El Niño can disrupt global supply chains by changing weather patterns, affecting agricultural production, transport routes, energy supplies and commodity prices. For procurement professionals, this can mean higher costs, longer lead times and increased supplier risk. You may have seen [Read More]
The relationship between supply and demand is becoming increasingly complex, and geopolitics plays a central role in shaping it. Political decisions, conflicts and international relations are no longer distant concerns. They directly influence how goods are produced, distributed and consumed. [Read More]
The ongoing Iran conflict has the potential to significantly disrupt global supply chains. As the Middle East is a key hub for energy production and international shipping routes, instability in the region can have widespread economic consequences. From rising energy [Read More]
The global trade landscape has once again been shaken by the Trump administration’s announcement of new US tariffs (Bloomberg, 2024). Aimed primarily at imports from key trading partners, these tariffs are set to significantly affect a wide array of goods, [Read More]
A company’s performance is heavily impacted by its supplier’s operations. Businesses can be negatively impacted when a supplier fails to meet the standard required. As such, it’s important to act quickly when faced with poor supplier performance, putting adequate processes [Read More]
What is Blockchain Technology? Also known as distributed ledger technology (DLT), Blockchain Technology was first created in 2008 to support the use of Bitcoin. This article will explore how Blockchain Technology works and the benefits it provides to business. How [Read More]
With modern slavery revelations worldwide, many organisations are being revealed as having less than ethical business practices alive and well in their supply chains. One of the areas that these scandals are hitting businesses the most is internally, as procurement [Read More]
There has never been a better time than post recession for professionals to get into procurement, with average salaries of over £41,000. Pay rises for procurement professionals are now outstripping the rest of the economy, so why is there still [Read More]
One of the key areas of debate currently in the procurement sector is the how e-commence can be harnessed to improve the efficiency of organisations and thus can be used to support the drive for organisation profitability. E-Procurement Defined Electronic [Read More]
Marketing Week once reported that marketing teams are losing their footing, as procurement's role in agency negotiations grows, with executives turning to procurement staff when finalising decisions. The facts of the article were based on a survey undertaken by 43 [Read More]
