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July 23, 2024 Update

Freightos

Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. More Resources Home July 23, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

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Editor’s Choice: AI in Supply Chains: Which Data is ‘Just Right’ for Your Business?

Logistics Viewpoints

Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article comes from Greg Quirk, Product Marketing Manager at Kinaxis and looks at AI in supply chains. Data is the lifeblood of AI in the supply chain. Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dy

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The Cybersecurity Problem (and Opportunity) in Supply Chain Management

Talking Logistics

John Adams famously said, “Every problem is an opportunity in disguise.” I recalled this quote when I read that Google is reportedly acquiring cloud security company Wiz for $23 billion. As reported by Reuters, this would be “Google’s most expensive acquisition and provide it with cybersecurity products that defend against ransomware gangs wreaking havoc on.

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Prioritizing Quality Over Quantity in Academia

SCM Research

It is up to all of us to make academia a better place. As we take on roles as members of tenure committees, doctoral committees, editorial boards, department chairs, and deans, we have a choice to focus on the quality rather than the quantity of academic ideas. I believe that most academics are intrinsically motivated and do not require additional incentives.

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Provide Real Value in Your Applications with Data and Analytics

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Global Giants: ICAT Moves the World’s Largest Cargo with Chris Cser

The Logistics of Logistics

Chris Cser and Joe Lynch discuss global giants – ICAT moves the world’s largest cargo. Chris is the Director of Operations at ICAT Logistics Detroit where they handle the shipments that other companies don’t, can’t, and won’t. Summary: Global Giants: ICAT Moves the World’s Largest Cargo In this podcast, Chris Cser, Director of Operations at ICAT Logistics, takes us on a journey through the complex world of global logistics.

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Skeptics Guide to AI in Logistics Technology

Talking Logistics

Transport and logistics folks are a dubious bunch. Our skepticism may be an innate trait that self-selected us into our chosen profession, or perhaps it is a learned behavior. I tend to side with the latter proposition. We don’t believe 3PLs, carriers, and brokers when they make extraordinary claims around service or cost, and we. Read more The post Skeptics Guide to AI in Logistics Technology appeared first on Talking Logistics with Adrian Gonzalez.

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Examples of Supply Chain Adjustments and Process Improvement Trends in Manufacturing

AIMMS

An example of a top strategic shift is adopting a more agile and iterative approach to supply chain optimization supported by technology.

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Reynolds’ Continuous Improvement Journey Across a Dynamic Supply Chain

Logility

The consumer products giant, Reynolds Consumer Products is helping keep food fresh longer and kitchen safe. With approximately 95% of American households relying on products like recyclable aluminum foil, self-sealing wax, freezer paper, disposable bakeware, trash liners, and more, this organization strives for continuous improvement in their supply chain.

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Are We Headed For Pandemic-Level Supply Chain Disruptions?

Freightos

Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. More Resources Home Are We Headed For Pandemic-Level Supply Chain Disruptions? Judah Levine July 17, 2024 The combination of an early start to peak season back in May, Red Sea diversions making capacity tight and knock-on port congestion making supply even tighter has pushed ex-Asia container rates to double or triple in the last two and a half months from their already

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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Above the Fold: Supply Chain Logistics News (July 19, 2024)

Talking Logistics

I found myself in an ambulance at mile 58 of last Saturday’s Breakthrough T1D Ride in Burlington, VT. I was involved in a crash. I was in a pace line and two riders ahead of me rubbed tires with the rider in front of him. He lost his balance and fell, causing the rider in. Read more The post Above the Fold: Supply Chain Logistics News (July 19, 2024) appeared first on Talking Logistics with Adrian Gonzalez.

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The Rise of A.I. Is Not Like the Dotcom Bubble

Enterra Insights

Nearly three decades ago, the world experienced what became known as the dotcom bubble. Many of the start-ups that popped up during that time raised significant amounts of capital, spent it lavishly, and went bust. Economic sociologist Adam Hayes explains, “The dotcom bubble, also known as the Internet bubble, grew out of a combination of the presence of speculative or fad-based investing, the abundance of venture capital funding for startups, and the failure of dotcoms to turn a profit.

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Scaling Your SMB Freight Brokerage with Sean Smith

The Logistics of Logistics

Sean Smith and Joe Lynch discuss scaling your SMB freight brokerage. Sean is VP of Product at Denim , a trusted freight factoring partner on a mission to advance the supply chain by accelerating the movement of money and data. Summary: Scaling Your SMB Freight Brokerage In this insightful podcast series, Joe Lynch and Sean Smith delve into the dynamic world of small and medium-sized (SMB) freight brokerage businesses.

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Dock Scheduling for Disaster Preparedness and Recovery

C3 Solutions

Natural calamities like hurricanes, earthquakes, heavy winters , and floods are becoming worse year after year and have disrupted global supply chains, especially in the U.S. They seriously affect all logistics—maritime, inland, rail, highway, warehousing, and storage.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Lessons from korfball

Supply Chain Movement

My academic life is intertwined with the supply chain profession. I have done research covering the entire field, from strategic supply chain choices to detailed production planning. The world of korfball has largely dominated my private life; I have been a player and a coach, but mostly active as a committee member. This sport has its roots in the Netherlands, but is now played in more than 80 countries.

