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The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. First reaction s to the outbreak . – Tweet this.
When the pandemic started in 2020, no one could foresee the impacts of the global supply chain disturbances would last this long. Now the new norm is constant change, and agility is the name of the game when it comes to supply chain planning. Critical inventory disruptions/deficiency anywhere in the supply chain.
In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. What is supply chain visibility?
Companies around the world are urgently seeking ways to better plan around demand uncertainty and improve supply chain resilience and agility. CSCMP and ToolsGroup will reveal analysis from a crucial new global survey which reveals: What planning challenges are top-of-mind for supply chain leaders.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. What should supply chain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious Supply Chain Award. We need people that are adaptable.
In today’s fast-paced e-commerce landscape, last-mile delivery has emerged as a critical component of the supply chain. Utilizing advanced route optimization software, like RouteManager , is a growing trend, with 72% of global enterprises enhancing their supply chain strategies to optimize delivery operations.
You have tough decisions to make about your supply chain network design. When you finally have the analysis, everything’s changed, and the results are no longer relevant. About 38% of supply chain professionals say it takes weeks and 18% say it takes months to get the answers they need.
In 2023 alone, over $100 billion was invested in EV and battery supply chain M&A deals. Additionally, customer demand for green solutions is surging, with a McKinsey survey indicating that 60% of consumers are willing to pay a premium for sustainable delivery services. According to Kearney s 2023 Reshoring Index, U.S.
When companies want to digitally transform their supply chain capabilities, moving to an integrated business planning process (IBP) is often at the heart of the transformation. The roots of IBP are in sales & operations planning (S&OP). Mr. Sorenson has studied integrated business planning for many years.
Delegate research conducted by Netradyne at the Gartner Supply Chain Planning Summit has revealed the untapped potential of artificial intelligence (AI) to boost fleet safety for greater precision and profitability in supply chain logistics and transportation.
In late 2023, Descartes conducted a survey of 1,000 supply chain and logistics decision-makers across North America and Europe across three sectors: manufacturing, distribution and retail; carriers; and logistics services providers. The study also provided insight into what companies are doing to address it.
How to Elevate Your Logistics Operations with AI & ML Technology Global supply chain organizations are embracing digitization to propel their supply chain planning to new heights. What is Supply Chain Planning? Data informs transportation capacity and rates.
The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. First reaction s to the outbreak . – Tweet this.
If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supply chain resiliency test. Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
In today’s interconnected global economy, supply chain disruptions have become a prevalent challenge for businesses across various sectors. The Cost of Supply Chain Disruptions Recent studies, including one conducted by Accenture , have highlighted the staggering costs associated with supply chain disruptions.
The supply chain management uncertainty in the post-COVID world shows no signs of letting up. With current conditions, it looks like there may never be a return to the pre-pandemic era of supply chain stability. How Supply Chain Management is changing. Risk analysis is becoming an important part of SCM.
I work in supply chain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supply chain failed them, creating an eleven-month saga and unhappy customer. The issue wasn’t poor planning – they had the inventory. I should have known better.
Michael Jacobs, Senior Vice President Supply Chain, Ferguson. Mr. Jacobs is the senior vice president for supply chain at Ferguson. While nominally a distributor, “supply chain management is our core competency. In particular, Ferguson’s supply chain is built for speed and to provide high service levels.
Many companies were in the midst of digitally transforming their supply chain when the Convid-19 pandemic hits. In this part 2 article, let us continue to explore the concrete actions we can take in our Digital Supply Chain journeys. Plan and Execute for Success.
A year before, in 2014, a Harvard Business Review article pointed out that supply chains were becoming increasingly global and complex and consequently more at risk than before. Supply chain disruptions. Until recently, supply chains and other business functions focused on efficiency and cost. Supply chain resilience.
The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. In the supply chain, problems are often overcomplicated. However, manufacturers, 3PLs and others in the supply chain often get lost in the details. That’s not true. Trouble finding skilled labor”.
Most c ustomers may never give it a second thought, but business owners are well-acquainted with the fact that supply chains operate like a well-oiled machine. Due to the COVID-19 pandemic, disrupted supply chains made it difficult to provide communities with pandemic response, including food, vaccines, and other medical supplies.
For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. By combining order-level management with cost to serve analysis, businesses gain unparalleled transparency into their operational costs. The benefits of each component are highlighted below.
