The creative project of this thesis showcases various wardrobes that have solely been purchased second-hand. The purpose of the creative presentation is to show that no matter one’s style preference, occupation, or age, second hand shopping can appeal to every type of customer. Second hand shopping is not only for “thrifty” millennials, it it for everyone, and can encompass anyone’s clothing needs.
This project did a deep dive on AI, business applications for AI and then my team and I built an AI model to better understand shipping patterns and inefficiencies of different porting regions.
The Russian invasion of Ukraine began in February 2022, and has caused a ripple effect of global supply disruptions. The United States, Canada, EU and other allies have responded to the Russian invasion of Ukraine by sanctioning imports from Russia in an attempt to isolate their economy. However, some countries that have not placed trade sanctions on Russia are taking advantage of the opportunity to import from Russia. By integrating import data from Panjiva into a geospatial mapping tool, ArcGIS, global trade patterns can be visualized to understand how global trade is impacted, the effectiveness of Western sanctions on Russia, and potential substitution effects on trade flows from one country to another. First, six key commodities and three countries were identified based on preliminary data analysis. After further analysis, it can be concluded that the Russian sanctions were not effective at isolating their economy for two reasons: certain commodities are critical to our modern lifestyles and some countries took advantage of Western trade sanctions on Russia and increased global trade. In an attempt to diversify their supply, many firms sourced from countries other than Russia, but oftentimes commodities are still sourced from Russia. Lack of supply chain visibility prevents business leaders from making the most efficient supply networks that are in alignment with government regulations.
This thesis will discuss how procurement should approach price increases from suppliers during at time of rising inflation. It explains the process that should be taken by a procurement associate and the different routes. The thesis mainly focuses on how procurement needs to be adaptable to changes during inflation since it can cause many aspects of the business to be volatile. This paper also leaves room for future research to analyze the optimal time to negotiate with a supplier after a downward trend.