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How Transloading Facilities Can Benefit Your Supply Chain

West Coast and California Logistics

When your imported products hit the port, do you want them to head out to market as quickly as possible? If so, it’s time that you give transloading a closer look. In this article, we’ll examine transloading in greater detail, including what you should look for in a 3PL provider that operates transloading facilities.

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Digital Transformation and the Death of Industrial Age Business

Enterra Insights

In May 1897, rumors swirled among journalists that author Samuel Clemens (aka Mark Twain) was either dead or dying of a serious illness. Looking to confirm the rumors, the New York Journal’ s Frank Marshall White contacted Clemens to see if there was any truth to the rumors. In a letter response, Clemens wrote, “The report of my death was an exaggeration.” Over the years, Clemens’ humorous response has been tweaked a bit and is often misquoted as “The report of my death h

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Blue Yonder Associate Honors Her Family’s Angels This Disability Pride Month

BlueYonder

July is Disability Pride Month, which is celebrated in alignment with the passing of the Americans with Disabilities Act (ADA) in July 1990. The month aims to bring awareness of the positive pride felt by those within the disability community. In honor of this month, Blue Yonder Associate Shawnna Cutforth, a Senior Marketing Operations Manager, shares her personal experience as a parent of a child with special needs and her immense appreciation for the wonderful individuals that make up #TeamKei

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Watch: Today's Supply Chain Priorities: Where's the Tech Spend?

Supply Chain Brain

Supply chain leaders are expected to increase investment in technologies over the next two years, but they must prioritize what they want to implement, says Carly West, senior director analyst at Gartner.

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Make AI-Driven Inventory Optimization an Ally for Your Organization

The Smart Software

In this blog, we will explore how organizations can achieve exceptional efficiency and accuracy with AI-driven inventory optimization. Traditional inventory management methods often fall short due to their reactive nature and reliance on manual processes. Maintaining optimal inventory levels is fundamental for meeting customer demand while minimizing costs.

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Building the business case for Supply Chain Planning Software Implementation

Arkieva

Calculating expected benefits and demonstrating ROI for supply chain planning software implementations are critical. Attend our webinar and learn how. Building the business case for Supply Chain Planning Software Implementation was first posted on July 16, 2024 at 8:48 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

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SEMICON® West 2024 Takeaways: Semiconductor Investments to Drive Industry Growth

Resilinc

Continued investment in semiconductor manufacturing was a resounding theme at the annual SEMICON® West conference, held July 9-11, 2024 at the George R. Moscone Convention Center in San Francisco. Factors driving growth across the industry include: Global economic and political efforts, 64 countries have elections this year Market modernization driven by Cloud, generative AI, and quantum computing Increased focus on sustainability as energy consumption from semiconductor manufacturing is set

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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Drones Promote the Development of the Gas Detection Industry

IT Supply Chain

By Ian Benson (pictured) Content Writer The post Drones Promote the Development of the Gas Detection Industry appeared first on IT Supply Chain.

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Watch: Case Study: An NGO Helps Multinationals to Tackle Modern-Day Slavery

Supply Chain Brain

A case study exploring how Hope for Justice and Slave-Free Alliance partnered with Exiger to adopt its supply chain visibility platform and pinpoint modern-day slavery problems across complex supply chains.

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Potential Efficiency Improvements: Vehicle Efficiency in Businesses

SCMDOJO

Vehicle efficiency is a critical factor for businesses operating trucks. It directly impacts operational costs and environmental footprint. This blog post explores various strategies that can significantly improve vehicle efficiency in truck operations. Implementing these practices can lead to substantial business cost savings and a cleaner environment.

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Happening Now: Port of Long Beach Sets New June Cargo Volume Record

West Coast and California Logistics

According to Supply Chain Dive , The Port of Long Beach achieved a record-breaking June by processing 842,446 TEUs, marking a 41% year-over-year increase. This surge, attributed to high consumer demand, potential tariff hikes, and labor contract concerns for East and Gulf Coast ports, surpassed the previous record set in June 2022.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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What is Landed Cost and Its Importance?

QAD

Introduction The accurate analysis and calculation of total landed costs is imperative for organizations with global supply chain operations. However, many companies overlook common cost elements including duties, tariffs, taxes, harbor fees and handling fees, to name a few. Companies also employ tactics that theoretically reduce costs but, in many cases, generate cost savings in one area while increasing the total landed cost.

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Don’t Believe the CAO Hype

IT Supply Chain

By Colin Redbond (pictured) Global SVP for Product & Strategy, SS&C Blue Prism The post Don’t Believe the CAO Hype appeared first on IT Supply Chain.

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New Report Says Supply Chains Must Embrace AI Now, or Be Left in the Dust

Supply Chain Brain

The progress of supply chains in adopting AI varies widely. So does the return on investment. But according to one recent study, there’s one strategy that guarantees failure: doing nothing.