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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

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, transportation procurement may still seem very tedious and challenging. Be demand driven.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. Source: Consultancy.UK. Image source: Fortune.

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Top Solutions for Supply Chain Agility

Logistics Viewpoints

Many-to-many can also refer to many participants in a network accessing many, many sources of event data critical to supply chain operations through a public cloud network. The supply ecosystem connects over 630,000 manufacturers and suppliers. COVID of course taught companies the need for agility. Infor Nexus.

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Federal Reserve GSPI Index Drops Significantly in April

Supply Chain Matters

The Supply Chain Matters blog highlights a further negative drop in the New York Federal Reserve’s Global Supply Chain Pressures Index ( GSPI ). Noted in the Feds April 2023 narrative were significant downward contributions from Euro Area delivery times, Euro Area stocks of purchases, and Korean delivery times.

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How Building Materials Manufacturers Can Address Rising Material Costs

USC Consulting Group

Raw material costs continue to increase as a result of recent economic developments – most notably, the Trump administration’s new tariffs on aluminum, steel and Canadian lumber. Lumber companies looking to tap suppliers in the Canadian market must grapple with historically high prices , according to The New York Times.

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Boeing’s Production Quality Crisis Significantly Escalates

Supply Chain Matters

We do so in the lens of supply chain management and manufacturing. According to a published report by The New York Times , the FAA’s audit: “ explored how well Boeing’s employees understood the company’s quality control processes.” All rights reserved.

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Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades. Introduction. Products are the lifeline of your business.