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According to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supplychain executives are losing the strategic gains they made with their C-suite counterparts. 28% of supplychain leaders cite cost reduction as one of the top three priorities currently.
I laugh when business leaders tell me that they are going to replace their current supplychain planning technologies with “AI.” Each supplychain planning technology at the end of 2024, went through disruption–change in CEO, business model shift, layoffs, re-platforming and acquisitions. The reason?
The new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supplychain. As the year marches on, you can count on weekly updates here!
Increasing concerns over mass supplychain disruptions. Its a rollercoaster for logistics and supplychain leaders operating in global markets. Businesses are facing greater volatility as tariff changes wreak havoc on supplychains, operational costs, and overall profitability. Extreme tariff volatility.
Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer. These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. The ability to meet fulfillment goals is impeded by several issues.
For the past few years, the news has been filled with stories about supplychain disruptions, supplychain fragility, and the need for supplychain resilience. A term once prominent in supply discussions optimization isn’t heard quite as often as it used to be.
Today’s article is the fifth part in a series featuring surveys from APQC on supplychain topics including ESG in supplychain , environmental sustainability , last mile , digital transformation. In May 2024, APQC gathered insights from supplychain professionals on Robotic Process Automation in supplychain.
” Dragons are a good analogy for the risks faced by supplychains. No one can say for sure what dragons lie ahead in 2025 for supplychains, but some risks are known. Navigating this years looming risks to build a secure supply network has never been more critical.[1] ”[3] Climate Change.
The rise of AI technology combined with Source-to-Pay (S2P) digitization are becoming key allies for leading procurement teams in their quest for ever smarter workflows, improved insights, and data-based decision-making. This makes it difficult for procurement teams to assess their impact or plan responses.
The survey was one of many, and I found the project relatively nondescript, bordering on boring. One of my lessons learned in completing survey-based research over the past twelve years, is that projects are full of surprises. In the survey, companies had over one hundred active continuous improvement programs.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
Home No More Black Swans: The Age of SupplyChain Uncertainty Freightos Enterprise unifies market intelligence, tender management, and shipment operations into one solution, enhancing logistics efficiency for large import-export businesses. Everything should be expected and planned for.
Supply management. Supplychain management. Supplychain planning. Increasing Maturity of the Role of the Forecast for the SupplyChain Leader This gets me back to why technologies are not improving enterprise leadership’s ability to forecast and manage revenue. Are these terms the same?
The COVID-19 pandemic has exposed many risks and uncertainties in supplychain networks. Current Technologies in Use for SupplyChain Network Design . Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. Read on for common use cases. .
There are numerous indications that supplychain is more critical than ever. Results from The Conference Board’s C-SUITE OUTLOOK survey showed supplychain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs.
Supplychain sustainability has become a very hot topic, but for a lot of people, there is uncertainty around its meaning. A recent ARC survey looked at reasons to address sustainability. This survey included over 400 respondents across a number of industries. Supplychain sustainability increases profitability.
In February 2023 I wrote the article What Does 2023 Have In-Store for Global SupplyChains? It introduced the survey we had just launched to determine the perceptions, priorities, and strategic initiatives of today’s supplychain and logistics executives. Meanwhile, labor constraints are as binding as ever.
”[2] Company executives now understand that being able to test scenarios and strategies that can help them successfully navigate todays volatile supplychain landscape is crucial. Digital twins are linked to real data sources from the environment, which means that the twin updates in real time to reflect the original version.
Having an effective supplychain practice has always been a difficult balancing act, even in relatively stable times. Many factors need to align for an organization to be able to source materials, produce a product and put it in the hands of customers. Gap between supplychain and procurement.
Jim Bierfeldt and Joe Lynch discuss the logistics buyers survey created by Jim and his team at Logistics Marketing Advisors. These buyers now have access to a wealth of information and do their own research on how to solve supplychain problems, and what providers can do to help. Key Takeaways: Logistics Buyers Survey.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supplychain resiliency test. Supplychain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.
The phrases “transitory inflation” and “supplychain disruption” have been frequently used in the general and business news media this summer. Certainly, supplychain constraints are a partial cause of the current above trend inflation. This Summer’s Sales, Prices, and SupplyChain Performance. Final Word.
Supplychain disruption is a fact of life for every company that moves any type of product. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. A resilient supplychain may be stretched to the max, but it doesn’t break. Trade disputes and tariffs.
