Tue.Jul 23, 2024

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July 23, 2024 Update

Freightos

Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. More Resources Home July 23, 2024 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.

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Editor’s Choice: AI in Supply Chains: Which Data is ‘Just Right’ for Your Business?

Logistics Viewpoints

Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article comes from Greg Quirk, Product Marketing Manager at Kinaxis and looks at AI in supply chains. Data is the lifeblood of AI in the supply chain. Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dy

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The Rise of A.I. Is Not Like the Dotcom Bubble

Enterra Insights

Nearly three decades ago, the world experienced what became known as the dotcom bubble. Many of the start-ups that popped up during that time raised significant amounts of capital, spent it lavishly, and went bust. Economic sociologist Adam Hayes explains, “The dotcom bubble, also known as the Internet bubble, grew out of a combination of the presence of speculative or fad-based investing, the abundance of venture capital funding for startups, and the failure of dotcoms to turn a profit.

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Examples of Supply Chain Adjustments and Process Improvement Trends in Manufacturing

AIMMS

An example of a top strategic shift is adopting a more agile and iterative approach to supply chain optimization supported by technology.

Examples 156
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The 2025 Annual ProcureCon CPO Report

Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for

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Watch: Getting a Grip on Supply Chain Visibility

Supply Chain Brain

Abe Eshkenazi, chief executive officer of the Association for Supply Chain Management (ASCM), discusses the challenge of achieving true end-to-end visibility across global, multi-tier supply chains.

More Trending

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As Regulators Pause, Supply Chain Managers Move Forward with Climate Reporting

Supply Chain Brain

While the SEC’s recent rule remains tangled up in legal challenges, major corporations are moving forward with voluntary climate reporting through their supply chains.

Report 105
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Build a Rewarding Career in the IT Supply Chain

IT Supply Chain

When you graduated in IT, the supply chain might not have been your first thought.

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QAD Transform: 6 Reasons to Visit Brussels

QAD

QAD Transform Europe — our all new customer conference — is being held in the city of Brussels on 24-25 September 2024. Why Brussels, you might ask? There are several reasons for this. Firstly, the city has excellent transport links to and from just about everywhere. It takes less than two hours to reach Brussels by train from London, Paris, Amsterdam and Cologne.

Belgium 94
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Unlocking Efficiency: Generative AI’s role in building a cognitive supply chain

IT Supply Chain

By Rob Smithson (pictured) Business Applications Lead, Microsoft UK The post Unlocking Efficiency: Generative AI’s role in building a cognitive supply chain appeared first on IT Supply Chain.

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Enterprise ABM Marketing Tools: A Marketers Guide

Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. In this guide, we’ll cover: What makes for a successful ABM strategy? What are the key elements and capabilities of ABM that can make a real difference? How is AI changing workflows and driving functionality? This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.

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Lessons from korfball

Supply Chain Movement

My academic life is intertwined with the supply chain profession. I have done research covering the entire field, from strategic supply chain choices to detailed production planning. The world of korfball has largely dominated my private life; I have been a player and a coach, but mostly active as a committee member. This sport has its roots in the Netherlands, but is now played in more than 80 countries.

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Continued Labor Strike Actions at Samsung Electronics

Supply Chain Matters

Supply Chain Matters provides our industry supply chain readers with an update on the ongoing labor strike action occurring at Samsung Electronics. Background On July 9 th Supply Chain Matters alerted our readers to reports that production workers at Samsung Electronics had initiated a labor disruption strike action involving this company’s semiconductor production facilities in South Korea.

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AI-Driven Procurement Solutions Boost Supplier Risk Management

Exiger Perspectives

AI-Driven Procurement Solutions Boost Supplier Risk Management Gartner® Report Details the Tech Tools that Make an Impact Generative AI has transformed sourcing and procurement this year. Is your organization taking advantage of the latest use cases, including supplier risk management? There’s still time to ride the wave. “Generative AI is at the peak of its hype,” states the Gartner® report Hype Cycle for Procurement and Sourcing Solutions, 2024.

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Tackling Sustainability in the Fashion Industry: The Role of the Digital Product Passport

IT Supply Chain

By Lee Metters (pictured) Group Business Development Director, Domino Printing Sciences The post Tackling Sustainability in the Fashion Industry: The Role of the Digital Product Passport appeared first on IT Supply Chain.

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Brace for Impact. Unpredictable Tariff Disruptions Are Here––Your Playbook

Tariffs will have a major impact on your supply chain, margins, and operations. Drawing on our work with global companies across manufacturing, automotive, pharmaceuticals, semiconductors, software, technology, financial services, and a range of service industries, we outline the key strategic and tactical actions companies are taking to navigate this period of heightened uncertainty.

