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Transparency and Overcapacity. Where Freight is Going in 2017. By Zvi Schreiber, CEO of Freightos. What happened in 2016. For decades, international freight’s mantra was a simple bigger is better. Strong economic growth obfuscated the underlying truth that something wasn’t working right. Last year, that something became increasingly clear. Sluggish global trade, reduced import volumes and record overcapacity showed that the global freight industry is in dire need of change. “the global fre
by Alexa Cheater The growing role of AI in supply chain management. Rapidly evolving technology and a digitally focused world have opened the door for a new wave of automation to enter the workforce. Robots already stand side-by-side with their human counterparts on many manufacturing floors, adding efficiency, capacity (robots don’t need to sleep!) and dependability.
Technology advancements were among the most exciting topics to watch through 2016. Newer technologies have created entirely new methodologies for improving manufacturing, and the outlook is brighter than ever. Like any modern business, you can learn great things by looking back at what did and did not come to fruition. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up.
New technologies abound. The rate of change is exciting. Innovation opportunities are limitless. I see companies make the same mistake over and over. What is it? Using new technologies to automate yesterday’s processes. Many companies try to make their current processes more efficient versus rethinking the possible. The challenge? Ideate on the options.
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.
Last week we described how attitudes towards improving supply chain planning productivity are changing. Large enterprises ask, “What’s wrong with my process that I need armies of planners?” Growing mid-market companies ask, “Why do I need to keep adding so much overhead?” And firms are asking, “ Is all this non-value added effort preventing us from reaching higher levels of planning maturity?
by Palvashah Durrani In our digitally connected world – information is easy to access, available on demand, and of varying levels of quality and veracity. While being connected means it might be difficult to escape the latest zeitgeist, it also means that you are aware of your current context and fragments of the world around it. And, if you want to step out of what you passively receive – you can actively chase down countless threads of inquiry to learn more.
by Palvashah Durrani In our digitally connected world – information is easy to access, available on demand, and of varying levels of quality and veracity. While being connected means it might be difficult to escape the latest zeitgeist, it also means that you are aware of your current context and fragments of the world around it. And, if you want to step out of what you passively receive – you can actively chase down countless threads of inquiry to learn more.
The role of IT has changed rapidly in recent years, from being simply a tool to process data and information to becoming a key enabler of process innovations. In the logistics realm, IT is playing a critical role in helping companies to address a wide variety of challenges, like the growing complexity of processes, fast-changing market structures, increasing cost pressures, and shorter delivery lead times.
Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. In addition, the role of these technologies is becoming more than a means of guaranteeing profits; they are enabling more small businesses to compete with larger, big box retailers, which drives prices down for end users.
This is the first of a series of five posts that investigates common myths and mistruths I have heard over the last 20+ years regarding Sales & Operations Planning (S&OP). Hopefully, by exploring these myths we can generate a greater understanding of what S&OP is and what it is not. Myth: S&OP is Simply a Monthly Review of Historical Data.” Many companies spend so much time correcting, manipulating, collating, and building views of historical data that they run out of time
by Teresa Chiykowski This is the second blog post in our three-part series discussing ways to improve supply chain collaboration. In my first blog post in this series, I touched upon one of the biggest challenges companies operating global supply chains face today. I’m talking about the disconnect between the data , processes and people in the supply chain and how it inhibits collaboration and the ability to make the best decisions quickly.
I’m running short on time, so let’s go straight to the supply chain and logistics news that caught my attention this week: Amazon patented a highway network that controls self-driving cars and trucks (Recode). Trucking Freight Brokers to Merge Under Private-Equity Deal (WSJ – sub. req’d). China’s Cosco in Talks to Buy Orient Overseas (WSJ – sub. req’d).
What makes or breaks a new technology in manufacturing? The answer lies in how employees respond to the technology, how it benefits overall production value and if it can be leveraged directly to protect the business and consumers simultaneously. Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that.
It’s an omni-channel world out there. Mobile and e-commerce customers expect to receive the same experience and service regardless of where or how they shop. Of course, customers do differ from store to store, and online desktop shoppers can be different from mobile app shoppers. Many customers regularly cross channels between in-store, online and catalogues.
