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Its a rollercoaster for logistics and supply chain leaders operating in global markets. Add emerging compliance requirementssuch as sustainability, transparency, and Environmental, Social, and Governance (ESG) regulationsto the mix and youve got an unprecedented, complex global trade environment. And as tensions between the U.S.
This isnt a hypothetical scenario; its the daily grind for many businesses in 2025, where global trade rules shift faster than you can update your spreadsheets. Companies leaning heavily on globalsourcing? manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy.
Amul’s Supply Chain The Indian dairy industry is among the fastest growing sectors globally, providing livelihoods for millions of farmers and contributing over 5 percent to the economy. Conclusion Amul’s transformation from a farmer-led cooperative to a global brand is truly inspiring.
Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here.
For global manufacturers, managing direct and indirect material spend can get very complicated very quickly. In response to these challenges, a leading heavy equipment manufacturer selected GEP to redesign its source-to-contract processes and implement a convergent data model to help manage procurement data across its multiple locations.
tariffs on imports from Canada, Mexico, and China is impacting global trade networks, affecting industries ranging from automotive and electronics to agriculture and energy. auto parts are sourced from Mexico, making the tariff impact immediate and severe. Conclusion: A New Reality for Global Trade? Approximately 40% of U.S.
As industries evolve and global markets expand, ethical considerations have become central to supply chain compliance. Balancing Cost-Efficiency with Ethical Sourcing and Compliance Cost-efficiency remains a primary driver for supply chain strategies, but it must be balanced with ethical sourcing practices.
Fictiv , a global supply chain technology company, announced that it has entered into an agreement to be acquired by MISUMIGroup Inc., a leading global supplier of mechanical components for the manufacturing industry headquartered in Japan. Once closed, Fictiv will join MISUMI.
While past efforts focused on meeting compliance requirements, organizations are now working to proactively embed environmental, social, and governance (ESG) principles into their sourcing, production, and distribution activities. Building supplier capabilities while maintaining sourcing flexibility requires additional investment.
Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.
The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities. Mark joined InterSystems in 2021 to broaden InterSystems global market in supply chain.
The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Design product flexibility to include materials sourced for US and non-US markets or quickly adapt to different sources of materials.
Michelle Dunstan, the Chief Responsibility Officer of Janus Henderson, expressed the need for global harmonization in regulations and the real tangible consequences of not following these laws. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility. The result was a year-over-year savings of more than 3%.
In today’s interconnected global economy, sustainability within supply chains and logistics has become a necessity rather than an option. Regulatory demands, rising consumer expectations, and global challenges such as climate change and social inequality have made sustainable practices a strategic priority.
A data gateway is essentially a connective tissue across your supply chain, providing unified access to supply chain data from various sources, including enterprise systems, data feeds, data warehouses, data lakes, data marts, and business entities. Mark joined InterSystems in 2021 to broaden InterSystems global market in supply chain.
Global Trade Compliance ( GTC ) solutions automate and streamline processes related to customs and regulatory compliance. Key drivers for this market are the sheer complexity associated with complying with global trade regulations and a desire to source and export in a manner that lowers tariffs.
April 23, 2025 Blog Today, we’re excited to announce the launch of Freightos Enterprise our comprehensive solution designed specifically for large enterprises that import and export, who need to bring control, visibility, and efficiency to their global logistics operations. Ready to Transform Your Freight Operations?
As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains.
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.
Companies find it difficult to fully trust the data from suppliers, complicating efforts to ensure product authenticity, safety, and ethical sourcing. FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainable procurement are driving companies to adopt blockchain for improved compliance and accountability.
As businesses face tighter regulations on product safety, sustainability, and ethical sourcing, Digital Product Passports (DPPs) are becoming crucial for navigating these challenges. For companies operating globally, quick access to accurate product information can help avoid penalties and maintain trust.
In order to effectively manage risks in the current unstable global marketplaces, many suppliers have a thorough understanding of their own suppliers as well as supply chain bottlenecks that extend past the top tier of suppliers. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.
