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But you start stacking these events on each other—you add in another hurricane and there’s a few other things from seasonality going on—those issues compound themselves, and it creates additional disruption within the supply chain space,” Williford said. READ THE FULL ARTICLE We didn’t see a ton of disruption from the port strike.
The resilience of your supply chain is determined by its structure and operations, whether we’re dealing with major immediate events like a pandemic or gradual systemic changes to your business environment over time. Not only does this spread the risk, but transportation costs are lower.
The fundamentals are based on the “Rules-in-Use” from Decoding the DNA of the Toyota Production System , a landmark HBR article by Steve Spear and H. The article, in turn, summarizes (and slightly updates) Spear’s findings from his PhD work studying Toyota. Kent Bowen. PDCA Thinking. Four Rules: 1.
ARC has been actively studying industrial AI for over two years. He also spoke at the ARC forum in 2023, and this article is based on that presentation as well. The occurrence of any of these events disrupts the global supply chain and can deeply impact profitability. One event could create so much churn, Mr. Al Syed explained.
Mr. Daniels reports they have 870 employees, so based on a market study recently completed by ARC, this claim is credible. Exiger is tracking events occurring in 16 million supply chains that include 600 million legal entities. Exiger also has relationships with Google and Microsoft that allow them to read articles on the OpenWeb.
In my Logistics Viewpoints article in January 2021, “ The New Definition of Supply Chain Agility and Resilience in an Unpredictable World ”, I highlighted that modern supply chains must be built on a foundation of extreme agility and responsiveness. The Key to Long-Term Success: Build Agility, Resilience and Profitability Together.
It means exclusive access to our up to 105 e-classes regarding topics covering EVERY aspect of the supply chain, supply chain secrets ebooks, event videos, webinars, and so much more. Related articles on these topics have appeared throughout our websites, why not check them out? Curious already? Register now: [link].
Geopolitical events. In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation. In just minutes, BD was able to see and manage the delivery and order-fulfillment challenges created by this unforeseen event, in real-time.
The product-as-a-service shift has compelled Michelin to study its customers to better meet their needs. IoT World is North America’s largest IoT event where strategists, technologists and implementers connect, putting IoT, AI, 5G and edge into action across industry verticals. Book your ticket now. ]. Dimenna said. .
Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain. In order to build a correct demand plan, one-off events have to be identified and accounted for,” wrote Ralf W.
In fact, stumbling upon this article may very well have been part of your outsourcing process! Customer Testimonials & Case Studies. User reviews provide plenty of value, but more complicated operations can greatly benefit from customer testimonials and case studies.
These views may be correct, but anecdotes are no replacement for the detailed study of what went wrong and – more importantly – why. This series of articles aims to address this gap by showing how logistics problems accumulate and metastasise into operational preparedness shortcomings. What do we know?
In a recent article published in Mundo Logística , Tereos’ Logistics and S&OP Executive Manager, André Margoto , shares valuable insights on how agribusiness companies can use optimization models in (near) real-time to inform planning decisions and bolster their S&OP process.
Both anecdotal evidence and research studies demonstrate that enterprises leveraging these advanced capabilities have fared much better than other companies during the extreme volatility of the past two years. In a study commissioned by Blue Yonder, it is estimated that a typical $10 billion company can save $14.1 Warehouse Robotics.
Risk mitigation: By analyzing news and social media data, LLMs can help supply chain professionals anticipate potential disruptions, such as labor strikes, natural disasters or geopolitical events. This proactive approach enables businesses to mitigate risks and plan accordingly.
Whether that is the case or not, a brief study of the origins and progression of fleet route optimisation, covering the last three decades or so and looking forward to the near future, highlights in a spectacular way how technology, in particular, has revolutionised the business of logistics.
According to a recent article in Forbes , 48% of consumers today prefer a hybrid shopping model that combines online and in-store components. The answer lies in identifying supply chain disruptions — from a big event, like a port closure, to smaller day-to-day performance exceptions — at the earliest possible moment.
You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Networking.
The conference is seen as the founding event of AI. This significant event was the first widely recognized successful application of Deep Learning. Creator DeepMind said the machine studied older games and spent a lot of time playing the game, over and over, each time learning from its mistakes and getting better.
These views may be correct, but anecdotes are no replacement for the detailed study of what went wrong and – more importantly – why. This series of articles aims to address this gap by showing how logistics problems accumulate and metastasise into operational preparedness shortcomings. What do we know?
Logistics, The Real Super Bowl MVP Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics Super Bowl requires logistics planning and execution to take advantage of the event’s revenue and profit opportunities. Here’s what’s involved. million U.S. million U.S.
According to psychology experts asked to comment on this phenomenon, the tendency toward panic buying is due to the nature of the Coronavirus event, which unlike more acute natural disasters, presents a largely unknowable prognosis relating to impact-timescales and intensity. percent of the country’s GDP.
