As the global economy recovers from the post-pandemic recession, supply chain disruptions are still casting a long shadow. These disruptions significantly contribute to high inflation rates that have affected international markets for nearly 5 years. According to the Federal Reserve Bank of New York Supply Availability Indexes, while these disruptions have eased since the pandemic’s […]

During a period marked by ongoing economic unpredictability, rising inflation, and international disputes, companies face mounting challenges in managing supply chain expenses. A recent study revealed an eye-opening statistic: the cost of business logistics in the United States has soared to $2.3 trillion, accounting for 8.7% of the country’s GDP. Take the complexities mentioned above, […]

A recent Deloitte survey spotlights the growing importance of collaboration in supply chain management, with 69% of Chief Procurement Officers (CPOs) prioritizing risk management and resilience and 61% identifying supplier collaboration as a key strategy. This emphasis on collaboration reflects a shift in how businesses view their supply chains — not just as transactional networks […]