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Sourcing/Procurement/SRM: Page 55

How to Build and Execute an Effective Supplier Risk Management Strategy

Managing a global supply chain has never been more challenging, with complex, ever-evolving regulations, increasingly frequent extreme weather events, volatile geopolitical crises, and sophisticated cybercrime.

Russian Oil Tanker Does Secret Cargo Switch to Dodge U.S. Sanctions

The SCF Primorye was sanctioned by the U.S. Treasury’s Office of Foreign Assets Control in October, after which it didn’t load oil again for about six months.

Suezmax tanker SCF Primoye transferred its cargo to the Ocean Hermana in the Riau archipelago, east of Singapore on June 3, 2024. Photo: Courtesy of European Union via Bloomberg

Ensuring High Availability of Supply Chain Apps and Data

How best can companies guarantee that they retain consistent access to their critical applications and data?

Photo: iStock / Andrey David Piza Pulido

Global Trade Is on the Rebound. Are Suppliers Getting the Benefit?

A “rebound” in global trade is underway, and the U.S. and China are the big beneficiaries, according to a new report. For suppliers, however, the news isn’t all good.

Image: iStock.com/thitivong

Germany May Pause Supply Chain Law For Two Years

A pause may be needed to ease the bureaucratic burden on companies until a European directive takes effect, Economy Minister Robert Habeck said.

Photo: iStock.com/Dina Ivanova

Why CFOs Hold the Key to Successful Software Selection

Chief financial officers are pivotal in navigating supply chain uncertainty. They must take a strategic approach to software evaluation to maximize investments and mitigate risks.

Photo: iStock/FG Trade

Auto, Steel Groups Urge Canada to Match U.S. Tariffs on China

Prime Minister Justin Trudeau and other Canadian officials have said they are monitoring the American tariff policy, but have not committed to following suit.

A 2024 Tesla Model 3 during the Montreal Electric Vehicle Show in Montreal. Photographer: Graham Hughes/Bloomberg

U.K. Clothing Exports Take Nosedive Since Brexit

Exports of clothing and footwear from the U.K. to the EU have dipped from £7.4 billion ($9.4 billion) in 2019 to £2.7 billion in 2023.

Photo: narvikk, iStock

Volvo Set to Roll Out Supply Chain Tracker for EVs

The new tracker will provide details on materials used for EV batteries, as well as the carbon footprint of the batteries themselves.

Photo: Sjo, iStock

U.S. South Accounts for Lion’s Share of Factory Construction Boom

U.S. construction put in place for manufacturing facilities has more than doubled in the two years ended in April.

The Hyundai Motor Group Metaplant America (HMGMA) electric-vehicle and battery manufacturing plant under construction in Ellabell, Georgia, US, on Thursday, Aug. 17, 2023. Those in the vicinity of massive EV and battery manufacturing plant projects are bracing for change. Photo: Stephen B. Morton/Bloomberg

CBP Intensifies Scrutiny of E-Commerce Shipments

Typically, the U.S. will allow shipments valued under $800 — known officially as Type 86 entries — to be imported without tax or duty payments.

Photo: gorodenkoff, iStock

‘Sustainable’ Procurement: More Than a Buzzword

Chief procurement officers must deal with complex global supply chains and disparate country standards, simply to ensure that all involved are adhering to sustainable practices.

Photo: ArtemisDiana, iStock

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

Mobile geolocation service for track delivery, cargo shipment and freight transportation. Logistic Import Export business (Elements of this image furnished by NASA)

Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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Moving Robots Site-to-Site