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When one thinks of supplychain software vendors, the name InterSystems may not spring to mind. The company aims to change this with the expansion of its data fabric portfolio. Business cycles are compressing and the need to make course corrections is exploding. ARC was recently briefed by InterSystems.
Peter Tirschwell and Joe Lynch discuss the post-pandemic supplychain. Peter is Vice President in the Maritime, Trade & SupplyChain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
Recognized as a leader in her field, Erika has been honored with the CISO’s Top 100 Accelerated CISOs Award (A100) and the 2024 Women in SupplyChain Award in the DEI Pioneer category. Erika holds a Ph.D.
Many global multinationals accelerated their investments in digitizing data during the pandemic. According to Colin Masson, a director of research at ARC Advisory Group, the opportunity to mine these vast quantities of data to achieve business value is “NOW.” Mr. Masson leads ARC’s research on industrial AI and data fabrics.
Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supplychain topics. Twice the Council of SupplyChain Management Professionals has formally recognized him: the Doctoral Dissertation Award in 1996 and the Distinguished Service Award in 2016.
Like any SupplyChain, Retail SupplyChains have their own unique challenges. They’re different from the SupplyChains you might see in industrial companies or wholesaling companies. The retail supplychain is dealing with the consumer directly and the customer really is King.
Many people get confused about KPIs or Key Performance Indicators in Logistics and SupplyChain operations. Still, in this article, I will help you evaluate the need for supplychain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Which ones to use?…
Thinking back on the many presentations, panel discussions and conversations over the course of the conference, a few unifying themes come to mind. As the logistics technology sector continues to mature, the number of tools, solutions and platforms that supplychain stakeholders are using (juggling?) are growing too.
Circular SupplyChains with Deborah Dull. Deborah Dull and Joe Lynch discuss circular supplychains. Deborah is the founder of The Circular SupplyChain Network where supplychain practitioners and thought leaders connect to explore how supplychain can accelerate the transition to a circular economy.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supplychain predicated on lowest-cost principles. Increasing supplychaindata visibility is a priority for logistics organizations looking to improve resilience. The COVID-19 crisis has hit the global supplychain from all sides.
Peter is Vice President, Journal of Commerce, the Maritime, Trade & SupplyChain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial.
The theme this year was “Chart Your Course” which Richard Stewart, EVP Americas at Körber SupplyChain pointed out, is all about overcoming supplychain complexities and challenges. First, supplychains do not operate in isolation. Data Visibility. SupplyChain Risk and Resilience.
Founded in 2020 after 19 years in the industry, Ameriton combines his passions: supplychain consulting and personal development. Their expertise lies in streamlining food and beverage transportation, alongside nationwide freight auditing, supplychain mastery, and transportation management services. Their vision?
Many large enterprises use one form or another of a supplychain application to help manage their supplychains. Supplychain vendors have been touting their investments in artificial intelligence (AI) for the last several years. Artificial intelligence is beginning to be used to update the data.
The solutions to supplychain problems boil down to the right combination of three factors—technology, data and processes. In the supplychain, problems are often overcomplicated. However, manufacturers, 3PLs and others in the supplychain often get lost in the details. That’s not true.
And Logistics Viewpoints has a history of its own supplychain predictions for the year ahead. My colleagues and I will likely publish a detailed list of predictions related to supplychain operations and technology. Here are some data that support my view. Media sources are filled with prognostication.
Getting started with AI in supplychain might not start where you think. Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supplychain and your data.
In the ever-evolving supplychain industry, transportation spend optimization – or TSO – has assumed greater significance. Globalization has expanded supplychains; the result is increased complexity and transportation costs. The benefit of these practices is also sustainability throughout the supplychain.
Digital Twin from Infor Nexus Drives SupplyChain Agility. When it comes to driving supplychain agility there are several solutions that are important, but the key solution is a Multi-enterprise SupplyChain Network (MSCN). COVID of course taught companies the need for agility. Stuff happens.
The toilet paper shortage was one of the COVID era events that taught people what the term “supplychain management” meant. The changes to the profession of supplychain management are dramatic. Firstly, the term “supplychain management” was not in general use before COVID. This worked.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supplychain performance requirements. What should supplychain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious SupplyChain Award. We need people that are adaptable.
