Why investors are looking at supply chain technologies in 2020

Requis

Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word. Investors, like the public, have woken up to the fact that supply chains are the engine driving economic prosperity. Supply chain, it seems, is ripe for disruption.

Is Hyperloop the Next Great Supply Chain Technology?

Kinaxis

by Melissa Clow This guest post comes to us from Argentus Supply Chain Recruiting , a boutique recruitment firm specializing in Supply Chain Management. We’re always trying to stay on top of Supply Chain developments at Argentus. And this sometimes takes us into looking at the emerging technologies that are poised to have a significant impact on the function. But we’re interested in what Supply Chain and Logistics pros in our network have to say.

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Supply Chain Technology Trends to Watch Out For

AFFLINK

What are the current supply chain technology trends? Supply chain technology is advancing at a fast pace, and supply chain companies need to keep their finger on the pulse of the industry. Blockchain technology is growing in many industries, with companies jumping to integrate blockchain into nearly every transactional process. When it comes to supply chain management, the applications of blockchain are clear.

Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

Then, executives need supply chain technology to stay ahead of the game. But what technologies we should pay attention to? Mike Skinner, Vice President, CLX Logistics Technologies Without question, one of the most significant game changing technologies in the past 12 months and looking forward at the next 18 months is TMS – to which you say “big deal” and I say, “true plug-and-play (SaaS/Cloud) global TMS integrated with global trade and customs execution”.

Open Source Helps SMBs with B2B

Descartes

Thanks to open source, B2Bs can now address back office functions. Open source can make all the difference for SMBs to satisfy both their suppliers and customers. In order to thrive in eCommerce, they need an open source B2B commerce platform. From a technology standpoint, an open source eCommerce platform is the best option for SMBs. Open source has the ability to integrate within any kind of depth of organization.

How Retailers Can Use Supply Chain Technology to Get Ahead

CH Robinson Transportfolio

In my last blog , I talked about how consumer demands for a larger and more immediate selection of products are forcing retail businesses to become supply chain professionals. How do you optimize your supply chains to be efficient and responsive when you lack unified visibility to them? You don’t have to be a retail supply chain expert. It begins by recognizing that you do not have to be a logistics authority to optimize your supply chain. .

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7 Supply Chain Technology Trends Set to Disrupt Supply Chains in 2017 and Beyond

Arkieva

What supply chain technology trends are set to revolutionize your supply chain in 2017 and beyond? Supply chain executives recognize digital disruption is carving new opportunities in business process automation and organizational management – with increasing tenacity. As 2017 comes into focus, several key technological initiatives are topping corporate agendas. Here are 7 Supply Chain Technology Trends for 2017.

[INFOGRAPHICS] 4 Uses of Supply Chain Technology Applications Moving Shippers into the Future of Effective Management

Cerasis

In today's highly competitive marketplace, it’s imperative for businesses to innovate new ways to streamline their supply chain and optimize productivity. With the aid of modern supply chain technology applications, you can create better visibility within your supply chain , which will enable you to have more control over your business and stay ahead of the competition. Source: Morai Logistics. 9 Facts About RFID Technology in Logistics.

4 Pitfalls to Avoid When Selecting Supply Chain Technology!

Supply Chain Game Changer

Check out 10 Supply Chain Investment Challenges – Real and Imagined! There are thousands of supply chain technology vendors in the market today, and many companies claim their system is the best-of-the-best. How do you truly know which systems are the best, and what can you do to ensure the selected supply chain technology does not become a money pit for your organization? Check out Supply Chain 4.0! Subscribe Here!

The Growing Need for Blockchain in the Grocery Supply Chain

Cerasis

It’s getting a lot of attention thanks to new mandates by Walmart and others – including big players like Unilever, Nestle, Tyson and Dole – to require blockchain tracking of food from source to store. Clearly blockchain in the supply chain is.read More. The post The Growing Need for Blockchain in the Grocery Supply Chain appeared first on Transportation Management Company | Cerasis.

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Concurrent planning, technically speaking

Kinaxis

by Justin King Editor’s Note: The original version of this article appeared in the eBook, Thinking Differently About Supply Chain Planning: The Case for Concurrency. Pause for a moment to think about what the world’s supply chains are tasked with on a daily basis and how much they achieve. The unsustainable supply chain. The unpredictable intricacies of the modern supply chain demands perpetual, intelligent management.

