This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Most supply chain and logistics teams have recognized that the only way to combat todays incredible level of uncertainty is by adopting and applying digital tools. With its ability to monitor conditions across the supply chain at every node and touch point digitalization provides the only practical solution.
Digital twins are emerging as digital transformation accelerators for supply chain and logistics organizations seeking enterprise-level visibility, real-time scenario modeling, and operational agility under disruption. This article explores how digital twins are being deployed in transportation, warehousing, and network design.
of events and respond accordingly. Clarity of Impact: Context helps planners understand the significance of an event. For example, a warehouse inventory discrepancy may only matter if it affects high-priority orders or strategic customers. For instance, detecting a delay in a shipment is not enough.
Global supply chains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China However, recent disruptions including health crises, trade disputes, logistics bottlenecks, and climate-related events have exposed significant vulnerabilities in this model.
Jack Fiedler, the vice president for digital transformation of the global supply chain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supply chains. We have a lot of in-house solutions that we’ve built for our digital transformation, which is my area of expertise.
Companies use risk management software , like the Interos solution, to monitor and analyze supplier risk events in real time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when an adverse event has occurred or may be about to occur.
Even mom-and-pop stores and diners had to step up their digitalization game with the pandemic erupting. Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Digital Transformation Journey. Going Digital: Creation of the Digital Foundation.
Companies can also test-drive their supply chains by introducing the uncertainty of events that are difficult, if not impossible, to predict with accuracy. These events can range from minor supply disruption or canceled shipments to significant black swan events. suppliers impact your ability to deliver.
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.
Digitalizing sourcing (i.e., Digitalizing sourcing (i.e., Let us take the example of direct materials, i.e., materials that are used as components in making a finished product, such as a hard drive or RAM in a personal computer. Or say you are sourcing tomatoes to make tomato sauce, there are a large number of factors at play.
The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. To define what exactly it is, a digital twin is a virtual replica of a physical asset, process, or system. Simulation is the most widely used benefit of a digital twin. Physical change (i.e.,
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions.
Thanks to advancements in technology including cloud computing, internet of things (IoT), drones, and mobile, yard visibility and management are now reaching new heights as the picture of the “Digital Yard” comes into very clear focus. For example, companies can now do in days what used to take weeks of programming and customization. .
Are you trying to figure out how NOT to join the 70% who fail at digital transformation? As much as we conflate digital transformation with technology, without these missing ingredients your initiative will fail. Digital transformation is no longer optional. A survey by boom!
What Celanese has accomplished is the single best example ARC is aware of employing agentic AI and copilots at scale. Ibrahim Al Syed, the director of digital manufacturing at Celanese, was surprisingly forthcoming about how Celanese developed these capabilities at ARC Advisory Groups 29th Annual ARC Industry Leadership Forum.
The quarter was particularly impressive given, as you know, we were, a victim of a cyber ransomware event. The net of all this is that we’re set up for double-digit growth again. Returns, Mr. Tollefson pointed out, is an example of an application that must have the network at its core. The pipeline is described as huge.
This was an online event. Weisenberger is leading their digitally enabled shipping initiative, she works in distribution operations rather than transportation. Digitally Enabling Hot Loads. This is one of the company’s first steps to their digital transformation in shipping. What made Ms. Weisenberger said. “K-C
There is a multibillion-dollar supply chain software market that grew at double digit rates during the pandemic, and will continue to grow fast, that very few supply chain executives have heard of. ARC’s research shows the SCCN market is over $3 billion in size and is projected to grow at double digit rates for the next five years.
Digital transformation has been the core theme across the global ARC Industry Forums for the past few years, but this year it is more relevant in the aftermath of the pandemic. For the first time since its inception, the 25th Annual ARC Industry Forum in February was hosted as a virtual event. Five Pillars of Digital Transformation.
What added value do digital logistics intermediaries provide, under what framework, and how do they interact with customers? Digitalization of documents, as well as blockchain-based solutions for many responsibilities and functions, is one of the main boosters of that disruption. Digital Logistics. to manage all kind of tasks.
The supply chain has been choked by so many events,” it continues, “such as the Suez Canal blockage, and market dynamics like labor shortages and the spike in transportation costs that it feels like there’s been one ‘black swan’ event after another.”. What is Digitalization? Enhancing the Customer Experience.
As operational disruptions become more frequent and severe, integrating advanced technologies such as digital twins, IoT and predictive analytics can help companies anticipate, prepare for and adapt to these challenges. Adapting to Thrive One key technology driving challenge mitigation is a digital twin.
