Management (228)

Sustainable Supply Chain: Balancing Profit and Responsibility

A sustainable supply chain refers to a strategic approach that focuses on integrating social, environmental, and economic factors to ensure the long-term viability of a company's operations. This concept recognizes the interconnected nature of supply chains and the importance of minimizing negative impacts while maximizing value creation. Companies aiming for sustainability seek to balance profit and responsibility by adopting practices that consider the environmental and social implications of their supply chain activities.


G7 Financial Meeting Discusses Need to Diversify the Global Supply Chain Industry

Supply chain discussions were front and center when the financial leaders of the Group of Seven (G7) convened  in Niigata, Japan on Saturday, May 13, 2023. The International Group of Seven is an intergovernmental political forum bringing together the most powerful nations in the world. The seven nations that make up the G7 are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.


Supplychain; What Did We Learn

According to the New York Federal Reserve Bank, international supply chain pressure continues to ease. As of March, The Global Supply Chain Pressure index indicated a reading of -1.06 – the lowest since August 2009.


Impact of Increasing Global Trade on Supply Chain Management in 2023

Global supply chains have become increasingly complex over the past few years as businesses embrace sourcing materials and components from multiple countries and regions. With the COVID-19 pandemic, the fragility of these supply chains has been exposed, and the need for businesses to adapt and become more resilient has been emphasized. As we enter a new era of logistics, here are five trends that will shape the future of global supply chains.


Strategies for Reducing Carbon Footprint in Supply Chain Management in 2023

As the demand for products and services continues rising with the increase in the global population, the carbon footprint caused by the demand for high manufacturing capabilities also keeps rising. This is a challenge in the management of the supply chain. For this to be reduced the environmental impact, businesses must find strategies to reduce their carbon footprint. Here are some strategies for reducing carbon footprint in supply chain management in 2023:


Eurora’s 2023 Predictions

The supply chain has been in flux for a few years now and that uncertainty is expected to continue but also improve in 2023.


The Impact of Global Trade Policies on the Supply Chain

Trade policies set by governments and other relevant bodies globally significantly impact the supply chain. They affect the movement of goods and services across borders while influencing the economic performance of businesses and different industries. Therefore, the development of policies needs to be done with the potential impacts in mind. With global trade being a critical component of the global economy that allows countries to access goods and services that they may not be able to produce domestically, the policies need to be developed with this in mind because it drives economic growth and development. However, recent trends in global trade have favoured a narrow range of suppliers, with a heavy reliance on a small number of countries, as the pandemic exposed the weaknesses of the current supply chains. This concentration of suppliers poses significant risks to the global supply chain, and there is a growing need for greater supply diversity. This article assesses the impact of global trade policies on supply chains by first looking into the background of global trade policies.


These 8 Practices Can Make Your Supply Chain Better

Supply chain management is an important activity that spans multiple business units, external vendors and internal structures of the organization. With the major trends in business today, like outsourcing, globalization and remote work, there are more supply chain complexities than ever witnessed. Despite this, many companies have not changed how they manage the supply chains, which is a critical part of many businesses. These eight practices can make your supply chain better.


Don’t Make These Common Mistakes in Your Supply Chain

If you are a supplier, manufacturer or retailer, the supply chain is an important component of your business that needs to be taken care of and understood. For most companies, managing supply chains is often a challenge. Most of them miss the opportunities by failing to have a supply chain that adds value because their processes have many errors that cost the company its time and money. Even if your supply chain is doing well, you might still be missing some important opportunities for optimization. The more you can correct these problems and void mistakes, the more your company will get the most from supply chains. Before you can correct the problems in your supply chains, you must first identify them. Here are some common mistakes in the management of supply chains.


Climbing the Supply Chain Career Ladder

Supply chain management is one of the careers that has grown over the years. A supply chain manager is an individual who oversees the ordering and delivery processes of raw materials, products and equipment, as well as other goods that a company needs to do business. A supply chain manager is a person responsible for linking different components of the supply chain, starting from negotiation with the supplier to placing orders, scheduling deliveries and ensuring the employer has all materials needed to meet the demand of the customer. For one to start a career in supply chain management, one should have a bachelor’s degree in business or management. Those with a master’s degree in business administration, especially in supply chain management, finance or engineering, have the upper hand.


Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.