Our annual Economy & Supply Chains issue explores expectations for the year ahead. The cover article offers a look at how all the variables impacting the economy make it difficult to predict. Other features highlight talent shortages and labor challenges, the complex balance of managing inventories, and how to take a smart consumption approach to managing indirect spend.
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Among economic data released on Friday, the Services ISM® Report On Business® was not the biggest headline, but it served as a potent second punch in quelling recession fears and fueling debate on how the U.S. Federal Reserve should respond.
The Manufacturing ISM® Report On Business® was released among a flurry of economic numbers on Wednesday morning and prior to a closely watched meeting of the U.S. Federal Reserve in the afternoon. The level of action in the PMI® data was appropriate for the busy day.
Dock-to-stock cycle time is a gauge of warehouse efficiency. Poor performance can indicate inadequate technology or mismanagement of a facility’s dock space and personnel. And the consequences are often felt downstream, in inventory management and order fulfillment.
With multiple forces that have pulled some companies into making layoffs while others are still desperate to hire, supply management employment issues have rarely, if ever, been more complex — and will likely remain so in the next few years.
After Russia’s invasion of Ukraine, companies and supply management organizations sifted through the fog of war to perform their most critical risk mitigation: removing employees and their families from a war zone.
Since moving to Canada about four years ago, I have had the opportunity to interact with many young professionals interested in building a career in supply management. I have often been asked, “How can I progress in my career?” and “What would it take for me to be successful in the supply management profession?”
U.S. cargo theft is a US$35 billion industry, according to the National Insurance Crime Bureau, and during the last two years, pilferage losses have increased exponentially.
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