A factory tour? No, thank you. What would I be doing in a factory? That's a question most people might pose when faced with the prospect of visiting a manufacturing facility. After all, there are seemingly better things to do, right? Well, if you're an entrepreneur or a seller
Another year unfolds, bringing with it yet another global supply chain crisis. It is now undeniable that supply chain disruptions have become an unavoidable reality in the dynamic landscape of global commerce. The recent headlines highlighting the Panama and Suez Canal crises underscore the critical importance of preparedness for
In recent years, the business landscape has witnessed a significant transformation as more companies are opting for nearshoring, a strategic move that involves bringing manufacturing to neighbouring or nearby countries. Contrary to being a passing trend, nearshoring is proving to be a sustainable solution that addresses critical challenges in
In the fast-evolving world of digital commerce, staying ahead of the curve is not just an advantage but a necessity. One such curve that businesses can't afford to miss is social e-commerce. According to statistics, the global social e-commerce market is projected to reach $7.03 trillion by 2030. With
It is predicted that in 2024, the integration of artificial intelligence (AI) and automation will continue to revolutionize supply chain and logistics operations. So it is undeniable that AI is here to stay and as the holiday season approaches, Amazon sellers are gearing up for what promises to be
Today, ethical sourcing has become a critical aspect of supply chain management. Consumers are increasingly concerned about the social and environmental impact of the products they purchase, and businesses are recognizing the need to adopt ethical sourcing practices. In 2015, a report from the World Economic Forum projected that
Following the COVID-19 pandemic, an increasing number of individuals shifted towards online shopping. Although there are various reasons why shoppers may favour brick-and-mortar stores for their purchases, the e-commerce sector is set to grow by leaps and bounds. Research shows that online shopping is more than just a trend.
The onset of the global pandemic and its consequential effects on global supply chains have naturally instigated fresh dialogues regarding the concept of manufacturing. Businesses heavily dependent on manufacturing operations in China were caught off guard when the pandemic surfaced in early 2020. Data reports reveal thatChina is losing
Though there are many talks of China having economic woes as the world's second-largest economy, one thing is still clear, China is undoubtedly a manufacturing powerhouse, accounting for over 30% of global manufacturing output in 2022. Regardless of all the economic troubles the country has endured, manufacturing remains the
In the dynamic landscape of business, procurement professionals play a pivotal role in ensuring the smooth functioning of operations. One of their key responsibilities is negotiating effectively with suppliers, vendors, and other stakeholders. The art of negotiation demands a unique blend of skills that enable professionals to secure favorable
