A shutdown lasting over a month is worrisome, according to economists. This past shutdown lasted 35 days, which is the longest in US history. How does an impasse like this affect businesses and supply chains?
ProcurementIQ Macroeconomic Update Q2 2019
Each quarter, ProcurementIQ prepares an update that identifies the most significant recent macroeconomic trends affecting procurement professionals. ProcurementIQ's updates are intended to help these professionals better understand the broader purchasing environment and make strategic buying decisions. Q2 2019 focuses on commodity prices, trade and interest rates.
Brexit Update: Still More Questions than Answers
It’s been more than two years since British citizens stunned the world and voted to sever ties with the European Union. There is still not a clear path forward on a deal for the two sides just months before the March 29, 2019 deadline. A no-deal Brexit would open up Pandora’s Box for British and European markets.
ProcurementIQ Macroeconomic Update July-Sept 2018
Each quarter, ProcurementIQ prepares an update that identifies the most significant recent macroeconomic trends affecting procurement professionals. ProcurementIQ's updates are intended to help these professionals better understand the broader purchasing environment and make strategic buying decisions. This quarter’s update focuses on commodity prices and tariffs, which are issues that are expected to substantially impact business purchases in the coming months.
Recent Tariffs Highlight Need for Comprehensive Supply Chain Management
If there is one takeaway for the procurement world in the wake of the Trump Administration’s announcement of tariffs on steel and aluminum imports, it’s that supply chain disruptions aren’t a question of if, but rather when?
All Roads Lead to Price Growth: Navigating Rising Trucking Costs
In December of 2017, the electronic logging device (ELD) mandate officially went into effect, ending all efforts to delay the law and the anticipated trucking price hikes that were certain to come with it.
Nerves of Steel: New Tariffs Could Raise Costs & Upset Trade Agreements
Recently imposed tariffs are expected to affect a multitude of industries in the short term. In the long term, it is the reaction to those tariffs from other countries that poses the largest threat to procurement departments. Procurement professionals should be wary of how purchasing strategies for the products or services they rely on may be affected.
Amazon Business: A New Way to Procure
Our analysts took a look at the Amazon Business platform to see how the ecommerce behemoth is attempting to make it easier for businesses to purchase products from one another to correct some of the current inefficiencies within the B2B procurement space.
The Future is Here: Blockchain, Smart Contracts & Procurement
If you are a procurement professional, you rely on making decisions quickly. The quality of your decisions is based on the quality of your data. Learn more about how smart contracts and blockchain come into play.