Nearshoring is a strategy used by companies to bring production closer to their primary market while still outsourcing certain operations abroad. The goal of nearshoring is to reduce transportation costs…
Category: Supply Chain
Reshoring: The What, How & Impact for SME’s
Reshoring is an increasingly popular strategy used by companies that have traditionally sourced their raw materials or manufacturing operations abroad. The goal of reshoring is to bring production back home…
What are SSAE 18 Standards?
The Society of Auditors and Accountants for Electronic Data Interchange (or SSAE) developed these standards in order to ensure that organizations like yours…
What is a WIP?
A Work-in-Progress (WIP) is an account on a company’s balance sheet that refers to the money spent on material parts and processes for production or packaging.
How to Make Your Trade Policy Support Your Company’s Values
For companies engaged in international trade, there are many dilemmas to confront in implementing your ESG agenda, including forced labor practices.
Projected food shortages to Supply Chain efficacy
The Pandemic has caused production shortages in every industry which has led to massive dislocations in the container market, shipping routes, ports, air cargo, trucking lines, railways and even warehouses.…