Procurement’s Role in Managing the Tariff War

NC State SCRC

Some Chinese companies went through some gyrations to re-jigger supply chains to export out of Vietnam, it is unlikely this short-term measure will work. Forward looking procurement organizations need to begin to take the time to think through how they are going to deal with these issues. The news is in – in the form of more Tweets, of course.

Q: Food vs Fuel? A: Wrong question…We need more efficient markets!

Supply Chain View from the Field

Haiti grew all of its own rice, until the World Bank told them to take the tariff off – and once they removed the tariff – they could buy it cheaper from the US and Vietnam than they could grow it in the country. I have been working with Jay Golden at Duke University on the biobased forecasting project for the USDA, seeking to understand the current scope of the biobased product market ( focused on non-fuel, non-food products).

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Dr. Hau Lee on the New Supply Chain—and What to Watch Out for in TPP

Elementum

Naturally, your boss will look at how good you are in procurement. Nike manufacturers are based in China, Indonesia, and Vietnam. Instead of looking to the supplier for only procurement, they now look at them as a source of potential ideas and innovation. It’s about co-creating value—not just looking at your suppliers for procurement. The procurement manager’s job is so much more complicated, but embracing that complexity is the only way to win.”.

Bristlecone Flash – February 2019

Bristlecone

It took a mere 18 weeks for Bristlecone to lead a Middle Eastern steel manufacturing client on a transformation journey that took them from manual processes to a powerful new procurement solution. By automating everyday tasks and increasing visibility into the procurement process, the company is now positioned to enrich its supplier relationships, generate significant savings through better sourcing decisions, and improve contract monitoring and compliance.

Modern Slavery in Today’s Supply Chains

Kinaxis

In a related article by the Guardian , David Noble, chief executive of the Chartered Institute of Procurement & Supply, points out just how pervasive this issue is, saying 11% of British business leaders report modern slavery likely already plays a role in their supply chains. by Alexa Cheater I used to think slavery was, for the most part, a thing of the past.

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It is also airlifting parts from China to its Vietnam operations. In the future, businesses will diversify their supply chains and source locally so they are not as dependent on one procurement source as they are now.

Why SMEs May Lead a Shift Away from China Sourcing

Logistics Bureau

Heading the list of alternative manufacturing hubs are Vietnam, India, Thailand, and Mexico. Vietnam, India, and Thailand are Favoured…. Those planning to move indicated that they were looking at Vietnam, India, and Thailand as new bases for their operations.

Transforming your supply chain: What experts said at Quintiq World Tour Singapore 2015

DELMIA Quintiq

In e-commerce, the supply chain begins from the point we procure our products to the point they reach the distribution center (DC) and finally, to the customer’s doorstep. In countries like Indonesia, Vietnam and the Philippines, where labor costs are still relatively low, using manpower makes more sense than automation technology for now. What happens when you ask four experts for their thoughts on supply chain transformation?

Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

Supply Chain Nation

Lucky are the companies that can shift production to other countries like Mexico or Vietnam. By using AI and ML, companies can better model and predict demand and fine tune their inventory from procurement to transport to warehouse to routing supplies to locations ahead of demand. A New York Times article from August 2019 highlights how much artificial intelligence (AI) is indebted to humans.

Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Organizations continue to scour global markets for even lower labor rates, moving from Western China to the Pearl River, and now to Vietnam, Indonesia, Malaysia, Cambodia, and North Africa. Action will be required, and we will have more updates on this topic soon… Articles Director's Blog Emerging Issues in Supply Chain Labor and Human Rights in the Supply Chain SCM Procurement Supply Chain Risk Supply Chain Sustainability Sustainability Uncategorized

Is it Time for to Move Away from “World Class Supply Chains”?

NC State SCRC

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. The book looks at what the future procurement capability will need to be, in light of the massive “game changers” of globalization, technology, cultural diversity, demographic issues, and sustainable pressure that is changing the entire ecosystem.

How Europe is Coping with Supply Chain Disruption

Jaggaer

Define your procurement response strategy. Sectors such as apparel, which have shifted production to countries such as Vietnam and Bangladesh, may see reshoring in the long run. Catch up on the webinar, COVID-19: YOUR PROCUREMENT RESPONSE STRATEGY co-hosted with Philip Ideson of Art of Procurement. Adapting to the present and future challenges of COVID-19. Can the complex global supply network survive the COVID-19 pandemic?

Supply Chain Secrets Going Global – But Where Should we Share Them?

Logistics Bureau

I’ve been taking them around the Asia Pacific region for several years, and the seminars have received a tremendous reception in Thailand, Vietnam, and of course, Australia. Procurement and purchasing. Sharing Supply Chain Secrets Globally My Goal for 2020. Anybody who knows me well is aware that in addition to working with my wonderful colleagues at the Logistics Bureau, I run several spin-off businesses.

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How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Procurement. Companies reliant on components procured in China, especially those in the automotive and electronics sectors, will really start feeling the effects of the crisis in March and beyond, analysts say.

Keeping it Fresh: Supply Chain of Livestock and Fresh Food

Elementum

Varieties of produce and livestock can be sourced from anywhere in the world; mangoes harvested in the Philippines could be sold in the US, or rice grown in China may be packaged in Vietnam and sold in different countries in the UK. Another solutions provider is iTradeNetwork , which uses expanded platform to improve efficiency across the supply chain for procurement, traceability, analytics, and data services.

