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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”.
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.
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.
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.
When new industrial technology emerges, it is large companies that implement them first. There is a lag before smaller companies begin to implement the technology. The Fleet Feet SupplyChain The goal for the Carrboro, NorthCarolina-headquartered retailer is to make each store a hub for the local running community that it serves.
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?
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?
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.
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.
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.
The IoT, along with artificial intelligence, machine learning and cloud technology, has been one of the most important trends in high-tech over the past couple years. The Rise of 5G Technology. The rise of 5G technology is the first advance we will talk about. Edge Computing. Smart Stores. Smart Cities.
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.
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.
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?”
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. 5 SupplyChain Predictions for 2023 ; Dr. Madhav Durbha ( Coupa Software ) So much has changed in a year!
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. In my opinion, Fabric’s technology is and has been central to its value proposition.
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.
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. Today, I want to look at last mile drones and what the future holds.
Courtney is currently the President of Manifest, a new generation event with logistics technology at the center. Courtney is currently the President of Manifest, a new generation event with logistics technology at the center. Connectiv is a live events studio that focuses on technology and how it transforms and evolves industries.
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.
The dramatic spread of COVID-19 has disrupted lives, livelihoods, communities and businesses worldwide and created supplychain heroes across the globe. Berry shifted its capacity to the supply of healthcare materials including surface disinfectant wipes and facemasks. [ [link] ] Bodybuilding.com. You are our heroes.
Prior to starting the company, Mike spent several years in the supplychain industry where he was Vice President of Carrier Operations for Hudson, Ohio–based Caliber Logistics (now known as FedEx SupplyChain Services). At Jarrett, the philosophy is that supplychain partners should have no limits.
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.”.
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 in the news: War in Ukraine disrupts ships around the globe. US goods trade deficit hits record high.
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.
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.
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.
by Melissa Clow This guest post comes to us from Jim Fulcher , Blogger on the SupplyChain Expert Community. jointly develop technologies for electric vehicles, jointly develop connected-car technology, collaborate on advanced safety technologies, and expand complementary products. billion U.S.
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]
Smart Manufacturing has been making a lot of noise in the manufacturing industry, mostly due to how automation can greatly improve manufacturing operations through enhanced productivity. It is basically a term highlighting the different technologies used in manufacturing to make the processes more efficient and more effective.
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.
Domestic Package, International Package, and SupplyChain and Freight. Old Dominion is based in Thomasville, NorthCarolina. The company has five primary product groups: OD-Domestic, OD-Expedited, OD-People, OD-Global and OD-Technology. UPS Freight is a business segment of United Parcel Service, Inc. had $54.1B
NorthCarolina State Poole College of Management recently produced this 28 page report entitled “ 2019 SupplyChain Data Quality and Governance Study ”. Source: 2019 SupplyChain Data Quality and Governance Study. Source: 2019 SupplyChain Data Quality and Governance Study. But it’s not easy.
by Alexa Cheater We’re delighted to be bringing you a great live discussion on successful supplychain transformation based on Avaya’s first-hand experience. Join us on Thursday, April 30 at 1pm EST (5pm UTC) for “SupplyChain Transformation: Avaya’s Journey.”. VP and Group Director, SupplyChain and Operations.
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]
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