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According to our 2024 report, Generative AI in the B2B Marketplace , 81% of B2B businesses are already investing in AI, with 79% anticipating increasing their AI budgets within the next year. What can supplychain leaders do to mitigate these risks? Yet these same companies have the same anxieties about investing.
Yet the complex supplychains behind those therapies are increasingly vulnerable. A System Under Strain The fragility of the medication supplychain isn’t theoretical; it’s happening in real time. In a 2022 ASHP survey, 99.7% of pharmacists reported experiencing shortages of critical sterile injectables.
Kenco’s 2025 SupplyChain Innovation Survey found that one in four professionals now have $500,000 or more in their budget to incorporate new tools and technologies, and 39% have seen their budgets increase this year. And, of course, 41% are going all in on artificial intelligence-powered technologies.
Without experienced managers in place, truck availability drops, repairs are delayed, and cost control becomes difficult. Still, it can be just as disruptive to supplychain performance. These individuals are key to maintaining operational efficiency, cost control, and compliance. Rising costs.
The right provider will minimize disruption during deployment and offer phased implementation plans that match your capacity and budget. What does the cut-over to automation look like?” Lead times are important to understand,” Senn continues. You need to ask: How disruptive is it? Am I going to have steel erected for six months?
But that’s not just expensive; it’s slow, prone to error (working a full shift in inventory counting is mind-numbing), and unsustainable, during peak season, labor shortages or budget cuts. The emerging class of AI-native inventory robotics is finally breaking this cost/accuracy tradeoff.
From electronics manufacturers to retail giants, companies are grappling with a complex landscape of rising duties and other supplychain challenges. The stated aim of those measures is to bolster domestic manufacturing and reduce reliance on foreign supplychains. Tariffs also destabilize supplychain operations.
VS America wanted to formulate a supplychain strategy for right-sizing its distribution footprint and improving the end-to-end flow of products from its manufacturing plants to its end customers. VS America selected JLL as a trusted business partner to validate the companys supplychain strategy as well as support its execution.
For many, higher costs, supplychain delays, and unpredictable inventory flows are creating significant hurdles. Or, if you’ve been relying on one supplier, it might be time to explore other options to diversify your sources and potentially reducecosts. Focus on operational efficiency.
The retail sector now faces mounting cost pressures and volatility, with ripple effects expected across the supplychain from manufacturers to store shelves. Supplychainvisibility is critical for enabling more accurate demand forecasting and smarter sourcing strategic decisions.
Shopping behaviors are shifting, and consumers are scrutinizing products and labels more than ever at the point of purchase to ensure they align with their preferences and budgets," said Bob Carpenter, president and CEO of GS1 US. consumers, conducted for QR code company, GS1 US , found that 33% of U.S.
The budget carrier has tried to offset weakness in Japan by expanding in Southeast Asia, South Korea and China. is doubling down on its long-haul expansion with the first purchase of Boeing Co. widebody aircraft in a dozen years, while it struggles closer to home, with its HK Express unit suffering from a sharp drop in regional demand.
ERP vs. Best-in-Class for Healthcare SupplyChain Management? Are ERP systems better than best-in-class supplychain solutions for managing healthcare supplychains? That’s the question we set out to answer in our recent panel discussion with Procurement and SupplyChain experts. The verdict?
During the webinar, Ardent Partners highlighted a series of market trends and predictive scenarios for 2022, focusing on massive challenges brought on by the global pandemic that procurement organizations are facing today and present a thoughtful discourse on the road ahead. View Webinar Replay. Impact from Covid-19 will be massive.
Supplychainvisibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supplychain. By having a clear view of their entire supplychain, businesses can identify potential issues and take steps to mitigate them. million, up from $1.9
In a recent Ivalua webinar , Ardent Partners’ Chief Research Officer Andrew Bartolini presented Ardent Partners’ 8th annual Procurement Big Trends and Predictions, and shared findings and insights from the firm’s 2020 research and conversations he’s had with fellow analysts and procurement professionals. Our supplychains became resilient.
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