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Supplychains, which facilitate the movement of products from manufacturers to consumers, have historically encountered issues such as inefficiency, fraud, and a lack of transparency. When records are centralized, a single error, hack, or failure can lead to significant disruptions.
Supplychain resiliency and sustainability are top priorities for CEOs today. To achieve these goals, corporate leadership must focus on two key areas: shift from internally focused supplychains to collaborative supply networks and actively design their supplychains.
states, obvious disruptions to supplychains and supplychain risk management were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. containerized loaded cargo volume and more than 18% of the East Coast container trade.
For the past few years, the air cargo market has greatly benefited from international e-commerce. According to the International Air Transport Association (IATA), 80% of e-commerce is transported by air and makes up upwards of 30% of total air cargo volume. Rethinking supplychains is a reader-supported publication.
Marco Tieman , Chief Executive Officer at LBB International Background According to the 2022 State of The Global Islamic Economy Report, the global Islamic economy is an estimated USD 2 trillion industry consisting of the following key industries: halal food, modest fashion, media & recreation, travel, pharma, and cosmetics.
The bolded line is key, explaining why Amazon’s acquisitions have shaken markets – the Whole Foods acquisition prompted a $12 billion drop in grocery shares and the PillPack acquisition triggered a $15 billion dollar pharmaceutical share drop. Source: Amazon.com.
A number of express packages, the medium most frequently associated with online purchases, is expected to skyrocket. And, if many of those packages cross the Pacific waters, or generally travel farther than 600 kilometers, the air cargo shippers specializing in express packages will also stand to benefit from that wave of volume.
In the tradition of David Letterman, (in no particular order) let’s hit the Top 10 SupplyChain Predictions for 2012. Supplychain risk will not go away. At the start of 2011, I wrote a blog (SupplyChain Risk and Charles Darwin) that highlighted 2010 as the worst on record for supplychain disruptions.
Supplychain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. What can supplychain managers do to ensure that action is taken quickly and efficiently when disruption strikes? Identify Risks in Your SupplyChain.
We salute the year’s top advancements in supplychain technology and processes. Thanks to omni-channel distribution, 3-D printing, self-service logistics and other avenues of disintermediation, traditional supplychain roles are rapidly being transformed into all-new opportunities. Warehouse Automation. Media Type.
There are undoubtedly moments when risk managers would like to “take a knee” in order to find respite from the risks their supplychains face. The report points to potential vulnerabilities in a significant percentage of global supplychains. First, supplychains have grown complex and global.
Almost 75 percent of US companies are experiencing capacity shortfalls in their supplychains, due to Coronavirus-linked transport disruptions , a new study has shown. With some 5 million companies impacted by China’s supplychain woes, the picture is similar in other parts of the world. China’s Pharma Delivery Industry.
Schiphol airport gears up for chilled vaccine cargos. The airport is equipped with huge cold storage warehouses where KLM Royal Dutch Airlines employees are preparing for the surge in vaccine cargos that will need to be flown around the world in ultra-low temperatures. UPS will make dry ice, offer freezers for vaccine distribution.
Subscribe to SupplyChain Game Changer. The trucking industry provides shipping services for goods and products from the manufacturing/production point to the consumers, mainly using trucks. There are many carriers and shipping companies specializing in the transportation of different types of cargo in different vehicle types.
Manufacturing in Belgium. Typical manufacturing products made in Belgium include engineering and metal products, automobile assemblies, transportation equipment, scientific and precision instruments, chemicals, pharmaceuticals, textiles, glass, petroleum and food and beverages. SupplyChain Infrastructure for Manufacturing.
Global Cargo Monitoring / Cargo Tracking. By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high. Managing logistics operations for a global supplychain is challenging. Subscribe To.
Supplychain disruptions are inevitable, whether resulting from natural disasters, technical failures, worker strikes, or other unforeseen incidents. What can supplychain managers do to ensure that action is taken quickly and efficiently when disruption strikes? Identify Risks in Your SupplyChain.
Like any industry, in SupplyChain and Logistics we have a lot of Acronyms and Abbreviations. 4PL 4th Party Logistics – A step beyond 3PL, 4PL providers manage the entire supplychain for a client. APS Advanced Planning Systems – Software tools that use complex algorithms to optimize supplychain planning.
What is also real is the impact it has on supplychains. In fact, it will not be a stretch to say that climate change is currently the biggest threat that global supplychains are facing today and is responsible for shortages and disruptions in several industries. Source: Statista.com. parts per million.
When leading economists start talking about a drop in manufacturing comparable to the start of the 2007-2008 global financial crisis, you can be sure that the world’s leading industries are in for a torrid few months. Since then, the impact on manufacturing and global supplychains, across multiple industry sectors, has been significant.
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.
