Mon.Nov 27, 2023

article thumbnail

Should I Electrify My Forklift Fleet? 5 Factors to Consider

All Things Supply Chain

With eco-friendly operations becoming more popular, many companies are considering a switch to electric-powered fleets. In fact, Statista projects that 60% of forklifts sold worldwide in 2030 will be electric.

Logistics 179
article thumbnail

How can Procurement be used to Improve Compliance?

ProcurePort

Procurement as a Compliance Driver: Thorough vendor due diligence is essential, encompassing financial stability, adherence to labor laws, environmental practices, and ethical conduct. Proactively including compliance requirements in contracts ensures clarity, with regular audits facilitating continuous improvement and maintaining a compliant supply chain.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Compliance Risks Favor Large Global Apparel Retailers

SCMR (Supply Chain Management Review)

Companies across sectors are increasingly shifting manufacturing away from China in an effort to reduce vulnerability and exposure to rising labor costs. Research from Moody’s finds that large global apparel companies may fare the best when diversifying.

Risk 113
article thumbnail

White House creates cabinet-level supply chain council

Supply Chain Dive

After years of focusing on supply chains’ role in the economy, President Joe Biden is expanding high-level meetings on the topic.

article thumbnail

Rethinking Direct Materials Sourcing: The Tools You Need To Manage Costs, Risks and Sustainability

Direct materials sourcing is evolving, with procurement now tasked not only with cost efficiency but managing sustainability and risk management. The environment is marked by heightened demand and expectations, compounded by challenges such as rising input prices, supply chain disruptions and geopolitical tensions. While some embrace cutting-edge tools like AI and blockchain for global trade functions, others lag in technology adoption.

article thumbnail

Quantifying Scope 3 Emissions Creates a Roadmap for Business Longevity

Supply Chain Brain

Without visibility into Scope 3 emissions, companies lack the data to fully account for and demonstrate their carbon impact and risk to investors and partners.

Risk 109
article thumbnail

377: How AI is Improving Supply Chain Sustainability, with Dyci Sfregola and Hope White

Let's Talk Supply Chain

 It’s been a while since we brought you an episode of Thoughts and Coffee on Let’s Talk Supply Chain, but this recent episode was too good not to share. Because it was hosted by, not one, but two of our super talented live show hosts. Dyci Sfregola, host of Action Items, and Hope White, host of No Bullshipping, sat down to discuss how AI is changing the game when it comes to supply chain sustainability.

More Trending

article thumbnail

Southern Glazer’s Wine and Spirits to deploy warehouse automation from Symbotic

Supply Chain Dive

The alcohol distributor expects the upgrades to improve fill rates, order accuracy and increase capacity of its existing facilities.

109
109
article thumbnail

Watch: It's a Great Time to Be a Logistics Service Provider

Supply Chain Brain

Logistics service providers are armed with expertise, data, technology and C-level executives who will listen to them, says Mike Riegler of One Network Enterprises.

article thumbnail

Labor’s resurgence cannot be overlooked in procurement strategies

Supply Chain Dive

Here are five workforce-related issues procurement teams should consider when analyzing their supply chains.

article thumbnail

The Panama Canal Is So Backed Up Ships Are Rerouting Through the Suez

Supply Chain Brain

It’s unlikely that the Panama canal will be able to increase traffic until the rainy season starts in mid-2024, according to experts.

109
109
article thumbnail

Supply Chain Orchestration: A New Era in Supply Chain Management

When the only certainty is uncertainty, what does that mean for today’s supply chain management approaches? This eBook delves into how supply chain orchestration can help businesses unlock agility, transparency, intelligence, and trust across their end-to-end supply chain.

article thumbnail

PayEm: Vendor Analysis — Procure-to-Pay solution overview, roadmap, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis provides an overview of PayEm and its Intake-to-Pay (I2P) solution. PayEm is a relatively new vendor in the market. Since the introduction of its product in 2020, though, it has experienced rapid growth and garnered a substantial customer base that primarily consists of the middle market. The vendor specializes in intake and user configurable workflow creation, enabling customers to capture spend at the point in which employees incur spend.

article thumbnail

Dealfeng Rotor Sail Installation Completed on Oil Tanker

Supply Chain Brain

The companies say a vessel using the rotor sails can achieve a reduction of around 8% of fuel and GHG emissions, while maintaining speed and travel time.

97
article thumbnail

BMW supplier plans $500M South Carolina facility expansion

Supply Chain Dive

ZF Group's investment will upgrade the transmission plant's equipment to keep pace with the automakers' EV plans.

article thumbnail

ONE Launches West India-North America Service to Enhance Connectivity in India

Supply Chain Brain

The ocean carrier said the new service will be conducted via a fleet of nine vessels, all of which are operated by ONE.

