article thumbnail

Blockchain for Supply Chain: A Comprehensive Guide for Businesses

SCMDOJO

Initially introduced by Nakamoto in 2008 in his publication on Bitcoin, blockchain technology refers to a decentralized peer-to-peer network that runs behind Bitcoin transactions. They collaborated to trace a bundle of sliced mangoes back to its source, with traditional paper documents taking nearly seven days to complete the task.

article thumbnail

What’s the Solution to Power Outage Proliferation

USC Consulting Group

In 2017, the most recent year in which complete data is available, outages totaled 3,526 nationally , according to estimates from Eaton. And between 2008 and 2017, the total was close to 4,300, more than doubling the amount in Texas, which saw the second highest number at 1,603, Eaton reported.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inflation is Back Up – Are you Ready?

Herlitz Inventory Management

source: tradingeconomics.com. source: thebalance.com. The law of supply and demand, coupled with other environmental and political factors, have led to two months of inflation that are higher than we have seen in 30 years (see table below). ?. Have we lost the knowledge of how to be profitable during periods of high inflation?

article thumbnail

The Procurement Economy in 2019: Bracing Yourself for the Future

Jaggaer

Research on supply chain following the 2008 economic recession found that supply chain executives took several major steps to deal with the decline, each of which is particularly relevant as we enter 2019. During the 2008 market recession, many companies suffered because they failed to reduce capacity as demand plummeted.

article thumbnail

Ukraine and the Supply Chain

Enterra Insights

In 2017 the ‘NotPetya’ cyber-attack on Ukraine, which irreversibly encrypted data on computers, caused $10bn-worth of damage around the world (it was widely blamed on Russia).”[5] 12] Charles Krauthammer, “ How to Stop Putin ,” Washington Post, 14 August 2008. [13] ”[4].

Ukraine 130
article thumbnail

How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

Such information streamlined transactions and improved decision-making, but the ERP data did not initially permit connecting and compiling cross-functional data sources. When the first mobile app marketplace launched in 2008, it only presented 500 offerings within the product categories. Mobile Apps Make Information Portable.

article thumbnail

Rockwell Automation: Supply Chains to Admire Winner

Supply Chain Shaman

Diversified Industry Performance For the Period of 2010-2017. The orbit chart in Figure 1, shows the relative rate of improvement at the intersection of inventory turns and operating margin for the period of 2006-2017. In his role, Ernest owns strategic sourcing, materials planning, customer care, and logistics operations globally.