article thumbnail

Digital and the Supply Chain—How Far Have We Come?

The Logistics & Supply Chain Management Society

“Two years of digital transformation in two months,” was the comment that one retailer made when discussing how COVID-19 had accelerated their digitalisation journey. The impact was across manufacturing plants, transport networks, warehouses, and retail outlets. Source: IDC 2021—Digital Analysis: Manufacturing.

article thumbnail

The VF Corporation Invested in Supply Chain Agility Before COVID Made “Agility” the New Buzzword

Logistics Viewpoints

Mr. Bailey has worked most of his career at VF – as an industrial engineer in facilities, in strategic sourcing, running offshore operations, and now as the person in charge of the company’s entire supply chain. VFC’s supply chain sourced over 410 million units of apparel, footwear, and accessories in their last fiscal year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

IOT for Supply Chain Tracking

The Logistics & Supply Chain Management Society

Manufacturers today face lots of challenges driven by changing customer expectations. This is driving manufacturing sector to create more agile supply chains. These in tunr lead to additional strain on manufacturers to track and manage thousands of different product types. Background. Minimize losses and reduce insurance claims.

article thumbnail

Prepare for Anything: Supply Chain and Ecosystem Predictions for 2022 and beyond….

The Logistics & Supply Chain Management Society

By the end of 2022, half of all manufacturing supply chains will see the benefits of supply chain resiliency, resulting in a 10% reduction in disruption impact. Source: 2021 FUTURE ENTERPRISE RESILIENCY & SPENDING- Wave 9, September 2021. The COVID-19 pandemic has been global, with no country or organization immune from its impact.

article thumbnail

ToolsGroup Supports Accelerated Growth With Addition of New Executives

ToolsGroup

BOSTON — August 4, 2022 — ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, announces it has appointed Jon Purdy as Chief Financial Officer and Joseph Luciano as Chief People Officer. ToolsGroup welcomes Jon Purdy as Chief Financial Officer and Joseph Luciano as Chief People Officer. .

article thumbnail

Now Is the Right Time for Supply Chains To Do the Right Things

The Logistics & Supply Chain Management Society

China fully shutdown its manufacturing output during this phase affecting consumers globally. Manufacturing Planning. Visibility into Tier I, II and III suppliers, de-risk by developing alternates, build practical BCPs (business continuity plans) and China + 1 sourcing strategy. Recovery Imperatives: Phase II.

article thumbnail

How Machine Learning Optimizes the Supply Chain

TransAudit

It advances digitization efforts, facilitates data cleaning, and streamlines supply chain planning, procurement, and execution. It also allows price analysis against supply chain costs and retail profit margins to find the optimal pricing and customer demand balance. Europe, China, and Singapore.