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food supply by the end of 2026. However, the scope and timeline of the initiative carry clear implications for the food and beverage supplychain. From raw material sourcing to logistics and regulatory compliance, stakeholders across the value chain will need to prepare for structural adjustments.
Gartner predicts, “The digital twin market will cross the chasm in 2026 to reach $183 billion in revenue by 2031.” ”[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.
But here, we’ll be talking about supplychain digital twins. A supplychain digital twin is a complete model of your supplychain that allows you to run what-if scenarios and determine the most efficient use of resources for fulfilling demand. Get the insights you need.
Ivalua, a global leader in spend management, today announced that it has been selected by Swedish steel manufacturer SSAB to further improve the efficiency of its procurement processes and uphold and strengthen supplychain risk management thanks to Ivalua’s Source-to-Contract (S2C) solution. Follow us at @Ivalua.
A combo of pandemic-related increased demand, and the tragic destruction of a key chlorine manufacturer have led to 2022’s swimming pool chlorine shortage. Covid-19 had its fair share of global supplychain victims , and chlorine is no exception. Image source: Cape Analytics. between 2021 and 2026.The The result?
This added responsibility for companies will have lasting effects on business operations, corporate partnerships, supplychain logistics, compliance requirements, and data integrity. Finding this data may reveal that double the work is being completed to source information that already exists in other branches.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
ARC defines the warehouse automation market according to a number of qualifications and dimensions to deliver a well-defined measure, with numerous segmentations, allowing those that purchase the research to understand what is being measured, and to easily extrapolate the findings to support their strategic planning needs.
The APAC automated storage and retrieval systems (ASRS) market is forecast to grow at a CAGR of about 10% between 2021 and 2026. With F&B, pharmaceutical and eCommerce booming, cold chain operators and logistics service providers need to evolve their warehouses to support a strong, undisrupted supplychain.
Today, the choice for CPG manufacturers and supplychains is clear: future-proof with digital manufacturing technologies that can meet the customer where they are or be left behind. many businesses are left with a supplychain and manufacturing ecosystem that looks – and functions – a lot different than it used to.
The figure includes Panasonic’s purchase of the remaining 80 percent of shares in Blue Yonder for $5.6 Applications are due by July 2021, with the program looking to reduce deforestation between 2022 and 2026. The distribution hub will be operated by XPO Logistics SupplyChain, which has already started hiring.
The Ferrari Consulting and Research Group via its SupplyChain Matters blog revisits assumptions included in 2025 predictions and how they are changing with ongoing developments. Global Trade Forecasts Global trade forecasts serve as a barometer for global supplychain activity levels. percent to 2.4
Megatrends (Possibly) Shaping SupplyChain Trends: Technology. This evaluation also needs to consider sourcing the technology, implementation and support services necessary to enable the desired outcomes. This article highlights five technology developments shaping the future supplychain. Hyper-connectivity. .
Most manufacturing companies must rely on many supplychain partners to design and deliver products to their customers under budget and ahead of schedule. billion in 2018, with estimated expansion at a CAGR of 7% through 2026, according to Grand View Research. Eliminating Confusion With Suppliers.
While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations. And it’s safe to assume that logistics digitization will continue to deliver a significant competitive edge as supplychain complexity and uncertainty grow.
The construction supplychain is complex. With rising material costs, controlling costs and ensuring efficiency have never been more critical for manufacturers and distributors. To adapt, construction and building materials companies are getting strategic and implementing new technologies to ensure a strong supplychain.
Prior to the pandemic, efficiency was the primary focus of most supplychain operations. I’m not implying that efficiency no longer matters — it obviously does — but a disrupted supplychain can’t be efficient. Severe disruptions during the pandemic changed that focus to resiliency. Here’s the rub.
This new tax credit could help to drive EV prices down, increase EV adoption, and give automakers the demand they need to transition to a BEV-heavy vehicle lineup—but that’s only if they can quickly regionalize their supplychains to meet the new “manufactured in North America” clause. How Does the Clean Vehicle Tax Credit Work?
In 2020, the global SupplyChain Management market was valued at $15.85 And is expected to double by 2026. Suppliers are placed at the supplychain's beginning and provide goods or services to the companies for further processing. The vendor, however, is at the other end of the supplychain.
Christian Heinrich, Co-Founder and Managing Director, c arbmee The 80% Challenge I was recently delighted to participate in a JAGGAER live webinar focused on the introduction, in recent years, of carbon emissions measurement as a factor in strategic sourcing. CBAM takes effect in 2026, with reporting already required from 2023.
Commercial aircraft designer and producer Airbus announced its commercial aircraft divisions and associated supplychainsupply networks aircraft delivery goal for 2025. For the A220 aircraft family, the company continues to target a monthly production rate of 14 aircraft by 2026. All rights reserved.
