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The new year has arrived and so has the new wave of noteworthy news coming out of the supplychain space. A first-of-its-kind research project was published by the FAIRR Initiative, addressing human rights violations and overfishing in the seafood supplychain. As the year marches on, you can count on weekly updates here!
October 21st – 24th SupplyChain & Logistics News Round Up This past week, I returned to the Tampa Bay Area to visit family and see the lasting effects of back-to-back hurricanes. From a sustainability and supplychain perspective, this situation is incredibly challenging to comprehend. Nauto and Beans.ai
Ivalua Spend Management Insights [ivory-search] Navigating CSRD Regulation: What Procurement, SupplyChain, and Finance Leaders Need to Know June 12, 2023 | | Sustainability by Vishal Patel In an effort to drive sustainability and combat climate change, the European Union has introduced the Corporate Sustainability Reporting Directive (CSRD).
In the rapidly evolving landscape of supplychain management, technology continues to play a pivotal role in shaping competitive advantage. Drawing upon the insights from the “Gartner® Predicts 2024: SupplyChainTechnology” report 1 , I’d like to share some reflections on the key areas of focus.
Technology is an ambiguous word referring to a wide range of marvelous (and sometimes scary) man-made gadgets. Deciding what technological trends are important depends on the activities in which you or your organization are involved. Regardless of your area of interest, technology of some sort is going to impact it in the years ahead.
Sometimes I just like to live on the edge, which is definitely a qualifying status for anyone bold enough to make predictions about the future of supplychain operations and management—but I just can’t help myself. It’s Mostly About Automation. Robots Run the Warehouse. Dark Distribution Centres.
I have no crystal ball, of course, but instead I will tap into my consulting experience, add a dash of research, and fire it all up with some imagination to try get a picture of how the supplychain environment may look in eight years’ time. By 2028, offshore production could all but be eradicated. Automation in Logistics.
Cloud ERP and technology provider SAP SE reported both Q4 and 2024 full year financial performance along with senior executive alignment moves. Of that total, Cloud and Software Revenues increased 12 percent to 8.3 Of that total, Cloud and Software Revenues increased 11 percent to 29.8 Between 33.1 Between 10.3
Tesco to roll out fully electric fleet by 2028 after partnering with EO. Not only is the extreme electricity shortage in the world’s largest exporter set to hurt its own growth, but the impact on supplychains could also crimp a global economy struggling to emerge from the pandemic. Stop & Shop kicks off Express delivery.
The majority of positions are for in-store workers while others roles are for the company’s supply-chain facilities. We have been planning early and leveraging investments in our people, infrastructure, transportation and technology made possible by the Delivering for America plan.
How is the logistics and supplychain management industry evolving – and what developments do you need to consider? Read more: Supplychain management explained: methods in modern business 1. Read more: Supplychain management explained: methods in modern business 1. billion to $5.6 billion in 2021.
Every supplychain plan or schedule meets variations or disruptions that require corrective decisions and actions. Large parts of this decision process can be digitised, but not automated. As John Lennon said, “Live is what happens while you’re busy making other plans”. I called this the “Decision Gap” in a recent webinar.
Businesses are grappling with many uncertainties, from fluctuating market trends to unforeseen supplychain disruptions. As these factors become increasingly prevalent, S&OP — the vital nerve center of an organization’s supplychain strategy — is being stretched thin. Enter the power of asking “what if.”
Gone are the days of static reports and manual data pulls today, real-time, collaborative data ecosystems are driving supplychain efficiency, revenue growth, and retail media success. Real-time and readily ingestible data play a crucial role in synchronizing supplychains and enabling suppliers to meet retailers’ expectations.
The COVID-19 pandemic, geopolitical tension, inflation, trade issues and environmental and labor concerns exposed existing vulnerabilities in global supplychains and wreaked havoc like none of us have known before. The same holds true for your internal supplychain operations. “We Talk about a domino effect.
At the moment, blockchain technology seems to fit into the aspirational category. Roberto Torres ( @TorresLuzardo ) reports, “In its 2019 Hype Cycle for Blockchain Technologies, Gartner found most blockchain technologies remain stuck in an ‘experimentation mode.’ Managing supplychain risk.
Subscribe to SupplyChain Game Changer. Exploring the Automotive Chip Shortage SupplyChain! PR Newswire states that the Electric Vehicle Charging market is $3B in 2020 and will grow to over $32B (a 33% CAGR) by 2028. Finally, Meticulous Research says the market will reach $104B by 2028 at a 26.4%
The statistics here are drawn from data-based studies of SMEs in the UK and around the globe, including our 2021 Unleashed Manufacturing Report , which analyses over 70,000 data points on almost 400 UK manufacturers who use Unleashed inventory software day to day. until 2028 – meaning it’s becoming the new norm for businesses globally.
Cloud supplychain leader announces additional funding as more brands unify their logistics on a single platform that combines warehousing, freight and fulfillment Led by Franklin Templeton, this brings Stord’s total funding to $325 million and increases the company’s valuation to $1.3 trillion by 2028.
On the industry level, overcapacity is estimated to peak next year, after which some carriers expect the market to balance out , while some analysts expect the market to be in some state of oversupply through 2028. Join thousands of supplychain professionals like you, who rely on Freightos’ updates.
The global manufacturing sector has seen an upswing, a technological renaissance of sorts. The global cobot market size is estimated to be worth $866 million in 2022 and is forecasted to a readjusted size of $1682 million by 2028. Supplychain insourcing Supplychain disruption seems to be a permanent condition.
