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SupplyChain & Logistics News (October 28th – 31st) A day late but, Happy Halloween! This increase in spending is not due to candy prices rising, the results from the survey show an overall candy prices only increased 0.9% According to the S&P Global Market Intelligence Americans are spending upwards of 4.1
Rik Schrader and Joe Lynch discuss logistics and distribution transportation, which is one of the specialties of Rik’s company, Körber Business Area SupplyChain. About the Körber Business Area SupplyChainSupplychains are growing more complex by the day. Conquer supplychain complexity – with Körber.
Home No More Black Swans: The Age of SupplyChain Uncertainty Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses. Everything should be expected and planned for.
In today’s fast-paced e-commerce landscape, last-mile delivery has emerged as a critical component of the supplychain. To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain.
Logistics management solutions are meant to make your operation smoother but when your systems dont work together, they often do the opposite. Freight brokers, forwarders, and 3PLs have embraced digital tools CRMs, TMS platforms, load boards, quoting systems. Each tool adds value, but most werent built to work together.
You have tough decisions to make about your supplychain network design. About 38% of supplychain professionals say it takes weeks and 18% say it takes months to get the answers they need. What are the top 5 barriers to supplychain network design adoption? .
A look at the supplychain trends and technology that will come into play in 2018. Here is a look at how some companies in the supplychain sector are preparing themselves for the months to come. These concerns will extend into 2018, as companies work on a regulatory standard – though nothing has emerged yet.
The COVID-19 pandemic has exposed many risks and uncertainties in supplychain networks. How are companies leveraging scenario modeling for network design and optimization ? Current Technologies in Use for SupplyChain Network Design . Read on for common use cases. .
From shortages of personal protective equipment to a variety of grocery items to electronics and apparel, coronavirus ( COVID-19 ) has hit the global supplychain in expected and unforeseen ways, and it seems likely that it could take many months to recover. Bringing Analytics to SupplyChain Management.
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.
Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. Agentic AI involves creating a system of interacting agents, each trained on a specific task or dataset.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supplychain resiliency test. Supplychain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
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.
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.
Supplychain executives should take no comfort in being categorized as a support function. They need to ensure that their supplychain function ensures the sustained growth of their organizations. The research report, Drive Your Own Disruption: Is your supplychain in sleep mode?
That’s the question that continues to bedevil the global supplychain industry. As I detailed in a recent column , the answer to constant supplychain volatility is pervasive real-time visibility into the precise location, temperature or status of a shipment — at any point along the journey. Where’s my shipment? .
The supplychain industry is on a years-long digital transformation journey, and one of the key objectives that industry leaders almost universally aim to achieve is true end-to-end (E2E) visibility across their complex global networks of suppliers, partners and customers. So, what is true E2E supplychain visibility?
Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? Difficulty tracking their ESG progress due to a lack of data. Complexities integrating data from across global supplychains. Start with your supplychain. The challenge of change.
Part I in our series on assessing your network design’s maturity . How does you r network design compare to others ? It’s great to see the enthusiasm for this interactive tool. . Only about 22% use network designsoftware and 18% use network designsoftware with embedded analytics among this group. .
The following is an opinion article on AI in supplychains, 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, supplychains. AI in SupplyChains: We Need to Change Our Focus.
Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19. Data-Driven Strategies Become Core Value Proposition. This core principle of creating value through logistics data has ricocheted throughout FedEx’s IT restructuring and its future plans.
For a few years now, supplychain professionals and pundits have been speculating on what the so-called “new normal” will look like. Closer to home for supplychain professionals, driver shortages continue to plague the industry.
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supplychain leaders to reconsider supplychain inventory practices. Because switching from JIT to JIC is at best only a tool to address short-term problems and risk. Why tell this story?
A recent survey of 200 supplychain management professionals across companies with 500+ employees, conducted by Edelman Intelligence, has found market insights, confidence levels and trends for this peak season and beyond. SupplyChain Confidence Remains Strong Despite Slight Setbacks .
