Laura Baucus, director of the automotive industry group of the Dykema law firm, advises how companies can protect their contracts with suppliers, and how they should respond when supply issues arise.

Manufacturers and retailers often source materials, components or finished products from low-cost countries to improve cost-competitiveness, despite the greater risk of trade wars and other disruptions in extended, global supply chains.

Keeping excess inventory as a safety strategy is a losing proposition for companies. It doesn’t work because companies often hold inventory that’s not usable or is obsolete, representing a dead loss, sometimes on the order of tens of millions of dollars a year, to the company.

Implementing intelligent materials systems that are simple, purpose-built and sustainable is important when embarking on an effort to optimize supply networks.

After more than two years of a pandemic, global unrest and economic fluctuation, quality management throughout supply chains has never been more complicated.

In light of today’s era of inflation and a possible recession just on the horizon, now is the ideal time to seek out ways to optimize your business’s processes as a way to cut down on costs. 

Transportation visibility software is among the technologies required to enhance the last-mile delivery customer experience, says Bart De Muynck, chief industry officer at project44.

The success of any global supply chain starts with procurement. But a lot of companies are getting that function wrong.

By embracing multimodal options in last-mile delivery, retailers can effectively draw on an "unlimited" pool of carrier capacity, according to Matt Schultz, vice president of logistics partnerships with OneRail.

Visibility and reliable technology implementation solve inefficiencies in on-demand and same-day delivery, says Salman Habib, co-founder and chief executive officer of Burq.