Supply chains are running at full steam in 2019 as some economies boom, while others take hits from obstacles to open commerce and trade. From protectionist trade policies to ever-increasing costs to product recall challenges, Amber Road’s subject-matter experts provide some revolutionary best practices in a range of industry publications to help companies keep the wheels of trade moving.
There has been a lot of recent buzz about companies relocating sourcing or manufacturing out of China. It’s easy to understand why. Supply chains are running at full steam as the economy is booming in many parts of the world, while in other parts economies are taking a hit from obstacles to open commerce and trade. Protectionist trade policies have led to new tariffs – actual and potential – and the accompanying cost increases have led to a general attitude of trade uncertainty, specifically between the US and China. According to an Amber Road and AAEI 2018 report on Trade Trends, 77% of US importers surveyed consider shifting trade policies as their top challenge in the road ahead. More than half of these companies also rank the cost of goods sold as their top concern. These higher tariffs add to the total landed cost, eventually affecting the price on the shelf.
Across the globe, experts in all industries seem to agree on one assessment: The Internet of Things (IoT) revolution is just beginning. Connecting the unconnected through software that cleans, standardizes and transmits huge amounts of data not only provides companies visibility into the truth about their business operations but is more accessible than ever!
Now that glasses have finished clinking and the confetti from New Year's Eve has been swept away it's time to focus on making this your supply chain's most efficient year yet. It's a new year and that means that you can expect some new changes and challenges to impact your supply chain. Amber Road recently published The Top 6 Global Supply Chain Expectations for 2019, which includes the six biggest predictions to help you prepare for this new year.
