This is your weekly supply chain bulletin from B2BE for the week starting 3rd October 2022.
Each week, we bring you a rundown of the latest trends in the news from across the supply chain industry. We cover the issues most important to you, bringing you useful links to the full articles. This ranges from news on various supply chain disruptions to strategies to lessen the damage. We also include other relevant supply chain related updates. If you missed it, you can read last week’s edition here. Read on to see what’s making the news this week.
Will ’Friend-shoring’ help the current supply chain challenges?
‘Friend-shoring’ is the White House’s catch-phrase for reducing economic dependence on China and other authoritarian regimes. By tightening export controls on strategic goods, the hope is that it will incentivise companies to restore their production capacity shifting some of the need on logistics and lack of visibility, issues currently causing global challenges within supply networks.
M&S take control of its full supply network ready for peak trading seasons
Since the pandemic, global supply chains have struggled with multiple challenges. This has caused lack of products and no insight into visibility. Marks & Spencer Group has taken full control of its food supply chain by completing a £145m acquisition of its contract logistics provider.
Visibility the key to supply chain resilience
Legislature from the inflation reduction act is forcing businesses to track their supply chains, but could this benefit the visibility challenges that businesses globally are having with supply chains? Experts at the Automotive logistics and supply chain global event said that while being able to track and document where goods are and where they are going is a legal necessity there are also huge benefits over the whole supply chain.
Could Blockchain repair the global supply network?
The global supply chain issues aren’t just impacting businesses, they’re impacting the consumers to the end users. Where goods used to be stocked on shelves are now empty reminders. Today up to 80% of business data lives externally, modern supply chain IT solutions are needed to support this data and visibility. Could next generation blockchains that combine cloud and blockchain be the solution to help address the supply chain coordination issues?
Thank you for reading our weekly supply chain bulletin where we summarise the latest news! Is your organisation facing disruptions to your supply chain? If so, what strategies are you currently using to protect your transactions?
For years, B2BE has supplied a range of innovative solutions designed to automate and streamline processes across your company’s supply networks. If you would like to find out more, contact us.