Supplier Cyber Risk Management: Strategies for a Secure Supply Chain
Partnerships in businesses are vital to success. As your business grows, the support of trusted partners becomes invaluable. Whether your partnerships are with third-party affiliates like suppliers and vendors, these collaborations enhance your business operations and propel you to new heights. Hence, cultivating trust and camaraderie with your partners is essential because they assist you […]
What is a Supply Chain Control Tower?
Over the decades, global supply chains have followed traditional systems, where resources are procured, transformed into outputs, and delivered to end consumers–as linear and straightforward as that. However, technology has rapidly advanced in the past twenty years, making real-world supply chain cases very complex and disruptive to linear systems. For instance, the COVID-19 pandemic has […]
The Importance of Product Serialization in the Food and Beverage Industry
Why is product serialization crucial in the food and beverage industry? Knock-offs or counterfeit products come in many forms. Usually, we only think of expensive goods such as designer handbags or consumer electronics like smartphones when it comes to counterfeit goods. When fake products are circulated online, 64% of consumers lose trust in a brand. […]
Adopting Agile Supply Chain Practices for a Competitive Advantage
Planning with some degree of assurance has become a distant memory for many modern companies. Demand-driven businesses must work even harder to meet known client needs in increasingly short time frames. Global supply networks have seen unprecedented strain due to the growing issues they faced in recent years. From the COVID-19 pandemic to the Ukraine-Russia […]
The Four Benefits of Adopting Supply Chain Automation
Business operations have similarities to how the human body functions. Your supply chain is the veins and arteries of your company, while manufacturing serves as its beating heart. It’s the business equivalent of the human circulatory system. Manufacturing produces all the goods you want to sell, and the supply chain ensures they get to their […]
Leveraging AI for Resilient Supply Chains: Insights from Aratum VP of Operations Thomas Choy
During the COVID-19 pandemic, logistics and the whole supply chain ecosystem were halted due to lockdowns and the great resignation. The Ukraine war then exacerbated this, and many companies curtailed their operations in Russia. The pandemic restrictions subsided more than a year after the war, but supply chain chaos still lingers in 2024. However, unbeknownst […]
Four Challenges of Supply Chain Management in 2024
The general outlook of international supply networks has faced disruptions for several years. The US-China trade conflict, the COVID-19 pandemic-era consumer goods boom, and the Russia-Ukraine war have been among the most notable. Natural catastrophes, bankruptcies, and operational challenges have also caused supply chain interruptions. Operationally, supply chain activity has mostly stabilized in 2023. However, […]
How Effective Asset Maintenance Can Maximize Asset Lifespan
The machines and equipment you use to run your business amount to a large chunk of your investment. Even though these are well-budgeted, wouldn’t it be nice if you could use your assets for a long time? Imagine the savings you get when you don’t have to buy new equipment for a while. Now, the […]
5 Advantages of Using Omnichannel Customer Support
The rise of online shopping in the past decade has changed the course of humanity, especially during the midst of the COVID-19 pandemic and lockdowns. However, despite that, recent research shows that 94% of consumers still buy from brick-and-mortar stores. Hence, there has been an ongoing debate as to what’s better or more ideal: shopping […]
Incoterms 2024: Meaning, Changes, and Rules
Welcome to the dynamic world of international trade, where the wheels of eCommerce utilize a language of their own: Incoterms. As we enter 2024, merchants must stay ahead of the curve and confidently navigate the numerous pathways of global transactions. Imagine a company based in the United States that manufactures electronic gadgets. They have recently […]