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The supply chain career is new. The discipline, first defined in 1982, includes source, make, deliver, and planning functions. One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. Kinaxis Purchase of Rubikloud. Kinaxis Purchase of Rubikloud. Evolution is messy.
Dick’s Sporting Goods reported its Q1 financials this week, beating expectations but lower its outlook. The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs. Diving deeper into the factors behind cost increases, Dick’s management noted the high fuel prices that continue to increase.
This morning, the NewYork Times pushed me an article by Peter S. I would like for us to move past the conventional view of sourcing strategies and globalization to drive improvements to the supply chain in a variable world. The populist narrative of sourcing globalization is only part of the story. Let me explain.
” According to the latest Global Port Tracker report , a collaborative effort by the National Retail Federation (NRF) and maritime consultancy Hackett Associates, we’re about to see a significant surge in U.S.-bound ports, including Los Angeles/Long Beach, NewYork/New Jersey, Houston, and Savannah, among others.
82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune.
This January the company reported that its annual recurring revenue grew at over 84% year-over-year. Planners in China rely on different data sources and operate with different business practices than those in North America. There’s a lot of flexibility required to model the variations and nuances.”
The first World Sustainable Procurement Day was held this year on March 21. With the increasing focus on sustainability, I guess we should not be surprised that sustainable procurement now has its own day on the calendar. It’s often been reported that consumers have been the primary factor in pushing for change in this area.
I grew up in NewYork and graduated from the NewYork Institute of Technology. We found equipment and materials that can’t be sourced locally. The company searched for smart people who understand what the next new technology will be. I was involved with the procurement of equipment and materials.
This week’s news will all center on this war. The potential supply chain impacts of this conflict dwarf any other supply chain news that might be reported. Oil, gas, steel and metal products account for other everyday items purchased from the two countries.” Russia Attacks Ukraine. Oil Prices Jump. billion.
Some industry reports point out reluctance to route January 2025 import volume via east coast ports because of ongoing uncertainty. West Coast Port of Los Angeles reported 27 percent higher container volumes processed in the period from July to September. A published report by Business Broadcasting Network CNBC titled: U.S.
by Kevin McGowan A recent NewYork Times article demonstrated that supply chain management innovations can come from some unexpected places. This beats the paper-based system, and allows purchasers to track a fish-specific barcode so they know who caught it, where they caught it, and where that fish is going in the supply chain.
Caterpillar Faces New Questions in [Export and Tax Violations] Probe (WSJ – sub. France Plans to End Sales of Gas and Diesel Cars by 2040 (NewYork Times). As reported by the Wall Street Journal : Mondelez International Inc.’s Source: Walmart. Wolters Kluwer Transport Services is acquired by Castik Capital.
This sounds simple enough, but we all know it’s a very complex issue and that’s partially because ESG concerns touch every part of the value chain, from the field or mine where raw materials are sourced to the packaging and transport modes used to bring your finished product to market. The International Labor Organization reports that 27.6
According to a recent NewYork Times article , 181 CEOs jointly released a statement on “the purpose of a corporation.” Procurement is at the core of many companies’ efforts to increase green practices. With such strong influence over company operations, purchasing teams have the opportunity to maximize impact.
Luxottica presumably uses a dual sourcing and a base-surge strategy for some eyewear models with China being their low cost far away source for base supply and Italy being the close source to meet surges in demand. Source: [2] and Alibaba.com. Manufacturing is outsourced to offshore factories in China.
Analysts at NielsenIQ observe, “Positive consumer sentiment toward sustainability has been growing for more than a decade, but the impact of purchasing preferences has yet to inspire a green revolution within the retail industry. Two rapidly emerging drivers of change — governance and cost — are about to change all that.
I have been having a number of fascinating interviews with Chief Procurement Officers this past week on the subject of procurementanalytics and supply management risk. But when companies do further analytics on excessive inventory, they eventually realize that about 80% of it is non-critical.
According to the July 2022 Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of NewYork , overall pressures reportedly declined once again in July. This index was reported as 1.84 reported for June, and 2.59 reported for May. PMI reports for July.
Alone on the Open Road: Truckers Feel Like ‘Throwaway People’ (NewYork Times). APICS announces plans to update industry recognized SCOR model. Software vendors and those involved in the purchasing decision have always viewed “function” as more important than “form.” ATA Truck Tonnage Index Decreased 2.5% I also wrote….
Yung-Yun’s algorithm scanned tens of thousands of targeted news and company reports to develop the ratings in each category. These interviews are often the best source of information and are not published. Secondary data sources are published available databases, reports, websites, and so on. Handfield, R.B.
The switch they helped flip in consumer purchasing trends caused companies worldwide to scramble, desperate to play in these emerging and evolving new spaces. The Wall Street Journal was the first to report on Amazon’s purported plans to open several hundred more retail locations. Exciting times are ahead!
Actionable analytics and meaningful logistics intelligence are essential elements in freight. Actionable analytics gather large volumes of data and interpret it in a meaningful way, translating it into effective business strategies. Provide Discounts on Worthy Purchases. Know When to Reinitiate RFPs to Get Better Shipping Costs.
So I spoke to everyone I knew in the field and looked through some other sources (Crunchbase, Jonathan Wichmann’s great list of logistics startups site, CB Insights and more) to come up with the ULTIMATE LIST of disruptive logistics startups. NewYork only. Information and predictiveanalytics on vessel activity.
