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Ritzmann emphasized the need to align data collection with specific business goals, such as procurement optimization, sustainability reporting, or supplier performance management. university, presented at an FNL freight forwarder event, which found that 80% of the data collected in procurement events goes unused.
Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.
According to the New York Times, Iran sent a barrage of missiles into Israel on June 20 that struck in several places, including Haifa, where two people were severely injured. Earlier, Israel announced it had conducted overnight strikes on missile factories and a research center linked to Iran’s nuclear program.
Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit.
The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017). Furthermore, e-procurement enables price negotiation and supplier evaluation.
The 2016 Memorandum of Understanding (MOU) solidified this commitment, pledging $38 billion in military aid from 2018 to 2028—$33 billion for weapons procurement and $5 billion for missile defense. It also secures a reliable ally to counterbalance Iran and its proxies. Beyond hardware, the U.S. defense technology. For the U.S.,
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Iran, North Korea and cybercriminal syndicates are adopting similar tactics, using logistics as an entry point to destabilize commerce and confidence. While China gets most of the headlines, it’s not alone. These actors understand that commercial flows are more fragile and target-rich than traditional military hardware.
Webinars Five Ways AI-Enabled Digital Twins Will Shape the Future of Supply Chains Technology Ships’ Electronics Increasingly Jammed Since Israel Struck Iran Global Gateways Watch: The Crisis in Access to Critical Raw Materials Supply Chain Visibility Digital Edition SupplyChainBrain 2025 ESG Guide: Is ESG Still Relevant?
The uncertainty surrounding Brexit aside, other recent events, like growing tensions with China and Iran , are daily reminders that today’s global business ecosystems are precarious. These days, procurement organisations cannot afford to ignore leave risk management off their list of top priorities. There are many reasons for this.
Four fundamental practices: Based on (Ali Esfahbodi, 2016) research, Chinese and Iranian governments have focused their fight for SSCM based on four fundamental practices: sustainable procurement, sustainable production along with sustainable distribution , and reverse logistics.
Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) are designed to boost economic growth through trade by opening markets by way of progressive removal of customs duties, eliminating or reducing trade barriers and tariffs, lifting restrictions on services and even through public procurement. Iran, Islamic Republic of.
Australian wildfire, Brexit, Iran/USA troubles… Who knows what will happen in the tactical horizon – 80 days from now. Tactically, we can consider many things – Alternative demand scenarios, Supply issues, and procurement opportunities, expanding lead times for fresh product imports. If we don’t plan “what if?”
manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. Hostilities continue relative to the State of Israel with various terrorist groups such as Hamas and Hezbollah, and this week, hostilities involving Iran. United States The two followed indices of U.S.
Judah Levine January 3, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01) increased 63% to $2,713/FEU. Asia-US East Coast prices (FBX03) climbed 55% to $3,900/FEU.
RELATED CONTENT RELATED VIDEOS Logistics Logistics Outsourcing Regulation & Compliance Sourcing/Procurement/SRM Supply Chain Security & Risk Mgmt Related Articles Podcast | The Changing Labor Landscape: How Are Workers and Employees Responding? Show notes: A blog post from SPS Commerce: “Staying Agile in the Face of Tariffs.”
action, particularly using such advanced weapon systems, likely foreshadows worsening conflict in the Middle East between Israel and Iran. The UAE, positioned on the eastern end of the Arabian Peninsula along the Strait of Hormuz — directly opposite Iran — hosts Jebel Ali , the world’s twelfth busiest port. It implies U.S.
The approach calls for a deeper look at procurement chains, critical mineral qualification and the calculation of mineral content. The Inflation Reduction Act does not directly define FEOCs, but it does allude to China, Russia, North Korea and Iran falling within that category.
trimming procurement load and freight cost. MSI’s Texas plant focuses on digital and screen-printed overlays for OEMs in the medical, computer and military sectors. Its “Why MSI” program groups overlay, die-cut gasket and warning label work under P.O.
Judah Levine February 7, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 7% to $4,367/FEU. Asia-US East Coast prices (FBX03 Weekly) increased 4% to $6,373/FEU.
Other geopolitical risks, such as tensions between Russia and Ukraine, along with unpredictable regimes in Iran and North Korea, have the potential to disrupt global supply chains as well. Brexit fallout, characterized by additional red tape, dislocated labor markets, and anemic trade growth, continues to affect supply chains 4.
Procure : Streamlined procurement and cost savings with digital rate management and automated workflows. Some frontloading out of South East Asia ahead of the July US tariff deadline may explain SEA-US air cargo rates climbing 11% to $5.17/kg kg since early May.
Iran and Spain were highly infected. Total cost of ownership (TCO) is a Procurement sourcing methodology which entails taking into account all aspects of doing business with a supplier, not just unit costs. Shortly thereafter the tsunami of infections overtook Europe. Italy locked down the country. And the U.S.
