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
He is responsible for driving strategy, customer engagement, and industry analysis. During his tenure in the industry, he built innovative pricing and forecasting models, leveraging internal and external data sources to improve internal decision-making and increase profitability.
Global supply chains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China In response, many organizations have shifted toward decentralized and regionalized supply chain models, distributing production and sourcing across multiple regions.
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. Businesses can utilize advanced algorithms and machine learning models to predict demand and route performance under varying conditions.
Curtis is hosting the industry’s first live LTL Mastermind Event, November 9 th and 10 th in High Point, North Carolina. Curtis’ career has taken him through LTL operations – both driver and dock, Weights and Research, pricing, yield management, strategy, sales, and technology.
Recent disruptions have exposed significant vulnerabilities in traditional models, driven by geopolitical instability, fluctuating demand, and operational inefficiencies. Just-in-time (JIT) inventory models, lean supplier networks, and offshore manufacturing reduced expenses but left companies exposed to disruptions.
Thad is CEO at Austin-based Talroo , a data-driven job and hiring event advertising platform that helps businesses reach the candidates they need to build their essential workforce. He provides leadership, strategy, and guidance to all departments. Thad Price and Joe Lynch discuss the Talroo story. About Thad Price. About Talroo.
But in today’s world of pandemics, geopolitical shocks, and extreme weather events, efficiency alone is a fragile strategy. Understanding where each supplier fits helps determine the right risk mitigation strategies. Sheffis Resilience Framework Sheffis model suggests that true resilience comes from a balanced approach.
Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Brad Wheeler is the Senior Director of Customer Strategy at Emerge , the leading freight procurement technology platform. About Brad Wheeler. Key Takeaways: The FreightTech Dilemma. Learn More About The FreightTech Dilemma.
It allows operations to remain competitive even in unpredictable market conditions and supports a variety of business models and client needs. This approach protects the investment while enabling warehouses to adapt to shifting market trends and business models. Moreover, flexibility enables geographic expansion.
Let’s examine Amazon’s approach as well as the limitations of traditional supply chain planning, the operational benefits of AI, and the necessary steps for implementing AI-driven strategies. Organizations examine past sales trends, apply seasonal adjustments, and make forecasts based on historical models.
Therefore, it would be more prudent to explore how effectively (or not) a company is implementing recruitment strategies that encourage candidates with the right mix of ops and tech expertise. Since digital transformation is a principal feature in all business functions today, competition for hybrid talent is stiff.
With extensive connectivity across multi-tier supplier networks, stringent authentication, encryption, and zero-trust models are crucial for secure data sharing and mitigating vulnerabilities. The NMFTA Cybersecurity Conference , happening October 27-29, 2024, is the premier event for trucking and supply chain cybersecurity professionals.
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
Amul’s model supports small producers by integrating large-scale economics, cutting out intermediaries, and connecting producers directly with consumers. Amul’s supply chain model is a well-structured and decentralized cooperative framework that focuses on efficiency and farmer welfare.
MES and MOM in Industry Strategy and the Smart Factory Many advanced manufacturers have an industry strategy that aligns and supports the overall business strategy and its objectives. However, it should be noted that certain vendors refer to MES because it is familiar. What is an MES?
Datacenter Hardware: The demand for powerful computing to train ever larger and more accurate AI models is insatiable. AWS has custom AI chips Trainium and Inferentia , for training and running large AI models. Key announcements from the event include: Introduction of ChatGPT Pro : This broadened the usage of frontier AI.
Are you up-to-date with the latest events in freight shipping and logistics? 7 of the Best Freight Shipping Events to Attend in 2015. Check out some of the country’s top freight shipping conferences and events for the rest of 2015: Can innovative technology, new business models and eCommerce re-boot the business of logistics?
To ensure that the Emerge team develop fruitful relationships, Mark insists upon a communication strategy that includes quarterly business reviews (QBR), reporting key performance indicators, root cause analysis, lead-time analytics, cost-down goals, etc. The Emerge platform provides carriers access to more shippers and more opportunities.
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. These are not static dashboards or simple visualizationstheyre living, data-rich models of real-world operations.
Ilya was formerly a strategy and operations management consultant within the Big 4 with both PwC and KPMG, advising Fortune 1000 clients across healthcare, technology, and private equity verticals. PAXAFE predicts adverse events through the supply chain to de-risk B2B shipments and enable intelligent cargo insurance. About PAXAFE.
Since 2011 carriers, 3PLs, shippers, and logistics technology vendors have looked to CarrierDirect to deliver the efficiency, strategy, go-to-market plans, and technology that will elevate their business above their competition. Socio-political events like trade wars and political upheavals around the world. Financial implications.
