Monday, January 8, 2024 · Jason Miller and Yemisi Bolumole
The bullwhip effect is used by many economists to explain current inventory market dynamics, but it is another term – inventory accelerator – that more accurately reflects what is happening.
The Services PMI, at 50.6 (a reading of 50 or higher signals growth), fell 2.1% compare to November’s 52.7 reading, growing, at a slower rate, for the 12th consecutive month. ISM observed that the services sector and the overall economy have each been growing, at a slower…
Disruption has significantly altered the landscape for procurement leaders, challenging their ability to maintain stable supply chains and make strategic decisions. There are some options, though, to help mitigate the challenges.
The report’s benchmark metric, the PMI, came in at 47.4 (a reading of 50 or higher indicates growth), up 0.7% over November’s 46.7, contracting, at a slower rate, for the 14th consecutive month. The past 14 months of contraction were preceded by a stretch of 28 consecutive…
While nearshoring can be a risk mitigation tool, it’s important for businesses to consider the differences between countries, including cultural, trade and even weather patterns, which can lead to road closures or weight reductions.
Nearly 75% of companies plan to reduce their share of sourcing from China, with the U.S. and Mexico appearing to be the big winners according to an AlixPartners survey.
As we head into 2024, top 10 supply chain lists feature the usual suspects: technology, visibility, AI. But a focus on talent is needed to ensure the investments in these more high-profile areas provide value.
The Association for Supply Chain Management has introduced a new resiliency certificate that will train leaders on the concepts, practices and trends in building resilient supply chains.
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