During a recession, when consumers stray from homebuying in favor of rentals, building activity slows and the construction sector eventually takes a hit. How can procurement in the construction sector prepare?
Trade disputes are here to stay
More than a year into Trump’s trade war, many businesses remain unprepared for the change in US policy. Procurement professionals need to start factoring in trade war headwinds to their operations. ProcurementIQ has identified several actionable takeaways that supply chain managers should consider.
Tariff Decision Tree - ProcurementIQ
With all of the tariffs being levied, it can be hard for purchasing professionals to be proactive and mitigate risk in a time of volatility. This decision tree from ProcurementIQ can help you know what questions to ask of your vendors.
Transportation Sector: Preparing for Economic Decline
Transportation is one sector of the economy that often relies on long-term contracts to control volatile input costs. Let's look at how recessions put pressure on operators within the transportation sector and shape their negotiation techniques.
Should businesses still outsource IT to India?
As market demand shifted to emphasize quality over cost, the competitive advantages that made India the global leader in IT outsourcing have slowly faded. So, should businesses still outsource IT to India?
USMCA & Three Tough Markets for Procurement in Canada
For Canadian businesses in the construction, automotive and healthcare sectors, USMCA and trade barriers threaten to challenge procurement departments. In this report, we take a closer look at the dangers to businesses in these three sectors.
Macroeconomic Update: January - March 2019
ProcurementIQ's quarterly updates are intended to help professionals better understand the broader purchasing environment and make strategic buying decisions. The January - March 2019 update focuses on commodity prices and trade.
Landowners Adapt to Construction Labor Shortages
As the construction sector faces heightened demand brought on by low interest rates, an expanding economy and more natural disasters, landowners have been forced to rethink sourcing strategies that were once the norm. This increased demand has left subcontractor firms stretched thin, leading to surging costs and a rise in project delays.
How the Longest Shutdown in US History has Shaken Business Confidence
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.
Falling Steel Prices: The Past, Present and Future?
In March 2016, when steel prices in the United States reached all-time lows of less than $400 per metric ton, most forecasters expected prices to soon rebound. The November presidential election results emboldened such lines of reasoning as calls for protectionism and infrastructure spending goaded the anticipation of steel price increases.
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.