Currently, it’s a shipper’s market. The quantity of freight in circulation is low, providing shippers with leverage. Transport companies are dropping rates to attract business.
Optimizing supply chain readiness and resilience will remain a top priority for the automotive industry in the coming year, as executives manage the convergence of political, economic and environmental risks.
Effective supplier collaboration is a key requirement for increasing maturity of supply chain operations. To address the needs for sharing more information in a more structured way, organizations typically end up deploying a number of supply chain applications and collaboration tools that collectively meet all of their requirements and use cases.
As businesses struggle to conform their supply chains to the ever-changing the needs of the market, they’re constantly reminded of one core truth: In the end, it’s all about the money.
Supply chain leaders looking to enhance operations with artificial intelligence need to start small with large language models, says Dave Evans, chief executive officer of Fictiv.
Mahindra will equip some of its five planned electric sport utility vehicles with components from Volkswagen’s MEB platform and unified cells, the carmaker said in an exchange filing February 16.
GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said.
The latest news, analysis, trends and solutions regarding sourcing, procurement and supplier relationship management (SRM) and their impact on supply chain management. New technologies in sourcing and procurement are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency, cut costs and build more strategic partnerships. Learn how companies around the world are using sourcing, procurement and SRM solutions for supply chain optimization.
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