eCommerce has saved many a business in these COVID-restricted times, but selling online is far from risk free. Just as in any business, you need to understand the risks of selling online so that you can mitigate them.
Join our expert, Collins Rex, next week for “eCommerce Risk Management”, the next in the GTPA’s Business Health Check webinar series.
Evolutionary design requires individuals to constantly look for emerging patterns in how material moves through their supply chains. Force or action must be taken to change the path of supply chain flows, to compress the amount of time that inventory remains in the system or impacts how cash is consumed over time. Pioneers of lean supply chains sought to develop nearby suppliers, especially in automotive and electronics sectors. Over time, however, the appeal of low-cost production in Asia lured many Western manufacturers to seek production overseas. These extended supply chains are the equivalent of systems with low compression. In other words, they are extended, with long lead times, opaque visibility and tracking systems, and lots of inventory spread out through the transportation and logistics system.
Purpose - The present study examines the relationship between supply integration and relationship stability, and the relationship between relationship stability and performance, and analyzes the moderation effect of environmental uncertainty between supply chain integration and relationship stability.
Design/methodology/approach - The subjects are typical SMEs in the developing countries and focus on niche market to compete with large-scale manufacturers. Questionnaires were distributed to manufacturers to collect empirical data. In total, 566 valid samples were gathered.
Findings - The results indicate that supply chain integration has positive effects on relational stability and that relational stability has positive effects on supply chain performance. Relational stability is a mediator between supply chain integration and supply chain performance.
Originality/value - The contingency effects of environmental uncertainty on the relationships between internal integration and relational stability were determined in this research. This research framework extends past research on supply chain management. Part research has mostly explored the relationship between supply chain integration and different measures of supply chain performance, or whether uncertainty affects supply chain integration and supply chain performance.
Keywords: Supply chain integration, Relational stability, Uncertainty, Small and Median Enterprise
Amid lockdowns and other containment measures, digital technologies have kept trade flowing. The COVID-19 pandemic has accelerated the adoption and use of these new technologies, but digital protectionism risks fragmenting markets and limited the benefits of electronic commerce. To promote greater trade cooperation in this area, Singapore has started leading the negotiation of digital trade agreements.
Global Trade Review (GTR) is delighted to confirm that in line with current restrictions and concerns over the holding of physical events, GTR Commodities 2020 will be taking place virtually on September 15-16.
This exciting new initiative will combine a mixture of live-streamed and pre-recorded content and unrivalled networking via GTR’s dedicated virtual event platform, providing a comprehensive overview of the global commodities sector – from oil and gas, to metals, mining and agribusiness – as well as key financing trends.
Please join us in transitioning to this exciting new model, offering participants to benefit from critical market insights and idea-sharing, along with plentiful opportunities to network and connect to the wider community at a time of great uncertainty.
In just two days, leading experts will discuss what the future holds for global trade in the third episode of the Asia Trade Insight Hours.
In this session we discussed the following topics:
WHAT IS THE EVENT ABOUT?
BUILDING ECONOMIC RESILIANCE WITH TRADE
Global Trade Review (GTR) is delighted to announce that in line with current restrictions and concerns over travel and the holding of physical gatherings, GTR East Africa 2020 will take place virtually on October 1-2.
Once again welcoming support from a host of leading trade finance players alongside key supranational and industry bodies, this exciting event will utilise GTR’s bespoke virtual platform to deliver a comprehensive range of live-streamed and pre-recorded content and unrivalled networking opportunities, focusing on key trade sectors from commodities and agribusiness, to the development of local value-add industry and achieving digital innovation.
As we continue over a decade of market-leading gatherings, don’t miss your chance to participate in this beginning of an exciting new era for GTR East Africa; promising the high quality content and networking you have come to expect, delivered via specialist virtual technology platform for an optimal attendee experience.
As part of this online event we covered the following topics:
Supply chains are seeing rapid transformation. Driven by disruptions such as COVID-19. In the face of this transformation, we need your help so that you can be supported in building resilient supply chains. Whether you work in a large corporation or a small to medium-sized business or are a sole trader. Your views are important to help us understand how your business has been impacted by the COVID-19 crisis.
This online training course provides an in-depth overview of logistics calculations commonly used in the Transport and Logistics supply chain.
Designed by My Freight Career (RTO 90489) this training course has been developed for anyone, including students and employees needing a practical understanding of common weights, measurements and calculations used in Transport, Logistics and freight.
This online training course provides an in-depth overview of logistics calculations commonly used in the Transport and Logistics supply chain.
Designed by My Freight Career (RTO 90489) this training course has been developed for anyone, including students and employees needing a practical understanding of common weights, measurements and calculations used in Transport, Logistics and freight.
