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Five years ago, we all thought the COVID-19 pandemic resulted in the most disrupted supplychain landscape we would ever see. Since then, supplychain disruptions and volatility have only increased. The Ukraine-Russia conflict is ongoing. With the global e-commerce market predicted to reach $8.1
“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supplychain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Emerging Themes for SupplyChain Planning.
That’s why staying on top of the latest supplychain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychain planning.
Driving Sustainable Growth Through SupplyChain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great SupplyChain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
Issuances of common shares, net of issuance costs 3.6 The purchase price for the acquisition was approximately $112.7 Cost Reduction Initiatives Considering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base.
At the onset of the Covid-19 pandemic, supplychain disruption became a common phrase in the media. In truth, it went well beyond what was being reported in the newspapers and on TV. Supplychain disruption became a key talking point for just about everyone. But now, we are in a new era of supplychain disruption.
I thought I understood all the major supplychain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and SupplyChain Strategy beyond Covid-19. Now of course, companies must map out the potential impacts of the Russia Ukraine war. Russia shells Ukraine.
Supplychain and logistics functions have been one of the most volatile in the global economy of the last four years. However, the immediate changes in consumption patterns and the subsequent “get out of the house” rebound were quickly followed by widespread inflation and the Ukraine war. But what about now?
Ukraine in the news: War in Ukraine disrupts ships around the globe. Ukraine invasion and the semi-conductor chip impact. Cyberattack on Toyota’s supplychain shuts 14 Japanese factories. Xerox addresses $300m backlog due to supply shortages. And now on to this week’s logistics news.
A wave of chaos followed that turned the supplychain upside down, forcing it to adapt, transform, and learn at an accelerated pace. 3 long term changes to the supplychain 1. McKinsey research shows that 73% of companies are now pursuing dual-sourcing , and 60% are regionalizing their supplychains.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Many breweries were also reported to be paying premiums to purchase cans just to meet their immediate needs.
government procurement of critical components. In an effort to decrease Russias ability to fund the war in Ukraine, the U.S. Titanium prices have already risen about 160% since the beginning of the war in Ukraine, and Western companies have had difficulty finding alternative, non-Russian titanium suppliers. While the U.S.
This will certainly be an interesting area to watch, especially as electric vehicles become more commonplace and apply to the global supplychain. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. And now on this week’s logistics news.
Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.
In recent years, there has been a significant shift in the supplychain industry as more and more women are choosing careers in this traditionally male-dominated field. This rise of women in the supplychain is not only breaking gender barriers but also bringing a fresh perspective and new ideas to the table.
Welcome to Elementum’s SupplyChain Market Report. This monthly newsletter observes one or two important macro trends through the lens of SupplyChain Management. We review how those trends are likely to impact SupplyChain and what leaders can do to adjust. How could Stagflation impact SupplyChain?
A recent report by the ACE European Group identifies supplychains as of the biggest sources of concern for European businesses today. On the other hand, there is a rising need for smarter and more flexible tools as well as more staff with analytical capabilities. The challenges: demand, staffing and technology.
Unpredictability is undoubtedly the major issue manufacturers face when dealing with fragmented supplychains. As the supplychain breaks, manufacturers must find new suppliers and new transport routes and find them rapidly, so that production doesn’t come to a halt. It’s exhausting for supplychain leaders.
Executives are plotting alternate supplychains or devising products that can be made elsewhere should China’s hundreds of thousands of factories become inaccessible. That prospect became more conceivable, they said, after the 2022 invasion of Ukraine prompted companies to sever ties with Russia, sometimes taking huge write-downs.
In this Part 2 blog post, we will continue to explore how automotive manufacturers are carrying out effective supplychain initiatives and their innovative solutions. Salim: Our automotive customers are increasingly looking at how to counter inflation but at the same time how to enable supplychain resiliency.
” Difficult as it may be, supplychain professionals need to plan for the future. Right now, the industry cannot rely on historical data, so the value of real-time data and analytics has never been more important to help companies pivot and adapt.” .”[4]. What Might the New Normal Look Like?
NYSE: ETWO) (“E2open” or the “Company”), the connected supplychain SaaS platform with a leading multi-enterprise network, today announced that it has entered into a definitive agreement to be acquired by WiseTech Global Limited (ASX: WTC) (“WiseTech”), a leading provider of logistics execution software solutions.
.” When it comes to the so-called “supplychain reset,” setting up differently should be the working definition. ’ This involves re-orienting the supplychain towards supply security, energy transition, talent, and increased agility. .’
Russia’s war in Ukraine has captured the attention of the entire world. The secondary impacts of the war are beginning to be felt more globally in supplychains, stock markets and other international operations. Near-term SupplyChain and Economic Impacts. Long-term SupplyChain Implications.
