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5 Steps to Address the Rising Geopolitical Risks to Your Supply Chain

Logistics Viewpoints

Shift in the centers of gravity of the demand: As of the beginning of April 2022, about four million Ukrainians have left the country for neighboring countries such as Poland, Romania, Slovakia, Hungary and Moldova. Here are some ways supply chains are being impacted by the situation in Ukraine. This further adds to lead times.

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This Week in Supply Chain Management Tech September 8 2022

Supply Chain Matters

Procurement sourcing and tail spend solutions provider Fairmarkit announced the completion of a $35.6 Co-founded in 2017 by CEO Kevin Frechette, COO Tarek Alaruri, and CTO Victor Kushch, the company is headquartered in Boston, Massachusetts and has offices in New York and Poland. Expands C-Suite Amid Increased Technology Demand.

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ABB’s Daniel Helmig: “We are moving to virtual centres of expertise”

Supply Chain Movement

Daniel Helmig, head of ABB’s Supply Chain management, is currently busy implementing supply chain transformation throughout the company’s 450 plants and many project sites as the company consolidates back end processes and establishes ten global transportation management centres. “It I’ll be fully committed to this for the next two years.”.

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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

The bottom three were listed as Poland , Taiwan and Myanmar. . An uncertain picture relative to ongoing labor unrest among supply chain workers coupled with ongoing uncertainty relative to global and domestic transportation and logistics services provides additional challenges for supply network and supply management professionals.

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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

The bottom three were listed as Poland , Taiwan and Myanmar. Whereas the coming four months are generally viewed as a peak period for production and global transportation resource needs, we sense far more muted levels with added risks of excess capacity prevalent. Uncertainty remains a keen factor in planning and resource assessments.

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NFTs & Supply Chain: What Are The Applications?

SCMDOJO

Outsourcing takes place in every service, so much so that the retailers or businesses are not aware from whom a specific part of the product is procured. NFTs supply a sole source of truth. Streamlining Procurement Operations. You can find more about procurement here. Production, Transportation, and Warehousing .

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24 supply chain experts & business leaders reveal the #1 challenge of supply chain management (and how to solve it)

6 River Systems

“They have multi-sourced key commodities or strategic components to reduce their reliance on any one supplier, and they had considered inventory strategy to buffer against supply chain disruption.” Also, globalization presents another hydra-headed challenge for your procurement network.