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I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. You are right.
Supplychain disruptions have become a persistent operational risk. Traditional supplychain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. Amazon is a leader in AI-driven supplychain management.
Home Making Logistics Data Actionable: Insights from Freightos and Gryn July 7, 2025 Blog Data is the backbone of efficient decision-making. However, transforming raw data into actionable insights remains a significant challenge for many logistics organizations. strive for cost savings and to increase supplychain performance.
While the supplychain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. As we turn the page on 2022 , I’d like to make five supplychain predictions about what to expect for 2023.
Over the past few years, supplychain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Monitoring and mitigating risk associated with supply, suppliers, and the supplychain networks. How will the picture change in 2023 ?
For over a decade, since founding SupplyChain Insights in 2012, I have pounded the keyboard, asking business leaders to think more holistically about the impact of supplychain decisions on the firm’s value, the improvement of a value chain, and the impact on the environment. Thirteen years. Guess what?
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. They can learn and improve over time, as they collect new data and feedback.
As supplychains become more interconnected and risks more dynamic, traditional procurement tools fall short. AI agents offer a smarter, faster way to manage sourcing, risk, and spend across the entire procurement lifecycle. They can learn and improve over time, as they collect new data and feedback.
More Resources Home November 21, 2023 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. Europe weekly prices increased 25% to $4.23/kg.
Even before the Covid-19 pandemic disrupted global supplychains and upended the global economy, supplychain experts insisted that supplychain resilience was essential. There is a] need to prepare supplychains not only to survive, but to thrive in chaos.”[1] The reason?
And how can supplychain planning help? In one project, I am interviewing over fifty supplychain leaders on their perceived impact of advanced planning, what makes a good plan, and how effectively they use the technology. I am also writing the new edition of the SupplyChains to Admire. Focus on Value.
Supply management. Supplychain management. Supplychain planning. FactSet reports that 66% of companies in Q3 2023 beat revenue guidance. PWC’s Digital Trends in SupplyChain Survey reports that 83% of manufacturers say that supplychain technologies have not delivered the expected results.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.
That’s why staying on top of the latest supplychain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supplychain planning.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
What Lieferkettengesetz Means for Procurement? The German SupplyChain Act, or Lieferkettengesetz, is a new piece of legislation that came into effect January 2023 with an extended remit from January 1, 2024. For procurement organizations, the German SupplyChain Act presents both challenges and opportunities.
Supplychains are unsung heroes in most businesses. Customers rarely interact with them since supplychain processes take place in the background, away from the spotlight. Everything from procurement to last-mile delivery comes under the supplychain umbrella, and boosting efficiency here drives better business results.
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
SCB Feature Report From DPW: What’s Next for AI in SupplyChain? That’s because the promise of artificial intelligence for supplychain operations is huge. It could do more to accelerate the journey of supplychain operations from the backroom to the boardroom than any other change. trillion to U.S.
In February, Klaus Niebur, the director of global supplychain risk management at Autoliv, and Jan Thiessen, the managing director at targetP!, spoke on best practices on supplychain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. in turn, is a boutique procurement consultancy.
Supplychain risk solutions are hot. In December of 2023 it was reported that $1.2 In December of 2023 it was reported that $1.2 Exiger’s CEO, Brandon Daniels, told me they were larger than their three largest supplychain risk competitors combined. Lately, Exiger has been in the news.
Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation. Ivalua Spend Management Insights [ivory-search] Get Ready for Success!
However, it’s only early February 2024, and we already have several major disruptions impacting supplychains. This is an important time for the supplychain profession. Supplychains are in the news, on governments’ agendas, and in the spotlight. For more information on the research, click here.
It’s also why so many of our customers are eager to share their supplychain success – and have even won awards of their own in partnership with ToolsGroup! Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supplychain decision making.
Breaking Boundaries: Exploring Generative AI’s Impact on SupplyChainsSupplychains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. It can then generate new content using prompts that resemble the original training data.
Blog » Procurement on the Thames: Ivalua’s London Summer Symposium June 26, 2023 | | Thought Leadership by Eloise Barnum As businesses navigate through supplychain disruptions, high inflation, and sustainability initiatives, procurement, and supplier management has taken center stage in driving change.
ARC Advisory Group did a study on the supplychain collaboration network (SCCN) a couple of years ago. The interview occurred during athe FourKites Visibility 2023 user conference on September 7th in Chicago. FourKites believes they have the largest repository of supplychaindata in the world.
Hannah Kain and Joe Lynch discuss the outsourced supplychain, a topic Hannah is familiar with due to ALOM ‘s extensive experience managing supplychain functions for diverse industries. About Hannah Kain Hannah Kain is President and CEO of ALOM, a supplychain company she founded in 1997.
As of 2023, 67% of all American households have an Amazon Prime subscription, and Amazon owns 38% of the e-commerce market in the US. Would Amazon be successful without giving users an abundance of data? Bringing the Amazon Online User Experience to Procurement What might an Amazon-ified system look like?
Ivalua’s new Environmental Impact Center empowers Procurement and SupplyChain teams with reliable and actionable insight to reduce Scope 3 Greenhouse Gas (GHG) emissions. This data is accessible across Ivalua’s Source-to-Pay solution to facilitate more sustainable procurement decisions within daily operations.
Makers of weight loss drugs are looking out a big picture window of patented opportunity right now, but this rosy view is blocked by supplychain challenges. What role can supplychain play in preventing stockouts? So how can supplychain orchestration help?
The move amounts to a weaponization of the Periodic Table and highlights a strategic vulnerability that could disrupt defense and industrial supplychains. Exiger is the only company capable of identifying the holistic supplychain impacts of critical minerals from technical data packages.
In January 2023, the Germany SupplyChain Due Diligence Act will come into effect, requiring businesses to monitor supplychains for human rights violations and compliance with environmental standards. Abigail Myers-Antiaye – the principal product compliance manager at Coupa.
For a few years now, supplychain professionals and pundits have been speculating on what the so-called “new normal” will look like. Closer to home for supplychain professionals, driver shortages continue to plague the industry.
Driving decarbonization with technology In 2023, the SAP CPO Think Tank community has been closely examining how companies can accelerate supplychain decarbonization. This blog highlights key strategies from these recent forums on sustainable procurement and practical tips to achieve impactful results.
The Digital SupplyChain Journey: Step 2 – Digital Transformation Leadership! The Digital SupplyChain is the future. Electronic connectivity is THE backbone that makes the Digital SupplyChain a reality. Very few companies have that entire SupplyChain electronically connected.
In this article, we look at how customer service outsourcing can positively impact your supplychain 1. You can then redirect these savings to other areas of your supplychain, such as improving inventory management or transportation. Originally written for SupplyChain Game Changer and published on October 30, 2023.
It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supplychain. It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supplychain.
While flashy consumer-facing products like social apps garner much attention, innovation in less glamorous areas like supplychain management is equally responsible for propelling startups to unicorn status. Leveraging emerging technologies gives startups supplychain advantages that legacy players cannot match.
SupplyChain Education and Certification – What’s Missing? The world is becoming increasingly interconnected, and supplychain management has become a critical aspect of business operations. In this article, we will rank and describe the top 10 university SupplyChain management programs in the world.
per cent in January 2023, down from 9.2 Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. Unchecked inflation can not only damage profitability and hinder growth opportunities but also impact long-term success.
Paul is the Founder and Chief Strategy Officer of Verusen , a supplychain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. The result is a foundation that organizations can trust to fuel digital transformation and support supplychain maturity initiatives.
The Fleet Feet SupplyChain The goal for the Carrboro, North Carolina-headquartered retailer is to make each store a hub for the local running community that it serves. Outfitters expertise, along with these data-driven insights allow customers to find their best-fitting footwear. They moved from QuickBooks to NetSuite.
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