Over the past four months COVID-19 has exacerbated existing trade and geopolitical tensions, fuelled scepticism about the benefits of globalisation and seen already high-levels of economic uncertainty rise.
Following on from the recently announced dumping duty investigation into Australian wine, the Chinese Government hit the industry with a countervailing duty investigation on 31 August. Below we briefly set out the claims that will be investigated by the Chinese government, the difference between a dumping and countervailing investigation and what further actions needs to be taken by Australian wine exporters.
To paraphrase that Illinois newspaper editor who way back in 1870 wrote something like: “Doing business without advertising is like winking in the dark.You know you’re doing it, but no one else does.”
To simplify global logistics, you need to have both a reliable supply-chain and, if you manufacture your own products, a sound manufacturing strategy.
In 2019, retail eCommerce sales worldwide amounted to US$3.53 trillion (Statista) and these revenues are projected to grow to US$6.54 trillion US dollars in 2022.
Selling online through eCommerce gives access to a world of new customers without many of the challenges, risks and expenses of establishing a physical presence in a new market.And for many businesses, eCommerce has presented a lifeline during the COVID-19 pandemic, with bricks and mortar operations facing enormous challenges.
Selling online – just as any business operation – comes with risks. The more you know, the more you can mitigate these risks.
eCommerce markets – making a calculated choice. In order to select the best markets for your products/services, you need to do your homework.
Successfully selling online is dependent on choosing the right channel to market.
Around the world, businesses are experiencing both distress and cautious optimism as they grapple with the effects of COVID-19. While thousands of them, particularly micro, small and medium enterprises (MSMEs), have had to close, many others continue to engage in global value chains (GVCs), or supply chains more broadly. While some parts of the manufacturing and services sectors, like the automotive and hospitality industries, have been severely affected, other sectors such as medical devices and telecommunications have seen demand grow exponentially.
The way large businesses and MSMEs are experiencing disruptions also differs greatly, and within MSMEs themselves, the reality has been different for women-led businesses and MSMEs in small and developing economies. The current crisis, thus, offers opportunities to business and hopes for the future of global trade, but at the same time will require the largest business rescue and support programmes of the past century.
Today, more than two-thirds of world trade occurs through global value chains (GVCs). With the world economy facing multiple disruptions, including slow economic growth, natural disasters, and more recently the COVID-19 pandemic, GVCs, and supply chains more broadly, are transforming rapidly, even more now than at the beginning of 2020. While past decades fostered an expansion and enlargement of GVCs, more recently some have also shortened and become more localised, a trend which is likely to increase in the coming years as large and small businesses reconfigure their operations due to the pandemic and the eager adoption of digital technologies.
Please join the GTPA and our partners for the next business health check event on Crisis recovery strategies for small business. This session will explore, among a few topics, how to manage your way out of a crisis or disaster as well as planning and managing supply chain in a crisis.
Australia and Singapore have today signed a landmark Digital Economy Agreement (DEA) to further enhance digital trade opportunities for businesses and consumers in both our nations. Federal Trade Minister Simon Birmingham, who signed the Agreement with Singapore’s Minister for Trade and Industry Chan Chun Sing in a virtual signing ceremony, said it would help to expand the scope of our economic engagement with our largest two-way trading partner in South-East Asia.
International supply chains have become a topic of fierce debate in Germany over the past weeks, and perhaps surprisingly not for pandemic-related issues. Proposed new laws requiring due diligence by firms to prevent human rights violations in their supply chains sparked controversy over the degree of responsibility firms can realistically be expected to bear, and how they may enforce this obligation. This “German” debate has relevance beyond the country’s borders, as developed country multinational corporations in particular are under increasing pressure to enhance their corporate social responsibility.
AAEI's Annual Conference and Expos provides a forum for trade service providers to reach decision making exporters and importers with new systems and products to facilitate supply chain logistics. AAEI is the leading trade association for technical expertise, and we have the latest information on a wide variety of topics, with some of the top experts in the industry. This year, AAEI will be conducting our conference in a "virtual" environment and expect to reach a broader audience of trade professionals in the United States and internationally.
With the world economy facing multiple disruptions, including slow economic growth, natural disasters, and more recently the COVID-19 pandemic, global value chains (GVCs), and supply chains more broadly, are transforming rapidly. While past decades fostered an expansion and enlargement of global supply chains more recently some have also shortened and become more localised, a trend which is likely to increase in the coming years as MNCs and SMEs reconfigure their operations due to the pandemic and the resulting escalated adoption of digital technologies.
With the world economy facing multiple disruptions, including slow economic growth, natural disasters, and more recently the COVID-19 pandemic, global value chains (GVCs), and supply chains more broadly, are transforming rapidly.
