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Winning strategies for distributors and manufacturers during an economic downturn

EazyStock

The right purchasing and logistics strategies give companies an edge during these unique, uncertain times and, during the return “to normal,” a greater competitive advantage and continued growth. Rapid cost increases, interest rate hikes and reduced demand require more effective inventory management and forecasting attention.

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Editor’s Choice: Aluminum Can Shortage Defines a New Normal for Food Packaging

Logistics Viewpoints

This shortage is the culmination of various ongoing issues – geopolitical tensions related to the Russia-Ukraine war, the rapid shift in consumer buying behavior and container freight availability. More smelters are expected to curtail operations leading to reduced supply in the market. To read the full article, click HERE.

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The impact of regional instabilities on the Global Supply Chain and how ERP can help

SYSPRO Smarter ERP

Even before the pandemic, global supply chain were fragile thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Rising oil prices will also have a cascading impact on supply chains in areas such as higher line-haul trucking rates and other transportation costs.

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Businesses Responding to High Inflation and Supply Chain Inventory Concerns

Supply Chain Matters

Reportedly, since Russia’ s invasion of Ukraine , global CEO s are confronting a world of extraordinary volatility and uncertainty, forcing many to reassess their growth assumptions and put strategic plans on hold. Inventory Management Assessment- Samsung Electronics. cyberattacks. Inflation are top of mind concerns.

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What Shippers and Retailers Need to Know for Peak Season Planning 2022

The Logistics of Logistics

In addition, retailers are struggling to move inventory initially ordered in the first quarter of 2022 to make way for back-to-school and holiday merchandise. With Russia exporting many critical commodities, Deloitte explained, there are insufficient raw materials for supply and manufacturing use. for the same period in 2021.

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OECD Trims Economic Forecasts as a Result of Ukraine Conflict

Supply Chain Matters

This latest updated forecast indicates that model simulations suggest a sizeable impact to global growth as well as the threat of higher prices, as much as a reduction of one percent GDP growth this year, and global inflation rates raised to upwards of 2 ½ percentage points in the first full year of the conflict.

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Parcel Carrier Fuel Surcharges Expected to Rise, Here’s What Shippers Should Know

Intelligent Audit

A host of issues are starting to affect inflation and fuel prices in particular. It’s barely been a month since UPS fuel surcharges were the latest topic, but with fuel prices skyrocketing to surpass records, they are once again on the table and weighing on the industry’s collective minds. . The State of Fuel Prices.