The process of digitizing global supply chains continues to generate a lot of interest and discussion in the industry, perhaps because it’s really about embarking on a transformational journey. What are the prerequisites to digital supply chain transformation? What is a “Digitized” Supply Chain?
” “With no digital technology to assist the route planning process, I had to estimate all route timings , and I could only use weight to gauge when a vehicle would be filled. After another few years, we upgraded to a new route-planning system based on digital maps. Here is how he explained the daily planning task to me.
What, exactly, can 'digital transformation ' improve upon? That’s how I felt when I first heard about digital transformation. Every article discussed the importance of digitally transforming the supply chain. Using First Principles to Understand Digital Supply Chain Transformation. Everyone seemed to know what it was.
If we’re going to be able to prepare for these types of events in future, we have to identify appropriate sources of information that we should focus on all the time — not just when [crisis] manifests,” said Randy Bradley, associate professor of information systems and supply chain management at the University of Tennessee.
Again, digital technology has arisen as the key to transformation, in the guise of services managed via online platforms. The Many Purposes of Supply Chain Platforms How is digital platform use likely to be a future hallmark of supply chain success? Unfortunately, its not that simple.
According to the survey, 44% of respondents have a general sense of potential climate change risks based on previous events. However, the past is not a good predictor of future climate change events, as the severity and impact of events will escalate. Lack of Foresight is Biggest Challenge.
Giving credit where credit is due, this isn’t just a testament to what we have achieved – it’s a significant industry achievement, reflecting the fact that a conservative industry is finally going digital for real. Freight is digitizing itself now at real scale. The industry is taking digitalization seriously.
Digital twins are becoming big business, says Toby Mills, CEO of Entopy. A digital twin is a virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and uses simulation, machine learning and reasoning to help decision-making. It acts as a bridge between the physical and digital worlds.
For example, the catastrophic Tohoku earthquake and tsunami a few years ago resulted in a massive US$210 billion in costs for Japan. Digitizing your supply chain management processes can enable you to do just that. You’re proactive, not reactive. Your chosen platform should be able to tell you today what is going to happen tomorrow.
Here at Freightos, our vision is to digitalize international freight–air and ocean. Consider the most basic, almost trivial, level of digitization: replacement of paper waybills with digitalway bills. Air waybills are over 80% digitized (according to IATA), but ocean bills of lading are struggling to get to 2%.
However, postal services and logistics companies are building digital twins to achieve just that. Powered by data-driven virtual models that can simulate real-world operations, digital twins are allowing the sector to predict the future and plan for it. This can be replicated in the digital twin and the effects observed.
Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. Examples are industrial robots and multipurpose CNC machines. For example, full warehouse automation to support event-driven, mission-critical system delivery.
For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% Logistics Digitalization Provides an Answer. Transportation: Moving to a Digital Environment.
Meeting these challenges will require a ‘digital first’ approach and put pressure on organisations to start thinking about their supply chains through a ‘regenerative’ lens. It is still early doors, but large incumbents are contending with the challenge of quickly adapting legacy systems to a digital-first environment.
Geopolitical events. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. Digital technologies will allow companies to increase their visibility, collaboration, speed, and responsiveness ? Natural disasters.
Samsara is the pioneer of the Connected Operations Cloud, an integrated platform that enables customers to access, analyse, and act upon real-time data to digitally connect their physical operations. The post Driving Resiliency and Digital Transformation appeared first on Logistics Business® Magazine.
Ellison presented a fascinating vision centered on how technology can be used to digitally disrupt a 10,000-year-old industry. Generative AI is a major topic at all the enterprise events this year. For example, an air conditioning manufacturer might sell not just the air conditioner but a yearly service agreement.
spoke on best practices on supply chain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. The implementation of this digital risk platform was supported by targetP!, It will link all initiatives within the supply chain function and be enabled by our digital solutions and all data sources.
Latest release of DCSA’s Just-in-Time Port Call Programme provides interface standards and API definitions for all 50 port call event timestamps. The interface standards allow carriers, ports, terminals and other service providers involved in a port call to exchange event data in a uniform way, enabling automated data exchange.
Logistics Business magazine, in association with Aptean, has produced a short digital issue eBook about Transport management operations and cloud-based route planning. In this 8-page special guide, Editor Peter MacLeod talks to Aptean’s spokespeople Gail Skinner and Ben Glossop about the benefits of digitization.
12,000 SAP customers and partners attended the event, and another 15,000 watched remotely. I might tell Alexa, for example, “Play the station Smooth Jazz!” For example, when GenAI is used to write job descriptions, aggregated anonymized customer data can improve the results. In contrast, Joule is Business AI.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content