Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. Among the many supply chain initiatives taking place today, vendor-managed inventory (VMI) has become an increasingly effective process and business model to help organizations share risk and information between vendors and customers — while benefitting from lower stockouts, reduced uncertainty and lower costs.

How to Change Your Inventory Management Strategy in the Omnichannel Era

Elementum

e-commerce market has nearly doubled in size since 2011, and is forecast to grow to $737B by 2022. As recent losses by H&M and other major brands illustrate, poor inventory management can be a major cause of financial distress. It’s clear that in the changing market landscape, where customers expect immediate and accurate fulfillment of purchases, companies need to look at their inventory management strategies with a fresh eye. The U.S.

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The Interrelated Issues Facing the Trucking Industry

PLS Logistics

The American Trucking Association projects that the trucking industry is poised for serious growth by 2022. The forecast suggests that overall revenue for the industry will rise almost 66% and tonnage will increase 24% by 2022. Due to low demand, excess inventory and infrastructure bottlenecks, revenue YOY only rose 0.2%. However, 2016’s economy saw slow growth, shipping rates and volumes.

Insights on Covid-19’s Impact on Singapore’s eCommerce Market

Vinculum

A prediction by a recent study states that there is a high likelihood to see Singapore’s eCommerce profits upscale by about 45% by 2022. Outcome being, companies started running low on (even out of) inventories. Sell on Marketplaces Globally Inventory & Order Management Warehousing & Fulfillment Brands Multi-brand Retailers Marketplaces Sellers Industry Insights eCommerce Retailers Seller on Marketplaces

Digital Supply Chain Predictions!

Supply Chain Game Changer

Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! GET our EBOOK HERE. Digital Supply Chain predictions article and permission to publish here provided by Michael Gaughan at land-link.com.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 Inventory Management.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

This newfound visibility allows participants in a supply chain to proactively optimize components of their processes (like inventory management, staffing decisions, and a thousand more) to support an efficient and agile product path. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability. from the global economy by 2022.

Getting Started with Cross Border Ecommerce

Vinculum

Data from Global-e shows that cross-border online sales worldwide have increased by 21% from Jan to June of 2020, and it cross border commerce is expected to continue to grow to a $630 billion market by 2022.

Medical Device Manufacturing in 2021 – The 3 Key Challenges

Unleashed

As of June 2020 enforcement of UDI legislation has been delayed for some classes of medical device until 2022 due to Covid-19 disruptions. Ideal solutions for the medical manufacturing sector should be able draw insights directly from manufacturing and inventory management software.

How Ecommerce Enablers are Expanding Online Businesses Cross Border

Vinculum

By 2022, it will make up to 20% of the eCommerce cross-border. Ecommerce retailers, brands, distributors need to manage orders, payments, inventory manually across the marketplace, causing inaccuracies and delays. Inventory Management.

Trends and Predictions 2020: Supply Chain

Enterra Insights

Intelligent order management: Supply chains will orchestrate the perfect order and master inventory visibility. Process Automation : “By 2022, firms will dedicate 35% of their logistics business process outsourcing services budget to process automation, focusing on order, inventory and shipment tracking.” Greeting the new year is like walking into a dimly lit room from the bright sunlight.

Trends 100

Logistics property update: December 2020

EFT

Construction is expected to start in April 2021 with completion anticipated for autumn 2022. Construction of the new facility will begin in March 2021 with completion expected in May 2022. Jaguar Transport acquires Ohio warehousing site.

Four Ways Blockchain Will Transform Supply Chain…and Beyond

ToolsGroup

inventory) which all saves money. . According to Gartner, 80% of supply chain block chain initiatives will remain at a proof of concept (POC) or pilot stage through 2022. Public ledgers dating to the Italian Renaissance may help us see the potential of today’s blockchain technology for data accessibility. .

Industry 4.0: Driven by 5G and Cognitive Technologies

Enterra Insights

David Van Dorselaer ( @dave_van_dor ), General Manager for AT&T’s Manufacturing, Transportation and Consumer Packaged Goods Industry Verticals, writes, “The manufacturing industry will continue to spend more yearly on IoT than any other industry through 2022. Whether it is a worker taking inventory on a mobile device or tracking machine maintenance, having better connectivity indoors will lead to more efficient plants.”[7].

