Wed.Dec 13, 2023

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6 reasons why global supply chains are shifting

Supply Chain Dive

A desire to reduce costs, lead times, political risk and emissions are just some of the reasons behind onshoring, nearshoring and friendshoring decisions.

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Helping Healthcare Organizations Navigate Shipping in Peak Seasons

Supply Chain Brain

Throughout the year, healthcare providers are under tremendous pressure to find cost savings and efficiencies, while maintaining optimal patient care. That pressure only increases during the peak season.

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UPS and FedEx’s tough year in 6 charts

Supply Chain Dive

Data shows both carriers faced waning package volumes as pricing power shifted in their customers' favor.

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Swedish Transport Workers to Stop Collection of Tesla Waste

Supply Chain Brain

Tesla has faced a backlash in the Nordic region from pension funds and labor unions over the company’s refusal to accept a collective bargaining agreement covering wages and other benefits.

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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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A Market-Based Routing Guide Strategy for Truckload Transportation

SCMR (Supply Chain Management Review)

By applying a strategic procurement framework that considers both a freight lane's macro-market and micro-shipper characteristics, shippers can leverage a wider portfolio of relationships that improve their overall routing guide performance while reducing the required effort.

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Risk-Management Strategies for Ensuring Facility Safety and Reliability

Supply Chain Brain

It’s impossible to put a price on safety at manufacturing and logistics facilities. World-class organizations know it’s directly tied to their ability to succeed.

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Foxconn Adds $1B to Investment in Giant Apple India Plant

Supply Chain Brain

Foxconn plans to spend that amount on top of the $1.6 billion it earlier set aside for the 300-acre site close to Bengaluru’s airport, said people familiar with the matter.

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

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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Digital Twinning and AI for Warehouse Optimization

Supply Chain Brain

Join us to explore how AI and digital twinning can drive optimization in warehouse decision making. Learn how the combination of these technologies improves visibility, efficiency and overall warehouse operations.

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What Does “Getting To We” Really Mean?

Procurement Insights

EDITOR’S NOTE: Today’s article was inspired by a LinkedIn post by Kate Vitasek. “Value isn’t just about exchange—it’s about creation.” “Through shared goals, you work together, investing in each other’s success and creating value that elevates everyone involved.” – Kate Vitasek The above two statements should resonate far and wide with anyone and everyone, Kate Vitasek , starting with the sales process.

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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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Seven customer service types that organizations should provide

IBM Supply Chain Blog

Conducting the best customer service strategy today requires organizations to invest in several customer service types. This way, organizations can ensure their customer base receives answers to their problems in the format they prefer. Customer service is an integral part of the customer experience. It has increasingly become an omnichannel discipline where every customer prefers to communicate on varying channels.

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Where the intake management market is heading

Spend Matters

Along with generative AI, the intake management market has been this year’s primary discussion among procurement practitioners and software providers. Not only has Zip, which productized and popularized intake, reached a $1.5 billion valuation, but an array of intake- and/or orchestration-focused competitors have emerged to address similar use cases.

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Nestlé strikes deal with ocean carriers to reduce freight emissions

Supply Chain Dive

The food and beverage maker will ship its products on Maersk, CMA CGM or Hapag-Lloyd vessels powered by fuels made from waste.

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Supply Chain Security Breaches Increased in 2023

Supply Chain Brain

The mean number of supply chain breaches increased from 3.29 incidents in 2022 to 4.16 incidents in 2023, a 26% rise.

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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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Half of workers left previous job after feeling underappreciated

Supply Chain Dive

Salary being "too low," lack of promotion and making a career change were some of the reasons a worker left a former job, a Monster poll found.

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Star Bulk and Eagle Bulk Shipping Agree to $2.1B Merger

Supply Chain Brain

Star Bulk Carriers' shareholders will own 71% of the company while the remaining 29% will be owned by Eagle Bulk shareholders.

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Protecting the pharma and healthcare supply chain during turbulent times

Supply Chain Dive

Here are five things your company should consider when evaluating its production process or new technologies.

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How to build a successful procurement strategy

IBM Supply Chain Blog

The role of procurement extends beyond transactional activities. A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations.

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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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Best of 2023: Procurement News — CPO Promotions for 2023

CPO Rising

Editor’s Note: Over the next few weeks on CPO Rising, we’re publishing some “best of” 2023 articles as we reflect on the year and prepare for the new year ahead. Welcome to Procurement News!

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10 reasons you should adopt reliability centered maintenance (RCM) today

IBM Supply Chain Blog

There are many articles on equipment failure patterns that infer that a majority of all equipment fails at random , regardless of how much preventive maintenance was done. This claim is often used to encourage asset-intensive industries to evolve their maintenance strategies, invest in instrument equipment and leverage analytics to adopt predictive maintenance approaches.

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The three main types of cryptography

IBM Supply Chain Blog

Derived from the Greek words for “hidden writing,” cryptography is the science of obscuring transmitted information so that it may only be read by the intended recipient. The applications of cryptography are endless. From the quotidian end-to-end message authentication on WhatsApp to the practical digital signatures on legal forms or even the CPU-draining ciphers used for mining cryptocurrency , cryptography has become an essential aspect of our digital world and a critical cybersecu

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