Saudi Aramco announces major supply chain shakeup

Logistics Middle East

Saudi Aramco wants to double to 70% its local sourcing by 2021 as part of a US $300-billion investment in its supply chain

Why Today is the Day to Prepare Your Supply Chain for Recession


recession by 2021. If terms are not being met, consider other sources of supply to build a larger network of options. Highs and lows are an unfortunate part of both life and business and a new study shows 3 out of 4 economists predicting a U.S.

A time of transition: 3 key trends for oil & gas in 2018

DELMIA Quintiq

Natural gas is a suitable source of energy to fuel the need for heat and the power, making it an influential player on the market. Low carbon sources and natural gas meet 85% of the increase in global demand. The fall in oil prices transformed the global oil & gas industry.

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Is Your Supply Chain Ready for the Next Recession?


JPMorgan, for example, says there is a 60% chance of recession by 2020 and 80% by 2021. Source: Federal Reserve Bank of St. The number of data sources and corresponding data continues to grow exponentially.

A&D’s Ambitious Three-Year Timetable for Deploying Blockchain

Supply Chain Brain

A&D companies led all but two of those sectors in the share of respondents vowing to adopt blockchain technology by 2021. SC Planning & Optimization Sourcing/Procurement/SRMEighty-six percent of the A&D companies queried in the Accenture research say they expect to integrate blockchain into their corporate systems within three years.

Welcome to 2019: 5 Retail Trends You Need to Know Now

JDA software

From their social feeds to eCommerce, more customers are buying products right from the source. Checkout-free concepts like Amazon Go will become more prevalent – their cashierless store concepts could top $4 billion in sales by 2021.

10 Ways Machine Learning Can Improve Manufacturing Today


By 2021, 20% of leading manufacturers will rely on embedded intelligence, using AI, IoT, and blockchain applications to automate processes and increase execution times by up to 25% according to IDC. Source: McKinsey/Harvard Business Review. AI has the potential to create $1.4T to $2.6T

Transportation Network Modeling: A Powerful Tool in Greenhouse Gas Emissions Reduction Strategy

Talking Logistics

For example, the US Environmental Protection Agency (EPA) is phasing in fuel efficiency standards starting with trailers in 2018, truck standards in 2021, which are estimated to provide 2-4 year payback periods.

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The Top 5 Changes That Occur With AI in Logistics


billion by the end of 2021. Such figures cannot be easily improved at the source, so algorithms are being used to analyze historical data, identify issues and improve data quality to the level where significant transparency on the business is gained.

How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry


According to Business Insider, major companies from all industries are starting to look at the IoT as a source of inexhaustible revenue and productivity, including Lockheed Martin, Microsoft, Cisco, Epson and more. billion by 2021. Technology advancements were among the most exciting topics to watch through 2016. Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever.

Demand for Basic and Specialty Chemicals Continues to Grow

Material Handling & Logistics

in 2021. Provided that access to export markets remains open to our producers, expanding global demand will be met by shale-advantaged chemistry sourced from the U.S.”. Healthy growth is expected to be driven by broad-based industrial demand.

Technology and the Supply Chain: What Does the Future Hold?


Big business are jumping on the bandwagon too – utilizing collaborative distribution, reverse logistics and cooperative sourcing to lower costs, improve efficiency and better optimize their supply chain. by Alexa Cheater Meet the Jetsons!

World’s Top Green Businesses Revealed

Material Handling & Logistics

Through its participation in RE100, Danish health care company Novo Nordisk is already sourcing 79% of its power for production from renewable sources and has a target of 100% power from renewable sources by 2020.

Is Hyperloop the Next Great Supply Chain Technology?


The CEO of the company behind the test (Hyperloop One) estimates that the system will be transporting cargo by 2019 and passengers by 2021. They might allow companies to carry less inventory – perhaps using Hyperloop to rapidly source whatever parts or raw materials that can’t be 3D printed.

Industry 4.0 and the Long Game

Enterra Insights

4] He’s so convinced of his position, he makes three predictions about the future of AI in manufacturing: Prediction #1 : “50% of all manufacturing companies will be using AI in some form by the end of 2021. big data comes from many and diverse sources.” ” He lists a few of those sources: Product and/or machine design data such as threshold specifications. Depending on the sports you follow, the long game could mean different things.

How to Manage Risk and Boost Transparency in the Raw Material Supply Chain


The revised standards also cover a broader range of risk, including AML, KYC, anti-terrorist financing and are compliant with the EU regulations to come into effect by 2021.

Let's Get Digital: Supply Chains Are Going to Get Smarter in 2018

Supply Chain Nation

By 2021, 20% of the top manufacturers will depend on a secure backbone of embedded intelligence, using IoT, blockchain, and cognitive systems, to automate large-scale processes and speed execution times by up to 25%.

What is the Best E-Commerce Order Fulfillment Service for You? Amazon FBA or 3PL?

Supply Chain Game Changer

dollars in 2016 to just over 485 billion US dollars in 2021. Single-source your inventory to streamline your fulfillment operations, manage your inventory through an online user interface and can direct Amazon to return your inventory in e-commerce fulfillment centers at any time.

