Force majeure clauses are intended to protect parties to a legal contract from losses caused by disruptive events beyond their control. But supply-chain partners might be surprised to learn what such language doesn’t cover.
With advances in technology driven by artificial intelligence and the creation of data lakes, organizations are coming to recognize their value to industrial production.
Importers bear the burden of complying with all U.S. laws and regulations when their goods enter the country. Failure to exercise reasonable care in this effort can result in long delays in the release of merchandise, and the imposition of stiff penalties.
Artificial intelligence has the potential to radically change just about everything for the better. But there are a number of obstacles to its successful adoption in the supply chain.
Contract price misalignment is among the leading causes of pricing issues in the healthcare supply chain. Price discrepancies are costing healthcare providers more than $92m annually.