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7 Tips to Keep Your Supply Chain Moving During Government Sanctions

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When it comes to global trade, government sanctions can have a ripple effect on supply chains. Suddenly, companies that were doing business as usual are finding their shipments held up or blocked altogether. 

If your company is suddenly facing disruptions to its supply chain, here are seven tips to help you keep things moving: 

  1. Plan ahead 

If you know that government sanctions could affect your company, start planning for potential disruptions now. Have backup suppliers in place and ensure you have all the necessary paperwork in order. 

There are many benefits of planning ahead your supply chain. One of the most important benefits is ensuring that you have enough stock to meet customer demand. If you do not plan ahead, you may not have enough stock on hand when customers start placing orders, leading to lost sales and a decrease in customer loyalty. Additionally, it can be difficult to get back on track if you do not have a plan in place for unexpected disruptions, such as natural disasters or supplier bankruptcies. By planning ahead, you can create a backup plan that will help minimize the impact of any disruptions. Planning ahead also allows you to optimize your supply chain by identifying inefficiencies and making changes accordingly. Overall, planning ahead leads to a more streamlined and efficient supply chain, resulting in cost savings and a better customer experience. 

  1. Communicate with your suppliers 

Let your suppliers know about any changes to your order volume or delivery schedule. This will help them plan for potential disruptions as well. 

When you establish and maintain good communication with your suppliers, you can enjoy a range of benefits. Some of these benefits include: 

  • Improved quality    
  • Faster turnaround times   
  • Lower costs    
  • Enhanced supplier relationships    
  • Improved supplier performance    

Establishing and maintaining good communication with your suppliers can benefit your business. By taking advantage of these benefits, you can improve the quality of your products and services, reduce costs, and build stronger relationships with your suppliers. 

  1. Stay flexible   

Be prepared to make changes to your supply chain on short notice. This may mean working with new suppliers or using different shipping routes. 

The benefits of staying flexible with your supply chain are significant. When you can adapt quickly to changes in the market, you can ensure that you are always meeting customer demand. This helps to keep your business competitive and ensures that you are able to maintain a strong customer base. Additionally, by quickly adapting to changes in the market, you can minimize the impact that disruptions have on your business. This helps to protect your bottom line and keeps your business running smoothly. Finally, by staying flexible with your supply chain, you open yourself up to new opportunities. When you can quickly adapt to changes in the market, you can take advantage of new opportunities as they arise. This helps your business stay ahead of the competition and continue to grow. 

  1. Keep track of your shipments  

Use Manufacturing ERP Software to keep tabs on your shipments and ensure that they are not delayed or held up in transit.  

 Using manufacturing ERP software can lead to a more efficient and cost-effective operation. It can help you make better decisions, leading to increased profits and a stronger bottom line. If you are looking for ways to improve your manufacturing operation, consider implementing manufacturing ERP software.  

  1. Avoid using middlemen   

If possible, work directly with your suppliers to avoid potential delays caused by third-party intermediaries. 

  1. Stay informed  

Keep up with the latest news and updates on government sanctions that could affect your supply chain. 

  1. Work with a freight forwarder  

If you need help navigating the complexities of global trade, consider working with a freight forwarder who can help you navigate the ever-changing landscape of government sanctions. 

You can help ensure that your supply chain stays moving despite disruptions caused by government sanctions by following these tips. 

Todayville Content Team works with a wide variety of clients to develop compelling content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

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The bizarre story of Taro Tsujimoto

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The National Hockey League (NHL) has seen its fair share of strange moments, but few compare to the bizarre and hilarious tale of Taro Tsujimoto, a player who never existed. His “selection” in the 1974 NHL Draft remains one of the most legendary pranks in hockey history. If you want to wager on actual players, making the 1xBet app download is definitely a great idea.

In the 1970s, the NHL Draft was a much less glamorous event than today. It was a tedious process conducted over the phone, with teams calling in their picks. The 3 biggest highlights of what happened during that year’s draft were:

  • the draft dragged on for hours;
  • there were multiple rounds and teams selecting unknown prospects from obscure leagues;
  • frustrated with the monotony, Buffalo Sabres general manager Punch Imlach decided to have a little fun.

As the 11th round approached, Imlach instructed his team’s representative to draft Taro Tsujimoto, a supposed forward from the Tokyo Katanas of the Japan Ice Hockey League. The name sounded authentic enough. The league officials, unfamiliar with Japanese hockey, accepted the pick without question. By downloading the 1xBet app you will also be able to wager on great NHL teams too.

A small problem

There was a small problem with all of this, as 2 things didn’t exist: Tsujimoto and the Tokyo Katanas. Imlach had completely fabricated the player as a joke, taking advantage of the NHL’s lack of verification. When it comes to NHL wagers, there is no better platform than the 1xBet Canada site.

