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
The FLR adopts the International Labor Organizations definition of forced labor and mandates the European Commission to issue guidelines by June 2026 to aid compliance. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
It adopts the International Labor Organizations definition of forced labor and mandates the European Commission to release compliance guidelines by June 2026. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. from Canada and Mexico.
Between the Carbon Border Adjustment Mechanism ( CBAM ) and the Corporate Sustainability Reporting Directive ( CSRD ), any large company that intends to conduct business in the European Union will be responsible for reporting on data that encapsulates environmental risk, procurement statistics, and supply chain impacts.
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supply chain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. Follow us at @Ivalua. Global Media Contact.
Amid a continuing component supply shortfall involving commercial aircraft global supply networks a report indicates that India has become a more attractive source of components. During 2025, and likely extending into 2026, this industry will continue to be challenged by supply chain network related demand and supply imbalance concerns.
E-invoicing Mandate | France 2024 March 27, 2023 | | Procurement Strategy by Steve Carter The biggest change to Accounts Payables since the introduction of double entry journals is about to hit finance departments–but are they prepared? Almost all governments are looking to onboard CTCs, with most of Europe being covered by 2026.
Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. CBAM takes effect in 2026, with reporting already required from 2023.
28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times. Over 90% of the United States’ semiconductor-grade neon is sourced from Ukraine. Image source: Bloomberg.
Small companies may also lack the resources to create a dedicated procurement team for proper sourcing and supplier vetting. Learn how they work, their benefits and limitations, and how they fit in with procurement software. How can procurement software help companies drive more value from GPOs? billion over 2017-2026.
Chief Financial Officer John Dietrich specifically indicated: I think its reasonable to assume that the macro environment is not going to significantly improve at least through the first half of fiscal 2026. Dietrich further indicated that weakness from industrial customers was a further consideration.
And is expected to double by 2026. Acting as the last link selling products or services directly to the end customers – companies or individuals – the vendor receives a fee from the customer for sourcing the product tailored to his needs. Suppliers are your go-to for finding raw materials if you are procuring supplies for production.
Companies can leverage social media to obtain consumer behavior analytics while also monitoring the industry, news and other sources that can indicate potential supply chain disruptions like the passing of a new regulation.
Better sourcing processes, how to implement omnichannel fulfilment, and creative solutions for labour shortages. According to a Bloomberg article highlighting a September 2021 conference call with analysts, Chief Marketing Officer for FedEx, Brie Carere, shared that the parcel market is expected to grow 10% annually through 2026.
Faury indicated to reporters that the expansion of Tianjin capacity is an important part of the strategy for producing upwards of 75 of the A320 family aircraft on a monthly basis by 2026. This facility also serves a base for commercial aircraft sold to China based airlines.
For instance, bad weather can hold up material deliveries, and new regulations might mean you have to change material specs or sourcing methods, leading to more delays and higher costs. Bureau of Labor , construction is predicted to be one of the fastest-growing job sectors until at least 2026. According to a report from the U.S.
The news of this appointment was initially reported by Reuters , and coined as this plane maker’s: “ biggest management revamp for years, as it juggles supply pressures with challenges in defence and space, industry sources said.” A further open question is the ongoing management of suppliers as plans for ramp-up of production capabilities.
Executives further indicated that future monthly production plans for the same market popular single aisle aircraft family were progressing well towards the previously announced goal of 75 aircraft per month by 2026.
An overall corporate cost cutting initiative calls for $11 billion in savings by 2026 in order to afford the transition to electric powered vehicles. Further being considered is the “ questioning ” of planned production of a compact SUV EV model at VW’ s main Wolfsburg facility planned for 2026.
billion by 2026, growing at a CAGR of 10.2% from 2019 to 2026. Source: [link]. production, warehouse, sales, procurement, quality control) and resources are performing and bridges information gaps across business operations. The global ERP software market is projected to reach $78.40
Reportedly, Samsung is planning to have the two fabrication facilities to be operational in 2026 and 2027. The aim is the ability to support the strategic supply needs in domestic based aerospace and defense, artificial intelligence and automotive supply networks. Under the provisions of the U.S.
Stage 2: Pilot Implementation Starting January 2026, companies must purchase pilot product import permits. By January 2026, the CBAM will mandatorily require independent verification of CBAM reports. The CBAM is being implemented across three stages: Stage 1: Transitional Phase From October 2023 onwards.
The European plane maker further indicated that plans are established to reach its highest ever monthly production rates in 2026. The existing goal includes a target for the production of 75 aircraft monthly for its A320 neo family of aircraft by 2026.
Businesses must be prepared to comply with FSMA 204 regulations by January 20, 2026. Streamline how you qualify, procure and deploy automation products, software and components with a single source for all your needs. – Manual tracking is prone to human error and inefficiencies.
