On 22nd November 2021, India and the US vowed to improve their trade ties and “take it to the next level” with closer partnership on supply chains flagged as a key thrust area. After a four-year pause, during her maiden trip to India to revive the Trade Policy Forum dialogue, US Trade Representative Katherine Tai…

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…

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…

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…

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…

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…

Procurement analytics is the process of collecting and analyzing procurement data to form meaningful insights and lead to effective business decision making. It ranges from historic procurement spend analysis reports to advanced analytics that help in predicting and budgeting future decisions. The need for procurement analytics developed as organizations urged to get a consolidated view…

While last year the global economy came juddering to a halt, this year was not expected to be the same. The economy got moving again in the first quarter and some part of the second quarter, only to become stuck in one of history’s biggest traffic jams! From what we’ve gathered, the world has failed…

In a move to relieve over-burdened and unsustainable supply chains, Weforum discovered that companies need new forms of infrastructure. With an example of drone-based logistics networks from Rwanda and Virginia, the independent organization said such networks have proved their efficiency and sustainability. Taking the discussion further, they added that using drones alongside existing logistics system…