Thu.Jan 04, 2024

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Supply Chains in the 5G Era: A Paradigm Shift in Connectivity

Supply Chain Brain

The combination of low latency, high bandwidth, massive device connectivity, reliability, and other factors makes 5G technology well-suited for various automation and virtual-enabled technologies across industries.

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AI’s transformative role in empowering companies to optimize procurement

Supply Chain Dive

Here’s a look at how the technology is making waves in supplier management, predictive analytics and more, from Vroozi's Shaz Khan.

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Commercial Suez Canal Traffic Down Almost 60% Since Houthi Attacks Began

Supply Chain Brain

An estimated 181 vessels that were originally supposed to travel through the Suez Canal have been rerouted around Africa since the Houthi attacks began.

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New Year Insights for the procurement solutions and services marketplace 2024: Ivalua

Spend Matters

For several years now, Spend Matters has been collecting and publishing a series of articles about procurement, supply and services trends for the year ahead from expert tech and service providers in the market. This year we’re highlighting the customer demands, market movements and advances in procurement tech that are exciting the world of solution providers, how they expect them to shape the S2P landscape next year and how they plan to respond to them.

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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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HMM Launches Supply Chain Carbon Calculator

Supply Chain Brain

HMM announced that it had developed its Supply Chain Carbon Calculator January 3, allowing cargo owners to better manage the carbon footprints of ships, trains and trucks.

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65% of employees say they experienced burnout in 2023

Supply Chain Dive

Although employee burnout is decreasing slightly, most workers say it’s still negatively affecting their job performance.

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Opstream: Vendor Analysis — Intake solution overview, competitors, tech selection tips, analyst summary

Spend Matters

This Spend Matters Vendor Analysis gives an overview of Opstream’s intake solution. Opstream aims to revolutionize the way companies buy and manage spending through its procurement platform. With a focus on providing full visibility and control over spending before it happens, Opstream offers a self-service, AI-driven system that caters to cross-functional teams and ensures quick implementation.

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U.S.-led Military Coalition Issues Final Warning to Houthis

Supply Chain Brain

Some potential targets of the coalition's attacks could include launchers for anti-ship missiles and drones as well as storage facilities for ammunition.

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Manufacturing is down to end 2023

SCMR (Supply Chain Management Review)

The report’s benchmark metric, the PMI, came in at 47.4 (a reading of 50 or higher indicates growth), up 0.7% over November’s 46.7, contracting, at a slower rate, for the 14th consecutive month. The past 14 months of contraction were preceded by a stretch of 28 consecutive months of growth. ISM also said that the overall economy contracted in December, at a slower rate, for the third consecutive month, which was preceded by 30 consecutive months of growth.

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Podcast | Got a Product Recall? Call Procurement

Supply Chain Brain

Procurement used to be tasked with a clear and basic mission: Sign up the best suppliers at the cheapest price. Not anymore.

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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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A Momentous Year: Five Trends for 2024

SCMR (Supply Chain Management Review)

The current economic climate has some similarities to the post-Cold War 1990s, and that means a boom could be on the horizon.

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Cargobot Announces European Expansion Plan

Supply Chain Brain

Cargobot said that it will first launch its operations in Spain before expanding to multiple other countries in the EU.

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US lawmakers back Bangladesh garment workers’ demand for fair wages

Supply Chain Dive

A group of legislators called on the American Apparel & Footwear Association to commit to long-term sourcing relationships and increased purchasing prices.

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Procurement 6 – January 5th, 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 – January 5th, 2024 appeared first on Art of Procurement.

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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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GM plans sourcing shift for EV models no longer eligible for tax credit

Supply Chain Dive

The automaker said two minor components were preventing some vehicles from qualifying for a $7,500 purchase incentive.

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Supply Chain Outlook: Preparing for what’s next

SCMR (Supply Chain Management Review)

Event featured an impressive lineup of keynote and session speakers who hit on all of the topics that are driving supply chain growth right now.

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Understanding the Role of AI in HR Departments

Pipefy

2023 saw businesses emerge from the lingering impacts of the COVID-19 pandemic to shift their focus to the future: artificial intelligence. According to a recent Pipefy survey of business leaders , 49% of directors agree that generative AI can deliver a competitive advantage for their business, 53% of directors also see generative AI as a path to greater operational efficiency, and 52% are optimistic that AI will help them contain costs.

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Oil update: The same, for now

SCMR (Supply Chain Management Review)

It will always be prudent to reduce the use of carbon-based energy sources by making your supply chains as energy-efficient as possible.

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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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Procure-to-Pay vs. Order-to-Cash: Definitions and Differences

Pipefy

The order-to-cash and procure-to-pay processes play essential roles in business operations. While each serves a different purpose, process inefficiencies like manual work or disjointed systems can lead to costly delays, lags in communication, and poor customer or supplier relationships. Learn more about the differences between these two processes and how each can benefit from business process automation.

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Preparing for the demographic change wave

SCMR (Supply Chain Management Review)

Supply chains need to start adjusting strategies to meet the demands required of older generations whose buying influence will grow in future years.

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Maximizing Savings Opportunities and Procurement's Strategic Value for CPOs

Procurement Foundry

Saving money is not always about pinching pennies: advanced and data-driven insights enable you to identify real cost-saving opportunities, negotiate favorable contracts, and optimize supplier relationships. By leveraging these tricks, you can achieve substantial cost reductions and drive procurement excellence.

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What’s Ahead for Supply Chain in 2024?

SCMR (Supply Chain Management Review)

Gartner analyst breaks down the current state of supply chain planning and offers insights into what’s coming around the next corner.

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GEP Procurement & Supply Chain Tech Trends Report

The technological landscape is dynamic and changes quickly. And for procurement and supply chain leaders looking to harness the power of technology to navigate complex challenges and an uncertain business environment, keeping up with the latest trends can be its own obstacle. So, what’s on the technological horizon for procurement and supply chain for the year ahead?

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Nike pares back supply as demand remains sluggish

Supply Chain Dive

The brand is also looking to cut $2 billion in costs through layoffs as well as operational and procurement changes.

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The 2024 Chief Supply Chain Officer (CSCO) agenda

SCMR (Supply Chain Management Review)

Leverage strategic procurement to control spend and maximize value creation in deflationary markets.

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Is purchase order management and paying suppliers late clogging the arteries of your supply chain heart?

Procurement Insights

Over 40 years, I have seen many reasons for supply disruptions. Undoubtedly, many of these disruptions result from external events beyond our control, like the pandemic or war in Ukraine. But what about the internal disruptions that are in our control? My question is, don’t we have enough disruption to deal with in the outside world? Why must we add to the challenges our procurement and administration teams will face in 2024?

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How to hack your supply chain: Breaking today, building tomorrow

SCMR (Supply Chain Management Review)

It will always be prudent to reduce the use of carbon-based energy sources by making your supply chains as energy-efficient as possible.

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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.

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Biden Administration Pledges $162M to Expand Domestic Chip Factories

Supply Chain Brain

$90 million will be used to improve a plant in Colorado Springs, Colorado, while the other $72 million will go towards expanding a factory located in Gresham, Oregon.

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Biden administration extends China tariff exclusions — again

Supply Chain Dive

The exemptions spare hundreds of import categories from added duties started under the Trump administration.

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