Remove Israel Remove Procurement Remove Sourcing
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Making Logistics Data Actionable: Insights from Freightos and Gryn

Freightos

Below, we dive into their key takeaways and explore five practical ways to make your logistics data actionable, with insights grounded in industry trends and high-authority sources. university, presented at an FNL freight forwarder event, which found that 80% of the data collected in procurement events goes unused.

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Freight Market Snapshot: Houthi Attacks in Red Sea and Suez Canal News Updates

Freightos

18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen. By mid-December the Houthis expanded their threat to include all Israel-bound – not just Israeli-owned – vessels, and attacked a tanker it claimed was bound for Israel on Tuesday.

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Maersk Suspends Service at Haifa

Supply Chain Brain

Haifa port, which was privatized in 2022, is owned 70% by Indias Adani Ports while the remaining 30% is held by Israels Gadot Group. According to the New York Times, Iran sent a barrage of missiles into Israel on June 20 that struck in several places, including Haifa, where two people were severely injured.

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Report From DPW: What’s Next for AI in Supply Chain?

Supply Chain Brain

Koganti urged the procurement audience to look for whats referred to as “foresight function” in planning tools, which is capable of enhancing data analysis, scenario generation and trend identification , allowing for more informed and proactive decision-making, albeit with human oversight.

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Net-Zero Commitments Are Reshaping Carbon Tracking in CPG Supply Chains

Supply Chain Brain

Tesco and Walmart have announced procurement policies aimed at reducing carbon emissions and promoting sustainability throughout their extended supply chains. AI can integrate with procurement platforms, utility meters, logistics trackers and internet of things sensors to gather real-time data. Retailers are following suit.

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This Week in Logistics News (April 2 – 8)

Logistics Viewpoints

Chipotle Mexican Grill says its goal to source and sell chicken that’s certified as humanely raised has been delayed because its suppliers weren’t able to make the necessary changes without disrupting supply. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.

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Keep These 6 Geopolitical Supply Chain Risks on Your Radar in 2024

Resilinc

In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. With the ongoing war between Russia and Ukraine, the Israel-Hamas War, and the crisis in the Red Sea, the shockwaves these conflicts sent throughout their nations and the world have been felt everywhere—especially in the supply chain.

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