October, 2024

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4 Challenges in Supply Chain Digitization and Solutions

All Things Supply Chain

In an era where technological advancements are necessary for staying competitive, the digitization of supply chains represents a pivotal shift in operational excellence.

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CPO Crunch: Keep calm and carry on

Procurement Leaders

There are so many powerful and disruptive forces in play globally in the modern era that the volume of alerts, red flags and supply chain issues can soon become dizzying. CPOs are in the eye of the storm, managing disruption after disruption – from extreme weather to port strikes to out-and-out war. And these past two weeks have had all of these and more.

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California passes Responsible Textile Recovery Act

Supply Chain Dive

SB 707 makes apparel producers responsible for the recycle, reuse and collection of their products.

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2024 U.S. Presidential Election Special Series

Art of Procurement

There are two weeks to go until the 2024 U.S. Presidential Election. Interest, speculation, and tension have been building all. The post 2024 U.S. Presidential Election Special Series appeared first on Art of Procurement.

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From Reactive to Resilient: Charting Your Supply Chain Maturity

Learn strategies to develop supply chain maturity and save on costs. In this webinar, supply chain industry experts share insights and best practices for enhancing supply chain efficiency, resilience and adaptability. Delve into the stages of supply chain maturity, from foundational management to advanced optimization and innovation. Discover actionable first steps to boost your operations and reduce costs.

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Strike at U.S. Ports Brings Debate Over Automation Front and Center

Supply Chain Brain

Even if the dispute between the ILA and USMX is resolved quickly, the battle over automation at U.S. ports is set to rage on for a good long while to come.

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Spend Matters Future 5 2024: Why we chose True ValueHub

Spend Matters

Spend Matters is delighted to announce the 2024 roster for our ‘Future 5’ list. For the sixth year in a row, our analysts have highlighted five start-ups that excited them the most. This year, the five companies that have proven themselves as potential future trend setters are BlueBean , ivoflow, Covalyze, Halo Ai and True Value Hub. To warrant such attention, these vendors must have a product that is ideally 2 to 5 years old, is used by more than five customers and displays an innovative applic

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Break out of the blue-chip bubble

Procurement Leaders

Last week’s World Sustainability Congress in Amsterdam was an energising experience for many reasons and a reminder of the huge amount of work that CPOs must do to ensure we progress against ESG targets. I was fortunate to have the role of cohost for the event and was left inspired by the level of passion in the room. But I am also convinced that we must do more as a procurement community and profession to accelerate progress.

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UPS cuts daily volume capacity by 1M in efficiency push

Supply Chain Dive

The carrier has closed nine of its buildings this year and shifted more volume to automated hubs, according to company executives.

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Creating a B2C to B to C Improvement Cycle at Walmart Business

Art of Procurement

Whenever I find out that a company – or a person – decided to do something new in 2020 or. The post Creating a B2C to B to C Improvement Cycle at Walmart Business appeared first on Art of Procurement.

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When Ports Go Silent: Proactive Supply Chain Strategies for Manufacturers

Supply Chain Brain

Most manufacturers believe they're prepared for supply chain disruptions because they have contingency plans in place. In reality, those plans are often fragmented and short-term in focus.

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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?

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Webinar — The considerations that haunt Spend Matters 50/50 lists

Spend Matters

On October 31 at 10:30 a.m. ET, the Spend Matters Analyst Team will celebrate Halloween by treating all to a webinar that shares the insights they have derived while compiling this year’s 50 to Watch, 50 to Know and Future 5 lists. These lists mark the 11 th year in which Spend Matters highlights the best in procurement technology development and innovation.

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Tackling Child Labor in Global Supply Chains

All Things Supply Chain

Imagine walking into your local supermarket and picking up a bar of chocolate or a new smartphone without a second thought.

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The revenue generation

Procurement Leaders

There are many ways that procurement brings financial value to an organisation – from the consistent delivery of year-on-year savings and cost avoidance to the strengthening of working capital positions and cash flow. But perhaps the most progressive of impacts that CPOs can pursue is to drive revenue generation – using procurement’s powers and relationships to deliver top-line impact.

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Starbucks ramps up supply chain investments for climate resilience

Supply Chain Dive

The company is buying two innovation farms in Central America to advance research to protect its coffee supply.

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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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Tips for Surviving in a Brave New World

Art of Procurement

In 1932, Aldous Huxley published the book Brave New World. At the time, the actual world was perched between World. The post Tips for Surviving in a Brave New World appeared first on Art of Procurement.

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Watch: ‘The Proximity Premium’: Can Nearshoring ‘Shockproof’ U.S. Supply Chains?

