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Tag: brexit

Ready for the New EU Import Checks?

Posted on by David Priestman

As proposals for new UK border import checks have now been announced, logistics and worldwide transport specialist cargo-partner is reminding importers to get ready and be prepared.

New import checks for all goods coming into the UK have been expected since the Brexit trade deal. Now the UK Government has provided a draft Border Target Operating Model, setting out a new approach to importing into the UK that is expected to be progressively introduced from the end of October 2023.

cargo-partner can support customers to prepare for these new checks and ensure they have the best solution in place to support both their import and export requirements.

Neil Murray, Managing Director for cargo-partner UK, said: “cargo-partner offers a dedicated customs clearance service, as part of our comprehensive range of transport solutions. Our UK and Ireland teams are experienced in connecting shipments across the Irish Sea, across the English Channel and supporting customers with the movement of goods between Great Britain and the rest of Europe, so we’re always up-to-date on the latest customs checks. We offer comprehensive customs brokerage services, assisting our customers with documentation, duty management, and trade compliance. By partnering with cargo-partner, our clients can navigate the complexities of customs procedures with confidence.”

With over 200 employees specialising in customs clearance and brokerage, based across 160 offices and 40 countries, cargo-partner can provide tailored and personal solutions to and from any location in the world.

cargo-partner is a privately owned full-range info-logistics provider offering a comprehensive portfolio of air, sea, land transport and warehousing solutions. With 40 years of expertise in information technology and supply chain optimization, the company designs tailor-made services for a wide range of industries to create competitive benefits for its customers all around the world. Founded in 1983, cargo-partner generated a turnover of over 2.06 billion euro in 2022 and currently employs more than 4,000 people worldwide.

Eurotunnel’s New Identity: LeShuttle Freight

Posted on by David Priestman

Eurotunnel Le Shuttle Freight has announced a major rebranding initiative. Effective immediately, the service will now be known as LeShuttle Freight. This forms part of a full brand evolution across both the freight and car passenger services, reflecting parent-company Getlink’s ambition to deliver, the safest, fastest and most reliable and carbon environmental-friendly service to cross the Channel. The distinctive new identity embodies the simplicity, ease, and efficiency with which Le Shuttle operates, taking the driver and goods from A to B and paving the way for a period of exciting modernisation for LeShuttle Freight.

The new LeShuttle Freight logo visually represents what sets LeShuttle Freight apart; its speed, efficiency and driver care, as well as referencing the feat of infrastructure of the tunnel itself. Elongated letterforms connect to show the movement of goods through the two tunnels, and the connections in the logo communicate the ease and efficiency with which LeShuttle Freight usually operates.

LeShuttle originally used the colour palette of the French and British flags; however the new colours focus on what unites the two countries, rather than sets them apart. The primary palette is one of premium monochromes, providing a sophisticated background for secondary and tertiary palettes to shine. LeShuttle Freight transitions to an aqua palette, with the core colour Vivid Aqua, representing the stability, peace and tranquillity of the journey. Four accent colours, named The Beauty of Europe, have been inspired by scenery of European travels.

“LeShuttle Freight has been serving customers for almost 30 years, and during that time has built an indisputable reputation for its fast and reliable service. We are incredibly proud of our journey so far and this next step in our evolution perfectly reflects our heritage as much as the direction we are taking in our growth strategy, innovation in customer experience, and reducing our environmental footprint.” Comments Deborah Merrens, CCO of LeShuttle. “Our goal is to continue to provide a smooth, efficient travel experience that is tailored to the needs and preferences of today’s customers, and we believe our rebranding initiative will resonate with all new generations of transport professionals”.

Since it began operations in 1994, more than 700million tonnes of goods have been transported via the tunnel aboard one of the 15 Truck Shuttles which are 800m long, carry up to 32 trucks and travel at a speed of 140km/h for a 35-minute journey. Last year, LeShuttle Freight announced a milestone as its 33 millionth truck crossed the Channel aboard its Shuttle. As a vital link in many supply chains, LeShuttle Freight carries 25% of the goods entering the UK thanks to the speed, ease and flexibility of the service with up to 6 departures per hour.

To date it is the only cross-channel operator to publish an annual carbon footprint report and offers by far the most environmentally friendly cross-Channel service. With a truck traveling on a Shuttle emitting 12 times less greenhouse gases than travelling by ferry, LeShuttle Freight is eager to continue to help customers further reduce environmental impact per load.