How FMCG Brands Will Win in Grocery’s eCommerce Boom

Vinculum

As said by the market researcher Nielsen, FMCG brands online sales are expected to touch 4 Billion US dollars by 2022. Sell on Marketplaces Globally Inventory & Order Management Brands Multi-brand Retailers Marketplaces Sellers Industry Insights eCommerce FMCG

Video 52

International eCommerce – All you should know about

Vinculum

E-commerce’s share of total retail sales is expected to rise over 15% in 2022 from 8.9% Sell on Marketplaces Globally Inventory & Order Management Cross Border Strategy Brands Multi-brand Retailers Marketplaces Industry Insights eCommerce Marketplace sell on marketplace

How Can Automotive Players Thrive in a World of ACES Uncertainty?

QAD

in operating costs (and 80% of its vehicle lineup) by 2022 by eliminating the Taurus, Fiesta, Fusion, C-Max and Focus in favor of higher margin trucks, SUVs and Mustangs. . When the auto industry took a downturn during the financial crisis of 2008 , many auto manufacturers trimmed inventory levels and cut supply chain costs. A Google search on where experts see the automotive industry going reveals one key takeaway: no one knows exactly where it’s headed.

10 Ways IoT Can Improve Supply Chains

IQMS

in 2022, achieving a 10.7% Blockchain shows potential for increasing the speed, scale, and visibility of supply chains, eliminating counterfeit-goods transactions while also improving batching, routing and inventory control. The senior management team at the manufacturer says the pilots are worth it if they can find a way to increase inventory turns just 10% using blockchain and IoT.

Manufacturing 4.0 in academia & practice: How SupplyOn contributed to the MIM 2019 conference

SupplyOn

and smart manufacturing systems to inventory control and supply chain management (SCM). Last but not least the next conference venue MIM2022 was announced: It will take place in 2022 in Nantes, France, headed by Prof. More than 750 participants from 51 countries all over the world came to discuss the latest trends in Manufacturing 4.0 from a scientific and practical perspective “In the end, it is all about communication”: In his opening speech, Prof.

Blockchain in the Supply Chain is Only a Few Links Long

Enterra Insights

Once you achieve high efficiency in the supply chain, it is going to rub off on other related aspects such as distribution, warehouse, capacity building, and inventory management to further multiply the gains.” 2] Staff, “ Gartner: 80% supply chain blockchains will still be pilots in 2022 ,” Ledger Insights , 24 January 2020. [3] The global supply chain appears to be a perfect arena for blockchain technology.

Legacy Retailers Taking the Fight to the Internet Retailers

Logistics Trends and Insights

They were also having problems keeping merchandise on the shelves in the US as they were introducing new inventory technology to support both the stores and e-commerce delivery. Credit Suisse has estimated that 20-25 percent of US-based malls may close between 2018 and 2022. Using advanced AI to balance and predict correct store inventory to support online sales.

International Ecommerce Selling: 6 Factors to Consider Before You Get Started

ShipBob

Cross-border purchases will comprise 20% of all worldwide ecommerce by 2022. To sell internationally online, you can be at home, but you’ll still need to optimize your supply chain including moving inventory and fulfilling orders. This may help you find solutions to reduce shipping costs , such as storing inventory closest to your customers — or determine that certain international markets are not feasible for you unless you increase your average order value. . “We

Yowza! A Nine-Step Decision Process to Help Guide Supply Chain Planning Selection

Supply Chain Shaman

The choices in 2022 will be radically different from 2018. If you need forecasting and inventory optimization consider Gains Systems, John Galt, and ToolsGroup. Yowza: Excitement or approval. Get a cup of coffee. This is a long post. <Bear <Bear with me… > Here I share a nine-step process in an attempt to help companies unravel the process for buying supply chain planning software. The genesis for this post stems from frustration.

The Internet of Things is over 30 Years Old and still in Its Infancy

Enterra Insights

Other benefits include inventory tracking, product tracking, process improvement, and optimization. “Currently,” he writes, “there are approximately 10 billion connected devices, with the number reaching 20 billion in 2020, 29 billion to 42 billion in 2022, and 75 billion in 2025. How can something over 30 years old still be considered in its infancy?

