Sat.Mar 04, 2023 - Fri.Mar 10, 2023

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10 lessons from CPOs leading procurement’s response to the polycrisis

Procurement Leaders

From simmering geopolitical tensions to soaring energy costs and staff shortages, the challenges faced by businesses in recent months have been complex and interlinked, and procurement has a key role to play in tackling this “polycrisis”. At Procurement Leaders, we’ve been seeking out the community’s insights into how they’re dealing with these challenges and how they see things panning out in the months to come.

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Managing 5 unintended consequences of autonomous trucks

SCMR (Supply Chain Management Review)

The push to deploy autonomous trucks is on, but there are other considerations that must be addressed first.

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Supply Chain Scaries: Coping With Threats to the Bottom Line

Supply Chain Brain

The wisest companies will take a proactive approach to risk management, predicting and preparing before reacting.

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9 Innovative Purchasing Concepts

Una

9 Innovative Purchasing Concepts for Procurement Implement various innovative purchasing concepts to ditch the old-school way of doing things and bring your procurement function up to speed. By Hugo Britt | March 7, 2023 Search Ask any old-school procurement professional about the “how” of procurement, and they will point you to the same sourcing cycle that has been used for decades: Define your business needs Float the RFQ Evaluate and select suppliers Negotiate and sign the agreement It’s a fr

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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.

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International Women’s Day 2023 #EmbraceEquity

Procurement Heads

Celebrate women’s achievements. Raise awareness about discrimination. Take action to drive gender parity. IWD belongs to everyone, everywhere. Inclusion means all IWD action is valid. For this year’s International Women’s Day, Procurement Heads spoke to leaders from across procurement to get their thoughts on equity. “If you’re just starting your career, unsure of the path you want to take, try procurement!

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Cocoa Prices – Historical Graph [Realtime Updates]

Procurement Tactics

Cocoa Prices – Historical Graph Real-time chart of historical daily cocoa prices. The prices are down in U.S. dollars per MT. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about cocoa prices: Why are cocoa prices fluctuating?

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Electrolux’s Mirela Boldu on managing supply chain threats through education and collaboration

Procurement Leaders

Risk has become an increasingly important focus for Stockholm-headquartered consumer goods giant Electrolux, which has thousands of Tier-1 suppliers. With such a large supply base, it’s not surprising to hear the business faces many different threats, including cyber risks, material availability challenges and logistics risks – to name but three.

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6 Ways to Improve Procurement Performance

ProcurePort

Procurement is a crucial aspect of any business, and it plays a significant role in ensuring that the organization runs smoothly and efficiently. As a procurement professional, you are responsible for ensuring that your organization obtains the goods and services it needs at the right quality, quantity, and price. In this blog post, we’ll discuss […] The post 6 Ways to Improve Procurement Performance appeared first on ProcurePort Blog.

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Lean Hogs Prices – Historical Graph [Realtime Updates]

Procurement Tactics

Lean Hogs Prices – Historical Graph Realtime chart of historical daily lean hogs prices. The prices are down in U.S. dollars per pound. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about lean hogs prices: Why are lean hogs prices fluctuating?

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Supply Chain Weekly Wrap-Up 03/03/2023-03/09/2023

All Things Supply Chain

Following the U.S. The Netherlands is set to impose chip export control on China The government of the Netherlands is moving forward with export restrictions on semiconductor manufacturing equipment.

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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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5 Reasons to Attend 2023 Ivalua NOW Paris!

ivalua

Ivalua Spend Management Insights [ivory-search] 5 Reasons to Attend 2023 Ivalua NOW Paris! March 6, 2023 | | Ivalua NOW by Eloise Barnum 5 Reasons to Attend 2023 Ivalua NOW Paris – Breaking New Ground We are thrilled to invite procurement leaders, innovators, customers, and colleagues to Ivalua NOW Paris. This year, we’re exploring uncharted territory – embodying the spirit of those who take strides in “Breaking New Ground” !

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6 Ways to Simplify & Streamline Your Procurement Process

ProcurePort

In today’s competitive business landscape, it’s essential to ensure that your procurement process is streamlined and efficient. A smooth procurement process can help your organization save money, reduce risk, and enhance collaboration with suppliers. However, simplifying and streamlining procurement is often easier said than done. In this blog post, we’ll discuss six ways to simplify […] The post 6 Ways to Simplify & Streamline Your Procurement Process appeared first

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Sugar Prices – Historical Graph [Realtime Updates]

Procurement Tactics

Sugar Prices – Historical Graph Real-time chart of historical daily sugar prices. The prices are down in U.S. dollar cents per LB. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about sugar prices: Why are sugar prices fluctuating?

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Episode 105: Mining the Gaps for Strategic Supply Chain Value with Steve Clarke

Una

EPISODE 105 Mining the Gaps for Strategic Supply Chain Value with Steve Clarke By Kelly Barner | March 8, 2023 The simplest solution to a problem is most likely the best one. Cutting through the noise to find root causes can be challenging, however, especially when there seems to be an overly complicated digital answer to every business question. In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Steve Clarke.

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How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

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Can Container Lines Withstand a Massive Increase in Vessel Capacity?