Warehousing Logistics Brexit Skills Crisis

Posted on by David Priestman

A British law firm has reported a huge rise in immigration enquiries from warehousing and logistics firms looking to employ foreign workers, as the UK’s post-Brexit skills crisis and shortage continues.

Employment lawyers at legal firm Aaron & Partners have seen a significant increase in immigration work from businesses in the sector for staff such as logistic managers, HGV mechanics, warehouse managers and HGV drivers. They added that it’s showing no signs of easing.

Adam Haines, an Immigration and Employment Law Partner, noted that while the rise in businesses applying for sponsor licences began in the wake of the UK leaving the European Union, it has become particularly prevalent over the past 12 months.

He said: “There’s a growing skills shortage in the UK and with historically low levels of unemployment, many companies are turning to other countries to address these issues. We have been working with companies, operating in the UK and entering the UK market, to assist and advise them on the processes and educate staff on the compliance obligations. We’ve seen a huge increase in demand from companies that need help to fill vacancies. The shortages are particularly acute in the warehousing and logistics sector, where we’re working hard to help companies bring in skilled drivers, operators and more.”

The rise in enquires comes as labour shortages continue to impact the sector, combining with the cost of living crisis engulfing the UK. Haines, said that he hoped that the pending trade agreements (particularly the imminent Australian trade agreement) due to come into force later this year should incorporate a mobility deal to simplify the process of hiring expertise and personnel from Australia.
He added that as well as warehousing, shortages are most prevalent in manufacturing and healthcare.

Freedom of movement between the UK and EU was ended in 2020, following Brexit. Now, regardless of their country of origin, foreign nationals looking for employment in the UK must gain a valid visa route, for which there are various requirements. For business to hire foreign nationals they must have a sponsor licence.

Businesses are now contacting Aaron & Partners for help processing these applications as quickly as possible and to ensure that they are aware of their compliance obligations. Haines added: “We know this is a massive concern for many businesses right now. Brexit may have been voted for over six years ago, but much of its impact is really being felt now due to the restraints it placed on immigration, which has contributed to the current skills shortage here. This is an ongoing issue that isn’t going away – and we think it will run throughout 2023 and beyond. Currently there is a major lack of understanding and awareness as to (i) what recruiting foreign nationals entails, (ii) businesses compliance obligations are and also (iii) whether workers based in other countries can work temporarily in the UK as a visitor.”

UK Fund to Boost Freight Innovation

Posted on by David Priestman

Data analytics innovator Entopy has won a share of the UK government’s new £7 million fund to boost innovation in the freight industry. The funding will enable the company to extend the use of its unique software to help address the issues caused by a lack of large-scale cross-industry data collection and sharing.

Entopy is already working in partnership with IT services company Fujitsu UK & Ireland on the pioneering Atamai Freight solution, which is unlocking supply chain benefits for businesses that move goods via road freight – increased visibility of consignments, for example, load integrity assurance, load security and more efficient movement of goods. The solution has been proven to minimise stoppage time and foster trust across the supply chain and between port authorities.

Now the two companies will explore how Atamai Freight – which is underpinned by Entopy’s software – can be expanded to include other modes of transport. The Freight Innovation Fund (FIF) backing will also help Entopy to extend its software into other areas of the supply chain – such as port operations – to improve efficiency and co-ordination. By looking at data through the lens of each ‘entity’ it relates to – the goods being shipped, the transportation vehicle, the ferry ports involved and so on – Entopy’s technology is able to uncover multidimensional insights in real time and capture events hidden in complex datasets. It can accurately notify relevant organisations of the arrival of a consignment at a port of exit, for example, or give advance warning when goods are likely to be late reaching their destination.

Entopy’s software depicts data in a way that represents the real world – creating ‘digital twins’ of entities, with algorithms ensuring only relevant data is captured from each connected system. Building on the ‘consignment journey’ digital twin within Atamai Freight, Entopy is now looking to extend the technology across the supply chain. As well as integrating other modes of transport, it plans to build a more detailed port model to enable the delivery of new data services to support the management of port freight flows.

