Sat.Mar 23, 2024 - Fri.Mar 29, 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…

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CPO Crunch: Think intelligently about artificial intelligence

Procurement Leaders

Question: What’s driving your thinking when it comes to the rollout of artificial intelligence in procurement? Is it the efficiencies that might be gained from harnessing the technology? How about the insights that might be available? Or is it more fundamental, such as the potential new business models that might become possible? Or – whisper it quietly – the risks you face from not thinking about it at all?

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UPS plans to close around 200 US facilities, shift volume to automated hubs

Supply Chain Dive

The company is consolidating locations as part of its "Network of the Future" initiative, which aims to reduce its labor needs and save $3 billion by 2028.

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Happy Easter

Procurement Templates

Happy Easter. It’s a time for reflection and the resurrection of Jesus. Spend the time reiving your tired body and enjoy time with loved ones. My Valentines Satire post was rather popular so here is the Easter one! Procurement Parody: An Easter Reflection In the solemn glow of Easter, as we celebrate renewal and rebirth, let us turn our attention to a ritual as ancient and mystifying as the resurrection itself: procurement.

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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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Beyond Visibility: Social Media’s Role in Reinventing Supply Chain Engagement

All Things Supply Chain

Ever peeked behind the curtain to see how your favorite products come to life? Social media’s doing exactly that, pulling back the veil on manufacturing like never before.

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Essential Negotiation Skills for Procurement Professionals

ProcurePort

Negotiation is at the heart of procurement. Whether you’re securing the best prices, managing supplier contracts, or resolving disputes, the ability to negotiate effectively is crucial for procurement professionals. In business today, being good at negotiation is more than just getting a good deal. It’s also about creating lasting relationships, reducing risks, and creating value […] The post Essential Negotiation Skills for Procurement Professionals appeared first on ProcurePo

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Port of Baltimore halts vessel traffic after bridge collapse

Supply Chain Dive

While the port is still processing trucks, the loss of the Francis Scott Key Bridge will disrupt port operations for some time.

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Getting the Most Out of Automating the Modern Warehouse

Supply Chain Brain

Automation has been touted as the key to ramping up warehouse efficiency in the face of a shortfall of labor. But it comes with its own set of problems.

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AI and the practice of Procurement – Contracting and Legal

Spend Matters

Complementing our recent research into AI in procurement solution use cases and our wider theme around AI in general , Spend Matters has been undertaking a series of interviews with senior procurement practitioners to gauge the level of interest in, and infiltration of, AI and generative AI (GenAI) in the practical lives of the procurement organization today.

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A New Priority Greets Procurement Professionals in 2024

SCMR (Supply Chain Management Review)

Cost reduction supplants supply continuity as the top issue facing procurement professionals in The Hackett Group’s annual Key Issues survey.

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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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5 ways drone delivery providers are advancing in 2024

Supply Chain Dive

Announcements from Zipline, DroneUp, Wing and Skyports Drone Services this year demonstrate drones' growing presence in supply chains.

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Watch: Navigating Today's Supply Chain Finance Challenges

Supply Chain Brain

Fermin Caro, managing director of boutique bank ComCap, discusses how to deal with today's supply chain challenges.

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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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Electronics Supply Chain Seeks Balance in 2024

SCMR (Supply Chain Management Review)

Labor costs continue to rise in the electronics supply chain, but industry research finds materials costs and backlogs easing.

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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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Walmart hikes return shipping rates for seller-fulfilled orders

Supply Chain Dive

The retailer didn't disclose the extent of the increase, which it attributed to "changing market conditions.

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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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Port of Vancouver Handles Record Cargo Volume

Procurement Bulletin

Port of Vancouver Handles Record Cargo Volume The past year has been somewhat chaotic for the Port of Vancouver, with worker strikes and a slowdown in global shipping, the Port of Vancouver actually saw a 6% increase in cargo handling from the previous year. Fast-Fashion Behemoth, Shein, Wants to Be Your Supply Friend Shein, the bargain fast-fashion e-commerce provider that has taken the world by storm is planning to open up its supply network to small brands and designers.

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Private cloud use cases: 6 ways private cloud brings value to enterprise business

IBM Supply Chain Blog

As cloud computing continues to transform the enterprise workplace, private cloud infrastructure is evolving in lockstep, helping organizations in industries like healthcare, government and finance customize control over their data to meet compliance, privacy, security and other business needs. According to a report from Future Market Insights (link resides outside ibm.com), the global private cloud services market is forecast to grow to USD 405.30 billion by 2033, up from USD 92.64 billion in 2

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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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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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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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6 Questions With … Tom Plotkin

SCMR (Supply Chain Management Review)

Adhering to ethical and responsible sourcing requirements and public pressure surrounding forced labor is putting new pressures on supply chains. Covington’s Tom Plotkin addresses these questions and more in this 6 Questions With … feature.

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Air Cargo Week: The Power of Predictive Procurement in Logistics

Arkestro

The integration of digital tools, particularly predictive procurement, has revolutionised the logistics landscape, transforming them from mere add-ons to indisp

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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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Lifetime Brands pursues less China reliance with Mexico factory

Supply Chain Dive

The company's plastics manufacturing facility is on track to reach full capacity this year as it pushes to expand its sourcing capabilities.

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How to Overcome Challenges to Creating Sustainable Supply Chains

Supply Chain Brain

For global supply chains striving to meet growing expectations of sustainability, transparency and traceability are essential capabilities.

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Ahead of the curve: How generative AI is revolutionizing the content supply chain

IBM Supply Chain Blog

The global adoption of generative AI is upon us, and it’s essential for marketing organizations to understand and play in this space to stay competitive. With content demands expected to grow in the next few years, organizations need to create more content at a faster pace to meet customer expectations and business needs. Knowing how to manifest these improvements is not always clear: Enter generative AI and the content supply chain.

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Port of Baltimore May Not Reopen Until Summer

SCMR (Supply Chain Management Review)

The Port of Baltimore may remain closed until at least May, and possibly into the summer, as officials investigate and clean up the site of the Francis Scott Key Bridge collapse following a cargo ship strike on Tuesday.

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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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5 takeaways from UPS’ 2024 investor and analyst day

Supply Chain Dive

Company officials provided details on the company's future with Amazon, the evolution of its pricing technology, growth in healthcare and more.

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Blue Yonder Announces Buys One Network Enterprises for $839M

Supply Chain Brain

The deal will mark around $1 billion of investments in acquisitions by Blue Yonder since Q4 2023 in its quest to provide a unified end-to-end supply chain management platform.

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6 Tips for Students to Develop a Career in the Supply Chain

SCMDOJO

The supply chain industry is vital to the global economy with its complex network of activities, people, organizations, information, and resources. As businesses continue to globalize and markets become increasingly interconnected, the demand for skilled supply chain professionals is rising. Understanding the pathway to success is crucial for students eyeing a career in this dynamic field.

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Meet AI in AP Automation

Spend Matters

Artificial intelligence (AI) comes in many forms (for a complete history of AI in procurement see our recently published autogmentation 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. In this series of articles we explore the current state of AI in procurement technology.

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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.