Sat.Aug 10, 2024 - Fri.Aug 16, 2024

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CPO Crunch: The gold standard of supply chain sustainability

Procurement Leaders

In this Olympic year, it was fitting that we handed out some gold medals at Ovation – Procurement Leaders’ CPO summit that took place last month in the Netherlands. Sadly we didn’t have any real gold medals, but the construct of competition did provide the motivation for CPOs to recognise their peers who they believed were doing something extraordinary to drive progress in sustainability.

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Adaptability and Resilience: The Twin Pillars of Sustainable Success

Supply Chain Queen

Sustainability strategies often revolve around two key concepts: adaptability and resilience. Both are crucial for creating sustainable systems, but they approach challenges in different ways. Here’s a breakdown of how each strategy works: Adaptability Adaptability focuses on the ability of a system or organization to change in response to new conditions.

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USPS sees steep drop in expedited shipping demand

Supply Chain Dive

The agency's Priority Mail Services volume dropped by 40.7% for the quarter that ended June 30 as shippers moved to more cost-effective options.

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Fishing for Truth in the Seafood Supply Chain

Art of Procurement

Oceana is a marine conservation nonprofit that has focused on seafood mislabeling for years, or “fish fraud” as it is. The post Fishing for Truth in the Seafood Supply Chain appeared first on Art of Procurement.

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From Rigid To Resilient: Why Enterprises Need Shopify's Modular Commerce Now

Speaker: Benjamin Woll

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Shopify’s modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how Shopify’s composable approach helps modernize commerce stacks while maintaining control over critical systems.

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Unlocking Cost Savings with Foreign-Trade Zones

Supply Chain Brain

The concept behind Foreign-Trade Zones (FTZs) is not hard to grasp — they act as secured places for receiving cargo into the U.S. without incurring tariffs, yet. Then, there are multiple ways those tariffs can be reduced. And yet, many companies are failing to make the most of FTZs to reduce costs, because they’re intimidated by the legal and organizational hurdles.

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Supply Chain Digitalization is Fundamental to Retail Sustainability

All Things Supply Chain

A new study found that 90% of organizations are planning to enhance their ESG investments over the next three years, with a significant focus on improving data management systems using artificial…

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Leveraging supply chain disruptions to accelerate digital transformation

Spend Matters

This content does not express the views or opinions of Spend Matters. “Never waste a good crisis” is a phrase worth pondering in the realm of digital transformation for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change.

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Attempting Digital Transformation? Try Embracing Team Resistance

Supply Chain Brain

A survey from Gartner found that effectively responding to team resistance and incorporating feedback increased the odds of transformation success by 62%.

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The Role of Email Hosting in Modernizing Retail Supply Chain Communication

SCMDOJO

Effective communication is paramount for success. Retail supply chains are complex networks that require seamless coordination among various stakeholders, including suppliers, manufacturers, and logistics providers. Email hosting has emerged as a pivotal tool in modernizing these communication channels, enabling real-time collaboration and data sharing.

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FedEx rolls out pricier surcharges, new fees for 2024 peak season

Supply Chain Dive

The charges, some of which start in September, fall closely in line with what rival UPS unveiled.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Graphite Connect: Vendor Analysis (Part 2) — Supplier management product-level strengths and opportunities, voice of the customer, competitors and market analysis, user considerations, analyst commentary and summary

Spend Matters

Part 1 of this Vendor Analysis provides a history and overview of Graphite Connect’s supplier management solution and gives the solution’s roadmap/vision. Part 2 focuses on the strengths and opportunities of Graphite Connect’s solution. It also looks at the voice of the customer and the elements to consider when looking at Graphite Connect as a potential solution provider.

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Is the Trucking Industry Really on the Road to Recovery?

Supply Chain Brain

Are we finally seeing the end of the longest freight recession in recent decades? It’s the question on everyone’s mind — and has been for over a year.

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Leveraging Supply Chain Disruptions to Accelerate Digital Transformation

Arkestro

"Never waste a good crisis" is a phrase worth pondering in the realm of digital transformations for supply chains. Historically, major companies neglected supply chain transformation and digital investments until global disruptions, such as the Covid pandemic, forced a change. Amid these challenges, there lies an opportunity: supply chain crises can catalyze buy-in and funding for much-needed transformation initiatives.