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GrandVision: “We are changing completely as we become demand driven”

Supply Chain Movement

In the last three years we’ve developed our strategy, centralised procurement, purchasing and manufacturing aligned our portfolios across all categories globally and developed our exclusive brands portfolio. We are transitioning our Chinese supplier base to other regions such as Bangladesh and Vietnam for labour cost and quality reasons. Grandvision has grand plans.

Global Volatility & AI: How It Will Affect Your Supply Chain

Material Handling and Logistics

For procurement, uncertainty meets technology, most notably artificial intelligence, this year. Geopolitical and market events promise to make 2019 a challenging year for supply chain and procurement teams, one full of both increased risks and opportunity. Managing geopolitical risk has always been a part of procurement and supply management’s job, but as new sources of supply volatility emerge and the threat of tariff escalations increase, managing these risks has become critical.

Remembering Ronald Coase (Dec 29, 1910- Sept 2, 2013)

Supply Chain View from the Field

He was also an important contributor to our understanding of the modern field of procurement and supply chain relationship management. This argument made sense in 1937 – because procurement was viewed primarily as a transactional activity. The number of different acitvities that went out to global suppliers in India, China, Vietnam, Brazil, Mexico, and other “Low Cost Countries” was a function of the lower costs – something that Coase couldn’t have possibly imagined in 1937!

Seasoned Leadership in Action™ – An Interview with Derek Panchyshyn!

Supply Chain Game Changer

Within my first few months here, my relationships with suppliers and my ability to develop them quickly came into need as we had a massive project to deliver in Vietnam that had strict financial terms tied to perfect order performance. There was no such thing as supply chain in my consciousness early in my career – I was only vaguely aware of functions such as planning, production control, procurement, shipping and receiving. Subscribe Here! Email Address.

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SCRC Meeting Insights Part II: Management Principles for Executing Visibility Strategies

NC State SCRC

A problem in procurement can impact manufacturing and logistics and planning, but often these dots are never connected, so there never emerges a cross-functional approach to working on them. These types of small but important events require the attention of a cross-functional team, composed of individuals from multiple functions, including design, marketing, sales, order fulfillment, logistics, procurement, manufacturing and suppliers.

Seasoned Leadership in Action™ – An Interview with Derek Panchyshyn, SVP at ATX Networks!

Supply Chain Game Changer

Within my first few months here, my relationships with suppliers and my ability to develop them quickly came into need as we had a massive project to deliver in Vietnam that had strict financial terms tied to perfect order performance. There was no such thing as supply chain in my consciousness early in my career – I was only vaguely aware of functions such as planning, production control, procurement, shipping and receiving. Subscribe Here! Email Address.

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In 2017, Smith & Nephew expanded its use of business network and cloud-based applications to support a centralized, efficient procurement process for managing spending from end to end. Wayfair is also running a pilot program through its CastleGate warehouse network to ship consolidated containers of goods from multiple suppliers from China, Malaysia and Vietnam. The world of supply chain and logistics is changing every day.

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

Traditionally warehouse was mainly thought as a storage location where items were procured from manufacturer and supplied to retail stores (mainly bulk operation) as end customer buy from stores. The largest increase in e-commerce is in Vietnam (57%), followed by India (55%). Warehousing is critical in movement of goods from manufacturer to the end customer.

Top eCommerce marketplaces in Philippines

Vinculum

specializes in procuring products that are unavailable in the country. The popularity of the website has seen it expand its wings to Singapore, Indonesia, Malaysia, Brunei, Thailand, Vietnam, Hong Kong, and Taiwan. The increasing popularity of e-commerce in the last decade has seen gross development, not only in the mentioned sector but also in terms of an overall technology boom.

America First: How a New Slew of Trade Policies Will Impact Supply Chain

Elementum

While they may not all be cheap, there are options for companies that want to weave domestic procurement into their supply chains. India and Vietnam might snag bigger shares of apparel and electronics manufacturing as US companies look to restructure their supply chains. US manufacturing activity dropped slightly in March.

Dealing with Risk, Uncertainty and Tariffs: What the Recent Tariff Delay Means for Retailers

Supply Chain Nation

While Vietnam is a popular choice, reports are surfacing that the country’s limited manufacturing capacity is already heavily booked and their ports and other infrastructure are maxed out. It must consider meaningful news and events as well as understand constraints from partners, infrastructure, procurement, production, distribution, and transportation. What’s the scariest part of a horror movie? Knowing there’s a killer in the house but not knowing when or where they’ll strike.

America First: How a New Slew of Trade Policies Will Impact Supply Chain

Elementum

While they may not all be cheap, there are options for companies that want to weave domestic procurement into their supply chains. India and Vietnam might snag bigger shares of apparel and electronics manufacturing as US companies look to restructure their supply chains. US manufacturing activity dropped slightly in March.

Dealing with Risk, Uncertainty and Tariffs: What the Recent Tariff Delay Means for Retailers

Supply Chain Nation

While Vietnam is a popular choice, reports are surfacing that the country’s limited manufacturing capacity is already heavily booked and their ports and other infrastructure are maxed out. It must consider meaningful news and events as well as understand constraints from partners, infrastructure, procurement, production, distribution, and transportation. What’s the scariest part of a horror movie? Knowing there’s a killer in the house but not knowing when or where they’ll strike.

Navigating the Future in an Uncertain Political and Regulatory Environment

NC State SCRC

What US industrial leaders must now worry about is the Regional Comprehensive Economic Partnership (RCEP) which includes China, Japan, Korea, Vietnam, Brunei, Australia, New Zealand, Thailand, Cambodia, Indonesia and others. The Supply Chain Resource Cooperative held its bi-annual Industry Partner Meeting in the Talley Student Center at North Carolina State University this past week.