Companies are always going to face the unexpected and unpredictable. The hard part is knowing how to prepare for these supply chain trends strategically.

The objective is to provide a neutral open library of geofences linked to container handling facilities to ensure that all parties in the supply chain can reference the same geofence for a facility.

The government should develop new water interconnections and transfers between basins and invest in expanding and modernizing water storage as well as irrigation infrastructure, Fiab said in the statement.

While they still have some operating leverage, shippers should start preparing for the market turn.

The difference between a value chain and a supply chain is that the first includes more of a feedback loop from the end consumer, according to Elsy Ocejo, vice president of supply chain at Illes Foods.

The review, which was originally scheduled for 2024, will take place this year to ensure strong and resilient Australian supply chains.

The agreement will involve five vessels of 6,700 TEUs each, with MSC managing three of the ships.

RWE Offshore U.S. Gulf LLC won a 102,480-acre (41,472-hectare) tract near Lake Charles, Louisiana for $5.6 million after just two rounds of bidding.

The investors said they're concerned that not enough firms have shared their findings related to modern slavery in supply chains.

India has recently ramped up restrictions on rice exports as the nation tackles rising food costs before an election in 2024, prompting speculation about which commodity might be next.