Tue.Feb 20, 2024

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Climate change predictions: Anticipating and adapting to a warming world

IBM Supply Chain Blog

In an era of accelerating climate change , predicting the near-future can yield major benefits. For instance, when utility officials are aware that a heat wave is on its way, they can plan energy procurement to prevent power outages. When farmers in drought-prone regions are able to predict which crops are susceptible to failure , they can deploy additional irrigation.

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UPS to cut sorting shifts in New York, Rhode Island and Virginia

Supply Chain Dive

The looming closures add to layoffs the delivery giant is making at facilities in at least five other states.

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IoT in the Supply Chain: Why Do We Need It?

Supply Chain Brain

Manufacturers looking to deploy IoT in that time should partner with specialists to help them deliver their vision.

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Under Armour inventory ticks closer to normal as freight, supply costs fall

Supply Chain Dive

The sportswear brand — finally — posted a decline in stock levels while executives said it has worked with vendors to lower product costs.

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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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The Supply Chain Industry: A Rewarding Career for GenZ

Supply Chain Brain

The next batch of graduates are a part of GenZ, and many facets of supply chain industry jobs are what they’re looking for in their entry level experiences.

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Industrial robot orders plunge in 2023 after record stretch

Supply Chain Dive

Sales in North America dropped 30% as companies grappled with a tougher economic climate, according to the Association for Advancing Automation.

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Amazon proposes less packaging, more savings for its sellers

Supply Chain Dive

The e-commerce giant opened its Ships in Product Packaging program to hundreds of thousands of merchants that use its fulfillment services.

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ONE Increases Transpacific Service with Asia Pacific 1 Service

Supply Chain Brain

The inaugural sailing for AP1 service is expected to commence in late Spring, around April or May, with specific details to be announced soon.

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Gen Z workers say they are worried about AI replacing them

Supply Chain Dive

Most workers want to use generative AI tools more in the workplace, but some have concerns about their roles in the near future, says a D2L survey.

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EU Industry Calls for Green Shift Help to Rival China and U.S.

Supply Chain Brain

Over 70 business and industry leaders are urging the bloc to introduce a European Industrial Deal to boost competitiveness during the shift.

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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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The 25 Hottest European Procurement Startups

Procurement Software

Procuretech in Europe is buzzing right now. European procurement software startups are growing fast, and we’re constantly seeing new ones landing onto the scene. Despite a slowdown in funding and a cautious economic outlook, there’s plenty of innovation in this space. Lots of European procurement tech startups are still in early or growth phase.

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From Reactive to Proactive: How Predictive Procurement Reshapes the Industry

Arkestro

Resources / Blog / From Reactive to Proactive: How Predictive Procurement Reshapes the Industry From Reactive to Proactive: How Predictive Procurement Reshapes the Industry The procurement workload is expected to increase by 10.6% in 2023 , even as organizations continue to grapple with talent shortages, budget cuts, supply chain issues, and global inflation.

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Embracing Challenges and Change to Succeed in the Ever-Evolving World of Procurement with Tim Elliott, Head of Procurement at Leaders Romans Group #88

Procurement Talk with David Byrne

Listen on Apple Podcasts Episode show notes “The most critical thing right now is to really develop the relationships with the people you work with, spend time with them understand them really well and form as trusting a relationship as you possibly can” Tim has had a diverse journey in procurement, working in … Continued The post Embracing Challenges and Change to Succeed in the Ever-Evolving World of Procurement with Tim Elliott, Head of Procurement at Leaders Romans Group #88 appeared f

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Terminal Operator Holt Logistics Being Reviewed for Anticompetitive Behavior

Supply Chain Brain

An investigator said in an email to Tri State Intermodal that the FMC was reviewing information and documents provided by truckers.

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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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Magnus Mondays — Navigating the Raw Essentials: A Primer on Direct Materials

CPO Rising

In one of my articles about suites vs. specialists, I briefly mentioned dedicating a future piece to direct materials. Today’s article will do just that. I’ll look at direct materials sourcing and what makes it unique and complex. In an upcoming piece, I’ll explore other areas of procurement tech where direct materials need special attention.

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EU Approves $7.4B in Funding for Hydrogen Supply Chain

Supply Chain Brain

The money will support 32 companies working on 33 projects along the EU’s hydrogen value chain and likely unlock over $5.81 billion in private investments.

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Are companies responsible for the actions of their AI Chatbots?

Procurement Insights

Here are the excerpted facts regarding an airline, a bereaved customer, and an AI Chatbot with a mind of its own. Jack Moffat, a Vancouver resident, had asked the airline’s support chatbot whether it offered bereavement rates following the death of his grandmother in November 2022. The chatbot responded by telling the grieving grandson he could claim the lower price up to 90 days after flying by filing a claim.

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Naval Escort Helps CMA CGM Ship Pass Through Red Sea Despite Recent Attacks

Supply Chain Brain

The EU announced February 19 that it plans to begin its own naval missions to protect shippers passing through the Red Sea.

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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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S&P: Carmakers Shrug off Red Sea Disruptions

Supply Chain Brain

The current earnings reporting season indicates the impact on supply chains may not be as significant as initially feared