Supply Chain Content

Key to Supply Chain Innovation? Early Adopters of Technology Do Well, Study Says

SciQuest

With disruption upending every segment of business over the past decade, it may not be surprising that new research ties technological innovation to high supply chain performance. A 2018 web survey by Adelante SCM and BluJay Solutions found that over 80% of companies that identified as “innovators” or “early adopters” of new technologies also ranked their organization’s performance as slightly or significantly above average.

With Business Up But Politics Volatile, Uncertainty Is the New Certainty for Procurement

Deloitte Global CPO Survey 2016

Spend Matters welcomes this guest post from Naseem Malik, managing partner at TYGES International.

Life should be good for procurement professionals these days, if conventional wisdom is to be believed. Companies are hiring, spending and facing growth-related opportunities/challenges not seen in almost two decades. There’s renewed confidence with the business-friendly policies, and there’s a sense that a 4% GDP growth can be the new normal for the U.S. economy. But reality is not quite as rosy. From vitriolic trade negotiations to overnight tariffs, sanctions and currency fluctuations, companies are facing levels of volatility not seen in decades.

Intelligent Trade Finance: The Road Ahead

Spend Matters welcomes this guest post from Biji John, product manager, trade finance, at Finastra.

The trade finance industry is undergoing a unique moment of transformation. There is a virtuous circle between how the technologies of the fourth industrial revolution will enable trade financing, and how this in turn will power the innovation and adoption of these technologies in “Industry X.0.” In our last post, we explored ways in which AI, blockchain and the Internet of Things (IoT) will transform how trade finance is done. Here we explore some of the hurdles that banks face on the road to true intelligent trade finance, and provide some practical examples of banks that have overcome these challenges and serve as prime examples of intelligent trade finance in action.

A Big Green Idea: How Procurement Can Balance Profitability and Sustainability

External forces — from climate change to shifts in generational expectations — are causing businesses to take a hard look at the sustainability of their supply chains, and procurement organizations are uniquely positioned to effect environmental and financial change for the greater good, speakers said at Procurious’ 2018 Big Ideas Summit on Thursday in Chicago. In presentations from leading procurement professionals and supporting technology providers, speakers encouraged attendees to reconsider what was possible in the supply chain, including common misconceptions about sustainability.

Why Supply Chains Should Put Curbing Global Food Waste at the Forefront

More than 2 billion tons of food worth $1.5 trillion could be wasted in 2030, according to the Boston Consulting Group. It’s not an unrealistic estimate considering the 1.6 billion tons worth $1.2 trillion lost just three years ago. Food waste is a concept so vast and systemic that one must go beyond the individual impact and look toward how entire companies involved in the process – from production to consumption – can actively work in a way that helps solve a global crisis while attaining tangible business benefits.

Commodities Roundup: Excess Steel Capacity, Oil Prices and U.S.-China Trade

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

How Can Procurement Find Savings When Commodity Prices Are Going Up, Up, Up?

Editor’s note: This is part of the Ask Spend Matters series, where readers send in their burning questions about procurement and supply chain.

While going through questions that our readers have sent us, we came across one regarding how and where procurement practitioners can find savings when commodity prices are going up. The reader, a senior procurement manager, had noted that procurement’s primary task of finding savings is becoming difficult. This is an ever-relevant topic, and we enlisted the expertise of Stuart Burns, editor-at-large at MetalMiner, in coming up with some concrete tips for other procurement professionals facing this challenge. Read on!

Commodities Roundup: Catalytic Converter Thefts, A $200 Billion Tariff Announcement

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

Supply Chain Disruption and Customer Viability Top Finance Leaders’ Risk Management Worries

Finance departments are struggling to manage risk, a recent report from Dun & Bradstreet finds, and many finance leaders “believe their own efforts to manage, monitor and predict risk pose a moderate to high risk to their businesses.” In order to find out how today’s finance leaders are managing risk and what their future risk management plans look like, earlier this year Dun & Bradstreet commissioned a study of approximately 1,100 finance professionals, the vast majority of whom were based in the U.S.

Tariffs: A Black Cloud Marring the 2019 Commodity Outlook

There was one word that loomed over the proceedings at The Right Place/Supply Chain Management Council's Commodity Trends 2019 Outlook event Wednesday in Grand Rapids, Michigan: Tariffs. From the multiple expert presentations to numerous audience questions and comments on the topic, it didn’t take much to pinpoint the effects of tariffs as a recurring theme of the half-day conference, at which MetalMiner Executive Editor Lisa Reisman presented our 2019 metals outlook. Indeed, the current onslaught of tariffs — including those implemented under Sections 201, 232 and 301 of U.S. trade law — seemed to be one of the primary concerns on everyone’s minds.

Commodities Roundup: Shale Gas Expansion Slows, Europe Drops Solar Panel Duties

For the buyers and category managers out there, especially those of you deep in the weeds of buying and managing commodities, here’s a quick rundown of news and thoughts from particular commodity markets. From price movements to policy decisions, our MetalMiner editors scour the landscape for what mattered this week.

U.S. Pork Prices Hit Multi-Year Low

pigs

Spend Matters welcomes this guest post from George Duke, market analyst at Mintec.

Pork prices in the U.S. have fallen sharply since June, with August prices 40% lower month-over-month. Seasonal falls in pork prices can be expected for the late summer. This year, however, pork prices are falling at a more significant rate than the historical average.