by Ekrem Duman | Aug 14, 2026 | Procurement
Last updated: August 14, 2026 ExxonMobil and Chevron just posted some of the strongest quarterly results in their history, and the reason has little to do with drilling efficiency. Brent crude has traded well above $100 a barrel for much of 2026 as the US-Iran war has...
by Ekrem Duman | Aug 10, 2026 | Procurement, Procurement News
⚡ TL;DR DRAM and NAND flash prices have moved from “elevated” to “structurally short” in 2026, as Samsung, SK Hynix and Micron redirect fab capacity toward AI-accelerator memory (HBM) and away from the standard chips that go into PCs, servers,...
by Ekrem Duman | Aug 8, 2026 | Procurement, Supply Chain
How Much Tariff Exposure Do Supply Chains Actually Have in 2026? Reciprocal tariffs on 69 trading partners at rates of 10–41% took effect August 7, 2026, pushing the average US import duty to its highest level in a century and adding to a stack of sector-specific...
by Ekrem Duman | Aug 5, 2026 | Procurement
⚡ TL;DROn July 20, 2026, the Trump administration invoked Section 338 of the Tariff Act of 1930 for the first time in modern history, imposing an additional 50% duty on select Canadian-origin goods — dairy, alcoholic beverages, motor vehicles, industrial materials,...
by Ekrem Duman | Aug 4, 2026 | Procurement
Sourcing Diversification in 2026: Inside Procurement’s Playbook for Tariff Risk Sourcing diversification has moved from a defensive tactic to the central strategy on every procurement leader’s desk in 2026. Tariff volatility, cocoa and commodity price...
by Ekrem Duman | Aug 1, 2026 | Contract Negotiation, Cost Reduction, Procurement, Vendor Management
⚡ TL;DRA LETTER OF CREDIT is a conditional bank undertaking that pays against a complying presentation under its terms and applicable rules. Procurement should design the credit around the purchase contract, feasible documents, shipment and presentation dates,...
