Tue.Aug 01, 2023

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Are you de-risking your reliance on China?

Procurement Heads

Previously, EU countries sought to strengthen investment ties with China, but in recent geopolitical developments, China’s refusal to condemn Russia’s actions in Ukraine, and concerns over human rights violations have prompted a re-evaluation. While EU-China economic ties remain strong, the pandemic and conflicts have exposed the risks of depending heavily on China for critical supplies.

Risk 130
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From Local Markets to Global Trade: The Role of Sourcing Agents

Procurement Freelancers

The rapidly shifting terrain of international commerce is characterized by constant evolution. Companies must strive… The post From Local Markets to Global Trade: The Role of Sourcing Agents first appeared on Procurement Blog | Procurement & Supply Chain News.

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The Global Factory Activity Slump Continued in July

Supply Chain Brain

The J.P. Morgan Global Manufacturing Purchasing Managers’ Index registered a score of 48.7 during July, matching the index’s lowest level since June 2020.

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Analyst Eye on ancient challenges procurement faces

Spend Matters

Continuing our series of analyst observations on procurement tech market movements, this week we are considering how technology serves as an enabler for procurement to expand from purely occupying a savings role to an orchestrating one. The Spend Matters analyst team learns as much from the various workshops and advisories in which we participate as the solution providers with whom we work.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Ford Restarts EV Truck Plant as Price Cuts Spark More Demand

Supply Chain Brain

The company expects F-150 Lightning sales to “significantly increase” in September and October as production ramps up and it fills back orders.

Price 92
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Manufacturing is in a trough, but economists say recovery is on the way

Supply Chain Dive

While consumer demand remains low, manufacturers are preparing for better days ahead, with slightly improved production levels and stable prices.

More Trending

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Pratt & Whitney recalls hundreds of airline engines

Supply Chain Dive

Airbus’ A320neo family is the most impacted by the inspection program, though current deliveries are expected to remain on pace.

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Watch: The Power of Purpose and People-Centricity

Supply Chain Brain

In a purpose-driven supply chain, everyone understands the purpose behind what they do every day, and how they bring value to the consumer, according to Lori Shaffer, VP of global nonwovens at Kimberly-Clark.

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A Trust Gap Exists Between Supply Chain Executives and Their Customers

SCMR (Supply Chain Management Review)

There remains a gap between how customers believe the supply chain is functioning and how supply chain executives believe it is performing.

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BNSF Agrees to Paid Sick Leave, Improved Schedules for Union Workers

Supply Chain Brain

The agreement includes up to eight days of paid sick leave and scheduled time off for all BLET-represented BNSF locomotive engineers.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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Walmart aims for sustainable clothing in its supply chain

Supply Chain Dive

A test with Rubi Laboratories seeks to integrate carbon capture technology to produce affordable apparel from the emissions.

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Walmart and Rubi Laboratories Want to Recycle Carbon to Make Clothing

Supply Chain Brain

Rubi's process will capture and convert emissions into cellulose, creating a carbon-negative product that can be used to make clothing and other items.

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5 things to know: IBM Cloud’s mission to accelerate innovation for clients

IBM Supply Chain Blog

Whether it’s addressing customer demands for seamless digital experiences or helping clients navigate complex industry regulations, IBM Cloud is committed to helping clients drive innovation today while preparing them for tomorrow. As enterprises embrace generative AI to drive innovation, the combination of IBM’s AI stack, industry expertise and infrastructure can help them on their journeys.

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The Importance of Investing in Ports for the Future of the Supply Chain

Supply Chain Brain

Reliable logistical information depends on seaports with technological systems that move containers without delays.

Import 82
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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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Hawaiian Airlines receives first Amazon A330 freighter

Supply Chain Dive

The carrier aims to diversify its revenue stream and cut back on maintenance costs.

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100 GREAT SUPPLY CHAIN PARTNERS

Supply Chain Brain

SupplyChainBrain's 2023 list of 100 Great Supply Chain Partners.

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3 ways IBM and Adobe are transforming content supply chains with generative AI

IBM Supply Chain Blog

We’re delighted about the recent expansion of IBM and Adobe’s dynamic partnership to help brands transform their content supply chains using generative AI. Our longstanding partnership with Adobe spanning both technology and consulting allows us to offer an unparalleled range of services to meet the evolving needs of the marketing and creative community.