We noted in our update that while the Boeing 737 program is reportedly stabilizing at a production rate at 31 aircraft per month with plans to ramp production to approximately 50 per month in the 2025/2026 timeframe, the wide body 787 Dreamliner program continues to experience challenges.
Once more, current longer term industry trends imply a period of excess global container vessel ship capacity by 2026. According to cited Drewry data, another 3 million TEU ’s are scheduled for global fleet delivery by the end of 2026. The authors indicated that 478 ships, totaling 3.1
That goal has been moved to 2027 from the prior plan of 2026. As of last week, a Reuters exclusive published report, citing informed sources, indicated that Boeing was nearing a deal for Spirit. The company further pushed back by a year plans to ramp-up Airbus A320 monthly production levels to a volume of 75 aircraft monthly.
The European producer further reiterated that future monthly production plans for the Airbus A320 aircraft family is progressing well towards the previously announced rate of 75 aircraft per month in 2026. The implication of this plan is estimated to imply 650 global aircraft grounded during this peak period.
Operational Plans The financial performance release clarified that the 737 program is stabilizing at a production rate at 31 aircraft per month with plans to ramp production to approximately 50 per month in the 2025/2026 timeframe. Boeing reiterated a plan to deliver between 400 to 450 of 737 MAX single aisle aircraft in 2023.
According to reporting by global business broadcasting network CNBC , Airbus CEO Guillaume Faury indicated it was premature to start thinking about Airbus single aisle aircraft production levels higher than the currently planned 75 per month milestone by 2026.
According to a published report from Bloomberg , RTX executives now indicate that an estimated average of upwards of 350 aircraft will need to be parked annually, through the year 2026, to complete this process of engine removal, inspection. Repair and remount.
His plan calls for Lexus brand to have a specialized EV platform by 2026, upon which other models can leverage. In essence, under Sato’s leadership, the company reportedly is pressing down the accelerator toward EV supply network transformation.
Last week Airbus again reiterated for investors the targeting of A320 family production levels of 50 per month by 2026. Industry media points to airline executives that are rather upset by both the Pratt reliability issues as well as the need for now inspecting and assessing such a large number of engines.
According to Pratt parent company Raytheon Technologies, an estimated average of upwards of 350 aircraft will need to be parked annually, through the year 2026 to complete this process of engine removal, inspection, repair and remount. The figure is further expected to peak to roughly 650 aircraft parked in the first half of next year.
140 procurement execs, human rights experts, analysts, NGO leaders gathered in London on May 4 last week to exchange on practices and discuss the potential impact, pitfalls and response strategies to UK Modern Slavery Act. The practice of extracting ‘recruitment fees’ from worker fees has become the “original sin”.
The report noted that Boeing’s aim is to target a monthly production rate of 50 single aisle aircraft per month in the 2025/2026 time period and that plans were being communicated to suppliers, customers and labor unions to take the necessary steps to create this fourth production line.
It is forecasted that by 2026, demand will mainly be linked to the rise in clean energy technology, in particular for neodymium-iron-boron (NdFeB) magnets –– critical components for electric and hybrid vehicles as well as wind turbines. Get in touch here. Introduction. The demand for Rare Earth Elements (REEs) is increasing.
Can RFx software really streamline the procurement process? Procurement technologies including RFx software have become such an integral part of enterprise operations that the market value of procurement software is projected to reach $9.6 billion by 2026. The short answer? Yes, it can.
If you’re like most sourcing professionals, you probably rely on various software applications to help streamline your sourcing processes. Not only will using eRFx help you increase your cost savings, but it will speed up the overall procurement process while improving your vendor relationships. Your 2023 Guide to eRFx.
And it’s making strides: experts estimate that global eCommerce sales will reach $8 trillion (USD) by 2026. This modern business model functions as the online solution to making retail, manufacturing, wholesale, and service-based sales. How does eCommerce business work?
based Albemarle providing upwards of 100,000 metric tons of battery grade lithium hydroxide to supply 3 million Ford EV batteries starting in 2026. Farley additionally indicated that this auto maker is “ pretty much done ” in locking mining and processing capacity needed to support upwards of 2 million EV vehicle production needs by 2026.
based consumer electronics provider Apple was considering sourcing of the chip fabrication of its advanced design semiconductor processors within the U.S. The implications of this potential sourcing move were obviously significant from an overall industry and U.S. In mid-November, we highlighted reports indicating that U.S.
Plans now call for expanding single-aisle production rates to a rate of 75 aircraft per month by 2026 being targeted one year later than originally planned. An order of these magnitudes can sometimes come with provisions for localized component sourcing or final manufacturing to spur local jobs and technology capability.
Further, an overall corporate cost cutting initiative calls for $11 billion in savings by 2026 in order to afford the transition to electric powered vehicles. The company is seeking to raise margins to 6.8 percent over the next two years for the automaker’s namesake VW branded line.
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