Approaching Cross Border eCommerce

Vinculum

According to Forrester, Cross-border shopping will make up 20% of eCommerce in 2022, with sales of $627 billion. Sell on Marketplaces Globally Inventory & Order Management Cross Border Strategy Brands Multi-brand Retailers Marketplaces Industry Insights Marketplace sell on marketplace

Guide to warehouse robots: types of warehouse robots, uses, navigation & more

6 River Systems

between 2017 and 2022, reaching $6 billion in value by 2022 , with the U.S. Types of warehouse robots Industries that use warehouse robots How warehouse robots navigate the warehouse Uses for warehouse robots Types of warehouse robots The warehouse robotics industry includes several types of warehouse robots, serving a variety of purposes and functions such as order picking and moving inventory throughout the warehouse.

Thailand Ecommerce Logistics for ASEAN Enterprises: Should You Go Local?

Logistics Bureau

Statistic: By 2022, Thailand’s ecommerce market is expected to be worth around $5.8 The ability to operate without substantially increasing inventory levels. The ecommerce market in Thailand has never been healthier and all the signs indicate huge potential for growth in the next few years. With the Thai government’s Thailand 4.0

A Grocery Store You’ve Never Heard of is About to be one of the Biggest in America

BlueYonder

billion to expand to 2,500 stores — up from 1,600 stores today — by 2022, the company said Monday. Inventory is often delivered to warehouses in shipping containers. Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date. This week: Aldi, a grocery store you’ve probably never heard of, says it plans to become the third-largest grocery chain in the U.S.

The Ultimate Guide to Manufacturing Software

IQMS

in 2022, growing at a CAGR of 7%. Spending on Manufacturing ERP software worldwide will increase from $5.87B in 2017 to $7.26B in 2022. Improve inventory management and costs. Bottom Line: The majority of manufacturers are prioritizing shop floor productivity as their most valuable growth strategy, relying on manufacturing software to be the catalyst to get them there. What is Manufacturing Software?

Top 10 supply chain trends for 2020

Requis

But thinking has been shifting from seeing supply chain from a linear process (for example, raw materials -> manufacturing -> inventory -> customer order -> fulfillment) to a web of relationships between the customer, multiple internal departments, and even any external companies. trillion counterfeit market by 2022) according to a report by the International Trademark Association and the International Chamber of Commerce.

3 Reasons Why the Pharma Supply Chain is Ripe for Digital Transformation

Aera Technology

percent CAGR through 2022. By placing “sensors” throughout its supply chain that gather data about inventory distribution practices and availability for every SKU, Merck has end-to-end visibility. This example reflects the industry shift to technological advancements that can offer not only a full picture of a company’s complex supply chain, but also suggestions for how that company can save money, move inventory smartly and make more intelligent supply chain decisions.

Data 40

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

BlueYonder

Macpherson predicted that the figure will easily be 80 percent by 2022. Data gives distributors and 3PLs the ability to manage the entire supply chain on behalf of the customer, manage their ordering and inventory levels and providing them with insights that’ll help improve service levels. Manufacturing and retail transformations, technology disruptions and digitalization of data have redefined the roles of distributors and third party logistics (3PLs).

Your Guide to Multichannel Selling

Unleashed

Many B2B companies combine back-office software, accounting systems, inventory management systems, and more. In 2022, the augmented and virtual reality market is expected to be worth US$ 209.2 With a dedicated inventory management software to manage manufacturing inventory, manufacturers that have an online retail channel don’t have to rely on channel partners or retail partners to sell their goods to the end-consumer. What is multichannel selling?

A Grocery Store You’ve Never Heard of is About to be one of the Biggest in America

BlueYonder

billion to expand to 2,500 stores — up from 1,600 stores today — by 2022, the company said Monday. Inventory is often delivered to warehouses in shipping containers. Friday in 5 – interesting news bits from around the supply chain horn, served up in one spot to keep you up to date. This week: Aldi, a grocery store you’ve probably never heard of, says it plans to become the third-largest grocery chain in the U.S.

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

BlueYonder

Macpherson predicted that the figure will easily be 80 percent by 2022. Data gives distributors and 3PLs the ability to manage the entire supply chain on behalf of the customer, manage their ordering and inventory levels and providing them with insights that’ll help improve service levels. Manufacturing and retail transformations, technology disruptions and digitalization of data have redefined the roles of distributors and third party logistics (3PLs).