SupplyChain Matters features our latest full edition of This Week in SupplyChain Management Tech , a compilation of funding, partnership and other noteworthy financial announcements related to supplychaintechnology providers. Our last full edition of this column was published on July 10.
This means that further consideration will be required when the Strategy is next revised by the IMO in 2028. Taking a value chain perspective is critical to understanding decarbonisation enablers. Actors should consider inter-industry collaboration to decarbonize multiple intertwined chains.
trillion by 2028, clocking a 2.4% It’s high time retailers, e-commerce platforms, 3PLs, FMCGs, and other logistics players in the US turn to cutting-edge logistics software to tackle the hurdles of this burgeoning industry. But what exactly constitutes cutting-edge logistics software? triillion in 2022 to $1.6
Construction inventory management solutions are classified into three main categories: Automated solutions, Manual solutions, and Third-party solutions. Nowadays, automated solutions are most widely applied such as inventory management software, warehouse management software, and ERP software.
In this regular edition of our featured column, SupplyChain Matters This Week in SupplyChain Management Technology , we provide a capsule synopsis of noteworthy supplychain management focused technology news which we believe would be of specific interest to our global-based multi-industry supplychain readership.
The continued growth of the TMS market means new software will be available, resulting in more data streams and increased access to data and supplychain management insights. International freight audit software can make it easier to manage freight costs, profits, and budgeting concerns. . from 2021 to 2028.
While SAP Fiori excels at pulling and reporting data through a uniform UI/UX, RFgen accelerates mobile app development using low code drag-and-drop app creation for supplychain transactions. A common misconception is that SAP Fiori can be used in place of RFgen Mobile Development Studio for creating mobile supplychain apps.
” According to Winkenbach, “The growth of sprawling urban conurbations means that efficiency along the last mile — from outside the city into city centers and from within the urban core to direct end-use delivery — will become harder to achieve using traditional supplychain models. ”[2]. ”[2]. Footnotes. [1]
Indeed, spending is the primary action in procurement, and a misalignment in your finances can easily impact your procurement plans and disrupt your access to the supplychain. If your finance and procurement data are well documented, accurate, and organized, this can be put through dedicated software to produce useful insights.
Today’s blog is written by a guest writer, Graham Perry, a writer at Business Tech Innovations specializing in logistics supplychain optimization. With expertise in fleet management and transportation technology, his articles empower businesses to navigate the dynamic world of logistics with peace of mind.
By Inés Alcántara, Senior Sales Engineer In an era marked by unpredictability and technological advancements, understanding and adapting to the changing demands of logistics is not just an option, but a necessity for success. There are five pivotal solutions and trends that are reshaping the logistics landscape.
Home January 02, 2024 5 Ways to Cope with Changing Logistics Demand in 2024 Inés Alcántara , Senior Sales Engineer In an era marked by unpredictability and technological advancements, understanding and adapting to the changing demands of logistics is not just an option, but a necessity for success.
Plus HVAC equipment is also being adopted more and more by consumers due to technological innovations and climate change driving both affordability and demand respectively. While demand is growing, so too is supply – and with it, distributors. The HVAC industry is already highly competitive and is predicted to grow 13% through 2028.
per year on average through 2023, according to the organization’s just-released Freight Transportation Forecast, 2017-2028.” While this is a positive harbinger for business overall, it suggests tighter capacity and a rising freight rate environment as demand for transportation outstrips supply. this year and then 3.4%
Logistics industry was experiencing capacity constraints, driver shortages, sudden upticks in e-commerce demand, new technologies, different fulfillment models , delays, port congestions, canal blockage etc. But now we have entered a new era of logistics that requires technological adoption and strategic execution.
The SupplyChain Matters blog provides our latest news capsule edition follow-up relative to updating our readers to prior industry supplychain management developments that we have shared on this blog. The move will reportedly increase existing hourly wage rates 25 percent by 2028.
Today brings breaking news of yet another SAP SE Supervisory Board change involving this enterprise, ERP and supplychaintechnology field sales, customer success and marketing senior leadership. He held the responsibility for global revenue under management for cloud, software, and support. All rights reserved.
Subscribe to SupplyChain Game Changer. Luckily in those cases it had an automated “go home” feature which quickly brought it back to where I was standing. Fulfilling the demand for this capability is also enabled by advancements in technology and regulatory definition and compliance. Subscribe Here!
Before today’s announcement, TSMC ’s prior plans were to invest $40 billion consisting of two facilities, one of which would include 4-nanometer process technology. Commerce Secretary Gina Raimondo that the global leader in semiconductor chip production will be producing cutting-edge 2-nanometer advanced chip technology in the U.S.
The new technologies that are making renewables more viable. The coronavirus pandemic has given the world a wake-up call about resiliency in supplychain. The ongoing forward march of the technology enablers. Another promising technology can be found in hydrogen fuel cells. We’re already using more renewables.
million positions unfilled between 2018 and 2028 with a potential economic impact of $2.67T according to a recent study by Deloitte. million positions unfilled between 2018 and 2028 with a potential economic impact of $2.67T. The manufacturing skills gap could potentially leave an estimated 2.4
Platooning, an automatic braking system to allow semis to retain formation, ‘will bridge automated and autonomous trucks,’ according to the report by Navigant. High-level automation will not eclipse 1 percent of annual sales until 2028,” Navigant’s report goes on to say. Target sets sights on supplier emissions.
Construction inventory management solutions are classified into three main categories: Automated solutions, Manual solutions, and Third-party solutions. Nowadays, automated solutions are most widely applied such as inventory management software, warehouse management software, and ERP software.
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