Thu.Apr 18, 2024

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Smart Chains, Mixed Signals: Decoding AI’s Role in Supply Management

Talking Logistics

Modern supply chains today must be intelligent, data-driven, and employ every advanced digital tool and automation application under the sun. At least that’s what today’s business pundits evangelize. But how? Artificial Intelligence (AI), particularly Generative AI, has created a multi-decibel buzz that is unclear, disruptive, inspiring, and annoying all at once.

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ToolsGroup Reimagines Supply Chain Decisions: Unveiling Decision Hub and GenAI-Assisted Planning at Hannover Messe

ToolsGroup

BOSTON, MA and MILAN, ITALY – April 18, 2024 – ToolsGroup, a global leader in supply chain planning software, is set to unveil its latest innovations in decision-centric planning at Hannover Messe. As a pioneer in adopting AI-driven solutions that enable supply chain executives to navigate uncertainty, ToolsGroup has long been on the cutting edge, enabling smarter, faster decisions that drive profit.

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From Globalization to Glocalization

Enterra Insights

Many experts believe the era of “hyper-globalization” is coming to an end — writing has been on the wall for years. What’s replacing hyper-globalization? Some call the new era “localization” or “glocalization.” Some people, including me, prefer the term “regionalization.” I started writing about the movement towards regionalization back in 2008.

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De Minimis Value: Your Essential Guide to International Trade Regulations

ShipBob

If you want to sell products internationally, you’re going to have to pay taxes and duties upon formal entry to the destination country, right? Well, not necessarily. Many countries have what’s called the de minimis threshold which in Latin means “too small to be meaningful or taken into consideration.” Therefore if your product’s value is under a country’s particular threshold, it may be considered tax and duty-free.

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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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Watch: Community, Cohort, Connection: What's Needed in Supply Chain Marketing

Supply Chain Brain

A preview of the second annual Global Supply Chain Marketing Summit, to be held June 5-7, 2024 at the Ritz-Carlton on Amelia Island, Florida, with original cohort member Lisa Beck, director of marketing and business development with Ortec.

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PTC and Arena Named the Outright Leader in ABI Research’s 2024 Enterprise PLM for Large Manufacturing Competitive Matrix Assessment

Arena Solutions

PTC was named the outright leading vendor in ABI Research’s 2024 Enterprise PLM for Large Manufacturing Competitive Assessment. Arena earned high scores in both assessment categories, Innovation and Implementation, ensuring PTC received the #1 vendor score and matrix placement over competitors such as Siemens, Dassault, and Propel. ABI Research’s detailed study assessed and compared 11 PLM providers to offer an unbiased assessment and ranking.

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Podcast | Thinking Beyond Cost: New Executive Priorities for Supply Chains

Supply Chain Brain

When it comes to setting priorities for managing the modern-day supply chain, executives can’t have it all.

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The System IS the User

Adexa

The System IS the User A Novel Approach to Supply Chain Planning Systems have always been designed to augment and help the users to make better and faster decisions. Their role has been the role of an assistant or a helper to carry out numerical calculations or mundane and routine tasks that can be automated. In software much the same as hardware, so-called robots and routine processes are automated making the job of the users easier and higher quality decisions are made a lot faster.

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What is Just in Time Manufacturing? Benefits & Disadvantages

Unleashed

The manufacturing industry thrives on efficiency gains. Any opportunity to minimise waste and reduce your business costs means greater revenue, higher profits, and happier customers. Just-in-time (JIT) manufacturing is a production management approach that helps you lift efficiency and streamline your operational processes. Here’s how it works. What is just-in-time manufacturing?

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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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Supply Chain Graphic of the Week on Top 15 Busiest Global Ports

Supply Chain Digest

Shanghai and Singapore Top the List

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How AI Transforms Trade Classification and Compliance

Supply Chain Brain

The trading world is a perfect candidate for artificial intelligence-based tools and capabilities, to enhance the quality and productivity of classification and compliance.

