Enterra Insights

JANUARY 13, 2023

”[1] Craig predicts that organizations that transform into autonomous enterprises will find future success. “It’s far more than just artificial intelligence, machine learning, and gold-standard security: it’s freedom. Autonomous intelligent enterprises leverage both data and analytics to optimize their business processes.

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Supply Chain Matters

MARCH 5, 2022

The Supply Chain Matters blog features our March 5, 2022 edition of This Week in Supply Chain Management Tech , a synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based blog readership. RightHand Robotics Secures $66 Million in Series C Funding.

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The Logistics & Supply Chain Management Society

JANUARY 3, 2023

A McKinsey’s report published in 2022 indicates that 32 per cent of people from industries like automotive, consumer goods, and pharmaceutical find demand variability and forecasting responsible for value chain disruptions. Companies that predict demand, will be able to respond efficiently. billion by 2025.

Supply Chain Software 130

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GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? Pent-up demand of customers and the strong predictions for another above-average peak season has put a unique burden on truckload and parcel transportation. and secure reliable and consistent capacity. . volatility?and

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Enterra Insights

JANUARY 9, 2023

Retail journalist Ben Unglesbee writes, “Hey retailers, it might be time to ditch your stores, move your inventory to the metaverse, replace your staff with robots, switch from cash to crypto and invest all your profits in some blockchains.”[2] ”[2] Hopefully, his tongue was firmly planted in his cheek when he wrote that.

Trends 130

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Intelligent Audit

JANUARY 10, 2023

The year 2022 saw the challenge of retailers having overstocked inventory created by inventory gluts from COVID demand changing. Retailers responded to their high inventory with promotions, such as extensive discounts and extended Black Friday sales, to encourage consumer demand. which was expected for 2022’s peak season.

Inventory Reduction 52

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ToolsGroup

OCTOBER 3, 2022

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” in 2022, with Finance Minister Bruno Le Maire calling the shortage the country’s “second biggest emergency.”.

Optimal Sourcing 156

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ShipBob

JUNE 29, 2022

Ecommerce enablement involves the incorporation of features such as Secure Sockets Layer (SSL), shopping carts, and shipping service tools. When selling products online, you need to invest in software and tools that will be able to let you effectively receive and process orders, manage inventory, and automate different tasks.

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Logistics Bureau

OCTOBER 24, 2022

How retailers are reevaluating post-pandemic inventory strategies. Technicians monitored real-time data from sensors on the production line using the plant’s digital twin and applied predictive analytics to assess the impact of filling-process adjustments. Digital Twins for Inventory and Supply Planning.

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Intelligent Audit

JUNE 30, 2022

But in the timeframe between 2020 to 2022, a volatile supply chain market showed the weakness in outdated, legacy supply chain execution built on rigid technology or lacking any accurate data that can improve overall decision-making. Inventory and Material Management Is Also Presenting New Challenges for the ? Retail Value Chain.

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Intelligent Audit

NOVEMBER 22, 2022

Recent inventory corrections have caused carrier volumes to stagnate, frustrating carriers and highlighting hopes for volume normaliza t ion in 2023. Experts Predict Lower Congestion, Labor Woes for 2023. The post Bleak Peak 2022 Leaves Shippers Feeling Less than Thankful appeared first on Intelligent Audit. inflation, the 7.9%

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BlueYonder

FEBRUARY 17, 2022

Followed by focus on big data analytics where companies began leveraging BI (business intelligence) tools for data-driven decision making. Border policies erode the effectiveness of homeland security. Analytics : leveraging AI/ML for visibility, preemptive decision making and cost optimization.

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Supply Chain Matters

APRIL 14, 2023

Everstream ranked number three in the data science category for its application of AI and predictive analytics to global supply chain risk. Venti Raises $29 Million in Series A Round Autonomous logistics technology and industrial hubs provider Venti Technologies announced that it has secured $28.8 while securing a $5.4

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Supply Chain Game Changer

SEPTEMBER 19, 2022

This will minimize delays caused by transferring data between locations via secure channels or over wireless networks, which may not operate at optimal speeds due to congestion issues. Gartner predicts that by 2025, around 75% of the overall data generated by enterprises will be not only generated but also processed at the edge.

Gartner 100

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RFgen

FEBRUARY 10, 2023

As a result, new strategies have emerged to solve old and new challenges, from labor shortages to inventory supply. With 2022 already behind us, the question remains: What trends will continue and what new trends will emerge? As fundamental elements of the modern “smart factory,” Industry 4.0 Integration remains a challenge, however.

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The Logistics & Supply Chain Management Society

AUGUST 20, 2020

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. Regardless of how efficient and effective, all supply chains carry inventory.

Supply Chain Software 246

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Enterra Insights

DECEMBER 12, 2022

Journalist Jayanti Pandey asserts, “Cognitive Algorithms offer end-to-end security platforms and detect, assess, research, and remediate cyber security threats.”[5] This makes it possible to predict their condition and behavior under the influence of different external factors.” ”[4]. ” Trend 8.

Trends 306

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Enterra Insights

JUNE 28, 2018

Other benefits include inventory tracking, product tracking, process improvement, and optimization. sensors, connectivity, and analytics), analytics and insights provide the real value. ”[5] Analytics turn the IoT into the intelligent IoT. ” IoT benefits are not limited to the manufacturing sector.

Internet of things 100

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Supply Chain Matters

OCTOBER 10, 2023

The technology start-up secured $30 million in Series A funding in 2022. Each relationship adds risks like data security, privacy, and fraud. Start-up Evo provides capabilities in non-linear optimization, quantum learning, and advanced prescriptive analytics currently applied to product pricing and inventory optimization.

