A November to Remember
Holiday cheer came early for automakers. In a story that underscores the need for flexibility in manufacturers’ supply chains, the New York Times reports the automotive industry enjoyed its best November in a decade. Economic factors such as low oil prices and interest rates, an improving job market, and a healthier economy, combined with timely promotions, played well for automakers. “It looks as though the market is coming…
4 deaths. $700M dollars. 7.8M vehicles. 50 models. 10 manufacturers.
Litigation. Regulation. Reputation. You pay a high price when part of your supply chain fails. For Toyota, Honda, Mazda, BMW, Nissan, Mitsubishi, Subaru, Chrysler, Ford, and General Motors, a recent failure by one of their suppliers means the automakers will have to recall a huge number of vehicles manufactured between 2000 and 2011. Each of those companies built vehicles with…
Last month, AAFA held its annual Omni-Retail conference in New York City. Panelists represented a diverse group of retailers and business models, while the premiere sponsors for the event were Price Waterhouse Coopers and GT Nexus. The speakers revealed some of their biggest challenges, ranging from customization to supply chain management, and their plans to turn these obstacles into opportunities. Here’s a look at conference highlights and the…READ MORE
I have to admit, I never fully appreciated the scale or potential of cloud computing when I first came across it. Partly due to my role during its infancy, I had little reason to fully acknowledge its presence or its impact on me or my customers. However, times change and I always admit that I can and do get things wrong. But I also believe that the majority of what is…READ MORE
The retail industry moves at unparalleled pace. With the presence of omnichannel allowing consumers to purchase whatever, however, and whenever they want, retailers are struggling to keep up with the latest technologies to ensure fast fulfillment across their channels. But what do retailers do when their ability to predict and forecast is as hard to pin down as the next best selling product? They must have a supply chain nimble enough to stay two steps…READ MORE
The hardest part about writing a year-in-review article is figuring out where to begin. Aside from the obvious, of course… “Just start in January!” The many stories that develop through the course of a year affect different audiences for different reasons, across different media. Boiling down the year into a series of chronological events often misses the broader themes and diminishes the resonance of specific messages. Instead, we listened to you in curating our most…READ MORE
Though slowed by the financial crisis of 2008, the trend toward globalization is once again on the rise, according to DHL’s latest global connectedness index. The world isn’t necessarily getting smaller. It is, however, becoming more tight-knit, and along the way, more complex. And advanced economies are failing to keep up with the shift of economic activity toward emerging nations.
Where in the past supply chains were a fairly small and geographically-focused challenge, they have increasingly become…READ MORE
In the fifth and final part of our SCF series, ChainLink’s Bill McBeath shares the operational and strategic benefits you can expect from a holistic supply chain finance program.
Reduction in Errors, Chargebacks, and Non-Value-Add Communications
Because everyone can view the same single version of the truth, there are fewer back and forth manual phone calls about status or disputes caused by discrepancies between different trading partners’ systems having different data on what actually happened. Furthermore, there…
Levi Strauss & Co. and the International Finance Corporation (IFC), a part of the World Bank Group, have partnered to help garment suppliers in developing countries become more eco-friendly and labor-conscious. Through the Global Trade Supplier Finance (GTSF) program, suppliers gain access to competitively-priced financing based on their environmental, health and safety, and labor standards score measured by Levi Strauss & Co.’s Terms of Engagement (TOE). The better the…READ MORE
The honeymoon is over. Reports by the IMF tell us that growth in China and other emerging markets will wane over the next several years. Meanwhile, emerging markets as a whole have become dominant players, accounting for over half the world’s GDP this year based on purchasing power. Global commerce relies heavily on emerging regions to consume and supply goods. What will the slowing growth of emerging markets mean for supply chains?