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Long-Haul Trucking: The First and Best Use Case for a Level 5 Self-Driving Vehicles


Transportation has been the source of some of the greatest innovations in human history from the invention of the wheel to automobiles, ships , trains, planes, and rockets. Ford is working on Level 4 self-driving taxis , planned for 2021. In July 2016 , inspired by Elon Musk’s Master Plan, Part Deux , I laid out a concept for self-driving vehicles for long-haul trucking. I thought I would expand upon that concept in this post.

Green Solutions in Trucking Industry

GTG Technology Group

While the EPA has given the trucking industry until 2021 to fully comply with the new set of standards, the state of California has already begun its green overhaul of the industry. Sources: [link].

Using Technology To Accomplish All That International Trade Promises


Different perspectives and interests will always be a reality, but could we make advancements if all involved were connected to technology that ensured all were looking at the same data, the same source of truth, in which all parties could have confidence?

E-commerce and the Digital Path to Purchase

Enterra Insights

million by 2021, making the U.S. In terms of sources that influence purchase decisions, social media lands last and was rated less than half as effective as reviews. Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. Historically, when consumers needed something, they made their way to a bazaar, a marketplace, or a shopping center.

Global electric vehicle demand drives scramble for fresh supplies of vital metals


Bloomberg New Energy Finance estimates that China will produce 70% of the world's electric-vehicle batteries by 2021. Asian battery producers have limited options when it comes to sourcing essential metals regionally.

How Industry 4.0 is Morphing and How Blockchain Fits!

Supply Chain Game Changer

In the area of metal additive manufacturing, HP has showcased a device that it will release in 2021 that is a fully integrated 3D Printing device that incorporates the sintering process in the same machine. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

The Top 5 Impacts of Artificial Intelligence (AI) in Logistics!

Supply Chain Game Changer

billion by the end of 2021. Such figures cannot be easily improved at the source, so algorithms are being used to analyze historical data, identify issues and improve data quality to the level where significant transparency on the business is gained. Subscribe Here! Email Address. Blog post originally published by Adam Robinson on [link]. Permission to publish here provided by Adam Robinson.

Manufacturing and Cyber Security: A 5 Step Process to Create Internal and Customers’ Peace of Mind


According to Andy Szal , the global cyber security market will grow between 20 and 25 percent annually through 2021. This may seem counterintuitive, especially since 36 percent of manufacturers reported employees were the likely source of a data breach, asserts Robert Krauss.

Your Guide to Multichannel Selling


Not only does their job include assembling or producing the final product, but they also have to source all the materials that go towards making the final good, and then sell these through their channels. trillion in 2021. What is multichannel selling?

5 Technology Trends Manufacturers Are Relying On For Growth in the Second Half of 2018


Advanced analytics spending globally is predicted to grow from $136B in 2016 to $232B in 2021, attaining an 11.3% Orchestrating each of these sources of data is critically important to creating a base of manufacturing intelligence that can flex, scale, serve customers and drive revenue.

FedEx Getting into the Bulky Game

Intelligent Audit

Between 2014 and 2016, global package shipping volume increased by nearly 50% – it is set to grow between 17% and 28% each year between now and 2021. One of the greatest beneficiaries of a booming economy has been the transportation industry.

Logistics: Automation and the Future of Work


Source: NPR. Europe, and Asia and many believe that Level 4 autonomous cars will be ready by 2021. Several recent studies have suggested that nearly half of all jobs are susceptible to automation in the next 20 years.

Robotic Process Automation Rises on Corporate Agenda

Enterra Insights

Galusha notes, “As adoption of RPA accelerates and matures, organizations are finding more business processes that can utilize software robots—everything from eliminating data entry tasks, collecting data from disparate sources, to cross-checking and validating information. In fact, by 2021, Forrester estimates there will be more than 4 million robots doing office and administrative work as well as sales and related tasks.” Automating business processes is nothing new.

Tackling Complex Challenges with Cognitive Computing

Enterra Insights

The source of this longing is undoubtedly the accelerating pace of change. a single source of truth). Between 2017 and 2021, global spending on AI-focused systems — including AI-focused hardware, software, and services — is expected to grow at a CAGR of 50 percent — reflecting some $200 billion in cumulative spending across an array of sectors including health care, retail, banking, and manufacturing.

Why Truckers Don’t Need to Worry About Automation

GTG Technology Group

The prospect of self-driving vehicles (a promise Ford has made for 2021) may feel like an impending layoff for truckers, but this is simply not the case. Sources. No, Automation Won’t Displace the Trucking Industry. The trucking industry moves about 10.5 billion tons of freight per year – 70.1 percent of all domestically transported freight. It is one of the largest industries in America, employing more than 1.8 million heavy-truck drivers and 800,000 light truckers.

Making Supply Meet Demand: Qatar’s healthcare services

The UCLA Anderson Global Supply Chain Blog

Source: Arabs Live Longer, Battle Obesity, Diabetes, and Heart Disease. However, with the continued growth in its population, plans are underway for 31 further facilities that include hospitals and new primary health centers to be built between 2013 and 2021. Alvin Tam and Christopher Tang. Being too wealthy can be a problem. 

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