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Subscribe SupplyChainVisibility Has Never Been More Important! Supplychains are more complex than ever, stretching across continents, industries, and multiple stakeholders. What is Real-TimeSupplyChainVisibility? Real-timevisibility is key to achieving this transparency.
Against this backdrop, one factor stands out as both a risk and key opportunity: pricing. To be precise, the ability to adjust pricing and pricing strategies in real-time, grounded in data and tailored to specific markets, has emerged as the most effective way to shield and even grow profits.
Procurement and supplychain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
We’re seeing larger RFPs over time asking for greater complexity. Our customers’ top concerns include expanding risk types, gaps in technology and a lack of full supplychainvisibility. Supplychain risk is also more complex now. Automation will streamline these processes, reducing the time needed to act.
By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. In a time of tariff-driven price increases, the platform can help retailers optimize in-season products to reflect active consumer sentiment.
However, simply cutting costs isnt a sustainable strategy CPOs must move beyond tactical price reductions and embrace strategic cost management. Leveraging Technology: Implement procurement software and analytics tools to gain better visibility into spending patterns , identify areas of inefficiency, and automate processes.
For many Chief Procurement Officers (CPOs), the real message was clear: Volatility is back, and this time, it demands faster, more coordinated and more data-driven responses. Others turn to last-minute supplier switches or price renegotiations. This makes visibility the cornerstone of any viable tariff management strategy.
Jones Act regulations, limited carrier options, capacity constraints, inter-island transfers and price rigidity all make Hawaii a challenging edge case for shippers that requires bespoke strategies and careful thinking. A second layer of pricing. Once goods arrive in Honolulu, this marks the start of the real complexity.
The eternal problem is that you can receive timely, accurate information, but it’s tricky to know what to actually do with it. Koganti said this is the fastest-growing use of AI in supplychain, especially when it comes to forecasting, procurement and fulfillment. Timely, incisive articles delivered directly to your inbox.
Understanding SupplyChain Risks Economic downturns act as stress tests for supplychains, exposing vulnerabilities that may have gone unnoticed during stable times. Double-Edged Sword of Inventory Management: Declining demand presents a significant dilemma for inventory management.
Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supplychain. Collaboration across Tier 1, Tier 2, Tier 3, and beyond requires visibility and communication regarding capacity, cost, risk, order quantities, inventory levels, quality , timelines, logistics, and more.
By enabling seamless communication, automating tasks, and providing predictive insights, generative AI can significantly increase the accuracy of estimated times of arrival, and overall performance across the logistics supplychain. The parts are delivered mainly by rail, with inconsistent delivery times.
issued similar statements on June 10, saying their payment plans are aimed at promoting efficient capital flows across supplychains in the automotive industry. billion) worth of notes as of May 2023, the last time that BYD disclosed such information. Timely, incisive articles delivered directly to your inbox.
Managing a successful supplychain requires more than just ensuring products are delivered on time its about building strong, effective partnerships with your suppliers. Supplier collaboration is essential for optimizing supplychain performance and achieving long-term business success.
Supplychain reports are data-driven documents that provide key metrics and insights into various aspects of your supplychain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs.
Truth be told, the number of ways AI can strengthen your supplychain cannot be accurately measured, but there are several significant ones that leaders can initiate today. AI allows suppliers to review data in realtime, so they can stress-test scenarios, make changes and tweak their responsiveness.
Following are three strategies for using data to meet these challenging times. Now is an excellent time to develop organizational execution intelligence, which means using data and analytics to optimize operations across inventory management, pricing and promotion to squeeze every last ounce of efficiency out of your processes.
Will prices rise, and for whom? Will supply remain strong, or will we see empty shelves? Businesses must also consider the ripple effects on their inventory strategy; any change of supplier will change lead times. Yes, direct costs went up slightly, but overall distances and service times went down.
Whether youre upgrading an existing facility or installing automation for the first time, here are five tips to help you avoid common pitfalls and get the most from your investment. 1 Vet Automation Vendors for Real Flexibility Not all automation systems are created equal. Timely, incisive articles delivered directly to your inbox.
Discover how inventory planning software and improved lead time management can transform these challenges into competitive advantages. The 2025 Snapshot: Where Current SupplyChain Issues Stand Today's supplychain landscape presents significant challenges for businesses.
Pairing a dedicated Source-to-Pay (S2P) solution with ERP strengthens procurement by enhancing visibility into supplier performance, automating workflows, and enabling smarter decision-making. Real-Time Data Access and Analysis – Manufacturers must make quick and informed decisions to stay competitive.
That detour added up to 12 days of transit time and increased shipping costs by approximately $1 million per voyage, according to reporting from Bloomberg and Maersk’s own advisories. The knock-on effects included delivery delays, inventory shortfalls and price spikes across multiple industries. What can you do?