For weeks, the league listed Tsujimoto as an official draft pick, and even some newspapers reported on Buffalo’s mysterious new Japanese prospect. Eventually, the Sabres admitted the hoax, and the NHL was forced to retroactively erase the selection from its records.

Despite being a fictional player, Taro Tsujimoto took on a life of his own. Buffalo Sabres fans embraced the prank, and over the years, his name has become a cult legend in hockey culture. Some fans even wore jerseys with “Tsujimoto” on the back. The joke persisted so much that when EA Sports released NHL video games, players could occasionally find Tsujimoto in the game’s draft pool as a hidden Easter egg.

More than just a prank, the story of Taro Tsujimoto highlights 2 things: the quirks of old-school sports management and the creativity of one of hockey’s most colorful executives. Today, with the draft process being highly scrutinized and broadcast live, such a prank would be impossible. But Tsujimoto’s legacy lives on as one of hockey’s greatest inside jokes. What is not a joke are the great rewards that a platform like the Canadian 1xBet site can give you.

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60% of Canadians gamble each month – why the industry is going from strength to strength

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When it comes to regulating gambling, Canada has a somewhat relaxed approach. The Canadian Gaming Association oversees the industry, but it’s up to individual provinces to enact and enforce any laws relating to online casino gaming, sports betting, traditional casino gaming, and other forms of gambling.

Canada’s online casino gaming laws are not totally clear, but individual provinces are starting to put this right. Ontario was the first and did so when it launched its own regulated igaming market in April 2022. Now some other provinces have followed suit, creating a safer igaming environment for players in those provinces. Below is a look at gambling in Canada compared to other parts of the world, at gaming laws in Alberta compared to other provinces, and at the future of the Canadian, US, and UK gambling industries.

Canada: a forever love of gambling

Gambling in some form or other has always been popular in Canada. Way back in the 1990s, research found six in ten Canadians (60%) gambled every month. Additionally, four in ten (43%) spent between 1 and 20 Canadian dollars on gambling. Fast forward to today and the Canadian gambling market is worth 14.2 billion US dollars as of January 2024, according to data on the website of consumer and market data company Statista.

It seems Canada enjoys wagering just as much as two other countries that love a gamble: the US and the UK. Data on the Statista website shows that 49% of US adults took part in gambling activities in 2023. Fifty-six percent said their attitude towards gambling had relaxed, compared to the 50% of 2019.

The UK returned similar stats for the same year. Forty-eight percent of adults reported engaging in gambling activity. Online casinos generated the most gross gambling yield in 2023, but it was the nation’s National Lottery that people played the most.

 

Alberta: following Ontario’s lead

The regulatory developments in Ontario have triggered movement in Alberta. In May 2024, Bill 16, the Red Tape Reduction Amendment Act, made it through the process and later received Royal Assent to become law. The act removes the monopoly of gaming by a single government entity and will allow private operators, licensed by Alberta’s provincial regulator, to provide online gaming services in Alberta, meaning players will have a choice of more than one Alberta online casino to play at.

The regulation transforms Alberta into one of the more liberal provinces when it comes to online gambling, others being Quebec, Ontario, and British Columbia.

Several provinces, such as Novia Scotia and Northwest Territories, have no provincially regulated online gaming sites. Some also restrict betting on horse racing and/or other types of sports betting, obliging citizens to use international betting sites for freedom from caps and betting on as many events as they wish.

What lies ahead for the Canadian, US, and UK gambling industries?

Canada’s appetite for gambling is clear, and the industry’s online sector is beginning to thrive. Ontario has enjoyed vast success by creating its own regulated market, one which, in just its first year, saw Canadians place billions in wagers and the industry itself generate more than a billion in total gaming revenue.

Canada can expect to see other provinces follow Ontario’s lead and allow private operators to provide services in the province under license. The purpose of the regulation is player protection. Any province that develops a regulated market will focus on this, so there will also be regulations around the advertising of gambling services.

The US

Gambling online is the future for the US, too, although states are slow to legalize it. As of September 2024, 38 states had legalized sports betting, following the US Supreme Court’s ruling that states could regulate sports gambling directly.

Despite allowing sports betting, some states only permit in-person betting, and only a few states allow online casino gaming. Operators believe online casino gaming is the future of gambling.

The UK

In the UK, the use of artificial intelligence (AI) will get bigger and bigger. Companies have realized AI can enhance players’ experience and are embracing it more and more. For instance, sports betting websites can use it to crunch data and provide iGamers with stats and other data to make better betting decisions. They’re also understanding they can use AI to prioritize content players are likely to be interested in and to personalize their offerings and services to players’ preferences.

Canada enjoys gambling as much as America and the UK. Although laws around igaming are more of a grey area in Canada, some provinces are clearing the issue up by creating regulated markets and experiencing great success. As time goes by, more are sure to follow.

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