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SupplyChain & Logistics News Round-Up (October 7th – 11th) This past week, I’ve been playing tourist in London, one of my favorite cities in Europe. In the context of supplychains, I found the exhibit fascinating and saw that the obsession with foreign objects has persisted throughout history.
Over the past three decades, three technological shifts have transformed the fashion industry. First, in the early 2000s, advancements in data analytics, RFID, and localized supplychains fueled the rise of “fast fashion.” Now Let’s Get to The SupplyChain & Logistics News for the Week!
This ambitious initiative is set to transform various aspects of the supplychain, from manufacturing and job creation to research and development, infrastructure upgrades, and sustainability efforts. Long-Term Impact on the SupplyChain Apples $500 billion investment is poised to have a lasting impact on the supplychain landscape.
Malcolm McLean, a trucker from NorthCarolina, was tired of waiting. He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supplychains. The myth of the “perfect plan”. The myth of the “perfect plan”.
Often times at Logistics Viewpoints, we like to look to the future and highlight the key trends that we see in a given market, or make predictions about what technologies will emerge as game changers in the new year. It was a good mix of topics and authors, including a good number from our Logistics Viewpoints sponsors.
According to a survey of 250 global companies by the consulting firm McKinsey, 91% of shippers and 75% of logistics service providers have implemented a warehouse management system. When new industrial technology emerges, it is large companies that implement them first. Fleet Feet is a smaller company.
It’s graduation season, so the hunt for critical supplychain talent is more vigorous than ever. We may be known for ensuring we can make and move “stuff,” but ultimately supplychains are human. So as you prepare to onboard new supplychain talent, are you ready to answer the questions they will have?
I work in supplychain. If I had done due diligence, I’d have seen the warnings – the retailer had pretty pictures on their website, but their supplychain failed them, creating an eleven-month saga and unhappy customer. The failure was in supplychain orchestration – connecting planning to execution.
The frontier of AI strengths Recognizing this challenge, last fall leading academics from Harvard Business School, Wharton, MIT and the Boston Consulting Group (BCG) published an illuminating paper, which they artfully named “ Navigating the Jagged Technological Frontier.” AI is a tool in human hands.
During the summers when I lived in Atlanta, I would pack my bikes on top of the car and head to this wonderful, and what was then a remote beach on the Outer Banks of NorthCarolina. Software Survival in Battered Seas? This buying spree followed a decade of seven software purchases. Rodanthe is one of my favorite beaches.
And now to this week’s logistics news…. Nike Earnings Reflect SupplyChain Disruption Complexities. Charleys Philly Steaks announced it has partnered with Flytrex to deliver freshly-made grilled cheesesteaks via drone in Durham, NorthCarolina. Philly Cheesesteak Delivered by Drone?
Getting started with AI in supplychain might not start where you think. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supplychain and your data. Since this advice on getting started with AI in supplychain may seem counterintuitive, let me explain.
In a survey of 150 global manufacturing executives, 47% committed to improving supplychain visibility and tracking. According to the Global SupplyChain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. What is supplychain visibility?
Vaccinating the SupplyChain with Andrew Kelley. Andrew Kelley and Joe Lynch discuss vaccinating the supplychain. Andrew is an experienced technology executive and entrepreneur with over 20 years of experience in supplychain, logistics, SaaS, software, and technology-enabled services businesses.
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supplychain leaders to reconsider supplychain inventory practices. Because switching from JIT to JIC is at best only a tool to address short-term problems and risk. Why tell this story?
Few organizations are immune to the effects, which are acutely felt in supplychains — and the more complex they are, the greater the probability of interruptions. The study found that these leaders considered the largest gap to be between supplychain and procurement, citing it as a major issue. Collaboration is Key.
Having an effective supplychain practice has always been a difficult balancing act, even in relatively stable times. The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supplychain and procurement operations. Gap between supplychain and procurement.
This description by a Chief SupplyChain Officer of the state of the supplychain he found in his new role stuck with me. Unlike a supplychain, these steps rely on no disruption to their execution. While there is endless speculation, from my reading two supplychain-specific opportunities intrigued me.
Mike Jarrett and Joe Lynch discuss success in retail logistics. Mike is the Founder of Jarrett , a leading 3PL providing transportation and logistics solutions. As a leading multimodal 3PL, Jarrett provides transportation, logistics, warehousing, and fleet services for customers throughout North America.
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. The human links of the supplychain were stressed. These ports accounted for 18.3%
Wishing your supplychain were strengthened rather than strangled under these conditions? There’s an older term now being applied to supplychains for this capacity: antifragility. As much as we conflate digital transformation with technology, without these missing ingredients your initiative will fail.
For supplychains to get more use from their models, we need to “trust the box;” recognize that models are not the holy grail; and remember that a forecast is an input into making better decisions, not an end in and of itself. Select software that incorporates these features. So why don’t planners “trust the box?”
The future of supplychain I foresee brings new risks and challenges, along with recognition that doing things the same way will no longer lead to the same success. Just as the saguaro is both nursed by and supports life in its ecosystem, it behooves supplychains to invest in their ecosystems, both suppliers and employees.
