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Top StoriesFactbox-How companies are responding to attacks on ships in the red sea
Red sea shipping workarounds add costs, delays for suppliers, retailers
Date: December 28, 2023
Red Sea shipping workarounds add costs, delays for suppliers, retailers By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea. Suppliers...
Could AI help santa’s supply chain challenges?
Date: December 18, 2023
Could AI help Santa’s supply chain challenges? By Tim Woodman, Sales director at SpendConsole Imagine if ‘Team Santa’ was a real entity and it’s their busiest time of the year. Failure is not an option. If logistics and supply chains fail, kids across the world will be throwing gargantuan tantrums. The stakes couldn’t be higher...
Citi CEO fraser touts ‘clear benefits’ of diversifying supply chains
Date: November 16, 2023
Citi CEO Fraser touts ‘clear benefits’ of diversifying supply chains (Reuters) – Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their supply chains, and the increased focus on diversification is leading to “clear benefits”, Citigroup CEO Jane Fraser said on Thursday. Since the COVID-19 pandemic and Russia’s invasion of Ukraine shattered...
Safran CEO sees supply chain pressure through 2024
Date: September 22, 2023
Safran CEO sees supply chain pressure through 2024 PARIS (Reuters) -Global aerospace supply chains will remain under pressure throughout 2024, Safran CEO Olivier Andries said on Friday. “We remain in a difficult situation with the supply chain. (The) problems are not solved and will broadly last throughout 2024,” he told the AJPAE French aerospace media...
JLR taps everstream analytics’ AI to dodge supply chain problems
Date: June 19, 2023
JLR taps Everstream Analytics’ AI to dodge supply chain problems By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker’s system to help avert future global supply issues. The new AI technology,...
Tesco to charge online, booker suppliers new fulfilment charge
Date: March 13, 2023
LONDON (Reuters) – Britain’s Tesco has told the suppliers of its online and Booker wholesale operations that they will need to pay a new fulfilment charge if they want the country’s biggest retailer to sell their products. Suppliers could face consequences if they don’t agree to pay the new charge, per an e-mail to Tesco...