This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Over four-hundred days of war in Ukraine. The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Unrest in Sudan.
” Dragons are a good analogy for the risks faced by supplychains. No one can say for sure what dragons lie ahead in 2025 for supplychains, but some risks are known. Navigating this years looming risks to build a secure supply network has never been more critical.[1] ”[3] Climate Change.
My recent conversations with the supplychain practitioners are dominated by supplychain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Let us dive deeper into how supplychains are getting disrupted. Now, this risk is further amplified.
Over the past few years, supplychain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Monitoring and mitigating risk associated with supply, suppliers, and the supplychain networks. Price Volatility.
While the supplychain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. As we turn the page on 2022 , I’d like to make five supplychain predictions about what to expect for 2023.
83% fear the biggest disruption from Brexit is yet to come, while increasing supplychain disruption caused revenues to drop by an estimated 18%. Increasing supplychain disruption meant that 28% of UK businesses lost revenue in the last 12 months, with these businesses estimating an average drop in revenue of 18%.
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.
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.
Over 250,000 US companies, and over 160,000 European companies, have direct or indirect suppliers in Russia and Ukraine. War in the region was always going to have a dramatic effect on global supplychains, and there are three areas where this is already evident – or likely to manifest. What can supplychain practitioners do?
Russia-Ukraine War. Could the Russia-Ukraine War turn nuclear? Slowing Economic Growth. Did I miss anything? It’s been an eventful first quarter of 2022, and the outlook for the rest of the year remains risky and uncertain (just like it’s been the past two years). I pray that it doesn’t. Will a major cyberattack.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. According to the releas e , overall disruptions to global supplychains increased 38 percent on a year-over-year basis.
Visibility across the entire length and breadth of your supplychain is required to predict and overcome supplychain constraints. Too much inventory means demand constraints, too little causes supply constraints. Too much inventory means demand constraints, too little causes supply constraints.
Discover the top geopolitical risks set to affect the global supplychain this year. In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. In fact, geopolitics is one of the top five supplychain megatrends this year, which we cover in our highly-anticipated annual report.
In the hyper-connected global economy of the present day, supplychains traverse continents, cultures, and myriad communication barriers. Having access to an audio translator can be the difference between quick resolution of issues and ballooning interruptions throughout the supplychain.
Daifuku noted in its financial release ending in June 2022, “ “increased difficulty in procuring components along with the lockdown in China ” and KION (Dematic) stated in its financials that “ The continuing sharp rises in the cost of materials, energy, and logistics, from an already high level, is increasing procurement risk for the KION Group.
The Manufacturing SupplyChain Journey through AI and Automation Manufacturing SupplyChains Explained The manufacturing supplychain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.
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. This article is from Chetan Chaudhari at GEP and examines the ongoing aluminum can shortage.
Subscribe to SupplyChain Game Changer. SupplyChains Are Broken. Have you found that the consistent supply and reasonable prices in the Electrical SupplyChain that you were used to before COVID-19 hit have not returned as soon as you hoped, or as soon as some experts predicted? Subscribe Here!
High and increasing costs, in combination with long recovery times, have triggered many companies to reassess their customer service plus supply-chain strategies and footprints to make them more resilient to any kind of disruption. Reducing risk in supplychains. Ensure supply-chain visibility.
Global supplychains were starting to recover from two years of upheaval caused by the pandemic when the military crisis hit. The further disruption caused by Russia’s invasion of Ukraine could cause major disruptions to the global supplychain and impact South Africa. Supplychain challenges.
Subscribe to SupplyChain Game Changer. The Single Point of Failure in SupplyChain – Semiconductor Fabrication! There are a variety of ongoing disruptions caused by Russia’s invasion of Ukraine and the resulting economic Russian sanctions coming from other countries. Subscribe Here! Email Address.
Under Pressure, Will Procurement Take Performance Higher in 2023? . Procurement and supplychain teams have been trying to hold the line against macroeconomic and global market forces that have been pushing hard against them for nearly three years. Procurement and supplychain teams are under constant pressure. “Our
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.
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.
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.
It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.
The staff at SupplyChainBrain notes, “A [2022] report from DispatchTrack, a specialist in last-mile delivery software, reveals that the majority of supplychain organizations surveyed in October and November — 77% — claim to be prioritizing sustainability or to have plans to prioritize it in the coming year.”[1]
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.
Are Our Agri-Food SupplyChains In Crisis? Are our agri-food supplychains in crisis? Do we need to relook at how we organise our agri-food supplychains? You could argue that this success story was the result of an optimisation of agri-food supplychains at a global level.
The Ferrari Consulting and Research Group via its affiliated SupplyChain Matters blog shares a mid-year assessment of previously published 2022 predictions for industry supplychains published at the beginning of 2022. Economic Outlook Significantly Changed. inflation rate to be 9.2 percent of GDP to 6.2
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.
Like safety stock calculations , EOQ is one of the most important equations in supplychain planning. The demand is subjected to change due to many factors drastically, including pandemics (COVID-19), war (Russia-Ukraine war), and last but not least technological advancements. Bowersox, SupplyChain Logistics Management.
The automotive industry has shown itself to be brave in recent times, in all areas but one: the supplychain. In order for logistics, procurement and distribution to align with the general advancements of the industry itself, these critical areas must give in to a more comprehensive transformation.
Even before the pandemic, global supplychain were fragile thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Unpacking expected disruptions across the supplychain for manufacturers and distributors.
The Ferrari Consulting and Research Group through its affiliate the SupplyChain Matters blog provides an overview of our 2024 annual prediction themes for industry and global supplychains. Significant changes and impacts across the supplychain focused technology landscape in various dimensions.
QAD Product Marketing Director Brent Dawkins recently shared his insights into future-proofing the supplychain for global shippers and his observations couldn’t be more critical. Brent’s recommendations echo those of a recent article from McKinsey, titled Future Proofing the SupplyChain. Resilience. Sustainability.
The Ferrari Consulting and Research Group through its affiliate the SupplyChain Matters blog shares select individual prediction snapshots that are included in our Annual 2023 Predictions for Industry and Global SupplyChains Research Advisory publishing later this month. Background. Prediction Background.
Two years ago, I wrote about what I had learned from supplychain executives trying to manage business continuity in the early days of the pandemic. In the last few weeks, I've had the opportunity to speak, once again, with several supplychain leaders. The Top 5 SupplyChain Pain Points.
Highlights from the High-Tech Industry Summit Blue Yonder’s High-Tech Industry Summit, cosponsored by Microsoft and Ernst & Young LLP , brought together over 50 supplychain practitioners from 18 diverse high-tech companies to Microsoft’s Technology Center in Mountain View, California, in October. Kudos to the Micron team!
The COVID-19 pandemic exposed vulnerabilities in supplychains around the world and the dust has never settled. Positive cases have been on a downward trend but supplychain disruption shows no sign of slowing down. How Have Global SupplyChains Changed Since the Pandemic?
In this SupplyChain Matters commentary, we highlight the latest OECD global economic forecast in the ongoing light of the Ukraine conflict and provide some additional industry supplychain implications. . Industry SupplyChain Implications.
Simon Geale recently spoke to CNBC about how China’s strict Covid restrictions are having a ripple effect on global supplychains. The threat of sudden lockdowns continues to loom over procurement teams. At Proxima, we are uniquely positioned to help your business evaluate opportunities and identify gaps in your supplychain.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content