Wed.Mar 27, 2024

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The Red Sea Dilemma for Shippers: Extended Transit, Rising Costs and Increased CO2 Emissions

All Things Supply Chain

Amidst escalating attacks and a seemingly unending crisis, the Red Sea predicament is poised to disrupt trade volumes significantly and pose formidable challenges to shippers’ operational strategies at least in…

Strategy 246
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The ‘No-Fail’ Mission to Protect the Red Sea Isn’t Working

Supply Chain Brain

For all the costly hardware the U.S. and its allies have thrown at Houthi rebels, they haven’t been able to stop the attacks on freighters and warships in the Red Sea.

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professionals

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Railroads scramble to keep freight moving after Baltimore port disruption

Supply Chain Dive

CSX and Norfolk Southern are emphasizing communication and flexibility to preserve service reliability.

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How Supply Chains Can Support Second-Hand eCommerce

Supply Chain Brain

Second-hand e-commerce has witnessed something of a boom period in recent years, fueled largely by changing consumer attitudes towards affordability, longevity, sustainability, and effectiveness.

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GEP Spend Category Outlook Report 2025

2025 will feel familiar, in some regards. The procurement and supply chain category management landscape will remain turbulent, with geopolitical tensions, worries over fresh tariffs, rising costs, and supply chain disruptions posing significant challenges. But you should also expect some lightning-fast changes in 2025 as artificial intelligence continues to upend the way enterprises and procurement, supply chain, and category management professionals operate.

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Hyperscale vs. colocation: Go big or go rent?

IBM Supply Chain Blog

Here’s the situation: You’re the CIO or similarly empowered representative of an organization. Different voices within your business are calling attention to the awesome scalability and power of hyperscale computing, which you’ve also noticed with increasing interest. Now the word comes down from on high that you’ve been tasked with designing and implementing your company’s hyperscale computing solution—whatever that should be.

Data 98
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Survey: Furniture Home Delivery Service Key to Customer Loyalty

Supply Chain Brain

Retailers are being forced to adapt to the emphasis buyers of home furnishing now put on overall service and last-mile delivery experience, over brand loyalty.

Buyers 105

More Trending

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Watch: How AI Addresses Inventory Challenges

Supply Chain Brain

Artificial intelligence can help eliminate unneeded inventory, says Sankalp Arora, chief executive officer and co-founder of Gather AI.

Inventory 103
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EclipseStore enables high performance and saves 96% data storage costs with WebSphere Liberty InstantOn

IBM Supply Chain Blog

As AI technology advances, the need for high-performance, cost-effective and easily deployable solutions reached unprecedented levels. EclipseStore, a groundbreaking data storage platform from MicroStream , is revolutionizing the development of cutting-edge software applications. IBM ® collaborated with MicroStream to integrate the IBM WebSphere ® Liberty InstantOn feature within EclipseStore.

Data 94
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Collapse of Baltimore Bridge Highlights the Cost of Failing to Safeguard Critical Spans

Supply Chain Brain

The collapse of Baltimore's Francis Scott Key Bridge raises urgent questions about the vulnerability of infrastructure that keeps ships flowing through vital U.S. ports.

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Automakers reroute shipments after Baltimore bridge collapse

Supply Chain Dive

Other manufacturers in the area, including Stanley Black & Decker and McCormick & Co., are still operating after the accident.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Collapse of Baltimore Bridge Highlights the Cost of Failing to Safeguard Critical Spans

Supply Chain Brain

The collapse of Baltimore's Francis Scott Key Bridge raises urgent questions about the vulnerability of infrastructure that keeps ships flowing through vital U.S. ports.

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Maximizing the Bottom Line: The Power of Procurement

SCMR (Supply Chain Management Review)

Procurement activities can have a positive impact on a business’ bottom line, leading to more profit without the need to expand spending.

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UN Report Reveals Over a Billion Tons of Food are Thrown Away Every Year

Supply Chain Brain

A majority of the world's food waste comes from households, comprising roughly 60% of the billion tons thrown away in 2022.

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The “hidden figures” of AI: Women shaping a new era of ethical innovation

IBM Supply Chain Blog

The end of March marks the conclusion of Women’s History Month. And despite the increased focus on women’s issues and contributions to society throughout the month, the conversation would be incomplete without recognizing how indispensable the success of women—past and present—has been in the tech industry. In particular, women are leading the way every day toward a new era of unprecedented global innovation in the field of generative AI.

Ethics 88
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GEP Outlook Report 2025

For years, you and your team have fought an uphill battle. Supply disruptions. Cost pressures. ESG compliance. You name it, and you’ve had to navigate it. In 2025, many challenges will persist, but procurement and supply chain teams have a powerful tool with rapidly advancing capabilities to tackle them — artificial intelligence (AI). The GEP Outlook 2025 report examines the disruptive transformation AI is driving in procurement and supply chains, alongside other key trends and the macroeconomic

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Underwater Robots Are Helping Maritime Shipping Clean Up Its Act

Supply Chain Brain

Neptune's robot cleans up biofouling: the algae, seaweed, barnacles and other organisms that accumulate on hulls, adding drag and reducing fuel efficiency.

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How the Baltimore bridge disaster is impacting supply chains

Supply Chain Dive

Auto suppliers are diverting shipments, while truckers are bracing for possible transport challenges.

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Meet AI in Contract Lifecycle Management

Spend Matters

Artificial intelligence (AI) comes in many different forms (for a complete history of AI in procurement, check out our recently published autoaugmentation series) and despite being a consistent “hot topic” for well over a decade now, continues to grow and evolve each year in the procurement industry. This article explores the current state of AI in the CLM market, including a capabilities overview, a high-level market overview and an introduction to the emerging field of GenAI in CLM.

