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Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supply chain and logistics professionals today. The best way to beat out the competition is to run a tighter ship, which means gaining complete control and visibility over your supply chain.
Supply chain was defined in 1982 as interoperability between source, make and deliver. Commercial teams operate in a ship-to environment, but the supply chain teams operate in a transactional world based on a ship from model. Visibility of the translation layer of ship to converted to ship from is not existent.
This move aligns with LGs strategy to expand its presence in the robotics sector, particularly in industrial automation, where its Production Engineering Research Institute is driving growth through AI and digital transformation.
Autonomous supply chains can also help businesses by enabling new business models, such as direct-to-consumer, subscription-based, and circular, and creating new sources of revenue and competitive advantage. Autonomous Shipping Autonomous shipping is the use of self-driving vessels to transport goods and passengers across waterways.
This move aligns with LGs strategy to expand its presence in the robotics sector, particularly in industrial automation, where its Production Engineering Research Institute is driving growth through AI and digital transformation.
Table of Contents ** Minutes What is product sourcing? Where can I source products from? This makes it essential that buyers understand where they are sourcing their products from and how that ultimately affects their brand. What is product sourcing? Where can I source products from?
China’s ports are likely still working through some of the backlog of ready to ship goods created during the April-May lull in China-US demand. Judah Levine Head of Research, Freightos Group Judah is an experienced market research manager, using data-driven analytics to deliver market-based insights.
Today, more than 1% of the world’s container ships are stuck off major ports. Warehouses are full–often with the wrong stuff resulting in the slowing of the forty million shipping containers around the world. In 2004, I joined AMR Research, a Boston Analyst firm. Supply chain shortages abound. from attendees.
Namely, how does machine learning help with predicting shipping transit times? Prediction of shipping transit times sounds simple but is actually extremely complex. Oracle’s research has demonstrated that the machine learning based predictions can reduce prediction errors by upwards of 65 percent.
Suez Canal News Update The Suez Canal is a crucial lane for global shipping, with 50-60 vessels of all types transiting each day for about 19,000 per year, including about 30% of global container traffic and more than a million barrels of crude oil per day. What to expect from shipping in the Suez Canal & Red Sea?
The following Supply Chain Matters multi-part guest commentary is authored by Michael Lamoureux who provides over 18 years of experience and observations and experience in procurement sourcing technology applications. Michael is the Editor-in-Chief of the Sourcing Innovation blog. We’ll explore each of these. Why is this?
The sales team can go have those conversations, with real-time lead times and even the factory the product will ship from, with customers. Lenovo has a huge research team. This has been a real game changer for sales. It’s really reduced a lot of sales friction. But it’s not just a visibility platform.
The Red Sea crisis demonstrated how quickly shipping routes can be compromised, forcing immediate rerouting decisions. When a single tweet can change tariffs on global trading partners, or when conflict in the Middle East impacts shipping lanes, logistics teams need comprehensive visibility and control, not in weeks or days, but in hours.
These are questions ARC Advisory Group will seek to answer in our online survey research of supply chain executives over the next few months. Source: J.P. But cross-border trade is an important part of the global economy and much of this trade is in physical goods that must be stored, shipped, transported, and eventually consumed.
Marisa Brown, Senior Principal Research Lead, Supply Chain Management at APQC (American Productivity & Quality Center) recently gave a presentation at ARC Advisory Group’s Supply Chain Forum. Because of the pandemic, risk management surrounding sourcing has become top of mind in supply chain organizations. In her presentation, Ms.
Source: IDC FutureScape: Worldwide Supply Chain 2022 Predictions — APEJ Implications. Tender documents and responsible source guidance are requiring suppliers to show evidence of their actions to support ESG initiatives, as well as the actions of their suppliers. Companies, both large and small, are changing. MORE FROM THIS EDITION.
Here I share some insights from my research. Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality. I am currently doing research on inventory management.
Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.
McKinsey, the global consulting firm, has done research and writing on supply chain collaboration. The larger the number of industry participants on a network, the better the solution is at sourcing and onboarding. The LevaData solution, for example, speeds up sourcing significantly. Networks Have Fistinct Advantages.
Walmart announced that it will pilot agriculture technology with crop supply intelligence company Agritaskto get real-time information on crops and improve sourcing decisions around produce. The USDA has estimated that 30 percent of food loss occurs during agricultural production and harvest.
2021 came with a new set of challenges as global and local supply chains were hit by raw materials shortages, accompanied by longer lead times and higher shipping costs, lack of labor, and the pent-up demand actualizing as record-breaking sales. It provides a single source of truth with visibility and analytics based on the same data.
I want to say a special thank you to Steve Banker and Conrad Hanf who I have worked closely with for the last 10+ years on Logistics Viewpoints as well as countless research projects, surveys, and events. Postal Service’s expedited package shipping services have seen a steep drop in demand, according to quarterly results released Thursday.
