logo
#

Latest news with #supplychain

Denim Mills Say Clients Are Taking a More Measured Approach to Seasonal Sourcing
Denim Mills Say Clients Are Taking a More Measured Approach to Seasonal Sourcing

Yahoo

timean hour ago

  • Business
  • Yahoo

Denim Mills Say Clients Are Taking a More Measured Approach to Seasonal Sourcing

Ongoing tariff negotiations, combined with weakening global economies and broader political disruptions, have added complexity to the traditional process of developing a new product season. As a result, mills say clients are approaching their orders with caution, prioritizing pricing clarity, supply chain stability, and value-driven sourcing. 'Brands and stores across the board are looking for value from their supply chain so there is a refocused energy in that direction,' said Henry Wong, AGI Denim's VP, product development and marketing. More from Sourcing Journal US and EU Inch Toward Tariff Deal Trump Touts 'Largest Deal Ever Made' With Japan Tariff Ticker: ASEAN Nations Seek to Secure Trade Deals Ahead of August Deadline Umair Masood Tata, Naveena Denim Limited's director of marketing, said recent tariff revisions and rising logistics costs have impacted overall order volumes and timelines. 'As a denim mill, we're doing everything we can to stay competitive by controlling costs, staying consistent in quality, and supporting our clients through close collaboration,' he said. Mills are seeing clients approach the season with a sense of cautious optimism. 'While orders are moving forward steadily, the global market is currently shaped by a high level of uncertainty. Factors such as tariffs and geopolitical tensions are prompting buyers to be more deliberate and strategic in their purchasing decisions. Everyone is waiting for greater clarity before making bolder commitments,' said Anatt Finkler, Global Denim's creative director. This 'cautious stance' is especially true with U.S. brands, according to Aydan Tuzun, Naveena Denim Mills' senior vice president, sales and marketing. 'The introduction and ongoing uncertainty of new tariffs have caused hesitation in placing orders, with many clients choosing to delay decisions rather than take risks,' she said. 'Additionally, ongoing disruptions in shipping routes, especially due to the Red Sea blockage, have led to extended lead times. These logistical and geopolitical challenges are prompting clients to plan further ahead and remain flexible in their sourcing strategies.' China-based Prosperity has seen shifts in how clients are preparing for the season. 'Political influence plays a crucial role in shaping clients' decisions, particularly in times of uncertainty, before they finalize their orders,' said Stafford Lau, Prosperity director. 'Tariffs and other geopolitical issues appear to be significant contributing factors to this trend, affecting client confidence and the volume of orders placed.' By having production hubs in China and Mexico, Cone Denim has been able to offer clients some flexibility. Pierette Scavuzzo, Cone's design director, said clients are exploring all order options this season due to uncertainty around tariffs. 'Brands are investing extra time and effort into preparing various sourcing strategies so they can quickly adapt if needed, ensuring their deliverables and distribution remain unaffected. Having two production platforms in two different hemispheres has helped our customers seamlessly explore counter options with quick speed,' she said. Though Turkey's trade with the U.S. is relatively balanced and small compared to Canada, China, the EU and Mexico, Gizem Yaşar, Maritaş marketing chief, said it's crucial to understand the impacts of imposed tariffs on U.S. economy. The U.S. has consistently been Turkey's second-largest individual export market. 'Tariffs and trade policies play a crucial role in shaping costs and competition in the global textile and fashion industry. Trump's politicized approach to trade and tariffs has accelerated protectionism and fragmentation in the global trading system,' she said. Although the pace of fabric purchasing for collections has slowed down due to fluctuations in the global economy, Yaşar said brands are doing this with the aim of managing the process more deliberately. Still, consumers' wallets will be the hit hard. 'Companies big and small will face higher costs on the goods they buy from other countries—and could have little recourse but to hike prices themselves. For consumers, that will likely mean more expensive prices [for] everything. As experts say, stagflation risk is on the table,' she said. Maritaş' plan is to remain agile and adapt strategies to upcoming changes. Yaşar added that the company is already in a better position, having distanced itself from mass-market competition by focusing on advanced and sustainable product lines. Being based in Turkey means Orta can provide a speed advantage in sourcing compared to other countries from a geopolitical standpoint. However, Sinem Kahveci, Orta's marketing specialist, said uncertainties surrounding tariffs remain a concern. 'Like the brands, we closely monitor all developments and continue our operations with cautious and measured steps,' she said. Turkish companies are running into issues closer to home. In the last two years, Ibrahim Ethem Buyukpepe, Calik's acting general manager, said there has been a 20 to 30 percent contraction in consumption in Europe due to inflation and uncertainty expectations. Contraction continues, evident in the demand for fabrics this season. 'In terms of tariff, American brands that carry out price-oriented production have started to add Turkey and North Africa options to their logistics strategies and are carrying out feasibility studies. However, [because] no clear steps have been taken for customs tax processes, the effect of the process has not been clearly observed,' he said. As brands seek to navigate and mitigate supply chain disruptions, new opportunities are emerging for sourcing hubs that have previously remained under the radar. Sharbati has seen interest grow for its Egyptian production over the last couple of years. 'For sure tariffs have created a higher need for alternative solutions, and Egypt is seen as the best actual option being in the Mediterranean area, hence with faster and sustainable transit time,' said Stefano Dotto, Sharbati's product design manager. 'In general, clients are approaching their orders with caution due to ongoing uncertainty in the retail sector. The impact of geopolitical tensions and tariffs, particularly between the EU, U.S. and Asia has led several clients to diversify their production and sourcing bases,' said Maria Mas, Evlox's digital marketing director. As a result, she said Morocco is gaining traction as a reliable nearshore alternative for European brands, thanks to its logistical advantages and trade agreements. Clients are also more aware of the origin of their components. Mas said Evlox is seeing a shift toward more sustainable and traceable denim, with clients requesting recycled and organic cotton, and placing more emphasis on environmental certifications. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Can This Bridge Ease the Troubled US-Canadian Relationship?
Can This Bridge Ease the Troubled US-Canadian Relationship?