97
article thumbnail

GEP Outlook Report 2024

Procurement and supply chain leaders have faced their share of disruption and economic turmoil these past four years. Whether from geopolitical tensions or the havoc caused by the pandemic and its aftershocks, plenty of challenges remain. Despite this, leaders are seeing a glimmer of light at the end of the tunnel — inflation is decreasing, interest rates are leveling off and supply chain volatility is easing.

article thumbnail

IBM watsonx AI and data platform, security solutions and consulting services for generative AI to be showcased at AWS re:Invent

IBM Supply Chain Blog

According to a Gartner® report , “By 2026, more than 80% of enterprises will have used generative AI APIs or models, and/or deployed GenAI-enabled applications in production environments, up from less than 5% in 2023.”* However, to be successful they need the flexibility to run it on their existing cloud environments. That’s why we continue expanding the IBM and AWS collaboration, providing clients flexibility to build and govern their AI projects using the watsonx AI and

Data 78
article thumbnail

We’re attending Public Procurement and Purchasing Innovations Conference 2024

Positive Purchasing

Public Sector: The Future Starts Here Kick-start 2024 with the year’s largest public sector gathering! The Public Procurement and Purchasing Innovations Conference is the must-attend event for those steering, developing, and optimizing public services. It is expected to attract over 4000 visitors, over 2000 delegates, over 250 exhibitors and over 250 speakers!

article thumbnail

How to Save Your Supply Chain Project from Failure

Supply Chain Brain

Why do supply chain projects often fail?

article thumbnail

Convincing Gen Z To Choose Procurement

Una

Convincing Gen Z to Choose Procurement Learn how to capture the attention of Gen Z and convince them that procurement is a career that aligns with their values and aspirations. By Hugo Britt | November 28, 2023 Search Search Gen Z currently makes up almost one-third of the world’s population and will account for 27% of the workforce by 2025 – but are they interested in joining your procurement team?

article thumbnail

How to Create a Blueprint for Fleet Resilience

Speaker: Jeff Dickinson - President and CEO of Railgistixs Transport, Supply Chain and Logistics Thought Leader

Despite the ongoing transformation of the supply chain and logistics landscape, the steadfast importance of carrier safety remains a core principle. From prioritizing preventative maintenance to optimizing fleet utilization, the fundamentals persist. If you’re overlooking and neglecting essential safety precautions today, this could result in expensive repairs and potential safety hazards in the future. 🚧 Join Jeff Dickinson for a conversation on how to mitigate risk, enforce compliance,

article thumbnail

Ease into Excellence: Onboarding with Finale Inventory

Finale Inventory

Change can be daunting. The thought of integrating a new system or tool into your current process can often feel like preparing to climb a mountain – strenuous and time-consuming. But what if we told you that with Finale, it’s more like a stroll in the park?…because that’s our goal, and we’ve been told it’s the reality for our new users! At Finale, we’ve meticulously crafted our onboarding experience to be as painless and efficient as possible, recognizing the unique challenges faced

article thumbnail

Hidden In Plain Site: The Real Reason Harvard Business Review’s Recent Article on Unilever and Siemens Matters

Procurement Insights

“On Nov. 21, Harvard Business Review reported on how Scoutbee ’s customers, Unilever and Siemens , use our AI-powered solutions to swiftly find and engage with alternative suppliers during unexpected disruptions.” – Scoutbee LinkedIn post (Nov. 22nd, 2023) Two immediate thoughts came to mind when I saw the above post regarding the HBR article on Scoutbee clients Unilever and Siemens’ success in leveraging the company’s technology to find alternative suppliers

article thumbnail

A Simple Strategy to Handle Price Objections in Negotiations 

Negotiations Ninja

How do you protect your margin? If someone wants to negotiate the price of a deal, how do you navigate that as a salesperson? In a recent episode of Negotiations Ninja, Steve Benson emphasizes, “Where there is a price, there will always be objections to that price—especially in this economy.

article thumbnail

Procure-to-pay software: What is it and how does it boost efficiency and savings?

Fraxion

In modern business, the seamless management of procurement processes from initiation to final payment has become crucial for ensuring operational efficiency and financial transparency. To achieve this, organizations are increasingly turning to procure-to-pay software, solutions designed to streamline and optimize the entire procurement lifecycle.

article thumbnail

GEP Spend Category Outlook 2024

Your Roadmap to Smarter Spend Management in 2024 Geopolitical, economic and supply chain challenges will stick around in 2024, but don’t despair. There are strategic opportunities to leverage AI-powered technology and digital toolsets to overcome these hurdles more effectively. GEP experts in nearly two dozen critical categories guide you in the right direction in our annual comprehensive resource — GEP Spend Category Outlook 2024.

article thumbnail

Magnus Mondays: Procurement Tech — Suites vs. Specialists Part Three: I Wish I Was Special

CPO Rising

In part 1 of this series, we introduced and framed the familiar topic of suites vs. specialists in the procurement solutions space. And last week in part 2, we looked at the benefits of selecting the broader suite approach.

article thumbnail

Attackers Who Held Israel-Linked Tanker Seized by U.S. Navy

Supply Chain Brain

The Houthis have promised to target Israel over its war against Hamas in the Gaza Strip, declaring themselves part of an "axis of resistance" of Iran-affiliated groups.

98