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.
Procurement Insider’s Macroeconomic Update: Q4 2018
Each quarter, ProcurementIQ prepares an update that identifies the most significant recent macroeconomic trends affecting procurement professionals. This quarter’s update focuses on tariffs, commodity prices and net neutrality, issues that are expected to substantially impact business purchases.
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.
Sourcing Strategies to Pump New Life into Healthcare Purchasing
Healthcare purchasing departments can relieve cost pressures and increase the quality of care by using procurement strategies that improve both sourcing efficiency and patient care.
After Years of Falling Prices, 2017 Marked an Explosion for Natural Gas
The incredible boom in natural gas production has led prices to decline dramatically during the past three years. However, 2017 was a pivotal year, as prices finally recovered in response to strengthening global demand.
Procurement Insider’s Macroeconomic Update: Q3 2018
This quarter, ProcurementIQ's update focuses on commodity prices, tax cuts and interest rates that can substantially impact business purchases.
Wood Pulp & Paper Prices Continue to Rise
Even though wood pulp prices are expected to reach historical highs in the coming years, it’s not all bad news. Paper-based packaging manufacturers are in a strong position to protect their profit margins, with rising demand for packaging products and solid negotiating leverage.
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.
New Year, New Bill: How Tax Reform Will Affect You in 2018 & Beyond
ProcurementIQ has identified a few industries that are likely to see the biggest impact from the tax bill. While many upstream businesses will benefit from higher demand, procurement departments will experience higher prices on several key products and services.
Negotiation Brief: HVAC System Construction & Maintenance
ProcurementIQ has identified several key questions procurement professionals should ask when selecting an HVAC construction and maintenance service provider.
Honeywell to Sell Off Two of its Lucrative Business Units
Honeywell customers should be wary of the takeover, which could increase market share concentration and erode negotiation leverage.
Gas and Globalization: How Rising Production Affects Buyers
ProcurementIQ expects rising globalization will boost competition among natural gas suppliers in the next three years, benefiting buyers with international operations.