Bloomberg

timean hour ago

  • Business
  • Bloomberg

Can This Bridge Ease the Troubled US-Canadian Relationship?

The new Gordie Howe International Bridge is less than two miles long, but it's been a long road to get there. Plans are on target for the opening this fall of the six-lane span crossing the Detroit River between Windsor, Ontario, and Detroit. The bridge, named for a Canadian hockey great who found fame on the ice for the Detroit Red Wings, promises to deliver 'unparalleled benefits for supply chains, industry and commercial users,' according to the Windsor-Detroit Bridge Authority, the Canadian crown corporation overseeing construction of the bridge.

Jabil Inc. (JBL): A Bull Case Theory
Jabil Inc. (JBL): A Bull Case Theory

Yahoo

time2 hours ago

  • Business
  • Yahoo

Jabil Inc. (JBL): A Bull Case Theory

We came across a bullish thesis on Jabil Inc. on VantagePointAI's Substack. In this article, we will summarize the bulls' thesis on JBL. Jabil Inc.'s share was trading at $222.23 as of July 17th. JBL's trailing and forward P/E were 42.33 and 21.01 respectively according to Yahoo Finance. An aerial view of a modern data center, its server racks humming with activity. Jabil Inc. (JBL), founded in 1966, has transformed from a circuit board assembler into a global design, manufacturing, and supply chain powerhouse with 140,000 employees across 30 countries. The company's Intelligent Infrastructure segment has become its growth engine, generating nearly 40% of sales, with management forecasting $7.5–8.5 billion in AI-related revenue for fiscal 2025, up 40–50% year-over-year. Jabil is building critical AI hardware, including server racks, photonics, networking systems, and GPU test equipment, with surging demand supported by a sixfold expansion forecast for AI servers by 2030 and 34% annual growth for AI networking hardware through 2028. A $500 million U.S.-based AI and data center facility, operational by mid‑2026, underscores a long-term reshoring strategy. Recent earnings beats — $2.55 EPS vs. $2.29 expected and $7.8 billion revenue vs. $7.03 billion forecast — highlight strong execution as management sheds low-growth segments like consumer electronics to focus on high-margin AI, cloud, and advanced optics. Shares have surged from $95.85 in August 2024 to $203.90 in June 2025, reflecting confidence in Jabil's pivot, though analysts' targets range widely from $150 to $206, underscoring debate over whether momentum is sustainable. Volatility remains pronounced, with a 52-week range representing roughly 55% of the current price. Macro tailwinds — a weaker U.S. dollar, demand resilience, and strategic U.S.-Mexico manufacturing — offset rising rates and input costs, while disciplined capital allocation, including a $1 billion buyback, signals leadership's conviction. As AI reshapes global infrastructure, Jabil's positioning offers investors leveraged exposure to secular demand with operational resilience, financial discipline, and embedded long-term growth. Previously, we covered a on Flex Ltd. (FLEX) by Easy Trader in April 2025, which highlighted its resilient supply chain operations, strong free cash flow, and undervaluation despite revenue softness. The company's stock price has appreciated by approximately 56% since our coverage, as operational efficiency and diversification have played out. The thesis still stands as Flex's fundamentals remain solid. VantagePointAI shares a similar view on Jabil Inc. but emphasizes its AI-driven growth. Jabil Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 55 hedge fund portfolios held JBL at the end of the first quarter which was 55 in the previous quarter. While we acknowledge the potential of JBL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None.

