This is your weekly supply chain bulletin from B2BE for the week starting 30th May 2023.
Each week, we bring you a round-up 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 supply chain bulletin here.
Here are the top stories making the news this week:
Indo-Pacific Countries Form Council to Address Early Supply Chain Disruptions
In a recent development, U.S-led talks have resulted in the establishment of a council comprising Indo-Pacific countries. The council’s purpose is to provide early warnings of potential supply chain disruptions. Reuters also reports that this collaborative effort aims to enhance supply chain resilience and enable proactive measures to mitigate risks.
Manufacturers Embrace Emerging Technologies Amidst Supply Chain Obstacles
Despite ongoing disruption and inflationary challenges, a significant number of Australian manufacturers are expecting to increase production levels in the next year. According to an article by CIPS Supply Management, 72% of manufacturers are investing in emerging technologies to monitor and manage their supply chains more effectively. This investment demonstrates their commitment to defying supply chain issues and striving for operational resilience.
Unveiling the Advantages of Smart Contracts in Modern Supply Chains
An article on Supply Chain Brain delves into the potential advantages of smart contracts built on blockchain technology. Smart contracts offer automated and secure agreements that can therefore streamline and optimise supply chain processes. The article highlights the benefits of increased transparency, reduced paperwork, and improved efficiency that smart contracts can bring to supply chain management.
Transforming Supply Chain Management in the UK Rail Industry
A recent white paper suggests that the UK rail industry could address problems with delays and service by revolutionising its supply chain management practices. CIPS Supply Management reports on the need for transformative changes in the rail industry to enhance supply chain visibility, improve coordination, and also ensure the efficient movement of goods and services.
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