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Supply chain sustainability is increasingly important for companies facing expectations from investors, regulators, customers, and employees. Suppliers that meet higher sustainability standards may charge more, putting tension between cost optimization and sustainability goals. Cost pressures can complicate ESG efforts.
Sustainability is high on the list of favorite corporate buzzwords. However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics.
AI in supply chain automation is gradually reshaping how core functions operate, particularly in procurement, warehousing, and logistics. Key Insight: The use of AI in supply chain automation is producing tangible benefits across procurement, warehousing, and logistics.
Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.
The initiative aims to ensure full-chain traceability for all seafood and aquaculture feed ingredients, aligning with regulatory measures and sustainability goals. Song of the week: The post Supply Chain & Logistics News Round-Up (December 30th 2024- January 2nd 2025) appeared first on Logistics Viewpoints.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
As the industry expands, there is an increasing need to implement sustainable practices throughout the supply chain to reduce environmental and social impacts while ensuring long-term viability. Direct Procurement : Milk is collected directly from farmers at the village level. through net-enabled kiosks in the villages.
Geopolitical instability, extreme weather, labor shortages, and fluctuating consumer demand regularly impact global logistics. They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Amazon is a leader in AI-driven supply chain management.
Nancy Mahon, the Chief Sustainability Officer of Estee Lauder, spoke and shared her experiences from the past year, noting that of calls with investors touched upon supply chain-related topics. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.
Procurement became a logical place for leading healthcare systems to focus. As vice president of supply chain and procurement, Mr. Wengert was brought in to drive change. Hospital chains’ approach to procurement lagged far behind the practices employed by manufacturers, retailers, and distributors. “We The post At St.
Charting the Course to Sustainable Transportation: Our Journey to a Greener Future Introduction At LogiSYM Platinum in October, 2023, t he LSCMS Shippers Council recently hosted a round table event, bringing together key players in the logistics and supply chain management sectors to discuss the pivotal theme of sustainable transportation.
Home Introducing Freightos Enterprise: End-to-End Procurement, Benchmarking, and Management Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing. This means involving procurement in the highest levels of strategic planning and decision-making.
AI, automation, and sustainability initiatives are central to this transformation. AI-driven analytics, machine learning, and robotics are improving procurement, inventory management, logistics, and supplier negotiations. Sustainability tracking systems are also ensuring compliance with evolving ESG regulations.
Supply chain sustainability can mean a lot of things to a lot of people. As I have written about before, supply chain sustainability , or the notion of going green, is a hot topic as companies and countries look at their overall carbon footprint and look for ways to be more environmentally friendly. UN Sustainable Development Goals.
Procurement and supply chain management are often used interchangeably—but in practice, the lines between them can blur in ways that create real friction. Misaligned priorities, siloed systems, and unclear ownership can directly impact key performance indicators like cost savings percentage and procurement cycle time.
Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.
Supply chain sustainability is a higher priority than ever. In MIT’s State of Supply Chain Sustainability 2021 , 80% of executives surveyed said the pandemic either had no impact on their commitment or increased it. From many different angles, supply chain sustainability matters, so how do we get there and what is the role of planning?
In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.
Home Meet Freightos Procure: The Next Evolution of SHIPSTA Freightos Procure rebrands SHIPSTA, enhancing procurement with market intelligence and seamless booking within the Freightos Enterprise suite, empowering shippers to manage the entire freight lifecycle efficiently. Were raising the bar.
Driving Sustainable Supply Chain Change. By 2025, to improve long-term supply chain profitability, 60% of manufacturers in global supply chains will invest in software tools to support sustainability and circular economy business models.”. Figure 1 – Where are manufacturers investing to support sustainability?
And now on to this week’s logistics news. General Motors drives sustainability across supply chain FMCSA approves 25% fee increase for carriers, brokers U.S. General Motors drives sustainability across supply chain FMCSA approves 25% fee increase for carriers, brokers U.S. That’s all for this week.
Based in Chicago, his expertise covers a wide range of operations topics, with an emphasis on end-to-end supply chains and their redesign for four critical purposes, growth, cost, resilience, and sustainability.