It concluded, “Food retailers who want to reach today’s growing minority populations should make sure their supplier sources include companies that are at least 51 percent owned, operated and controlled by minorities, women, veteran/service disabled veterans, and/or LGBT individuals.”[3]. ”[3]. ” Concluding Thoughts.
On February 10, 2023, the FDA reported a shortage of carboplatin and cisplatin: two critical chemotherapy drugs needed to treat ovarian cancer and testicular cancer, respectively. Homeland Security Report on Drug Shortages In March 2023, Homeland Security & Governmental Affairs released a report on the risks of these drug shortages.
Alan Rappeport ( @arappeport ) and Jeanna Smialek ( @jeannasmialek ) report, “The International Monetary Fund issued a stark warning about the coronavirus’s economic toll, saying that the world is facing its worst downturn since the Great Depression as shuttered factories, quarantines and national lockdowns cause economic output to collapse.
Supply Chain Matters highlights contract manufacturing services provider Foxconn ’s reported Q2-2024 financial performance in light of a broader strategy to diversify the company services beyond that of Apple. Profitability growth comes mainly from higher output volumes or added supply network sourcing services needs that Apple had provided.
Before the United Nations Global Compact Leaders Summit in NewYork City June 22, a pre-conference roundtable session on supply chain sustainability was held at the UN Headquarters. EcoVadis Senior Account Executive Daniel Perry was invited by UNGC to present, and has reported here on the discussions and outcomes of the workshop.
The Supply Chain Matters blog highlights a further negative drop in the NewYork Federal Reserve’s Global Supply Chain Pressures Index ( GSPI ). This index compiles 27 different variables to include transportation movement and costs, global PMI sub-indexes reflecting delivery times and order backlog. reported for February.
Luxottica presumably uses a dual sourcing and a base-surge strategy for some eyewear models with China being their low cost far away source for base supply and Italy being the close source to meet surges in demand. Source: [2] and Alibaba.com. Manufacturing is outsourced to offshore factories in China.
Audits are ineffective tools for detecting, reporting , or correcting environmental and labour problems in supply chains.”. We explore these issues including “genericization” of audit content, high costs, audit fraud, and lack of focus on and ineffectiveness on driving improvements.
It has been forecasted that by 2040, approximately 95% of all purchases will be facilitated by ecommerce. Lerer Hippeau Ventures is a NewYork-based early stage venture capital firm, meaning it invests in companies that are just starting up but have a large chance of success (often Series A rounds). Product sourcing.
Supply Chain Matters provides readers and clients with a further installment in our global supply chain assessment series in providing highlights on reported June and Q2- 2024 global PMI activity levels. Morgan Global Manufacturing PMI® reportedly slightly declined in June with output and new orders indices on the rise.
Consumer purchasing continues to grow, and e-commerce is on track to break additional records throughout the remainder of the year and beyond. Unified data can then be properly cleansed, parsed, analyzed, and applied to generate core metrics for individual modes, specific carriers, service levels, and more.
Provenance has partnered with Carbon Analytics to create a solution designed for brands to respond to the climate emergency. The joint strategy allows brands to measure their carbon footprint, set commitments and communicate their progress and achievements all through a simple, cost-effective solution. . degrees Fahrenheit (2.0
Procurementsourcing and tail spend solutions provider Fairmarkit announced the completion of a $35.6 Other investment participants included GGV Capital , Insight Partners, HighlandX along with a new strategic investment from ServiceNow. Expands C-Suite Amid Increased Technology Demand. Fairmarkit Announces $35.6
Supply Chain Matters provides our monthly highlights commentary reflecting on May 2023 reported global and regional PMI indices. Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. The reported value of 49.6 was unchanged as that of April as well as March. in April to 58.7
Resilinc’s Rick Freeman weighs in on the future opportunities for high-tech and semiconductor companies Despite the stabilization of the high-tech and semiconductor supply chain, the industry still faces pressure due to ongoing import/export restrictions and changing regulations governing semiconductor production and sourcing.
They have continued to move the goalposts in terms of delivery standards — this year reporting a 25% increase in same-day delivery orders. They lowered their own fulfillment costs while improving delivery speeds with their optimized distributed warehousing strategy, which they will continue to invest in.
Developing end-to-end supply chain management software, Gravity optimizes operations, mitigates risk, and controls costs. In 1956, manually loading a ship cost $5.86 per ton; the standardized container cut that cost to just 16 cents a ton … The U.S. billion metric tons as of 2017. One joint solution.
Walmart will pay more for domestic sources, but will not be burdened with the inventory and purchasing FOB. As I noted in a prior blog, and as discussed in the NewYork Times today – Mexico is a great option – but the capacity isn’t there yet. More importantly, the supply chain isn’t there yet!
v] There are tremendous opportunities to understand behavior patterns and clues to anticipate shopper needs, understand personal preferences, predictpurchase paths, forecast demand, estimate returns, anticipate supply disruptions and much more. We are also creating new content at an ever more accelerating pace. ix] [link]. [x]
Interoperability solves this challenge by allowing applications to seamlessly share data, such as inventory data, shipping information and purchase orders. Integrating data from disparate sources also supports data analytics and artificial intelligence solutions, which we’ll discuss later in this guide.
California, Florida, and NewYork are leaders in the CBD market within the United States. Your best bet is to simply sell the industrial hemp-sourced CBD, as it won’t have high THC levels and is accepted across the nation. Registration usually costs about $100 in most cases. Usually, small businesses go for an LLC.
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