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Be Prepared, Post-Pandemic

Be Prepared, Post-Pandemic

The events of 2020 pulled back the curtain on procurement and supply chains. Despite lessons learned, are organizations and procurement teams any better equipped to handle another ‘black swan’ event?

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How a Global Pandemic Led to Supply Chain Finance Adoption in Healthcare – And Why It is Here to Stay

Supply chain finance programs – long utilized in consumer sectors like retail to help suppliers get paid more quickly and allow buyers to extend payment terms – are now a working capital tool for more healthcare supply chains. The continued rapid evolution of supply chain finance solutions offers a new way forward for CFOs in many industries to take direct charge of improving supplier-buyer arrangements.

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Last Mile Puts Talent, Technology First

Last Mile Puts Talent, Technology First

Serious changes are happening in the supply chain as the ecommerce market continues to grow. The uptick in more online sales means an increase in the back-end logistics that go into getting a package from an online sale to the customer’s doorstep.

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Back(haul) to the Future

Back(haul) to the Future

Backhauling is a logistics strategy in which commercial truck drivers transport a load on their trip back to their origin point. It is the opposite of deadheading, which is when drivers make the return trip with an empty truck.

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Team Up to Deter Supplier Fraud

Team Up to Deter Supplier Fraud

Despite their best technology and efforts, finance leaders continue to battle the ever-evolving tactics of fraudsters. A key reason is that finance’s fraud management strategies are seldom considered in the context of supplier information. Their peers in procurement, meanwhile, manage supplier information daily but the processes they use aren’t designed to prevent fraud.

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Four Steps to Mitigate Risk

Four Steps to Mitigate Risk

Supply chain regulations are in constant flux. In March 2024, the SEC announced new rules regarding climate-related disclosures, and there have been calls to strengthen the enforcement of the Uyghur Forced Labor Prevention Act. Meanwhile, the EU is also enhancing regulations regarding corporate sustainability, deforestation, ambient air quality, waste, and forced labor.

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Wholesale Distributors Put AI to Work

Wholesale Distributors Put AI to Work

Looming above all the day-to-day business pressures that wholesale distributors face is one overarching strategic imperative: Find ways to grow profitably—without increasing staffing levels. To meet that challenge, companies must attack it from multiple angles.

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How to Build a Sustainable Supply Chain

How to Build a Sustainable Supply Chain

Climate change, resource depletion, and social inequality are pressing issues, making sustainable supply chains increasingly important. By adopting sustainable practices, businesses can reduce their carbon footprint, conserve natural resources and promote social equity while cutting costs through improved efficiency and reduced waste.

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6 Steps to Diversify Your Carrier Portfolio

6 Steps to Diversify Your Carrier Portfolio

2023 was one of the most disruptive years in supply chain history… except that it really wasn’t. Even with the UPS/Teamsters negotiations, Convoy unexpectedly going out of business, and Yellow declaring bankruptcy—to name just a few—this level of supply chain disruption is starting to feel like Life.

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Modernizing U.S. Infrastructure

Modernizing U.S. Infrastructure

In a strategic effort to invigorate the foundation of the nation’s supply chain, President Biden’s 2025 fiscal year budget initiative marks a substantial commitment to modernizing U.S. supply chain infrastructure. By prioritizing the enhancement of highways and ports, this initiative directly tackles longstanding infrastructure challenges.

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