Procurement
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Courtesy of Lowe's
Lowe's places larger orders with suppliers to avoid holiday stockouts
The hardware retailer says inventory levels are "actually getting better, not worse," as other companies struggle to navigate supply chain disruptions.
By Sarah Zimmerman • Sept. 16, 2021 -
Christopher Furlong via Getty Images
ColumnFacing shortages? Here's 5 ways to build a resilient procurement strategy.
Procurement teams can turn supply constraints into an opportunity to rebuild with sourcing in mind, writes Praveen Kumar Soni.
By Praveen Kumar Soni • Sept. 16, 2021 -
Bill Pugliano/Getty Images via Getty Images
Inventory levels jump as manufacturers hold onto work-in-progress products
Manufacturers of transportation equipment, computers and electronics need chips, which are in short supply, and some products are being held until critical components arrive.
By Max Garland • Sept. 14, 2021 -
Courtesy of Ford
Shutdowns in Asia sting Toyota, automakers and exacerbate chip shortage
Toyota will temporarily close nine plants this month, including those responsible for the Corolla and Camry sedans, according to an SEC filing.
By Sarah Zimmerman • Sept. 14, 2021 -
"Aerial Drone Photo of District 1 of Ho Chi Minh City, Vietnam with Buidlings, Constructions and no Traffic due to a Lockdown" by Marco Verch is licensed under CC BY 2.0
Vietnam closures push retailers to shift tactics, suppliers ahead of the holidays
Big Lots expects $60 million in lost sales due to lockdowns in Vietnam, which may last until the end of the month.
By Edwin Lopez • Sept. 13, 2021 -
Photo by Ketut Subiyanto from Pexels
ColumnMake HUB suppliers a key part of your domestic-oriented supply chain
Don't treat a HUB sourcing strategy as a burden. Here are 5 ways to incorporate historically underutilized businesses into critical spend and operations.
By Rich Weissman • Sept. 09, 2021 -
Alex Wong via Getty Images
Kraft Heinz fined $62M after SEC says procurement team misled finance
Employees allegedly negotiated almost 60 transactions with suppliers that were presented to the company’s controller group in misleading ways.
By Robert Freedman • Sept. 09, 2021 -
Spencer Platt via Getty Images
LA, Long Beach port congestion could disrupt $90B in trade: Russell
Solutions for a congested freight environment include shippers booking in advance even it means paying extra, carriers doubling orders for container ships and 3PLs adding drayage surcharges.
By Alejandra Salgado • Sept. 09, 2021 -
Adam Berry via Getty Images
CIOs vs. the supply chain: Laptop shortages threaten enterprise efficiency
Semiconductor shortages have become the bane of IT organizations' existence, forcing them to add flexibility to previously rigid procurement practices.
By Roberto Torres • Sept. 07, 2021 -
Paula Bronstein via Getty Images
Industrial buyers face a resin market with tight supplies, spiking prices
Demand for resins is far outstripping supplies, leaving manufacturers of plastic parts scrambling.
By Meena Thiruvengadam • Sept. 02, 2021 -
Permission granted by IFF
Locust bean gum's newfound success in food stymied by supply shortages
As demand for the versatile ingredient found in everything from ice cream to plant-based foods has increased, soaring prices have prompted some companies to look for cheaper substitutes.
By Christopher Doering • Sept. 02, 2021 -
Adeline Kon/Supply Chain Dive
5 years of supply chain disruptions and the lessons learned
Hindsight has the virtue of revealing opportunities we may have missed.
By Edwin Lopez • UPDATED: Sept. 15, 2021 at 11:12 a.m. -
Danielle Ternes/Supply Chain Dive
ColumnInflation: Negotiate with suppliers and don't panic
Tried-and-true methods can help procurement managers combat across-the-board price increases in an inflationary environment.
By Rich Weissman • Aug. 26, 2021 -
Scott Olson via Getty Images
Suppliers push price hikes through the chain in an inflationary environment
Passing costs on to the next buyer in the supply chain is the primary goal for manufacturers, but that isn't always possible.
By Matt Leonard • Aug. 26, 2021 -
Courtesy of CMA CGM
What retail executives are saying about widespread supply chain bottlenecks
From air shipping to ship charters to price increases, industry players are managing chaos at ports and throughout the global production network every way they can.
By Ben Unglesbee • Aug. 26, 2021 -
FG Trade via Getty Images
Sponsored by QuickbaseHow leaders are solving 3 key sourcing and procurement priorities in 2021
CPOs are identifying the right tools and processes to solve their biggest challenges for the rest of 2021.
By Kayla Mackay, Solutions Marketing Manager, Quickbase • Aug. 23, 2021 -
Justin Sullivan via Getty Images
Automakers work to increase transparency into semiconductor supply
Ford CEO Jim Farley said the company was working directly with semiconductor fabs, the first tier in the semiconductor supply chain.
By Matt Leonard • Aug. 19, 2021 -
Retrieved from Holdosi from Pixabay on April 23, 2021
Shortages and other challenges across liquor supply chain throw a wrench in summer rebound
"We’re at the mercy of the supply chain," said the CFO of Brown-Forman, the maker of Jack Daniel's and Woodford Reserve.
By A.B. Brown • Aug. 19, 2021 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart charters ships to ensure freight capacity, inventory for peak season
One ship leasing company referred to the charter market as "red hot" as it has signed 40 new charters so far this year.
By Matt Leonard • Aug. 18, 2021 -
Courtesy of Sysco
Sysco struggles with shipper delays, works to find alternative sourcing
The company's sales teams are asking customers whether alternate supplies could be used for products, while its merchant teams coordinate with suppliers.
By Matt Leonard • Aug. 12, 2021 -
ColumnSay hello to your pandemic price increase
Inflation, supply chain disruptions and changes in business strategies all point to higher prices. And that may be a good thing.
By Rich Weissman • Aug. 12, 2021 -
Bill Pugliano via Getty Images
Orders outpace invoices as bullwhip wallops manufacturing
Tradeshift's data shows that order volume from manufacturers has grown to more than double Q1 2020 as of June, increasing nearly 138%. But invoices have not kept pace, falling almost 12%.
By Matt Leonard • Aug. 10, 2021 -
Morris MacMatzen / Stringer via Getty Images
OpinionStress tests: The right tool for strengthening supply chains.
Simulations of potential disruptions — large economic shifts, trade wars, climate change or even cyberattacks — can yield forward-looking assessments of risk.
By Jonathan Welburn • Aug. 09, 2021 -
Kaarin Vembar/Supply Chain Dive
Under Armour on alert for product cancellations as sourcing challenges mount in Vietnam
A resurgence of COVID-19 in the country has Under Armour uneasy, but company execs said their diversified sourcing base adds resilience.
By A.B. Brown • Aug. 06, 2021 -
Alex Wong via Getty Images
SEC may require supply chain emission disclosures in expanded 10-Ks
SEC Chair Gary Gensler says a company, when filing mandatory climate risk disclosures, may need to measure carbon emissions across its "value chain."
By Jim Tyson • Aug. 05, 2021
