A major benefit of using smart contracts is that they can be drawn up in minutes rather than hours or days, as with traditional contracts.

Through the first four months of 2023, the Port of Los Angeles processed over 2.5 million TEUs, a 29% drop-off compared to the first four months of 2022.

Stellantis NV, which employs 5,000 people in the U.K., said it’s unable to meet local requirements because of rising material costs and a lack of U.Kbattery supplies.

The GEP Global Supply Chain Volatility Index fell from 0.32 in March 2023 to -0.04 in April 2023, meaning supply chains have become less volatile.

Despite the negative backlash that lean management strategies and JIT have received in the wake of the COVID-19 pandemic, these strategies can still be effective.

Total dependency on China by U.S. manufacturers doesn’t work. Diversification is key.

Key to any digitalization effort is connecting all data, decisions, and operations and enabling the community of internal and external users and partners to make better and faster supply chain decisions.

Business customers are now behaving much like consumers, with procurement professionals becoming accustomed to the “Amazon experience” they get when they order merchandise for the home.

Virginia Governor Glenn Youngkin hopes to form supply chain relationships with "friends" of the U.S. so that his state won't have to rely on Chinese suppliers.

Companies make thousands of decisions a day about what to produce, where to put product and what to promote. But they often make those decisions based on very limited information.