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Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Many large enterprises use one form or another of a supply chain application to help manage their supply chains. Supply chain vendors have been touting their investments in artificial intelligence (AI) for the last several years. In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry.
Because of fourth quarter volume surges, ongoing congestion at ports around the world, and 2021’s (and first quarter 2022’s) limited container availability, demand has outpaced available capacity. Predictably, short-term capacity remains at a premium. This is the second post in a three-part series. Over these three weeks, we’re featuring Chainalytics’ (and some guests’) thoughts on … The post Your 2022 US Ocean Cargo Outlook appeared first on Chainalytics.
Visibility 2.0: Accelerating the Customer Experience with Ron Richardson. Ron Richardson and Joe Lynch discuss Visibility 2.0: accelerating the customer experience. Ron is the Chief Revenue Officer at Turvo Inc. , the world’s first multi-enterprise collaborative platform specifically designed for the global supply chain. About Ron Richardson . Ron Richardson is the Chief Revenue Officer at Turvo , a technology company that empowers shippers, carriers, LSPs, and brokers with a streamlined, connec
In today's rapidly evolving logistics industry, companies consistently strive for efficiency and competitiveness. However, the most significant factor driving business success isn't just technology or infrastructure—it's the people behind your processes. Employees aren't merely resources; they're your most strategic asset. High turnover rates and constant retraining costs severely impact logistics companies, draining productivity and profitability.
1 million refugees have fled Ukraine in one week. A million people, packing what little they can, leaving their home behind,through gunfire and debris, their future and safety uncertain. I’m trying to wrap my mind around it, trying to make some sense of it all, but I come up empty, except for this: we learn. Read more Above the Fold: Supply Chain Logistics News (March 4, 2022).
Logistics strategy as an enabler of new business models. Today, successful companies are those who can make a great idea come true and create an organization to support its implementation. To do this, they must be able to adapt quickly, to rapidly get their offer on the market and to exploit changes in the market. The COVID-19 pandemic separated the wheat from the chaff, where companies who were able to immediately respond to the surprise massive upturn in online growth coming out clearly ahead.
Logistics strategy as an enabler of new business models. Today, successful companies are those who can make a great idea come true and create an organization to support its implementation. To do this, they must be able to adapt quickly, to rapidly get their offer on the market and to exploit changes in the market. The COVID-19 pandemic separated the wheat from the chaff, where companies who were able to immediately respond to the surprise massive upturn in online growth coming out clearly ahead.
In the late 1970s, McDonalds set out to launch Chicken McNuggets. But they ran into a pricing challenge; consumers hate price changes (at least, price increases) and like most commodities, the cost of chicken changes. They drew a blank when looking for a chicken farmer that would commit to a fixed price. No fixed chicken price, no fixed Chicken McNugget price, which meant no McNuggets.
The Mary Kay Supply Chain with Michael Ringsdorf. Michael Ringsdorf and Joe Lynch discuss the Mary Kay supply chain. Michael is the Vice President Transportation & Logistics at Mary Kay , one of the most enduring, successful direct sellers of personal beauty products in the world for more than 55 years. About Michael Ringsdorf. Michael Ringsdorf is the experienced Vice President of Transportation & Logistics with a demonstrated history of working for a global company in the direct sales
Editor’s Note: The following is an excerpt of a research report published recently, “In the Driver’s Seat: Driver Satisfaction Survey Report.” The research, conducted by Adelante SCM and commissioned by RouteSmart Technologies, is based on a survey of 28 leading parcel/package delivery companies, national postal carriers, retailers, and other companies with last-mile and home delivery.
I believe many of us are spending an abundance of time reading about the Russia-Ukraine war. It is certainly worthy of our concerns as individuals. But the topic is also of significance to supply chain practitioners. In fact, supply chains are being impacted directly by the war and by the sanctions being put in place in response. For example, the rapid increase in the price of oil to over $100 a barrel for WTI is sure to result in additional inflation in our current inflationary environment.
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.
What we eat impacts our lives in myriad ways. According to the staff at Phrases.org, a French lawyer by the name of Anthelme Brillat-Savarin, published the first version of the phrase, “You are what you eat.”[1] In a book entitled Physiologie du Gout, ou Meditations de Gastronomie Transcendante , published in 1826, he wrote, “Dis-moi ce que tu manges, je te dirai ce que tu es.” Translated into English, it says, “Tell me what you eat and I will tell you what you are.
Retail is detail. And there is a lot of ‘detail’ for retailers to manage and factor into the business every day. When it comes to external variables, nothing is more consistently and directly impactful on demand than the weather. This is because the weather influences consumer buying behavior everyday – and it never stops changing; no other external variable shifts demand trends as immediately, frequently, and meaningfully.
