Tue.Feb 20, 2024

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Climate change predictions: Anticipating and adapting to a warming world

IBM Supply Chain Blog

In an era of accelerating climate change , predicting the near-future can yield major benefits. For instance, when utility officials are aware that a heat wave is on its way, they can plan energy procurement to prevent power outages. When farmers in drought-prone regions are able to predict which crops are susceptible to failure , they can deploy additional irrigation.

Risk 119
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IoT in the Supply Chain: Why Do We Need It?

Supply Chain Brain

Manufacturers looking to deploy IoT in that time should partner with specialists to help them deliver their vision.

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UPS to cut sorting shifts in New York, Rhode Island and Virginia

Supply Chain Dive

The looming closures add to layoffs the delivery giant is making at facilities in at least five other states.

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The Supply Chain Industry: A Rewarding Career for GenZ

Supply Chain Brain

The next batch of graduates are a part of GenZ, and many facets of supply chain industry jobs are what they’re looking for in their entry level experiences.

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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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Under Armour inventory ticks closer to normal as freight, supply costs fall

Supply Chain Dive

The sportswear brand — finally — posted a decline in stock levels while executives said it has worked with vendors to lower product costs.

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Gartner: Top Supply Chain Orgs Use AI at Twice the Rate of Lower-Performing Peers

Supply Chain Brain

Forty percent of the high performers surveyed said that they are using AI/ML for demand forecasting, while that figure came in at just 19% for the lower performers.

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ONE Increases Transpacific Service with Asia Pacific 1 Service

Supply Chain Brain

The inaugural sailing for AP1 service is expected to commence in late Spring, around April or May, with specific details to be announced soon.

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Amazon proposes less packaging, more savings for its sellers

Supply Chain Dive

The e-commerce giant opened its Ships in Product Packaging program to hundreds of thousands of merchants that use its fulfillment services.

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EU Industry Calls for Green Shift Help to Rival China and U.S.

Supply Chain Brain

Over 70 business and industry leaders are urging the bloc to introduce a European Industrial Deal to boost competitiveness during the shift.

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Gen Z workers say they are worried about AI replacing them

Supply Chain Dive

Most workers want to use generative AI tools more in the workplace, but some have concerns about their roles in the near future, says a D2L survey.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

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.

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Are companies responsible for the actions of their AI Chatbots?

Procurement Insights

Here are the excerpted facts regarding an airline, a bereaved customer, and an AI Chatbot with a mind of its own. Jack Moffat, a Vancouver resident, had asked the airline’s support chatbot whether it offered bereavement rates following the death of his grandmother in November 2022. The chatbot responded by telling the grieving grandson he could claim the lower price up to 90 days after flying by filing a claim.

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From Reactive to Proactive: How Predictive Procurement Reshapes the Industry

Arkestro

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% in 2023 , even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation.

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Embracing Challenges and Change to Succeed in the Ever-Evolving World of Procurement with Tim Elliott, Head of Procurement at Leaders Romans Group #88

Procurement Talk with David Byrne

Listen on Apple Podcasts Episode show notes “The most critical thing right now is to really develop the relationships with the people you work with, spend time with them understand them really well and form as trusting a relationship as you possibly can” Tim has had a diverse journey in procurement, working in … Continued The post Embracing Challenges and Change to Succeed in the Ever-Evolving World of Procurement with Tim Elliott, Head of Procurement at Leaders Romans Group #88 appeared f

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Terminal Operator Holt Logistics Being Reviewed for Anticompetitive Behavior

Supply Chain Brain

An investigator said in an email to Tri State Intermodal that the FMC was reviewing information and documents provided by truckers.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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Magnus Mondays — Navigating the Raw Essentials: A Primer on Direct Materials

CPO Rising

In one of my articles about suites vs. specialists, I briefly mentioned dedicating a future piece to direct materials. Today’s article will do just that. I’ll look at direct materials sourcing and what makes it unique and complex. In an upcoming piece, I’ll explore other areas of procurement tech where direct materials need special attention.

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EU Approves $7.4B in Funding for Hydrogen Supply Chain

Supply Chain Brain

The money will support 32 companies working on 33 projects along the EU’s hydrogen value chain and likely unlock over $5.81 billion in private investments.

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The 25 Hottest European Procurement Startups

Procurement Software

Procuretech in Europe is buzzing right now. European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Despite a slowdown in funding and a cautious economic outlook, there’s plenty of innovation in this space. Lots of European procurement tech startups are still in early or growth phase.

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Naval Escort Helps CMA CGM Ship Pass Through Red Sea Despite Recent Attacks

Supply Chain Brain

The EU announced February 19 that it plans to begin its own naval missions to protect shippers passing through the Red Sea.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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S&P: Carmakers Shrug off Red Sea Disruptions

Supply Chain Brain

The current earnings reporting season indicates the impact on supply chains may not be as significant as initially feared