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I was hoping the retail chains carrying this brand had some in their stores, but after checking 10+ retailers, to my surprise, it was nowhere to be found, and the only website that had it was charging $200 more than the MSRP! We can say things have changed, and the pandemic is not just an anomaly event after all.
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.
The virus continues to compromise supplychains and disrupt companies at a troubling rate, but a re businesses prepared from a supplychainplanning perspective? . The era of globalization has enabled supplychains to be broader and more connected. First reaction s to the outbreak .
His expertise includes strategic planning, brand positioning, advertising, public relations, website strategy and design, and development of white papers, case studies and other content. These buyers now have access to a wealth of information and do their own research on how to solve supplychain problems, and what providers can do to help.
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. But 44% of respondents didn’t have a plan to deal with it.
The global supplychain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. Regulations may be more of a driver in the future.
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.
The supplychain management uncertainty in the post-COVID world shows no signs of letting up. With current conditions, it looks like there may never be a return to the pre-pandemic era of supplychain stability. How SupplyChain Management is changing. Benefits of a SupplyChain Management solution.
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.
Within the next week, New York will be bustling with people attending fashion shows, brand events, and participating in Fall 2024 Fashion Week. Over the past three decades, three technological shifts have transformed the fashion industry. Now Let’s Get to The SupplyChain & Logistics News for the Week!
The vastness of the supplychain can often feel as overwhelming as the ocean’s expanse. And just like the ocean’s unpredictable nature, sudden disruptions within the supplychain are similarly difficult to forecast. The answer lies in technology. And it does translate to serious business losses.
Typically, we make it at least one month into the new year before we have to revise our plans. However, it’s only early February 2024, and we already have several major disruptions impacting supplychains. This is an important time for the supplychain profession. For more information on the research, click here.
Getting started with AI in supplychain might not start where you think. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supplychain and your data. Since this advice on getting started with AI in supplychain may seem counterintuitive, let me explain.
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?
Many companies were in the midst of digitally transforming their supplychain 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 SupplyChain journeys. Plan and Execute for Success.
I work in supplychain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supplychain failed them, creating an eleven-month saga and unhappy customer. The issue wasn’t poor planning – they had the inventory. I should have known better.
In a survey of 150 global manufacturing executives, 47% committed to improving supplychain visibility and tracking. According to the Global SupplyChain Disruption and Future Strategies Survey Report, this goal was the top-ranked plannedtool investment. What is supplychain visibility?
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.
In today's highly competitive marketplace, it’s imperative for businesses to innovate new ways to streamline their supplychain and optimize productivity. Additionally, through a more stable and efficient supplychain, you can greatly enhance customer satisfaction and retention. Computerized Shipping and Tracking.
A year before, in 2014, a Harvard Business Review article pointed out that supplychains were becoming increasingly global and complex and consequently more at risk than before. Supplychain disruptions. Until recently, supplychains and other business functions focused on efficiency and cost.
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.
This promises to be a very eventful year. What’s on the horizon for supplychain professionals? Microsoft also announced they plan to be carbon-negative by 2030. . Many are relying on advanced analytics to optimize their supplychain for sustainability. Here are three trends to consider. .
Getting the raw materials needed to maintain production is one of the most important parts of the whole supplychain. However, following these 10 practices can help you learn how to reduce spend in the procurement supplychain. Use External Benchmarking Tools.
Supplychain disruption is a fact of life for every company that moves any type of product. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supplychain disruption, regardless of the source. A resilient supplychain may be stretched to the max, but it doesn’t break.
Wishing your supplychain were strengthened rather than strangled under these conditions? There’s an older term now being applied to supplychains for this capacity: antifragility. As much as we conflate digital transformation with technology, without these missing ingredients your initiative will fail.
Often times at Logistics Viewpoints, we like to look to the future and highlight the key trends that we see in a given market, or make predictions about what technologies will emerge as game changers in the new year. 5 SupplyChain Predictions for 2023 ; Dr. Madhav Durbha ( Coupa Software ) So much has changed in a year!
In today’s interconnected global economy, supplychain disruptions have become a prevalent challenge for businesses across various sectors. The Cost of SupplyChain Disruptions Recent studies, including one conducted by Accenture , have highlighted the staggering costs associated with supplychain disruptions.