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Space: The final logistics and supply chain management frontier

Kinaxis

by Ilyas Kucukcay Recent advancements in the space launch market may indicate an increased need for logistics and supply chain management in outer space operations. Humankind’s ongoing curiosity about space has countries competing to prove they have not only the technology, but also the resources and collective knowledge to go beyond our imagination. Accessing what’s beyond our globe has become an accepted source of socio-political promotion.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains.

This Week in Logistics News (October 5-9, 2015)

Talking Logistics

Having spent much of this week on the road, I am still in catch-up mode with emails and phone calls, so let’s go straight to the supply chain and logistics news that caught my attention: Elemica Introduces New Sourcing Optimization Solution. Simply put, as supply chains have grown in scale and complexity, so has the logistics sourcing process.

Digital Transformation: An Imperative for Industrial Manufacturing in 2017

Cerasis

The remaining 70 percent are hindered by outdated business models and technology. The speed of business is fast and companies that aren’t successful in adopting, implementing, and optimizing new technologies run the risk of being left behind. However, the key – and challenge – with digital transformation is it involves more than an investment in a new technology, that investment must be part of an overall cultural shift within a company.

The Top 6 Supply Chain Trends to Watch in 2017

PLS Logistics

The supply chain is affected by the globalization of business, and those who work with international suppliers don’t have the same competitive advantage they once had. More markets are emerging in the global economy, and traditional supply and demand is changing. Industry Week reports that by 2025, global companies will have procurement managers based in China to source materials and services not only for their operations in that country, but for their entire organization.

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Global Chemical Company Uses PINC YMS to Cut $1.5 Million in Detention and Demurrage Fees

PINC

As a result, it struggled with numerous logistical and supply chain issues, including no single source of truth for data and insights. With one source of truth to work from and a less congested yard, Chemours has also improved its throughput with visibility across six total yards. digital supply chain innovation logistics supply chain technology yard management yard management system customer success digital yard

4 Key Trends to Watch in Smart Manufacturing and Supply Chain

Cerasis

Industrial IoT and big data are converging to enable demand-driven 'smart supply chains.' The advancements in 3D printing and 'Additive Manufacturing,' coupled with supply chain efficiencies, could make distributed manufacturing a reality, ushering in the era of smart manufacturing. I remember reading an MIT paper on manufacturing technology trends a couple of years ago. Smart Manufacturing will Make Supply Chains Demand Driven not Forecast Driven.

Big Data Analytics: A Key to a Successful Supply Chain in the Next 5 Years?

Cerasis

Big data utilization is the wave of the future for all aspects of business including supply chain management. There are several direct and indirect benefits to using big data analytics for your supply chain. The main benefit of big data analytics regarding supply chain management is customer service. By expediting the source of supplies in tandem with customer orders, faster service is provided with less expense. Big Data Supply Chain.

5 Big Benefits of Cloud-Based Supply Chain Management

Cerasis

New technology can seem appealing until the process of incorporating it into existing methods becomes overwhelming and stressful. For the supply chain of a business, there is no room for error even when performing the initial steps, and other fears can further scare away potential users. Fortunately, using a Cloud-based supply chain management systems integrator is much easier and far more advantageous than seems plausible at first.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Focusing on Efficiency: Setting Foodservice Up for Success in Changing Market Conditions

CH Robinson Transportfolio

Adding efficiency to your supply chain is a never-ending journey. Internal and external supply chain influencers can regularly affect your hard-earned efficiencies. Driving down supply chain costs always seems to be at the forefront of everyone’s to do list.

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Technology and the Supply Chain: What Does the Future Hold?

Kinaxis

Decades later and a sizable amount of that technology has hit the mainstream market (can anyone say Apple Watch ?) So what does my nostalgic look back at my childhood have to do with the future of supply chains? Wearable devices, 3D printing, implantable technology, connected homes, automated workforces, driverless cars and smart cities are all on the list. The WEF report focuses on five shifts that will directly influence supply chain.