“A key challenge in today’s freight networks is that data is fragmented across many disparate systems – meaning supply chain leaders can’t access the information they need,” said Entopy CEO Toby Mills. “On top of that, reports suggest only a third of businesses are able to realise tangible and measurable value from data. Our intelligent data orchestration technology acts as a gatekeeper to ensure only relevant data is captured and shared – and only shared with the organisations that need to see it. So everyone involved can be confident their data is in safe hands. The data is then turned into actionable insights, delivered in real time, to provide valuable business benefits.

“The FIF support gives us an opportunity to demonstrate our software capabilities to a wide range of stakeholders – across the supply chain and in a variety of other markets – as well as continuing our work with Fujitsu to further develop our positive impact on the UK freight sector.”

The three-year FIF programme will involve up to 36 small and medium-sized enterprises (SMEs). They will work with industry-leading companies to develop innovations to make freight more efficient, resilient and greener. By giving innovators the opportunity to test their ideas, the fund aims to help SMEs roll out new technology and ways of working to unlock potentially huge efficiencies and emissions reductions across the sector. As well as a £150k grant, Entopy will receive access to an FIF accelerator – providing bespoke business support to innovators – as well as a freight innovation cluster, a community of innovators within the freight industry that hosts regular networking events and activities.

Christian Benson, Vice-President and Client Managing Director at Fujitsu UK & Ireland, said: “Each year, the UK transports 1.6 billion tonnes of freight using many different modes of transport. The freight sector plays a vital role in bolstering economic activity – from the transportation of raw materials to factories right the way through to the delivery of goods to ports or retailers. Exploring how Atamai Freight can be used with other modes of transport, alongside road freight, is set to improve efficiency across the sector.”

Fujitsu UK & Ireland is also using Atamai Freight as part of the government’s Ecosystem of Trust pilot scheme, which aims to demonstrate how new technology can be incorporated into a border operating model that increases the efficiency, speed and safety of the EU-GB trade border.

Another UK Border Control Post Bungle

Posted on by David Priestman

Last July, British freight and warehouse service provider PML issued a statement regarding the crippling impact of the constant government U-turns in relation to the handling of post-Brexit border control facilities. PML‘s Mike Parr (pictured) comments on the current situation:

Many businesses invested heavily, in preparation for the changes, believing the information that was disseminated by those in power. Some of the UK’s biggest seaports considered legal action against the government in a bid to recover the extensive costs associated with building border control posts following the constant delays in the rollout of post-Brexit import checks. Companies up and down the country have committed resources to ensuring they are ready for the impending revised procedures, recruiting new staff, investing in their training and ensuring they are ‘Brexit ready’. Yet, the physical checks on fresh food and plants coming into the UK from the EU have been constantly delayed and are currently scheduled for the end of 2023. Or not …

And now those involved in the movement of fresh produce in and out of the UK have been dealt yet another devastating blow. A French company – Sodexo – has been awarded the £71m contract for post-Brexit border checks despite hopes that a domestic business might be in the running to handle Inland Border Facilities.

And as if the decision to appoint a French company rather than allow the UK business – which is reported to have shown ‘a well executed implementation delivered in exceptionally shortened timescales and acknowledged strong performance over the past two years’ – wasn’t bad enough, the company that has been selected does not exactly come with the best credentials.

In contrast to the positive track record of the outgoing supplier, although the global giant Sodexo does include facility management contracts in its list of services, its reputation is staked on delivering catering services to offices, universities and sports venues. Not experience exactly commensurate with managing international border control posts. And Sodexo is also the company that was caught up in the 2013 horse meat scandal, when it was forced to withdraw all frozen beef products from the UK following positive testing for horse DNA. Again, not exactly instilling confidence when considering the magnitude of their impending responsibilities as custodians of best practice for imported / exported food.

It would appear that price, rather than quality of service, has been the deciding factor for those in control of the border control posts. Which is ironic when so many businesses in the UK have lost money in their attempts to keep up with the constantly changing Brexit protocol goalposts.

This decision makes a mockery of everything that Brexit was supposed to stand for.

Eurotunnel Premium Freight Offering

Posted on by David Priestman

Eurotunnel is launching FIRST, a distinctive new service to better meet the needs of freight customers who are looking for additional time savings and dedicated support on their channel crossings.
FIRST is a subscription-based offering which includes a range of innovative services, including priority access to check-in lanes, boarding lanes and to the Douane/SIVEP customs, plant and animal control centres. Digitisation of the customer journey also allows automatic recognition of truck number plates, guaranteeing a smooth and simplified journey.

