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This issue of Inside Supply Management® delves into the future of supply management, with features that focus on the ASEAN region and its supply chain strengths, how Chinese factories are staying resilient amid trade turbulence, and how companies see the need to shift production but not all are reshoring. A fourth feature looks at the six trends shaping the warehouses of the future.
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The roundtable of experts from Institute for Supply Management® (ISM®) discusses what procurement organizations can be thankful for, even with continuing uncertainty on such issues as tariffs and if/when to reshore.
According to an analysis of the U.S. Census Bureau trade data by The New York Times, nearly 50 percent of imports to the U.S. are subject to steep tariffs.
The consequences of tariffs are similar to those of natural disasters, Oliver Hedgepeth, Ph.D., professor at American Public University System in Richmond, Virginia, says.
For supply chain professionals and freight companies, the path to a ‘golden opportunity’ is often littered with hazards, and successful navigation involves weighing trade-offs and playing the long game.
According to Xeneta’s analysts, global average spot rates are expected to fall by 25 percent over the full year, while long-term contract rates will decrease by 10 percent. This downward trend is not occurring in isolation.
The Association of Southeast Asian Nations (ASEAN) is an emerging force — as a region and as individual countries, each with their own supply chain strengths — that bridges East and West.
The author’s tour of Chinese factories reveals how companies are staying resilient amid trade turbulence, through a CORE framework rooted in principles that have evolved over centuries.
While some companies are shifting sourcing and production to the U.S., others remain cautious amid economic uncertainty, labor shortages and long ramp-up timelines.
Facilities are rapidly evolving into hyperconnected ecosystems, with automation, flexible technologies and new worker roles redefining how products move from ‘buy now’ to delivery.
From employment to inflation, the monthly ISM® PMI® Reports (formerly the ISM® Report On Business®) have been ‘where you see it first,’ thanks to survey panelists who are on the front lines of the U.S. economy.
A panel of three sustainability professionals discussed their companies’ strategies regarding sustainability reporting and preparing their companies for climate change implications during a recent Reuters webinar.
The progress of women’s representation in the supply management profession has stalled, but numerous strategies, some as simple as being true to oneself, can help individuals — and organizations — move forward.
The fallout from recently enacted tariffs is reverberating across the globe, with consequences for consumers, manufacturers and trade-dependent economies.
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Hemant Porwal, CPSM, CPSD - Executive Vice President, Supply Chain and Operations. WESCO International, Inc.
Judith (Judy) Whipple, Ph.D.- Bowersox-Thull Endowed Professor in Logistics and Supply Chain Management, Michigan State University
Sopan Shah - Senior Vice President, Global Chief Procurement Officer, IHG Hotels & Resorts
Susanna Zhu - SVP, Global Sourcing & Supply Chain Ops, Bath & Body Works
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