Microsoft has generated annual savings of $50m by cutting “hidden costs” with a blockchain platform.
Covid has triggered a rise in robotics technology in warehouses to prevent bottlenecks caused by staffing disruptions.
The giant 400m container ship that has run aground and blocked the Suez Canal could disrupt $40bn worth of trade.
Procurement professionals are facing challenges as they seek to mitigate supply chain risks caused by port disruptions across the world.
Electronics giant Samsung ensured supplier support during the pandemic by providing $1.3bn in advanced payments and $830m in loans.
Boeing has announced a production freeze of its 737 Max aircraft that could cause “significant fallout across the global supply chain”.