While past decades fostered an expansion and enlargement of global supply chains more recently some have also shortened and become more localised, a trend which is likely to increase in the coming years as Multinationals (MNCs) and Small to Medium Enterprises (SMEs) reconfigure their operations due to the pandemic and the resulting escalated adoption of digital technologies.
The Global Trade Professionals Alliance (GTPA), supported by the Australian Government and on behalf of the Asia-Pacific Economic Cooperation (APEC) forum, is pleased today to launch the APEC Global Supply Chains Resiliency Survey.
Today, more than two-thirds of world trade occurs through global value chains (GVCs). With the world economy facing multiple disruptions, including slow economic growth, natural disasters, and more recently the COVID-19 pandemic, GVCs, and supply chains more broadly, are transforming rapidly, even more now than at the beginning of 2020.
While past decades fostered an expansion and enlargement of GVCs, more recently some have also shortened and become more localised, a trend which is likely to increase in the coming years as large and small businesses reconfigure their operations due to the pandemic and the eager adoption of digital technologies.
En momentos en que la economía mundial enfrenta múltiples interrupciones, incluido el lento crecimiento económico, desastres naturales, y más recientemente la pandemia del COVID-19, las cadenas globales de valor (CGVs), y las cadenas de suministro en general, están experimentando una rápida transformación.
Durante las décadas pasadas, las cadenas globales de suministro se ampliaron y expandieron. Sin embargo, algunas de esas cadenas también empezaron a mostrar signos de acortamiento o localización. Esto último, es una tendencia que probablemente aumentará en los próximos años en la medida en que compañías multinacionales (CMNs) y pequeñas y medianas empresas (PYMEs) reconfiguran sus operaciones debido a la pandemia, así como a la extensa adopción de tecnologías digitales.
Global Trade Professionals Alliance (GTPA), apoyada por el Gobierno de Australia y en nombre del Foro de Cooperación Económica Asia-Pacífico (APEC), se complace por el lanzamiento de la Encuesta Global de Resiliencia en Cadenas Globales de Suministro en APEC.
Following on from our popular “Digital Marketing: The Basics” session, GTPA brings you “Digital Marketing: The Next Level." You can watch the webinar with Daniel Visser, the Managing Director of Wicked Witch Software a leading figure in the digital games world.
As COVID-19 restrictions are lifted, businesses will continue to need to meet compliance requirements imposed by government and industry to protect the health and safety of employees and customers. Join us for a conversation between the ICC Secretary General and the Co-founders of AOKpass about how it can support and complement your return to work strategies and standard operating procedures.
Following on from our popular “Digital Marketing: The Basics” session, GTPA brings you “Digital Marketing: The Next Level." For this session, we’re delighted to be joined by a leading figure in the digital games world.
Fifty years ago, few people even had an idea about what ethical and unethical practices were happening behind the scenes of their supply chain. However, in recent times, we’ve come to realize the human, animal, and environmental impact of the products we use every day. Because of this, businesses have had to react, and today’s consumers expect that their money does not support things like sweatshops and child labor. As a business owner, how do you find partners that utilize ethical practices throughout the entire supply chain?
The following snapshot information on the range of trade-related Federal Government support and advice available to help Australian business take advantage of free trade agreements that may be useful for your business. It is a helpful summary reference.
Craig Weeks, the newest of the Supply Chain Resource Cooperative’s (SCRC) eight executive advisors, is no stranger to helping students. Every year for the last 15 years, the business veteran has “adopted” a senior from his alma mater, Dickinson College, to help them get their resume in shape, network with alumni and ultimately land their first job.
The Victorian Government has announced a new $534 million Business Support Package which will provide more support to help businesses and workers through to the other side of the coronavirus (COVID-19) pandemic.
Inclusive trade refers to the principle that all levels of society should gain from increased trade. It promotes the inclusion of groups that may currently be marginalised or challenged in their ability to engage with international trading opportunities.
The GTPA is planning to develop an Inclusive Trade White Paper that will produce practical recommendations on how capacity building and standard setting can facilitate a more inclusive international trading ecosystem.
The Horasis Extraordinary Meeting is the world's foremost gathering of business leaders who interact with key government officials and eminent thought leaders. Under the theme Unite. Inspire. Create, 500 of the most senior members of the Horasis Visions Community will gather virtually to overcome the profound economic, political and social disruptions caused by Covid-19. The Horasis Extraordinary Meeting offers the conceptual backbone and action platform to advance the recovery - envisioning and implementing novel business models, new political cooperation and deep social cohesion.
In 2020, every business – however small – needs to be digitally enabled to some extent. Whether it’s having a virtual shopfront in the form of a website and a fully functioning eCommerce solution, an automated production line, or even just email and a mobile phone, technology is an intrinsic part of the way in which we do business.