Supply Chain Brain

Two analysts from KPMG discuss the findings of the firm’s new survey of changing sourcing strategies by U.S. supply chain executives.

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Cultivating an AI Mindset: Smart Trust

Supply Chain Trend

AI is infiltrating our personal lives and the workplace, and soon will be everywhere and irreplaceable in everything you do. At home and in the workplace. Developing and cultivating an AI Mindset will become a must for the modern knowledge worker. In a series of short blogs, I will explore three elements of an AI mindset. In this blog, Trust. Granting Trust to AI Within seconds of meeting someone new, we unconsciously identify if we can trust this person.

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Labor shortage and its impact on the supply chain

All Things Supply Chain

Imagine a bustling port, filled with cargo containers waiting to be loaded and shipped across the world. But instead of swift, efficient movement, operations have slowed to a crawl. Why?

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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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How Gilead segments suppliers for Scope 3 greenhouse gas emissions

Procurement Leaders

Challenge Pharmaceutical company Gilead has a well-established supplier emissions-reduction programme and science-based targets, but aims to increase its use of primary data – especially among suppliers it considers most critically important. While some of those vendors already have programmes in place, others need more support and encouragement. The Foster City, California-headquartered business has devised a segmentation model to ensure that engagement is focused where it will have the greates

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Amazon to end same-day delivery service from retailers’ local stores

Supply Chain Dive

The program, called Amazon Today, will operate until Jan. 24 as the company looks to reduce overlap in its fast shipping offerings.

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East and Gulf Coast Port Strike – Part 1

Art of Procurement

“Let me be clear: we don’t want any form of semi-automation or full automation. We want our jobs—the jobs we. The post East and Gulf Coast Port Strike – Part 1 appeared first on Art of Procurement.

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Podcast | Quantum Computing for Logistics: Promise or Reality?

Supply Chain Brain

Understand quantum physics? Neither do we. But you might be able to grasp quantum computing.

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The Evolution of Control Towers to Command Centers

Are fragmented control towers hindering your supply chain’s growth and response time? Attempting to manage disruptions through various departmental control towers with basic analytic overlays hinders agility and, ultimately, your resiliency. Today’s volatile landscape requires inherent visibility across your entire value chain and the ability to orchestrate course corrections within a unified platform.

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How the importance of risk management has changed for procurement – and what to do about it

Spend Matters

A common thread among the conversations we’ve had recently with senior procurement practitioners tells of the extent to which attitudes towards risk have changed over the past decade. As little as 10 years ago, we heard stories of pretty much indifference to risk: “supply risk management was young,” we heard, and “we didn’t worry too much about risk; we spent a very small percentage of our time on it.

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Supply Chain Efficiency: Best Practices for Waste & Sustainability

All Things Supply Chain

Organizations navigating increasingly complex global networks have discovered that integrating sustainable practices has multiple key benefits. Sustainability can drastically slash waste, streamline operational efficiency, and even improve employee engagement.

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CPO Crunch: The future’s bright

Procurement Leaders

I’m sure USAA CPO Russ Major (pictured above) won’t mind me sharing how excited he is about the future. We were speaking at Procurement Leaders’ Tomorrow’s Procurement Leader event in Austin, Texas, following his speech about the impact of his ongoing transformation at the $42bn-revenue insurance and banking group that serves current and former members of the US armed forces.

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GM invests $625M in lithium production capacity

Supply Chain Dive

The automaker is partnering with Lithium Americas to develop the Thacker Pass Mine in Nevada, where GM agreed to buy up to 100% of lithium produced for 20 years.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Supply Chains as Business in Action

Art of Procurement

We know supply chains are complex, but to truly understand how complex they are, and how they reached this point, The post Supply Chains as Business in Action appeared first on Art of Procurement.

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Tariff Tensions Between China, U.S. Spark 'Sharp Change' in Trade With Mexico

Supply Chain Brain

Vesselbot's data shows that Mexico's Manzanillo Ensenada and Lazara Cardenas ports have seen record-breaking container volumes over the last year.

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Spend Matters Future 5 2024 – Introducing True ValueHub

Spend Matters

Spend Matters honors a vast array of procurement solution providers each year by selecting them for our ‘50 to Know,’ ‘50 to Watch,’ ‘Future 5’ and ‘Hall of Fame’ celebration lists. Discover everything you need to know about these accolades here, including who is on them. For the Future 5, Spend Matters analysts scour the market to find new specialist solution providers that can answer a burning need of procurement practitioners today.

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Supply Chain Crossword Challenge

The Network Effect

How quickly can you solve our supply chain crossword challenge? Are you faster than your friends.

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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.