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Editor's Note: Starting today we will begin publishing this blog once every two weeks. At last year’s Gartner Supply Chain Executive Conference analyst Tom Enright summarized the essence of successful demand forecasting with the following statement: “ Demand forecast accuracy depends on your ability to recreate the environment in which historical demand occurred.”.
Here in the States, today is National Human Trafficking Awareness Day — a time when we recommit ourselves to ending modern-day slavery and exploitation. Although regulations on human trafficking are tightening, millions of people continue to suffer in every region of the world.
Demand to increase efficiency in warehouse management is at an all-time high. Warehouse managers also face challenges with finding and retaining the right talent, as well as added pressure from customers and shareholders alike. One of the possible ways warehouse managers can improve efficiency is through the implementation of dark warehouses. Let’s take a closer look at dark warehouses and what they mean for the future of warehouse management.
With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs , companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works.
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.
Personalization. Market microsegmentation. New product launch. There are many good reasons to add items to product portfolios, but companies are better at adding than eliminating items. Discontinuing products is a struggle with tension between supply chain and marketing functions. Why is this an important topic? The lack of product rationalization results in the long tail of the supply chain with increasing complexity.
As we enter a new year, it’s a great time to look back at how far we’ve come as an industry, set our next goalposts, and map out where we should be as an industry by 2020. The journey to digitize freight, while initially off to a slow start, has gained momentum in the last two or three years. But the road to true digitization is long and winding. We have a ways to go and the world won’t necessarily wait for us to catch up, especially with external entrants to the industry that will certainly try
As we enter a new year, it’s a great time to look back at how far we’ve come as an industry, set our next goalposts, and map out where we should be as an industry by 2020. The journey to digitize freight, while initially off to a slow start, has gained momentum in the last two or three years. But the road to true digitization is long and winding. We have a ways to go and the world won’t necessarily wait for us to catch up, especially with external entrants to the industry that will certainly try
Editor’s Note: This article is from Steve Bettwy , Vice President – Quality and Business Continuity, Operational Excellence, and Continuous Improvement at Direct Supply. I hope we can agree that Amazon will disrupt an industry if it wants to. Bibliophiles everywhere can still hardly say “Amazon” without snarling, and Amazon’s effect on retail, grocery delivery, and even cloud computing is nothing short of transformative.
There is a lot of discussion in the marketplace about disruption, transformation and the rapid pace of change in supply chain management, but if you’re in the consumer packaged goods (CPG) or contract packaging and manufacturing industries, you know this all too well. Simply put, yesterday’s rules for success are no longer valid in today’s market. So, what are the new rules for success?
The year 2019 has only just begun, so now would be a suitable time to look into the question of which supply chain trends lie ahead for the coming year.
The year ahead will shake up the long-held standards for controlling freight spend and meeting customer expectations. For 2019, the trends in LTL will focus primarily on demand, rates, carrier and trucker expectations, the needs of shippers and more. Let’s get started. 1. E-Commerce Demand Will Drive Trends in LTL for 2019 E-commerce growth is a double-edged sword in modern freight transportation.
Did you make any New Year’s Resolutions for 2019? Are you’re still looking for a personal challenge this year? Then how about joining our Logistics Leaders for T1D Cure cycling team and help us raise money for JDRF in our quest to create a world without type 1 diabetes! There are five rides you can choose from this year: La Crosse, WI: August 8 – 11, 2019 Sonoma, CA: August 22 – 25, 2019 Saratoga Springs, NY: September 12 – 15, 2019 Amelia Island, FL: October 3 – 6, 2019
While 75% of manufacturing companies have a program to promote cybersecurity awareness, only 37% believe that their programs are very to completely effective. Though the manufacturing sector does not attract the sheer volume of total cyberattacks as other areas of the economy, research has shown that coordinated cyber espionage targets manufacturing more than any other sector.
“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.
We live in hectic times. The U.S. is in a trade war with the world. Britain is trying to disconnect from Europe. Cyber attacks are increasing. Climate change is creating violent weather events. The list of crazy things happening goes on and on. Nowhere is change more evident than in the supply chain arena. The staff at Supply Chain Network (SCN) writes, “With rising customer expectations, changing business models, cut-throat competition and the influx of technologies, it’s critical that yo
With tight capacity and rising rates dominating the headlines, 2018 certainly didn’t go as planned or expected for many shippers. As we begin 2019, what are the key lessons learned from last year, and what trends and factors should shippers keep an eye on to make sure they’re able to respond effectively to whatever happens in the transportation market in the weeks and months ahead?
