Thu.Feb 15, 2024

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Three Critical Steps Toward Mastering Total Inventory Optimization in 2024

Supply Chain Brain

Just months after snarled supply chains led to widespread inventory shortages, the proverbial pendulum has decidedly shifted to the other side.

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Warehouse rents poised to keep climbing after record 2023

Supply Chain Dive

Lease rates jumped more than 20% to reach $9.72 per square foot last year, according to data from Colliers.

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Staff Shortages Remain Top Challenge for Supply Chain in 2024

Supply Chain Brain

Respondents expressed optimism in the economy, and more than 50% say they’ve seen a “greater focus and understanding of supply chains” from those in the C-Suite.

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Cocoa supply issues could lead to smaller chocolate bar sizes: expert

Supply Chain Dive

Producers may experiment with new product formulations to avoid recent heavy price hikes on chocolates.

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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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Practicing Green Logistics in Supply Chain Management

Supply Chain Brain

The push for supply chain sustainability comes with many built-in benefits, including lower costs, increased efficiency and stronger customer loyalty.

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CPKC, Bison Transport ink intermodal services agreement

Supply Chain Dive

The deal is among several partnerships between segment players to capitalize on growing cross-border shipping traffic.

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Walmart lands further FedEx Ground discounts for third-party sellers

Supply Chain Dive

The lower rates through Ship with Walmart come in a soft demand environment where carriers are more amenable to reduced rates.

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Mastering Warehouse Labeling for Clear Inventory Control

Finale Inventory

Warehouse labeling can seem like a tedious aspect of inventory control, but it can have a huge impact on your warehouse operations. It’s the difference between hunting for an item and wondering if it’s even the right product when you do find it, or knowing you have the right item in hand within seconds. This is what separates your business from frustrating delays and agitating customers to timely deliveries and raving reviews–and is what the right labeling setup can help facilitate S

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Accenture to acquire procurement consultancy Insight Sourcing

Supply Chain Dive

The consulting giant sees an opportunity to help private equity firms tackle management of spend, cost and suppliers across their portfolios.

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Maersk: Red Sea Diversions Could Extend into Second Half of 2024

Supply Chain Brain

Maersk said that it has added about 6% more vessel capacity to its schedule to keep the flow of trade moving, further adding to the company’s operational costs.

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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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Killer App: The UK Post Office Scandal

Art of Procurement

In today’s digital age, jokes are often made at technology’s expense. I have multiple calls each week where someone apologizes. The post Killer App: The UK Post Office Scandal appeared first on Art of Procurement.

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Unveiling the transformative AI technology behind watsonx Orders

IBM Supply Chain Blog

You’re headed to your favorite drive-thru to grab fries and a cheeseburger. It’s a simple order and as you pull in you notice there isn’t much of a line. What could possibly go wrong? Plenty. The restaurant is near a busy freeway with roaring traffic noise and airplanes fly low overhead as they approach the nearby airport. It’s windy.

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Rite Aid to lay off employees as it transitions California warehouse operations

Supply Chain Dive

The drugstore chain will close its Woodland distribution center and shift work to its facility in Lancaster, the company told Supply Chain Dive.

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The top ESG trends in 2024

IBM Supply Chain Blog

ESG (environmental, social and governance) factors may not be the first thing that pops up when you search “what’s trending?” And yet, it has become a household (or rather, boardroom) acronym for today’s companies. It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more.

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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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The start of the “real” talent war in procurement

Procurement Insights

I remember when a restaurant buffet had one – maybe two stations offering a variety of a maximum of 10 to 15 dishes. At the time, I remember thinking, wow, what a selection. How will I choose what to eat? Inevitably, I would take a small sampling of each, and after trying them at the table, if I went back for seconds, I would select my one or two favorites.

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6 Ways to elevate the Salesforce experience for your users

IBM Supply Chain Blog

Customers and partners that interact with your business, as well as the employees who engage them, all expect a modern, digital experience. According to the Salesforce Report, nearly 90% Of buyers say the experience a company provides matters as much as products or services. Whether using Experience Cloud, Sales Cloud, or Service Cloud, your Salesforce user experience should be seamless, personalized and hyper-relevant, reflecting all the right context behind every interaction.

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Podcast | Can Mexico Live Up to Its Potential as a Nearshoring Hub?

Supply Chain Brain

As manufacturers look to shift production to North American, Mexico appears to hold all the cards. But is there a joker or two in the deck?