Based in Chicago, his expertise covers a wide range of operations topics, with an emphasis on end-to-end supplychains and their redesign for four critical purposes, growth, cost, resilience, and sustainability.
Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? Complexities integrating data from across global supplychains. Start with your supplychain. These responses illustrate that supplychain sustainability is top of mind for many companies.
Supplychain risk solutions are hot. Exiger’s CEO, Brandon Daniels, told me they were larger than their three largest supplychain risk competitors combined. Modern supplychain risk solutions are marvelous pieces of technology. First, it is done through surveys. Lately, Exiger has been in the news.
Acronyms abound when it comes to supplychain. Today’s article is the fourth part in a series featuring surveys from APQC on supplychain topics including environmental sustainability , last mile , and digital transformation. Over the last few years, another acronym has been showing up on the radar: ESG.
When the pandemic started in 2020, no one could foresee the impacts of the global supplychain disturbances would last this long. Now the new norm is constant change, and agility is the name of the game when it comes to supplychain planning. Critical inventory disruptions/deficiency anywhere in the supplychain.
Driving Sustainable SupplyChain Change. By 2025, to improve long-term supplychain profitability, 60% of manufacturers in global supplychains will invest in software tools to support sustainability and circular economy business models.”. “By In Asia, Governmental and Finance.
The move amounts to a weaponization of the Periodic Table and highlights a strategic vulnerability that could disrupt defense and industrial supplychains. Exiger is the only company capable of identifying the holistic supplychain impacts of critical minerals from technical data packages.
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supplychain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. Nearly all executives surveyed (97%) point to significant disruption today in their direct materials supplychain.
Michael Jacobs, Senior Vice President SupplyChain, Ferguson. Mr. Jacobs is the senior vice president for supplychain at Ferguson. While nominally a distributor, “supplychain management is our core competency. In particular, Ferguson’s supplychain is built for speed and to provide high service levels.
In late 2023, Descartes conducted a survey of 1,000 supplychain and logistics decision-makers across North America and Europe across three sectors: manufacturing, distribution and retail; carriers; and logistics services providers. The study also provided insight into what companies are doing to address it.
Supplychain sustainability is a higher priority than ever. In MIT’s State of SupplyChain Sustainability 2021 , 80% of executives surveyed said the pandemic either had no impact on their commitment or increased it. We must plan, source, make, and deliver differently for supplychain sustainability.
Media sources are filled with prognostication. And Logistics Viewpoints has a history of its own supplychain predictions for the year ahead. My colleagues and I will likely publish a detailed list of predictions related to supplychain operations and technology. This is surely a positive for the field.
With the advent of the digital era, supplychain has transformed dramatically. To increase flexibility, responsiveness, and competitiveness in the long run, the investment in supplychain digitalization will increase by 10%-15% over the next few years. If trends hold, we will achieve touchless supplychains very soon.
Supplychains are messy. Blockchain in SupplyChain Can Help. WHITE PAPER] The Top SupplyChain Trends that Will Impact SupplyChain Management in 2018. The inefficiencies that plague supplychains have seemingly been around forever. Blockchain in supplychain changes that.
If your company’s supplychain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the resiliency test. Let’s start here: what is supplychain resilience? What is SupplyChain Resilience? 2020 Was A Year Of SupplyChain Disruption.
Megatrends Shaping SupplyChain Innovation. While the COVID-19 pandemic woke up supplychains around the world, the ripple effects continue to disrupt in both size and scope. How are supplychains planning for further disruption and uncertainty? Creating a more resilient supplychain.
Few organizations are immune to the effects, which are acutely felt in supplychains — and the more complex they are, the greater the probability of interruptions. The study found that these leaders considered the largest gap to be between supplychain and procurement, citing it as a major issue. Collaboration is Key.
Getting started with AI in supplychain might not start where you think. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supplychain and your data. Since this advice on getting started with AI in supplychain may seem counterintuitive, let me explain.
A wave of chaos followed that turned the supplychain upside down, forcing it to adapt, transform, and learn at an accelerated pace. 3 long term changes to the supplychain 1. The result was a shift and acceleration towards nearshoring, reshoring, and source diversification.
Many companies were in the midst of digitally transforming their supplychain when the Convid-19 pandemic hits. In this part 2 article, let us continue to explore the concrete actions we can take in our Digital SupplyChain journeys.
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