Contrary to general opinion, the causes of the supply chain disruptions currently being experienced worldwide were prevalent long before the Covid-19 pandemic. . The current war in Ukraine will further destabilize the global supply chain. Securing the supply of raw materials to keep the business going should be the highest priority.
Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. The sudden onset of COVID-19 only reinforced a lesson that supply chain professionals had already realized: uncertainty is the only real certainty. The Road to Agility and Resilience.
At this time last year, global supply chains were already in trouble. With the Chinese Lunar New Year approaching in late January 2020, global shippers planned to order stock from Chinese suppliers ahead of the celebration as factories and ports would shut down for two weeks. New disruptions, old lessons.
Shipper's Guide to Planning Ahead Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - March 20, 2023 Data shows there is a consensus that revenue will increase and inventory levels will build. This was seen in the survey.
Twenty-seven percent of supply chain leaders have conducted a climate change risk assessment to identify their most critical supply chain risks, according to a survey by Gartner, Inc. According to the survey, 44% of respondents have a general sense of potential climate change risks based on previous events.
Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms.
The following is an opinion article on AI in supply chains, written by Russ Felker , Chief of Technology (CTO) of Trinity Logistics. Artificial intelligence (AI) continues to grow its presence in our everyday lives, businesses, and now, supply chains. AI in Supply Chains: We Need to Change Our Focus.
You have tough decisions to make about your supply chain network design. When you finally have the analysis, everything’s changed, and the results are no longer relevant. About 38% of supply chain professionals say it takes weeks and 18% say it takes months to get the answers they need. – Tweet this.
This technology is coming to a supply chain near you, and the sooner you understand it and get comfortable with it, the better positioned you will be when hits the industry in full force. Coming to a Supply Chain Near You The scenario described above is not that far off. The supply chain is ripe for generative AI.
Robinson Director of Research and Market Intelligence: The truck driver shortage is top of mind for many as supply chain disruptions continue, port backlogs persist, and the gap between inventory supply and sales demand widens. The answer is not simple and involves research and analysis across a number of factors.
Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. With demand forecasting being complex, it is easy to lose supply chain visibility. The presence of data throughout the supply chain is vital to its evolution. Demand forecasting is hard.
Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supply chain. However, remember that products or subassemblies that never made it out of the factory may need to travel backwards one or more stages along the supply chain. This also qualifies as reverse logistics.
A larger share of freight forwarders and supply chain professionals this year in 2023 are expecting disruptions owing to COVID outbreaks in China and the Chinese New Year factory closures as compared to the last year (2022). “We The situation will have a significant impact on the domestic supply chain from January 15 to February 6, 2023.
Zebra Technologies Corporation today released the findings of its 2023 Global Warehousing Study, which confirmed 58% of warehouse decision-makers plan to deploy radio frequency identification (RFID) technology by 2028 which will help increase inventory visibility and reduce out-of-stocks.
With many organizations undergoing rapid change to adapt to supply chain challenges and opportunities, the modern CF O is expected to be a strategic partner to the C-suite table while developing and executing the company’s strategic agenda and helping effect change throughout the organization. The modern CFO. The SYSPRO CFO 4.0
How to Elevate Your Logistics Operations with AI & ML Technology Global supply chain organizations are embracing digitization to propel their supply chain planning to new heights. What is Supply Chain Planning? Data informs transportation capacity and rates.
In today's highly competitive marketplace, it’s imperative for businesses to innovate new ways to streamline their supply chain and optimize productivity. Additionally, through a more stable and efficient supply chain, you can greatly enhance customer satisfaction and retention. Computerized Shipping and Tracking.
A 2023 survey by McKinsey reported that 79 percent of all respondents had at least some exposure to gen AI, either for work or outside of work. ML and DL are mainly used in data analysis, classification, clustering, and ranking. The use and discussion of AI has become common.
Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. In other words, making money on that market requires some serious planning and perfect execution. Do you think that your supply chain management is good enough for this market? But there are some risks.
Cost savings used to be at the top of supply chain managers’ agendas. According to Setlog Managing Director Ralf Duester, companies need to establish robust and transparent supply chains due to supply chain problems like these so that they can react quickly. Things were different a few years ago.
small and middle market enterprises (SMEs) are feeling very optimistic about the international market according to the 2018 American Express Grow Global Survey. The third annual survey of over 500 domestically-based companies selling outside of the U.S. Interestingly, the adoption of supply chain technology (e.g.,
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