Blockchain and Supply Chain Analytics: Impact of Small to Large Supply Chains

Cerasis

The value of blockchain and supply chain Analytics is Undisputed, and the capabilities of blockchain Technology are starting to become available two small and midsize businesses, as well as large corporations, such as Walmart. Blockchain Appears Beyond the Reach of Small Supply Chains Blockchain technology is often associated with large corporations, but it holds value when applied to small and midsize businesses as well.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

Each blog post written is distributed into groups that reach the supply chain community as well as professionals in manufacturing, transportation, distribution, and more. Today’s post is a follow up blog post to the post written a week or so back called “Vendor Managed Inventory Model for Supply Chain Cost Reductions.” Mr. Higo said in response to the VMI for Supply Chain Cost Reductions post was: “Very informative article, thank you.

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

Casey and Paul Vigna – that opened my eyes to bitcoin’s true potential: as a new operating system for supply chain networks. The WSJ article and other sources, such as this Khan Academy video series , explain how bitcoin works, so I won’t go into it here. Source: [link]. A supply chain blockchain application, therefore, could be used to record the balances and transfers of inventory across a distributed supply chain network.

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Overcome Foodservice Disruptions: Focus on Technology, Service Networks, and Transportation

CH Robinson Transportfolio

Those companies who successfully adapt their businesses, and their supply chains, to be more flexible and resilient will find the most success in the long term—even in the face of closures or restrictions. Connectivity through technology.

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Break down your supply chain functional silos. Analysts, consultants, and others have been telling companies to break down their supply chain functional silos for as long as I’ve been in the business, yet those silos still remain tall and strong at many companies. Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM.

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Use these management strategies to build a great supply chain…

The Network Effect

Today I want to talk about some of the processes and management strategies that can be used to help a supply chain on the journey from ‘good’ to ‘great’ To read more about this subject and related themes, I suggest you read the new whitepaper, Supply Chain’s New World Order” , Visibility and Measurement. Another technology capability that is essential as part of the platform shift is the ability to assign process level permissions to users.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As I’ve said before, the ability to exchange timely, accurate, and complete data, documents, and other information with external business partners — and do so in a scalable, flexible, and cost-effective way — is one of the foundations to enabling supply chain visibility, control, and innovation. Overview of Supply Chain Operating Network. Source: RevCascade website. Is drop shipping becoming more important in your supply chain operations?

This is the invisible network that keeps the world running

The Network Effect

The answer is the global supply chain. The article provides a counterargument to those who think that technological progress has stagnated , and that we’re out of big ideas: The global supply chain that brings us those tablets and phones, and pretty much everything else from our clothes and food to our toys and souvenirs, is nothing short of a moon shot itself – a vast, unprecedented engineering solution to a truly astronomical logistics problem.

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Wearable Technology in the Supply Chain: 3 Core Benefits

Cerasis

Well, this example shows how wearable technology in the supply chain was being used 3 and a half years ago in 2012. However, the applications of wearable technology in the supply chain have grown beyond the computer-generated voice that spoke way too fast, way to monotone, and way too annoying. What’s Happening with Wearable Technology in the Supply Chain? The benefits of the cloud in the supply chain are clear.

Delivery Demand Shaping: A Key Element in Enabling Profitable Same-day Delivery

Talking Logistics

According to multiple sources, Google is trying to curb these by outsourcing its delivery to other on-demand startups and has held initial talks with multiple companies, including Postmates and Flywheel. Source: Adelante SCM. Source: Adelante SCM. In an hour or two, using such promotions, Dell can reshape the demand for any part of any [computer] to correspond with the projected supply in its global supply chain. Source: Adelante SCM.

The Rise of Logistics Technology in E-Commerce

Cerasis

Logistics technologies are changing how modern retailers operate. However, the rise of e-commerce will naturally lead to greater focus on logistics technologies, and you need to understand how this increase the role of logistics technology in e-commerce in the global economy. What’s Driving Investments in Logistics Technology in E-Commerce? Two primary forces are contributing to the need for logistics technology in e-commerce.

4 Benefits of the Use of Bluetooth Technologies in Logistics

Cerasis

Bluetooth technologies seem to predate the use of the Internet of things (IoT) in society. However, Bluetooth technologies are creating a subset of the IoT, expanding its benefits and use among shipping and logistics providers. Before deciding to forgo the use Bluetooth-enabled technologies, logistics providers need to think about the driving forces behind them and how they will further benefit the industry. Driving Forces Behind the Increased Use of Bluetooth Technologies.