March, 2024

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Do We Have Enough Electricity to Power the Future of Supply Chains?

Talking Logistics

The future of supply chains will be enabled by Artificial Intelligence, electric trucks, robots, and other technologies. But only if we have enough electricity to power it all, which is a big question mark (and risk) at the moment. According to research conducted by The American Transportation Research Institute (ATRI), published in December 2022, “Domestic.

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Just Jump

Supply Chain Shaman

During the 1980s, I was on a management team for a large manufacturer. My job was redesigning work to improve effectiveness. The plant was 24 acres under one roof. The concept was a factory with many factories in a common facility. The Company was attempting to gain economies of scale by grouping manufacturing technologies within a common infrastructure to reap the benefits of a co-generation facility, a centralized warehouse, and a talented administrative team.

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5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

Welcome to part three of our AI in Supply Chain blog series. In this blog, we explore the different types of predictive AI models for supply chain risk management. In our second AI blog of the series, Predictive AI vs. Generative Supply Chain AI , we looked at the difference between predictive AI and generative AI. Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators.

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Collaboration vs. Cooperation in Supply Chain Management

Talking Logistics

In an April 2015 Harvard Business Review article titled “There’s a Difference Between Cooperation and Collaboration,” Ron Ashkenas writes, “Having worked with hundreds of managers over the years, I’ve seen that very few admit to being poor collaborators, mostly because they mistake their cooperativeness for being collaborative.” What’s the difference between the two?

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Dispelling Untruths: 10 Generative AI Myths

Logility

Leveraging AI for Faster, Strategic Decision Making There is a lot of information out there around generative AI, and it’s difficult to separate fact from fiction. As a member of Logility’s research and development team with a specialization in generative AI, I have a front row seat to witness the rapid expansion of artificial intelligence technology.

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Driving the Future of Automotive — Connected, Autonomous, Electric, Configure to Order

BlueYonder

For over a century, the global automotive industry has been focused on one central technology: the internal combustion engine. But now, the digitalization of the modern car is revolutionizing the industry, with enormous repercussions for the end-to-end supply chain. As cars become more connected, autonomous, electric and configured to order, automotive manufacturers are increasingly becoming software companies.

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Digital RtM & Supply Chain – 4 Data Points That Will Transform FMCG

Enchange Supply Chain Consultancy

Explore the transformative potential of integrating technology into the distribution network, from producer to point of sale.

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Planning for Natural Disasters: A Growing Priority in Supply Chain Risk Management

Supply Chain Brain

When it comes to assessing supply chain risks, planners generally don’t place natural disasters at the top of the list. But with the growing number of extreme weather events, that could change in the coming years.

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Above the Fold: Supply Chain Logistics News (March 22, 2024)

Talking Logistics

“For all of you Stanford students, I wish upon you ample doses of pain and suffering.” Jensen Huang, Nvidia’s CEO, offered that wish to students at his alma mater last week. “Greatness is not intelligence,” Huang said. “Greatness comes from character. And character isn’t formed out of smart people, it’s formed out of people who. Read more The post Above the Fold: Supply Chain Logistics News (March 22, 2024) appeared first on Talking Logistics with Adrian Gonzalez.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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How Mobile Workflow Solutions are Shaping Industries

TrackVia

Do you ever feel like you’re constantly playing catch-up in the business world? Like everyone else has figured out some secret formula for success, and you’re still trying to crack the code? Well, buckle up because we’re about to let you in on a little secret weapon that’s been hiding in plain sight: mobile workflow solutions.

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Medline is the Largest User of the AutoStore Robotics Solution in the World

Logistics Viewpoints

AutoStore in action at a Medline Distribution Center AutoStore has a lot of buzz surrounding it. This public company (OSE:AUTO) headquartered in Norway achieved revenues of nearly $650 million in less than 20 years. The company continued to grow during COVID even as the industry shrank. And their revenues don’t include services – they work through system integration partners.

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Tecsys’ Corinna Hoag and Vee Srithayakumar Named 2024 Supply & Demand Chain Executive Pros to Know

Tecsys

Award recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage supply chain for competitive advantage.

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Clean up Historical Data using Intuiflow

Demand Driven Technologies

Cleaning up demand histories is a classic discipline for any forecaster in the supply chain. When generating a statistical forecast, you must first ensure that the historical data has been cleaned of outliers. Otherwise, beware of GIGO! (Garbage In, Garbage Out). This historical clean-up is generally carried out on monthly buckets, sometimes on weekly buckets.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Nearshoring Is Booming in Mexico. Here Are Five Numbers to Prove It

Supply Chain Brain

Businesses in the U.S., Canada, and even South America have been bringing their supply chains closer to the consumer — that is, nearshoring — and Mexico has been the beneficiary.

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Above the Fold: Supply Chain Logistics News (March 29, 2024)

Talking Logistics

It’s a quiet and rainy Friday morning here in Boston. I’ve been staring at the blinking cursor on my computer screen for some time, but very few words are coming to me. (more blinking) Ok, enough. Here’s the supply chain and logistics news that caught my attention this week: Since many people are out of. Read more The post Above the Fold: Supply Chain Logistics News (March 29, 2024) appeared first on Talking Logistics with Adrian Gonzalez.

