Entrepreneur Network Partner Ashley Crouch sits down with Sidney Wheatley, CIO of the Private Family Office to H.H. Sheikh Mohamed bin Salman bin Abdulla bin Hamad Al-Khalifa.
Tag Archive for Supply chain
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Shipping Problems to Persist Through 2022 Amid Supply Chain Crisis: Economists
by The Epoch Times • • 0 Comments
Roughly 77 ships are currently waiting outside docks in the Ports of Los Angeles and Long Beach, California, carrying a staggering $24 billion worth of goods waiting to be offloaded, CNBC reported, citing economists at Goldman Sachs.
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Texas Factory Activity Sees Solid Expansion but Supply Chain Woes Worsen
by The Epoch Times • • 0 Comments
The production index rose to a reading of 24.2 in September, up 3.4 percentage points from 20.8 in August.
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How to minimise gaps in your supply chain post Brexit
by Daniel Baker • • 0 Comments
Originally written by Daniel Baker on Small Business
Since the final Brexit deadline on December 31, businesses across the UK have had to quickly become familiar with the new trade deal and adapt their supply chain accordingly.
Unsurprisingly, this has not been without disruption.
With a shortage of trucks and hauliers available to transport goods across the border and gaps in understanding of the new legislation across the supply chain, the first two months following Brexit have proven incredibly challenging for many British businesses.
>See also: Half of small business exporters struggling with new rules post Brexit
At Origin, we import some of the parts used to manufacture our aluminium doors and windows from the EU, so access to these materials was our primary concern following the announcement of the deal. Like many businesses, we had plans in place for a host of possible scenarios in anticipation of this, many of which have proven invaluable in the months following the deadline.
However, as Covid-19 taught us in 2020, it’s impossible to prepare for all eventualities, and we have found ourselves having to quickly pivot operations in some areas of the business in order to adapt to the impacts of Brexit that we hadn’t anticipated.
‘The first two
Hot Business News Today
How to minimise gaps in your supply chain post Brexit
by Daniel Baker • • 0 Comments
Originally written by Daniel Baker on Small Business
Since the final Brexit deadline on December 31, businesses across the UK have had to quickly become familiar with the new trade deal and adapt their supply chain accordingly.
Unsurprisingly, this has not been without disruption.
With a shortage of trucks and hauliers available to transport goods across the border and gaps in understanding of the new legislation across the supply chain, the first two months following Brexit have proven incredibly challenging for many British businesses.
>See also: Half of small business exporters struggling with new rules post Brexit
At Origin, we import some of the parts used to manufacture our aluminium doors and windows from the EU, so access to these materials was our primary concern following the announcement of the deal. Like many businesses, we had plans in place for a host of possible scenarios in anticipation of this, many of which have proven invaluable in the months following the deadline.
However, as Covid-19 taught us in 2020, it’s impossible to prepare for all eventualities, and we have found ourselves having to quickly pivot operations in some areas of the business in order to adapt to the impacts of Brexit that we hadn’t anticipated.
‘The first two
Hot Business News Today
Small businesses and their role in efficient supply chains – Q&A with Logmore CEO Janne Juhala
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
Thanks to the advancements brought about by technology to manufacturing and logistics, any enterprise can easily go global today.
Even small businesses serving local customers and niche markets can now leverage supply chains worldwide. Yet, exciting as these may all seem, supply chains aren’t perfect. Inefficiency at any point in the supply chain can have a ripple effect and impact all stakeholders. Mishandling, incorrect orders, defective items, and product damage all contribute to waste.
Dealing with any of these factors entails costs. Small businesses, even with their limited resources, have to absorb part of the costs of waste. As such, effectively managing their supply chains is critical to their success. So, regardless of their spot in the chain, they must work on efficiency together with their partners.
We recently got in touch with Janne Juhala, CEO of shipment monitoring start-up Logmore, and asked him about small businesses, their role in supply chains, and how his company is empowering supply chain stakeholders to become more efficient.
There have been plenty of positive developments in logistics and global supply chains over recent years. How have these trends impacted small businesses in particular?
On the one hand, being a small business
Hot Business News Today
Small businesses and their role in efficient supply chains – Q&A with Logmore CEO Janne Juhala
by Partner Content • • 0 Comments
Originally written by Partner Content on Small Business
Thanks to the advancements brought about by technology to manufacturing and logistics, any enterprise can easily go global today.
Even small businesses serving local customers and niche markets can now leverage supply chains worldwide. Yet, exciting as these may all seem, supply chains aren’t perfect. Inefficiency at any point in the supply chain can have a ripple effect and impact all stakeholders. Mishandling, incorrect orders, defective items, and product damage all contribute to waste.
Dealing with any of these factors entails costs. Small businesses, even with their limited resources, have to absorb part of the costs of waste. As such, effectively managing their supply chains is critical to their success. So, regardless of their spot in the chain, they must work on efficiency together with their partners.
We recently got in touch with Janne Juhala, CEO of shipment monitoring start-up Logmore, and asked him about small businesses, their role in supply chains, and how his company is empowering supply chain stakeholders to become more efficient.
There have been plenty of positive developments in logistics and global supply chains over recent years. How have these trends impacted small businesses in particular?
On the one hand, being a small business
Hot Business News Today
Supply chain friction costs businesses 6,500 hours a year
by Owen Gough • • 0 Comments
The average UK business loses £88,725 per year through clunky payment practices causing friction in their supply chain, according to new research by Tungsten Network. This equates to almost 6,500 man hours chasing purchase order numbers, processing paper invoices and responding to supplier enquiries. As Tungsten Network launches its inaugural Friction Index report, businesses estimate
The post Supply chain friction costs businesses 6,500 hours a year appeared first on Small Business.