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COVID-19 and Ukraine Conflict Global Supply Chain News Capsule March 23 2022

Supply Chain Matters

In this Supply Chain Matters March 23 rd edition of our COVID-19 and Ukraine Conflict News Capsule, we provide updates to ongoing industry supply chain developments and disruptions of concern to our reading audience. Included in this update are the following updates: Canadian Pacific Railway Work Stoppage Eased. Canadian and U.S.

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How procurement can create advantage in a post-volatility world

Proxima

So, what does this all mean for procurement? Procurement leaders should be conscious of the short-term environment, but it’s also their role to look at what might be a further down the road and think strategically about how their work is aligning with long-term business priorities. Let’s start with the short-term.

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High Prices and Low Availability Plague the Electrical Supply Chain!

Supply Chain Game Changer

Earlier this year, before Russia invaded Ukraine and COVID-19 reemerged in China, it seemed we would finally enjoy relief from supply chain interruptions and price increases. With the war in Ukraine inflicting more injury to an already weak global supply chain, you can expect high prices, product scarcity, and project delays through 2022.

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How procurement can solve the looming headache for CFOs

Proxima

Certainly, the ‘Long Pandemic’ phase from May 2020 to the end of 2021 presented its challenges. Costs in the supply chain have been rising for some time now and, more worryingly, those increases show little sign of abating, particularly given the ongoing events in Ukraine. I am picking up on four main reasons for this concern.

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This Week in Logistics News (April 30 – May 6)

Logistics Viewpoints

McCormick’s diverse supplier network helps shield it from Ukraine impacts. The company has faced sourcing constraints as a result of the war in Ukraine, causing the company to rely on second sourcing capabilities for its mustard procurement. Sixteen states sue USPS over plan to buy gas-powered vehicles.

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Freight Market Intelligence: Data is crucial, but context is king

Freightos

The article presents findings from a survey conducted across over 200 global supply chain professionals to highlight how the pandemic has increased the need for freight market intelligence and how it continues to be relevant even as supply chain issues resolve. While this isn’t news to me, the importance it took on was. And they are.

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Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

With the crisis in Ukraine and sanctions imposed on the Russian Federation, fuel and energy prices are now soaring. And this was before the Russian invasion of Ukraine began. In fact, global freight rates have increased tenfold since the start of the pandemic. GLOBAL CRISES DRIVE PRICES SKY-HIGH. BE READY FOR THE NEW NORMAL.