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This article is part of our Retail Program. Designed specifically to support global leaders by aiding in creating a strategic plan to help them win the retail game. Learn more about it now! 5 Min Read. Download for later. Let's take a look at the absolutely fundamental importance of the software systems that underpin DC operations: Warehouse Management Systems (WMS).
Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity. Almost perversely, supply chain is also the final frontier of tech-based efficiency optimization. Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets.
Supply chains have been front and center since the start of COVID-19. As cases spiked and state governments started rolling out stay-at-home orders, consumers stocked up on shelf-stable food, toilet paper, disinfectants, and more—leaving empty store shelves and the media pointing the finger at “supply chains.” For those of us in the industry, we knew … The post Pivot from B2B to B2C with Retail-Optimized Packaging appeared first on Chainalytics.
Of all the emerging trends in online shopping, one of the hottest is subscription box services. According to Fuel, A McKinsey Company , the subscription box industry is now worth about $10 billion and is still growing. Even more enticing is the fact that, while there are certainly leaders in this market, there are still opportunities for newcomers to claim market share.
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.
There’s a lot of talk about supply chain resiliency, but what does that really mean in a practical sense? While the pandemic is an extreme and unprecedented example, disruption has many faces – from daily exceptions to lasting and impactful events, like tariffs and natural disasters. The first and most practical step all businesses must take to bolster their supply chain resiliency is to invest in a Control Tower and Visibility solution.
There is a growing consensus that traditional supply chain management is transforming to meet the demand of today’s challenging market. The future of the supply chain is automated and capable of handling needs that go well beyond what experts surmised artificial intelligence and the host of new technologies could enable. “Many companies have already automated […].
There is a growing consensus that traditional supply chain management is transforming to meet the demand of today’s challenging market. The future of the supply chain is automated and capable of handling needs that go well beyond what experts surmised artificial intelligence and the host of new technologies could enable. “Many companies have already automated […].
This article is part of our Retail Program. Designed specifically to support global leaders by aiding in creating a strategic plan to help them win the retail game. Learn more about it now! 5 Min Read. Download for later. There is a bloody battle taking place in the world of retail sales. It's a fight to the death to win customers. Whether you operate in cyberspace trying to attract e-commerce buyers, or are focused on getting warm bodies into bricks-and-mortar stores, the struggle is intense.
Too often – make that almost always – importers and exporters (BCOs – Benefiticcial Cargo Owners) are dependent on their NVOCC, Freight Forwarder or 3PL (3PL) to provide them with visibility into their global supply chains. Too often they are dependent on their 3PL for reports and analytics that provide the meaningful information they need to really improve their global supply chain execution.
Let me start with a quote from a great leader!! “When the world changes around you, and when it changes against you, what used to be a tailwind is now a headwind — you need to lean into that and figure out what to do because complaining isn’t a strategy.”. — Jeff Bezos, CEO, Amazon. Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future.
Across returns supply chains—a core component of reverse logistics—the need to improve performance has never been higher. Companies across the globe have taken note of the value of big data analytics in logistics and how tracking key performance indicators (KPIs) and core metrics can dramatically affect supply chain performance. As explained by Performance Magazine, improvement measurement.read More.
There are various supply chain and logistics certifications that industry professionals can pursue from APICS, ISM, CSCMP, and other organizations. Is getting a certification important for career advancement, especially for new supply chain professionals? Which certification would you recommend? We asked our Indago research community for their perspective on this topic.
A joint initiative focused on guaranteeing the availability of testing swabs through machine learning-powered demand modeling and forecasting. MILAN and BOSTON, July 21, 2020 – ToolsGroup, a global leader in supply chain planning software, and COPAN Group, the world leader in the production of pre-analytics and bacteriology swabs, viral transport media, and systems for molecular biology, announced today a joint initiative to fight the COVID-19 pandemic.
“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Overview. Logistics and supply chain management is a rapidly evolving field. Digital technology continues to be the key mechanism for change and value creation.