The service has been tested over several months and the customer satisfaction rate for users exceed 95%. This new offer will reinforce the attractiveness of Le Shuttle Freight and generate additional demand. In the long term, subscriptions to FIRST could represent up to 10% of the volume of freight traffic.

Cross-channel Freight

Deborah Merrens, Eurotunnel Chief Commercial Officer, said: “This new commercial proposition is an answer to the increasing demand for speed and fluidity from our customers and strengthens Eurotunnel Le Shuttle Freight’s leadership in the cross-Channel market. The success of the test phase already demonstrates the relevance of this new service.”

Eurotunnel Le Shuttle Freight claims to be the most convenient, cost-effective and sustainable way to transport goods between the UK and Europe, making it the leading solution for businesses dependent on their supply chain. By crossing the Channel using the Eurotunnel, vehicles emit 12 times less CO2 than if they were to take the same journey by ferry. Logistics companies rely on this service because of its speed and efficiency, enabling them to deliver goods with confidence. Eurotunnel Le Shuttle Freight operates 24 hours a day, 365 days a year, with up to one departure every 10 minutes at peak times. In 2022, the annual number of trucks who travelled on board Le Shuttle Freight was 1.45 million.

Special Procedures Unlock Duty Savings

Posted on by David Priestman

Customs4trade NV (C4T), a leading customs SaaS solutions provider, has been explaining how exporting and importing manufacturers and traders can benefit from cost savings by incorporating Customs Special Procedures (SP) into their supply chain strategies.

Of course, since the UK left the Single Market, the relevance of British companies using SP within their customs declarations has increased to the tune of 27 additional trading partner countries. Gone are the days of seamless, customs-free trade between the UK and the EU. This is particularly significant for a number of reasons. The EU bloc is the biggest individual global trading partner for the UK, accounting for some 50% of the UK’s international trade. Moreover, its close proximity and the resulting speed and efficiency of freight transport services have for more than 30 years increasingly facilitated many integrated inbound and outbound value-added, processing and sub-manufacturing supply chains for a very large number of businesses. These are in perfect scope of SP and the inherent cost savings which can be achieved.

Against this backdrop, C4T has seen a big increase in post-Brexit enquiries over the past year or so from companies looking to take advantage of the potential cost savings offered by SP.

Some of the most commonly used components of SP are:

– Inward Processing, whereby raw materials imported for manufacturing, processing or repair are not subject to duties
– Customs Warehousing, which exempts goods from duties and taxes until they leave the warehouse
– Outward Processing, under ‘Returned Goods Relief’ whereby goods temporarily exported for manufacturing, process or repair are not subject to duties

Duty savings

By way of example, polling during the webinars revealed that amongst the attendees, 53 % identified Returned Goods Relief as an important benefit, and 30% said that they’re investigating it.

“Given the complexity of many businesses’ supply chains, with Europe and the rest of the world, and in context of the well-publicised upward pressures in operational supply chain costs, it’s become very important for organisations to ensure that they’re avoiding unnecessary duty payments,” says Sam Blakeman, C4T’s Product Marketing Manager. “We’ve been happy to assist clients with the auditing of their supply chains to identify the SP opportunities where they exist, and in many cases to support them in their management of the applicable SP regimes using our cloud-based customs software tool, CAS.”

There have traditionally been barriers to companies implementing SP into their customs strategy. A lack of understanding within customs departments as to how SPs work is a case in point. Furthermore, companies can sometimes question whether they can manage, with full compliance, the various control tasks and obligations which come with the territory.

These include such things as obtaining the necessary authorisations and guarantees, administering and controlling stock levels and overseeing all aspects of discharge periods and issuing Bills of Discharge when appropriate.

Blakeman addresses these concerns and concludes: ‘We’re happy that through a combination of our highly consultative approach and the capabilities and functionalities of our CAS software platform, we are able to support our customers in their SP journey and help them to realise the duty cost savings that they are looking for in as pain-free a way as possible’.

UK Customs Declarations Service Delays

Posted on by David Priestman

Ever since Britain’s HMRC planned to switch its import/export system from Customs Handling Import and Export (CHIEF) to the brand-new Customs Declarations Service (CDS), there have been problems for all parties, including freight transport businesses.

Beginning on 30 September 2022, the original goal for completion was set for March 30 2023. However, due to unforeseen circumstances, that date has been delayed multiple times, with different elements of the new CDS suffering setbacks. An initial extension was made to applications in November 2022. This saw a final extension of the system’s implementation date to November 30 2023, a full eight months after the original date.