CNN correspondent Gabe Cohen ( @GabeCohenNews ) reports, “Grocery costs keep climbing. ”[1] Back in January, he noted that the primary causes of inflation were supplychain snarls, labor shortages, and Covid-19. Today, you can add the Ukraine war to that list. Changing Consumer Spending.
Resilinc has published its 2022 Half Year report. For a taste of what’s included in the report, we’re highlighting some key year-on-year trends covered. Take a read and then be sure to download our 2022 Half Year Report – Gridlock for the full overview. Hot off the press! Geopolitical and cyber risks grew.
The past few years have been chaotic and disruptive to the supplychain. Yes, COVID caused many issues, but other factors, including geopolitical changes, the war in Ukraine, weather events, peak season , and economic instability, have altered the fabric of logistics. Carriers Will Lower Rates But Keep Many Others.
The SupplyChain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. reported for June. The July 2022 J.P.
In this SupplyChain Matters commentary, we highlight quantitative data related to global and regional supplychain production activity levels in May 2022, as depicted by the reported PMI indices. Key reported findings point to output declines, lackluster new order inflows and international trade volume declines.
Companies that move fast and act smart now can stay ahead of due diligence legislation, mitigate supplychain risk and gain a competitive advantage in the process. As I explained in a recent article on Supply & Demand Chain Executive , organizations that leverage supplychain digitization will be the most likely to succeed.
Supplychain strains. Converging disruptions have sent food prices soaring — and Russia’s invasion of Ukraine, one of the world’s six breadbasket regions, risks tilting the food system into global crisis.”[1] are different than in other supplychains. They explain, “The pandemic. Climatic events.
As we go into the first week of 2023, many are wondering what’s ahead for global commerce and supplychains. As I’ve done in prior years, I’ll make a few predictions based on what happened in 2022 – and what I think it means for 2023. More importantly, the supplychain isn’t there yet!
Last December, reporter Jeanna Smialek wrote, “Inflation has become central to the American zeitgeist in 2021 in a way that it hadn’t been for decades.”[1] ” What the authors are trying to explain is how much purchasing power a specific amount of money had relative to today. ” Inflation Explained. ”[3].
Effective supplychain management is essential for success in the dynamism and connectivity of modern companies. To accomplish this, you require the skills of supplychain experts who can manage the complexity and difficulties of today’s global supplychains. They come from a variety of backgrounds.
Importance of Supplier Relationships in Indirect Procurement Challenging times call for closer relationships between organizations and their MRO suppliers Strong and successful indirect procurement strategies depend on strong and successful supplier relationships. Indirect procurement can be somewhat hidden, though.
From digitalization and changing workforces to trend reversals and inventory overloads, distributors have their hands full when it comes to tackling the latest supplychain challenges. Trends in Distribution and the Current SupplyChain Environment. Distributors tend to be more “purchase-focused” than “demand-focused.”.
In this SupplyChain Matters commentary, we highlight the latest quantitative data related to global manufacturing PMI activity levels for April. The report authors noted that this index, when calculated without the impact of China would have posted a 53.2 reported for March. reported for March. value, up from 53.1
The supplychain too, like every other part of an organization, is essentially a series of well-informed, intelligent decisions – when done right, forming the backbone of every successful business. What Exactly is SupplyChain Decision Intelligence? Why is Decision Intelligence Important in the SupplyChain?
For example, you have to make sure the supplier you're dealing with makes sense from both a cost and risk perspective. There's also the consideration of buying the right part or material; for instance, would purchasing more of an equivalent part or material found in other products deliver greater savings? What Can Be Done.
Yesterday the Census Bureau released the Q4 2021 Quarterly Survey of Plant Capacity Utilization, and my colleague Jason Miller was able to update the MSU SupplyChain Pressure Index. The Russian invasion of the Ukraine will no doubt render these shortages even worse. appeared first on SupplyChain Resource Cooperative.
Spire and Gravity SupplyChain solutions helping restore flow of goods by giving customers more visibility and greater confidence to accurately predict delivery times. As this new global economic system grew, a corresponding supplychain—complex, powerful, virtually unquestioned—became its structural support system.
Recall how manufacturers had to limit their on-site staff due to coronavirus safety regulations; more recently, food production in Ukraine was disrupted, which in turn affected the sales channels of Ukrainian products and everyone around the world who uses or distributes them. How many employees are involved in the procure-to-pay cycle?
In a series of blog articles, the Product/Solution Marketing team explores innovative solutions to guard against supplychain disruptions. Throughout the COVID-19 pandemic, we have seen the important role that logistics plays in the supplychain. Macro and Micro Disruptions. What is the result of all these disruptions?
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