Logistics Viewpoints
APRIL 7, 2022
As an example, a major retailer whose market presence is in the Americas realized that several of their shipments that originate in China pass through Russia to make their way to the west and are now subject to shipment backlogs. Increased input costs: Russia is the second largest crude oil supplier in the world.
Logistics Viewpoints
JANUARY 17, 2023
Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products. If nothing else, the last few years highlighted the importance of sourcing strategically. How will the picture change in 2023 ? Upcoming Recession?
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Unleashed
DECEMBER 15, 2019
It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. International Sourcing.
Enterra Insights
AUGUST 24, 2023
The Mint staff adds, “Supply chain risk is a modern day reality and can emanate from a variety of sources, ranging from natural disasters to government policies and a host of other unforeseen events.”[2] Inevitably, these will interrupt production, increase sourcing costs, and cut into corporate revenue.”[4]
Resilinc
SEPTEMBER 6, 2022
Geopolitical event alerts issued by EventWatch AI grew by 521% in the first six months of 2022—mostly due to the Russia-Ukraine war. Russia’s cyberattacks on Ukraine intensified before the invasion, and while less effective than initially feared, these attacks undermined health care, food, and relief supplies distribution.
SYSPRO Smarter ERP
APRIL 13, 2022
Even companies without a direct supplier connection in Russia or Ukraine will experience debilitating disruption across industries from energy to agriculture. On top of that, uncertainty over the conflict will lead to higher oil and natural gas prices worldwide, even if additional supply outside of Russia comes online.
Logility
OCTOBER 18, 2022
Between them, Ukraine and Russia account for approximately one-third of global wheat production. It’s time to make over your supply chain to meet and overcome obstacles head on as well as create new flexibility that will help you cope with future supply chain disruptions. The Power to Predict Supply Chain Disruptions.
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