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Best Supply Chain Management Software for Mac 2024

SCMDOJO

The world of supply chain management is fast-paced. Hence, leveraging the right technological tools becomes not only beneficial. It is also a means to maintain a competitive edge and operational excellence. For those who use a Mac as their trusted companion in 2024, the hunt ends here. This comprehensive guide highlights software that stands out. However, it goes beyond mere listings.

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10 Ways to Leverage Buyer Signals and Drive Revenue

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

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AI in procurement – The machine/human paradox

Spend Matters

The leaders of the procurement world are up against increasing pressure to, and indeed have the appetite to, “drive significant and unprecedented levels of value” — so says the results of the latest global CPO survey , performed by Deloitte and with expert input from Spend Matters chief research officer and procurement technology authority Pierre Mitchell.

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Cargo Shipping Remains on Hold in Baltimore Following Bridge Collapse

SCMR (Supply Chain Management Review)

Commercial shipping traffic into and out of the Port of Baltimore remains on hold following the collapse of a bridge in the region on Tuesday.

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Accelerating scope 3 emissions accounting: LLMs to the rescue

IBM Supply Chain Blog

The rising interest in the calculation and disclosure of Scope 3 GHG emissions has thrown the spotlight on emissions calculation methods. One of the more common Scope 3 calculation methodologies that organizations use is the spend-based method, which can be time-consuming and resource intensive to implement. This article explores an innovative way to streamline the estimation of Scope 3 GHG emissions leveraging AI and Large Language Models (LLMs) to help categorize financial transaction data to

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The Pareto 4% and Costa Coffee’s exponential global reach

Procurement Insights

My day starts around 6:00 AM with the silence of the morning, my breaking news feeds, and a cup of coffee. For me, that first sip of java is genuinely one of the highlights of my day! Recently, I had an extra caffeine boost thanks to a podcast featuring Costa Coffee’s Francisco Javier Martínez Moreno. As Costa Coffee’s Chief Supply Chain Officer, Francisco joined Leaders in VALUE CHAIN host Radu Palamariu to talk about his twenty years in the supply chain with Costa Coffee and, befor

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From Reactive to Resilient: Charting Your Supply Chain Maturity

In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Watch the webinar to learn strategies to develop supply chain maturity and save on costs. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation.

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Turning climate risks into business opportunities 

IBM Supply Chain Blog

Climate change causes extreme weather events across the world that endanger people’s lives and disrupt the businesses on which they depend. In Africa, for example, recurring droughts, floods and cyclones due to climate change might cause crop failures and food insecurity. As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices.

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Five ways to team up and deter supplier fraud

HICX

By Costas Xyloyiannis, CEO of HICX Despite best efforts, Finance leaders struggle to allay the tactics of criminals posing as suppliers. Fraudsters would be easier to deter if Finance had a steady source of accurate supplier information. In practice, though this information is notoriously inaccurate. The department responsible for managing supplier information, Procurement, works closely with Finance.

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U.S. Treasury Secretary Sounds Alarm Over China's Surplus of Green Technology

Supply Chain Brain

China's surplus of solar power, electric vehicles, and lithium-ion batteries allows them to ship those products to other countries at lower rates.

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Unleashing the Power of Procurement Buyers: Delving into this Impactful Role

Arkestro

Resources / Blog / Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Unleashing the Power of Procurement Buyers: Delving into this Impactful Role Buyers have always played an important role in the procurement industry, helping organizations obtain goods and maintain a careful balance of speed, cost-efficiency, and quality.

Buyers 52
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Signal-Based Selling: How to Leverage 4 Key Buying Signals

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

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Procurement’s Role in Achieving Zero Waste

Una

Procurement’s Role in Achieving Zero Waste Now’s the time to rethink business practices surrounding sustainability and embrace procurement’s role in achieving zero waste. By Hugo Britt | March 28, 2024 Search Search Sometimes, the challenge of reducing or eliminating waste can seem overwhelming. Even if you diligently sort your recycling at home and attempt to choose low-packaging items at the supermarket, it can be dispiriting when you think about the wave of waste threatening the p

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Technology Round-Up — March 27, 2024

CPO Rising

CPO Rising’s Technology Round-Up series continues this week with fresh supply management technology news and updates covering a few recent major announcements. If you are a sourcing, procurement, or spend management solution provider and you are continually innovating the way that procurement and supply chain leaders and practitioners drive value, we’d love to hear from you.

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Episode 158: All Eyes Should Remain on the Red Sea with Kris Lance

Una

EPISODE 158 All Eyes Should Remain on the Red Sea with Kris Lance By Kelly Barner | March 27, 2024 Human nature has a way of becoming numb to that which we absorb as part of the status quo. Sadly, this doesn’t just pertain to the weather; it also applies to human suffering and warfare, especially if it is far away. Today this applies in the form of the Red Sea attacks that continue, and which have escalated, turning global supply chains into a literal battlefield.

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Banks, your shareholders do care about payment costs 

IBM Supply Chain Blog

Here’s an argument for modernizing payments: Profits from traditional payment types are caught in a death spiral. As usage of traditional methods of payments decline, the high fixed cost to maintain them begins to seriously hurt margins as the revenue from smaller volumes declines. Increasing the price for the remaining transactions only hastens the decline.

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The 2nd Generation of Innovation Management: A Survival Guide

Speaker: Chris Townsend, VP of Product Marketing, Wellspring

Over the past decade, companies have embraced innovation with enthusiasm—Chief Innovation Officers have been hired, and in-house incubators, accelerators, and co-creation labs have been launched. CEOs have spoken with passion about “making everyone an innovator” and the need “to disrupt our own business.” But after years of experimentation, senior leaders are asking: Is this still just an experiment, or are we in it for the long haul?