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Technology is bringing to life the ability to accomplish feats that would have seemed science fiction when many of us were children — like driverless cars and virtual reality. We likely have conversations with bots without even realizing we aren’t chatting with an actual person. These are exciting and important advancements, but if those of us positioned to shape and affect the implementation of technology don’t use it to address some timeless human challenges, we ignore much of the
Remember iPods? Not that long ago, they were the only way people listened to music, peaking at 23 million units sold in Q1 2009. Six years later, that number had dropped to zero. The one-two punch of phones in our pocket and streaming music created a superior option. We never looked back. The annual fixed-price contract is the current go-to for ocean freight procurement.
Everyone’s talking about the potential and promise of blockchain and other bleeding edge tech tools for “supply chain digitization”. Yet, many logistics and transportation pros are asking why, in practical terms, they should explore and embrace blockchain technologies ahead of more pressing and less esoteric logistics IT initiatives. Supply chain digitization is a killer use case for blockchain and it is coming to supply chain management.
If You Drive a Truck, Watch Out for These Health Threats. These days, Americans are taking their health and well-being more seriously than ever. The health of individuals varies depending on their lifestyle, so they have different requirements and risks. A trucker, for instance, has very specific health issues to watch out for. Learn more about some of the common illnesses of truckers, and how you can combat each one.
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
by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced. This isn’t because the ERP system is flawed. Further investigation reveals that external forces—controllable forces—exert influence upon the system, skewing data to a point at which it becomes unrelia
For consumers e-commerce is increasingly the preferred method for shopping. Younger shoppers already embrace it and more frequently older shoppers are as well. As e-commerce continues to grow, companies need to adjust their approaches in order to win customer loyalty. According to Nasdaq, by 2040, 95% of purchases will be facilitated through e-commerce.
For consumers e-commerce is increasingly the preferred method for shopping. Younger shoppers already embrace it and more frequently older shoppers are as well. As e-commerce continues to grow, companies need to adjust their approaches in order to win customer loyalty. According to Nasdaq, by 2040, 95% of purchases will be facilitated through e-commerce.
When a business finds itself in a declining market, failing to stay in lock step with customer demand poses an existential threat. Trends and other market forces that impact commercial opportunities need to appear on the planning radar. Therefore, traditional push-driven supply chains are wholly unfit for this situation. Fine paper is an example of an industry whose total addressable market has been shrinking for decades and looks set to continue (see figure).
The Internet of Things (IoT) is changing the way the world thinks about food. Consumers now have the option of. The post The Future of Food: 6 Ways IoT is Impacting Food Supply Chains appeared first on The Network Effect.
by Harish Iyer. In adidas’s recent earnings call, CEO Kasper Rorsted warned that adidas would miss its 2019 growth target because its supply chain was unable to meet the huge demand for its mid-priced apparel, especially in North America. adidas expected this to result in a one to two percentage point drop in its revenue growth, translating to a drop in revenue between €100 and €200 million.
The use of barcodes in the supply chain is nothing new. First-generation barcodes (1D barcodes) gave supply chain managers the ability to track stock keeping units (SKUs) and shipment information. Unfortunately, the use of 1D barcodes in warehouse management has grown somewhat inefficient in the modern age, especially considering the rise of e-commerce.
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More than ever, shippers today are feeling the pressure from both customers and carriers. While we live in an age where same-day delivery and free shipping have become customer expectations, we also live in an age where dimensional weighting and quarterly accessorial increases have become a reality from the carrier. Although this may seem like a losing battle, there is hope.
What’s the Big Deal? Drones are classified as “a UAV (unmanned aerial vehicle) which typically refers to a pilotless aircraft that operates through a combination of technologies, including computer vision, artificial intelligence, object avoidance tech, and others.” Their flexibility to perform virtually any report or inspection and easily collect and share data has allowed them […].
