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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. This will enable diamond jewelry consumers at scale to engage with the unique journeys their diamonds have taken from source.
In the United States, there are a lot of billion dollar industries , led by hospitals, pharmaceuticals, commercial banking, life insurance, and petroleum wholesaling to name a few. However, there is probably one industry that most of us would not think of in this list: the cargo theft industry.
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Today’s article is from Blume Global and highlights why air freight forwarders must help industry increase air cargo visibility. To read the full article, click HERE.
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.
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.
Transporting pharmaceuticals is arguably more important than manufacturing them, because it enables these lifesaving medications to make it to where they are needed most. Guarding Against Cargo Theft Cargo theft is one of the largest risks associated with pharmaceutical manufacture and transport. Download White Paper.
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.
The Covid-19 pandemic severely exacerbated the shock to the Global economy.Global and Regional Trade and related Supplychains experienced unprecedented disruptions. The pandemic exposed major supplychain vulnerabilities affecting the Manufacturing, Industrial Logistics , Commercial sectors as well as Food Security challenges.
For ocean cargo, however, if a shipment gets bumped to the next ship, it can add up to 15 days to the transit time. For ocean cargo, there are multiple sources feeding into ETAs, including the initial Captains ETA as well as ASI data from ship transponders. It is a lot harder for many companies to find capacity on boats.
Air cargo visibility is also becoming a more important aspect of overall transportation visibility. The result is air cargo has rebounded to levels that are on par with the pre-Covid economy. The result is air cargo has rebounded to levels that are on par with the pre-Covid economy. Real-Time Visibility Data.
As Steve Banker wrote about in last week’s news roundup, the worldwide shortage of semiconductors is expected to last through the first quarter of 2023 at a minimum according to the electronics supplychain analysis firm Supplyframe. As a result, Ford is revamping its supplychain operations to focus on “built-to-order” vehicles.
Supplychain conferences are an excellent way to connect with industry professionals, learn about new technologies, and refine your operation through the experience of others. WHITE PAPER] The Top SupplyChain Trends that Will Impact SupplyChain Management in 2018. GET YOUR COPY HERE. Download White Paper.
Pharmaceuticals is one industry that's always standing on the verge of doing 'the next big thing' when it comes to not only medical, but also technological breakthroughs. The same goes for transporting and tracking pharma products.
Although most industries are focusing on supplychain efficiency, pharmasupplychains bring a bigger worry into the picture: patient safety. One of the major worries for the global pharmaceutical industry around patient safety is counterfeit drugs.
Who said supplychains are boring? Whenever I tell a friend, colleague or family member about my job as soon as the words "supplychain" are muttered I immediately see glassy eyes followed by a yawn or two. Using GPS to track cargo containers. China SupplyChain Council. MIT SupplyChain 2020.
Today’s supplychain and logistics management executives are tasked with managing multiple supplychain configurations, maximizing flexibility and incorporating complex technology systems into the mix. Today, RFID is building a new era for process automation and supplychain transparency.
Subscribe to SupplyChain Game Changer. Food Waste and World Hunger – The Food SupplyChain is Broken! The cold chain is a temperature-controlled supplychain that includes continuous refrigeration of the product from production to transportation, handling, storage, and delivery. Subscribe Here!
If your shipment contains pharmaceutical goods, the risk is increased as pharma shipments are more prone to damage, theft, or tampering in transit and pharma track and trace systems are not helping either. Your pharma track and trace system needs to be built differently from your regular shipment tracking system.
One of the most difficult and expensive aspects of the supplychain is last mile and home delivery. The two designs, one that looks more like a small plane used by hobbyists and another with a big belly used for additional cargo space, were recently unveiled in a company blog post.
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
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.
Hurricane Ida and a February severe frost in Texas wreaked havoc on the petrochemical supplychain, causing delays in manufacturing resins, plastics, and other components needed in everyday items. Here’s a look back at the top 5 logistics stories from this year (2021): Suez Canal blockage that affected global supplychains.
A pharma giant recently overcame its supplychain security and inventory management challenges and optimized their logistics using the power of real-time logistics visibility. This article aims to highlight the importance of a battle-tested pharma inventory management system. Here’s the story of how they made it happen!