2016 saw the rise of big data as a key tool in the quest for efficiency, internet of things (IoT) technologies being used in vehicles to improve fleet management, and a reshaping of supply chains to meet demand for same-day and same-hour deliveries.
“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 new “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. Today’s post is by Alan Dunkerley, VP Product Management, Logistics Flow Control at Descartes, where he outlines the steps required to develop a plan and realize cost savings for inbound shipments.
Supply Chain Management is complex and truly mastered by few. Building the organizational capability which orchestrates a multitude of activities that manage inventory, cost, and service is a challenging goal – one that requires strong alignment between Strategy & Governance, Operational Excellence, as well as the organization’s people, processes and systems.
Disappointing consumer spending meant lower than hoped-for performances for many supply chain businesses in 2016. But a healthy end to the year, which saw an increase in interest rates (for just the second time in the last ten years) and a rising consumer price index as well as some exciting new technologies, meant the year ended on a high – with many looking forward to 2017.
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
One hundred percent of businesses are concerned about the possibility of a disruption in their supply chain; yet, 40% of … Continued. The post Risk Management: A Business Priority Begging for Cognitive Computing appeared first on Enterra Solutions.
The Journey to a Customer-Driven Supply Chain. alyssa. Friday 20 January 2017. Patrick Lemoine, Vice President, Product Marketing, E2open. A Challenging Planning Environment. For consumers, the world of electronics is full of exciting new gadgets. For the companies involved in designing, manufacturing, and bringing these products to market, it is a very challenging environment.
Due to popular demand, we’re back this year with our second edition of Supply Chain Hot Topics. Yes, last year’s Supply Chain Hot Topics was among the most read and appreciated postings we published. Although we’re quite proud of the feedback, we’ll start by repeating that we’re approaching this topic again with great humility. Supply chain topics cover such a large spectrum that we will continue to provide you our perspective - viewed from the niche market of yard management and dock scheduling
Are you using lean in your logistics and transportation management? “The most dangerous kind of waste is the waste we do not recognize” ~ Shigeo Shingo. Lean is a new way of doing business. The transportation company’s culture and behavior should change to apply Lean thinking. Lean thinking focuses on the elimination of all waste to bring value to the customer, beyond the customer’s expectations (where waste is defined as any non-value added process).
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.
“The digital transformation is no longer just a buzzword.” This was a well-fitting conclusion from Prof. Dr. Raimund Klinker at last year’s international logistics congress in Berlin.
The global logistics industry was dealt a year full of surprises in 2016, and with that came challenges. For most ocean carriers, the first three quarters were extremely challenging financially. While these financial pressures have been ongoing since 2009 due to several factors, overcapacity was certainly one of the most prevalent. Ocean carriers continue to see their average operating margin dip below zero as rates fell to their lowest levels since 2009.
By Patrick Boyle | Principal, Supply Chain Operations Competency | Chainalytics Supply chain executives’ jobs can be daunting. This is especially true if they manage dynamic, complex, integrated supply chains that require a holistic view–from the supplier’s supplier to the customer’s customer–and span activities across planning, sourcing, manufacturing, delivery and packaging.
This past year, Supply Chain Link shared insight to news and popular topics throughout the logistics and supply chain industry. From regulations like Safety of Life at Sea (SOLAS) and the Food Safety Modernization Act (FSMA) to topics like urbanization and network strategy, Supply Chain Link shared insights into the state of the supply chain. Read More.
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 digital transformation is no longer just a buzzword.” This was a well-fitting conclusion from Prof. Dr. Raimund Klinker at last year’s international logistics congress in Berlin.
Executive-level supply chain positions have gained both prominence and importance for today’s global companies, and to support this trend, universities, colleges, professional organizations, and training firms have enhanced their supply chain and logistics programs to help executives stay current on supply chain trends.
Consumers want authentic products and want to trust in what they are buying. They have no interest in bringing a product into their home that has been born of any kind of forced labor. read more.
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