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
Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.
For example, the grocer released its first report on corporate social responsibility efforts last year. Lidl also shared that it had identified 11 critical raw materials and committed to setting responsible sourcing targets for each group of items. But the WWF is now the WWE, and this is a different kind of partnership.
Managing a global supply chain network requires the ability to manage and control both globaltransportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain.
There are 4 fundamental areas where globaltransportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. These challenges are: Information Accessibility – visibility, reporting & analysis, communication.
Here, he explains what caused current global supply chain disruptions, and shares the five steps needed to overcome today’s supply chain issues. How We Got Here: Understanding Today’s Global Supply Chain Disruption. Every major publication and news outlet is reporting on the supply chain crisis. Image source: Bloomberg.
Demands on the transportation teams are growing as political posturing ramps up causing rapid disruption to global supply chains. A global TMS solution provides an automated and systemic way of addressing the challenges that are the reality for most organizations that sourceglobally. Execution Control.
Managing a global supply chain network requires the ability to manage and control both globaltransportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain.
Supply Chain Matters calls reader attention to a published report that indicates for one retailer, the sudden shift in consumer demand this year may not have been that sudden. We recommend that our readers have a view of this report.
While developed regions have managed to sustain some production momentum, there are growing concerns related to continued high levels of cost inflation and added globaltransport disruption. Source: JP Morgan and S&P Global, March 2022. Source: JP Morgan and S&P Global, March 2022.
An example of supply chain resilience A basic example of supply chain resilience is building in redundancy through dual sourcing: having an alternative supplier for important parts or ingredients. Their Head of Supply Chain, Daniel Bull-Clearie, initially sourced their raw product entirely from their own coastal farm.
Supply Chain Matters provides readers with a further installment in our global supply chain assessment series, specifically in providing highlights on reported July 2024 global wide PMI activity levels. The latest data reinforces indications of a global manufacturing slowdown. The July reading of 49.7
Billion Michigan based Lineage Logistics LLC , which describes itself as “ the world’s largest global temperature-controlled warehouse REIT ,” reportedly raised $4.4 According to reporting from The Wall Street Journal , the company has been leveraging strong demand for refrigerated warehousing since the Covid-19 pandemic began.
Supply Chain Matters provides our commentary and perspectives on published monthly global manufacturing PMI and supply chain activity indices. In our summary and perspectives focused on July 2022 reporting , we opined that July data reinforced a trending toward declining global supply chain production momentum.
4. Artificial intelligence and machine learning AI and ML offer manufacturers powerful predictiveanalytics that transform manufacturing supply chain management by improving forecasting accuracy and speed, supporting better decision-making, and reducing operational costs.
Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. This compilation is based on the most currently available company revenue data (between 2018 and 2020) without factoring in any other metric. Møller Mærsk Group.
For example, rising commodity and energy prices are causing globaltransportation disruptions and delays. AI/ML platforms can connect to external sources including weather, geography, logistics, promotions, price, seasonality, etc., to better forecast demand. .
How can global shippers most efficiently distribute products to an extremely diverse, multinational customer base? Delivering exceptional service levels, regardless of where products are sourced and manufactured, or how buyers choose to purchase products is a constant challenge. Know how to capture your new analytics horsepower.
How can global shippers most efficiently distribute products to an extremely diverse, multinational customer base? Delivering exceptional service levels, regardless of where products are sourced and manufactured, or how buyers choose to purchase products is a constant challenge. Know how to capture your new analytics horsepower.
That compares to a reported starting rate of $15.50 Added safety and health protections, to include vehicle air conditioning and cargo ventilation in all larger delivery vehicles, sprinter vans, and package cars purchased after Jan. more per hour in 2023, and $7.50 more per hour over the length of the five year contract.
This exclusive data comes from EventWatch AI , Resilinc’s 24/7 AI-powered, global event monitoring platform, which collects information and monitors news on 400 different types of disruptions across 104 million globalsources. Labor disruptions were a particular problem across all forms of globaltransportation as well.
Singapore’s status as a globaltransport hub makes it naturally suited to hosting freeports, with over 100 airlines accessing its airport and 200 shipping lines passing through its port Singapore’s freeport Singapore was established as a freeport in 1819. Freeports in the United Kingdom: Why are they in the news?
Supply Chain Matters provides readers with a September and Q3-2024 global supply chain assessment focused on reportedglobal wide PMI activity levels. The reported September data provides added reinforcement of a global manufacturing slowdown occurring at the end of Q3-2024. declined 1.4 declined 0.8
Digitization Supply Chain Management, like many other industries in the past decade, has iteratively undergone transformational periods of digitization — shifts to digital processes essential for remaining competitive and profitable in the global marketplace. from the global economy by 2022.
In our continuing series, Supply Chain Matters provides readers with highlights of monthly reportedglobal and regional wide PMI activity levels. The latest data regarding October reinforces that global and regional manufacturing levels remain subdued, similar to this condition during all of the Q3 period. rose from the 45.0
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