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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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More truck deliveries expected in 2023

Strategic Sourceror

From drive shafts and semiconductors to a number of other essential parts, the component crunch that's played out over the past several years has exacerbated motor carriers' inability to keep up with the pace of consumer demand. Brought to you by the StrategicSourceror.

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3 reasons why supply remains tight for food retailers

Strategic Sourceror

Growth in consumer demand Depending on the season, certain items tend to be purchased at a higher rate, such as cabbage and corned beef in mid-March and Bell's seasoning and pumpkin filling in late November. That's up from 42% when a similar survey was conducted in 2021. Brought to you by the StrategicSourceror.

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Inflation is giving retailers inventory headaches

Strategic Sourceror

Add supply chain delays and seasonal purchasing habits into the mix, and retailers have been left with a double hit of unwanted inventory and limited consumer demand. " Brought to you by the StrategicSourceror.

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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. 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. Brought to you by the StrategicSourceror.

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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.