This week’s announced deal related to Brexit include a set of initial agreements that will now allow negotiations to advance toward specific trade issues. Industry supply chain teams should have some cautious sense of relief but must remain tune-in to ongoing developments and implications.
Procurement and Sourcing
The ocean container shipping industry continues to manage its way out of an ongoing multi-year condition of too much excess shipping capacity. However, one of the prime European banks that was instrumental in financing ship acquisitions is bearing the risk and now the consequences.
The November numbers are in and there is solid evidence that industry supply chains across the globe, with few exceptions, have reached significant highs in manufacturing and supply chain output levels. Industry teams are incredibly busy and optimistic in their planning for 2018. But again, Supply Chain Matters needs to call attention of the caution signposts.
When multi-industry procurement and accounts payable finance teams assess their overall purchase-to-pay (P2P) processes, they can often find areas of bottlenecks and friction. In many cases, the culprit is paper-based or manual-driven exception processes. Such friction leads to added inefficiencies, strained relationships and added costs from multiple areas. They often stem from classic organizational, process and technology enablement barriers.
Supply Chain Matters concludes the series for self-scoring each of the 2017 Predictions for Industry and Global Supply Chains published at the beginning of this year. In this Part Six final update, we revisit our industry-specific predictions related to B2C and Retail, Apparel and Footwear, Pharmaceutical and Drug supply chains.