Geopolitical events. Prior to 2020, every supplychain in the world was challenged by increasing levels of demand unpredictability and market volatility. The sudden onset of COVID-19 only reinforced a lesson that supplychain professionals had already realized: uncertainty is the only real certainty.
The world is abuzz about the digitalization of everything from operations to logistics, and many industry analysts and thought leaders are weighing in on the significant impact that visibility, greater innovation and faster time to market can have on an industry—which are all gains that can be traced back to an increasingly digital supplychain.
Many companies struggled to link longer term plans with unexpected short term supply and demand issues. With increasing disruptions and uncertainty, teams need a way to continuously monitor and balance demand and supply in order to fine-tune operations. 2020 was full of surprises. Namely, manufacturing, food, and healthcare.
Much, much better– Approximately two weeks ago, we fully launched our platform and have begun selling! Pictured: Camille Carpenter, VP of Technology and Technical Sales. has been hard at work dreaming up, creating, testing, piloting, tweaking, marketing, and now beginning to sell access to our Track and Trace Platform.
The virus continues to compromise supplychains and disrupt companies at a troubling rate, but a re businesses prepared from a supplychainplanning perspective? . The era of globalization has enabled supplychains to be broader and more connected. First reaction s to the outbreak .
When one hears “supplychain,” typically they first think of the physical components; the raw materials needed by a specific time for manufacturers or finished products to retail stores. The digital parts of supplychains work in a similar fashion. WHAT IS CYBER SUPPLYCHAIN RISK MANAGEMENT (C-SCRM)?
Supplychain disruptions are just a part of doing business. Seasonal events such as holiday shopping, black swan weather events, geopolitical tensions, and, in the case of 2020, a global pandemic. companies reported supplychain disruptions due to coronavirus-related issues. Nearly 75% of U.S.
Last week, Clint Reiser published an article highlighting our 2022 supplychain predictions. While we have published predictions about supplychaintechnology trends at the beginning of the year in past years. This year we have decided to lead with our predictions about the broader supplychain function.
Marisa Brown, Senior Principal Research Lead, SupplyChain Management at APQC (American Productivity & Quality Center) recently gave a presentation at ARC Advisory Group’s SupplyChain Forum. Because of the pandemic, risk management surrounding sourcing has become top of mind in supplychain organizations.
Editor's Note: Today's blog is from our friend Kevin Hill with Quality Scales Unlimited who shares his expertise regarding the key trends in supplychain and transportation management. . Supplychains, both international and domestic, are under constant pressure to reduce their costs and enhance performance at the same time.
In early May, I participated in one of the supplychain industry’s premier events, which attracted more than 3,500 logistics professionals. I attend this conference every year, but this time, strolling the exhibition floor and surveying the 110+ technology providers’ latest wares, I was struck by a dichotomy.
Twenty-seven percent of supplychain leaders have conducted a climate change risk assessment to identify their most critical supplychain risks, according to a survey by Gartner, Inc. According to the survey, 44% of respondents have a general sense of potential climate change risks based on previous events.
Women’s History Month is an annual declared month that highlights the contributions of women to events in history and contemporary society. We have certainly seen more focus on women in supplychain over the last few years, and nearly every conference that I attend has tracks dedicated to women in supplychain.
Over the years, cost and efficiency ruled the supplychain agenda. The Chief SupplyChain Officer (CSCO) has gained prominence as organizations tackle the disruption and prepare for a post-COVID world. Corporations across industry verticals are looking to diversify sources of supply beyond China.
Supplychain shortages have caused prices to rise globally on just about every consumer good imaginable. Descartes acquires XPS Technologies. Target expects squeezed profits from aggressive plan to get rid of unwanted inventory. And mangoes are no exception. Waymo is teaming up with Uber on autonomous trucking.
In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the SupplyChain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations.
To better understand the state of European supplychains, FourKites , the real-time supplychain visibility platform, partnered with Reuters Events to survey over 450 supplychain leaders across the continent, with particular emphasis on the United Kingdom, Germany and the Netherlands.
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