News (3576)
Revolutionizing Supply Chain Management with Emerging Technologies
Supply chain management is a crucial factor in the success of businesses in the competitive global marketplace. Emerging technologies such as Artificial Intelligence (AI) and Machine Learning (ML), Internet of Things (IoT) and Real-Time Tracking, and Blockchain are revolutionizing the way businesses handle supply chain management. AI and ML algorithms can analyze large volumes of data to generate predictive and prescriptive recommendations, which can help businesses improve route planning, demand forecasting, and inventory management. IoT sensors attached to goods, machines, and other transportation provide useful information on temperature, humidity, position, and other factors, allowing for real-time visibility and the ability to respond quickly to disruptions. Blockchain technology is also increasing transparency and traceability, allowing for better tracking of goods and materials.
Read more...Discover the 2023 Top Tech Startups Changing the Supply Chain Industry
Nominations are now open for Food Logistics' and Supply & Demand Chain Executive's second annual Top Tech Startup award, which highlights the supply chain and logistics' industry's top software and technology startups. Submissions close Nov. 17. According to Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive, many of today's startups are poised to disrupt the supply chain space. They are introducing real-time tracking and carbon footprint solutions, developing robotics and wearables, and improving sustainability, visibility, and food safety. Winners may be selected to participate in interviews leading up to Manifest.
Read more...Microsoft Abruptly Closes Supply Chain Center After Just One Year
Microsoft announced that it will be ending its Supply Chain Center preview less than a year after its launch. The Supply Chain Center was intended to provide a comprehensive solution for supply chain operations, with capabilities such as supply chain visibility, analytics, and optimization. Despite the closure of the preview, some of the solution's capabilities will still be available to customers.
Read more...Discover the Benefits of a Digital Supply Chain
This week in Logistics, Logistics Management reported on the potential of a digital supply chain. According to the article, the use of digital technology in supply chain management has the potential to increase efficiency, reduce costs, and improve customer service. The article discussed the importance of collaboration between shippers, carriers, and third-party logistics providers in order to maximize the benefits of a digital supply chain. It also highlighted the 40th Annual Quest for Quality Awards, which recognize service excellence in the logistics industry. Finally, the article discussed the need for shippers to access reliable emissions data from suppliers and the potential of a manufacturing supercycle.
Read more...Small Supply Chain Projects Receive Funding Boost Under Biden-Harris Administration
In a move to strengthen the United States' technological infrastructure and competitiveness, the Biden-Harris administration has announced a new Notice of Funding Opportunity (NOFO) under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. This NOFO targets smaller supply chain projects, aiming to bolster American manufacturing capabilities and reduce supply chain vulnerabilities. EverGlade Consulting, a company that connects public sector needs with private sector solutions, has commented that the NOFO will direct funding toward businesses specializing in semiconductor production and other related activities.
Read more...Companies are Wasting the Benefits of Supply Chain Data
According to a survey conducted by FourKites, fewer than half of companies are using the data generated by the digitization trend to inform their strategies, despite the push to de-risk supply chains. The survey, conducted in 2023, revealed that corporate supply chains are awash in data, but few companies are taking advantage of the potential benefits.
Read more...Semiconductor Market with Partstack
Partstack is a powerful tool that gives users access to the semiconductor market's most comprehensive catalog of component pricing and part availability data from a curated “stack” of diverse global suppliers. With Partstack, users can search for a single component or thousands, and get datasheets, tech specs, and more for over 1 billion parts.
Read more...Kuehne+Nagel and Capgemini Supply Chain Orchestration Service
Swiss freight forwarder Kuehne+Nagel and consulting firm Capgemini have announced a collaboration to create a supply chain orchestration service that will help large corporations cope with global ecosystem disruptions, targeting the consumer, healthcare, and industrial sectors. The joint product is designed to provide a comprehensive view of the supply chain and enable customers to respond quickly to disruptions. It will also provide customers with the ability to analyze data and make decisions in real-time.
Read more...RizePoint Delivers Quality Management Solutions at Prestigious Industry Events
RizePoint, a global leader in quality management software solutions, recently had a significant presence at two prestigious industry events, the North American Executive Supply Chain Summit and North American Food Safety & Quality Conference. At these events, their leadership team discussed the importance of using the latest technologies to improve safety and quality programs. The team discussed how these technologies can dramatically improve quality, safety, transparency, accuracy, and efficiency.
Read more...FourKites' Generative AI Product
Supply chain visibility provider FourKites has launched a generative artificial intelligence (AI) solution that can uncover insights from supply chain data pools. The solution, which utilizes natural language interface, can identify opportunities for optimization and automate time-consuming tasks. According to FourKites, the AI product is designed to help companies make more informed decisions and improve the efficiency of their supply chain operations.
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