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Supply chain, labor issues forcing candy makers to problem solve

Strategic Sourceror

But as with a number of other industries, the candy sector is in the midst of labor shortage, unable to produce as much product as they have in the past and at the pace of consumer demand. Ever since, they're lucky to have the orders in buyers' hands within three months. Brought to you by the StrategicSourceror.

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Inventories pile up as customers buy less

Strategic Sourceror

But with the COVID-19 lockdowns lifted and life largely back to normal, retailers appear to have overestimated consumer demand, with their inventories far exceeding the once torrid pace of sales. It's just painful on the path from here to there." Retailers aim to reduce their inventory that is piling up due to slower sales.

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3 ways inflation is impacting global supply chains

Strategic Sourceror

Department of Labor, the Consumer Price Index in November 2022 had increased 7.1% Resurgent consumer demand, business closures, transportation disruptions and port congestion have all conspired to put pressure on suppliers and raise the cost of doing business. According to the U.S. over the previous 12 months.

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Retailers' supply chains are in better shape for the holidays

Strategic Sourceror

While supply chain disruptions have frustrated both buyers and sellers since 2020, many of the previous bottlenecks have since been dislodged, setting the industry up for what could be a banner year from a sales perspective, despite high inflation. Brought to you by the StrategicSourceror.

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Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities

SCMDOJO

Strategic sourcing: Procurement performs a market analysis to identify potential sources of supply and support the organization’s needs. Contract development: The team develops and establishes contracts with supplier organizations to meet the buyer organization’s requirements and needs.