Oracle's newly launched update for its Oracle Fusion Cloud Application Suite will help customers with supply chain planning, operational efficiency and financial accuracy.

The report also found that global transportation costs have fallen below their long-term average thanks to lessening pressures on shipping, rail, air and road freight. 

Late payments also add to the financial pressures impacting suppliers, with 42% saying they expect to face increased borrowing costs over the next 12 months.

It is clear that under these circumstances, where demand is volatile, supply uncertain, and capacity short, manufacturing needs to adopt a digital supply chain twin to obtain resilience and an end-to-end visibility across your supply chain to make the right decisions. But where do you begin?

Supply chain businesses operate on thin margins and sustained cost pressures, bottlenecks, and transportation labor issues can significantly chip away at profits. The solution is to drive further efficiencies and squeeze more benefits from existing supply chain operations year after year. 

Enabling consistently fast, reliable, and robust integration processes is no easy task for a company — particularly those that see data come in large bursts.

Reuters Events has partnered with JLL for our latest report, “The state of European supply chains 2023."

Over the past two years, the retail sector has experienced a massive and rapid transformation. Consumers turned to e-commerce and digital platforms to purchase goods in response to the pandemic.

Over the last few years, companies across the supply chain have learned to survive disruption using an array of tools and strategies.

Supply chain disruptions have brought a lot of talk of nearshoring and offshoring, and these are compelling propositions for many reasons.