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According to McKinsey survey of global supply chain leaders , only 53% of respondents describe the quality of data in their supply chain planning systems as “sufficient” or “high.” Yet leaders with high-quality master data are 1.5x less likely to be affected by supply chain disruptions. A transparent and well-controlled supply chain plays a crucial role in a company’s success.
As you read this, I’ll be on a 6-hour drive back home, after driving 6 hours yesterday to pick up my oldest son from college. I also spent a busy two days at SAP Sapphire earlier this week (stay tuned for my takeaways). Needless to say, I’ve logged a lot of steps and miles the. Read more The post Above the Fold: Supply Chain Logistics News (May 19, 2023) appeared first on Talking Logistics with Adrian Gonzalez.
Predictable financials are as much, if not more, important today as they were 35 years ago. Today’s sales and operations planning (S&OP) process encompasses people, process, and technology to create a business plan that will deliver the predictable financials executives seek. It is more than delivering an accurate view of the future, S&OP is about creating a repeatable process that can withstand the onslaught of supply chain disruptions, become the heartbeat of the organization, and br
Foxconn to build $500 million factory in India Electronics manufacturer Foxconn has started construction on a new manufacturing site in India, with plans to invest $500 million in the facility…
Conducting global operations across multi-tier or even single-tier supply chains presents numerous sustainability-related risks and opportunities. Biodiversity loss, in particular, has far-reaching consequences for supply chain sustainability performance due to the dependence of companies on nature. With the establishment of the Taskforce on Nature-related Financial Disclosures (TNFD) in 2021 and the Kunming-Montreal Global Biodiversity Framework (GBF) in 2022, businesses have more guidance in s
Jennifer Karpus-Romain and Joe Lynch discuss elevating transportation sales and marketing. Jennifer is the Executive Director of the Transportation Marketing and Sales Association (TMSA) , an association that enables sales and marketing professionals to learn and give back to the transportation and logistics industry through education, connections and resources for close to a century.
Jennifer Karpus-Romain and Joe Lynch discuss elevating transportation sales and marketing. Jennifer is the Executive Director of the Transportation Marketing and Sales Association (TMSA) , an association that enables sales and marketing professionals to learn and give back to the transportation and logistics industry through education, connections and resources for close to a century.
Retailers know firsthand how quickly the market can change. One day, a product is flying off the shelves, and the next, it’s gathering dust. That’s why it is important to stay on top of the supply chain planning trends - they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers' needs. The post 6 Retail Trends & Supply Chain Planning Challenges in 2023 appeared first on Solvoyo.
I have written about drones a lot here in the past, and all the practical (and often times impractical) applications they have been used for. I saw an interesting story earlier this week about how a police department in a small Maryland city is using drones in its effort to thwart illegal dirt bike riding within city limits. Police in Hagerstown are deploying a surprisingly large fleet of low-cost drones and training more than 20 percent of the department’s officers on how to fly them.
In the Bulk Connection blog, we routinely interview individuals that help keep the bulk shipping industry in motion. In this latest article, we interview liquid bulk carrier and Bulk Connection carrier partner, Jim Jones, General Manager of Jeff Foster Trucking , about a variety of bulk transport topics, including the role that the Bulk Connection Tank Wash Finder plays in his daily operations.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Through the first four months of 2023, the Port of Los Angeles processed over 2.5 million TEUs, a 29% drop-off compared to the first four months of 2022.
In the highly competitive world of retail, businesses are constantly looking for ways to attract new customers and move inventory. One commonly used strategy is to mark down items. This involves reducing the original price of a product to encourage sales and clear out excess stock. However, while markdowns can be an effective way to manage inventory and boost sales, they also come with potential downsides, such as: Reduced profit margins Negative impact on brand perception Unnecessary holding co
The burgeoning manufacturing and logistics hub of Rocky Mount, NC has received another rail-related boost. The new Wilmington-Rocky Mount Express is a new rail line that now connects the Port of Wilmington (North Carolina) with the CSX Connector in Rocky Mount. About the Wilmington-Rocky Mount Express The Express is a 140-mile rail line that extends from the Port of Wilmington to the CSX Connector terminal in Rocky Mount.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
This article provides an overview of the benefits of using multiple delivery route planner software. It explains how it helps businesses to optimize delivery and how it helps reduce fuel consumption. The post Benefits of Using Multiple Delivery Route Planner Software for Your Delivery Business appeared first on loginextsolutions.com.
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Just How Do I Speak To My GF About The Woman Putting On Weight (Without Annoying Her)? Issue The Answer Hi Shallow Shea, This may sound counter-intuitive, but more or less no matter the problem available, if you are concerned with something in your union, you ought to take it up right away. Yes, After All instantly. Certainly, whether or not it really is one thing touchy.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
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