This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The supply chain planning market, which had been growing at double-digit rates during and after COVID-19, has slowed considerably, particularly in Europe. A recent supply chain planning market analysis released by the ARC Advisory Group suggests EY has picked up on a trend. For SAP, good planning relies on robust collaboration.
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. Let me show you why. Understanding the Basics: What is Nearshoring?
John Cockerill was looking for a unified end-to-end spend management platform to be deployed across 4 business units in 22 countries, helping to reduce administrative tasks for the buyers, improve the fluidity of the procurement process and optimize collaboration between internal stakeholder and suppliers in a highly secure environment.
The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes. Zara’s Supply Chain Approach. Spare Capacity.
Over the years, individual locations—the company has several manufacturing locations in Europe and North America—have behaved increasingly autonomously. Meanwhile, customers’ procurement operations were seeing a new generation of talent come of age who were pushing for better value-added services and shipment visibility.
Europe relies on Russia for around 35% of its natural gas. Increased shipping lead time: More than 6,000 miles of railroad runs through Russia and connects Eastern China with Western Europe. Even air transportation from the east is taking longer time as several carriers are avoiding Russian airspace and the conflict-torn region.
As companies expand globally through mergers or organic growth, many are faced with the decision of whether or not to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. To obtain the most effective results, best practice requires adaptations to truckload procurement strategies.
Raj Subbiah is Head of Product for Uber Freight , Uber’s logistics business that seamlessly connects shippers and carriers across the US, Canada, and Europe. Raj Subbiah is Head of Product for Uber Freight, Uber’s logistics business that seamlessly connects shippers and carriers across the US, Canada, and Europe. About Raj Subbiah.
Procurement Transformation Summit. Multimodal Europe. Intralogistics Europe. Fleming Europe. ECR Europe Conference. ECR Europe. CSCMP Europe. Hi-Tech & Electronics Supply Chain Summit – Europe. Europe Trade & Finance Week. SCL Europe. SCC Europe Regional Conference.
In Europe, more than 500,000 road carriers are in the market, 99% of them with less than 50 employees. Also, more than half of the carriers use transport route optimization and track their drivers’ performance. Most of the shippers procure their transport through long-term contracts with selected carriers.
Nine years ago, my company FourKites pioneered the market for real-time transportation visibility. We’re currently on the cusp of a big incremental change in the industry’s transformation journey, as the value of real-time supply chain data is increasingly being felt far beyond transportation logistics.
With a 37-year career, primarily focused on supply chain, he brings vast expertise in areas such as sales, customer service, logistics, distribution, global trade, procurement, sustainability, supplier diversity, and supply chain strategy leadership.
Raw materials are in short supply, many manufacturers have temporarily mothballed production lines, transportation costs are rising, and labor is getting tight on our roadways , railways and ocean vessels. The impact? We will certainly be feeling the repercussions throughout a bumpy holiday shopping season — and beyond.
The World Procurement Awards celebrate excellence in procurement and represent the pinnacle of professional achievement. The awards spotlight the best practices and transformative strategies shaping the future of procurement.
A simple example is that of a cold chain using blockchain within the supply chain to hold a transport node accountable for mishandling: Tracking provenance, traceability, and historical procurement for materials, assets, and products as they move downstream to retailer with blockchain finality.
By Linsa Godwin Sathiamoses | Consultant, Transportation, Chainalytics | Procuringtransportation services is an important activity on the supply chain calendar. It is also one area where every procurement manager thinks he or she is doing a good job, until proven otherwise.
We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Recently, I was presenting to a supply chain team in Europe.
As Stephan Sieber pointed out in his interview, in Europe, 50 percent of carriers spend 3 or more hours of waiting per week and 20 percent spend 5 or more hours waiting. Time slot management needs to be part of the larger supply chain network, which includes transportation execution, procurement, and real-time data for enhanced visibility.
In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportationprocurement may still seem very tedious and challenging. Be demand driven.
As companies expand globally through mergers or organic growth, many are faced with the decision of whether or not to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. To obtain the most effective results, best practice requires adaptations to truckload procurement strategies.
This includes senior management, government linked and academic positions in a variety of international companies and institutions based in Asia, the US, Europe and Australia. He also holds a degree in Logistics from the Royal Melbourne Institute of Technology and a Master of International Business from the University of Wollongong.