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Intelligent Audit

MARCH 17, 2022

According to the EIA , the national average for a gallon of deisel fuel on March 7, 2022, was $4.85, up a whopping $0.75 on February 25, 2022, to $3.24 on March 4, 2022. Meanwhile, FedEx began charging international shipping surcharges effective March 7, 2022. Leverage Domestic Inventory Before Ordering More Overseas.

Price Reduction 98

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Resilinc

OCTOBER 4, 2022

Florida is a major hub and home to a variety of industries including: aerospace, high tech, healthcare, electronics, pharmaceuticals, life sciences, agriculture, manufacturing, security, and more. Additionally, SeaPort Manatee—one of Florida’s fastest-growing ports which saw tonnage grow 32% in the first half of 2022—reopened Saturday.

Pharmaceutical 62

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Supply Chain Matters

APRIL 18, 2022

In a previously published Supply Chain Matters posting, we called reader attention to a perhaps different senior supply chain leadership model, which being liquor distiller Brown Forman’s new model that is led by a Chief Global Supply Chain and Technology Officer CSCTO) , with IT and global information security reporting to this senior executive.

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SCMDOJO

JULY 7, 2023

Since its initial public offering in November 2021, Rivian has secured more than US$13.5 The shortage disrupted the automotive industry in 2021 and 2022, causing supply chain constraints and affecting Rivian’s ability to meet its production targets. billion in cash in 2022, Rivian ended the year with $11.6

Supply Chain Design Software 99

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Intelligent Audit

MAY 26, 2022

Combined with actionable analytics, today’s shippers are more innovative and can make decisions on the fly. Predicting changes in the going cost of freight becomes difficult due to the many contributing factors. How Machine Learning Drives Reductions in the Cost of Freight.

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ShipBob

JANUARY 17, 2022

It may also include operation planning to decide on where to store inventory and how to fulfill orders. Using the data and strategies from your planning efforts, you can start to source and receive inventory to sell on your ecommerce store. Receiving inventory at the warehouse or fulfillment center, where it is processed and stored.

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Supply Chain Matters

MAY 9, 2023

Astoundingly, by the December of 2021, Pfizer was able to secure emergency authorization and approval for its mRNA based vaccine, along with a preliminary plan on how to produce high volumes and distribute this vaccine. Inventory levels in retail channels remain at high levels because of bullwhip excess ordering.

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Supply Chain Matters

MARCH 10, 2022

Highlights included highlights of the project44 acquisition of Ocean Insights , the planned IPO of autonomous trucking tech firm TuSimple , the $150 million added funding round of Locus Robotics , and the coming together of two supply chain risk assessment firms Resilience360 and Risk Pulse under the rebranded name of Everstream Analytics.

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Intelligent Audit

AUGUST 25, 2021

It has permanently accelerated e-commerce, with Americans on track to spend $1 trillion online, a record amount, in 2022, according to a new report cited by Forbes. Improved profitability, reduced fees, and limited instances of surcharges , thanks to better predictive planning and ongoing data insights through actionable analytics.

Transportation Management 52

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Unleashed

APRIL 18, 2022

Russia’s invasion of Ukraine and supply chain disruptions The crisis has been exacerbated by Russia’s invasion of Ukraine in February 2022. “Supply chain professionals tend to focus on their markets (demand, competition) and technology (software, analytics) but less on their behaviour.

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Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

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Locus

AUGUST 1, 2023

Read Also: How Dispatch Management Software Helps Businesses Manage Peak Shipping Seasons like Ramadan 3 Must-Haves to Make Peak Season Deliveries Successful During Ramadan in the Middle East The Internet penetration in the Middle East as of 2022 is 79.7%. It is considerably higher than the world internet penetration of 69%.

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Logility

OCTOBER 6, 2023

And those that leverage on-demand services provide secure access to scalable, high-performance environments available around the globe. Increased visibility – a cloud platform provides real-time visibility into critical supply chain data, such as inventory levels, which can help you make informed decisions.

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LevaData

JANUARY 4, 2022

Though it may be hard to believe, 2022 is officially upon us. As we look to the new year and all the potential it has to offer, supply management and sourcing professionals everywhere are finalizing their corporate resolution lists in the hopes of securing a successful year ahead. What We Wish for You. Akwasi Peprah, SVP of Operations.

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Supply Chain Game Changer

NOVEMBER 16, 2022

It helps bring predictability to Strategic Sourcing, automates Transactional Procurement (or P2P cycle), and enables proactive Supplier Risk Management. In 2022, this became history with procurement automation solutions. Real-time data and analytics. Reporting in real-time is made feasible via automation.

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Resilinc

MARCH 7, 2023

The US has seen extreme storms from coast to coast (yes, even in typically sunny California ), proving that you can’t predict the weather. Our 24/7 event monitoring platform, EventWatch AI sent alerts for 333 Extreme Weather events in 2022; this was up 36% YOY. From 2021 to 2022, these disruptions increased 36% YOY.

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Enterra Insights

JULY 20, 2022

In a separate article, they note, “Everywhere you look, supply chains are being transformed, from the $9trn in inventories, stockpiled as insurance against shortages and inflation, to the fight for workers as global firms shift from China into Vietnam. ” Westchester & Fairfield County Business Journals, 6 June 2022. [4]

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The Logistics & Supply Chain Management Society

NOVEMBER 25, 2023

According to research conducted by the Thomson Reuters Institute for their ‘Global 2022’, global trade professionals have identified disrupted supply chains, high tariffs, and sanctions as significant challenges. Additionally, maintaining inventory buffers safeguards against sudden demand spikes or supply shortages.

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