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How to achieve Kubernetes observability: Principles and best practices

IBM Supply Chain Blog

Kubernetes (K8s) containers and environments are the leading approach to packaging, deploying and managing containerized applications at scale. The dynamic, open-source , microservices-based configuration of Kubernetes can be a great fit for businesses that are looking to maximize infrastructure agility. However, the distributed flexibility that makes Kubernetes appealing can also make implementing Kubernetes monitoring and observability practices challenging.

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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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Log-hub Update Includes 3D Maps for Supply Chain Visualization

Supply Chain Brain

Log-hub said that its 3D maps offering will provide users with increased efficiency and more strategic insights into how companies navigate global supply chain networks.

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Retail technology and frontline workers: Delivering unforgettable customer experiences

IBM Supply Chain Blog

The retail industry employs millions of people, and next-generation retail employees will be significantly impacted by the rise of generative AI. I’m a firm believer that exceptional brick-and-mortar retail, no matter the product category, stands on three essential pillars for success: Proud, well-trained, engaged team members with clear career paths A brand deeply rooted in strong cultural values A backbone of superior technology Missing any of these elements?

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January retail sales begin 2024 with mixed readings

SCMR (Supply Chain Management Review)

Commerce reported that January retail sales, at $700.3 billion, were off 0.8% compared to December and up 0.6% compared to January 2023. NRF reported that January’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and restaurants, fell 0.8%, from December to January, while increasing 2.8% annually.

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Climate change examples

IBM Supply Chain Blog

What do global climate change and global warming look like? Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 degrees Celsius warmer than pre-industrial levels. To gain a holistic understanding of the current climate crisis and future climate implications, however, it’s important to look beyond global average temperature records.

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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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Oil Demand Growth Slowing as Non-OPEC Supply Increases

Supply Chain Brain

The IEA said that it anticipates oil demand will peak by 2030 as the world attempts to transition to cleaner energy sources. OPEC says it will peak after 2044.

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How Kubota is changing the status quo in agriculture and sustainability with technology

IBM Supply Chain Blog

Kubota, a Japanese-based services and technology provider within the agriculture, water and environmental industries, has a keen focus on innovation and sustainability. A few years ago, Kubota aimed to tackle operational efficiency challenges, water and sewage systems maintenance issues, and staff shortages that many local companies faced. Simultaneously, it attempted to commit to its zero carbon city declaration, which aims to virtually eliminate carbon dioxide emissions by 2050.

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General Motors, Panasonic Sign Investment Deals with Canadian Graphite Producer

Supply Chain Brain

GM and Panasonic have each committed to purchase 18,000 metric tons of active anode material annually over a period of six to seven years, Nouveau Monde Graphite said.

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Procurement 6 – February 16th, 2024

Art of Procurement

Procurement 6 is a short podcast from Art of Procurement that publishes in the Art of Procurement feed every Friday. The post Procurement 6 – February 16th, 2024 appeared first on Art of Procurement.

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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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China-U.S. Average Container Leasing Rates Up Threefold Since November

Supply Chain Brain

An industry expert from a Californian freight forwarding company said they anticipate organizations will have to deal with equipment shortages due to vessels being rerouted away from the Red Sea.

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Global Supply Chain Management: Best Practices and Trends

HICX

As an increasing number of organizations engage with vendors on a global level to fulfill their supply chains, the need for supply chain robustness has never been so critical. It ensures businesses can maintain performance and avoid potential disruptions as and when they occur, resulting in securing their reputations and avoiding losses in revenue. This has been acutely highlighted since the turn of the decade due to global events.

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How IBM is using Real User Monitoring and DNS to deliver premium Global Server Load Balancing for business-critical applications 

IBM Supply Chain Blog

Global Server Load Balancing (GSLB) isn’t for everyone. If your business operates at a local or regional level, regular load balancing will probably meet your needs. Yet, for some larger enterprises or businesses with a worldwide user footprint, GSLB is an essential service. Having a “load balancer for load balancers” keeps your traffic distributed in an efficient way and ensures the performance that your customers expect from an internet-enabled application.

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NEW WEBINAR — How CPOs Can Unlock Financial Value with a Tech-Forward Approach

CPO Rising

Join Ardent Partners and GEP on February 29th (2 PM ET) for a webcast on How CPOs Can Unlock Financial Value with a Tech-Forward Approach.

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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?