Remove Forecasting Remove Procurement Remove Sourcing Remove United Kingdom
article thumbnail

2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

However, the lessons garnered during the pandemic will likely drive inventory management toward less of a dependency on global-wide sourcing and more toward product postponement sourcing and customer fulfillment strategies. World economic growth was forecasted to slow from 3.5 and the United Kingdom.

article thumbnail

Cost optimization is the key to sustainable EBITDA improvement

Proxima

This is where procurement consultancies can help with cost-optimization in supply chains. We’ve seen millions of workers in the United States and United Kingdom laid off, and many economists forecast increasing unemployment in the coming months.

Insiders

Sign Up for our Newsletter

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

article thumbnail

October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

United Kingdom In the dependent region of the United Kingdom, the S&P Global/CIPS UK Manufacturing PMI® posted a value of 44.8, percent in 2022 to a forecasted 3 percent this year, an anticipated 2.9 percentage point increase from the 44.3 value reported for September. percent in 2024.

article thumbnail

Getting to Work: Where AI Can Make a Difference

HICX Solutions

In this article, experts identify which steps in the procurement process are most likely to benefit from the AI revolution. One of the main uses for artificial intelligence in procurement is to meld internal and external data to provide enhanced supplier risk management. Smarter sourcing. Data-driven decisions.

article thumbnail

Supply Chain Matters News Capsule Follow-Up- August 17 2022

Supply Chain Matters

Foxconn and Asia Market Forecasters Provide Muted Outlook on High Tech Product Demand. Foxconn and Asia Market Forecasters Provide Muted Outlook on High Tech Product Demand. Despite the market warning from its Chairman , Foxconn slightly rose its full year revenue forecast for the remainder of this year.

article thumbnail

This Week in Supply Chain Tech- February 14 2024

Supply Chain Matters

In September of 2023, this column highlighted Logility’s acquisition of ChatGPT technology provider Garvis , a visionary startup that combines large language models (LLM’s) with AI-native demand forecasting.

article thumbnail

Top 20 Verified Supply Chain Experts You Can Hire

SCMDOJO

Expertise: Sourcing, Supply Chain Analysis, Logistics & Transportation, Logistics Management Consulting, Freight (Maritime, Land, or Air), Logistics Technology Solutions. Asif Iqbal (Ex Google) Location: United States (US)/Remote Rating: 5/5.0 They come from a variety of backgrounds. Connect Now!