Communicating across the inbound supply chain is more complex than ever. Supply chains are more global, involve more parties, and goods move across more modes of transport – manual processes to manage them are becoming too complicated to continue.
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what's going on at the ports. Oakland if you've been paying attention, Oakland has some protests around the California AB5 Law that shut down a few of the terminals there last week. Terminals are back operating and open. According to the information that we got from the ports and the terminals, detention and demurrage has been extended for those days. It's still a disruption but they are utilized, they are employing that rule to extend the free time.
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Negotiating with suppliers is challenging even in the most favorable economic conditions. However, a unique set of compounding challenges like inflation, labor market shortage and global supply constraints are shrinking margins across the supply chain. Consequently, vendors are proposing renewal pricing increases ranging from 10% to as much as 30% in some cases.
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While once, supply chain was not one of the top enterprise priorities, today, most of the procurement leaders site supply chain visibility as their biggest challenge is managing disruption. Organizations are adopting tools that provide deep supply chain intelligence, and there is a high value of having as much information at your fingertips as possible. With this, organizations are making a paradigm shift in embracing the full spectrum of technologies like AI to cement the growth story.
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