Thu.Apr 18, 2024

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How AI Transforms Trade Classification and Compliance

Supply Chain Brain

The trading world is a perfect candidate for artificial intelligence-based tools and capabilities, to enhance the quality and productivity of classification and compliance.

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Food companies aren’t ready to comply with traceability rule, says former FDA official

Supply Chain Dive

Through the new rule, the agency wants to access “receiving records” from supply chain players that verify foods have been received.

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Scope 3 Emissions Reporting: Under the Spotlight for All Businesses

Supply Chain Brain

Emissions reduction isn't only a business imperative — it's an environmental necessity. Scope 3 reporting motivates the business world to generate impactful change.

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Playing the “China Card” in U.S. Ports

Art of Procurement

When I think about global trade, I think about massive container ships, trains and trucks waiting to take containers to. The post Playing the “China Card” in U.S. Ports appeared first on Art of Procurement.

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How a Global CPG Leader Optimized $500M of Direct Materials Spend and Exceeded Savings Goal

A Fortune 500 CPG company partnered with GEP to improve end-to-end category management, optimize direct spend categories, and increase strategic focus on tail spend. GEP’s sourcing expertise and market intelligence enabled the company to centralize sourcing and order management processes, strengthen key supplier relationships, and enhance supply chain resilience and agility.

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Watch: Community, Cohort, Connection: What's Needed in Supply Chain Marketing

Supply Chain Brain

A preview of the second annual Global Supply Chain Marketing Summit, to be held June 5-7, 2024 at the Ritz-Carlton on Amelia Island, Florida, with original cohort member Lisa Beck, director of marketing and business development with Ortec.

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Getting ready for artificial general intelligence with examples

IBM Supply Chain Blog

Imagine a world where machines aren’t confined to pre-programmed tasks but operate with human-like autonomy and competence. A world where computer minds pilot self-driving cars, delve into complex scientific research, provide personalized customer service and even explore the unknown. This is the potential of artificial general intelligence (AGI), a hypothetical technology that may be poised to revolutionize nearly every aspect of human life and work.

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Podcast | Thinking Beyond Cost: New Executive Priorities for Supply Chains

Supply Chain Brain

When it comes to setting priorities for managing the modern-day supply chain, executives can’t have it all.

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Ford, GM, Honda collaborate on standardized Scope 3 emissions reporting

Supply Chain Dive

A new supplier questionnaire can streamline how suppliers report on climate goals and consumption.

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Geely to Sell $1.32 Billion of Volvo Truck Shares

Supply Chain Brain

Geely said the divestment is “in accordance with its long-term strategy” and that it will remain Volvo’s second-largest investor.

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Federal FLOW program welcomes more members

Supply Chain Dive

ITS Logistics and RoadEx America joined the Department of Transportation initiative to better share data across supply chains.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Procurement 6 – April 19th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – April 19th, 2024 appeared first on Art of Procurement.

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Probable Root Cause: Accelerating incident remediation with causal AI 

IBM Supply Chain Blog

It has been proven time and time again that a business application’s outages are very costly. The estimated cost of an average downtime can run USD 50,000 to 500,000 per hour , and more as businesses are actively moving to digitization. The complexity of applications is growing as well, so Site Reliability Engineers (SREs) require hours—and sometimes days—to identify and resolve problems.

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Replenishment Strategies for FBA: Avoid Amazon’s Low Inventory Fees

Finale Inventory

Selling on Amazon is a whole new world beyond selling on your webstore. There’s a lot involved in sustaining continuous sales on Amazon beyond just having products listed on the world’s largest marketplace. To set your Amazon business up for success, one of the main areas to focus on is inventory: the flow, the costs, the timing of it all.

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Boeing Sharply Criticized at Two Senate Committee Hearings

Supply Chain Brain

One witness said there was a disconnect between Boeing management's words about safety and what workers observe on the factory floor.

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7 Leadership Themes for Procurement & Supply Chain Leaders in 2024

Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends? In this recap of a recent GEP-WBR webinar, 7 Leadership Themes for Procurement & Supply Chain Leaders in 2024, GEP’s Pramod Sethumadhavan explores seven vital leadership trends that will help guide procurement and supply chain decision-makers.

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Abby Baird on Supply Chain as a Force for Positive Change

Let's Talk Supply Chain

2024 is flying—Q2 is here. It’s been a wild ride already, navigating continued inflation and escalating geopolitical tensions while keeping track of the latest global partnerships and mergers rocking market dynamics. Sound familiar? The global economy has been through a battery of shocks since we’ve made it to the other side of the Covid pandemic. The continuing conflict in Gaza with dire humanitarian implications is an ongoing supply chain disruptor and rising economic threat.

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Alaska Air Profit Forecast Signals Rebound From Max Woes

Supply Chain Brain

Alaska shares gained 5% in New York after earlier rising as much as 7.1%, the most in more than two years.

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Bellwether Logistics Company J.B. Hunt Sees Dip in Profit, Revenue in Q1 2024

Supply Chain Brain

The company posted a $127.5 million profit in the opening months of the year, down from nearly $200 million in Q1 of 2023.