Thu.Jan 18, 2024

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Trends 2024: Artificial Intelligence

Enterra Insights

Few technologies stir human emotions as much as artificial intelligence (AI). Some people anticipate great things happening thanks to AI, while others feel only deep anxiety about humanity’s future. Regardless of your feelings, 2023 was a breakout year for AI. Anders Billesø Beck , Vice President of innovation and strategy at Universal Robots, explains, “2023 was an exciting year for innovation.

Trends 264
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6 Ways AI Empowers End-to-End Decision Automation in Supply Chain

Logistics Viewpoints

As a child, I was mesmerized by beauty pageants, especially Miss World, where women from all around the world strutted in gorgeous fashion. I vividly remember the moments when the top winners declared their lofty goals for humanity: solving world hunger! Since the emergence of AI as the shiny object of our times, we see similar grandiosity: that AI will solve world hunger.

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Optionality: The Critical Supply Chain Imperative for 2024

The Network Effect

In a world of perpetual disruption, your organization will need optionality – multiple sourcing for key products, parts and raw materials.

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[Editor’s Pick] Global Trade Trends: A Year in Review and a Look Ahead

Talking Logistics

Note: Today’s post is part of our “Editor’s Pick” series where we highlight posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This post by Sandy Bhat from e2open’s blog highlights several key trends in global trade “that will have broader implications for businesses.

Trends 158
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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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How AI and Automation Are Poised to Revolutionize the Supply Chain Industry

Supply Chain Brain

In the last few years, the growing sophistication of artificial intelligence has brought unprecedented levels of precision, efficiency and innovation to supply chain management.

More Trending

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AI Is Helping Protect Healthcare Supply Chains, Study Shows

Supply Chain Brain

Forty-four percent of healthcare organizations are using AI to improve customer experiences while another 35% use this technology to forecast consumer demands.

Study 115
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Embracing Risk-based Thinking: A Practical Guide to Risk Management

QAD

In the dynamic realm of the automotive industry, the importance of risk management has reached new heights, compelling us to revisit and enhance our insights. Our recently updated white paper, titled Leveraging Risk Management Throughout the Automotive Supply Chain , represents an evolution of our work from six years ago when we first delved into risk-based thinking within the automotive sector.

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U.K. Government Launches New Supply Chain Resilience Strategy

Supply Chain Brain

The strategy was launched by the Minister for Industry and Economic Security, Nusrat Ghani, during a visit to Heathrow Airport in London, the U.K.’s largest import hub.

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Toptalent.ai

Supply Chain Movement

The labour market is currently in substantial turmoil. On the one hand, there is a persistent shortage of staff, while on the other, companies are having to downsize due to the faltering economy. At the same time, chatbot ChatGPT celebrated its first birthday last month, with 100 million weekly users worldwide as proof of the phenomenal success of the text generating application.

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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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Lean on a Bulk Freight 3PL during Rail Service Disruptions

Bulk Connection

We’re not even through with the first month of the 2023/2024 winter and we’ve already seen snow and rain wreak havoc on the supply chain across the US. It’s not a question of ‘if’ but ‘when’ these storms will lead to rail service disruptions. In this article, we’ll give you important information that will help you meet rail emergencies head on and keep your bulk freight in motion.

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The Tech Makeover of Supply Chain Planning

IT Supply Chain

By Claire Lloyd (pictured) Content Writer The post The Tech Makeover of Supply Chain Planning appeared first on IT Supply Chain.

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A Case for a More Decision Centric IBP

Supply Chain Trend

Although Integrated Business Planning (IBP) is designed to make high-impact business decisions, little attention has been given to the quality of decisions in an IBP cycle. In my latest Foresight article, I argue that to continuously learn from and improve IBP decisions, decision processes ought to be integrated with the traditional IBP process and supported by Decision Intelligence technology that goes beyond existing transactional and planning technology.

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The squeezed middle: addressing the cybersecurity demands of medium-sized businesses in the UK

IT Supply Chain

By Jacques de La Rivière (pictured) CEO, Gatewatcher The post The squeezed middle: addressing the cybersecurity demands of medium-sized businesses in the UK appeared first on IT Supply Chain.

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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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How To Get E-Commerce Returns Back Into Stock Faster

BlueYonder

When it comes to improving e-commerce returns, retailers will often think to change the length of time customers have until they’re no longer allowed to return an item, or begin offering free returns postage. While these are both great drivers of customer loyalty and potentially valuable tools, retailers might be missing other options to improve their e-commerce profitability when it comes to returns.

