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AI chatbots are beneficial, but they have room for improvement, so supplychainexecutives should understand the pros and cons and deploy them with caution. Those are expensive mistakes for any supplychainexecutive to make. According to Forbes , 86% of buyers prefer interacting with humans over AI.
Blue Yonder Acquires Pledge Earth Technologies Supplychain planning and execution technology software provider Blue Yonder announced its acquisition of the business of Pledge Earth Technologies Ltd. We built Atomic to be the inventory planning system we always wished we had.
The Suez Canal, for example, is crucial for energy and cargo shipments moving between Asia and Europe. Longer voyages also lead to higher inventory-carrying costs, can lead to increased use of more costly modes of transportation, and can increase demurrage. Avoiding this Canal means going around the Cape of Good Hope.
As supplychainexecutives evaluate zero-emission strategies, hydrogen fuel cell technology emerges as a compelling solution that aligns with the operational demands of commercial fleets. at 29% of the total. at 29% of the total.
This blog is based on an article that recently ran in the Journal of SupplyChain Management, Logistics & Procurement, “ Supplychain agility: An imperative in an unpredictable world.”. These companies did not realize that profitable agility relies on a bag of capabilities, not simply “visibility.”
including digital control towers fueled by artificial intelligence (AI), data science and analytics, strategic product segmentation, inventory management, operations intelligence and analysis, strategic sourcing, and effective pricing and promotions management.
According to a survey by McKinsey, 93% of supplychainexecutives plan to increase their investments in resilience, and 47% of them consider automation and digitization as the top priority. Rolls Royce predicts that lighter unmanned vessels will burn 15 percent less fuel.
Resiliency, which is the ability to withstand supplychain shocks and bounce back quickly, has become the most important requirement for supplychains. Balancing supply and demand by orchestrating the flow of materials and information is a key requirement for managing operational risks.
Industry professionals have put in tireless hours and taken strategic measures to keep the supplychain moving and meet customer demand. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities.
To coordinate, contracts can be made with direct links in the supplychain, but how can organizations coordinate with the suppliers’ suppliers or the customers’ customers? However, commonly used KPIs used by supplychainexecutives are usually focused on logistics performance (e.g.,
News headlines may have you believe that supplychains across all categories are running amok. Cargo stuck in the Suez Canal, a gas pipeline breach, an overburdened power grid, and shortages in lumber, plastics, and semiconductors – all these events in the last few months should make any supplychainexecutive nervous.
According to Gartner Research Director Andrew Downard, IoT enabled devices power supplychain planning by letting you continuously sense, communicate, analyze and act. Breaking down those traditional supplychain silos is no simple task. This can be accomplished through an API-based economy.
This can also help you decide how to manage new items that are new to your business or to your inventory. This is very important and can help you to truly determine what items you need to include in your supplychain. You can manage the uncertain times of year that come when seasons for certain items come and go.
I’d welcome the opportunity to meet with supplychainexecutives to discuss your research questions and objectives for the coming year, and with technology companies and 3PLs to get an update on your products and services. Thirteen Years After 9/11, A New Attempt To Screen 100 Percent of Cargo Containers ( Roll Call ).
As shippers move past COVID-19 related closures, inventory replenishment has become a focus. To satisfy inventory needs, demand for imports has been on the rise since June of last year. No matter the mode of transportation a shipper uses, the shipper is paying more for it, that is, when they can find space.
She writes, “Supplychains depend heavily on cross-border situations where smart [i.e., Addressing supplychain complexity. Analysts at ShipChain write, “Due to [supplychains’] inherent complexity, there are ample opportunities for items to be misplaced, lost, or stolen. ”[3].
Click on a link below to browse tips related to a topic of interest: Tips for optimizing your warehouse layout & organization Tips for optimizing your warehouse workflows & processes Warehouse inventory optimization tips Optimizing your warehouse with tools & technology Tips for optimizing your warehouse layout & organization 1.
Retail supplychain management has always been a complicated and complex process. But in the timeframe between 2020 to 2022, a volatile supplychain market showed the weakness in outdated, legacy supplychainexecution built on rigid technology or lacking any accurate data that can improve overall decision-making.
Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supplychains. When we talk about global supplychain visibility we are referring to: .
Lost or damaged shipments can significantly impact your bottom line when you factor in costs and resources associated with product loss, replacement inventory, and logistics operations. For example, the National Cargo Security Council estimates the global financial impact of cargo losses exceeds $50 billion annually.
The latest report is refreshingly more candid in depicting the challenges and ills of the logistics and transportation services sector and the need for new thinking and added emphasis on shipper and cargo holder value and service’s needs. business logistics costs for 2021. . Specific Highlights. Rising Costs of Warehousing.
According to the April report commentary , the industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022. percent drop in cargo volumes. Further indicated was: “ whether or not we have hit bottom of rates is unclear.”
Strategically planning inventory pickup (backhauls) on return trips from deliveries – in ensuring thar semi-trailers are never empty. Providing at-a-glance insights – to include trailer usage, trip time and distance traveled without cargo.
The sub-text of this report is that much of the cargo that has been planned for either back-to-school, fall, and holiday related fulfillment is either in-transit or mostly already arrived at warehouses. The report’s cited data from the Freightos Baltic Index indicates that shipment of a 40-foot container from China to the U.S.
There are considerable 2023 headwinds facing the industry: Continued elevated inventory levels globally amid consumer, intermediate and investment goods product demand contraction. The open question is where or if excess capacity is deployed in other trade lanes or placed at anchor.
Woitzik additionally indicated : “ Most companies have about 3-4 weeks’ worth of inventory, risking a disruption to supply should the impacts of the strike continue beyond that time frame.” Among the top five are vehicle parts (excluding engines), iron and steel articles, rubber articles, plastic articles and medical supplies.
According to today’s published report by business broadcast network CNBC , The Port of New York/New Jersey has been involved in discussions with ocean carriers and terminal operators about managing cargo leading up to an interruption, ensuring appropriate measures are in place to complete cargo movements off the terminals before any shutdown.
Among the critical use cases to be served by Qualcomm Aware are cold chain distribution, utility asset monitoring, cargo shipment tracking, warehouse and inventory managemen t.”
As the global environment is shifting based on political debates, EU/British negotiations, tariffs driven by the Trump administration, as well as the sudden shifts in country-level policies, supplychainexecutives and planners are working to plan for future uncertainties.
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