In research study after study, we see that the greatest challenge to achieving supply chain excellence is the understanding of the supply chain by the leadership team. It combines decisions across sell, deliver, make and source processes to drive value based outcomes. This includes optimization and discrete event simulation.
Nucleus Research recently published its TMS Technology Value Matrix 2024 , which provides an overview of the current market for Transportation Management Systems (TMS), while also assessing the software providers in this space. It has cascading effects for many other parts of the business.
APQC conducts research on supply chain and logistics to help organizations assess the performance of their own processes and functions compared to their peers. Most recently, the APQC has conducted best practice and benchmarking research on environmental sustainability. Per our survey, 64.2
Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.
Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. Here are some highlights from these trends in 2023 and implications on supply chain planning. In 2022 overall, U.S.
e-commerce customers’ love for free shipping. ‘de minimis’ rule, which exempts imports under $800 from customs and makes brokerage fees minimal, they have shipped massive volumes via air cargo. Source: Freightos Air Index The Commercial and Ethical Impact Beyond the underlying costs, U.S. Utilizing the U.S.
Similarly, UPS has strong commitments to sustainability and invests in many options, such as alternative fuel vehicles, e-cycles in dense cities, and carbon offsets for purchase with shipping. We must plan, source, make, and deliver differently for supply chain sustainability. But what about the role of planning?
Carton and Packing Optimization Carton optimization is a critical aspect of warehouse management, as it directly impacts shipping costs, storage space, and overall efficiency. You may be giving up some carton space efficiency for the benefits of stacking, storing, and shipping efficiencies. With 90% of items shipped in the U.S.
” My response, “Sorry Ryan, the research does not support that increased digitalization brought unprecedented levels of connectivity. The research supports that we have not improved supply chain visibility, and we are going backwards in delivering results through supply chain planning.” I am researcher.
A rise in nearshoring and away from single-source dependency The pandemic was a wake-up call that exposed the fragility of globally interconnected supply chains and the risks of over-reliance on distant suppliers and single-source strategies. 3 long term changes to the supply chain 1.
This key supplier had been identified and sure enough, you have a second source primed and ready to go. We have a problem.” The alternate source uses the same supplier in Taiwan. . Adding to this challenge is the reluctance of suppliers to share their sources with their customers for competitive reasons.
To strengthen resiliency, companies invested in AI and machine learning, made strides to reduce dependency on single sourcing, and prioritized nearshoring and reshoring efforts. Houthi rebel attacks forced ships to reroute, disrupting an estimated $6 billion in weekly trade flows and increasing supply chain lead times by 35%.
Retailers turning to specific-day delivery over speediest shipping. The impact of the COVID-19 pandemic followed by supply chain disruptions around the world has sparked a resurgence of companies bringing sourcing and manufacturing back to the United States or closer to U.S.
The Ferrari Consulting and Research Group through its affiliated Supply Chain Matters blog provides both perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global Supply Chains. Global wide manufacturing activity levels as measured by the J.P.
We built one of the first Mobile TMS apps , have the only end-to-end LTL eCommerce Freight shipping applications for B2B shopping carts, continue to innovate on internal systems, and have won several accolades for our digital marketing efforts. Many of these kind souls make their designs open-source and free for public use.
In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.
Added Implications- Broader Supply Chain Objectives Our research arm recently published 2025 Predictions for Industry and Global Supply Chains. Needs for real-time status of materials requires that data is continuously streaming from physical as well as digital sources. This is the basis of more predictive decision-making.
by Wolfgang Lehmacher, Anchor Group & Mikael Lind, Research Institutes of Sweden (RISE). The second Z – Zero emission shipping routes: the Clydebank Declaration. Signatories to the so-called Clydebank Declaration have agreed to collaborate to support the creation of green shipping corridors between two or more port pairs.
Another part of the solution that has been missing until recently is the tight integration with upstream processes, such as strategic sourcing and supplier risk management, which have been siloed and operating in their own domains. AI Assistants can also help make managing the process of supply chain design easier.
Supply Chain Insights has done research on the top trends: However, I look at these trends as primarily a “consumer to sales” challenge. Consumers used multiple devices, internet of things, etc, to check FGI (finished goods inventory) /sub-assembly and raw inventories, build plans, and sourcing options, as they are considering a purchase!
This includes the decision to build, the digital definition of the product, the decision of when and where to ship, and the decisions of which materials to put into which products. This is the clear articulation of when and how to make, source, and deliver for the community. It is about more than visibility.
So, for a direct response marketer, it’s actually more expensive to not have EDI integration, because without it you’re closed off from potential sources of business. The language and documents of shipping are complicated and immense. For this reason alone, EDI integration is well worth its initial implementation cost.
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