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Blog " * " indicates required fields Email * More Resources Home September 6, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
ProMat 2023 is being held this week, March 202 -23 in Chicago. ProMat 2023 occupied both McCormick Place South and McCormick Place North with over 1,000 exhibitors. McCormick Place South The South Hall is home to the IT Solutions Center and the South Manufacturing and Assembly Solutions Center. First stop, Pickle Robot.
Every December for the past four years, we have asked members of our Indago supply chain research community — who are all supply chain and logistics professionals from manufacturing, retail, and distribution companies — “What is the likelihood of the. The post Supply Chain And Logistics: What Will Stay The Same In 2023?
We explored that question recently with members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, Read more The post [Video] How Are Companies Engaging With Customers Around Deliveries In 2023? appeared first on Talking Logistics with Adrian Gonzalez.
More than 40 manufacturers across the commercial interior, material handling, and kitchen and bath industries expand offers via Configura’s CET platform in 2023.
Manufacturing process complexity, including sourcing of complex parts and part relationships. How will the picture change in 2023 ? The threat of an economic recession is looming over all major economies in 2023. The post Essential Technology Capabilities for Supply Chain in 2023 appeared first on Logistics Viewpoints.
One of the clearest lessons learned during the pandemic was the importance of domestic manufacturing. As global supply chains snarled and essential products became hard to find, many domestic manufacturers pivoted to make up shortages. The importance of manufacturing has often been overlooked as the U.S.
For example, an air conditioning manufacturer might sell not just the air conditioner but a yearly service agreement. The post Key Takeaways from Oracle CloudWorld 2023 appeared first on Logistics Viewpoints. It is all much easier for Oracle customers that have committed to the Oracle suite of solutions.
Commerce is global and regional at the same time, the world is getting smaller and more interconnected, and Consumer Packaged Goods (CPG) manufacturers operate in this build-anywhere and sell-anywhere market. The post Top Supply Chain Challenges for CPG companies in 2023 appeared first on Logistics Viewpoints.
Over the past few years, manufacturing has had to adapt to and overcome a wide variety of supply chain trends and disruptions to stay as stable as possible. July 11th, 2023 at 9:30am PDT, 12:30pm EDT, 5:30pm BST But what do these really mean today? Stability has become key in this post-COVID world, and will remain key moving forward.
Today, we published The Supply Chains to Admire for 2023. Nvidia, Northrup Grumman, PACCAR Inc, PCA (Packaging Corporation of America), ResMed, Rockwell Automation, Ross Stores, Taiwan Semiconductor Manufacturing (TSMC) Company, Tempur-Pedic, TJX, Toro, Toyota, West Pharma, United Tractors, and Urban Outfitters. I admit it.
Redwood City, CA, July 12, 2022 – Manufacturers are working to accelerate digitization initiatives to manage supply chain disruptions in 2022 and beyond, according to an original survey commissioned by Ivalua , a leading global spend management cloud provider. Manufacturers Accelerate Procurement appeared first on Ivalua.
Here are some highlights from these trends in 2023 and implications on supply chain planning. Recessionary environments cause disruptions in the manufacturing industry around the globe, leading to long lead times, shortages, rising prices, and complications in transportation lines.
In June 2023, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they are using control towers in their supply chain operations.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
The supply chain management techniques that dominated the last 30 years are no longer supporting consumer behavior or logistics and manufacturing capabilities. What should your plans for 2023 include? Curious to know how your peers are navigating ongoing disruption? So what’s working now? Forecasting techniques to manage inventory.
Creating new opportunities and enabling manufacturers to address the ever-changing disruptions is the new norm for solution providers. 2023: A Year in Review This year was full of milestones, marking the three-year anniversary of the acquisition of Arena by PTC. 3D Visualization is another product innovation delivered in 2023.
Teradyne , a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S. A factory in Suzhou was the company’s main manufacturing site for its semiconductor test equipment, which it subcontracted to Flextronics.
In April 2023, one of our Indago members — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — submitted the following question: “We see the future of transport moving toward electric and autonomous vehicles.
In March 2023, the Global Supply Chain Pressure Index fell to the lowest level since November 2008. In March 2023, the level of disruption fell to a level seen in November 1998. Currently, I am working on a study to understand the value of synchronizing contract manufacturing with in-house manufacturing and procurement.
Speaker: Len Pannett - Supply Chain and Operations Transformation Expert | Board Advisor - UK Ministry of Defence | Mentor | Author | Keynote Speaker
Join our webinar to explore how additive manufacturing bridges the planning-execution gap, providing a cost-effective and resilience-enhancing approach for supply chain optimization. But what happens when compromise causes one of the many balls we juggle to drop?
Note that in Figure 1, retail home improvements days of inventory increased 68 days, contract manufacturing days increased 48 days, retail apparel by 28 days, and containers and packaging manufacturing companies by 14 days. year over year in February 2023, following a 5.9% Focus to understand root cause. increase in January.
… The theme for National Ag Day 2023 is ‘Growing a Climate for Tomorrow.'”[4] Supply chain professionals, consumer packaged goods manufacturers, wholesalers, warehousers, and grocers all deserve recognition on this day. 3] Staff, “ National Ag Day – March 22, 2023 ,” National Today. [4]
Sustainability in the world of manufacturing Many manufacturers want to do their part in taking responsibility to be sustainable. A more sustainable future The demand for sustainable manufacturing is only going to increase especially with the rising concerns around climate change and the planet.
