Lance also cautioned the federal government against any significant changes to the tax structure, saying it could have dire consequences for oil and natural gas investments.

Supply chains inherently face levels of uncertainty. Meeting revenue targets, satisfying customers, and containing costs rely on companies being able to minimize that uncertainty and solve problems quickly and effectively.

KURU Footwear has experienced steady, organic growth of roughly 10 to 15% every year for over a decade. But since the pandemic, sales have exploded.

Inflation is raging at an annualized rate of well over 8% and worker shortages and wage increases — at over 5% — are also increasing corporate costs and negatively impacting profitability.

Trade compliance has always been a dense thicket to navigate, and fines for failing to do so can up-end a business. Now, it’s more complex and fast-changing than ever.

The cross-border ecommerce market is expected to exceed US$2 Tn by 2026, with a CAGR of over 17% due to increasing consumer confidence in buying goods online from other countries.

Manufacturers and retailers often source materials, components or finished products from low-cost countries to improve cost-competitiveness, despite the greater risk of trade wars and other disruptions in extended, global supply chains.

It’s usually because many people don’t know the difference between inventory fulfillment in an Enterprise Resource Planning (ERP) and a dedicated, modern warehouse management software system (WMS). These two systems go head-to-head in this guide from Deposco.

Keeping excess inventory as a safety strategy is a losing proposition for companies. It doesn’t work because companies often hold inventory that’s not usable or is obsolete, representing a dead loss, sometimes on the order of tens of millions of dollars a year, to the company.

Implementing intelligent materials systems that are simple, purpose-built and sustainable is important when embarking on an effort to optimize supply networks.