INDUSTRY NEWS
More Companies Offer Supply Chain Financing to Vendors
Shipping logjams and strains over inventories are raising the profile of supply chain finance, according to The Wall Street Journal. More companies are offering the tool to their vendors, providing suppliers with faster access to cash and the ability to push back bill payments.
Six ways to improve global supply chains
It used to be a simple matter to outsource production to other countries, have them manufacture clothes, electronics, computer chips, and medicines, and ship the items back to the United States. America provided value through design capabilities and reliance upon domestically-produced components.
US, allies agree to work to improve supply chains
WASHINGTON: The United States and 17 allies have agreed to work together to improve and diversify global supply chains to avoid the shortages that plagued the economy during the pandemic, officials said Wednesday.