manufacturing supply chains Archives - Maritime Shipping News

SourceDay secures $31.5M to meet today’s procurement challenges

16 February 2022

Procurement collaboration enabler SourceDay has closed a $31.5 million series C led by Norwest Venture Partners with continued participation from existing investors including ATX Ventures, Baird Capital, Draper Associates, Ring Ventures and Silverton Partners to continue its efforts in linking global manufacturers, distributors and suppliers.

According to the Austin, Texas-based company, the average purchase order (PO) has a 52% chance of changing before it is delivered by the vendor. In order...

https://www.freightwaves.com/news/sourceday-secures-315m-to-meet-todays-procurement-challenges

Blume Global acquires procurement tech company LiveSource

4 January 2022

Cloud-based logistics company Blume Global announced Tuesday it has acquired supplier sourcing and procurement technology company LiveSource for an undisclosed amount.

Blume Global CEO Previnder Johar, who formerly served on the LiveSource board of directors, plans to leverage the company’s database of logistics providers servicing manufacturing facilities in North America, Europe and Asia in order to improve Blume’s existing suite of solutions.

“Blume is focused on supply chain orchestration....

https://www.freightwaves.com/news/blume-global-acquires-procurement-tech-company-livesource

Amid semiconductor shortage, resale markets take off

28 October 2021

Resale and secondary markets show growth amid semiconductor shortage

Here’s a crazy stat: If you wanted to buy a used car right now, there’s a good chance it would cost you more than a new model of that same car.

It sounds impossible, but that is exactly what is happening. With a shortage of semiconductors and automotive factories closing down left and right, new cars simply aren’t being produced, and that’s caused the value of cars on secondary and resale markets to skyrocket — to the point where they’re often more expensive than new cars.

But it isn’t just new...

https://www.freightwaves.com/news/amid-semiconductor-shortage-resale-markets-take-off

Why you should do your winter holiday shopping today

2 September 2021

Supply chain backups mean you should do your Christmas, Hanukkah and other holiday shopping now

Murphy’s law states that if something can go wrong, it will. Murphy never informed us that everything would go wrong all at once. Even the biggest pessimist couldn’t have predicted the scale of the supply chain issues that plague us today, but that doesn’t change the reality. The supply chain didn’t just fracture a pinky finger — it broke every bone in its body, and retailers are now scrambling to prepare their inventories for the busy winter holiday season.

For consumers, that means the...

https://www.freightwaves.com/news/why-you-should-do-your-winter-holiday-shopping-today

GSCW chat recap: Javid business development VP on operating in Mexico

22 February 2021

A screen shot of two men talking to each other.

This fireside chat recap is from Day 1 of FreightWaves’ Global Supply Chain Week. Day 1 focuses on the military, aerospace and manufacturing.

FIRESIDE CHAT TOPIC: Understanding the options for Mexican manufacturing and the aerospace industry

DETAILS: Opening up a manufacturing operation is challenging in itself, but imagine trying to launch in a country where you don’t know the laws or requirements to do business. Mexican shelter companies help answer the questions of the unknown. This session...

https://www.freightwaves.com/news/gscw-chat-recap:-javid-business-development-vp-on-operating-in-mexico

BDO: 22% of companies plan to reshore to US

10 February 2021

While optimism is returning to the economy, 83% of U.S.-based chief financial officers (CFOs) expect their company to take up to a year to recover, according to the 2021 BDO Manufacturing CFO Outlook Survey.

Of the 100 CFOs polled for the survey, 24% also said they plan to relocate their supply chains to another country in 2021, with the U.S. topping locations manufacturers saw as the most stable market to source materials.

The survey was conducted in September, polling 100 manufacturing industry...

https://www.freightwaves.com/news/22-of-companies-plan-to-reshore-to-us

FreightWaves announces Global Supply Chain Week virtual conference

23 December 2020

Toilet paper and cleaning supply shortages are just two of the memories Americans will have when 2020 is revisited. But the shortages revealed something else about America: how important the often unseen and rarely talked about (outside of the industry) supply chain is to the nation’s economic engine.

The supply chain finally got its due in 2020, and that spotlight will continue into 2021.

FreightWaves is hosting Global Supply Chain Week — actually eight full days total — of virtual content...

https://s29755.pcdn.co/news/free-global-supply-chain-week-virtual-conference-announced

US offers vaccine makers supply chain support as delivery tempo increases

17 December 2020

Split screen: Vial of COVID vaccine on left, FedEx truck on right. FedEx is helping to deliver vaccines.

U.S. officials say they are working with pharmaceutical companies to increase manufacturing capacity and production of COVID vaccines as the pace of order fulfillment to states picks up.

Another 886 hospitals and other administration sites are scheduled to receive their first shipments of the lifesaving drug Thursday, with long-term care facilities being added to the distribution list the next two days, Operation Warp Speed officials said during a press conference Wednesday.

FedEx Express (NYSE: F...

https://s29755.pcdn.co/news/us-offers-vaccine-makers-supply-chain-support-as-delivery-tempo-increases