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procurement
October 25, 2022
Boeing Uses Relational Contracting with Indigenous Businesses
Kelly Barner, host of Dial P for Procurement, procurement thought leader, and managing director of Buyers Meeting Point, explains why formal relational contracting is a great approach for companies serious about supporting their diverse suppliers in a recent Forbes article. “Small and diverse suppliers often find themselves in a Catch-22. They need to grow their capabilities to expand but as they’re often smaller organizations they fall into the trap of having transactional relationships with their customers.” Read the entire article here.
Startups
December 17, 2024
Small Companies, Big Impacts: Three Supply Chain Startups to Know
Supply chain technology is a hot commodity. Venture capital investments in supply chain tech and technology-based logistics companies have totaled an estimated $15.4 billion in 2024, and more than 150 supply chain startups have been acquired in the last two years as logistics companies work to leverage cutting-edge technology to improve their services. According to a Kearney report, the biggest capital infusions have been in delivery technology, warehouse automation, and supply chain digitization and artificial intelligence (AI), and the investments are paying off. “Quite simply, the more you invest, the better you get at monetizing breakthrough innovation.” Freight brokerages, in particular, are looking to technology to help set them apart – or stay in business. Brush Pass Research reported there are 17.5% fewer active freight brokerages today than there were two years ago. Three Supply Chain Startups to Know StartUs Insights identified the top nine supply chain innovations and trends for 2025: AI Internet of Things (IoT) Flexible supply chains Big data and analytics Robotics Supply chain sustainability Supply chain traceability Last-mile delivery Cybersecurity “The supply chain has several variables that hinder its efficiency, including globalization, government regulations, pandemics, international transportation costs, increasing competition, and more,” StartUs said of…