However, the real nuance comes into play when looking at a single mode of transport, particularly road freight. If it wants to move a four-pallet shipment between two locations in the U.S., It’s a good option for shipments that are too large for regular LTL but don’t justify the expense of a full or partial truckload.
That’s a crucial capability, at the time when consumers are displaying growing concern that their buying behavior might be supporting unethical labor practices and environmental degradation. Do the latter really care about where their products come from, or are they primarily concerned with price and convenience? And is that changing?
AI-First Automation: AI is built into every step, simplifying workflows, automating processes, and delivering real-time insights for compliance, onboarding, KYC/AML, contract management, and ESG initiatives. Real-Time, Data-Driven Insights AI analyzes live and historical data, providing actionable risk and compliance intelligence.
Vehicles are sidelined, drivers grow frustrated, and delivery times slip. Every time a fleet manager leaves, strategic initiatives are put on hold while a new leader starts from scratch, relearns the operation, and gets buy-in all over again. Strong supplier agreements and pricing structures depend on consistent leadership.
Driven by customers’ growing expectations for more options, companies are shifting from the traditional model of selling products and services on a one-time basis to offering a broader mix of solutions, services and pricing. But legacy customer relationship management applications were built to manage relationships, not revenue.
The last big geopolitical shock to the price and availability of crop nutrients — the start of the Ukraine-Russia war in 2022 — was followed by runaway food inflation and a severe strain on farmers. Mideast tensions have sent prices of urea up this week in the South American nation, according to Bloomberg Intelligence analysts.
Improving supplychain decarbonization starts with the fundamentals: making emissions visible, involving suppliers more directly and translating data into procurement decisions. Without a centralized view of supplier data, emissions profiles and energy procurement, companies face a visibility gap.
Moving from raw, unintegrated data to useful supplychain analytics is expensive — and it takes time. Enter 2025, and we’re facing another major supplychain challenge. This time, it’s not a global pandemic, but an administration’s uncertain and shifting stance on tariffs. Become an AI expert.
These costs cascade through the supplychain, raising consumer prices and squeezing profit margins. According to a National Retail Federation study , a 10% tariff on imported apparel can increase retail prices by 3% to 5%. Maersk, for example, uses blockchain to track shipments, reducing documentation errors by 20%.
The report found that most chief supplychain officers (CSCOs) were instead taking an unstructured approach, focusing on short-term projects instead of long-term, transformational strategies. When costs swing overnight, supplychains just don’t have enough time to recalibrate, resulting in empty shelves or surplus stock.
Having ascended to the C-suite, the CPO is critical to the organization’s ability to react to changes in taxation, pricing, geopolitics and sourcing strategies. Bowman, SupplyChainBrain Watch: How to Innovate Both Products and Their SupplyChains More from this author Subscribe to our Daily Newsletter!
Bowman, SupplyChainBrain Importers and exporters aren’t the only ones paying the price of tariffs. The reverberations from President Trump’s tariff war are being felt throughout global supplychains and trading countries. Timely, incisive articles delivered directly to your inbox.
And the fact that the agency is zeroing in on such practices at the same time President Trump is imposing high tariffs on most U.S. This memo is a clear signal to companies that it’s time to do that, and if they don’t, they’re going to get hit.” Timely, incisive articles delivered directly to your inbox.
Increased tariffs mean higher prices for raw materials and finished goods, but shipping, storage and handling costs often increase too, which threatens small- to midsized business (SMB) profitability — especially when up against larger competitors with more resources. Higher prices can alienate loyal buyers.
Supplychainvisibility is critical for enabling more accurate demand forecasting and smarter sourcing strategic decisions. These increases will likely hit middle- and lower-income consumers the hardest, as they are more sensitive to price fluctuations and may begin to reduce spending, even on essential items.
Mexico has unique, strategic advantages under the United States-Mexico-Canada Agreement (USMCA) and a favorable trade environment, “This positions Mexico as a reliable alternative for companies seeking to reduce exposure to trade friction and long lead times from overseas markets,” the report’s authors said. tariffs on non-originating goods.
It might mean setting up plants in Mexico or elsewhere in Latin America, aa means of cutting transit time and responding more quickly to changing patterns of demand. They can make selections based on an optimal mix of price, quality and geographic location. The conversations are becoming real,” he says.
These preferences were revealed in a recent survey of supplychain and operations leaders, conducted by Werner ® and SupplyChain Dive’s studioID. These preferences were revealed in a recent survey of supplychain and operations leaders, conducted by Werner ® and SupplyChain Dive’s studioID.
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tariffs since the 1930s, roughly six times higher than they were a year ago. consumers from price spikes. New York time. and lift core prices by 1.1% shores — all without driving up prices or cratering demand. But at an average of 15%, the world is still facing some of the steepest U.S. The S&P 500 fell 1.5%
Each activity also includes a Future Focus section, helping girls connect what they’re learning to real-world careers, and opening their eyes to exciting possibilities in supplychain, logistics, engineering and tech. Timely, incisive articles delivered directly to your inbox.
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