Can the logistics industry handle more supplychain disruption? Severe weather events are becoming more intense and commonplace, causing supplychains to struggle. From intense hurricanes to wildfires, the growing effects of climate change on supplychains are becoming impossible to ignore.
For businesses of all sizes, the digital transformation of supplychain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on SupplyChain Digital Transformation projects.
Global supplychains suffer from limited visibility and a general want for supplychain intelligence in carrier sourcing , freight tendering and all other processes. Fully 70% of companies say their supplychain is either very or extremely complex and only 6% of companies have full visibility within their supplychains.
In February, Klaus Niebur, the director of global supplychain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. The implementation was not trivial.
That legislation is meant to regulate the flow of Chinese data overseas and ensure the gathering of such data is minimized, according to state-run media. Earlier this month, China punished an unnamed non-governmental organization for collecting “sensitive” maritime data and sharing it abroad.
In a prior post , I wrote about the various ways data is transforming global supplychains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented).
Manhattan Associates, a supplier of supplychain management software solutions and the market share leader for warehouse management systems (WMS), had their Momentum user conference a couple of weeks ago. These models can understand and generate answers to text prompts because they’ve been trained on huge amounts of data.
The best supplychain teams invest in technology as part of their continuous holistic operational improvements, not simply in reaction to temporary crises. Retailers, manufacturers and suppliers were caught off guard by supplychain congestion, unreliable suppliers and unpredictable demand during the COVID-19 pandemic.
Of course, the pandemic then hit global shores, not to mention the ripple effects of global trade wars. For global businesses, supplychain resilience is the name of the game. As a result, supplychain leaders have been exploring alternative, more predictable options. Challenges to growth with supplychain.
My recent conversations with the supplychain practitioners are dominated by supplychain risk — specifically geopolitical risks in light of the ongoing Russian invasion of Ukraine. Let us dive deeper into how supplychains are getting disrupted. Europe relies on Russia for around 35% of its natural gas.
Supplychain intelligence and actionable insights must apply the most accessible, near real-time data available. Analytic data resources for brokers are great, but it’s equally important to realize that FreightWaves SONAR is much more than a broker-exclusive resource. Of course, there’s another advantage.
Unfortunately, many supplychain leaders continue to regard reverse logistics as an archaic process that’s best ignored and left to individual brick-and-mortar facilities for management. The Benefits of a Data-Driven Retail Reverse Logistics Strategy. Faster time to resolution for returned items.
Michael Jacobs, Senior Vice President SupplyChain, Ferguson. Mr. Jacobs is the senior vice president for supplychain at Ferguson. While nominally a distributor, “supplychain management is our core competency. In particular, Ferguson’s supplychain is built for speed and to provide high service levels.
Massive supplychain disruptions are being experienced around the globe, and the causes are many and complex. Factors affecting the supplychain. When China shut down operations in a bid to contain Covid-19, supplychains ran out of material. How can businesses create the supplychain of the future?
“What’s the best way to use data to beat your competition as a freight brokerage business?” Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Furthermore, real-time data and SaaS-based resources have additional value in the form of enabling management by exception.
He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supplychains. Supplychain optimization has also improved in significant ways that can address these trade-offs better than before.
For business leaders, understanding these emerging trends is crucial to navigating the complexities of the modern supplychain and maintaining a competitive edge.” ” Strengthening SupplyChain Resilience “The past few years have underscored the importance of supplychain resilience.
Franklin Sports needed to protect sales in this category by improving their pickleball supplychain. To achieve that, Franklin Sports supplychain needed to be improved significantly. Without an efficient supplychain, a company can’t meet the demand that exists, and competitors swoop in and grab market share.
And of course, it hinges on the ability to understand and maintain consistency in your metrics. . They become essential to improving asset utilization within the shipping supplychain. Capture and analyze data inside and outside of your network to benchmark performance. Download the White Paper.
So, you are thinking about a career in supplychain? While this article is intended as an evergreen resource, to help you navigate in your search for a supplychain job, and is not a COVID-19-specific guide, the pandemic has galvanized attention on the industry and its criticality.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. Of course, it is helpful to have some statistics on hand to validate the statement above. SupplyChain and Business Success By the Numbers.
Quality and Detail of Data and its Analysis In some of our earlier posts, weve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It would be folly not to take advantage of data availability and accessibility.
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