Mon.Jan 22, 2024

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How to handle a ransomware attackĀ 

IBM Supply Chain Blog

It’s the news no organization wants to hear―you’ve been the victim of a ransomware attack, and now you’re wondering what to do next. The first thing to keep in mind is you’re not alone. Over 17 percent of all cyberattacks involve ransomware —a type of malware that keeps a victim’s data or device locked unless the victim pays the hacker a ransom.

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AI Simulation Takes Its Place Among Supply Chain Forecasting Tools

SCMR (Supply Chain Management Review)

AI simulation is able to generate possible outcomes in the supply chain, going beyond what traditional AI and machine learning is currently capable of, says Cosmo Tech CEO Michel Morvan.

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Trending Sources

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Will parcel shippers use fewer delivery providers in 2024?

Supply Chain Dive

Aggressive discounting from FedEx and UPS pose a threat to carrier diversification, but competitors are striking back.

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The dynamic forces behind data center re-transformationĀ 

IBM Supply Chain Blog

Data centers are undergoing significant evolution. Initially, they were massive, centralized facilities that were complex, costly and difficult to replicate or restore. Now, advancements in hardware and software as well as increased focus on sustainability are driving rapid transformation. Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective.

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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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Disruptions Remain a Cog in the Automotive Supply Chain Wheel

SCMR (Supply Chain Management Review)

The automotive supply chain survived the semiconductor shortage, but there are plenty of potentially unsettling disruptions on the docket for 2024.

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3 reasons supply chain visibility is vital to retail resilience

Supply Chain Dive

Retail and CPG brands face ongoing disruption, but MK Matus, Senior Value Engineer at Celonis believes supply chain visibility will make those brands more flexible and adaptable.

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Lamb Weston begins ERP transition for North America operations

Supply Chain Dive

The shift has involved a production pause and reduced shipping activity due to short-term inventory visibility constraints.

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For What Itā€™s Worth: Tackling the supply chain digital transformation shortage, optimizing your negotiations amidst all of the chaos, and COVID four years laterā€

Procurement Insights

MUSING #1 In the age of information, it’s surprising that supply chain digital transformation isn’t as readily available as one would expect. Have you ever wondered why? – Nate Morrison My Thoughts (For What It’s Worth) The short answer: Because digital transformation is seen as a technology issue – and there isn’t a shortage of technologies.

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Giant Eagle to open first automated micro-fulfillment center

Supply Chain Dive

The grocer will use the Pittsburgh facility to fulfill curbside pickup orders.

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Ocean Network Express Announces Order for 12 Methanol Dual-Fuel Containerships

Supply Chain Brain

The vessels are designed to flex between methanol and conventional diesel bunker fuel and will include technologies such as optimized hull form, waste heat recovery systems and bow windshield.

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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 ā€œagentic AI,ā€ 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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GDPR compliance checklist

IBM Supply Chain Blog

The General Data Protection Regulation (GDPR) is a European Union (EU) law that governs how organizations collect and use personal data. Any company operating in the EU or handling EU residents’ data must adhere to GDPR requirements. However, GDPR compliance is not necessarily a straightforward matter. The law outlines a set of data privacy rights for users and a series of principles for the processing of personal data.

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Cummins, Daimler and Paccar to Build Mississippi Plant for EV Truck Batteries

Supply Chain Brain

Trucking operators have been slow to invest in the vehicles because of concerns about cost and durability and a lack of battery-charging infrastructure to support trucks on long hauls.

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

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 weā€™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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Five Criteria for Choosing Your Next E-Commerce Delivery Partner

Supply Chain Brain

This guide helps you navigate the complexities of the choice, ensuring that your chosen partner not only aligns with your brand's goals, but also elevates your customers' experience.

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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 youā€™re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, youā€™re not alone. In todayā€™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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GEP Outolook 2024

SCMR (Supply Chain Management Review)

Don't miss out on the latest insights and strategies for procurement and supply chain leaders in the GEP Outlook 2024 report. Download now!

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ORTEC to Showcase Supply Chain Solutions Suite

Supply Chain Brain

Mat Witte, senior vice president of ORTEC, offers a look at the company's Supply Chain Solutions Suite, to be showcased at Manifest 2024 in Las Vegas.

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2024 State of the North American Supply Chain

SCMR (Supply Chain Management Review)

Upgrade your shipping strategies with insights from over 1,400 shippers to stay ahead in the ever-changing world of logistics.

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Stardust Power to build lithium refinery in Oklahoma

Supply Chain Dive

The company plans to turn the facility into a hub for its domestic supply chain.

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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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Consumers and Retailers Share Responsibility for Reducing Returns

Supply Chain Brain

One way consumers can help reduce returns (and growing landfills) is to shop more conscientiously by going into stores to test out products before making a repeat purchase online.

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Alex Yakubovich and Stan Garberā€™s Procurement Solution: Levelpath

Negotiations Ninja

Alex Yakubovich was the Co-Founder and CEO of Scout RFP and is now the Co-Founder and CEO of Levelpath. Stan Garber was the President of Scout RFP and helped Alex Co-found Levelpath. He and Alex have worked together on different projects for nearly two decades.

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South African Supply-Chain Disruptions Far From Over, PwC says

Supply Chain Brain

South African companies need to reduce their reliance on supply chains affected by conflict and prioritize domestic sourcing, production and distribution, PWC said.

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Procurement management software: How to optimize operational spend

Fraxion

With the demands of the digital-first business world, the role of procurement management software has become increasingly important for financial decision-makers, procurement and purchasing professionals alike. Procurement management is a strategic initiative that involves the efficient acquisition of goods and services, and the software, designed for this purpose serves as a linchpin in driving efficient, cost-conscious and compliant processes.

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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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Second Boeing Model to be Inspected

Supply Chain Brain

The FAA did not order the older model to be grounded while the visual inspections are carried out by operators, as it did with the 737 Max 9 planes.

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Magnus Mondays: Itā€™s Time to Improve eSourcing Adoption

CPO Rising

When I first started reading CPO Rising more than a decade ago, I remember Ardentā€™s founder and chief research officer, Andrew Bartolini, introducing the concept of eSourcing 2.0: The idea that if a supplier negotiation required a contract, the negotiation should be captured electronically ā€” and ideally ā€” by an eSourcing tool.

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387: New Year, New Goals in Supply Chain

Let's Talk Supply Chain

ļ»æ Itā€™s a brand new year, we have so much going on at Letā€™s Talk Supply Chain ā€“ and itā€™s safe to say that that thereā€™s a lot going on across the industry as well! I loved getting into it on the very first episode of Thoughts and Coffee for 2024 ā€“ and so weā€™re bringing it to you on Letā€™s Talk Supply Chain today. Iā€™m joined by my industry sidekick and trade bestie Audrey Ross to talk about the disruptions already making waves in 2024; the incredible high-tech wearables that can make the workplace a

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Boeing Faces More Pressure as United CEO Vents Frustrations

Supply Chain Brain

While the White House is monitoring the discussions, thereā€™s no indication yet of what steps the Biden administration would take in response to complaints about Boeing.

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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 ā€” with all its validations, risk assessments and tiered approvals ā€” into a unified system.