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Supply Chain & Logistics News December 2nd – December 5th Experts claim that Cyber Monday the Monday following Thanksgiving is one of the busiest days for deliveries followed by the Mondays leading up to Christmas. As the demand sees no end and trade wars wage on, the future of the supply chain will not come without hiccups.
The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. First reaction s to the outbreak . – Tweet this.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Supply chain professionals know it can be extremely challenging to drive day-to-day operational excellence and pursue innovation at the same time. Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. Network Design.
When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. When the pandemic started in 2020, no one could foresee the impacts of the global supply chain disturbances would last this long. Response to disruptions.
Integrated Business Planning (IBP), as defined by its creators at Oliver Wight , is “the business planning process that extends the principles of S&OP throughout the end-to-end supply chain, product, service and customer portfolios, customer demand and strategic planning, to deliver one seamless management process.”
When sales forecasts are accurate, companies know they’ll have enough product supply to meet customer demand for those goods. When forecasts are wrong, or when organizations don’t take the time to plan them out in advance, the exact opposite occurs: product outages surface and issues can’t be solved in time. Planning is King.
In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked plannedtool investment. What is supply chain visibility?
From shortages of personal protective equipment to a variety of grocery items to electronics and apparel, coronavirus ( COVID-19 ) has hit the global supply chain 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.
These are trying times for supply chain planners. Supply Chain Dive reports that 75% of firm s in the US alone have reported supply chain shocks as a result of the pandemic. Do supply chain professionals believe they have a planning process that is robust enough to absorb these shocks and prepare for the future?
You have tough decisions to make about your supply chain network design. About 38% of supply chain professionals say it takes weeks and 18% say it takes months to get the answers they need. What are the top 5 barriers to supply chain network design adoption? . The following obstacles bog companies down: .
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. What should supply chain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious Supply Chain Award. We need people that are adaptable.
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 supply chains. This is an important time for the supply chain profession. For more information on the research, click here.
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. Another reason for dissatisfaction might be the tools used.
When companies want to digitally transform their supply chain capabilities, moving to an integrated business planning process (IBP) is often at the heart of the transformation. The roots of IBP are in sales & operations planning (S&OP). Mr. Sorenson has studied integrated business planning for many years.
Delegate research conducted by Netradyne at the Gartner Supply Chain Planning Summit has revealed the untapped potential of artificial intelligence (AI) to boost fleet safety for greater precision and profitability in supply chain logistics and transportation. Vice-President for International Business at Netradyne.
What’s on the horizon for supply chain professionals? Microsoft also announced they plan to be carbon-negative by 2030. . Many are relying on advanced analytics to optimize their supply chain for sustainability. Our recent Demand Forecasting survey shows that teams anticipate more complexity in the supply chain.
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Because switching from JIT to JIC is at best only a tool to address short-term problems and risk. Is supply chain inventory the problem?
In today’s fast-paced e-commerce landscape, last-mile delivery has emerged as a critical component of the supply chain. Utilizing advanced route optimization software, like RouteManager , is a growing trend, with 72% of global enterprises enhancing their supply chain strategies to optimize delivery operations.
How to Elevate Your Logistics Operations with AI & ML Technology Global supply chain organizations are embracing digitization to propel their supply chain planning to new heights. What is Supply Chain Planning? Data informs transportation capacity and rates.
While the pandemic was undoubtedly the catalyst for recent supply chain disruptions it’s not the only cause. Longstanding weaknesses in the supply chain like port infrastructure, outdated supply chain strategies and impacts of natural disaster and wars have all further affected global supply chains.
If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supply chain resiliency test. Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
Despite frequent discussions about AI’s potential impact on jobs, the majority of logistics workers are untroubled by automation, according to a recent YouGov survey commissioned by SafetyCulture. Beyond logistics giants, smaller companies are also capitalizing on AI for competitive advantage.
The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. First reaction s to the outbreak . – Tweet this.
In 2023 alone, over $100 billion was invested in EV and battery supply chain M&A deals. Additionally, customer demand for green solutions is surging, with a McKinsey survey indicating that 60% of consumers are willing to pay a premium for sustainable delivery services. According to Kearney s 2023 Reshoring Index, U.S.
