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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Tariffs on steel from Chinaup 25%and retaliatory moves from Canada and Mexico may turn supplier relationships upside down. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy.

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AI Leader in Global Supply Chain & Manufacturing joins MISUMI

Logistics Viewpoints

a leading global supplier of mechanical components for the manufacturing industry headquartered in Japan. The manufacturing and supply chain industries are rapidly evolving and increasingly volatile, fueled by shifts in global tariff and trade policy, geopolitical uncertainty, logistics disruptions, and technology developments.

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Supply chains are entering the era of legal volatility

Kinaxis

Automotive: Can JIT manufacturing survive legal disruptions to tariff policy? Tariff uncertainty may prompt manufacturers to increase safety stock levels or pre-purchase materials, squeezing working capital. Companies relocating to Mexico may face rapid reversal in cost advantage if emergency tariffs are struck down.

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When Designing the Right Manufacturing Plant, Small Can Be Beautiful

Supply Chain Brain

manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. It might mean setting up plants in Mexico or elsewhere in Latin America, aa means of cutting transit time and responding more quickly to changing patterns of demand. Enter the concept of the “microfactory.”

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Report From DPW: What’s Next for AI in Supply Chain?

Supply Chain Brain

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.

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This Week in Logistics News (April 2 – 8)

Logistics Viewpoints

And new data suggests Mexican suppliers are gaining ground as manufacturers reset their supply chains amid growing global disruptions. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.

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The Strategic Importance of Global Procurement

Logistics Bureau

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.