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What Caused the Baby Formula Shortage + 7 Ways Consumers and Companies are Coping

ToolsGroup

Data also shows that half of US states are experiencing out-of-stock rates between 40% and 50%: Image source: Flipboard. This made it incredibly difficult for manufacturers to accurately gauge the market size for production. Image source: Sturgis Journal. A Limited Number of Formula Manufacturers. Image source: MTL Blog.

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What is the Hyperconnected Era & “The Internet Of Things” and What does it Have to Do with Manufacturing & Logistics?

GlobalTranz

Editor’s Note: This is our second post in a collaborative blog post series about mobility in manufacturing & logistics along with Catavolt, who helps manufacturing organizations drive operational excellence with mobile apps. The sheer enormity of digital information that now connects us is mind-blowing.

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Reshaping Product Lifecycle Innovation: An Inside Look at PTC LiveWorx 2023

Arena Solutions

Since 2015, PTC has hosted LiveWorx , a global forum that brings together manufacturing executives, engineers, product designers, quality leaders, supply chain partners, and other like-minded individuals who are focused on harnessing disruptive technologies to manage uncertainty and transform their business.

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E-commerce and the Digital Path to Purchase

Enterra Insights

Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance. ”[2].

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What is Bullwhip Effect? Supply Chain Management Explained

ThroughPut

The Bullwhip Effect is a phenomenon where slight fluctuations in demand at the retail level cause progressively larger fluctuations in demand at the wholesale, distributor, and manufacturer levels. Increased Costs The erratic demand patterns caused by the Bullwhip Effect can increase production and purchasing costs.

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Blockchain, Beer Game, and the Bullwhip Effect

Enterra Insights

If you don’t have time to watch the video, Stank and his colleagues describe the effect this way: “ The bullwhip effect is a business phenomenon first described in the early 1960s by Jay Forrester at the Massachusetts Institute of Technology and more recently explored by researchers at Stanford University. ”[4].

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Trends 2022: Food and Beverage

Enterra Insights

The International Food Information Council (IFIC) staff writes, “As the world begins year three of the COVID-19 pandemic, we find ourselves in a decade that proves the adage, ‘The only constant is change.’ In 2020, 57% of American households purchased plant-based foods.” ” Bon appétit. Footnotes. [1]

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