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SEFE Securing Energy for Europe and marine infrastructure provider Hegh Evi have signed a Memorandum of Understanding (MoU) to jointly develop international supply chains for clean hydrogen to be delivered to Germany and other locations in Europe.
Meanwhile, Europe accelerates its hydrogen transition, digital product passports gain traction for compliance, and a high-stakes egg heist underscores the fragility of food supply chains. From the U.S. Lets dive into the biggest stories impacting businesses and consumers alike.
Supply Chain & Logistics News Round-Up (October 7th – 11th) This past week, I’ve been playing tourist in London, one of my favorite cities in Europe. The shortage has not impacted Charlottesville’s other major healthcare provider, Sentara Health as this organization sources its IV solutions from a different manufacturer.
Meanwhile, Europe accelerates its hydrogen transition, digital product passports gain traction for compliance, and a high-stakes egg heist underscores the fragility of food supply chains. From the U.S. Lets dive into the biggest stories impacting businesses and consumers alike.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
Europe prices (FBX11 Weekly) increased 17% to $2,757/FEU. Europe weekly prices increased 4% to $3.75/kg. Europe – N. And carriers are planning mid-month GRIs and PSSs for Asia-Europe and other lanes, largely due to capacity being shifted from these lanes and several others like LATAM trades to the transpacific.
Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.
auto parts are sourced from Mexico, making the tariff impact immediate and severe. Mitigation Strategies in Agriculture Farmers are exploring new export markets in South America and Europe to compensate for declining North American sales. Approximately 40% of U.S. Vehicle production costs in the U.S.
This kind of disruption causes major dislocation in the sources of demand and shifts the centers of gravity for demand, forcing organizations to rethink their supply chain design. Europe relies on Russia for around 35% of its natural gas. Increased input costs: Russia is the second largest crude oil supplier in the world.
Source: J.P. I also looked at changes in exports by the US, Europe, and China. Morgan Global Manufacturing PMI compiles data from S&P Global and other sources from countries across the globe and weighs the countries based on annual manufacturing value added. I see that as a positive. I don’t see that as a positive.
John is CEO of FreightPath, an innovative talent firm that offers both a comprehensive learning management system and a direct candidate sourcing solution. FreightPath addresses multiple industry challenges by offering both a comprehensive learning management system and a direct candidate sourcing solution.
It’s having an impact mainly in Europe and Asia. But now ships between Europe and Asia are instead going around the Cape of Good Hope on the southern tip of Africa, which can add anywhere from 10 days to a month of travel time compared to the Red Sea/Suez Canal route. shipping containers and stacking them up to six high.
The unique combination of intermittent demand, multiple supply sources, and variable product lifecycles makes spare parts exceptionally challenging to forecast accurately. Traditional supply chain planning tools fall short for several key reasons: Inability to handle intermittent demand patterns.
For LKQ Europe , as shown in Figure 1, testing on brake pad distribution showed that the bullwhip effect was 48% between channel demand and the customer order. Bullwhip Effect at LKQ Europe Summer 2022 Testing So, why do we not measure it? Go to the source. The reason? The distribution models were never tested when implemented.
This guide breaks down the key procurement technologies in use today and the trends reshaping the future, such as AI-driven sourcing, predictive risk management, and deeper integration across the supply chain. What Is Procurement Technology? Here are some of the most important tools teams are already using.
We’re talking about solving for the entirety of the procurement lifecycle from strategic sourcing through execution and analysis. The future belongs to connected platforms that can bring together disparate data sources and processes into a coherent whole.
The unique combination of intermittent demand, multiple supply sources, and variable product lifecycles makes spare parts exceptionally challenging to forecast accurately. Traditional supply chain planning tools fall short for several key reasons: Inability to handle intermittent demand patterns.
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. AI plays a significant role in harnessing the power of this.
18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen. The Suez Canal is the shortest route for container traffic from Asia to the Mediterranean and Europe, and is also used for some volumes from the Far East or Southern Asia to North America. Asia – N.
The result has been fast growth year over year with the latest challenge managing the growth and expanding services from China, Hong Kong and the United States to the United Kingdom, Europe, Canada and Australia. His specialty was consulting on domestic and global sourcing strategies and operations with TJM Group in Sydney, Australia.
All Mars’ products in Europe to be sourced with 100% sustainable cocoa. Mars Wrigley has declared that from 2023, 100 percent of the cocoa purchased for its direct factory operations in Europe will be verified as “responsibly sourced cocoa.” And now, on to this week’s logistics news.
Aker BP is listed on the Oslo Stock Exchange and is one of the largest independent listed oil companies in Europe. Global Media Contact Corporate Communications media@ivalua.com The post Aker BP Goes Live with Ivalua to Digitalize Source-to-Contract (S2C) and Supplier Management appeared first on Ivalua. Learn more at www.ivalua.com.
