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COVID-19 has had an enormous impact on companies’ planning processes. “You can’t ignore it,” says Chainalytics’ Juha Martikainen. “The pandemic has taught us that you have to be prepared to deal with uncertainties. You need to adapt quickly to changing circumstances.” Interview via Supply Chain Magazine Based out of Helsinki, Juha Martikainen has been consulting … The post Prepare for Unforeseeable Uncertainties With Supply Chain Planning appeared first on Chainalytics.
Why not present Supply Chain Management (SCM) procedures that can quickly increase resilient SCs, and why some of the prevailing SC processes are not appropriate for tackling such risks demanding responses. Risk, Resiliency, and Supply Chain Modelling must be at the top of any transformation.
Supply chains today can vary from simple to highly complex global networks. The use of several third-party logistics providers often weakens supply chain visibility and can make it difficult to track orders as they move through the system. This approach leaves businesses struggling to gather the needed data to resolve exceptions, implement corrective actions, and.
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.
Supply chain sustainability is a higher priority than ever. In MIT’s State of Supply Chain Sustainability 2021 , 80% of executives surveyed said the pandemic either had no impact on their commitment or increased it. PwC reports that almost half of assets under management are held by investment firms committed to decarbonization. Investor concern about material risks from climate change have created new reporting frameworks, such as those by the Sustainability Accounting Standards Board (SASB) an
Any discussion on supply chain risk management and applying managed transportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supply chain disruption. Let’s take a closer look at an examination by Industry Week , “Beyond the immediate impact on PPE Suppliers and Raw Materials for Hand Sanitizers, the pandemic gave a view of the degree to which many manufacturers were vulnerable to suppliers.
Any discussion on supply chain risk management and applying managed transportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supply chain disruption. Let’s take a closer look at an examination by Industry Week , “Beyond the immediate impact on PPE Suppliers and Raw Materials for Hand Sanitizers, the pandemic gave a view of the degree to which many manufacturers were vulnerable to suppliers.
Supply chains around the country are in great need of warehouse and transportation workers. Just last month I noted that warehouse labor productivity was hindered extensively by COVID-19 and that 80 percent of ARC’s warehouse survey respondents anticipate an increase of order throughput volumes in 2021. Furthermore, COVID-19 exacerbated the existing shift from retail store purchases to e-commerce transactions, with a 32 percent increase in 2020 US e-commerce sales, according to the US Census Bur
Hello and Welcome to the Week in Review! This is the weekly blog post for a one-look overview of what happened in the DELMIA Communities this past week. But there is a lot more than what is below. Visit the communities to see the exchange of information and ideas between members and DELMIA experts. With eight active communities, you are sure to find at least one to suit your DELMIA interests.
Strengthen your operations with the Supply Chain Resilience Checklist. This practical, easy-to-use tool helps your organization prepare for disruptions and ensure long-term continuity in an unpredictable world. Why Download: Identify and assess critical supply chain risks Ask the right questions to evaluate vendor preparedness Implement effective strategies to reduce vulnerabilities Improve communication, transparency, and coordination across your network What You’ll Learn: How to evaluate and m
Two of the leading operations & supply chain management journals have recently announced their best paper award winners. First, the Journal of Supply Chain Management ’s Harold E. Fearon Best Paper Award goes to Fabrice Lumineau and Nuno Oliveira, who published an article that is entitled Reinvigorating the Study of Opportunism in Supply Chain Management.
For the US Women’s National Soccer Team, the 2020 Tokyo Olympics were supposed to be another Gold Medal event, as it entered with a 44-match unbeaten streak. That streak came to an end in its first match, a 3-0 loss to Sweden, which happened to be the last team to defeat the US. And while the team still advanced to the knockout stage, its run ended with a hard-fought bronze medal victory over Australia.
In my previous blog , we delved into the paradigm shift in warehouse and distribution center (DC) functions and uncovered key themes and insights from our live Q&A with Reuters Events, Prologis and Henkel held on June 29. Here, we address those themes and how DELMIA’s Warehouse Experience—a virtual experience solution for warehouses and DCs—can accelerate transformation to ultimately establish the Warehouse of the Future. 1.
“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.
A few weeks before we graduated from Cornell, my friend Paul Osenar approached me after class. “I’m cycling cross country after graduation. Do you want to join me?” My first thought was “That’s insane!” My second thought was “I’m in.” I called my best friend from high school, Peter Aquilone, who I knew would be. Read more Above the Fold: Supply Chain Logistics News (August 6, 2021).
One thing’s for certain, in this otherwise entirely unpredictable world of supply and demand: companies looking to succeed in commerce today can’t do it alone.
Driver dwell is a key source of driver dissatisfaction and contributes to the driver shortage. Earlier this summer, FourKites held a Carrier Visibility Summit. This was an online event. One of the speakers was Abby Weisenberger, a distribution consultant at Kimberly-Clark. What made Ms. Weisenberger’s presentation particularly interesting was that while Ms.
From shifts in consumer demand to new regulations and disruption in market dynamics and supply networks, food and beverage (F&B) industry executives have always had many reasons to stay alert. But lately, a new set of supply chain challenges is making everyone more concerned that their business could fall behind overnight. And the stakes have never been higher.
Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage
This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.
Note: Today’s post is part of our “Editor’s Pick” series where we highlight recent posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post from Elemica’s blog discusses how “many ‘unavoidable’ operating costs we’ve all come to accept can be reduced dramatically, or.
Integrated business planning ( IBP ) is gaining a lot of traction as more companies seek to advance their sales and operations planning (S&OP) process. IBP is long-range strategic business planning that combines volumetric and financial data into a single, highly visual, comprehensive planning platform that delivers greater global visibility, more powerful multi-scenario analysis over longer planning horizons, tighter collaborative workflows, and a wider spectrum of alerts.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
A consumer buys two different shirt sizes online and returns the one that doesn’t fit. A retailer returns pallets of unsold merchandise back to the manufacturer. As consumer purchasing habits continue to favor online channels and as B2B ecommerce transactions grow faster, the scale and complexity of product returns have skyrocketed. Some estimates find 30.
By Emily Henry (pictured). Finance Writer. The post How Artificial Intelligence (AI) Can Assist Accountancy Teams With Invoicing & Processes appeared first on IT Supply Chain.
Fashion label Marc O’Polo sought to eliminate manual data management and lay the groundwork for an omnichannel retailing strategy, in support of both stores and online sales.
Agility: the ability to move quickly and easily. When you think of what it means to be agile, you might think of an Olympian athlete competing for the gold. But in the ecommerce supply chain context, agility relates to how quickly an ecommerce business can adjust to ever-changing expectations in speed and delivery. An agile supply chain must also be able to react quickly to changes, delays, and unexpected events to maintain customer expectations, stay competitive, and grow their business.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
As 2021 has had its share of supply chain challenges – particularly related to container imports – we all are looking for the light at the end of the tunnel and a semblance of normalcy.
By Justin Vaughan-Brown (pictured). VP Product Marketing, Deep Instinct. The post Expert comment on Lazio’s possible supply chain attack on vaccine portal appeared first on IT Supply Chain.
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