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Levi Strauss strengthens East Coast e-commerce fulfillment with Kentucky facility

Supply Chain Dive

The 575,700-square-foot facility aims to lower lead times and optimize inventory positioning.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Incident management vs. problem management: What’s the difference?

IBM Supply Chain Blog

Every day, billions of people globally use their computers or mobile devices to access the Internet. Invariably, some of those users attempt to access a website that is either slow to load or prone to crashing. One reason that the website underperformed is that too many people were trying to access the site at the same time, overwhelming the servers.

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How AI Can Help to Reduce Supply Chain Fragility

Supply Chain Brain

Shortages, shipping delays and logistics breakdowns are offering businesses an opportunity to achieve competitive advantage.

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Advanced endpoint protection vs. risk-based application patching vs. laptop management: Similarities and differences

IBM Supply Chain Blog

Gone are the days when antivirus software and a firewall were almost enough to protect an organization from cyberattacks. Trojans, worms and malware are no longer the only cyberthreats keeping IT and security professionals awake at night. According to the IBM Security X-Force Threat Intelligence Index 2023 , for the second year in a row, phishing was the leading cyber threat, identified in 41% of incidents.

Risk 57
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Cost Savings Is No Longer A Top Priority—A Deloitte Study Shows

HICX

A series of comments by Costas Xyloyiannis quoted in Forbes … However, Costas Xyloyiannis, a supplier data specialist from Imperial College London and co-founder/CEO of HICX , a supplier experience platform, begs to differ. “The results give me hope that CPOs are setting up their businesses for success. I’m encouraged to see ESG elevated as a business priority, in combination with supplier collaboration and digital transformation as top strategies.

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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Mastering Operations Strategy: A Guide to Streamlining Business Operations

Pipefy

Any business that wants to excel, or even compete, in the current capricious market must have the ability to make the best, most efficient use of its resources. In the past, that meant cutting facilities budgets or reigning in travel allowances. Today, however, success requires a detailed review and breakdown of each process a business carries out to make and deliver its goods and services (also known as operations).

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Emotional Intelligence in the Workplace

Una

Emotional Intelligence in the Workplace Discover how to fuel an individual’s personal and professional success through stronger emotional intelligence (EI), regardless of occupation or industry. By Hugo Britt | August 1, 2023 Search Search What is Emotional Intelligence (EI) and how can it help us deal with stressful situations in our work lives?

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Business Process Monitoring: A Comprehensive Guide for Effective Operations

Pipefy

Processes form the foundation of any business and power day-to-day operations. However, for business operations to run smoothly, processes require constant monitoring to ensure they remain optimized and streamlined. This guide discusses benefits, challenges, and solutions for driving operational excellence through process monitoring. It also covers the major steps in implementing these solutions.

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Chief Procurement Officer Summit Takes Place in Miami, November 2023

Supply Chain Brain

The Chief Procurement Officer (CPO) Summit is a highly anticipated event that brings together industry leaders, procurement professionals, and supply chain experts from around the US.

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Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

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Breach of Contract: Consequences and How To Avoid Them

ContractSafe

A breach of contract is when one party fails to perform their obligations under the terms of a contract. Learn the types of breaches and how to avoid them.

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Apple Supplier Planning $500M Investment to Build Two Factories in India

Supply Chain Brain

Though the exact locations of the facilities have not yet been decided, a formal announcement could come as early as this week.

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Procurement Summit Live Interviews – Part 1: Procurement Tech Companies

The Procuretech Podcast

In the world of cross-border supply chains and procurement processes, innovation is revolutionizing the way businesses operate. In this exclusive interview series recorded live at the Procurement Summit, we dive into the minds of some visionary procuretech startup founders who are at the forefront of driving change in the industry. First up is Romain Fayolle , Founder and CEO of Holocene Holocene is a startup that optimises and automates logistics processes for cross-border supply chain.

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Procurement is simple – the challenge is deciding what you want to achieve

Spotlight on Procurement

Andy Clark, Head of Commercial Services at Yorkshire Water, discusses his unusual route into procurement, having never run a procurement process. He believes that procurement has a wider purpose than just procuring goods and services and that understanding the business's core purpose is crucial for turbocharging its operations.

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Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.