Ivalua Spend Management Insights [ivory-search] 2023 Ivalua NOW Nashville: Recap + Photos! May 18, 2023 | | Ivalua NOW by Eloise Barnum They say city lights got nothin’ on country nights—and well–they ain’t wrong! We can’t recreate Ivalua NOW 2023 Nashville–but we’ll always have the memories! appeared first on Ivalua.
Speaker: Fernando Penteado, CPSM - Supply Chain and Logistics Executive, Global Markets Expert, and International Speaker
Now, as a variety of disruptive events cause supply chain challenges, companies are contemplating bold moves to keep business moving, including moving sourcing and manufacturing closer to home markets and maintaining a larger reserve stock to help manage the fluctuations in supply and demand.
2022 Realities vs 2023 Predictions. It drives up the cost of raw materials, manufacturing, transportation, duties, and tariffs, and ultimately increases the prices paid by consumers. 2023 will be the year to shore-up innovative, intuitive, intelligent solutions. LogiSYM Supply Chain Magazine – December-January 2023.
How should a global manufacturer make a decision? In short, the research tells me that the manufacturing industries are stuck. In contrast, for a global manufacturer, the answer is more complex. Define a proactive approach and the value/economies of scale of planning manufacturing/transportation and sourcing together.
These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers. Manufacturers, retailers, and logistics organizations can leverage generative AI-powered knowledge management systems to optimize operations and make informed decisions.
One of my insights from doing the industry analysis for the Supply Chains to Admire each year is that smaller and less well-known companies outperform larger and better-known manufacturers. The analysis is biased toward large process-based manufacturers in the Gartner network. Is this success? I don’t think so. Learning Stalled.
Speaker: Rosemary Coates - Board Member & Founder at Reshoring Institute, Best-selling Author, Host of the Frictionless Supply Chain podcast
Companies can lower the risk of disruptions by shortening the supply chain and moving manufacturing close to the points of sale to reduce the need for expensive and time-consuming transportation. Supply chain trends to watch out for in 2023. Re-shoring is one solution that is gaining popularity as a result of pandemic-related issues.
Thomas Lobert , a Solutions Consultant with Descartes, explains, “[Forced labor] can happen any time in the supply chain: from sourcing raw materials to manufacturing products, including distribution. 3] Helen Atkinson, “ Eradicating Slave Labor Starts with a More Transparent Supply Chain ,” SupplyChainBrain, 10 July 2023.
3] Since those tagging techniques are costlier alternatives for manufacturers, the lowly barcode will probably be around for a little while longer. Kingson, “ QR-style ‘2D barcodes’ will revolutionize retail as we know it ,” Axios, 17 April 2023. [6] ” RetailWire, 19 April 2023.
Global Supply Chains: Bridging The Capability & Human Capital Gap From 2021 To 2023 Opinion Editorial by Brian Cartwright , Client Partner, Global Supply Chain Solutions at Pedersen & Partners What has changed over the past two years, and what is next for supply chain leadership hiring?
Looking Back to 2023 Performance in 2023 was not as positive as we might have hoped, and it was a harder year than many had anticipated. A majority of organizations (62 percent) missed their 2023 business goals, and four in five organizations reported falling short of their competitors’ or peers’ performance (Figure 1).
According to Deloitte and The Manufacturing Institute, the labor shortage will cost the U.S. million positions could remain unfilled by 2023. The labor market is under an unprecedented squeeze, and the logistics industry has been hit particularly hard by the “Great Resignation.” as much as $1 trillion, and 2.1
In June 2023, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they are using control towers in their supply chain operations.
Disruptions cause supply chain uncertainty Original Equipment Manufacturers (OEMs) in Asia continue to see strong demand for trade supply. For instance, sourcing of raw materials for battery manufacturing may become the next great supply problem as automakers bet big on electrification in 2023.
14-15, 2023 in Atlanta. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Recipients will be honored at this year’s Women in Supply Chain Forum, set to take place Nov.
AI for manufacturers Using artificial intelligence (AI) in manufacturing can significantly improve productivity, reduce equipment failure, increase production efficiency and help identify new business opportunities. That indicates that manufacturers who adopt AI early could achieve a significant advantage over laggards.
The following data is from a survey we conducted last month (May, 2023) across hundreds of small business importers who tap Freightos.com’s global freight marketplace. By 2023, average inventory turnover for small and midsize businesses, had dropped for the 50% percentile ShipBob seller from 1.59 The key takeaway?
BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for Supply Chain Planning Solutions (July 2023).
BOSTON – December 19, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, welcomed members of its partner ecosystem to the ToolsGroup/Engage Alliances Summit 2023 in Vienna, Austria. ToolsGroup congratulates the winners of the 2023 ToolsGroup Partner Awards.
Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. For manufacturers: Optimizes inventory and harmonizes data to reduce costs, improve visibility, and make better sourcing decisions.
Global Manufacturing PMI Global Trade as a Barometer Clearly domestic business activity is much larger than international trade. I decided to take a look at quarterly changes in worldwide merchandise export volumes from 2016 to 2023. Manufacturing Purchasing Managers Indexes The J.P. Source: J.P.
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