Sourcing-related reading, selected by the Global Sources content team. Lead times at record highs and ‘still accelerating’: ISM The electronics and automotive industries remain beset by a shortage of supplies, according to the latest report from the Institute for Supply Management (ISM). In the semiconductor sector, backlogs will start to be reduced in 2022 […]
Friday links: supply chain tech, smart rings, genderfluid fashion, omnichannel retail (2 July 2021)
Sourcing-related reading, selected by the Global Sources content team. The Future Of Supply Chain Tech: Drivers, Trends And Opportunities “It’s important to note that the supply chain issues experienced last year were not solely caused by consumer behavior changes during lockdown,” Jess Schram writes for Forbes. “In fact, 40 percent of executives believe their exposure to supply chain […]
Ask the Experts is back! Your sourcing questions, answered.
Every month, our panel of sourcing experts will be getting together to answer the toughest sourcing questions you send in. Visit our Ask the Experts page to submit your questions for Mike and the panel. The most challenging and most vital questions will be covered in a subsequent edition of Ask the Experts. Curated by […]
How digital transformation is shaping the supply chain
The digital transformation of supply chains has been inescapable over recent years, but the COVID-19 pandemic accelerated digital adoption across industries. Amid travel restrictions, border closures and lockdowns, the world has had to rely on technology to cope and it has been crucial in navigating these challenging times. By leveraging digital technologies and increasing transparency […]
Rising Raw Material Prices: What Strategy To Follow? (6 Approaches)
What are the strategies you can follow to combat increasing raw material prices? I tried to come up with a shortlist of 6 strategy approaches that might make sense for you: 1. Basic sourcing: always looking for cheaper suppliers This one makes sense in some industries. Most apparel buyers seem to always be looking for the ‘cheapest […]