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SupplyChain & Logistics News (October 28th – 31st) A day late but, Happy Halloween! This is nearly double the amount from a decade ago and it seems to be in line with the trend of Halloween gaining popularity in the last few years with the help of social media. billion dollars on Halloween candy this year.
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. .
A look at the supplychaintrends and technology that will come into play in 2018. While predicting the future is never an easy task, in order to be competitive all businesses need to be able to accurately anticipate what trends will affect them in the coming year. Standardizing IoT. Investing in Innovation.
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.
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.
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.
This post is from a press release sent to us regarding the recent survey of the 3PL industry. This survey continues to point towards the success 3PLs are having for their clients. For Cerasis, a 3PL is any company that provides technology or services to carry out any of the functions of the supplychain. percent and 11.50
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supplychain leaders to reconsider supplychain inventory practices. Calls are increasing for a return to just-in-case (JIC) policies, with some citing this trend as a 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 .
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 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. .
In today’s fast-paced e-commerce landscape, last-mile delivery has emerged as a critical component of the supplychain. In this article, we will explore these last-mile delivery optimization strategies and the role of route optimization software as we look ahead to industry trends shaping the future of delivery in 2025.
An up-close look at the the young people who embody the best traits of the new SupplyChain Generation. While the ratio of male-to-female managers in the supplychain field has hovered around 9:1 for an uncomfortably long time, that trend may slowly but finally be changing. Mitchell Agee, The Boeing Company.
3 SupplyChainTrends to Track in 2019. We’ve had a busy final quarter of 2018 here at Logistics Bureau, so it was somewhat later in the year than usual when I got to thinking about what’s been going on in the supplychain world at large, and which developments are likely to keep the industry on its toes in the coming year.
Supplychains are messy. Blockchain in SupplyChain Can Help. WHITE PAPER] The Top SupplyChainTrends that Will Impact SupplyChain Management in 2018. The inefficiencies that plague supplychains have seemingly been around forever. Blockchain in supplychain changes that.
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.
However, modern technologies are dramatically changing procurement trends and how procurement professionals operate and their role in the company. Why Is Technology Driving Procurement Trends and the Role of Procurement? How Is Procurement Gaining a Larger Following? However, many of these processes are becoming increasingly automated.
Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supplychain. However, remember that products or subassemblies that never made it out of the factory may need to travel backwards one or more stages along the supplychain. Forecast demand better.
Despite all challenges, the supplychain industry is on the cusp of new dawn due to artificial intelligence (AI). Currently, only about 12% of all supplychain professionals are using artificial intelligence for operational purposes. Logistics and supplychains fall in this category.
Imagine you’re an executive of a large international business who has just discovered an excellent opportunity of entering a new exciting market just in time when your product design team has developed a perfect product for that market. Do you think that your supplychain management is good enough for this market?
Modern supplychains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Meanwhile, cloud technology enables companies to expand infrastructure without significant investment or use of resources, reports AXIT of SupplyChain 24/7.
Supplychain technology is a difficult, exhilarating topic to cover in detail. Supplychain managers will focus on several key supplychain technology implementations or considerations which will impact consumer spending habits, consumer-business interactions and performance measurement.
Shipping and freight professionals want to change their supplychain strategies post-Covid, according to a recent survey. Answered by over 300 Shipping and Freight Professionals across the world, the survey brought out some key indicators that will inform the future course of global supplychains.
Cost savings used to be at the top of supplychain managers’ agendas. However, in an increasingly volatile world, the design of robust value chains is increasingly becoming the focus of decision-makers. Supplychains are interrupted overnight, freight capacities and equipment are missing without warning.
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. The modern CFO. The SYSPRO CFO 4.0
Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supplychains. A key component of this technology trend is the need for a supplychain visibility platform. Gartner research on real-time visibility.
As we close out 2024, businesses across the globe are reflecting on the challenges and triumphs of their supplychains. In this report, well explore the key trends that are shaping the future of supplychains and how businesses are responding to a rapidly changing environment.
Leading companies take a strategic approach, integrating digital technology throughout their value chains. The majority of time when people are discussing digital transformation, they are not directly referring to the digital transformation of supplychains. There are many areas of digital transformation within the supplychain.
The art of designing and managing supplychains, facilities, warehouses, transportation and distribution for organizations that don’t specialize in logistics management, contract logistics encompasses a broad range of services that allow companies to do what they do best: grow their own businesses. The trend of nearshoring.
Post-COVID SupplyChainTrends. You may be surprised to discover how much manual processing still exists in supplychain today. You may be surprised to discover how much manual processing still exists in supplychain today. 3PLs will help them design a fulfillment strategy. Nearshoring.
Improving predictability in outcomes is valuable, but ensuring your supplychain is nimble enough to act on the data is even more so. With demand forecasting being complex, it is easy to lose supplychain visibility. The presence of data throughout the supplychain is vital to its evolution.
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. The more data they process, the better they become at recognizing patterns, identifying trends, and making predictions. The use and discussion of AI has become common.
At the onset of 2016, we identified key trends to watch for in manufacturing, and as the year draws to a close, it’s time for an evaluation of our predictions to discover the state of manufacturing. This is the fundamental concept behind most supplychain processes, so let’s take a closer look at what was expected versus what happened.
Trends likely to drive Singles’ Day sales. Supplychain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game. For the last few years, there has been an increased focus on sustainability in the retail sector.
SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supplychains. the digitisation of manufacturing. What is 3PL?
In today’s interconnected global economy, supplychains play a vital role in the success of businesses. SupplyChains Under Disruption: A Financial Toll Recent years have witnessed several disruptions that have shaken global supplychains, causing major financial setbacks for companies.
Why measure the performance of a supplychain? Because a supplychain is increasingly the sole competitive differentiator for an enterprise, and measuring its performance helps to improve it and detect and solve any problems. However, traditional enterprise measures of performance do not work for supplychains.
A survey series by the Logistics Hall of Fame in cooperation with the logistics insurance broker Schunk Group looks at the current risks facing the logistics industry and how companies are preparing against them. More than ever, current trends and global political developments are creating new challenges and putting pressure on supplychains.
With that in mind, we summarized seven warehousing stories and trends from last year and indicated here what they mean for the year ahead 1. What it means for 2019: FedEx’s adjustment shows the extensive impact of high volume on supplychains. Walmart’s announcement 3. The story on the Port of Los Angeles 5.
The bank said Friday that it is launching new “Supply Availability Indexes” via a blog posting on Monday that going forward will feature as part of its regular monthly surveys of regional business activity. The indexes will feature in future Empire State Manufacturing and Business Leaders surveys, the bank said. billion.
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.
Robinson Director of Research and Market Intelligence: The truck driver shortage is top of mind for many as supplychain disruptions continue, port backlogs persist, and the gap between inventory supply and sales demand widens. A note from Steve Raetz, C.H. A few caveats about these data are in order.
Project cargo weight on these possible compromised roads and railways should be a concern even with DOT route surveys. In the future, DOT may require additional route surveys and bridge studies for weight distribution. Right now, the going trend in the U.S.
C-TPAT survey gives members chance to sound off Are companies who participate in the Customs-Trade Partnership Against Terrorism really achieving tangible efficiencies by partnering with the U.S. government to secure their international supplychains?
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