5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

This allows companies to see what is in demand, source alternative materials, and negotiate new contracts with suppliers at opportunistic price points. EventWatch AI —Resilinc’s supply chain disruption alert platform— monitors text-based electronic media worldwide 24/7, from over 104 million sources in 108 languages.

Modeling 110
article thumbnail

2019 Transportation Industry Trends

GTG Technology Group

6 Transportation Industry Trends to Look for in 2019. New opportunities in the transportation industry are thriving. Transportation professionals seeking to stay on top of trends in the industry look to implementing these trends. Disruption of Transportation Industry. Sources: [link].

Trends 36