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Keep These 6 Geopolitical Supply Chain Risks on Your Radar in 2024

Resilinc

In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. What would happen if China invaded Taiwan ? Tom notes, “The U.S. election will have a significant impact.”

Russia 101
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Preparing your procurement team for the year ahead?

Proxima

To cut through the often-overwhelming noise in the procurement landscape – from geopolitics to supply disruption, digital to sustainability, and beyond – we consult leading CPOs to get their take on where we should be focussing efforts in the coming year. It’s often been said that procurement are value architects. And resilience.

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How Current Trends Drive Tech Adoption and Better Ways of Working with Yash Rai

HICX Solutions

In this episode of the Supplier Experience Live podcast, we spoke with Yash Rai , Vice President, Procurement and Supply Chain Solutions at The Smart Cube. Yash has over 14 years of experience working in the procurement domain. Supplier risk monitoring The second biggest trend he sees right now is around supplier risk.

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September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending

Supply Chain Matters

In both our summary and perspectives focused on August and July global PMI reporting , we echoed an increased trending toward declining global supply chain production momentum. The September S&P Global Taiwan Manufacturing PMI® once again remained rather concerning with the reported value of 42.2 export activities.

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Global PMI Levels in July Remain of Concern

Supply Chain Matters

The two special regions of concern are the Eurozone and Taiwan. Further indicated were signs of weakness occurring in China , Japan , Malaysia, South Korea , Taiwan and Vietnam. Taiwan ’s decline is directly related to both China along with continued constrained demand levels for high tech, smartphone and consumer electronics.

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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. . The July S&P Global Taiwan Manufacturing PMI® was especially concerning, with indications of the sharpest falls in output and new orders in over two years. The two recognized gauges of China’s manufacturing activity reflected differing perspectives and trending.

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Local sourcing – is it for everyone?

Procurement Academy

In the 1970s and 80s, savvy organizations began to realize that they could make significant savings by sourcing raw materials and parts from markets such as Taiwan, Singapore, and China. However, cost and competition still need to be at the forefront of supply chain and procurement decision-making, or the business will suffer.