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Understanding the World of Sanitary Fittings

IT Supply Chain

By Allen Brown (pictured) Content Writer The post Understanding the World of Sanitary Fittings appeared first on IT Supply Chain.

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An Ultimate Guide To Inbound And Outbound Logistics With AI

ThroughPut

The economic disruption due to the pandemic highlighted pre-existing loopholes in global supply chains. Lack of digital connectivity made it hard to tie together global operations for supply chains, including inbound and outbound logistics. In the wake of Covid-19, supply chain managers are updating their supply chain operations to cater to elevated demand, availability of global vendors, and updated customer data.

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NRF Report of 2023 Holiday Sales- On Target to Forecast

Supply Chain Matters

Supply Chain Matters highlights the latest report indicating both U.S. holiday period and full year retail sales in 2023. The National Retail Federation (NRF), in conjunction with its annual conference held this week, reported 2023 holiday sales based on U.S. Census Bureau data. According to the NRF release , core retail sales during the 2023 holiday season rose 3.8 percent over 2022, to a record high of $964.4 billion.

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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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5 Ways to Reduce Protein Transit Times by Leveraging Services During Cold Storage Warehousing

Americold

The Americold experts are proud to showcase solutions to measurably streamline your protein supply chain at the upcoming NPFDA Convention & Showcase. Leverage your product’s downtime in storage with Americold’s complete solutions, tailored to your needs, to shorten transit times and reduce total touches.

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Experts Believe Cheap Generic Drugs Are Hurting the U.S. Supply Chain

Supply Chain Brain

Erin Fox, the associate chief pharmacy officer at the University of Utah, claimed that the most recent drug shortages in the U.S. are the “worst” in a decade.

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Supply Chain by the Numbers for January 18, 2024

Supply Chain Digest

Study Says Huge Number of Cities to Shrink. US Manufacturing Flat again in Decemberr. China Export Focus Changes.

China 51
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Watch: Tracking Reusable Packaging Containers at Scale

Supply Chain Brain

A case study with Roambee Corp., about how the world's leading reusable packaging container (RPC) supplier managed to track hundreds of millions of units without having to tag each one separately.

Packaging 105
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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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How AI in Supply Chain Brings Value to Your Business

Logility

How AI in Supply Chain Brings Value to Your Business Supply chain leaders are looking to get a firmer grasp on their supply chain planning. And what better way to start than artificial intelligence (AI)? Over the last few buzzword-laden years, we’ve seen many shiny new tools generate excitement – and confusion – around the potential of AI. Technologies are being designed from the ground up to use AI capabilities to improve forecasts and reveal insights faster than any human could.

Modeling 191
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How Generative AI Will Shape Contracting

Supply Chain Brain

Generative AI (GenAI) has the potential to transform the contracting practices of companies by significantly reducing the contract authoring, review times, and making negotiations of commercial agreements more effective.

Company 105
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What eCommerce Marketplaces Should You Sell On? We’re reviewing Amazon, eBay, Walmart, Target, and more…

Saleswarp

Although customers may view different online marketplaces similarly, they vastly differ from the perspective of a seller. Each site has its own audience and niche, but even more importantly, its own specific requirements and specifications that retailers must meet to list their products. So, what does this mean for retailers, brands, and suppliers? A good understanding of these platforms is crucial when determining where to sell and how to reach the right customers.

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Deep Freeze Forces U.S. LNG Exporters to Cancel, Delay Cargoes

Supply Chain Brain

The Cameron LNG export plant in Louisiana canceled at least one scheduled shipment while other deliveries from Cameron and Cheniere Energy’s Corpus Christi facility in Texas were also delayed

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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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A Closer Look at Distribution in Pharmacy and the Hospital Pharmacy Consolidation Trend

Tecsys

Discover the growing trend of centralizing pharmacy services in healthcare systems. Learn about the benefits of a Consolidated Pharmacy Service Center (CPSC) and how it can enhance efficiency, reduce costs, and improve patient safety.

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Congressional Committee Updated on Alaska Airlines Blowout Investigation

Supply Chain Brain

National Transportation Safety Board chair Jennifer Homendy and FAA administrator Mike Whitaker briefed members of the Senate Commerce Committee on their findings for about two hours January 17.

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How procurement can level up the US economy

Proxima

The US economy has shown itself to be resilient in the face of a global economic downturn, with GDP growing at a faster pace than many economists predicted. As we kick off the new year, the US economy is seeing growth and reduced inflation. As forecasts continue to roll in on the outlook for the US economy, there is cautious optimism that the US is moving towards a soft landing and avoiding the dreaded recession.