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OECD Trims Economic Forecasts as a Result of Ukraine Conflict

Supply Chain Matters

In this Supply Chain Matters commentary, we highlight the latest OECD global economic forecast in the ongoing light of the Ukraine conflict and provide some additional industry supply chain implications. . It this agency’s prior December 2021 forecast, OECD had forecasted that global GDP growth would moderate to 4.5

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Reduce Excess Inventory While Protecting Margins with a Pricing and Promotion Analysis  Solution

Logility

One example: egg prices are up 56% , according to the Department of Agriculture, driven up by drought, a bird flu epidemic and the war in Ukraine. With much of the inventory suddenly arriving, retailers are realizing that the macro economy and Americans’ buying habits have changed while the goods were adrift. . Big Box Blues.

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Inventory and Inflation

Enterra Insights

The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. Excess inventory was also caused by the Bullwhip Effect. ” Optimizing inventory. trillion because of mismanaged inventory.”[7]

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2023 Supply Chain Priorities, Perceptions, and Initiatives – Preliminary Results

Logistics Viewpoints

In addition, the Board asked executives what steps they were taking in response to the war in Ukraine. According to our preliminary results, the most widespread tactics to be utilized in 2023 include planning and forecasting process improvements and sourcing of materials from more proximate/local suppliers.

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Save The Supply Chain Leader From Groupthink

Supply Chain Shaman

The Russian invasion of Ukraine stretches into a much longer war resulting in serious disruptions to the food, automotive, and semi-conductor supply chains. Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. We are raping the planet to make inventory to sell at a deep discount.

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2023 Mid-Year Check-In: Current Status of Supply Chains and What’s Next?

Logistics Viewpoints

And recent disruptions, including the war in Ukraine, placed supply chain resilience as a priority on the top of the agenda for CEOs. In fact, pressures are very similar with warehouse labor cost inflation, labor shortages, and inventory shortages at the top of the “concerns” list.

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One Type of Inflation is Caused by Supply Chain Issues (And That is a Good Thing)

Logistics Viewpoints

It is difficult to forecast dropping demand. So, if a recession appears likely, companies need to error on the side of a conservative forecast, be prepared to lay off workers sooner rather than later, and start drawing down their safety stock inventory. Many companies work to conserve cash by paying their vendors more slowly.