On March 29, British Prime Minister Theresa May officially set into motion the exit of the United Kingdom from the European Union, beginning a two-year period of negotiation and closure. The clock is ticking.
Analyst Insight: Many countries have struggled to regain the economic prosperity they experienced before the 2008 financial crisis. Stemming from the frustrations of slow economic growth, a wave of populism is spreading across many countries, and perhaps one of the most startling results has been Brexit. Populism does not necessarily mean the end of globalization, but instead changing globalization that is evident as supply chains are adapting to the new environment. - John Haber, CEO, Spend Management
The ability to monitor the behavior and condition of one's suppliers depends on having access to hard numbers. But a surprisingly large percentage of companies lack this critical data.
It was almost a major faux pas in sports-mad Australia - Chinese Premier Li Keqiang arrived at an Australian Rules football match in Sydney wearing the blue, black and white scarf of interstate rival Port Adelaide Power.
Analyst Insight: There are a few risk-mitigation methods that can improve the bottom line, and they have been around for some time. They are Product Portfolio Management (PPM), Customer Value Management (CVM), Total-Cost-to-Serve (TCS) and Gross Margin Return on Inventory Investment (GMROII). -
Gregory Schlegel, executive-in-residence, Center for Supply Chain Research, Lehigh University
U.S. seaports are joining forces, setting aside decades of regional competition over cargo as a wave of consolidation in the shipping industry threatens to cut some cities out of global trade routes.
Analyst Insight: You design a product, source it, build it, store it, ship it, and your consumer enjoys it... then what? It is inevitable that at some point the original intended use will be over and the product will reach its end of life. What happens now is a topic that is piquing the interests of many traditional and non-traditional supply-chain players. The challenge lays in how to efficiently reintegrate or disposition these products. - Melissa Hadhazy, associate partner, Infosys Consulting
The Trump administration appears poised to cement China's unfavorable status in trade cases, making Chinese goods eligible for higher U.S. tariffs well into the future.
The latest news, analysis, trends and solutions regarding global trade management software and systems and their impact on supply chain management. New developments in global trade management software - which streamlines logistics and business processes related to cross-border trade - are transforming the way companies operate and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using global trade management solutions for supply chain optimization.
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