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BSR Releases Their Future of Supply Chains 2025 Outlook The Future of Supply Chains 2025 primer by BSR outlines key procurement priorities and forces of change that will shape supply chains. Song of the week: The post Supply Chain & Logistics News Round-Up (December 30th 2024- January 2nd 2025) appeared first on Logistics Viewpoints.
Over the past week and a half, the 2024 Paris Olympics have been underway, showcasing exemplary talent, strength, and dedication from athletes across the globe. The post Logistics and Supply Chain News (August 5th- 9th 2024) appeared first on Logistics Viewpoints.
Examples are consensus forecasting, the evolution of the SCORE model, the Annual State of Logistics Report, and the Gartner Top 25. Let’s use the 2024 State of Logistics Report , “Navigating Through the Fog,” as an example. During the pandemic, logistics was a constraint. Why Can We Not Clear the Fog?
However, it’s only early February 2024, and we already have several major disruptions impacting supply chains. As Alan Amling at the University of Tennessee put it, “2024 is riddled with uncertainty.” Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent.
The EUs Forced Labor Regulation (FLR), published on December 12, 2024, prohibits the sale and export of products made with forced labor within the EU market. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
Just when it seemed that 2024 would be a very welcome year of “normal” supply chains, the Red Sea crisis proved that for global supply chains, there is no such thing. With this fresh in mind, how are small and medium-sized importers preparing for 2024? And the answer lies in how their 2023 went too.
Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
This year, nearly 40,000 attendees comprising 6,200 brands from all over the world headed to the Javits Center to see what new solutions and innovations software and hardware suppliers had in store for 2024 and beyond. Blue Yonder also acquired Doddle to close the loop on reverse logistics.
TuSimple Holdings (NASDAQ: TSP) – in its most recent call with financial analysts – reaffirmed that they expect to have fully autonomous trucks on the road in 2024. It is one reason experts on logistics are following the autonomous freight truck market and new approaches to freight procurement closely.
Black (Swan) is the New White Since 2019, supply chains and logistics have seen one black swan event after another disrupt operations and impact costs starting with trade wars and the pandemic and continuing through the Ever Given, Houthi attacks in the Red Sea , multiple labor disruptions, and now a possible renewed trade war.
The Ferrari Consulting and Research Group through its affiliated Supply Chain Matters blog provides perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global Supply Chains. Labor activism in the form of labor contract negotiations among U.S. Indeed, they did.
The FLR, published on December 12, 2024, prohibits the sale and export of products made with forced labor in the EU market. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. Consequently, demand for robust GTC solutions will continue to rise.
APQC conducts research on supply chain and logistics to help organizations assess the performance of their own processes and functions compared to their peers. In May 2024, APQC gathered insights from supply chain professionals on Robotic Process Automation in supply chain.
LSCMS Shippers Council: Logistics Excellence Through Collaboration The LSCMS Shippers’ Council is made up of Logisticians from large and well known and enterprises, as well as thought leaders from industry and academia. we closed the evening with taking group picture with proper social distancing at Clark Quay, Singapore.
More Resources Home Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI As someone passionate about efficiency and technology in logistics, but not an expert in AI, I was initially very excited about AI’s potential. In logistics, the cost of an error or exception is always where problems start to balloon.
And now on to this week’s logistics news. May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. percent, which is up from 5.7
Paul Maplesden , Lead Content Strategist for Logistics and the Supply Chain at GEODIS, explains, “Mapping out key supply chain partners, routes and other factors is a good first step toward resilience. Proactively engage with supply chain ecosystem partners, like suppliers and logistics service providers (LSP) to conduct a risk check.”[6]
” Logistics optimization. This ensures efficient, cost-effective procurement while maintaining supply chain integrity and quality standards.” ” SAP Explainer, 19 August 2024. [3] This prevents surplus, reduces carrying costs, and minimizes the risk of stockouts, ensuring a balanced inventory.”
More Resources Home Welcoming Shipsta to Freightos Zvi Schreiber August 19, 2024 Today, I’m beyond excited to share some big news with you — Freightos has acquired Shipsta! Together, we can offer a complete solution that covers the digital procurement of both spot and contract freight services, across air, ocean, road, and rail.
And now on to this week’s logistics news. The startup procured $400 million in a Series E financing round, led by One Madison Group and JS Capitol , that includes Walmart and existing investing partner SoftBank Vision Fund 1 in January 2022. Earlier this week, San Francisco-based vertical farming company Plenty Unlimited Inc.
In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.
ATLANTA – March 11, 2024 – Logility, Inc., They’ve spent the last year (and more) creating safer, more efficient supply chains,” says Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive. Go to [link] to view the full list of winners. Go to www.SDCExec.com to learn more.
