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The late Thomas Samuel Kuhn, an American philosopher of science, introduced the term “paradigm shift” in his 1962 The Structure of Scientific Revolutions. The term caught on. As Tania Lombrozo ( @TaniaLombrozo ), a psychology professor at Princeton University, notes, “Talk of paradigms and paradigm shifts has since become commonplace — not only in science, but also in business, social movements and beyond.”[1] She adds, “A paradigm shift is defined as ‘an impo
A modern ERP software platform provides this foundation, serving as a central source of truth for financials, operations, and the supply chain — essentially every aspect of a manufacturing or distribution business. But not just any ERP platform will do. Just as the market changes rapidly, so does technology, and to take full advantage of the new technologies and new capabilities that enable digital transformation , it’s important to deploy the latest version of software.
Your ship’s come in! That’s a good thing, right? Much of the merchandise languishing aboard cargo ships stuck in ports around the world during the pandemic-fueled supply chain crisis has made it to store shelves. No doubt this brings some mirth and merriment in an otherwise bleak stretch for consumers, but it also brings a massive migraine for retailers.
The only way to drive business is to embrace change; in today’s uncertain world, this is more valid than ever. Still, we can see that it is hard for many companies to go outside of their box and challenge the status quo. I have seen a lot of scary examples where a company wants to stay in the old box and connect new technologies and innovation…….and they fail, again and again and again.
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.
Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Yet, in today’s omnichannel world, retail returns are key to driving business growth, thanks to their ability to enhance the customer experience, minimize losses, and preserve long-term revenue.
Byron Bennett and Joe Lynch discuss the Zergratran story. Byron is the Founder and CEO of Zergratran , an innovative and sustainable high-capacity transportation company that is building the world’s first tunnel to expedite shipping goods between the North Atlantic and the North Pacific. In doing so it will offer faster, smarter, safer and cheaper solutions to existing alternatives.
Byron Bennett and Joe Lynch discuss the Zergratran story. Byron is the Founder and CEO of Zergratran , an innovative and sustainable high-capacity transportation company that is building the world’s first tunnel to expedite shipping goods between the North Atlantic and the North Pacific. In doing so it will offer faster, smarter, safer and cheaper solutions to existing alternatives.
As reported by Dion Rabouin in the Wall Street Journal last week, “top executives at large U.S. companies are increasingly talking up bringing workforces and supply chains back home — known as ‘re-shoring’ — during second quarter earnings calls. Data from Bank of America shows use of the term has spiked to a record level, Read more Reshoring: “The Beginning of De-globalization” or More of the Same?
If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? In times that continue to defy our ability to predict them, the words of famous statistician George Box have never been more right: “All models are wrong, but some are useful.” So what can we do to make models more useful? Artificial intelligence and machine learning ( AI/ML ) can improve forecast accuracy, but a bigger problem is the failure to set accurate expectations around foreca
Jim Bierfeldt and Joe Lynch discuss the logistics buyers survey created by Jim and his team at Logistics Marketing Advisors. About Jim Bierfeldt. Jim Bierfeldt is the Founder and President of Logistics Marketing Advisors. Jim has had a 35-year career in marketing and communications, including 25+ within the logistics industry. He ran marketing for a large 3PL before launching his own marketing agency, Logistics Marketing Advisors, which focuses exclusively on providing marketing strategy and ser
There are many reasons why I can’t think straight this morning, so I’ll just go straight to the supply chain and logistics news that caught my attention this week. Amazon launches same-day delivery from some brick-and-mortar retail brands (CNBC) Aurora and Schneider to Autonomously Haul Freight in Texas Self-Driving Truck Accident Draws Attention to Safety.
Earlier this week I saw an investor video discussing growth stock performance. It included all of the usual suspects – Amazon, Alphabet (Google), Tesla, and other household technology names. This was on a day I was busy analyzing the global warehouse automation market. I had just reviewed KION Group’s financials that showed the Supply Chain Solutions segment (Dematic) grew by 44 percent in 2021.
