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Did you know that Japan’s economy shrank down sharply during the third quarter this year due to global supply chain disruptions and a resurgence in Covid-19 cases that damped spending by both consumers and businesses? According to the country’s preliminary gross domestic product (GDP) data, their economy shrank an annualized 3.0% in July-September after a…
It’s not at all surprising that procurement and business profitability go hand in hand. In fact, it is one of the massive components of any company’s costs and represents a big chunk of the company’s spending pie. That said, we’d also like to put it out there that there’s danger in viewing procurement functions simply…
Like most of us already know, the world’s technology answer to the COVID-19 dilemma is centred on cloud computing. This anticipates the state of cloud computing in 2022, which has already begun and cloud nationalism has made a place for itself in it. In the past few years, the biggest cloud services made some huge…
During a session of the ASCEND conference by the American Institute of Aeronautics and Astronautics on 10th November 2021, panelists who attended the event said that the shocks to the global supply chain caused by the pandemic highlighted existing weaknesses in traditional space industry supply chains. While space companies are feeling the impacts of supply…
On 8th November 2021, Amazon Web Services announced that it will establish a major infrastructure region in the Calgary, Canada. The company will be setting up a new cloud computing hub, bringing more than $4 billion in investment with it over time and creating over 950 full-time jobs across Canada by 2037. AWS is about…
The pandemic left no chance in disclosing how modern supply chains were easily collapsible under any kind of sustained pressure. We witnessed that many businesses that were caught clumsy by the global lockdowns found the speed of the recovery just as deceitful to navigate. And the clogged ports and shortages led to record further order…
The global cloud computing market is expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period as reported by ResearchAndMarkets. Let’s dive into the important details without much ado. It’s no secret that governments around the world…
Struggling through the aftershocks of the pandemic, the global supply chain is now likely to go under more stress in order to deal with cyber criminals vultures that are descending on the vulnerabilities of the value chain to create severe disruptions. According to a report from a cyber intelligence firm, all key sectors of the…
On 2nd November 2021, France announced a €1.8 billion ($2.1 billion) support plan for the nation’s cloud computing industry in a bid to keep the country’s organizations competitive on a global scale. This plan has been divided into a €667 million care package for public financing, a €444 million boost to European Union financing, and…
Having to manually process purchase orders can be a tough task, especially in times like today when we have solutions like Supplymint that make this task as easy as it can get. A company today can avoid handling loads of paperwork, investing more time & money and not letting their teams see the light of…