Michael Jacobs, Senior Vice President Supply Chain, Ferguson. Mr. Jacobs is the senior vice president for supply chain at Ferguson. While nominally a distributor, “supply chain management is our core competency. In particular, Ferguson’s supply chain is built for speed and to provide high service levels.
It’s graduation season, so the hunt for critical supply chain talent is more vigorous than ever. We may be known for ensuring we can make and move “stuff,” but ultimately supply chains are human. So as you prepare to onboard new supply chain talent, are you ready to answer the questions they will have?
These are trying times for supply chain planners. Supply Chain Dive reports that 75% of firm s in the US alone have reported supply chain shocks as a result of the pandemic. Do supply chain professionals believe they have a planning process that is robust enough to absorb these shocks and prepare for the future?
Getting started with AI in supply chain might not start where you think. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supply chain and your data. Since this advice on getting started with AI in supply chain may seem counterintuitive, let me explain.
A year before, in 2014, a Harvard Business Review article pointed out that supply chains were becoming increasingly global and complex and consequently more at risk than before. Supply chain disruptions. Until recently, supply chains and other business functions focused on efficiency and cost. Supply chain resilience.
Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Consider Cyber Security Concerns in the Procurement Supply Chain.
Few organizations are immune to the effects, which are acutely felt in supply chains — and the more complex they are, the greater the probability of interruptions. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue. Collaboration is Key.
AIMMS has been active in the supply chain space for over 28 years. A s the most experienced supply chain professionals retire , CSCMP estimates that as many as 3.5 The competition for talent is tough, as “ demand for supply chain professionals is estimated to exceed supply by a ratio of six to one.
McKinsey, the global consulting firm, has done research and writing on supply chain collaboration. In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers.
“The costs of a new product’s supply chain can easily outstrip its profit generation, and consistently poor new product initiative management leads to SKU complexity, which can cripple the company’s supply chain.”. It also outlines nine best practices to ensure that new product initiatives increase value.
Change can be a good thing, particularly when it comes to getting a better handle on your supply chain spend. Managing supply risk is not a new concept; however, with growing dependence on suppliers paired with more complex global supply chains, it comes with greater challenges. Digitization is Your Friend.
Ever since COVID hit, supply chain executives have embraced supply chain risk management. Within this discipline, one of the toughest challenges is how to get visibility to problems arising across the extended supply network. Supply Chain Chaos is the New Norm. They call this their “n-tier” supply chain.
Contrary to general opinion, the causes of the supply chain disruptions currently being experienced worldwide were prevalent long before the Covid-19 pandemic. . The current war in Ukraine will further destabilize the global supply chain. Securing the supply of raw materials to keep the business going should be the highest priority.
However, technology has risen to dramatically alter the execution of supply chain functions. Technology poses the greatest opportunity for small- and medium-sized businesses to take advantage of innovative tools to ensure end-to-end tracking, visibility , and processing of products. Consumers Demand More Now.
Most c ustomers may never give it a second thought, but business owners are well-acquainted with the fact that supply chains operate like a well-oiled machine. Due to the COVID-19 pandemic, disrupted supply chains made it difficult to provide communities with pandemic response, including food, vaccines, and other medical supplies.
You have tough decisions to make about your supply chain network design. About 38% of supply chain professionals say it takes weeks and 18% say it takes months to get the answers they need. What are the top 5 barriers to supply chain network design adoption? . The following obstacles bog companies down: .
Twenty-seven percent of supply chain leaders have conducted a climate change risk assessment to identify their most critical supply chain 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.
What’s on the horizon for supply chain professionals? Here are three supply chain trends to consider. . Microsoft also announced they plan to be carbon-negative by 2030. . Many are relying on advanced analytics to optimize their supply chain for sustainability. This promises to be a very eventful year.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Supply chain professionals know it can be extremely challenging to drive day-to-day operational excellence and pursue innovation at the same time. Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. Network Design.
Supply chain 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 supply chain disruption, regardless of the source. A resilient supply chain may be stretched to the max, but it doesn’t break.
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