I remember the evening well. A requirement to apply as an analyst position for AMR Research was to write an opinion piece and defend the article in an interview. My PC was in the shop, and I quickly grabbed a coffee as I headed into the hotel lobby to type the opinion, which I hoped would take less than an hour. My assigned topic was demand visibility.
ToolsGroup welcomes Jon Purdy as Chief Financial Officer and Joseph Luciano as Chief People Officer. . BOSTON — August 4, 2022 — ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, announces it has appointed Jon Purdy as Chief Financial Officer and Joseph Luciano as Chief People Officer. These strategic executive hires support rapid company growth, better collaboration, goal clarity, and ongoing improvement in key business metrics while keeping
“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.
If supply chain snarls kept you from receiving items you wanted last Christmas, you’re in luck. Those items are now arriving in U.S. ports and you may be able to get them at a bargain price. The staff at SupplyChainBrain notes, “Some of the goods remain stuck at seaports and some are heading to liquidators.”[1] Here’s the rub: “All those excess retail inventories are starting to weigh on warehousing markets. … Companies are struggling to find space for the glu
The Future of Supplier Management is Here, and it’s Holistic. Leading, high-performing procurement organizations share one common trait–they consistently prioritize a holistic and integrated approach to Supplier Management. In fact, they go beyond simply supplier management, what they do is Supplier Engagement. Aligning suppliers to overall Procurement and broader business strategy is critical to create sustained long-term value. .
Inventory management has changed substantially in the last few years. Most fulfillment professionals spent years learning about lean inventory strategies, only to find those methods ineffective when the supply chain turned volatile during the COVID-19 pandemic. Now, as pandemic difficulties ease, many eCommerce and omnichannel professionals find themselves asking the question: How much inventory should I have?
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
“Today,” writes tech freelancer Apoorva Bellapu, “it is practically impossible to lead our lives without data.”[1] In the business world, she implies, it is impossible to conduct routine operations without data. She explains, “This is for the sole reason that data has become one of the most critical aspects of businesses.” How critical?
While the task and responsibility for managing the data supply chain is primarily the responsibility of information technology professionals, the concepts and tools we use every day directly apply to the data supply chain as well as the physical supply chain. .
Ongoing challenges in the supply chain, such as shortages caused by increased demands and the shutting down of some factories, continue to affect manufacturing businesses even to this day. However, effectively dealing with these challenges and optimizing a manufacturing business’ processes is challenging without adopting and implementing a Bill of Materials (BOM) to accompany an organization’s ERP system.
Pandemic lockdowns quickly altered consumer buying patterns and delivery expectations and, when it came to their fur-children, pet-parents were no different.One of the largest pet retailers in the U.S. reached out to Chainalytics Supply Chain Design practice to help align its distribution strategy and pivot to serve surginge-commerce demand. While many retailers struggled to … The post National Pet Retailer Thrives During COVID-19 Through E-Commerce Fulfillment Flexibility appeared firs
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.
Current supply chain snarls, often associated with overseas factories and logjammed ports, have made manufacturing reshoring a hot topic. The staff at Manufacturing.net asserts, “As manufacturers face complex supply chain challenges due to COVID-19, trade wars, and political and social unrest, reinvesting in near-shoring or reshoring operations can help build resilience and agility amid the turmoil.”[1] On the other hand, Lora Cecere ( @lcecere ), founder and CEO of Supply Chain Insi
By Paul Williamson (pictured). Guest Author. The post 4 Proven Methods for Developing an Effective IT Strategy for Your Organization appeared first on IT Supply Chain.
The Supply Chain Matters blog provides commentary relative to July’s global manufacturing PMI indices relative to data indicating declining momentum, and some contraction among specific global regions. Global Wide Production Activity. The July 2022 J.P. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. Morgan and S&P Global was headlined with an observation of stagnated production output globally.
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.
By Dominic von Trotha Taylor (pictured). CEO & Chairman, iov42. The post Is blockchain the key to battling counterfeit goods & improving supply chain traceability? appeared first on IT Supply Chain.
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