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How to Manage Supply Chains as a Manufacturer with Automation and AI

Locus Robotics

By Geoff Whiting, Senior Writer, Red Stag Fulfillment Applying automation and artificial intelligence (AI) to supply chain management is an excellent way for manufacturers to increase the accuracy, speed, and efficiency of operations. In some settings, IoT devices can detect defects and notify staff of quality control issues.

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Realties of Declining Global Trade and Transport Rates More Evident

Supply Chain Matters

As we noted in our specific 2023 prediction focused on the global transportation industry sector , entering 2023, industry perspectives were on the ability to be able to maintain higher rates by basis of multi-year signed contracts executed at the height of shipping rates. Earlier this month, the forecast was revised to an expected 2.5

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Advanced Analytics for Supply Chain: 10 use cases

DynaSys

Forecasting and planning. Advanced Analytics let you share complex data and collaborate with critical stakeholders to improve forecast accuracy, better respond to consumer demand, reduce inventory, improve production, and grow profits. Transportation and Logistics. Sourcing and supplier performance. Production Insight.

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Supply Chain Matters News Capsule Follow-Up- August 17 2022

Supply Chain Matters

Foxconn and Asia Market Forecasters Provide Muted Outlook on High Tech Product Demand. Labor Tensions on Rise Across Global Transportation Networks. Added Manufacturing Disruption in China. The aircraft manufacturer also made a prior decision to centralize final assembly of 787 at its South Carolina facility.

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Report That Global Ocean Container Rates on the Decline

Supply Chain Matters

According to this report, citing industry research firm B raemar , global ocean container fleet size is forecasted to grow 9 percent in 2023 and 2024 , while container volume growth will moderate in 2023 and rise slightly in 2024. This will be good news in stemming supply chain driven inflation trending. Added Perspectives.

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What Should Supply Chain Management Teams Anticipate in 2023 and Beyond- Part One

Supply Chain Matters

The year featured continual component shortfalls, explosive inbound materials cost increases and continuous global transportation disruptions. As depicted in our mid-year assessments , the global economic outlook significantly changed during this year with the IMF and the World Bank trimming their forecasts for 2022 growth.

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U.S. West Coast Labor Talks Begin This Week- Can a Timely Agreement Occur?

Supply Chain Matters

After a tumultuous two years of pandemic-driven supply and global transportation disruptions, the stakes are obviously high that both parties can reach a timely resolution to this period of contract renewal. As The Wall Street Journal noted in its reporting: “ The risks have seldom been as high as they are this year.”.