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As supply chains scramble to keep up with the 32% net increase in the sale of products (physical goods), teams are reacting. Demand is outstripping supply: inefficiencies abound. Business leaders are simultaneously facing inflation and shortages. Labor, once assumed as available and a cost to be managed, is now an Achilles heel in the supply chain. As I read business periodicals and watch network news, the supply chain is headline news.
The Sonoran Desert where I live may seem like a hostile environment, with as little as 3-15 inches (7-38 cm) of annual rain and scorching sun that can reach 118 F (47 C). Yet plants, animals, and Native peoples thrive in this environment with resourcefulness and adaptability. The future of supply chain I foresee brings new risks and challenges, along with recognition that doing things the same way will no longer lead to the same success.
RF Guns Generate Massive Amounts of Data. Supply chain managers need real-time data to effectively manage operations. While supply chain software companies offer solutions that come with analytic solutions, the data used for the analytics is usually archived data. Archived data is not real-time. There is a new technology that can provide real-time visibility.
Discover how the right cloud-based platform can enable end-to-end visibility in your modular production for agile operations and increased customer satisfaction. In the race to meet shifting consumer preferences, success belongs to manufacturers that can quickly reconfigure their operations to capitalize on opportunities. This can be enabled leveraging a modular production system.
–This award recognizes outstanding executives whose accomplishments leverage supply chains for competitive advantage.– We are pleased to announce that our Chief Revenue Officer, Stephanie Richelieu Stagger, has been named among Supply & Demand Chain Executive’s 2021 Women in Supply Chain. “Stephanie is committed to driving customer-centric thinking and execution that delivers 3G customers both the […].
With cookies going away, ad blocking becoming popular, and regulations concerning how personal data can be used on the rise, brands are scrambling for ways to reach their target consumers. Many brands are turning to social media influencers. Fashion journalist Emily Farra ( @emilyfarra ) believes influencers are “the retailers of the 2020s.”[1] This begs the question: Do influencers really influence?
With cookies going away, ad blocking becoming popular, and regulations concerning how personal data can be used on the rise, brands are scrambling for ways to reach their target consumers. Many brands are turning to social media influencers. Fashion journalist Emily Farra ( @emilyfarra ) believes influencers are “the retailers of the 2020s.”[1] This begs the question: Do influencers really influence?
Port and maritime operations are critical to the stability of the global supply chain and the global economy. When terminals cannot move cargo, the costs can escalate quickly. When shipping giant Maersk fell victim to NotPetya malware in 2017, the costs were estimated at between $200 and $300 million. Should we call the Maersk attack an OT-level attack or an IT-level attack?
As the logistics market continues to create supply chain disruption, shippers are looking for consultative support and solutions to help maintain a competitive advantage. Creating trucking efficiency through transportation management optimization is an essential part of supply chain management and network navigation. As reported by Steve Banker of Forbes , “ When a shipper decides it needs to improve its transportation performance, it typically attempts to achieve this by either buying a transp
As supply chains scramble to keep up with the 32% net increase in the sale of products (physical goods), teams are reacting. Demand is outstripping supply: inefficiencies abound. Business leaders are simultaneously facing inflation and shortages. Labor, once assumed as available and a cost to be managed, is now an Achilles heel in the supply chain. As I read business periodicals and watch network news, the supply chain is headline news.
Our focus in this blog series has been to establish forecast accuracy targets. In very general terms, the goal should be to add value to the business through the forecasting process. We have however focused on the forecast value add and using that to create a minimum acceptable forecast accuracy target in the previous blog. Now we will take that a step further and talk of ways of improving that further.
“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.
Hello and Welcome to the Week in Review! This is the weekly blog post for a quick overview of what happened in the DELMIA Communities this past week. However, there is a lot more than what is shown below – visit the communities to see the exchange of information and ideas between members and DELMIA experts. With eight active communities, you are sure to find at least one to suit your DELMIA interests.
The Gran Fondo Hincapie was as advertised: a very challenging but beautiful ride. This was the most difficult ride I have ever done, and the most climbing by far. I completed the route (83 miles, 8,000 feet of climbing) in 6:13. It was chilly in the morning (48F) and we had to wait over an. Read more Above the Fold: Supply Chain Logistics News (October 29, 2021).
Tl;dr José Andrés is most famous for his acclaimed, Michelin star restaurants. However, it’s his humanitarian efforts that can teach us a lot about supply chain management. A Source of Inspiration In the constant chaos that is supply chains these days, it’s often difficult to find good news. You know what I’m talking about: the backlogs at ports, increasing prices, labor shortages, etc.