DOT Week 2023 Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search Jackie Syverson - May 3, 2023 Every year, the Commercial Vehicle Safety Administration ( CVSA ) conducts its annual international road checks, also known as DOT Week or DOT Blitz. What is DOT Week? So, be patient.
Reports from Climate.gov show that escalating temperatures have increased the frequency and severity of extreme weather-related events. Shippers and carriers alike should establish a weather-related plan of action that can offset unexpected delays and help keep parties informed quickly in preparation for a catastrophic event.
Has anyone noticed recently that your linkedin feed is just full of a bunch of technology looking for a reason to exist and all sorts of conventions and other events people are attending? According the article cited above, FOBO can be a direct result of our "big data" world. They freeze. It is full of "advertisers".
The study, “Embracing a digital future: How manufacturers can unlock the transformative benefits of digital supply networks,” reveals a disconnect between executives’ opinions of their DSN efforts and actual implementation. Article Topics. April 10, 2018. About the Author. Subscribe to Logistics Management Magazine! Subscribe today.
Did it have a shock event? Body parts go missing all the time, so we have a blog article that people can look up on our website. The sweet spot for us is letting people know that there was a shock event and probably a lot of that merchandise could have been damaged. When you say shock event, is that a big pothole or an accident?
A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. But we’re also seeing many of the supply chain industry’s biggest digital pioneers displaying real moxie in recognizing the opportunity in front of them.
A case study, published by Modern Machine Shop several years ago, caught our eye recently. Although it was published in 2002, the case study highlighted the data collection struggles of a particular manufacturing company that probably rings true for many SMEs and large corporations alike.
The Cerasis “e-commerce” blog category has great articles on developing your strategy. We’ve conducted brand preference studies of manufacturers. Lot’s of questions here as many manufacturers and distributors are questioning what is beyond promotions, events / seminars and brand messaging. Differentiation.
Part Two offered examples where militaries get it right, and a number of examples where events did not transpire as well as they might. These articles might suggest to some that any attempts to devote time to addressing logistics readiness are likely to fail. I described the interplay between logistics and readiness.
A study of more than two million data points was done using the Ocean Insights platform. In the study, only carriers that moved more than 10,000 containers in H2 2019 were included. The result of this study was clear: container rollover is a serious issue affecting on average between 5 and 17% of all containers shipped.
To further compound the issue, some costs are incurred only in the event of problems arising at the ports of loading or discharge and are impossible to foresee when booking a shipment. Nevertheless, recent studies reveal that more than 50% of SMEs cite compliance and documentation as presenting a significant challenge.
Over the past year, there have been plenty of announcements and articles about the potential role and benefits of blockchain in supply chain management. Lakhani state in a Harvard Business Review article published last year. With headlines like these, it’s easy to see why blockchain is the most over-hyped technology at the moment.
It is necessary for us in the ADF to prepare for the confluence of events that inevitable occur over a longer term than we envisage. One study of twentieth-century conflicts since 1939 found that the average time between the ‘first indication of war and the firing of the first shots has been 14.3 Part two will be published shortly.
This article, which is focused on the different types of artificial intelligence used and the types of problems they are solving, is aimed at helping practitioners cut through the hype. These “events” are turned into supplier scores, and if significant the score goes flagged in the Oracle procurement system.
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Based on ARC Advisory Group’s recently released study of the market, this puts them in the top 5. Because supply chain planning is undergoing something of a technological revolution, this article will focus on o9’s technology and why their CEO believes it is differentiated. How did the company grow so fast?
Some more details from the article: In the spot market, where shippers hire trucks on short notice, there were about 10 loads waiting to be moved for every available truck in the week ending Jan. Jeff Berman from Logistics Management wrote a nice article summarizing my talk, so I encourage you to read his writeup.
Foreign governments, regulatory agencies, and world events greatly influence the flow of the global supply chain. In this article, we’re looking at the benefits of working with a dedicated global supply chain management specialist for your international logistics and transportation needs. Supply and demand also plays a pivotal role.
Summary of other articles. What better way to do that than to start publishing articles about their issues and sending them straight to their inboxes (if they opt in). The sales team started to hear comments from people they did not know that went like this: “We love your articles and look forward to getting them every week”.
Recent events have given the e-commerce industry a steroid induced growth spurt that online scammers all over the world are rushing to take advantage of. Studies indicate that 1 in 10 adults fall victim to scams every year.
A recent study from Congress found that while 46% of the national workforce is made up of women, females hold only 24% of transportation and warehousing jobs. View the Full Article on FreightWaves. Of that 24%, 12.5% work in truck transportation, 8% own logistics firms and 6.6% are truck drivers. BlueGrace’s No. BlueGrace’s No.
Whether that is the case or not, a brief study of the origins and progression of fleet route optimisation, covering the last three decades or so and looking forward to the near future, highlights in a spectacular way how technology, in particular, has revolutionised the business of logistics. Is Your Fleet Routing the Best It Can Be?
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