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Think Tank
General SCM: Page 412
Will Procurement Finally Become Truly Strategic in 2024?
For most brands, 2023 hasn’t been a stellar year, and instead has been more one of consolidation and treading water. That’s not likely to change soon.
How Automation Can Help FMCG Supply Chains Weather the Storm
Fast-moving consumer goods (FMCG) supply chains continue to find themselves dealing with both labor shortages and external pressures due to global disruptions.
ArcelorMittal Signs $2.7B Natural Gas Supply Deal with Mexico’s CFE
ArcelorMittal said that the contract would provide its operations in Lazaro Cardenas in the state of Michoacan with gas from Waha, Texas.
Toyota Recalling 1M Cars Over Airbag Defect
The recall covers several types of Toyota and Lexus vehicles in the U.S. from 2020 to 2022, including Avalons, Camrys, Highlanders, RAV4s, Siennas and Corollas.
Red Sea Crisis Disrupts Ikea, Abercrombie & Fitch Shipments
Ikea said it’s looking for other options to secure the availability of its products, many of which normally pass through the Red Sea and the Suez Canal.
Ocean Shipping Gears up to Meet Low Carbon Fuel Target
The International Maritime Organization’s goal is that near-zero greenhouse gas emission fuels shall represent at least 5% of the energy used by shipping in 2030, while striving to hit 10%.
Orsted to Go Ahead with Building Giant U.K. Offshore Wind Farm
The final investment decision on the 2.9-gigawatt project shows that the offshore wind industry is picking back up after a crisis year.
Three Ways to Enhance Procurement Value Through Risk Management
From scenario planning to relationship building, procurement teams are in a new era of risk management that will be crucial for long-term success
.
EDI Compliance: Making or Breaking Supply Chain Operations
Supply chain organizations neglecting to meet EDI compliance mandates risk significant financial consequences, in addition to potentially damaging trust-based relationships with customers and partners.
How Generative AI Promises to Transform Procurement
As the landscape of supply chains grows increasingly complex and data-driven, the role of artificial intelligence becomes more critical in streamlining procurement processes.
Ocean Freight Rates Likely to Spike Because of Red Sea Crisis
Almost a fifth of global container trade has already diverted away from the Red Sea and Suez Canal.
Almost Half of New Passenger Cars in the EU are Electric
New car registrations in the EU increased by 6.7% during November, marking the 16th straight month of growth and a 13.3% year-on-year boost in terms of EVs registered.
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