Speaker: Ayesha Choudhury - Senior Vice President, Head of Capital Markets at Infinium
With the first wave of the energy transition, renewable energy sources (such as solar and wind) have begun replacing coal power generation. However, some sectors are lagging behind and struggling to decarbonize more than others, including large-scale transportation like commercial aviation, shipping, and rail transit.
SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. Spend Management Takeaways SAP continues to invest in using generative AI to improve the user experience.
Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. But todays global environment is more unstable than it was a decade ago. More recently, fluctuating trade policies have emerged as a persistent challenge, especially for firms with global footprints.
Source: mainebiz.biz In today’s rapidly evolving logistics and supply chain sector, warehouses are increasingly turning to innovative technologies to gain a competitive edge. Furthermore, solar energy is a clean and renewable source of power, which helps reduce greenhouse gas emissions and combat climate change.
Unprecedented levels of uncertainty and disruptions, market volatility, and rapidly evolving customer demands has exacerbated the challenge of data overload for global supply chains. Companies must harness a wide variety of data structures and formats, spanning internal and external sources.
In response to the growing complexity of the modern global supply chain, logistics service providers are embracing digital supply chain solutions powered by new IoT tracking technologies and data analytics. How are new data sources and IoT tools enabling new levels of visibility into the global supply chain?
Supply Chain & Logistics News January 2nd-6th 2025 The global supply chain never sleeps, and this weeks headlines reveal the fast-moving shifts shaping logistics, trade, and technology. From the U.S. These passports provide a digital way to document a products entire lifecycle, ensuring compliance and transparency.
Supply Chain & Logistics News February 2nd-6th 2025 The global supply chain never sleeps, and this weeks headlines reveal the fast-moving shifts shaping logistics, trade, and technology. From the U.S. These passports provide a digital way to document a products entire lifecycle, ensuring compliance and transparency.
According to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supply chain executives are losing the strategic gains they made with their C-suite counterparts. This is a clear shift from pandemic-era strategies when agility and resilience were priorities. Only 76% of the C-suite see it the same way.
In today’s interconnected world, ethical sourcing has transitioned from a “nice-to-have” to a critical imperative for businesses across all sectors. The global market for sustainable products is projected to reach $150 billion by 2025 , indicating a robust demand for ethically sourced goods across various sectors.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
Now, as a variety of disruptive events cause supply chain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.
Global supply chains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China Companies that previously prioritized cost-cutting and centralized sourcing quickly found themselves exposed to serious production and distribution risks. China trade disputes, and natural disasters.
This includes sourcing of ammonia, transportation by ship, and delivery to floating import terminals where the ammonia is cracked into hydrogen for delivery to SEFE customers through the German hydrogen core grid.
The shortage has not impacted Charlottesville’s other major healthcare provider, Sentara Health as this organization sources its IV solutions from a different manufacturer. However, the price drop has hindered global investment in lithium projects. US Official Says China is Oversupplying Lithium to Eliminate Rivals A senior U.S.
Suketu is a partner and global chair for the Strategic Operations Practice at Kearney, a leading management consulting firm. About Suketu Ghandi Suketu Gandhi is a partner and global chair for the Strategic Operations Practice at Kearney, a leading management consulting firm.
Jack Fiedler, the vice president for digital transformation of the global supply chain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supply chains. The company, which achieved $ 57 billion in revenues in its last fiscal year, is the leading global supplier of PCs.
Mark is the President and CEO of the Council of Supply Chain Management Professionals (CSCMP), a global organization dedicated to advancing the supply chain profession. John is CEO of FreightPath, an innovative talent firm that offers both a comprehensive learning management system and a direct candidate sourcing solution.
Coupa Inspire 2025 opened with a bold message from the main stage in Las Vegas: the future of global trade isnt just digitalits autonomous. But now, it’s being activated through AI agents designed to automate sourcing, manage risk in real time, and reduce the friction thats long plagued procurement and finance functions.
What’s become increasingly clear is that there are no more black swans in global logistics. When a single tweet can change tariffs on global trading partners, or when conflict in the Middle East impacts shipping lanes, logistics teams need comprehensive visibility and control, not in weeks or days, but in hours.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design. He further established the case for why supply chain teams need to context integrated sourcing as well as procurement.
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