Supply Chain Brain

Following a period of seesawing freight rates and persistent service failures, ocean carriers and shippers are struggling to achieve some measure of equilibrium.

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How to reconfigure the global supply chain

SCMR (Supply Chain Management Review)

A prevailing conclusion from the learnings of the past years is that we should move away from a “manufacturing center of the world” to be better prepared to mitigate the shortages and transport challenges. But it’s not that simple.

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Coffee Prices – Historical Graph [Realtime Updates]

Procurement Tactics

Coffee Prices – Historical Graph Real-time chart of historical daily coffee prices. The prices are down in U.S. dollars per Lbs. The current price is and is last updated on. The average price in the past 3 days is The average price in the past 7 days is The average price in the past 30 days is The average price in the past 365 days is Popular questions about coffee prices: Why are coffee prices fluctuating?

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China, worker rights at center of Biden’s 2023 trade agenda

Supply Chain Dive

The U.S. Trade Representative said it is looking at all existing options and may consider new tools “to combat the harms of China’s state-led, non-market practices.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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New Brexit Trading Rules Could Take More Than Two Years to Fully Implement

Supply Chain Brain

Labeling products as “not for the EU” will be one of the most visible changes to result from Brexit in Northern Ireland and the rest of the U.K.

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IBM again recognized as a Leader in the 2023 Gartner® Magic QuadrantTM for Enterprise Conversational AI Platforms

IBM Supply Chain Blog

Artificial Intelligence is once again making waves across the tech world. The combination of new approaches to understanding language – foundation models and the generative AI revolution – and powerful, GPU-based compute is driving step function improvements in our ability to process, understand and engage in natural language. Whether enterprises are leveraging these powerful technologies to process and understand unstructured documents or build conversational AI platforms that surfa

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When Supplier Negotiations Come to a Standstill

Una

Pain Points in Procurement Series When Supplier Negotiations Come to a Standstill What to do when supplier negotiations appear to be at an impasse, why negotiations break down, and how to up your chances for success. By Hugo Britt | March 9, 2023 Search Welcome to Una’s Pain Points in Procurement series. Each week, the Una team will explore one of ten common pain points impacting procurement today, and put forth actionable solutions to each of these challenges.

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How Overstock is wooing new suppliers and weathering retail’s inventory torrent

Supply Chain Dive

While 2022’s discounting frenzy cost the online retailer market share, the CEO told Supply Chain Dive it’s looking to grow through new categories and brands.

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GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

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Airlines Are Struggling With Engines Just as Travel Rebounds

Supply Chain Brain

More carriers are flying with the latest-generation turbines that — while as much as 20% more fuel efficient — also have been prone to far more frequent maintenance cycles than their more robust predecessors.

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What is generative AI, what are foundation models, and why do they matter?

IBM Supply Chain Blog

Part one of a three-part series exploring how generative AI like ChatGPT is already transforming businesses Since its launch in November 2022, OpenAI’s ChatGPT has captured the imagination of both consumers and enterprise leaders by demonstrating the potential generative AI has to dramatically transform the ways we live and work. As the scope of its impact on society continues to unfold, business and government organizations are still racing to react, creating policies about employee use o

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Supply Chain Risk Management Planning

SCMR (Supply Chain Management Review)

Risk management doesn’t have to be complex. This practical, easy-to-implement framework supports decision-making and risk management.

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Meati hires CPG veterans for supply chain and operations

Supply Chain Dive

As the plant-based meat company prepares for a national retail launch this year, Elizabeth Fikes and Joseph Johnston have been hired to run more traditional manufacturing functions.

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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

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What Will Shape Supply Chains in 2023: Trends and Predictions

Supply Chain Brain

2023 will continue to present supply chain organizations with an imperative to analyze, predict and resolve issues before they arise.

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apexanalytix acquires ESG Enterprise: M&A Quick Take

Spend Matters

Categories: Industry News , Supply Risk Management , Sustainability Tags: PRO Today global supply chain risk management data, software and services provider, apexanalytix, announced its acquisition of ESG Enterprise, an environmental, social and governance (ESG) SaaS and data analytics software provider. The terms of the deal were not disclosed. The acquisition augments apexanalytix’s ability to help customers manage their supplier and supply chain information, risk and opportunities by adding a

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Global Shipping Heading Into a Slump

Procurement Bulletin

China Manufacturing Ramps Up As China opens up from their COVID restrictions, manufacturing is ramping up again. Global Shipping Heading Into a Slump While China manufacturing is ramping up, global shipping is slumping. Apple Continues Diversifying Away from China We’ve posted about this before, as Apple starts to shift their supply chain reliance on China, another Apple supplier, GoerTek, is also investing in manufacturing operations outside of China.

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Another Hyundai supplier to expand near Georgia EV campus

Supply Chain Dive

Sewon America will open its second facility in the state as Hyundai's planned $5.5 billion factory becomes a magnet for additional investment.

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Exploring the Advantages and Hurdles of Direct Store Deliveries

Direct Store Delivery, or DSD, is a common practice among global suppliers and retailers – like PepsiCo, Frito Lay, CVS, and Dollar General – and its popularity is growing, with the global DSD market expected to reach $1.19 trillion by 2027. Download this eBook for exclusive insights into direct store deliveries, challenges, benefits, and future trends.