China's Production of Impacted Minerals Source: Bloomberg In recent years, China restricted the exports of several other critical minerals. Following the announcement, prices for gallium and germanium surged, with gallium prices increasing by nearly 20% in the United States and Europe. It is not clear whether U.S.
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.
For example, a redundant supply chain may have safety stocks, contingency contracts, multiple sourcing, and diversified networks to ensure the availability and continuity of supply. The port serves as a gateway for exporting coal to Europe, Asia, and South America, as well as importing coal from Canada and Colombia.
Map of Natural Gas Pipelines into Europe. This is particularly true in Europe, where Russia is the largest provider of natural gas to Europe, providing about 35% of its supply. and 200 in Europe have tier-1 suppliers in Ukraine. and 109,000 firms in Europe have Russian or Ukrainian suppliers at tier 3.
Ivalua CEO and Founder David Khuat-Duy and Ian Thompson , VP of Northern Europe kicked off the day with an introduction. They asked, what can organizations do to optimize their strategic sourcing processes? Sustainability and responsible sourcing were also central topics at the symposium. The answer is simple – automation.
This includes suppliers, logistics providers, sales, and fulfillment locations/channels supporting autonomous planning decisions that take data flowing from various internal and external sources into account. It provides a single source of truth with visibility and analytics based on the same data. and Europe.
Industry news sources like Journal of Commerce , Loadstar and FreightWaves also provide great coverage. Robinson , two other major freight forwarders are also great sources for updates across modes, with DB Schenker maintaining an updates page and C.H. COVID-19 Top Forwarder Supply Chain Resources. Bolloré Logistics. CargoCentric.
Earlier in 2022, we conducted a survey of 8,000 consumers across North America and Europe to get a better sense of their ecommerce experience and how they were reacting to retailer performance. Source: Descartes & SAPIO Research. Source: Descartes & SAPIO Research. Source: Descartes & SAPIO Research.
Melitta Sales Europe (MSE) embarked on an initiative to revamp existing planning and forecasting processes to increase efficiency and sustainability. The process brings together all the plans for the business (sales, marketing, development, manufacturing, sourcing, and financial) into one integrated set of plans.”
Hundreds of the most admired companies from Europe, the U.S., Sourcing decision center that empowers users to better conduct scenario analysis and make smarter supplier selection and allocation decisions. Many other innovations spanning the Source-to-Pay process.
Recently, I was presenting to a supply chain team in Europe. The advancements in analytics–open-source, cloud, internet-of-things (IOT), and cognitive computing–are very promising. Successful network design strategies are holistic crossing the boundaries of source, make and deliver. Many try to start with technology.
If interested in receiving a full table of contents, please contact Conrad Hanf ( chanf@arcweb.com ) if you are located in North America, Latin America, or Asia; or Ann-Kathrin Blech ( ABlech@ARCweb.com ) if in Europe. Numerous media sources have noted warehouse automation project cancellations. Growth Drivers. Growth Inhibitors.
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.
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.
This growth was primarily attributed to the long-term project business, and regionally to North America and western Europe. Fortna’s framework includes consulting, design, planning, sourcing, implementation, and lifecycle services. The company sources subsystem mechatronics from numerous manufacturers, depending upon client needs.
The German Supply Chain Act is currently setting the benchmark in Europe, but in the United States, the Uighur Forced Labor Prevention Act (UFLPA) is a significant force. This wave of new legislation is pushing companies to understand and evaluate their supply chain in much greater depth than ever before. What will be required of companies?
When you’re ingesting and synthesizing data from dozens or hundreds or millions of sources (as most sophisticated platforms do nowadays), you will see duplicated records, incomplete fields, formatting inconsistencies, different languages, different units of measurement. And better data science leads to better business outcomes for customers.
In late 2023, Descartes conducted a survey of 1,000 supply chain and logistics decision-makers across North America and Europe across three sectors: manufacturing, distribution and retail; carriers; and logistics services providers.
Procurement managers are now asked to address ESG issues in their sourcing and foreign manufacturing operations. Further, non-EU firms are subject to these regulations if they want to do business in Europe. Meanwhile, trade compliance managers are tasked with ensuring that the procurement department is following the rules.
That stated, in certain regions such as across Europe and China , the year continues to present economic and manufacturing challenges. sourcing from China, with a correspondingly rise in import share from low-wage locations, chiefly Vietnam, and regional trade areas, particularly Mexico.” In the specific case of Germany , it is both.
28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Automotive News Europe ). In response to the Ukraine invasion, Europe’s wholesale gas price surged by 69%. Image source: Financial Times.
In these times of global turmoil, there are five (5) important megatrends shaping supply chain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supply chain management. From global to local and regional sourcing. Marco Tieman – CEO, LBB International.
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