by Harish Iyer One of the scary supply chain campfire stories I like to tell is of the CEO who stands in front of Wall Street to explain a revenue miss due to lack of visibility into the inner workings of its supply chain. A real-life version of which was recently lived by adidas. During its annual earnings call, adidas CEO Kasper Rorsted explained to investors that the company’s slow sales growth in North America was attributed to supply issues as the company expands from high-end product
Numerous studies have concluded nearly half of all Internet of Things (IoT) projects end in failure. Unless you are playing baseball, batting less than.500 is not great. The failure rate demonstrates the IoT remains in its infancy and implementing it correctly remains difficult. A couple of years ago, a Cisco study concluded, “The top five challenges across all stages of an IoT implementation included time to completion, limited internal expertise, quality of data, integration across teams
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
The pace of change in today’s retail environment is faster than ever. E-commerce and shifting, more demanding consumer behaviors have led retailers to tighten requirements for shippers across the board. Penalties for late or partial shipments are steep and can make or break a shipper’s relationship with a retailer. Shippers can mitigate this challenge with a retail consolidation program.
The final mile of delivery is said to be the most expensive portion of the equation. BI Intelligence equates the share of the total cost of shipping for the last mile at 53 percent of delivery costs overall. It is costly because it has a larger human element than the other segments of transportation with drivers […]. The post The High Costs of Final-Mile Delivery appeared first on Kuebix.
Your company has gone from idea to prototype to the precipice of production. In short, your new product is getting ready to be introduced to the world. Congratulations!
This week the mic is pointed at you, the listeners, as we open up another mail bag filled with your questions. This week you'll learn why your CFO needs to be on top of freight accruals, how IoT is changing supply chains, and what a supply chain benchmark is.
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.
The automotive manufacturing supply chain has become almost too massive to manage, leaving manufacturers and suppliers with the challenge of finding qualified workers with the skills to identify and prevent quality risks.
The award recognizes influential individuals whose achievements, hard work and vision have shaped our industry and attained milestones in safety, efficiency, productivity and innovation through the global food supply chain. From early pioneers and entrepreneurs to non-conformist thinkers and executive standouts, this award aims to honor remarkable leaders and their contributions.
Children have been singing about Old MacDonald and his farm for the last century. A lot has changed on the farm over those 100 or so years. Jayson Lusk ( @JaysonLusk ), Head of the Agricultural Economics Department at Purdue University, reports, “In 1900, just under 40 percent of the total US population lived on farms, and 60 percent lived in rural areas.
Niels Hoogkamer, Marketing Manager Nordics, Ivalua. In order to understand the evolution of supplier networks you need to have a rudimentary understanding of the Network economy. It is the basic principle that in today’s global business environment value is added across an entire supply chain in which information sharing and information technology plays a major role.
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.
The pace of change in today’s retail environment is faster than ever. E-commerce and shifting, more demanding consumer behaviors have led retailers to tighten requirements for shippers across the board. Penalties for late or partial shipments are steep and can make or break a shipper’s relationship with a retailer. Shippers can mitigate this challenge with a retail consolidation program.
The interconnected nature of supply chains isn’t unique to the metals industry. As manufacturing processes becoming increasingly complex and spread out around the world, more companies will have to navigate the risk of a disruption from cyber attacks.
Most people are aware blockchain technology originated in the finance sector as cryptocurrencies (e.g., Bitcoin) unfettered by government regulation. Although the irrational enthusiasm for cryptocurrencies has cooled, enthusiasm for blockchain technology has not. Vishnu Rajamanickam ( @vishnucr92 ) notes, “[Blockchain technology] has expanded dramatically … with use cases being identified across a myriad of segments including finance, energy, supply chain and defense.”[1] Nowhe
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.
Just as rates were about to turn around, they took another hit last week. Extreme weather closed highways and forced cancellations and delays. A huge snowstorm in Denver last week closed three interstate highways: I-25, I-70 and I-76. In Nebraska, snow followed by rain led to “historic flooding” that shut down traffic on I-80. The highways are open now, but there are still flood warnings in six states: Nebraska, parts of neighboring South Dakota, Iowa, and Minnesota, plus eastern Ari
When most people hear the term “gathering intelligence,” they think of fictional spies like James Bond or George Smiley or about spy agencies like the CIA or MI6. In business circles, gathering intelligence is generally a bit less sinister. Business Intelligence (BI) means gathering necessary information to make informed decisions. Gartner defines the term this way: “Business intelligence is an umbrella term that includes the applications, infrastructure and tools, and best pra
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