How do we create systems that allow everyone in the ecosystem, from suppliers to transportation partners to retailers, to be not only more agile and responsive in the face of rapidly changing market conditions, but to be able to predict issues in advance and prevent them? So, what is it going to take to enable better inventory management?
This involves a lot of long-haul transportation.” The 2010 Eyjafjallajökull volcano eruptions in Iceland, for example, caused enormous disruption to air shipments across Western Europe. There was no air freight possible then into Europe,” added Gerald van den Eijnden. First and last mile shipments are usually by truck.
As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries. Having such options allow them to get to the market faster, turning adversities into advantages.
More than 30 Q-Commerce companies are currently operating in Europe, and half of them were founded very recently, in 2020. Like most logistics challenges, last-mile delivery is a transportation problem in its essence and requires robust algorithm-based optimization. How to minimize transportation costs? Route Optimization.
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.
This includes senior management, government linked and academic positions in a variety of international companies and institutions based in Asia, the US, Europe and Australia. He also holds a degree in Logistics from the Royal Melbourne Institute of Technology and a Master of International Business from the University of Wollongong.
In addition to incorporating the impact of special events and promotions at the SKU/Location level, it is possible to do probabilistic planning with different service targets, supplier performance risks, and transportation alternatives that evolve with the changing business dynamics. and Europe.
Build the next generation of supply chain solutions, today The year ahead represents nothing less than a golden opportunity to accelerate the creation of automated, interconnected and collaborative global supply chains that span transportation, warehouses, stores, trucks and more.
Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Work with your broker to see if you can get priority on unloading the ship and inland transport. Hold your imports as long as possible before committing to final delivery.
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. In fact, the European Fine Chemicals Group (EFCG) estimates that upward of 80% of chemicals used to make drugs sold in Europe now originate from China and India. .
This pledge commits suppliers to achieving carbon neutrality for Scope 1 and Scope 2 emissions related to products or services provided to GM, and to attaining an EcoVadis score of at least 50 by 2025 in the areas of Labor and Human Rights, Ethics, and Sustainable Procurement. West Coast and North Europe.
As companies expand globally through mergers or organic growth, many are faced with the decision whether to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. To obtain the most effective results, best practice requires adaptations to truckload procurement strategies. In the U.S.,
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!
Supply Wisdom Secures $14 Million Series B Funding Continuous and multi-domain procurement supply risk intelligence technology provider Supply Wisdom has secured $14 million in a Series B funding round. Risk is assessed for both indirect or direct materials procurement teams and their supply networks.
Raj Subbiah is Head of Product for Uber Freight , Uber’s logistics business that seamlessly connects shippers and carriers across the US, Canada, and Europe. Raj Subbiah is Head of Product for Uber Freight, Uber’s logistics business that seamlessly connects shippers and carriers across the US, Canada, and Europe. About Raj Subbiah.
Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. and Europe. Here are some highlights from these trends in 2023 and implications on supply chain planning.
14th annual Cool Chain & Controlled Room Temperature Logistics Europe. Multimodal Europe. EuTra-European Transportation Forum. Transport & Logistics Forum. 9th Edition Global Procurement and Supply Chain Management for the Oil and Gas Industry. Transport Logistic. Fleming Europe. Vector Event.
IL’s educational mission is to guide businesses to efficiently manage logistics, reduce and speed inventory, and neutralize transportation cost increases by aligning supply to demand and adjusting enterprise functions to support that paradigm shift. Inbound Logistics is the pioneering magazine empowering demand-driven enterprises.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. and Europe. Being listed on a last-mile-delivery service platform and reaching a much broader customer base beyond the neighbors became a must-have for survival.
Global supply chains are built on three assumptions: rational government policy, availability of transportation resources, and low variability. 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.
Although this does not help to avoid tariffs for the components of your product, companies may benefit from decreasing transportation costs as they move final transportation closer to their customers. Firms could choose to insource certain manufacturing processes, such as product assembly. The “first-sale” rule.
This announcement expands HCL’s existing relationship with JDA thereby extending HCL’s offerings in professional services for industries such as retail, manufacturing, CPG and life sciences for the Americas and the Europe. ” Link to full post on IIFL site. .” ” Link to full post on IIFL site.
Increased Shipping Costs, Delays, and Transportation Issues. Automotive News Europe ). In response to the Ukraine invasion, Europe’s wholesale gas price surged by 69%. Natural gas prices in Europe and curbs on exports from Russia and China are expected to keep fertilizer in high demand through 2023, which will lower crop yields.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content