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Warning Signs that You Have a Supply Chain Analytics Gap

The Smart Software

“Business is war” may be an overdone metaphor but it’s not without validity. Like the “Bomber Gap” and the “Missile Gap,” worries about falling behind the competition, and the resulting threat of annihilation, always lurk in the minds of business executives, If they don’t, they should, because not all gaps are imaginary (the Bomber Gap and the Missile Gap were shown to not exist between the US and the USSR, but the 1980’s gap between Japanese and American productivity was all too real).

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This Week in Logistics News (March 23 – 29)

Logistics Viewpoints

In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long span. The collapse sent vehicles and people plunging into the water. According to a Coast Guard memo, a harbor pilot and an assistant aboard the cargo ship reported the power issues that prompted multiple alarms on the bridge of the vessel and loss of propulsion.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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BR Williams Trucking, Inc Achieves Historic Victory in Alabama Trucking Association

BR Williams Supply Chain Management

BR Williams secures first place in three key divisions of the Alabama Trucking Association (ATA) Fleet Safety Banquet, marking a significant milestone in their commitment to highway and workplace safety. Oxford, AL – BR Williams Trucking, Inc., a leading player in the trucking and transportation industry, has achieved a historic victory by placing first in the General Commodities Local Division, General Commodities Linehaul Division, and General Commodities Combined Division at the Alabama Truck

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Truepill Selects Tecsys' Elite™ WMS for Healthcare Distribution to Support Its Growing Mail Order Pharmacy Operations

Tecsys

Three Tecsys recipients recognized with award that honors outstanding executives whose accomplishments leverage supply chains for competitive advantage.

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With Suppliers Running at Near-Capacity, Is the ‘COVID Effect’ Finally Fading?

Supply Chain Brain

Are global supply chains finally shaking off the after-effects of the pandemic? The latest findings from GEP’s Global Supply Chain Volatility Index suggest that might be the case.

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Using Your End Of Year Budget for L&D Effectively

Procurement Academy

As the year draws to a close, organizations face the critical task of effectively utilizing their end-of-year Learning and Development budgets. The allocation of this budget is not a decision to be taken lightly, as it has a direct impact on the company’s growth, productivity, and talent development. With countless options available in the market, it’s crucial to find a solution that aligns with your organizational objectives and addresses your specific skill gaps.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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The Three Types of Supply Chain Analytics

The Smart Software

In this video blog, we explore the critical roles of Descriptive, Predictive, and Prescriptive Analytics in inventory management, highlighting their essential contributions to driving supply chain optimization through strategic foresight and insightful data analysis. The post The Three Types of Supply Chain Analytics appeared first on Smart Software.

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Siemens EcoTech: Driving Sustainable Transformation of Industry

Logistics Viewpoints

Aside from creating products that have sustainable benefits, Siemens has increased the value of their offerings by focusing on the traceability and data verification of their products. Companies across the globe are being placed under pressure to keep an accurate record of emissions data across their entire supply chain, due to regulations requiring annual reporting.

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Shoptalk 2024 Recap: Trends and Insights

BlueYonder

What a great week at Shoptalk 2024 in Las Vegas! The vibe at Shoptalk was festive with a crowd of 27,000+ people at the Mandalay Bay Resort & Casino. Overall, the event was a big success. Shoptalk is one of the more enjoyable conferences in the retail world. It has the feeling of a big large show (which it is!), but all of the conversations make it feel small and intimate at the same time.

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Geopolitical upheaval and legislative change: More turmoil for shipping?

IT Supply Chain

By Lena von Fritschen (pictured) Director Market Intelligence, Transporeon The post Geopolitical upheaval and legislative change: More turmoil for shipping? appeared first on IT Supply Chain.

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The Art of Consistent Perfect Order Delivery: Smart Order Fulfillment Through Orchestration

Shippers and logistics service providers are pressured to match the “Amazon effect” for fast and efficient service across multiple B2C, B2B, and D2C channels. Perfect order delivery - on-time and in-full at the lowest possible cost – is critical. However, recent surveys of supply chain stakeholders reveal that many don't have the technology necessary to achieve it.

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Time for Chief Supply Chain Officers to Get Serious About Third-Party Risks

Supply Chain Brain

Geopolitical risks are disrupting global supply chains and compelling business leaders to take third-party risk management more seriously.

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4 Key Takeaways From MODEX 2024

Tecsys

Each year during the ides of March, the supply chain community gathers in either chilly Chicago for ProMat — and deep-dish pizza and beef sandwiches — or sunny Atlanta for MODEX , soul food and southern hospitality. ProMat and MODEX alternate years, and 2024 was MODEX’s turn. I attended ProMat in 2023, but this was my first time at MODEX.

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Finding Your Spot on the Inventory Tradeoff Curve

The Smart Software

This video blog holds essential insights for those working with the complexities of inventory management. The session focuses on striking the right balance within the inventory tradeoff curve, inviting viewers to understand the deep-seated importance of this equilibrium. The post Finding Your Spot on the Inventory Tradeoff Curve appeared first on Smart Software.