For many Chief Financial Officers, direct spend – the money spent on direct materials and services that go into a company’s products – remains an underappreciated lever. Historically, direct spend has been viewed as a cost of goods sold to…
Supply Chain leaders (CSCOs) are responsible for driving strategic growth, fostering innovation within their supply chains, and ensuring long-term value creation. However, many companies are now confronted with challenges such as abrupt tariff increases, supply chain instability, and delays in…
As a supply chain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Your inbox quickly fills with concerned emails highlighting rising costs,…
Global trade is riddled with uncertainties. Trade agreements have long existed to try to reduce some of that uncertainty, create a more even playing field, or to create mutually advantageous trade conditions between specific countries. The significant increase in tariffs…
Harvard Business Review recently published an article, “To Build Resilience, CEOs Need to Become Supply-Chain Experts”. They noted the fact that companies whose leaders had supply chain experience took a more proactive approach to addressing potential supply-chain challenges, and in…
Changes are inevitable. One way by which we may have to change is our coffee drinking habits. According to Bloomberg, the coffee supply chain is struggling with constrained supply and increase in prices is inevitable. In today’s dynamic business environment,…