It found that among European supply chain professionals there was substantial 19% year-on-year in reported usage of AI, but the share that think it is making their organisations more resilient actually fell between the 2024 and 2025 surveys, declining from 32% of the sample to 28%, indicating initial issues in implementing AI.
Third-party logistics providers are expected to face heightened cybersecurity threats.” They explain, “Rising tariffs, export restrictions and a lack of supplier diversity are making rare metals more expensive and difficult to procure. 4] Inside Logistics, op. 4] Inside Logistics, op. 4] Inside Logistics, op.
These women are doing remarkable things for their communities, organizations and teams and are paving the way for future young female leaders to be a part of an industry that’s making a difference,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive and Co-Founder of the Women in Supply Chain Forum.
From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. From COVID to geopolitical tension, the past five years have emphasized the need for procurement agility. These external factors are near-impossible to predict, forcing more frequent tender updates to remain inline with the market.
Today, however, TGW Logistics is also benefiting from significant cost savings: in 2023 alone, process costs were reduced by around 2.4 Today, however, TGW Logistics is also benefiting from significant cost savings: in 2023 alone, process costs were reduced by around 2.4 million euros. million euros.
The 2024 Finished Vehicle Logistics North America Conference , which took place May 21-23 in California, was a good place for automotive companies to learn about innovative strategies and solutions to drive their supply chains forward. As we heard at the conference, the vehicle logistics industry is responding.
This July 2024, we published a report that tracks the progress that has been made in implementing the key features of Industrie 4.0, A scenario where procurement and consumers directly order a product from the network becomes feasible in this configuration. both in the process and discrete industries. The post Industrie 4.0
The rate of tech adoption in logistics continues to grow. These and many other needed standards would make it much easier for logistics players to share information, provide and receive services, or collaborate. Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged.
Freight Truck Shortages Are Changing The Face Of Logistics. Original article: Freight Truck Shortages Are Changing The Face Of Logistics. TuSimple Holdings (NASDAQ: TSP) – in its most recent call with financial analysts – reaffirmed that they expect to have fully autonomous trucks on the road in 2024.
The Supply Chain Matters blog provides observations and additional information perspectives related to the 2025 State of Logistics report. Background and Summary Earlier this month, the Council of Supply Chain Management Professionals (CSMP) released findings from its annual State of Logistics research report. percent of national GDP.
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. The company opened 10 stores in 2024 and expects to exceed that number in 2025. Better inventory accuracy also improves procurement.
Summary: Revolutionizing the Road: Trimble’s Tech Solutions Join host Joe Lynch as he dives into a fascinating conversation with Kelly Williams from Trimble Transportation, about the cutting-edge technological innovations reshaping the logistics and trucking industry.
More Resources Home Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI As someone passionate about efficiency and technology in logistics, but not an expert in AI, I was initially very excited about AI’s potential. In logistics, the cost of an error or exception is always where problems start to balloon.
Nearly a third (32%) of procurement teams concede to cutting corn ers with their sourcing criteria for suppliers to secure supply. 81% of procurement teams feel pressured by executive teams to respond more quickly and effectively to challenges such as inflation, disruptions, and shortages. Redwood, CA, 25 October, 2022. About Ivalua.
The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog provides an overview of our 2024 annual prediction themes for industry and global supply chains. Themes and Perspectives for 2024 and Beyond Business and economic outlooks for 2024 call for the global economy to decrease 0.1
Bristlecone, the industrys largest pure-play supply chain service provider, is thrilled to announce its recognition in the 2024 Gartner Market Guide for Supply Chain Strategy, Planning and Operations Consulting [1] and Market Guide for Supply Chain Planning Solutions Systems Integrators [2]. and/or its affiliates in the U.S.
Prepare your business for the stormy seas of the 2024 hurricane season. Outlook for hurricane season 2024 This year, hurricane season starts June 1, 2024, and ends November 30, 2024, and will primarily affect the Atlantic Ocean, the Gulf of Mexico, and the Caribbean Sea. What sets this year’s hurricane season apart?
trillion industry by 2024 , consisting of not only food, but also cosmetics, pharmaceuticals, modest fashion, media & creation, and Muslim friendly travel. Some distributors and logistics might be halal certified; most are not. I would certainly recommend before the year 2024. Developments.
The connected ecosystem of composition agents works across fulfillment, procurement, planning, and logistics. Gartner, Emerging Tech Impact Radar: Conversational Artificial Intelligence, Danielle Casey, Eric Goodness, 6 December 2024) However, the companies that start now will shape the future.
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