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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4 Ways To Drive Supply Chain Excellence in the Food Industry

The Supplier Relationship Management Playbook is your guide to building effective supplier partnerships that drive supply chain excellence. This playbook equips supply chain professionals with strategies for managing compliance, tracking performance, and fostering collaboration to reduce supply chain risks. Inside, you’ll find: Strategies for Compliance: Best practices to help meet regulatory standards.

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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.

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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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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.

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How To Avoid And Reduce Machine Downtime

SCMDOJO

Machine downtime is a thorn in the side of your business, and it unfortunately happens more than you think. Did you know that over 83% of businesses experienced unplanned downtime in the last year? Machine downtime inconveniently halts production, causes stress, and can be avoided with proper planning. Keep reading as we discuss how you can avoid and reduce machine downtime to ensure no unexpected and stressful hiccups in your manufacturing process.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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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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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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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?

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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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How to Master Product Portfolio Management

Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.

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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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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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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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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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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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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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11 KPIs for Measuring Innovation Success

Measuring innovation success is critical yet challenging for organizations, often leading to confusion over which KPIs to use. Many rely on inappropriate metrics borrowed from other departments, wasting resources and overlooking valuable opportunities. This guide outlines why innovation metrics are hard to track and offers a framework for creating effective KPIs.

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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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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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Market for Large Warehouse Space Rallies On

Supply Chain Digest

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