As we’ve learned over the past two years especially, the business strategies of logistics service providers (LSPs) must be tightly linked with their technology strategies. How does technology, such as digital freight apps, help LSPs achieve their business objectives? What capabilities are most important? How do their employees, carrier partners, and shipper clients benefit from.
The name Lillie Elizabeth McGee Drennan probably doesn’t ring a bell, but as we enter March, which is Women’s History Month , it is a name worth knowing. Lillie Elizabeth McGee Drennan was the first licensed female truck driver and trucking firm owner. As a young woman, she started the Drennan Truck Line with her husband in 1928. While the business grew, she divorced her husband, leaving her as the sole owner of the trucking company.
“What we have here…is a failure to communicate.” One of the most famous quotes in our cultural lexicon is a sobering reminder that effective communication is one of the keys to running a successful supply chain, yet it is often overlooked in importance until it becomes an issue. With evolving customer behaviors and buying patterns, increased competition, and a globally disrupted supply chain , the need for effective communication between businesses and their suppliers has never been
Hello and welcome to the Month in Review for February 2022! There’s a lot more than what’s shown below. Visit the communities to see the exchange of information and ideas between members and DELMIA experts this month. Besides, with eight active communities you’re sure to find at least one to suit your DELMIA interests. We welcome you to connect with us, exchange and share in the DELMIA Communities.
“Nearly every day,” writes tech journalist Madhurjya Chowdhury, “it seems like we come across more and more applications for blockchain technology. More and more sectors are discovering that the blockchain will either push them to another level or will become their greatest threat.”[1] The World Economic Forum (WEF) staff notes, “New technologies carry potential downsides that need to be identified and managed.
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
The supply squeeze on the U.S. economy tightened further in February, indicating no relief for domestic producers and pointing to persistent inflationary pressures.
One of the problems faced by senior leaders seeking performance improvement is that it all seems to take far too long. While structural changes cannot be rushed, there are many initiatives you can take to make changes in your supply chain.
TOP TEN CPO PRIORITIES for 2022: Webinar Recap. In late 2021, The Hackett Group asked Procurement Leaders about their strategic priorities and initiatives for the coming year. After a rollercoaster 2021, how do we pivot and plan for a successful Procurement strategy in 2022? . Vishal Patel, VP of Product Marketing, Ivalua and Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader, The Hackett Group discussed disruptive trends and growth projections across a variety of Procurem
The past couple of years have been — to say the least — interesting for the consumer packaged goods (CPG) sector. As Erik Larson ( @erikdlarson ), Founder and CEO of Cloverpop, observes, “The consumer packaged goods industry is experiencing unprecedented change. CPG leaders were already struggling to navigate a more volatile, uncertain, complex and ambiguous (VUCA) commercial landscape with fewer resources while leading an increasingly transient workforce.
The race to dominate AI is no longer about who has the smartest algorithms — it's about who can build and scale faster. Behind every AI breakthrough lies a battle for resources: data centers, compute hardware, power, and telecom infrastructure. And right now, even tech giants are hitting a wall. Our latest white paper reveals the six critical supply chain elements that are increasingly separating AI leaders from the rest.
For many businesses, the past year exposed the fragility of their cash flow and working capital. The pandemic, coupled with supply chain disruptions and erratic consumer demand, wreaked havoc on companies facing both internal and external pressures.
Logility 21.03 includes new supply network maps and PLM dashboards designed to help businesses optimize processes and accelerate time-to-market. ATLANTA – March 1, 2022 – Logility, Inc., a leader in supply chain innovation powering the sustainable and resilient enterprise, today announced upgrades to its software designed to elevate planning capabilities across the product lifecycle, from concept to delivery.
Cloud computing is no longer a novel concept. According to tech journalist Antonio Regalado ( @antonioregalado ), “The term [‘cloud computing’ dates back] to late 1996, and to an office park outside Houston. At the time, Netscape’s Web browser was the technology to be excited about and the Yankees were playing Atlanta in the World Series.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
By Amanda Nelson (pictured). Professional Content Writer. The post 4 Tips For Automating Your Machine Learning Workflow appeared first on IT Supply Chain.
To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. Procurement in a post-pandemic world will need to take on a greater range of responsibilities with the assistance of technology.
I have been talking to a number of FMCG Regional and Market Leaders in the past few months about the supply chain challenges that they face in African and Middle Eastern Markets. Most understand the benefits of a Sales and Operational Planning (S&OP) process. Many have already implemented S&OP with varying degrees of success.
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