Kelloggs Shifts to Sustainable Sourcing in Supply Chain Overhaul

Kelloggs Shifts to Sustainable Sourcing in Supply Chain Overhaul

Kellogg integrates sustainability into procurement decisions and corporate culture by establishing a Director of Sustainability, setting clear goals, and strengthening supplier partnerships, driving a green transformation across the entire supply chain. Its experience demonstrates that corporate sustainability requires full employee participation and sharing best practices to achieve a win-win situation for both economic and environmental benefits. The company's approach highlights the importance of a holistic strategy for promoting sustainable practices throughout the organization and its network.

Firms Diversify Supply Chains Amid Global Shift From China

Firms Diversify Supply Chains Amid Global Shift From China

Global supply chains are undergoing profound transformations as companies seek diversification to mitigate risks. A Kearney report indicates that 96% of CEOs are considering reshoring. The US has seen a surge in imports from Mexico, signaling the rise of nearshoring. While Asia remains a manufacturing hub, companies are reducing reliance on China, shifting to India, Southeast Asia, and other regions. Businesses should assess risks, diversify procurement, and leverage technology to build agile and resilient supply chains.

Chinese Firms Turn to Digital Tools for Global Growth

Chinese Firms Turn to Digital Tools for Global Growth

Facing growth bottlenecks in the domestic market, Chinese companies need to actively expand into overseas markets. Traditional foreign trade customer acquisition methods have shortcomings, making proactive customer acquisition crucial. Foreign trade customer acquisition software, exemplified by "TradeXiaoqi," integrates global data sources and AI technology to help companies efficiently identify procurement decision-makers, achieve scaled outreach, and automate business opportunity discovery. This builds a low-cost, high-efficiency, and reusable proactive customer acquisition system, enhancing competitiveness in overseas markets.

Emerge Benchmarking Helps Shippers Optimize Freight with Data

Emerge Benchmarking Helps Shippers Optimize Freight with Data

Emerge Benchmarking leverages machine learning to provide shippers with real-time freight market insights, optimizing procurement decisions, reducing costs, and improving efficiency. By using data-driven approaches, shippers can gain a deeper understanding of market trends and make more informed freight decisions. This leads to better negotiation strategies, improved carrier selection, and ultimately, a more streamlined and cost-effective supply chain. Emerge Benchmarking empowers shippers with the knowledge they need to navigate the complexities of the freight market successfully.

Amazon China Boosts Crossborder Ecommerce with Dualstrategy

Amazon China Boosts Crossborder Ecommerce with Dualstrategy

Amazon China leverages its dual-engine strategy of “Overseas Shopping” and “Global Selling” to rapidly develop its cross-border e-commerce business. “Overseas Shopping” provides Chinese consumers with a vast selection of authentic overseas products, while Prime membership enhances the shopping experience. “Global Selling” helps Chinese sellers expand into global markets and build global brands. Amazon is committed to being a bridge connecting Chinese consumers with quality global goods and Chinese enterprises with global retail and business procurement markets.

Shipping Rates Jump As Trade War Sparks Route Shifts

Shipping Rates Jump As Trade War Sparks Route Shifts

The international shipping market is affected by the trade war, leading to a short-term increase in freight rates. Shipping companies are adjusting routes to mitigate risks. Businesses need to closely monitor policies, diversify procurement sources, optimize supply chains, and strengthen risk management to adapt to market changes. The trade war introduces volatility and uncertainty, requiring proactive strategies for businesses involved in international trade and shipping to navigate the evolving landscape and minimize potential negative impacts on their operations and profitability.

Strategic 3PL Partnerships Boost Ecommerce Beyond Pricing

Strategic 3PL Partnerships Boost Ecommerce Beyond Pricing

Facing supply chain challenges, the traditional “lowest price wins” logistics procurement strategy is outdated. Companies should view 3PLs as strategic partners, building closer relationships through improved forecasting accuracy, technology enablement, and tiered management. This approach aims to create a more resilient supply chain, ultimately enhancing customer experience and corporate competitiveness. By moving beyond solely focusing on cost, businesses can foster stronger collaborations with 3PLs, leading to a more agile and responsive supply chain better equipped to navigate disruptions and meet evolving customer demands.

US Truck Import Probe Sparks Trade Protectionism Fears

US Truck Import Probe Sparks Trade Protectionism Fears

The U.S. Department of Commerce has initiated a Section 232 investigation into truck imports, raising concerns about rising trade protectionism. This action could increase costs for the trucking industry, exacerbating weak demand and overcapacity. Companies need to diversify procurement, improve efficiency, and expand services to cope. The investigation may also trigger trade friction, hindering global economic recovery, and requiring vigilance against the negative impacts of tariffs. The potential for retaliatory measures and disruptions to supply chains necessitates careful monitoring of the situation.

Trade Deals Cut Sourcing Costs for Global Manufacturers

Trade Deals Cut Sourcing Costs for Global Manufacturers

Multinational manufacturers can significantly reduce global procurement costs by effectively leveraging trade agreements. This paper proposes five best practices: in-depth understanding of regulations, building a regulatory database, optimizing supply chain connectivity, utilizing advanced technology, and continuous improvement. By implementing these practices, companies can lower tariff expenses and enhance their competitiveness in the global market. Focusing on these key areas enables businesses to maximize the benefits offered by trade agreements and achieve substantial cost savings in their international sourcing operations.

Stanley Black Decker Revamps Supply Chain Amid Lithium Battery Boom

Stanley Black Decker Revamps Supply Chain Amid Lithium Battery Boom

Facing surging lithium battery demand and supply chain challenges, Stanley Black & Decker is actively adjusting its procurement strategy. This includes diversifying suppliers, deepening partnerships, fostering technological innovation, and promoting recycling to ensure stable battery supply and contribute to sustainable development. This approach offers valuable lessons for other companies, demonstrating how businesses can adapt and innovate to address challenges in a rapidly changing market environment. The company's proactive measures aim to mitigate risks and secure a reliable source of batteries for its products.