Gaining A Competitive Edge Through Procurement Automation
Gaining A Competitive Edge Through Procurement Automation

Forbes

time3 hours ago

  • Business
  • Forbes

Gaining A Competitive Edge Through Procurement Automation

Mahesh Rajasekharan is the President and CEO of Cleo. Can modernizing procurement give your company a competitive edge? In this article we'll look at how to achieve the benefits of supplier enablement, orchestrating supply chain ecosystems and AI-driven automation in simplifying and streamlining your organization's procurement processes. Procurement activity functions roughly as follows at most companies: 1. A buyer (e.g., your company) sends a purchase order (PO) to a supplier. 2. The supplier receives and acknowledges the PO—more than likely today this happens via an EDI 855 or similar response. 3. Goods are shipped by the supplier, transported using a logistics company and later received at your location. 4. The supplier sends you an invoice. 5. Your accounts payable (AP) team processes payment according to the agreed terms. Simple right? Maybe, a lot more happens behind the scenes. Legally there are contract negotiations, service-level agreements (SLAs), regulatory compliance to onboard a new supplier. From the finance perspective there may be fuel surcharges, risk management insurances, bank settlements and more. Also, with every new supplier added, the trade routes and logistics flows need to be established and onboarded as well. While aspects like ordering and shipping are increasingly being automated, these other layers still often depend on human decision-making, legal review, or manually executed tasks—making fully automating procurement a real challenge. Yet with the right tools and strategy, thanks to AI it's soon going to be possible to bring end-to-end digital efficiency to even the most complex procurement environments. It's important to start planning now given how deeply embedded manual procurement remains in many enterprises. Such limitations can be costly, especially in terms of productivity, visibility and relationships. Consider these drawbacks of manual procurement: Lost productivity: Routine tasks eat up time across AP, legal and supply chain teams. Unpredictability: Delays and errors are more likely when humans manually track confirmations or send files via email. Increased costs: Manual workflows require more full-time employees and introduce costly errors, chargebacks and inefficiencies. Slower procure-to-pay cycles: This can delay production, create inventory imbalances or disrupt delivery schedules. Expanded risk: Every emailed invoice or attachment download is a potential phishing vector. Ultimately, poor supplier responsiveness—whether a late confirmation, an invoicing mistake or a shipment delay—has a ripple effect. Inventory gets misaligned, production slows, warehousing costs rise and delays can ensue, all impacting your ability to meet customer expectations. So, what's the best path forward? AI-driven supply chain orchestration can help standardize procurement processes, reduce friction and ensure visibility at every step. First step: Categorize current and future suppliers into four channels: 1. Supplier EDI. 2. Ingesting PDFs and other structured data. 3. Portal-based collaboration. 4. Automating unstructured invoices and embedding the necessary technology flexibility to rapidly onboard and streamline all four categories of suppliers, big and small. As more companies transform their procurement operations by integrating supplier interactions to support automation, real-time collaboration and proactive risk management, ecosystem relationships will grow stronger in several important ways: End-to-end workflow automation: Automate from PO to invoice with EDI/API integration. Prebuilt templates and logic: Accelerate trading partner onboarding by using AI to quickly adapt to industry-specific requirements. Real-time visibility: Leverage dashboards, alerts and analytics to spot issues as they arise. Predictive AI insights: Anticipate bottlenecks before they affect operations. This is the route to reducing manual processes and orchestrating a smarter procurement lifecycle. The result? Faster transactions, fewer errors, and better alignment across procurement, operations, legal, finance and IT. Plus, better ecosystem networks, cleaner data, better decision-making, and stronger relationships. How will you know if transforming your procurement processes is moving the needle? You'll need to introduce KPIs at various stages of the process to ensure your efforts are driving results. For instance: Are orders accepted and fulfilled without changes or errors? How quickly do suppliers acknowledge receipt of a PO? Are goods arriving when expected and in correct quantity? How many require rework or reconciliation? Are you meeting targets without disrupting supplier relationships? Can you track reliability, responsiveness and compliance? Can you detect patterns in late shipments or error-prone transactions? Since every business is unique, you'll come up with metrics that suit your needs. Bottom line: With AI-driven supply chain orchestration you can leverage real-time data to make better, smarter decisions. And in doing so ... keep your suppliers accountable without needing to micromanage every interaction. It's important to realize procurement automation doesn't happen solely inside the four walls of your organization. It extends across your entire digital ecosystem. To unlock its potential, you'll also need to enable your suppliers. That means making it easier for them to integrate with your supply chain network via EDI or API. That way they'll be better able to respond quickly and resolve issues collaboratively. When suppliers are supported in mutually beneficial ways like score-carding, alerting, easy-to-use templates with pre-defined business rules and overall enhanced visibility, everyone wins. So, how can you get procurement automation rolling at your organization? Start by having a strategic business-technology discussion and answering a few strategic questions: • Manual order entry? • Delayed acknowledgments? • Missing status updates? • Reducing costs? • Speedier response times? • Improving supplier compliance? • Inconsistent lead times? • Payment delays? • Communication breakdowns? Answers to these questions will help you focus and prioritize your procurement automation digital transformation efforts to achieve the best solution for your enterprise. Let's face it: Procurement is an essential supply chain function. Yet too many enterprises still rely on disconnected, manual workflows that increase cost, reduce responsiveness and elevate risk. It doesn't have to be this way. By enabling your suppliers on your terms, your company can move from tactical procurement to strategic supply chain orchestration. And that will give you a true competitive edge. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?

