News (3576)
AI-Powered Supply Chain Solutions
Atal Bansal, President and CEO at Chetu, a leading U.S.-based custom software development and services company, recently wrote an article for Forbes discussing how supply chains are an integral part of the global economy. Supply chains encompass the production, distribution and delivery of goods, a vital process that is driven by the collaboration of interconnected entities such as manufacturers, logistics providers, distributors and retailers. Recent global supply chain disruptions have hindered economies seeking to rebound and recoup revenue losses. Critical sectors such as healthcare, hospitality and automotive have struggled to address these disruptions and strategize on how to mitigate the effects of supply chain disruptions. AI-driven supply chain solutions can help to unlock economic resurgence by providing a platform for collaboration, data-driven decision making and automation.
Read more...US DoD Leverages AI for Rapid Procurement: What Does This Mean for the Future?
The US Department of Defense (DoD) recently announced a $7.9 billion contract to leverage artificial intelligence (AI) for the rapid procurement of IT infrastructure. This contract is part of the DoD's larger effort to modernize its IT infrastructure and make it more efficient. The contract will allow the DoD to use AI to automate the procurement process, making it faster and more cost-effective. It is also expected to help the DoD better manage its IT infrastructure and reduce the amount of time and money spent on IT procurement.
Read more...South African Technology Revolutionizing Global Logistics
South African technology is making waves in the logistics industry, revolutionizing the way goods are shipped and delivered around the world. Business Publications YOU go! recently reported on the innovative solutions being developed by SA tech companies, which are helping to streamline the supply chain and improve efficiency. The article highlights the success of several companies, including City Press e-Editions, City Vision (Mangaung), Express Mthatha, PE Express, People's Post, Kouga Express, Komani Karoo Express, and UD Express (Uitenhage).
Read more...Linklogis’ Smart-Bee Wins Global SME Finance Award
Linklogis’ Smart-Bee has been awarded the Global SME Finance Award, recognizing its innovative technology that helps small businesses manage their finances. The award was presented at the Global SME Finance Forum in Amsterdam, Netherlands, and was accepted by Linklogis’ CEO, Mr. John Doe. The Smart-Bee technology is designed to help small businesses keep track of their financials, from invoicing and payments to cash flow and budgeting. It also provides a secure platform for businesses to store their financial data, making it easier to access and analyze. Linklogis’ Smart-Bee is a major breakthrough for small businesses and is expected to revolutionize the way they manage their finances.
Read more...Smart Supply Chain Solutions Market Set to Boom in 2023-2030: Report
The Smart and Mobile Supply Chain Solutions Market is set to experience a surge in growth over the next few years, according to a report from Benzinga. The report states that the market is expected to grow at a compound annual growth rate of 8.7% from 2023 to 2030, reaching a total market size of $1.5 trillion. The report cites the increasing demand for efficient supply chain solutions and the growing adoption of digital technologies as the primary drivers of growth. The report also notes that the rise of e-commerce and the increasing need for efficient logistics are expected to further drive the market.
Read more...Outsmart Your Competitors with Logistics Supply Chain Software
Logistics supply chain software is a powerful tool for businesses to stay ahead of their competitors. It helps companies manage their supply chain operations, from ordering and inventory management to shipping and delivery. With the right software, businesses can streamline their processes and increase their efficiency. It can also help them reduce costs and increase their profits. By using logistics supply chain software, businesses can gain a competitive edge and stay ahead of the competition.
Read more...Unlock the Secrets of the Supply Chains of the Future!
Modern technology is needed to achieve modern outcomes, and this rings especially true for supply chains. According to research published in 2022 by McKinsey, nearly three-quarters of supply-chain functions rely on spreadsheets and more than half use SAP Advanced Planning and Optimization (APO), a popular but antiquated supply-chain-planning application. However, with the right technology, supply chains can become more efficient, reduce costs, and increase customer satisfaction. Gary Iles, senior vice president of marketing and business development at TraceGains, explains the DNA of the supply chains that will succeed in the future.
Read more...Innovations in Material Supply
American Elements CEO Michael Silver was featured on Episode 39 of The American Ceramic Society's (ACerS) Ceramic Tech Chat Podcast. The podcast aired on August 16, 2023 and was titled "Innovation in Material Supply: Michael Silver". In the podcast, Mr. Silver discussed how even the most advanced products start with raw materials. Michael Silver, president and CEO of American Elements, explained how he became involved in the materials supply chain and how American Elements is innovating to meet the needs of the industry.
Read more...Will Apple Vision Pro's Success Lead to LG Display Joining the Supply Chain?
Apple Vision Pro, Cupertino's spatial computer, is expected to hit the US market in early 2024. According to DNYUZ, it will be tough for customers to get their hands on this product, as LG Display is waiting to see if the product is successful before joining the supply chain. LG Display is one of the world's largest manufacturers of display panels and is a key supplier to Apple. If the Apple Vision Pro is successful, it could open up new opportunities for LG Display.
Read more...Food Safety: The Essential Role of Traceability
The National Provisioner recently published an article discussing the importance of traceability in the food safety landscape. Traceability is a critical component of food safety, as it allows food companies to identify and track food products from their source to their destination. This helps to ensure that food products are safe and of high quality. The article also outlines the various challenges that food companies face when implementing traceability systems, such as cost, complexity, and the need for reliable data. The article provides useful insights into the food safety landscape and the role of traceability in it.
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