It should be easy to connect to new data sources as the need arises, such as ESG or SNEW (social, news, events, weather) data. Mark Holmes Head of Supply Chain Market Strategy InterSystems Mark Holmes is Head of Global Supply Chain Market Strategy at InterSystems , a creative data technology provider.
Therefore, it would be more prudent to explore how effectively (or not) a company is implementing recruitment strategies that encourage candidates with the right mix of ops and tech expertise. Since digital transformation is a principal feature in all business functions today, competition for hybrid talent is stiff. Investing in Supply Chain?
It should be easy to connect to new data sources as the need arises, such as ESG or SNEW (social, news, events, weather) data. Mark Holmes Head of Supply Chain Market Strategy InterSystems Mark Holmes is Head of Global Supply Chain Market Strategy at InterSystems , a creative data technology provider.
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. The subscription model also enables Michelin to provide new services to mining operators to prevent tire failure. Book your ticket now. ].
However, unexpected events do happen. This solution goes beyond a statistical baseline forecast to an improved forecast model capable based on including other forms of data and using other algorithms.Like many, CONA and its bottlers are looking for the right use cases. Should it be used to forecast a group of materials?
Whether it’s the seasonal spikes or sudden increases due to events, being able to predict and adjust to these fluctuations is key. Grasping Demand Dynamics In food and beverage shipping, demand can vary significantly based on factors like seasons and events.
Dematic invites food retail professionals and experts to its upcoming hybrid event, “What’s in Store for Europe’s Food Retail” on Thursday, 26 October at Dematic UK headquarters in Adderbury (90 minutes from London). The event kicks off with a look at current trends and where food retail is heading.
COVID-19 and Hanjin’s bankruptcy both have had significant impacts on the global supply chain and share commonalities in the following ways: Disruptions to global trade: both events led to delays and increased costs for shippers and manufacturers who had to find alternative ways to transport their goods.
But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.
The post-COVID-19 (if we can claim to be post COVID) “new normal” will continue to be defined by new challenges and more importantly by the ability of the supply chain executives to manage disruption and their ability to power organization strategy and growth. Capabilities you should be looking to real world data modeling.
Situation Companies are increasingly confronted with complex planning scenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.
Here are seven proven strategies every supply chain manager should explore to streamline operations, boost efficiency, and drive profitability. By leveraging predictive analytics and a just-in-time (JIT) inventory model, you can maintain optimal stock levels, which reduces storage costs and cuts down on waste from unsold items.
The model learns continuously and can adapt to changing conditions in the network. Take events into consideration: Machine learning uses historical trends and events that can impact transit times, and use this information to provide predictions. These can include traffic conditions, port congestion, storms, and holiday closures.
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.
According to a report* by UCL Hazard Research Center, there were 16 weather-related events in 2017 in the United States alone that cost one billion dollars each. As your company has most likely experienced, the weather is a huge influencer in a supply chain’s strategy, performance, and bottom line. Annual revenue growth.
“The logistics industry has grown so complex, with so many challenges such as regulatory changes, capacity issues, pricing fluctuations, and worsening weather events, that customers are looking for a one-stop shop, backed by assets and technology, to help them navigate the current shipping environment. TMS enabling technology.
Companies that rely on reactive strategies risk falling behind, while those that prioritize resilience are better equipped to thrive. Reactive strategies focus on addressing issues as they arise, but these approaches: Lack foresight to predict disruptions. Inventory Forecasting: Use predictive models to anticipate demand spikes.
B2B, B2C, C2B, C2C, DTC — that looks more like a bowl of alphabet soup than a list of business models, and we’ve just scratched the surface. Let’s take a look at the different types of ecommerce business models out there, with some examples of each. What is a Business Model?
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.
The study revealed the core challenges that inhibit organizations from realizing the full value of Industrial AI are poor industrial data quality and management, internal silos, a lack of collaboration among relevant teams, and a clear strategy around Industrial AI. What Is an Industrial Data Scientist?
The final ingredient is the software , which includes both application software and platform tools like public cloud “serverless” and event-handling software. Step four is to select a data model to fit your needs as described in the earlier steps, particularly Step 2. Step six is to select an event-handling strategy.
For it to be an optimal solution, a mathematical model needs to be used. That model can then be used to analyze every new situation that arises. The model will help a company find a solution that is best for their relocated employees as a whole. Because of these similarities, they might group them all together in the model.
In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. The urgency of response to a disruption of a Category 1 supplier is of course much higher than that of a Category 4 supplier.
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