Time to Get Creative

With another wave of COVID closures at China’s busiest ports, U.S. industries are hit with more supply chain disruptions. A report from Interos found that over 20,000 U.S. industries’ Tier-1 suppliers are in Shanghai alone, which has been shut down since late March. It grows to 95,000 when including indirect suppliers at the Tier-2 level and more than 203,500 at the Tier-3 level.?

In this newsletter you'll find some interesting workarounds to your supply chain headaches. We cover a range of topics: keep your eye on the M&As happening in the last mile logistics industry, beat inflation with supply chain financing, and learn about the explosive ESG-led growth of the Environmental Health and Safety services market.?

The Future of Sourcing team works to bring you the best industry insights and analysis possible. Tell us about your challenges and we’ll reach out to our contributor network to get interesting answers and actionable solutions.?

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Top Articles on Future of Sourcing

As supply chain disruptions continue to mount, logistics companies are experiencing a boom in mergers and acquisitions to improve last mile delivery capabilities, says Adam Bryant, CEO of AxleHire. He tells you why he expects the mergers and acquisitions trend to continue amid booming consumerism. 5 Reasons It’s On Fire>>

Supply chain financing is a win-win strategy for buyers and suppliers, says Dawn Tiura, CEO and President of Sourcing Industry Group. She shares three ways it can help mitigate rising costs due to inflation and reduce friction when it comes to paying supplier invoices on time. Get Cash Flow Velocity>>

Public e-procurement operations are gaining steam as governments focus on supplier diversity and inclusion, says Mark Eigenbauer, President of e-procurement at mdf commerce. He discusses the focus on digital procurement, the efficiency it can drive and what it means to have a consumer-like shopping experience in B2B government procurement space. A New Way to Buy>>

Widespread corporate digitization, a focus on ESG and strategic pivots by consultancies to transform service offerings with new tech are boosting the digital Environmental Health and Safety (EHS) services market. Now that C-level executives are taking EHS seriously, growth is set to accelerate across a wide range of industry risk profiles. What’s On Deck>>??

Corporate value chain emissions – also referred to as Scope 3 emissions – account for 92% of an average business’s emissions, says Cassandra Julin, Head of Global PR for Normative. She explains how a circular economy helps businesses account for and reduce these emissions. A Quick Overview>>

Today, a lot of the low-hanging fruit has been picked by CPOs, says The Smart Cube's Omer Abdullah. But one area where there is significant scope for procurement to deliver value is supplier-enabled innovation (SEI) he says. Why Supplier-Enabled Innovation is Important>>

Insights, Offers and Events

How to Build a Business Case for Category Management Process?

This template outlines the key stages of the category management process, including a detailed case study and top tips from those who have used the approach. The guide also contains links to a range of documents with more detailed information about aspects of category management.?Get the Free Download>>

May 18 | One CPO's Journey in Intelligent Automation?

SIG University’s microlearning events are designed to fill educational and training gaps through collaborative discussions. Join us on May 18 to discuss professional development and intelligent automation. Registration is free and open to everyone>> ?

Find an Industry Event Near You?

You are invited to join SIG’s regional one-day events for in-person networking and learning. Take part in executive roundtables, deep-dive learning sessions, topic-based discussions and wind down with a networking happy hour. Join an upcoming event>> ?

Future of Sourcing is the flagship digital publication of?Sourcing Industry Group?(SIG), the world’s largest and most trusted membership association for sourcing, procurement, risk and supply chain professionals.

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