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2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM). With the continued challenges facing supply chains, that is no surprise.

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Corporate Sustainability Due Diligence Directive (CSDDD): Addressing the Entire Value Chain

Logistics Viewpoints

The CSDDD will be phased in over an extended time, starting in 2027 companies with 5,000 employees and a 1.5 Source: Deloitte The CSDDD is still awaiting final approval, but the core due diligence steps will require companies to identify potential, and actual adverse human rights and environmental impacts.

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FedEx and UPS Recourse to Price War

Supply Chain Matters

with the goal of reducing The established goal is to save $4 billion in costs fiscal 2025, and a cumulative $6 billion in costs by 2027. Included in the Journal report is a graph sourced to TD Cowan and AFS Logistics that plots the index of price hikes since Q1-2019.

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6 Customer Service Examples To Maximize Customer Loyalty

ToolsGroup

In fact, the global skincare and cosmetics market is expected to reach US$89,550 million by the end of 2027. Image source: National Retail Association. Image source: Twitter. Image source: Ikea. It’s a strategy that has paid off, turning Ikea into a beloved destination: Image source: Buzzfeed. Image source: Lyft.

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The What, Why and How of Total Procurement Orchestration

By 2027, Gartner predicts that 40% of sourcing will be handled outside of the procurement function. How can procurement pros ensure that the process is efficient and unified for all users? For a synchronized and democratized approach to procurement, leaders are embracing total procurement orchestration solutions.

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­Driving decarbonization with technology

Taulia

Additionally, the UK plans to implement its own Carbon Border Adjustment Mechanism (CBAM) by 2027, aligning with the EU’s approach to addressing carbon leakage. Companies can pull in master and transactional data from SAP S/4HANA Cloud and integrate supplier data and third-party sources.

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This Week in Logistics News (July 20 – 26)

Logistics Viewpoints

The canal is a key source of revenue for the government of Egypt, and it is one of the country’s top earners of foreign currency. Construction will be broken up into 10 individual projects, with the first to be completed by 2027 and the last by 2032.