COVID-19 was nothing short of a Black Swan event for supply chains, causing rippling disruptions that continue to affect global markets. While some of these struggles will play themselves out over time, others are more permanent, signaling a paradigm shift in the way we think about supply chains of the future. It’s forcing a change. Continue reading.
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
The research company identified three main actions that supply chain leaders can take to improve today’s most pressing issues: disruption, climate change and employee fatigue.
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 by Brett Wetzel from Breakthrough’s blog provides an overview of four types of alternative energies for heavy-duty transportation.
You need to know what corporate social responsibility is and understand how to leverage it in order for it to work for you. Like every other entity across the earth, your company has an impact on the society around it. Whether that impact is positive or negative rests on how well the concept of corporate social responsibility is understood by stakeholders and embedded in your corporate culture. .
The Great Logistics Industry Consolidation with Chris Wofford. Chris Wofford and Joe Lynch discuss the great logistics industry consolidation. Chris is the Founder and Managing Partner of Wofford Advisors LLC , a strategic advisory boutique that provides best-in-class strategic advice to clients competing in the global supply chain, which includes all forms of transport, logistics, B2B and B2C movements of goods — and increasingly tech-enabled consumer and industrial services.
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.
In the 22 years that I have been an industry analyst, I have seen a lot of innovation in supply chain technology driven by the Internet, web services, mobile technologies, GPS, cloud computing, and so many other developments. What is the next evolution in supply chain technology? What factors are driving it and why is. Read more [Video] The Next Evolution in Supply Chain Technology.
With the right technology, process manufacturing strategy, planning, and management can be simplified. Key Takeaways: Process manufacturers have unique challenges that require accurate forecasting These challenges can be turned into opportunities by adopting technology that makes process manufacturing planning more accurate Real-time actionable business intelligence is imperative to keep pace with demand without creating inventory surplus With increased globalization and changing politics, keepi
–This award recognizes outstanding executives whose accomplishments leverage supply chains for competitive advantage.– We are pleased to announce that our Chief Revenue Officer, Stephanie Richelieu Stagger, has been named among Supply & Demand Chain Executive’s 2021 Women in Supply Chain. “Stephanie is committed to driving customer-centric thinking and execution that delivers 3G customers both the […].
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.
In the age of e-commerce, the digital path to purchase has a side trail called “Returns.” Journalist Suzanne Kapner reports, “The share of online purchases that are returned averages 30% or higher, depending on the category, three times the rate in physical stores.”[1] As result, writes Chuck Johnston, Chief Strategy Officer of goTRG, “The shift to e-commerce … demands solid returns management processes and a smooth customer experience, while reducing costs and eliminating wast
Supply chains are complex, ever-evolving systems comprising many moving parts. One of the most complex of those parts is global trade management and compliance. Of course, in today’s environment, none of this is getting any easier. What’s changed or different today with trade compliance? Why is conducting a self-audit important? What’s involved with a self-audit.
9 critical tips for increasing supply chain sustainability in the apparel industry. Key Takeaways. Sustainability is good for the environment, workers, and your bottom line. Building sustainability into the apparel supply chain requires working with both first-tier and lower-tier suppliers. Businesses should get to know lower-tier suppliers rather than relying on the cascade effect to keep them in line.
–This award recognizes outstanding executives whose accomplishments leverage supply chains for competitive advantage.– We are pleased to announce that our Chief Revenue Officer, Stephanie Richelieu Stagger, has been named among Supply & Demand Chain Executive’s 2021 Women in Supply Chain. “Stephanie is committed to driving customer-centric thinking and execution that delivers 3G customers both the […].
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
The payment process required for international trade is complex, expensive and high risk for both suppliers and buyers. The partnership with TransferMate removes this friction, creating a transparent, rapid and low-cost solution to paying suppliers anywhere in the world. Redwood City, CA, October 25, 2021 – Ivalua, a global leader in Cloud Spend Management solutions, announces a partnership with TransferMate, the leader in global B2B payments infrastructure as a service.
With shipping logjams slated to continue throughout the next six months, some are predicting what’s being called “a never-ending peak season” for all of 2022, in which there’s less supply than demand.
As we approach the holiday season, the supply chain disruptions that have plagued most of the world for the better part of two years have gone from industry news to front-page news. And everybody has the same question: how are we going to get the supply chain back on track? From what we know and see as a third-party logistics provider, the solutions won’t happen overnight, but they may be far-reaching enough to prevent a crisis like this from happening again in the future.
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