According to a recent MHI survey, the majority of supply chain leaders are investing significant capital in digital refinement within their companies. The pandemic seems to have ushered this movement forward, as supply chain issues plagued every sector of most industries.
Those slow to adopt better digital transformation are expected to be left in the dust.
Flexport has launched The Convoy Platform, a technology solution aimed at providing small carriers with access to freight while offering real-time competitive rates, shipment visibility, and on-time performance to shippers and brokers.
C.H. Robinson, a third-party logistics provider, is stepping up its game by going digital with electronic bills of lading (eBOLs).
Ryder System, a leading logistics and transportation giant based in Miami, has established an innovation laboratory in Silicon Valley with a focus on transforming transportation and supply chain networks and preparing for the upcoming wave of AI technologies.
Pierfrancesco Manenti, Gartner vice president analyst, highlights the concept of "commercial innovation" in supply chain management, referring to the efficiencies that can be achieved for both providers and customers.
Op-ed authors Olivia Letts and Jerry McGinn suggest that the US defense industry should consider implementing second sourcing as a solution to supply chain limitations and enhance resilience.
Puma has pledged to source all its leather from verified deforestation-free supply chains by 2030, or even earlier, as part of its commitment to enhance transparency in its leather supply chain.
Following the MOVEit ransomware cyberattack, a cybersecurity expert highlights the significant threat posed by supply chain cyberattacks, which have the potential to force organizations out of business.
The reliance on third-party providers poses significant cyber risks for organizations, with a majority (57%) experiencing breaches or attacks through these relationships.
The Port of Nagoya, Japan's largest maritime port, fell victim to a ransomware attack allegedly carried out by a Russian cybercriminal group, causing significant disruptions to cargo operations.
The rise of online ticket booking revolutionized the way people purchase flights, offering transparency and convenience.
The disruptions and rising freight costs experienced in recent times have prompted businesses to seek aggressive cost-saving measures.
Supply chain control towers are increasingly recognized as crucial tools in addressing the challenges faced by organizations, particularly in terms of visibility and decision-making.
Technology plays a vital role in the supply chain, empowering and improving processes in the movement and storage of goods.
Digitalization has brought about transformative changes in logistics and the supply chain, revolutionizing global operations.
Sumit Dutta, a supply chain expert from EY, believes that to achieve a true "end-to-end" supply chain, businesses need to design their supply chain from the start, considering factors such as sourcing, shipping destinations, and customer service.
Beyond technology and processes, there is ample room for innovation in supply chain management and logistics through business model transformation.
Transportation management systems (TMS) have become crucial investments for shippers, but selecting the right one can be challenging.
The concept of the Internet of Things (IoT) has evolved significantly since its inception, moving beyond tracking larger items to encompassing smaller units as well.
Chipotle Mexican Grill is expanding its use of radio-frequency identification (RFID) technology to track ingredients from suppliers to restaurants in real time.
Manhattan Associates, a supply chain technology vendor, has introduced new capabilities for its cloud-based omnichannel software platforms, targeting retailers, manufacturers, and distributors.
According to a report by PitchBook, venture capital (VC) investment in the supply chain technology sector experienced a significant decline in Q1 2023, plummeting by 45.3% compared to Q4 2022.
Analytics play a vital role in supply chain management by providing valuable insights into different aspects of the supply chain, including demand forecasting, inventory management, transportation and logistics optimization, supplier management, and risk management.
A recent study has revealed that over a fifth of companies fail to conduct security checks before entering into a contract with a third-party supplier.
In addition to its core business, Ascend is now using immersive technology systems to train new truck drivers.
Cybersecurity is an increasingly important issue in the supply chain, as companies are increasingly reliant on digital systems to manage their operations.
The Bluegrass State’s economy relies heavily on manufacturing, accounting for nearly 12.5% of its entire workforce.
The Biden Administration announced its plans to expand the minimum cybersecurity requirements for critical industries with the goals of prevention - before cyberattacks can even begin.
Dole, the company famous for its delicious and sweet pineapples, has announced that it had to pause production in North America after ransomware attacked its company systems.
Amazon Web Services Mexico (AWS), a branch of Amazon.com Inc., plans to invest over $5 billion in constructing a series of data centers in Mexico, catering to the rising demand for cloud services amid technological advancements.