High inflation: uncharted waters for supply management

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With a long period of price increases possible, a proactive approach can help procurement professionals weather the storm. A growing economy. A tight labor market. Two of the biggest telltale signs of inflation have been evident in recent months, and concerns have been further fueled by two factors: tariffs and trade turbulence stemming from the Trump administration’s…
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What is supply chain inflation and why is it driving up consumer prices now?

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The interconnectedness of global supply chains means that when one price goes up, others tend to follow. Increases in labour, energy and transport costs are contributing to inflation around the world, posing difficult policy challenges. Back when we could travel easily, a regular announcement at airports all over the world was: ‘The airline would like…
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SUPPLYCHAIN DIVE

Furniture retailers forge new supply chain practices as backlogs, risks prevail

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India, Turkey and Mexico are among the new sourcing destinations emerging as companies seek to mitigate risks. Last year — amid port backups, container shortages and other supply chain nightmares — retailers and brands turned to the skies, sending demand for air cargo in 2021 up nearly 7% compared to 2019 by one estimate. Shipping shirts and…
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How to fix broken supply chains

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Supply chain challenges are real, but they’re not new, says global trade expert Dustin Burke. In the face of disruptions ranging from natural disasters to pandemics, how do we make sure supply chains can keep up? Burke offers a combination of solutions — from companies sharing risk to better forecasting disruptions — to help create…
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With Shanghai at a standstill, supply chain problems are compounding

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Concerns are rising that Shanghai’s lockdown is only the beginning of months-long challenges. After just over two years of a largely successful “zero-COVID” policy, China is facing its biggest test to date in the metropolis of Shanghai and the supply chain headaches that come with a massive lockdown. On Monday morning, the city reported a…
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China backlog, rising dwell times pose threat to Port of Los Angeles rebound

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The issues loom as cargo volumes are rising at the port, with more imports on the way. LOS ANGELES — Rail issues, rising container dwell times and a backlog of ships in China pose threats to continuing supply chain improvements at the Port of Los Angeles. Still, port and union leaders expressed confidence on Tuesday…
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