EPA final rules on pharmaceutical returns impose heavy burdens on healthcare providers and distributors. A new rule finalized by the Environmental Protection Agency (EPA) requires that prescription pharmaceuticals sent from healthcare facilities to reverse distributors must be regulated as solid waste and evaluated for hazardous classification at the healthcare facility before they are shipped.
For companies in the wholesale distribution niche, the advent of e-commerce can be a double-edged sword. Part 3 of our E-commerce Series brings to light new industry challenges and advantages.
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
Unlike the original definition of Omnichannel, Omnichannel 2.0 is about bringing the entire enterprise together, not just enabling support within legacy systems for an omnichannel approach, retailers and supply chain leaders must increase proficiency across all channels, engaging with consumers and personalizing the shopping experience.
With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. Much like your neighbors use portable on-demand storage to store their household items during move-ins, move-outs, or home renovation projects, truck trailers in yards increasingly are being used to
Get your complimentary excerpt copy of the IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Networks 2018 Vendor Assessment. Privacy mode may affect your ability to download content, so we recommend standard browser settings. According to the IDC MarketScape, multi-enterprise supply chain commerce networks are a critical element of both the current and future supply chain. “By 2020, half of the large manufacturers will have begun shifting their supply chain applications fr
In recent years, a torrent of new laws and regulations enacted globally have aimed to eliminate forced labor from modern-day supply chains. Are they having any impact?
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
It’s a new year and retail is moving faster—finally we’re seeing retailers looking in the right direction—up. A unified commerce environment, an on-demand marketplace, social media, growing competition and new technologies mean an evolution in the way we shop. Everything is changing – from pricing and planning the just right product assortments to forecasting demand and creating an unforgettable in-store experience.
Editor’s Note: “Above the Fold” is a new segment on Talking Logistics where we spend a couple of minutes discussing a headline or two from last week’s supply chain and logistics news and raise a question for you to answer. As reported last week by Material Handling and Logistics , the transportation and warehousing sector experienced the largest overall drug positivity increase of any sector between 2015-2017 (21.4%, based on data from the Quest Diagnostics Drug Testing Index), with
Healthy growth is expected to be driven by broad-based industrial demand. Following growth throughout 2018, the chemical industry is expected to see continued healthy demand for basic chemicals throughout this year, with most specialty segments predicted to benefit from growing demand as well, especially in construction markets. Expansion across a broad band of industrial sectors is supporting American economic growth, observes Kevin Swift, chief economist at American Chemistry Council (ACC) and
The liquidation woes of Sears Holdings, owner of iconic retailer Sears and Kmart, underscore the dramatic decline in bricks-and-mortar retailing in the face of booming e-commerce sales and shifting consumer buying patterns. But as attendees of the recent MIT Center for Transportation & Logistics (MIT CTL) Future of Retail roundtable heard, high street retailing is […].
What is Remote-Insourcing? Sounds like an oxymoron, right? Not anymore. Remote-Insourcing isn’t outsourcing—it’s a revolutionary staffing model that lets our clients fill key entry-level positions with top-tier, loyal, long-term talent, integrated seamlessly into their businesses—just like local employees but without the turnover or W2 HR hassles. With under 4% unwanted attrition, you train once and keep the same team for years.
Guest Post: Mark McKendry, Vice President of Intermodal at NFI When compared to 2017 volumes, North American intermodal volumes grew by over five percent in 2018 – despite extreme congestion in Chicago, a chronic chassis shortage on the U.S. East Coast, and atypical demand trends driven by e-commerce growth and tariff threats. Although the railways.
The Wall Street Journal’s recent analysis of retailers’ logistical challenges highlights the appeal and success of alternative solutions to traditional warehousing in retail and beyond. Driven by problems of scale, pricing, and flexibility, these new solutions help shippers reach key markets, meet holiday demand, and ultimately gain a competitive advantage.
Subscribe Here! Email Address. The Negotiation Before the Negotiation! Article and permission to publish here provided by Nikita S at [link]. Procurement, or Purchasing, is an area of Supply Chain that involves and requires very specific skills and expertise. This is particularly apparent if you are hiring a Procurement professional, you are looking for a Procurement job, you are looking to outsource anything, or you are dealing with Procurement people in the course of conducting business.
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