And now on to this week’s logistics news. Walmart steps up automated store distribution. Cyberattack on Toyota’s supplychain shuts 14 Japanese factories. E2open acquires Logistyx Technologies. Xerox addresses $300m backlog due to supply shortages. Ukraine invasion and the semi-conductor chip impact.
Courtney is currently the President of Manifest, a new generation event with logisticstechnology at the center. Courtney is currently the President of Manifest, a new generation event with logisticstechnology at the center. Courtney is a graduate of the University of NorthCarolina at Chapel Hill.
Courtney Muller and Joe Lynch discuss reflections on Manifest , the premiere conference that unites the entire eco-system of Fortune 500 global supplychain executives, logistics service providers, innovators and investors at the forefront of logistics tech and supplychain.
One of the most difficult and expensive aspects of the supplychain is last mile and home delivery. The use of last mile drones is still challenging for a variety of reasons including FAA regulations, public perception, and the technology itself. The post The Race for Last Mile Drones appeared first on Logistics Viewpoints.
by Ilyas Kucukcay The concept of a drone was not something we gave much thought too just a few years ago—except for the applications of the military-related operations, much less drones in supplychains as product delivery mechanisms. Meet the dazzling drones of the supplychain near future. Benefits of drone delivery.
He has leadership and P&L responsibility for XPO’s asset-light North American truck brokerage business and complementary brokered services of managed transportation, last mile logistics and global freight forwarding. The corporate headquarters will be in Charlotte, NorthCarolina. Cutting-edge technology.”.
As supplychains evolve, the need for secure asset transfer increases for both consumers and business to business applications. Andrew has an MBA from Harvard Business School, a Masters in Science in Mechanical Engineering from the Massachusetts Institute of Technology, and a Bachelor of Science from NorthCarolina State University.
Do we even need supplychain planners, or can we turn out the lights and go home, because we now live in a world of autonomous planning? According to the MHI Industry Annual Report , AI and machine learning adoption in supplychains is only 12% today, but the curve is expected to rise rapidly to 60% within five years.
GEP and the NorthCarolina State University (NCSU) SupplyChain Resource Cooperative surveyed supplychain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supplychain resilience and optimization.
NorthCarolina has once again been recognized as the “Best State for Business” by CNBC. And factors related to logistics in NorthCarolina remain a big reason. CNBC Best State for Business NorthCarolina continues to rack up the ‘best state’ awards.
SupplyChains in VUCA Environments with Jim Tompkins. Jim Tompkins and Joe Lynch talk about SupplyChains in VUCA Environments. Jim is the Founder and Chairman of Tompkins International, a company that helps clients achieve supplychain excellence and profitable growth. About James Tompkins. Dr. James A.
Andrew Kelley is a global technology executive focused on logistics and supplychainsoftware. Overall, he has executed $30B of combined M&A and investments mostly with UBS Investment Bank’s Technology, Media & Telecom group. I’ve also driven for the NorthCarolina Department of Transportation. [2:17]
The other operating units are: Menlo Worldwide Logistics and Con-Way Truckload. Domestic Package, International Package, and SupplyChain and Freight. Old Dominion is based in Thomasville, NorthCarolina. The post The 5 Largest LTL Carriers appeared first on The Logistics of Logistics. had $54.1B
We salute the year’s top advancements in supplychaintechnology 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.
The logistics industry is changing fast. On today’s episode of The Logistics of Logistics Podcast, host Joe Lynch sits down with Courtney Muller. Connectiv produces world-class industry leading events that focus on disruptive technology. The Future of Logistics with Courtney Muller. What is the future of logistics?
Disruption is generally anathema in supplychain circles. 2] That may be true; nevertheless, Luigi De Bernardini ( @ldebernardini ), CEO of Autoware, asserts, “Digitalization is impacting and probably disrupting the supplychain — or at least the traditional concept we have for supplychain.”[3]
is bringing a piece of its supply-chain operations in-house as the company reviews broader operations and management of its distribution.” an arm of XPO Logistics Inc.—into But the nature of logistics outsourcing is changing. As reported last week in the Wall Street Journal , “Ralph Lauren Corp.
That’s how Rick Gemereth, CIO at Lionel Racing , set the stage for describing his company’s omni-channel strategy and journey in a video interview I conducted with him a few weeks ago at the Descartes’ Evolution 2016 conference (Descartes is a Talking Logistics sponsor). a 116 year old company known for its model trains and railroad sets.
I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Here is what I expect to see next year: Global supplychain footprints will continue to expand.
Supplychains have been around since humankind first began trading goods millennia ago. The global economy was built on the shoulders of trade and the legs of supplychains. Yet, the supplychain industry has been accused of being slow to adapt to changing circumstances. Logistics in the Digital Age.
Transportation and logistics services provider FedEx announced this week that it has decided to spin off its FedEx Freight business unit. They will also maintain the strategic advantages of cooperation on key commercial, operational, and technology initiatives.
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