The delays have contributed towards an uncertain period for the freight transport sector. Every company that deal with freight management, such as software specialists Forward Solutions, has had a challenge with the continuous changes to the plan. It has left many in the sector scratching their heads as to the next move. However, for Forward Solutions customers’, help has been at hand, with the experience and knowledge of the internal team helping to ease the customs headaches caused by the hold up.

Richard Litchfield, Managing Director of Forward Solutions, added: “The switch between CHIEF and CDS was always going to be turbulent. The previous system and way of working had been in place for many years, and, so, a six-month window for all freight companies to make the switch was an optimistic deadline. The choice to delay was a sensible decision from HMRC, as it gives companies more time to fully understand the new system and allow for a smoother transition, giving service providers, traders and agents like us, to develop systems and software that will work from day one, rather than a troubled launch. Since the start of the transition phase in September 2022, we’ve been supporting our customers with an extensive CDS knowledge resource on our website. This is to give our customers the most relevant, up-to-date information regarding CDS. We are also distributing regular, direct updates regarding what HMRC is doing with both CHIEF and CDS, but it is clear to see that the transition period has been a confusing time for everyone involved.”

One of the reasons for the delay is related to the testing of the system’s functionality, which requires further fine-tuning. According to a recent article, there are rumours of further delays, which could result in further issues until 2024. The good news is that CDS has been running since 2018 and is currently used for making import declarations when bringing goods into the UK.

HMRC stated: “The service will replace the CHIEF service, representing a significant upgrade by providing businesses with a more user-friendly, streamlined system that offers greater functionality.”

John Varley, Product Specialist at Forward Solutions, has been overseeing the switch to CDS, and added: “This delay will have a major effect on many businesses, as we, alongside everyone else, had been working towards the March 2023 deadline. Whilst the benefits of having more time to test and transition is a good thing, we need to make sure that companies across the industry have a full understanding of the new system, and the correct guidance needs to be given by HMRC, as, ultimately, delay after delay won’t fix every problem. We are sure that CDS will represent a great step forward, when it arrives and we will continue to work towards helping our customers prepare, with the November 2023 deadline in mind.”

According to a statement from HMRC, Sarah Hartley, Director of Border Change Delivery at HMRC, said: “We have moved the deadline to enable us to spend more time working with industry in delivering and testing critical functionality, as well as the support needed to help declarants move across to the new system. The extra time also allows businesses and stakeholders more time to prepare their customers and software products for the November deadline.”

HMRC will provide further information about the timeline for CDS exports by the end of January 2023.

Forward Solutions is part of the Freight Software Group, alongside BoxTop Technologies [6]. The duo share an eye-catching stand, number 2070, at Multimodal and together have a portfolio of over 300 customers.

Freeport East Gets UK Government Approval

Posted on by David Priestman

Freeport East has received final Government approvals today (Tuesday 10th January), allowing it to move forward into the delivery phase. The development of the Freeport, which might create up to 13,500 new jobs, will be boosted by £25 million in Government funding to support infrastructure enhancement.

Welcoming the news, Steve Beel, Chief Executive of Freeport East, said: “This is a major milestone for Freeport East and the result of a great deal of hard work from all our partner organisations. Freeport East is a locally-led initiative but has global connections and ambition. Bringing together key stakeholders including local government, the private sector, and educational institutions we will attract new investment to create a hotbed for trade, innovation and green energy driving growth in both the regional and national economies. We will look to partner and collaborate with all organisations interested in the economic success of the region and encourage parties to get in touch with us directly.”

‘Levelling Up’ Tory Minister Dehenna Davison claimed: “Today is a historic day for many port towns and coastal communities across East Anglia, as Freeport East takes flight. This Freeport is going to give local economies a massive boost, unlock a new state of the art business space and create tens of thousands of highly skilled jobs,” she exaggerated. “We are maximising the opportunities of leaving the European Union to drive growth and throw our doors open to trade with the world.” She failed to state that Freeports were, of course, permitted when the UK was a member of the EU.