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Which is the Best: UPS vs FedEx – A Detailed Comparison

Loginext

Choosing between FedEx and UPS for parcel delivery involves complex decisions. LogiNext's logistics management software revolutionizes this process by enabling businesses to switch carriers based on real-time analytics and performance data. This adaptability ensures the most cost-effective and efficient delivery choices, tailored to specific business needs and customer preferences.

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Scope 3 Emissions Reporting: Under the Spotlight for All Businesses

Supply Chain Brain

Emissions reduction isn't only a business imperative — it's an environmental necessity. Scope 3 reporting motivates the business world to generate impactful change.

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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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Sustainability Report: Top 10 Food and Beverage Service Providers

Loginext

This article ranks the top 10 food and beverage service providers leading the way in sustainability. From reducing plastic waste to implementing energy-efficient practices, these companies are setting benchmarks in environmental stewardship. The report delves into each company’s specific initiatives, such as sourcing renewable energy, utilizing biodegradable packaging, etc.

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A Guide to Safe Chemical Trucking

West Coast and California Logistics

Hazardous materials barreling down the highway in an 80,000-pound tractor trailer – what can go wrong? Unfortunately, a lot can.

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Geely to Sell $1.32 Billion of Volvo Truck Shares

Supply Chain Brain

Geely said the divestment is “in accordance with its long-term strategy” and that it will remain Volvo’s second-largest investor.

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Slow Asset-Light 3PL M&A Activity, But Emerging Signs of Improvement in 2024

Freight Plus

Capstone’s latest Asset-Light 3PL M&A Update reports it has been a difficult operating environment for third party logistics (3PL) providers since mid-2022, tempering merger and acquisition (M&A) activity over the period. Capstone expects the pace of 3PL M&A activity to improve in the later part of 2024 as an acceleration in freight growth improves sector financial performance […] The post Slow Asset-Light 3PL M&A Activity, But Emerging Signs of Improvement in 2024 appeared

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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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Modular ERP – The Key to Agility (Part 2)

Tecsys

As we discussed in The Key to Agility (Part 1) the development of modular enterprise resource planning (ERP), coupled with the shift to cloud-based solutions, has created opportunities for organizations to develop greater agility and resilience. A cloud-based modular ERP gives companies the ability not only to pivot during times of unexpected turbulence, but also to approach their businesses with a more open mind; they can achieve agility, resilience, as well as opportunity.

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Boeing Sharply Criticized at Two Senate Committee Hearings

Supply Chain Brain

One witness said there was a disconnect between Boeing management's words about safety and what workers observe on the factory floor.

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How Manufacturers Can Leverage AI & Analytics For Strategic Decision-Making

Silvon Software

Across the globe, manufacturing businesses are navigating economic uncertainties with increasing sophistication. Critical to guiding them through today’s fluctuating markets is the accuracy and actionable intelligence derived from data. Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth.

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Alaska Air Profit Forecast Signals Rebound From Max Woes

Supply Chain Brain

Alaska shares gained 5% in New York after earlier rising as much as 7.1%, the most in more than two years.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Record High Drug Shortages in the U.S.- Same Dysfunctional Problem

Supply Chain Matters

Supply Chain Matters again points to the conflicting stakeholder interests that continue to result in U.S. wide shortages of life saving pharmaceutical and drug supply. This condition is not something new but rather a reflective of decades old dysfunction in stakeholder financial and other interests. Record High Drug Shortages Business and general media have cited data from the American Society of Health-System Pharmacists ( ASHP ) that indicates 323 critical drugs were in shortage during the fi

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Bellwether Logistics Company J.B. Hunt Sees Dip in Profit, Revenue in Q1 2024

Supply Chain Brain

The company posted a $127.5 million profit in the opening months of the year, down from nearly $200 million in Q1 of 2023.

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EPA and White House Set Revised CO2 Targets for Automakers

QAD

Complex dynamics shape the global automotive industry’s transition towards battery electric vehicles (BEVs). Today, Western automakers face strategic considerations and challenges amid evolving regulatory landscapes, geopolitical tensions, and competitive pressures, particularly considering China’s growing dominance in the BEV sector. Recent media reports have suggested that the White House has been contemplating responding to political and industry feedback by potentially delaying t