Webinar: How the Digital Model of Your Supply Chain is Like a Planning a Potluck

Posted by Kelsey Barker

Imagine you're planning a potluck. Each friend is assigned to bring their specialty - a tasty homemade dish, the centerpiece honeybaked ham, their secret-recipe apple pie - and you, the host, need to coordinate it all. Thing is, one of your friends is in Vietnam. The other is on a cargo ship in the North Pacific. And the only tools you have at your disposal are a fax machine and an Excel spreadsheet that no one else can see. How is your potluck going to be a success?

Of course, that's not how anyone plans a party these days. Individuals can easily communicate and collaborate across borders to share plans and ideas instantly. But creating a digital model for your company's global supply chain is a lot more complex than simply downloading Venmo. You'll need to transform your entire ecosystem and technology stack - no simple task.

Who should be included in your new digital model of your supply chain, what will they contribute and how will that be shared and consumed? What are the benefits?

It's just like a potluck, only a lot bigger. And more complex. 

Join ARC Advisory Group and Amber Road for a webinar to discover how you can begin to build a truly digital supply chain.

Webinar: Building a Digital Supply Chain is Like Hosting a Potluck:  What You Need to Know

Wednesday, October 24, 2018 at 2PM EDT

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Topics: Order Collaboration, Supplier & Product Traceability, Global Supply Chain, Supply Chain Visibility, Supplier Management

What is Global Sourcing?

Posted by Joseph Gabro

An entire article answering a simple question – how preposterous, right? While this question could usually be answered in a sentence or two, the current global trade landscape makes it a bit more difficult for everyone to understand. Sourcing executives are now, more than ever, struggling to balance quality and speed with the ever-changing trade regulations, global competition, and general uncertainty in trade.

Business Dictionary defines global sourcing as, “A procurement strategy in which a business seeks to find the most cost-efficient location for manufacturing a product, even if the location is in a foreign country.” But is it really that simple? And how can you master it in 2018 and beyond?

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Topics: Global Sourcing, Sourcing Optimization, Supplier Management, Product Management, Sample & Costing Management

Could NAFTA Change Global Sourcing Forever?

Posted by Joseph Gabro

I hope you got your holiday shopping done early this year, because prices could be rising soon! With the North American Free Trade Agreement (NAFTA) going through rounds of negotiations, global trade professionals can only watch and wait to see what happens. The threat of a NAFTA withdrawal is real and could have revolutionary consequences - disrupting supply chains that link their domestic imports and manufacturing operations with suppliers in Canada and Mexico. Are we going back in time to the days where we strictly manufactured and sourced goods locally? What exactly would the consequences be? Could the new NAFTA change global sourcing forever?

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Topics: Global Sourcing, Sourcing Optimization, Supplier Management, Product Management

Beating Stormy Weather: Supply Chain Resiliency

Posted by Gary M. Barraco

Hurricane season is upon the Western Hemisphere, and 2017 looks to be a record-breaking year. Before Hurricane Irma barreled through Florida, where businesses, government agencies and residents were braced for the deluge, it leveled small islands in the Caribbean with high winds, leaving chaos in its wake. A few states over, the floodwaters of Hurricane Harvey may be receding but the price tag is rising to a multi-billion-dollar record. Unfortunately, ongoing disasters are not just attributable to hurricanes. In the western U.S. and Canada, wild fires continue to encroach upon civilization, spelling destruction for homes and businesses in their path. Mexico’s strongest earthquake in a century left dozens dead and buildings destroyed. 

The west isn’t alone in facing life-threatening weather conditions. Heavy monsoon rains paralyzed Mumbai, India's financial hub, flooding streets and disrupting land, air and road traffic. In the Pacific, Macau is suffering an economic loss of US$1.42 billion in the wake of Typhoon Hato, and the Hong Kong Observatory expects three more typhoons to sweep in over the coming weeks.

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Topics: Global Trade Management Software, Supply Chain Visibility, Production Management, Transportation Management, Supplier Management

Why Multi-Tier Supplier Collaboration Is More Important Now

Posted by Kelsey Barker

Real-time visibility into your global suppliers is no longer a pipe dream. Market leaders in every industry segment have visibility not just into their important tier 1 suppliers, but also a limited cross-section of their tier 2 and tier 3 suppliers as well. Enterprise-class technology solutions that offer flexibility and visibility at every step are a required part of every agile company’s playbook to stay ahead of the game in 2017 and beyond.

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Topics: Supplier Management, Supply Chain Visibility, Product Management, Risk and Quality Management

Why Multi-Tier Supplier Collaboration is Gaining Importance

Posted by Gary M. Barraco

It’s obvious to many that global trade enforcement is topping the list of “To Do” tasks for the new U.S. administration. However, many do not realize that this is widespread all around the world and feels a lot like a protectionist measures. President Trump is no longer just talking about aggressive action- his budget plans, formation of new task forces, and cabinet picks all echo his vow to crack down on unfair trade practices by prioritizing trade enforcement functions. In Europe, the 2017 elections could yield more of the same attitude.

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Topics: Global Sourcing, Supplier Management, Production Tracking

Focus on Africa: The Dark Continent Brings New Light for Global Sourcing

Posted by Joseph Gabro

In recent years, the apparel and footwear industry has shifted its global sourcing away from China to other emerging markets due to increased labor, transportation, tariffs, and other supply chain costs.

Africa has emerged as a particularly attractive manufacturing option because of the preferential treatment granted under the Africa Growth and Opportunity Act (AGOA), which provides duty-free access to the U.S. market for eligible countries.

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Topics: Global Sourcing, Production Management, Supplier Management

Conflict Minerals Traceability Brushed Aside?

Posted by Gary M. Barraco

Every year, millions of dollars are channeled to armed rebels and insurgents and the source of these funds comes from the trade of minerals that are used in consumer goods of every type. Now known as conflict minerals, tin, tantalum, tungsten and gold (the 3TGs), are mined mostly in the Democratic Republic of Congo (DRC) and surrounding nations. The eventual sale and use of minerals originating from these countries frequently helps finance the violence and prolong the illicit working economy where civilians endure harsh conditions of armed conflict and human rights abuses.

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Topics: Global Sourcing, Production Tracking, Supplier Management

Social Compliance Concerns Amplified in 2017

Posted by Joseph Gabro

There is a lot to be worried about in 2017 for those companies reliant on global trade. You are encountering the anticipated shifts in worldwide trade policies stemming from a series of governmental changes (such as the U.S. election), last year’s trade volumes and retail sales hitting bottom, transportation and logistics companies running aground, brick and mortar stores turning out the lights for good, and everyone being asked to do less with more. 

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Topics: Shipment Preparation, Supplier Management, Production Management

Dialing Into the Supplier Network

Posted by Nick Fabretti

Expanding supplier bases and stretching out supply chains have increased the pressure to roll-out a supply network with leading supplier management and global sourcing tools.

This is critical for product innovation, product quality management, facility compliance, and reduced order cycles and cost – with just a single global transaction. In short, automate all the way upstream to the source.

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Topics: Supplier Management

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