Every industry has dealt with the fallout or repercussions caused by COVID-19 -related disruptions to the supplychain. Every aspect of supplychain shipping and tracking relies on implementing sound last-mile retail delivery services. Retail Is Gradually Evolving to Become Synonymous With Pharmaceuticals Too.
While there is still some question as to whether blockchain technology can live up to the hype it has generated, it is making inroads into the supplychain environment. Blockchain in the Jewellery SupplyChain. The system has been enjoying success throughout its early phases. Berkshire Hathaway.
According to the 30th Annual State of Logistics Report by the Council of SupplyChain Management Professionals (CSCMP), companies spent $1.64 In 2020, the COVID-19 pandemic crisis caused unprecedented disruption in supplychains around the world. billion, while transportation costs increased by 10.4%
The world of supplychain and logistics is changing every day. Each one is featured as having done something unique to reinvent their supplychain and logistics. Additionally, the company’s manufacturing expertise will enable the reduction of production costs. Kick back, be inspired and happy innovating.
Knowledge is power in the world of supplychain management, and every company is searching for the next best way to save money and meet consumer demand. That’s why we’ve created this list of the top logistics and supplychain journalists and thought leaders that we follow and suggest you check out in 2020. . Paul Abbott.
Is it too good to be true, or is it what the new supplychains will look like by using the Internet of Things? Here are some ways better visibility will translate into more efficient supplychains. Modern supplychain solutions are driven by clean data. Tracking –. Inventory –.
Up until now, investing in shipment tracking solutions was like buying travel insurance - it was usually purchased in the last step of the transportation contracting process. However, COVID-19 is changing the way companies are looking at investment into visibility.
No one would really know what was on any cargo ship until they opened each individual package. This would severely slow down the shipping and distribution process, increase the risk of damage or loss, and compromise the stability of an entire supplychain.
I’d love to see dozens or even hundreds of active apps using the ShipChain sidechain doing all kinds of supplychain activities. We are very excited about the increased interest we have seen from Food and Beverage, Oil and Gas, Pharma, and High Risk/High-Value cargo companies. So, in 3 years? Any update on this?
Pharmaceutical fentanyl was developed for pain management treatment of cancer patients. Amazon has launched Amazon Air , its dedicated air cargo fleet, in India as the e-commerce giant bulks up its logistics infrastructure in the key overseas market where it has deployed more than $6.5
This includes port data, social media, news, event and weather (SNEW) data, weather data (to some degree), traffic data, and other available sources to provide an accurate ETA to warehouses, stores, and end consumers. For ocean cargo, however, if a shipment gets bumped to the next ship, it can add up to 15 days to the transit time.
Subscribe to SupplyChain Game Changer. It is an incredible task that won’t happen without careful and well thought out planning and execution of the SupplyChain. What is the Vaccine Distribution SupplyChain? Then you have to manufacture, transport and distribute it. Subscribe Here!
As many companies push for this change and commitment to a business, it leaves less capacity for typical pharmaceuticalchains—especially pharmaceutical companies that do business in the last mile of residential delivery. The State of Shipping Pharmaceuticals in the U.S.
It’s the decade we’ve decided to call the “Decade of SupplyChain”, because we truly feel that the next ten years will see supplychain take its rightful place at the heart of business organizations and at the heart of discussions about business optimization world wide. Digital twins.
Andrew is on a mission to help small to mid-size enterprises implement high-performance tactics and technology to their supplychain, so they can scale up without stress. Andrew started in footwear manufacturing and fell in love with operations management. In this conversation we will discuss: Coronavirus and eCommerce.
Andrew is on a mission to help small to mid-size enterprises implement high-performance tactics and technology to their supplychain, so they can scale up without stress. Andrew started in footwear manufacturing and fell in love with operations management. In this conversation we will discuss: Coronavirus and eCommerce.
The SupplyChain Matters blog provides commentary and perspectives on FedEx’s sudden and unexpected warning of revenue and profitability shortfall prompting decisive actions. It is yet another development in this new, new normal of business and supplychain developments. Development. Explanations.
A few week ago, I wrote an article about the transformative nature of the plant-based meat supplychain. Fast food chains around the country have been introducing meatless burgers, and now Burger King is offering a first: meatless chicken nuggets. Coca-Cola has taken a different approach. Exports climbed 0.5 percent to $213.7
The company applies AI and other analytics to this data to provide supplychain risk analytics and insights to its clients. In short, what makes them different is that they can quantify and thus prioritize supplychain risks. Each event is assigned a risk score. Additional support from Western allies looks less likely.
As the global environment is shifting based on political debates, EU/British negotiations, tariffs driven by the Trump administration, as well as the sudden shifts in country-level policies, supplychain executives and planners are working to plan for future uncertainties. However, some categories are capacity constrained.
Artificial intelligence has been applied to just about every supplychain application imaginable, including transportation management and execution, demand planning, supplychain planning, warehouse management, and order management. There are myriad applications outside of the supplychain world as well.
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