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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Trending Sources

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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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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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Load Optimization: A Sustainable Way To Reduce Transportation Costs

Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.

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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.

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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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More Trending

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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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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.

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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.

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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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Autonomous AI Agents Are the Future of Procurement and Supply Chain Operations

As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.

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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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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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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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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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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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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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Baltimore truckers, dockworkers brace for Key Bridge collapse effects

Supply Chain Dive

The downed bridge is marooning the Port of Baltimore and threatening the region's supply chain.

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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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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.

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How To Align Product Management And Supply Chain Operations For Successful Product Launches

Speaker: Shalini Dinesh

Effective cross-functional collaboration and communication heavily influence product launch success. Research shows that as many as 70% of product launches fail due to inadequate coordination among stakeholders, including supply chain, product management, legal, marketing, and change control teams (Gartner, 2022). The 2023 Supply Chain Insights Report highlights that 60% of supply chain disruptions are caused by poor communication and misalignment among cross-functional teams.

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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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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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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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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 Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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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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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.

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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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How Hellenic Bank Transformed Its Indirect Procurement Operations With GEP Software

Financial institutions must navigate a complex web of policies, procedures and regulations to ensure compliance and manage risk. When Hellenic Bank, a leading retail lender in Cyprus, set out to transform its procurement operations, it needed more than just software deployment. It required a partner that would help embed its intricate buying processes — with all its validations, risk assessments and tiered approvals — into a unified system.

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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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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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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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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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How To Set Up Innovation So That It Aligns With And Enables Corporate Strategy

Speaker: Paul Heller

Most innovation work proceeds independently from company strategy. As a result, the products that arrive in the market are not well aligned with the company’s goals. This challenge is particularly significant in organizations with transformation-oriented strategies, where innovation must directly support growth, scalability, and strategic pivots. In this session, we will discuss why innovation in large companies is so often not aligned with the company’s strategy and what innovation leaders, pro