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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. What Is Agile Procurement?

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No Balloons Needed: Practical Moves to Navigate Tariff Volatility

Logistics Viewpoints

The manufacturing sector is facing unprecedented volatility in global trade, with tariffs becoming the latest in a series of uncertainty drivers that are impacting virtually all industries. Manufacturing plants are deeply entrenched; tied to infrastructure, suppliers, skilled labor, and regulatory requirements.

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Beyond Cost Optimization: Building Resilient Supply Chains in an Unstable Trade Environment

Logistics Viewpoints

Reducing cost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. More recently, fluctuating trade policies have emerged as a persistent challenge, especially for firms with global footprints. Procurement is another area seeing change. AI also helps with scenario modeling.

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The World Today Part 1: The Best Manufacturing Ecosystems Win

Enterra Insights

Factors like automation, massive investments in at-scale, fit-for-purpose technologies, specialized training, low labor rates, and effective demand and supply planning capabilities, have woven themselves like threads into the fabric of efficient global manufacturing ecosystems. Batteries are sourced from South Korea and China.

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Tariff Implications for Industrial Manufacturers

BlueYonder

On the positive side, companies such as a small manufacturer of advanced plastic components used across various sectors, such as medical, industrial, automotive and consumer products has experienced increased interest from clients eager to purchase American-made goods. Where do industrial companies focus to prepare for tariffs?

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3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation

ivalua

Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.

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The AI Wars: Battlefronts, Breakthroughs, and the New Era of the Industrial AI (R)Evolution

Logistics Viewpoints

Edge Hardware: The battle for edge hardware also intensified in 2024, as companies sought to deploy AI capabilities closer to the source of data. This puts pressure on other device manufacturers to follow suit. ChatGPT Search : This feature gives users a way to get answers from relevant web sources.