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WK Kellogg plans $500M supply chain overhaul

Supply Chain Dive

The company is consolidating and updating its network, aiming at long-term margin gains.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Graphite Connect: Vendor Analysis (Part 1) — Supplier management solution overview, company background, platform and services overview, modules and application overview, roadmap and vision

Spend Matters

This Spend Matters Vendor Analysis provides an overview of Graphite Connect and its solution for supplier management. Part 2 of this Spend Matters Vendor Analysis will focus on the strengths and opportunities of Graphite Connect’s supplier management solution, present customer comments and list the elements to consider when looking at Graphite Connect as a potential solution provider.

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Port of Los Angeles Handles Record Cargo Volumes in July

Supply Chain Brain

Staring down the looming threat of a work stoppage at East/Gulf Coast ports, retailers have opted for earlier shipping schedules in 2024.

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Navigating Uncertain Waters: What Acquisitions Like Jaggaer Being Acquired By Vista Equity Partners Means for the Procurement World

Procurement Insights

EDITOR’S NOTE: 75% of all solution providers will be gone by the end of 2025. Based on the above post, I was asked to provide a high-level overview of my take on the pending AI Bubble Burst and identify three companies I thought would emerge relatively unscathed and whole. As I am not generally a fan of the M&A game—or, as I call it, market share grabs to boost portfolios with replaceable parts, e.g., solution providers—I could not ignore the timing of the Jaggaer acquisition.

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Fastenal’s digital procurement strategy drives e-business growth

Supply Chain Dive

By modernizing the process, the company said it is also reducing customer costs and improving efficiency.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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Enhancing Logistical Efficiency: Strategies for Improvement

SCMDOJO

The freight industry operates within a complex network characterized by numerous inefficiencies. To optimize operations, reduce costs, and minimize environmental impact, a multifaceted approach is required. This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities l

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World’s Biggest Steel Producer Warns of ‘Severe’ Industry Crisis

Supply Chain Brain

Global investors are lasered onto China’s struggling economy, even as they also contemplate the possibility of a recession in the U.S.

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4 Ways Upskilling Programs Can Help Reduce Employee Burnout

Skill Dynamics

Burnout is an issue that often remains silent until it’s too late. Heavy workloads, a skewed work-life balance, and a lack of overall job satisfaction can all contribute to feelings of unhappiness and exhaustion at work. One of the most powerful ways to combat burnout in your employees is to actively invest in their development. Upskilling programs give employees back a sense of direction and accountability in their work while showing them that the company truly cares about them.

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Amazon unveils 2024 peak season fulfillment fees

Supply Chain Dive

The added costs, starting in October, will come as the e-commerce giant gears up for a shorter holiday shipping season.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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How Procurement Consultants Enhance Business Success

Procurement Freelancers

Emerging businesses are always under pressure to streamline their processes, save expenses, and maintain a… The post How Procurement Consultants Enhance Business Success first appeared on Procurement Blog | Procurement & Supply Chain News.

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A Pharma Giant Invests in the Future of Tech for Managing the Cold Chain

Supply Chain Brain

If you’re looking to get a glimpse into the future of technology for managing the pharmaceutical cold chain, pay attention to where investors are placing their bets.

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Procurement Practice#3: NPV Analysis and Opportunity Cost

The Good Spending

In our earlier posts, we discussed the applications of NPV analysis and opportunity cost. Now, we have developed a business case to present the combined use of both methods. Base Scenario: Upgrade of a Key Component This business case evaluates the financial implications of upgrading a key component in a new product line over 3 years. The focus is calculating the Net Present Value (NPV) of such an upgrade and comparing it with alternative investment opportunities.

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Inflation slows to three-year low, clearing way for Fed rate cut

Supply Chain Dive

The central bank at a meeting next month is expected to weigh cooling inflation against signs that the labor market is loosening up.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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Global vs. Local Sourcing: A Procurement Team’s Guide to the Ups and Downs

Procurement Freelancers

Businesses must make the strategic decision to source locally or globally for their procurement needs… The post Global vs. Local Sourcing: A Procurement Team’s Guide to the Ups and Downs first appeared on Procurement Blog | Procurement & Supply Chain News.

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Three Ways to Combat the Demise of Customer Service

Supply Chain Brain

Procurement teams need to recognize their role in allowing service levels to fall, and to rethink how they approach their supplier relationships.

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IT Service Management (ITSM): Everything You Need to Know

Pipefy

IT services are now more important than ever, and the complexity of these services has also increased due to the increasing integration of new technologies into IT infrastructure. In addition, the growing need for secure solutions for remote work and uninterrupted connectivity have created unprecedented challenges in providing organizations with the resources they need to remain competitive.

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Air cargo resurgence unhindered by July global IT outage

Supply Chain Dive

Although the crisis caused rates to spike to their highest level this year, demand still increased 13% year over year during the month.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.