The application of analytics offers opportunities to increase supply chain value, and in today’s world, few applications of analytics carry the weight placed on reverse logistics analytics. The rate of returns and demands for reverse logistics continue to skyrocket, and with companies facing grave uncertainty already, disruptions within reverse logistics will only lead to added.read More.
“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.
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 Manhattan Associates’ blog discusses the changing landscape of the grocery industry, with COVID-19 serving as a catalyst. 2020.
Whilst the COVID-19 pandemic spreads across the world, it is vital for organisations to ensure a reliable supply of products and services. Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. This challenge has contributed to the slowdown or cessation of production in some sectors (e.g. fashion, automotive, spare parts, airlines).
The modern supply chain is built on the premise of applied data and strategic performance measurement. As reported by Trimble, a well-thought-out strategy for tracking performance through reverse logistics KPIs allows organizations to reduce administrative costs, shorten cycle times, reduce TCO, increase customer service, and derive more value from returns management.
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
When was the last time you tried driving somewhere new without using a navigation app on your smartphone or car? My daughter’s smartphone gave up its ghost on Tuesday, so the next day she had to rely on printed directions to get from the house where the girls she babysits live to a nearby pool. Read more Above the Fold: Supply Chain Logistics News (July 24, 2020).
Have you ever missed a relevant call for papers (CfP) from one of your favorite SCM journals? It can indeed be quite tedious to regularly track all the different CfPs that are out there. Sunny Hasija from The Ohio State University has now provided a solution for us. His webpage specialtopicforums.com is generated nightly by scraping the websites of some of the leading SCM journals and other related journals for any CfPs.
The answer is when he is a manager. Let me expand on that statement. “Manager” and “leader” are sometimes used interchangeably in the corporate world, but they are not the same. As an ex-corporate manager of thirty years and leadership Coach for the last sixteen, I have studied, taught and coached leadership. I have coached senior managers across all industries from pharmaceuticals to aviation to mining and many more, as well as the Singapore civil service.
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.
Two of the most obvious changes in consumer behavior during the novel coronavirus pandemic have been a spike in e-commerce and renewed interest in shelf stable food products. Kevin Beasley, CIO at VAI, explains, “As consumers hunker down at home because of COVID-19, their spending on packaged retail food items has surged. … Supply and retail companies continue to deliver, but there’s no doubt the supply chain is feeling the strain.
“The addition of 11 Chinese companies to a U.S. trade blacklist of entities Washington says are linked to human-rights abuses of the Uighur minority group in Xinjiang is entangling major brands and likely to further a reordering of supply chains that feed American consumers,” write Dan Strumpf and Liza Lin in the Wall Street Journal. Read more Forced Labor in Supply Chains: The Problem Persists.
Governments around the world are rightly concerned about the current and after-effects of Covid-19 on their economies and particularly, on small businesses. Small and Medium Enterprises (SME) are the backbone of domestic economies – generally accounting for more than 90% of all businesses, more than 50% of all employment and more than 50% of Gross Domestic Product.
According to a recent International Data Corporation (IDC) Digital Economy Model, by 2023 over 50% of all worldwide nominal gross domestic product will be driven by digitally transformed enterprises. And by 2025 at least 90% of new enterprise apps will have embedded AI capabilities.1 Gartner estimates that by 2021 AI augmentation will generate $US 2.9 trillion in business value and recover 6.2 billion hours of worker productivity.2.
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.
The Hackett Group report recommendations on IT & Procurement collaboration and how it can benefit your organization in the time of Covid-19 and beyond. The coronavirus pandemic continues to impact every area of our lives and our businesses in ways that were unimaginable just a few months ago. Whether you are returning to the office or remote working, we are all continuing to assess how we have coped, how we have changed and what we have learned.
As the virus began to spread out from China, Asia, as a region, provided the first lessons to their global peers on how to mitigate the impact of both supply and demand sides. . All eyes are on Asia again as it stands at the forefront of the next challenge for Supply Chains – to accelerate into recovery and rebound stronger, most likely in different ways.
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