Procurement departments and buyers that embrace proactive spending strategies are better equipped to reinforce supply chain resiliency in their organizations.
Chinese Telecom Equipment Vendors Face Trouble in the United States
Procurement professionals should examine the increasing risks when sourcing telecom equipment and services from Chinese companies, including regulatory compliance risks, intellectual property infringement, quality failures and political risks.
Service Sectors Lead the Way out of Recession
The hardest hit sectors are driving the recovery from the pandemic.
Uprooting Food Supply Chains Post COVID-19
Food supply chains need to be reinforced for the post-pandemic era.
Container Shortage Threatens Higher Shipping Costs
The COVID-19 (coronavirus) pandemic has had a domino effect on the global container and shipping industry that threatens to upend prices, lead times and procurement processes for the foreseeable future.
Ransomware Attacks on the Rise
Ransomware attackers are upping their game; it’s about time we start playing.
Biden’s Infrastructure Plan Aims to Transform Procurement
Biden’s proposed American Jobs Plan will utilize federal spending and procurement to reimagine infrastructure and rebuild a new economy, fundamentally transforming procurement standards and the way that corporations make purchases.
To Build or Not to Build: Steel and Lumber Prices Soar in the Rebounding Economy
In the aftermath of the COVID-19 pandemic, skyrocketing steel and lumber prices are setting off alarms.
Philosophies of Supplier Partnerships: What to do with rising supplier costs?
If inflation continues to place upward pressure on wages, how does our organization strategically navigate this environment of increasing costs? ProcurementIQ does a deep dive into what organizations should be thinking about when navigating potential wage increases and rising supplier costs.
Suez Canal Crash Further Destabilizes Global Supply Chains
While it’s unlikely to disturb this year’s projected economic growth, the Suez Canal blockage is yet another wake-up call to prioritize supply chain resilience.
Procurement and the Labor Market in 2021
Procurement professionals and hiring managers who closely follow trends in the labor market will be better equipped to contend with the growing deployment of a temporary workforce, increasing costs of attrition, mounting shortages of skilled labor and worsening labor market inequality.
When the Chips are Down: A Shortage of Semiconductors in the Auto Industry
A worldwide semiconductor shortage is plaguing the automotive industry.
Strategies for Strengthening COVID-19-Era Supply Chains
Problems continue piling up at ports, signaling that businesses should expect supply chain disruptions for many months to come.
Surging Shipping: Transportation Market Instability Spurs Rate Increases
Carriers have excelled in keeping pace with ever-changing realities during the pandemic, but not without costs to shippers and consumers.
MRO Markets are Looking Past the Pandemic
Heading into 2021, a number of trends are poised to disrupt business as usual in MRO markets, making it all the more pertinent to consider how MRO procurement strategies can adapt to shifting market norms.