Thu.Nov 16, 2023

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‘It is everywhere’: Rooting out forced labor from supply chains

Supply Chain Dive

Only half of surveyed procurement executives feel they are making effective progress on modern slavery risks in their sourcing, according to a recent Gartner report.

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Supply Chain Sustainability Pressures Persist

SCMR (Supply Chain Management Review)

Supply chain sustainability efforts continue to ramp up, but while companies are responding to global challenges, economic pressures are a different story.

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The Hidden Cost of Plug-in Hybrid Fleets

Supply Chain Brain

The savings as well environmental benefits of plug-in hybrid electric vehicles (PHEVs) vanish when fleet drivers fail to charge and become overly reliant on the gasoline engine.

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Kraft Heinz veteran joins Utz Brands as chief integrated supply chain officer

Supply Chain Dive

Mitchell Arends will oversee procurement, manufacturing, transportation, warehousing and planning as the snack food company looks to accelerate its optimization goals.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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Supply Chain Post Mortem: Convoy

Art of Procurement

Convoy (2015 – 2023) was a freight brokerage that aimed to disrupt a high-volume, low-margin space by applying advanced automation. The post Supply Chain Post Mortem: Convoy appeared first on Art of Procurement.

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US Postal Service plans 2024 rate hikes for Ground Advantage, other products

Supply Chain Dive

The price increases, which are slated to take effect on Jan. 21, come as the agency faces continued financial challenges.

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October retail sales are mixed

SCMR (Supply Chain Management Review)

Commerce reported that total October retail sales, at $705.0 billion, were off 0.1% compared to September and posted a 2.5% annual gain. NRF reported that October retail sales, which does not include automobile dealers, gasoline stations, and restaurants, increased 3.1% annually on an unadjusted basis on a three-month moving average through October, while posting a 3.7% annual gain through the first ten months of 2023.

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Melrose Says Engine Snags Threaten Airbus, Boeing Delivery Goals

Supply Chain Brain

Peter Dilnot, who takes over as Melrose’s chief executive officer in March 2024, said that while the supply hitches are boosting after-market demand, they’re limiting planemakers’ ability to build jets.

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How Machine Learning is Reshaping Diverse Sectors with Practical Applications

SCMDOJO

When you think about machine learning, you might imagine robots learning as they interact with their surroundings. In numerous aspects, you’re not too far off. Within the specialized subject of artificial intelligence (AI), machine learning refers to the ability of systems and machines to learn from their experiences and get better without explicit programming.

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October Marked Seventh Straight Month of Increased Spare Capacity

Supply Chain Brain

The survey showed that the extent to which supplier capacity went underutilized was higher in October 2023 than it was in September and August.

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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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Port of Long Beach cargo volumes rise nearly 15% in October

Supply Chain Dive

The increase in volumes processed comes as the San Pedro Bay port works to recapture market share.

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UAW Members Approve Deal with Mack Trucks

Supply Chain Brain

Mack Trucks said that the new contract will increase the average wages of UAW members by 36% over the life of the contract.

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US apprenticeships, still outside the mainstream, could help talent-hungry employers

Supply Chain Dive

High-churn jobs like truck drivers and retail salespeople stand to benefit from the U.K.'s approach, according to a recent report.

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Podcast | Autonomous Trucks Are Coming. Really.

Supply Chain Brain

Driverless trucks might be zipping down the roads sooner than you think.

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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro

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Procurement: The True Hero of the Retail Holidays

Arkestro

Resources / Blog / Procurement: The True Hero of the Retail Holidays Procurement: The True Hero of the Retail Holidays It’s the most wonderful time of year! We are gathering with family and friends, celebrating over feasts and yummy treats, and best of all — we’re shopping. Black Friday is expected to be the busiest shopping day of the year in the U.S.

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Watch: A Final-Mile Maturity Model for Achieving the Perfect Order

Supply Chain Brain

Mike Graves, vice president product management with Pierbridge, a WiseTech Global company, describes the stages of a model that enables shippers to adjust to unexpected ups and downs of demand.

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Procurement 6 – November 17th, 2023

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 – November 17th, 2023 appeared first on Art of Procurement.

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A Comprehensive Guide to Effective Supplier Risk Management

HICX

Learn all you need to know about supplier risk management with our comprehensive guide that’ll help ensure your organization identifies & manages risks. Benefits of SRM: Boost your organization by identifying and averting supplier risks for a resilient supply chain. Risk Assessment: Create a strategy to assess minor and major supplier risks. Leverage Technology: Enhance vendor risk management through real-time tracking, automation, and data analytics.

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The Current and Future Use of Gen-AI in Supply Chains

AI isn’t the future. It’s here, now. 30% of businesses have invested in AI. Another 57% will do it in the next 12 months*. From demand forecasting to inventory optimization, risk mitigation to sustainability — AI is set to transform everything. But here’s the secret: success will only come from strong human-AI collaboration, reveals this new new Economist Impact report.

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AI-Empowered Procurement – Part 4: The Future of AI-Empowered Procurement

Art of Procurement

In this four-part special series, host Philip Ideson speaks with members of the LavenirAI team about the current and future. The post AI-Empowered Procurement – Part 4: The Future of AI-Empowered Procurement appeared first on Art of Procurement.

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We don’t need maps with logos – we need to see the expertise of the leaders behind them.

Procurement Insights

Here is my response to another thought-provoking LinkedIn post by Kelly Barner regarding the meteoric rise and sensational collapse of Convoy Inc. Why should you care about the Convoy failure? Because it is another example of how we put tech ahead of the essential experience and expertise of the leaders behind the service provider logos and the heavy price we pay for doing so.

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Securing Supply Chains Against Counterfeits in a Post-COVID World

Supply Chain Brain

The concept of supply chain security holds significant weight in today's global business landscape.

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Spend Matters Future 5 2023 – Why we chose ORO Labs

Spend Matters

Spend Matters is delighted to announce the 2023 roster for our ‘Future 5’ list. For the fifth year in a row, our analysts have highlighted five start-ups that excite them the most. This year, the five companies that have proven themselves as potential future trend setters are akirolabs, Calculum, dSilo, Mithra and ORO Labs. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative appl

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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Poor Data Capture: The Silent Killer of Profitability in Logistics

Supply Chain Brain

The process of collecting logistics data from multiple sources such as barcodes, text and objects, and converting it all into an electronic format, can enable better outcomes for the business. But getting it wrong can have the opposite effect.

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Spend Matters Future 5 2023 — Introducing ORO Labs

Spend Matters

The procurement technology market is evolving rapidly and deploying the latest power that innovation can bring to support the changing and challenging needs of its customers. In an ever-crowded space it’s hard for those who rely on these platforms and systems to keep ahead of the latest developments. For that reason, Spend Matters analysts make it their mission to scour the market to find those new solution providers that can fulfil a very specialist role to fulfill the procurement needs of toda

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Creating a sustainable future with the experts of today and tomorrow

IBM Supply Chain Blog

When extreme weather strikes, it hits vulnerable populations the hardest. In the current global climate of stronger and more frequent storms, heat waves, droughts and floods, how do we build more positive environmental and social impact? We have a responsibility to apply our technological expertise, resources and ecosystem to help the world become more resilient to these environmental challenges.