Freeport East covers an area within roughly 45 kilometres of the ports of Felixstowe and Harwich, stretching from Woodbridge in the north, to Stowmarket in the west and Jaywick Sands in the south. Colchester and Ipswich are both key parts of the Freeport economic area. The Freeport has three main development sites at the Port of Felixstowe, Harwich International Port and Gateway 14 near Stowmarket. Freeport East will be able to collect and deploy 100% of the business rates growth generated on these sites for the next 25 years, providing millions of pounds of financial backing to invest in regeneration, skills and innovation across the local area.

Work has already commenced on the Gateway 14 development and there are ambitious plans to create a green energy hub in Harwich to serve sectors including offshore wind.
All the developments have an emphasis on supporting innovation, skills development and net zero as well as acting as anchors for wider economic impact.

The Universities of Essex and Suffolk as well as a range of other partners in the region have committed to working with Freeport East and its businesses to accelerate innovation across operations, products and services. They will also help unlock further investment in research and development to boost development of the area’s knowledge-based economy.

Freeport East is one of eight new Freeports in England announced by the Chancellor of the Exchequer on 3rd March 2021. The UK Government claims it will be a hub for global trade and national regeneration, but they are unlikely to have much significant net economic benefit or undo the damage of Britain’s departure from the European customs union and single market.

With its global links and existing innovative sectoral clusters, Freeport East hopes to attract inward international investment and drive domestic growth. Covering Britain’s busiest container port, two major ferry ports and located close to the East Coast green energy cluster, Freeport East offers a unique combination of advantages to benefit traders, manufacturers and clean energy suppliers.

Freeport East comprises a mix of policy mechanisms designed to facilitate economic growth and levelling up. These include targeted tax benefits to bring forward key development sites, a novel customs regime to facilitate customs site development, and targeted Government support and regulatory engagement to unlock barriers to innovation and strengthen trade and inward investment opportunities.

The Founding Members of Freeport East Limited are Essex County Council, Suffolk County Council, Tendring District Council, Mid Suffolk District Council, East Suffolk District Council, The Port of Felixstowe, Gateway 14, Harwich International Port, New Anglia LEP and the University of Essex.

80% say Brexit is biggest disruption

Posted on by David Priestman

Research from Ivalua, a leading global spend management cloud provider, has revealed that 80% of UK businesses say that Brexit has been the biggest disrupter to supply chains in the last 12 months, while 83% fear the biggest disruption from Brexit is yet to come.

The Ivalua-commissioned study, conducted by Coleman Parkes, found that Brexit was having a bigger impact on supply chains than the war in Ukraine (76%), rising energy costs (71%) and COVID-19 (59%). Increasing supply chain disruption meant that 28% of UK businesses lost revenue in the last 12 months, with these businesses estimating an average drop in revenue of 18%. Supply chain disruption has also resulted in products arriving late, resulting in SLA fines (68%) and reputational damage (64%).

Moreover, 80% of UK businesses say that Black Swan events such as Brexit, COVID-19 and the War in Ukraine have “left supply continuity on life support”.

“These findings lay bare the significant toll of supply chain disruption on UK businesses,” comments Alex Saric, smart procurement expert at Ivalua. “Supply continuity has been left on life support after repeated blockages and restarts, resulting in supplier failure and organisations struggling to onboard new suppliers to kick-start supply. With supply chains being shocked at shrinking intervals, organisations must work to future-proof supply chains. A digitised, data-driven approach to supply chain management is a prerequisite for actionable scenario planning and agility. Yet, according to a study from Procurious, only 24% of executive teams have fast-tracked investments in new technology for procurement.”

Disruption to continue

On average, UK businesses estimate supply chain disruption will impact them for the next six months, with 31% saying the impact will continue for the next year. Over half (59%) believe supply chain disruption has become normal, and that we’ll see more Black Swan events in the future.

The effect of this disruption could be severe, with 69% of UK businesses concerned that more supply chain disruption will put suppliers out of business, while 51% fear they will go out of business. A further 83% say disruption has also slowed down their ability to innovate and develop new products.

“As Black Swan events accelerate, UK businesses must bolster resilience by ensuring they have total visibility into all suppliers, including tier-2 and 3. Collaboration is critical too – supply chains are only as resilient as your ability to work with suppliers to mitigate the impact of any disruption.” added Saric.

“But to do this, supply chain management must be digitalised. This is essential for continually assessing risk exposure, building a complete view of your supplier ecosystem and sharing information. Doing so will help organisations to better handle disruption, and cope with growing pressure that recession and inflation will pile on procurement teams in the next 12 months.”

 

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