Home Transpac rates falling sharply; Israel-Iran ceasefire could avert freight disruptions – June 24, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. America rates climbing to $3.00/kg kg last week from their baseline of about $2.50/kg
Strikes on Iran Shipping on High Alert in Mideast After U.S. Strikes on Iran June 22, 2025 Bloomberg The shipping industry was placed on high alert on Sunday with warnings that Tehran could retaliate against commercial vessels following after U.S. airstrikes against Iran’s nuclear facilities.
Home Iran-Israel not impacting freight yet; too much capacity may mean transpac rates have peaked – June 17, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Europe weekly prices increased 2% to $3.81/kg. Europe – N.
Home Iran-Israel not impacting freight yet; too much capacity may mean transpac rates have peaked – June 17, 2025 Update The Freightos Weekly Update keeps you informed on international freight with key economic data, demand trends, and rate insights. Europe weekly prices increased 2% to $3.81/kg. Europe – N.
Europe’s re-armament drive — known as the Re-Arm Europe programme — is a fast-moving shift from peacetime procurement to wartime production. Think your sector is immune? Think again. Backed by over €800BN in spending and new EU initiatives such as EDIP and ASAP, it’s redrawing the map of defence supply.
bombing of three of Iran’s nuclear sites: Fordow , Natanz and Isfahan coupled with the Israeli air force’s ongoing air bombing of select military targets across Iran. As we pen this posting, Iran has reportedly launched missile attacks on U.S. As we pen this posting, Iran has reportedly launched missile attacks on U.S.
This Exiger Executive Forum in London brings together elite voices from strategy, policy, technology and procurement to equip leaders with the frameworks and foresight needed to navigate the multipolar era. Request a demo Resources In the News NewsNation – June 24, 2025 Iran Tensions & Oil Prices – What It Means for U.S.
This Exiger Executive Forum in London brings together elite voices from strategy, policy, technology and procurement to equip leaders with the frameworks and foresight needed to navigate the multipolar era. Request a demo Resources In the News NewsNation – June 24, 2025 Iran Tensions & Oil Prices – What It Means for U.S.
Procure : Streamlined procurement and cost savings with digital rate management and automated workflows. China – Europe prices are down 12% in the last month to $3.35/kg, kg, and may reflect reports of capacity increases on the lane as freighters have been shifted from the transpacific to other lanes like this one.
And you can’t forget about the other Unpredictables: Iran, Russia, China, and ISIS; all of these entities could have a destabilizing effect on world peace and prosperity. In short, relations between the United States and North Korea have significantly degraded this past year and it doesn’t look like things are going to improve anytime soon.
But back then we had plenty to do working on accounting systems, procurement, warehouse inventory control, retail store replenishment and labor planning - after all this was the dawn of the retail supply chain. Assess and mitigate exposure to new global transportation bottlenecks 2. Prepare CFOs for continued supply chain cost volatility 3.
Navy Issues Rare Warning to Ships Near Vital Hormuz Strait Two oil tankers are seen at a distance in the waters of Strait of Hormuz in Hormuz Island, Iran. and Iran are continuing talks about Tehran’s nuclear program, the future of which remains uncertain. Navy Issues Rare Warning to Ships Near Vital Hormuz Strait U.K. and U.K.
Starting on June 30, the government will also begin to limit federal procurement of steel and aluminum to domestic suppliers. "As According to a June 19 release, Canada will adjust its counter-tariffs on U.S. As Canada negotiates a new economic and security partnership with the U.S.,
Gulf shipping costs drop as Israel-Iran ceasefire holds Shipping costs for the Gulf have fallen in the past two days after a ceasefire was reached between Israel and Iran, although rates could rebound if tensions increase, shipping and insurance industry sources said on Thursday.
SupplyChainBrain Gartner: Iran-Israel Conflict a 'Stress Test' for Middle East Supply Chains More from this author Subscribe to our Daily Newsletter! Timely, incisive articles delivered directly to your inbox.
EU prepared to accept flat 10% US tariff with conditions, Handelsblatt reports Brussels negotiators hope that offering to accept U.S. led Combined Maritime Force said, although some shipowners were looking to avoid the region. Trump says he may soon hike auto tariffs to get more US production U.S. investments.
But back then we had plenty to do working on accounting systems, procurement, warehouse inventory control, retail store replenishment and labor planning - after all this was the dawn of the retail supply chain. Where is the metric for determining the sources and uses of cash from three perspectives - operational, investment and financial?
And chances are that few in the procurement field have ever given much thought to whether they were sourcing “high-carbon” steel or aluminum. Most supply chain professionals probably consider “cheap steel and aluminum” a good thing: lower raw material costs generally mean lower prices on intermediate materials, parts, and finished goods.
Russia, Iran, North Korea, and ISIS : Call them “The Unpredictables” (you can probably add China to the mix too). planes and ships ); Iran and North Korea and their nuclear ambitions; ISIS exporting its brand of terrorism around the world; and China building islands in the South China Sea (and reportedly putting weapons on them ).
Increased Use of Scenario Planning Techniques A further evidence of such challenges was manifested in a Kinaxis blog published las week titled: How the Iran conflict triggered a 1,400% supply chain scenario planning surge. This posting indicated that in the days leading up to the U.S.
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