Tecsys Earns 2025 Great Place To Work® Certification™ Across All Global Operations
Tecsys Earns 2025 Great Place To Work® Certification™ Across All Global Operations

Yahoo

time4 hours ago

  • Business
  • Yahoo

Tecsys Earns 2025 Great Place To Work® Certification™ Across All Global Operations

MONTREAL, July 24, 2025 /CNW/ -- Tecsys Inc. (TSX: TCS), a global leader in supply chain management solutions, is proud to announce that it has been certified by Great Place To Work® across every country in which it operates: Canada, the United States, Denmark and India. This marks the second consecutive year that Tecsys has achieved this prestigious certification, based entirely on direct employee feedback. This year, 92% of Tecsys employees worldwide rated it as a great place to work, surpassing the U.S. Great Place To Work benchmark by 61%. This strong endorsement reflects the company's people-first culture, which is grounded in trust, inclusion and shared purpose. With 78% participation across the organization the results offer a meaningful snapshot of the employee experience at Tecsys. Survey highlights include: 96% felt welcomed when they joined 92% believe people care about each other 92% of employees said they are proud to tell others they work at Tecsys "Creating a great workplace starts with listening and trust. At Tecsys, we take action on what we hear and live our values — earning trust, building each other up, and exploring boldly," said Nancy Cloutier, chief human resources officer at Tecsys. "That 92% of our team members say this is a great place to work is a powerful reflection of the culture we have built together." This strong sense of belonging supports an industry-leading average employee tenure of over nine years, with more than 10% of employees marking 25 years or more at the company. "Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," said Sarah Lewis-Kulin, vice president of Global Recognition at Great Place To Work. She emphasized that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. "By successfully earning this recognition, it is evident that Tecsys stands out as one of the top companies to work for, providing a great workplace environment for its employees." For more information about careers at Tecsys, visit: About Great Place To Work Certification™ Great Place To Work® Certification™ is the most definitive "employer-of-choice" recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified. About Great Place To Work® As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List. Learn more at and follow Great Place To Work on LinkedIn, Twitter, Facebook and Instagram. About Tecsys Tecsys is a global provider of advanced supply chain solutions. With a commitment to innovation and customer success, the company equips organizations with the essential software, technology and expertise needed for operational excellence and competitive advantage. Its cloud solutions serve a diverse range of industries, including healthcare, distribution and converging commerce, across multiple complex, regulated and high-volume markets. Built on the Itopia® low-code application platform, Tecsys' offerings include enterprise resource planning, warehouse management, consolidated service management, distribution and transportation management, supply management at the point of use and order management solutions. Tecsys provides critical data insights and control across the supply chain, ensuring that organizations are agile, responsive and scalable. Tecsys is publicly traded on the Toronto Stock Exchange under the ticker symbol TCS. For more about Tecsys and its solutions, please visit Copyright © Tecsys Inc. 2025. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners. View original content to download multimedia: SOURCE Tecsys Inc. View original content to download multimedia: Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store