The pharmasupplychain can be incredibly complex with new molecular entities taking as long as a decade to get to market. While the number of pharma companies currently involved in the space is modest, the long-term opportunities and health benefits are tremendous. Keep your supply cold; your money depends on it.
Cold Chain Temperature Management Matters. To ensure product quality, a temperature-controlled supplychain known as the cold chain was established to ensure temperature-sensitive products are monitored at every step of the process. The Battle for Air Cargo Capacity. “ Pharma is always the priority.
This was true more than a decade ago, when in a think tank I conducted with supplychain executives, a VP of Customs Compliance at a large pharmaceutical company expressed her frustration with the group: “You would never hire someone off the street to manage your finance operations.
Ensuring product quality when shipping pharmaceutical products is a matter of life or death. However, today as pharmaceutical companies struggle to balance the constant tug of war between cold chain cost-efficiency and reliability, these two technologies fall short and IoT comes into the picture.
Pharmaceuticalsupplychains demand end-to-end visibility The pharmaceutical industry is a huge global business with an intricate supplychain that demands visibility and transparency. The right in-transit visibility solution paves the way for better accountability across your entire supplychain ecosystem.
Pharma cold chain monitoring technologies have progressed in leaps and bounds and evolved from manual data collection to data loggers with automated logging but manual extraction, and from data loggers to Bluetooth devices when sync was wireless using a mobile phone.
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.
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.
Our salute to the best advancements in supplychain technology, processes and labor management from 2017. This is our annual salute to the best in people, processes and technology within the supplychain arena. This is our annual salute to the best in people, processes and technology within the supplychain arena.
A widely recognized leader in the global logistics industry, Neel was formerly SVP and Chief Cargo Officer at Delta Airlines and VP Sales and Marketing at United Airlines. Companies of all sizes—from emerging brands to Fortune 500s—use Flexport technology to optimize their supplychains, and deliver for customers anywhere in the world.
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.
Blockchain technology is a major disruptor in the supplychain. It stands to change the game as we know it by giving companies a better way to ensure traceability throughout vast supplychain networks. In order to properly disrupt the supplychain of today, you need to know everything there is to know about it.
India has a robust manufacturing sector, with typical products including textiles, chemicals, food, steel, transportation equipment, cement, mining, petrochemicals, machinery, software and pharmaceuticals. . SupplyChain Infrastructure for Manufacturing. However, its growth rate of 6.7% Agriculture in India makes up 15.5%
The exponentially growing complexity of the pharmaceuticalsupplychain has forced us to rethink the way we manage it and puts light on the complex process that it has become over the recent years, calling for a structural revamping and fundamental transformation to put things into perspective.
Subscribe to SupplyChain Game Changer. How Cold Chain Differs Between the Food and Pharmaceutical Industries! Refrigerated transport is a vital component of global supplychains. To further support how refrigerated transport is so valuable in a global supplychain, below are several more reasons: 1.
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. Looking at the TPPA economies, it appears that any growth in air cargo would come from the food and pharmaceuticals segments.
In a conversation beginning at the tail-end of a lecture and concluding on a patio overlooking the Western Wall in Jerusalem’s Old City, I spoke to Celine Hourcade, IATA’s Head of Cargo Transformation. For a couple of reasons but mostly because: Cargo is not the core revenue center of air carriers, passengers are.
Some examples include head-up displays for the automotive industry to enhance driver safety and easier IV injection delivery and viewing of a patient’s organs instead of viewing a static image on a screen for the pharmaceutical industry. Additionally, the shipping industry has also applied AR. Growth Boom of the AR Market. The Future of AR.
One of my teammates made the comment that essentially boiled down to, “they should be seen and not heard,” which started me thinking, strangely enough, about supplychain. When a supplychain is working at its best, the general population doesn’t see it and often has no concept of the complexities behind it.
The ultimate goal of any pharma company is patient well-being, which it cannot achieve without a tight, lean, and reliable pharma cold chain. When dealing with vaccines for epidemics like the Coronavirus, the pharma cold chain logistics must be planned to maintain a balance between the vaccine reaching safely and on time.
Not the Zip… “The Zip looks more like a plane, and it’s launched with a slingshot, delivering its cargo with a parachute before returning home. ” Rwanda is blazing the same path in pharmaceuticals and healthcare technology. Rwanda’s World-First with Nationwide Pharmaceutical Network.
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