Oracle's newly launched update for its Oracle Fusion Cloud Application Suite will help customers with supply chain planning, operational efficiency and financial accuracy.
The report also found that global transportation costs have fallen below their long-term average thanks to lessening pressures on shipping, rail, air and road freight.
The U.S. Customs and Border Protection agency signed a deal with the Customs Administrations of Guatemala and Colombia to establish a standard set of supply chain security requirements.
Late payments also add to the financial pressures impacting suppliers, with 42% saying they expect to face increased borrowing costs over the next 12 months.
Kearney’s “10th Annual Reshoring Index Report” showed 96% of CEOs are considering reshoring operations, have decided to reshore operations, or have already reshored operations in 2023.
Snowflake recently launched the Manufacturing Data Cloud which allows manufacturers to improve supply chain performances, product quality and factory efficiency.