As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supplychain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. Increased near-shoring in Mexico and elsewhere as companies seek shorter supplychains.
In 2024, the logistics and supplychain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. According to industry reports, over half of business leaders acknowledge the need for supplychain improvements, with 52% believing they could enhance their operations.
This deliberation highlights the acute pressure original equipment manufacturers (OEMs) face in meeting near-term objectives, particularly those for 2026, deemed pivotal in the transition towards battery electric vehicles (BEVs). manufacturing prowess and reduce dependency on foreign components, particularly those sourced from China.
The global pandemic has brought significant changes in the manufacturing industry. To grow, small manufacturers need to rethink their production processes and consider digital solutions. Many small-scale manufacturers are ready to go digital but investing in a new ERP system raises some concerns for them. from 2019 to 2026.
Supplychain optimization and attracting talent will continue to be top-of-mind for manufacturers. Artificial intelligence (AI) is most likely to transform the manufacturing sector. Manufacturing has changed dramatically in recent years. companies expect the supplychain to remain challenging into 2023.
What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software? from 2019 to 2026.
What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software? from 2019 to 2026.
What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software? from 2019 to 2026.
Subscribe to SupplyChain Game Changer. Exploring the Automotive Chip Shortage SupplyChain! In order to facilitate the growth of Electric Vehicle purchase and use there needs to be a dramatic expansion of the Electric Vehicle charging station infrastructure. Who are the Manufacturers? All Rights Reserved.
ERP software is a complete business management suite integrating data and business functions across sales, finance, accounting, purchasing, production, and other departments. Below are the challenges manufacturers face in maintaining modern ERP security. Digital data stored in ERP gives cybercriminals a significant opportunity.
What is Manufacturing Operations Management? Manufacturing Operations Management (MOM) is a long-term holistic solution that gives complete visibility into plant floor operations to help consistently improve manufacturing operations performance. What is Manufacturing Operations Management Software? from 2019 to 2026.
One such behavior was a notable increase in online grocery purchases. ” Unfortunately, inflation hit the grocery sector hard and it affected online grocery purchases. It requires complex calculations to analyze customers’ purchase history and preferences based on mobile app, e-commerce and point-of-sale data.
Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software.
The ERP software market is growing rapidly in parallel with digital transformation efforts in the supplychain. As supplychains digitize to meet increasing needs for efficiency and speed, one of the core technologies behind these optimization efforts is enterprise resource planning software (or ERP technology).
If you drive a car from Volkswagen-Audi, Honda, Ford, General Motors, Mercedes-Benz, Toyota, Tesla, Renault, NIO, or Stellantis—the parts in your car have a high risk of being sourced from companies linked to abuses in the Xinjiang Uygur Autonomous Region (XUAR) of China; the region targeted by the Uyghur Forced Labor Prevention Act, (UFLPA).
David describes himself as a ‘pracademic,’ or practitioner academic, having held various global CPO roles across a number of industries, including retail, FMCG, pharmaceuticals, aerospace and defense, manufacturing, and banking. Digital Darwinism and evolution within supplychains. Adoption challenges and future of Procurement.
SupplyChain Matters provides our latest news capsule follow-up relative to updating readers to prior supplychain management developments that we have shared on this blog. This update provides added developments related to aircraft manufacturer Boeing, and to current U.S. PPI levels. points for January 2022.
SupplyChain Matters highlights reports indicating that Europe based Airbus will double China based aircraft final assembly output by 2024. The Announcement Commercial aircraft designer and manufacturer Airbus announced plans t o double the production of the company’s final assembly production capabilities within China.
Last week’s announced recall of in-service Pratt & Whitney’s Geared Turbofan (GTF) engines is likely to have yet another impact for commercial aircraft industry supplychain efforts to ramp-up monthly production. Last week Airbus again reiterated for investors the targeting of A320 family production levels of 50 per month by 2026.
Commercial aircraft designer and manufacturer Airbus announced last week the creation of a dedicated commercial aircraft business unit to be headed by the company’s existing head of sales. All rights reserved.
Firms are not only required to provide accurate carbon emissions data and rethink supplier engagement but also to contend with the potential financial and supplychain roadblocks from noncompliance and higher costs. Stage 2: Pilot Implementation Starting January 2026, companies must purchase pilot product import permits.
Here, we’ll discuss how it becomes useful for SCMs and what are some blockchain supplychain examples. Understanding SupplyChain The production industry uses a variety of procedures to serve its consumers through the market; all these activities can be covered under one umbrella term: supplychain.
In the evolving landscape of automotive regulation, the Environmental Protection Agency (EPA) is at a crossroads, with significant speculation about adjusting its vehicle emission targets for 2026 and beyond. manufacturing prowess and reduce dependency on foreign components, particularly those sourced from China.
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