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FMCG ABCD Stock Holding: Fast Food Lessons

Enchange Supply Chain Consultancy

Do you want fries with that? People who work in fast food outlets – I really cannot bring myself to label them as restaurants – must have specific training in dealing with non-standard orders. Can you imagine the temptation to audibly groan when in a crowded outlet someone asks for a Muck Chicken Burger but without the usual mayo, salad and gherkiny stuff?

Food 241
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Let the Debate Begin. Gartner Ranks Top 25 Undergraduate and Graduate University Supply Chain Programs for 2024

Supply Chain Digest

University of Arkansas and University of Tennessee Top the Lists

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Augmented Reality for Yard Management Training

C3 Solutions

Technology has greatly improved logistics operations over the last decade. As speed is the new parameter for success now, companies realize the importance of the right training and enabling people to make decisions on the go. Hence, effective and innovative training solutions have become more critical as the industry evolves.

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My Office Apps Celebrates 10th Anniversary of Innovation

My Office Apps

My Office Apps Celebrates 10 Years of Innovation IRVINE, Calif. , July 23, 2024 /PRNewswire/ — We are thrilled to share with you a significant milestone in our journey – the celebration of our 10th anniversary since the establishment of My Office Apps. A decade ago, we set out to provide scalable ERP solutions tailored for Small and Medium Sized businesses (SMBs).

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4 AI Hacks to Make Sales Teams More Efficient

Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. The reason for its rise? AI increases teams’ productivity by predicting and automating actions that require manual effort. In other words, the research that takes reps hours, AI can do in seconds. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data.

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Workers Who Reported Abuse from Essential Oil Supplier Say They've Faced Retribution

Supply Chain Brain

Women who sorted resin for the Somaliland supplier claimed that they would work 12-hour days, six days a week, in facilities with no toilets or running water.

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Streamlining Shipment Requests: Simplifying Shipper Management for Enterprise Customers

Loginext

Learn how integrating a shipper management system can simplify operations, reduce errors, and enhance customer satisfaction. Explore the benefits of automating shipping costs, special handling fees, location fees, and more. The post Streamlining Shipment Requests: Simplifying Shipper Management for Enterprise Customers appeared first on loginextsolutions.com.

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Southwest Airlines Faces FAA Audit Over Safety Incidents

Supply Chain Brain

The move underscores the heightened attention on airline safety this year, with headline-grabbing incidents from multiple carriers.

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Change Management – Five Steps to Achieve User Adoption

Bristlecone

Five Steps to Achieve User Adoption Download White Paper The post Change Management – Five Steps to Achieve User Adoption appeared first on Bristlecone.

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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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'Huge Opportunity' for Last Mile, Drayage Fleets in Transition to EVs

Supply Chain Brain

Telematics company Geotab tracked an 81% increase in EV adoption among U.S. commercial fleets between 2022 and 2023.

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Christmas in July: Logistics Planning Today for 2024 Holiday Rush

MercuryGate

As we adapt to the evolving demands of the holiday season, staying ahead of last-mile delivery trends prepares logistics managers for immediate challenges and sets a foundation for long-term success. The post Christmas in July: Logistics Planning Today for 2024 Holiday Rush appeared first on MercuryGate International.

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Grocery Chain Kroger to Ramp Up Automation at Distribution Centers

Supply Chain Brain

Kroger plans to use Ocado's robotic picking arms to move groceries off of nearby shelves into bags for online customer orders.

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4 Best Inventory Control Software for 2024

Unleashed

Inventory control software is a pivotal tool for managing stock levels efficiently. It helps streamline the process of tracking, ordering, and distributing inventory to bring your carrying costs down and improve productivity. However, every business has unique needs. It’s essential to carefully assess your requirements and explore various software solutions to find the most suitable option for your specific business requirements.

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How to Create Sales Email Sequences That Convert

Modern go-to-market teams know it takes more than one email to break through the noise. Multiple touchpoints means more ways to get your pitch right — and, potentially, more ways to be wrong. The good news? Once you know how to write compelling, one-off emails to entice prospective customers, you can easily do the same across a short sequence of emails.

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ASCM Announces New Supplier Relationship Management Certificate Program

Supply Chain Digest

20 Hour Course and Exam Cover a Lot of Ground

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A Guide to Shipping Containers to Europe

I.C.E. Transport

Europe is a varied, vibrant region with high demand for all kinds of goods produced in the U.S., making it a natural choice for companies looking to expand and become an exporter. According to the U.S. Trade Representative, U.S. goods exported to European Union (EU) countries alone totaled $368.6 billion in 2023, up 5% from $350.8 billion in 2022.

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Market for Large Warehouse Space Rallies On

Supply Chain Digest

New Research from CBRE Finds Demand for Megawarehouses Jumped in 1H 2024