Data overload and quality issues are common problems faced by all organizations. This makes it really difficult to start getting value out of data with analytics. That’s why 60% of the time spent in analytical supplychain projects is spent collecting data. Data architecture to fit a multitude of your needs.
The frontier of AI strengths Recognizing this challenge, last fall leading academics from Harvard Business School, Wharton, MIT and the Boston Consulting Group (BCG) published an illuminating paper, which they artfully named “ Navigating the Jagged Technological Frontier.” The entire paper is worth reading, but here are three key takeaways.
Artificial Intelligence is not a new technology, but widespread adoption and use of AI and machine learning in supplychain is still in its infancy. There are many forms of AI, but for purposes of this article I’m referring to systems that use machine learning approaches to solve specific problems. Here are two examples.
Disruption has been the name of the game for more than a year as supplychain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supplychain volatility.
What are companies looking for in supplychain network designtechnologies ? We commissioned SupplyChain Insights to conduct independent research about this topic and discussed the findings in a recent webinar. What is supplychain network design? . ” .
You have tough decisions to make about your supplychain network design. About 38% of supplychain professionals say it takes weeks and 18% say it takes months to get the answers they need. What are the top 5 barriers to supplychain network design adoption? . – Tweet this.
In Part 1, we covered the business and technology challenges that the medical device industry is experiencing. Those manufacturers who are still using legacy or customized computer systems will find it difficult to make the necessary changes. Integration of design and manufacturing. Traceability.
The supplychain, however, offers the most fruitful area for improvement. For companies to achieve reductions in carbon footprints, they should look to sustainable investments in their supplychains for the greatest impact. Benefits of Sustainable SupplyChains. The added benefit?
We’re back and shining our spotlight on one of Parade’s supplychain solution partners, Turvo. Turvo’s Collaboration Cloud and modern TMS applications help streamline people, processes, and data for global supplychains. As a true SaaS provider, Turvo delivers rapid ROI with speedy, CX-guided implementations.
Essentially, digital transformation is the integration of digital technology into all areas of a business. Leading companies take a strategic approach, integrating digital technology throughout their value chains. This survey-based research gathers quantitative data as well as information on practices or performance drivers.
What are companies looking for in supplychain network designtechnologies ? We commissioned SupplyChain Insights to conduct independent research about this topic and discussed the findings in a recent webinar. What is supplychain network design?
How to Elevate Your Logistics Operations with AI & ML Technology Global supplychain organizations are embracing digitization to propel their supplychain planning to new heights. What is SupplyChain Planning? Data informs transportation capacity and rates.
Delivery as a Service encompasses a range of technologies and systemsdesigned to enhance the logistics of transporting goods. With advancements in technology and shifts in consumer expectations, understanding the intricacies of DaaS has never been more critical for companies aiming to stay competitive.
Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supplychain and logistics professionals today. The findings were derived from an online survey of 250 executives at leading U.S. Sourcing decisions can complicate or simplify this process.
Data overload and quality issues are common problems faced by all organizations. This makes it really difficult to start getting value out of data with analytics. That’s why 60% of the time spent in analytical supplychain projects is spent collecting data. Data architecture to fit a multitude of your needs.
Supplychaintechnology is a difficult, exhilarating topic to cover in detail. Supplychain managers will focus on several key supplychaintechnology implementations or considerations which will impact consumer spending habits, consumer-business interactions and performance measurement.
The success of your business links inextricably to the performance of your supplychain. you have to make your supplychain successful too. SupplyChain and Business Success By the Numbers. Conversely, just 8% of businesses with less capable supplychains report above-average growth.
The COVID-19 pandemic has exposed many risks and uncertainties in supplychain networks. How are companies leveraging scenario modeling for network design and optimization ? Current Technologies in Use for SupplyChain Network Design . Read on for common use cases. .
With many organizations undergoing rapid change to adapt to supplychain 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. According to the 2021 SYSPRO CFO 4.0
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. Before 2023, AI involved two technologies. Machine learning (ML): Using algorithms and data to detect patterns without being explicitly programmed to do so automatically.
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