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Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility! The Coronavirus situation has now been declared a pandemic. With over 750,000 cases, over 36000 deaths the expectation is the number of infections will continue to grow at an incredibly rapid rate. Countries and companies are taking extreme measures.
By mid-March, it had become difficult to keep track of what seemed like the high-speed unravelling of the world’s economy and its means of social connection. Abrupt governmental decrees, designed to contain the rapid global spread of COVID-19, were being matched by equally unsettling private-sector decisions to cancel or postpone public events, college classes, athletic competitions, worship services, and much, much more.
It is 2020; we now have reasonably accurate short-term weather forecasts. NOAA, the National Oceanic and Atmospheric Administration in the US, reports that the five-day weather forecasts are approximately 90 percent accurate, 80 percent for the next seven-days, establishing an acceptable level of accuracy for this crucial external input for supply chain planning, especially short-term demand forecasting.
Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How was BD Biosciences successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global
Lack of system integrations and actionable insights are stopping organizations from accurately measuring performance. REDWOOD CITY, Calif. , March 31, 2020 /PRNewswire/ — Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.
Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.
Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.
ToolsGroup customers around the world have had to drastically adjust their supply chain planning in response to COVID-19 demand volatility. Between restrictions on the global movement of people and goods and economic ramifications such as soaring unemployment and reduced consumer spending, these companies are having to dynamically redefine demand forecasts, safety stock levels and promotions.
ANCA builds CNC tool grinding machines. It’s a niche industry, but also one of the cornerstones of discrete parts manufacturing. These machines produce the cutting tools other machine tools use to cut metal. They’re complex machines assembled from thousands of parts, many purchased from highly specialized manufacturers. In some cases, only one or two companies in the world can produce the components ANCA needs.
Using this information, supply chain leaders can address supply chain challenges, reduce costs and at the same time improve service levels. Predictive analytics techniques allow organizations to identify patterns and trends hidden in their data to understand market trends, identify demand and establish appropriate pricing strategies.
New Ivalua study shows technology challenges are hindering procurement teams from achieving business objectives. Lack of system integrations and actionable insights are stopping organisations from accurately measuring performance . 31 March, Redwood City, CA – Ivalua, a leading provider of global spend management cloud solutions , has announced the latest findings of a worldwide study of supply chain, procurement and finance business leaders on Effective Procurement Performance Measurement.
Robots are a cornerstone of a smart factory, automating a wide range of manufacturing tasks that are monotonous, physically straining, or even hazardous. However, real-world robotics deployments have not lived up to the revolutionary potential the industrial sector had originally envisioned. Robot implementations are typically confined to specific applications, carry high costs, and are time-consuming.
In global manufacturing, disruptions are everywhere. Obviously, we are in uncharted waters with the outbreak of the Coronavirus. But prior to this crisis, disruptions to manufacturing and the supply chain have been increasing throughout the world. Be it weather, geo-political issues, global warming, consumer preference changes, or now, a worldwide pandemic, we can safely say, disruptors are here to stay.
When a disaster strikes such as the current COVID-19 outbreak, it’s a time when your business will truly need the support of its supply chain partners. Many 3PLs are showing that they will go to great lengths to ensure the continuity of customers’ operations. In this article, we’ll look at some of the ways your 3PL can keep your products flowing during this crisis – and what you can do to help.
The agricultural supply chain is one of the world’s most vital conduits between producers and consumers. Yet visibility and traceability remain major concerns.
ShipChain , a blockchain-based logistics solutions provider, announced today that it is donating up to one Petaflop of computing power – approximately one quadrillion calculations per second – to assist Folding@home scientists attempting to find the cure for the COVID-19 pandemic. . “ Folding@Home is a wonderful decentralized group effort in finding effective treatments for numerous diseases and has recently become even more critical in understanding how we can effectively treat COVI
5 Ways to Discover Your Most Accurate and Actionable Traceability Data. The two central pieces of a traceability program are the proper labeling of products and the submission of data at critical touch points throughout the supply chain. Once your supply chain partners are labeling their products and/or submitting traceability data to an accessible data repository, you now have access to your partners’ traceability data.
In our first update , we addressed how Clear Spider will continue to serve our clients in these challenging times and circumstances surrounding COVID-19. Additionally, in our most recent update , we answered the pressing questions regarding whether now would be a good time to implement an inventory management system for businesses and other organizations.
At what stage should you design the materials handling of your warehouse? Have you seen a company end up with the wrong size warehouse? It happens. A lot! They leave it far too late in the overall process. Check out the video below on when you should work out in designing a warehouse. Note of the common mistakes and contemplate what needs to be done instead.
By: Sunil Pandit, Director, Global Practices, Bristlecone. The financial crisis of 2007-08 was referred to as a black swan event because it caused catastrophic damage to the global economy and triggered widespread disruption to people’s lives. But the world recovered from it, and following that event, we experienced an impressive 11-year upswing. In fact, until recently, we were enjoying a booming economy and seeing overall improvement in the lives of people around the world.
The $53 trillion manufacturing economy in the US is undergoing a major automation paradigm shift due to Artificial Intelligence (AI). Thanks to new practical frameworks, automation projects that were once impossible or inefficient to implement are now being fast-tracked, and robotics automation is becoming increasingly relevant to a growing number of users and scenarios.
If you are navigating the challenging process of choosing an eSourcing platform, I recommend that you consider analyzing results from the latest Spend Matters SolutionMap. . Since the first SolutionMap was published in late 2017, it has been used by thousands of organizations in their evaluations and buying decisions. If your organization is like most I have worked with, the approval process is long.
Supply chains have grown exceedingly complex, and the best-in-class transportation management systems of yesteryear are not necessarily the best systems for shippers to succeed in 2020 and beyond. Shippers that wish to stay competitive need to understand a few things about how to recognize the limitations and drawbacks of an existing system, as well as […].
In the “ Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility ” blog post earlier this month, we shared how our data science team is busy feeding data into Blue Yonder’s artificial intelligence (AI)-driven control tower to help visualize and predict current and future impacts of COVID-19. As the pandemic continues to spread, the impact on people’s lives, and by extension, the hidden weaknesses in supply chains have become glaring.
Photo Credit: The Catalyst . Publix , just like many others in the industry, has beg un monitoring its suppliers’ delivery performance. . The southeastern purveyor has instituted a stringent on-time compliance program for all vendors working with the grocery chain. . It measures on-time delivery performance and tracks metrics through a supplier scorecard given to all vendors working with Publix. .
“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.
Editor’s Note: Today’s blog is written by Michael Gorman, who discusses 5 different ways that advanced technology is changing the way traditional transportation and logistics business models function. The transport and logistics industry has a lot of suppliers who have had to change the model of their business in the last few years. Many of them have had to adapt and.read More.
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
Van rates may fall as fast as they rose, as declining load-to-truck ratios signal the end of the coronavirus-fueled spike in spot freight. Retail inventories are still being depleted and replenished at a rapid pace, but the freight pipeline is depleted because of business closures all over the country. Plus, many consumers face sudden job losses, making them wary about discretionary spending.
We understand. Please let us know if we can help you in the future. We will be here to support you. Today, hundreds of facilities use PINC’s yard management, enterprise visibility, and real-time asset tracking solutions to gain visibility, increase operational efficiency, and reduce costs. PINC is a global 24×7 organization and you can count on us to be there to support your business, during this time of uncertainty.
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