article thumbnail

Global Supply Chains in Flux as U.S. Tariffs on Canada, Mexico, and China Take Effect

Logistics Viewpoints

Negotiating supplier contracts for localized parts production in the U.S. Technology and Electronics: Supplier Diversification and Relocation The tech industry, particularly semiconductor manufacturers and consumer electronics firms, is facing significant challenges due to tariffs on Chinese components and finished goods.

article thumbnail

At St. Luke’s, Supply Chain Excellence Depends Upon Doctor Involvement

Logistics Viewpoints

Luke’s began to build new supplier relationships. “We We built strategic supplier partnerships.” In this model, “the supply chain goes out and negotiates a contract on spine implants and says to doctors, ‘You’re now going to use Medtronic.’ Why should physicians care about a deeper relationship with a supplier?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amazon and the Shift to AI-Driven Supply Chain Planning

Logistics Viewpoints

AI-driven procurement tools analyze pricing trends and supplier performance to negotiate better contract terms. AI enhances supplier coordination by aligning raw material procurement with production needs. AI-driven chatbots handle supplier negotiations, freeing procurement teams to focus on strategic planning.

article thumbnail

5 Biggest Risks in International Logistics and Supply Chain

MTS Logistics

Inflation and Increased Costs Simple economics is very clear, and it is very hard to have a different perspective on this: higher tariffs on imported goods will result in higher prices which will be passed onto American consumers, potentially fueling inflation. consumers paying an additional $46 billion to $78 billion annually.

article thumbnail

How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Suppliers using blockchain for supply chains: IBMs TradeLens, VeChain, SAP Blockchain, Hyperledger Fabric What Are Smart Contracts and How Do They Work? Suppliers of smart contract development tools: Ethereum Foundation, Polkadot, Hyperledger, OpenZeppelin, Chainlink How Smart Contracts Automate Supply Chains 1.

article thumbnail

Top 6 Logistics Challenges and How to Overcome Them

3PL Links

Communication Breakdowns Across the Supply Chain The Issue: Poor communication between suppliers, logistics teams, and customers can result in misaligned expectations, missed shipments, or order errors. These issues can slow down the entire supply chain and create confusion. Logistics success is all about preparation and flexibility.

article thumbnail

Fixed Price Supply Chains

Logistics Business Magazine

Supply chain volatility is nothing that a fixed-price contract can’t fix, write Sarah Rutnah, Thomas Winstanley and Sonia Vilar of Dentons Law Firm. In times of economic and political volatility, fixed-price contracts offer welcome protection for businesses seeking certainty in and control of their supply chain costs.