article thumbnail

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. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.

article thumbnail

AI in Supply Chain Automation: Procurement to Logistics

Logistics Viewpoints

AI in supply chain automation is gradually reshaping how core functions operate, particularly in procurement, warehousing, and logistics. Key Insight: The use of AI in supply chain automation is producing tangible benefits across procurement, warehousing, and logistics.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ESG-Driven Supply Chains: Moving Beyond Compliance Toward Proactive Sustainability

Logistics Viewpoints

Procurement and sustainability functions often operate independently, leading to inconsistencies when ESG criteria are applied during sourcing and supplier management. Legacy procurement systems pose challenges, as they were not designed to capture and manage ESG-related data. Companies also face internal coordination issues.

article thumbnail

U.S. and China Agree to Temporary Tariff Reductions Following Geneva Discussions

Logistics Viewpoints

The working group will address broader issues including tariff policy, market access, non-tariff barriers, state subsidies, and intellectual property rights. However, as the policy is limited to a 90-day term, planning should remain flexible and responsive to potential changes after the expiry period. Policy Considerations U.S.

article thumbnail

How Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform

Tariffs are no longer just policy noise. One policy shift and your sourcing strategy is upside down. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.

article thumbnail

Beyond Cost Optimization: Building Resilient Supply Chains in an Unstable Trade Environment

Logistics Viewpoints

More recently, fluctuating trade policies have emerged as a persistent challenge, especially for firms with global footprints. Sudden tariff increases can quickly make a cost-optimized procurement strategy untenable, leaving companies scrambling to adjust. Procurement is another area seeing change.

article thumbnail

No Balloons Needed: Practical Moves to Navigate Tariff Volatility

Logistics Viewpoints

Trade policies are constantly evolving, forcing companies to assess how these changes impact customer demand, supply networks, fulfillment strategies, and cost to serve. These plans are created by: Predicting a range of uncertainty across demand, supply and disruptions, and then create range-based policies to quickly respond to these changes.

article thumbnail

How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment.