Remove 2023 Remove Procurement Remove Warehousing
article thumbnail

Amazon and the Shift to AI-Driven Supply Chain Planning

Logistics Viewpoints

A 2023 McKinsey study found that companies relying on reactive supply chain management lose up to 10% of annual revenue due to inefficiencies and missed opportunities. This system allows for dynamic inventory adjustments across warehouses, reducing stockouts and minimizing excess inventory.

article thumbnail

Winning the Race, Fleet Feet Implements Autonomous Mobile Robots

Logistics Viewpoints

To improve their operations, they installed autonomous mobile robots in their warehouse. According to a survey of 250 global companies by the consulting firm McKinsey, 91% of shippers and 75% of logistics service providers have implemented a warehouse management system. Can a warehouse with so few pickers get good payback from AMRs?

Insiders

Sign Up for our Newsletter

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

article thumbnail

The US FDA’s Phase-Out of Synthetic Food Dyes – Supply Chain Impacts & Challenges

Logistics Viewpoints

Companies may need to revise inventory strategies and adjust procurement lead times accordingly. In many cases, current warehouse and transportation arrangements will need to be re-evaluated. States with Enacted Bans California: In 2023, California passed the California Food Safety Act, banning four additivesincluding Red Dye No.

article thumbnail

Supply Chain Resilience is Essential in an Uncertain World

Enterra Insights

Interestingly, in Q3 2023, 38% of manufacturers, distributors and retailers missed their target for revenue guidance for the quarter. According to the EY analysts, “Companies should develop a methodology to measure risk for each supply chain node, warehouse, factory, supplier or transportation node.” … My conclusion?

article thumbnail

Making Logistics Data Actionable: Insights from Freightos and Gryn

Freightos

Disparate systems, such as Warehouse Management Systems (WMS), Transportation Management Systems (TMS), and Enterprise Resource Planning (ERP) platforms, often operate in silos, resulting in inconsistent data formats and poor data quality. Yet, as Esch highlighted, even global companies struggle with data harmonization.

article thumbnail

Report From DPW: What’s Next for AI in Supply Chain?

Supply Chain Brain

Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.

article thumbnail

7 Benefits of Outsourcing Logistics!

Supply Chain Game Changer

As supply chains become more complex and globalized, many companies find it beneficial to rely on third-party logistics (3PL) providers to handle some or all of their transportation, warehousing, distribution, and fulfillment needs. They offer flexible management of labor, warehouse space, inventory, and transportation assets.