FreightPath is renowned for its innovative cloud-based learning management system and candidate recruitment solutions tailored for the logistics industry. John’s vision for continuous service improvement and his prior experience with global recruitment firm Search Logistics drive FreightPath’s success.
As a Principal FMCG Supplier, mastering this balance is essential; not just for growth, but for long-term sustainability. Ensure margins are fair and sustainable. Get these fundamentals right, and you’ll unlock scalable, sustainable growth. Prioritize high-velocity products and rationalize the portfolio regularly.
The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supply chain and procurement operations. Of the professionals surveyed, 59% saw the gap between procurement/sourcing and supply chain to be a major disconnect, and the most pressing pain point.
Sustainability is definitely coming of age in Asia. However, there is now a growing appreciation that going green correlates with increased profit as demand for products with sustainable credentials grow and Asian companies get set to move up the value chain. As driving greater sustainability is a key factor in reducing risk.
The Logistics of Customer Experience with Scott Perry. Scott Perry and Joe Lynch discuss the logistics of customer experience. Scott is the President of the Suddath Companies , Suddath has been a trusted name in moving and logistics for over a century. Key Takeaways: The Logistics of Customer Experience. About Suddath.
The discipline has done a good job of driving collaboration between sales and marketing and manufacturing, procurement, and logistics. Because procurement is a major theme of the conference, I could not help but talk to the top executives of this business unit about the new Elon Musk biography.
Stricter forced labor regulations, ongoing trade disputes, and the emission reporting mandates of the EUs Corporate Sustainability Reporting Directive (CSRD) will create immense pressure on companies. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.
LSCMS Shippers Council: Logistics Excellence Through Collaboration The LSCMS Shippers’ Council is made up of Logisticians from large and well known and enterprises, as well as thought leaders from industry and academia. we closed the evening with taking group picture with proper social distancing at Clark Quay, Singapore.
This added responsibility for companies will have lasting effects on business operations, corporate partnerships, supply chain logistics, compliance requirements, and data integrity. To provide a complete picture of sustainability reporting, data from a large variety of disparate systems must be consolidated into a single environment.
That frees up the logistics team to go work on even more difficult problems. It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. It might highlight logistics jams, manufacturing capacity, quality issues, or procurement cost trends. This is fascinating!
Today’s article is the fifth part in a series featuring surveys from APQC on supply chain topics including ESG in supply chain , environmental sustainability , last mile , digital transformation. Compared to RPA implementation in other areas, organizations are more likely to have implemented RPA in Logistics and Warehousing (24 percent).
And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.
Driving Sustainable Growth Through Supply Chain Resilience. The question is, how do we navigate our way out of this never-ending chaos to continue driving sustainable growth? Driving Sustainable Supply Chain Change. Driving Sustainable Growth Through Supply Chain Resilience. HOW DID WE GET HERE? MORE FROM THIS EDITION.
Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supply chain topics. Chris is a Senior Research Scientist at MIT and serves as the Executive Director of the MIT Center for Transportation & Logistics (CTL). He received a Ph.D.
Decoding the Procurement Department: A Comprehensive Guide to Roles and Responsibilities This supply chain article provides a comprehensive overview of the procurement department within an organization. Read In Detail About Procurement Department Here 2.
Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.
But now, it’s being activated through AI agents designed to automate sourcing, manage risk in real time, and reduce the friction thats long plagued procurement and finance functions. The post Coupa Inspire 2025 Keynote: Welcome to the Age of Autonomous Trade appeared first on Logistics Viewpoints. One standout moment?
If you’re evaluating procurement technology or exploring ways to drive more value from existing systems, chances are you’re looking beyond tactical fixes – you want a smarter, scalable strategy. Misaligned priorities across finance, legal, and procurement create friction that delays decision-making and reduces impact.
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.
FDAs Drug Supply Chain Security Act (DSCSA) and global standards like ISO 20400 for sustainableprocurement are driving companies to adopt blockchain for improved compliance and accountability. The post Unmasking the Supply Chain: How Blockchain Brings Transparency and Trust appeared first on Logistics Viewpoints.
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