News

News (3576)

Verusen Wins Multiple Awards for Supply Chain Industry Excellence

Verusen, a global MRO materials intelligence innovator, has been honored with two leading technology awards for supply chain industry excellence. The company was recognized as a winning company in the ‘Top Tech Startup’ category for the supply chain and logistics space by leading industry publications Food Logistics and Supply & Demand Chain Executive. Verusen also won a Top Software & Tech Award for its AI-powered Trusted Supply in the Procurement/ERP category. The awards recognize Verusen's success in helping customers use advanced data science and AI to harmonize disparate material data across multiple enterprise systems. This helps organizations collaborate, optimize working capital, and lower risk across their supply network.

Read more...

Global Cognitive Supply Chain Market to Reach USD 31.10 Billion By 2032

The Global Cognitive Supply Chain Market is projected to reach USD 31.10 Billion by 2032, according to a new report by Polaris Market Research. The market is expected to grow at a CAGR of 15.6% during the forecast period 2021-2032. Cognitive supply chain is a combination of cognitive computing, artificial intelligence, and machine learning to automate the supply chain process. The cognitive supply chain is used to improve the efficiency of the supply chain process and reduce the cost of production.

Read more...

Autonomous Vehicle Logistics Revolutionizing Supply Chain

Venti Technologies, a world leader in autonomous vehicle logistics for global supply chain and industrial and logistics yards, was recently recognized as a winner of Food Logistics and Supply & Demand Chain Executive's Top Tech Startups award. This award spotlights top software and technology startups in the supply chain and logistics space. Venti Technologies' AI algorithms are applied to its core autonomy solution and are able to work with any vehicle in any closed environment, such as ports, airports, warehouses, and factories. The company's solutions have extended robotics applications in logistics by developing lane markings as an independent object category for navigation.

Read more...

Unlock Supply Chain Complexity and Achieve Success

Supply chain complexity can be a major challenge for businesses. According to Yahoo Finance, the U.S. markets closed with the S&P 500 at 4,554.89 and the Dow Jones at 35,416.98. Both the S&P 500 and Dow Jones saw a slight increase of 0.10% and 0.24%, respectively. This indicates that businesses may be overcoming supply chain complexity and achieving success.

Read more...

President Biden Announces New Actions to Strengthen America's Supply Chains

President Joe Biden recently announced new actions to strengthen America's supply chains, lower costs for families, and secure key sectors. The White House released a fact sheet outlining the new actions, which include improving the resilience of the supply chain, increasing the production of critical goods, and investing in research and development. The President also announced a new initiative to help small businesses better compete in the global economy. The initiative will provide resources to help small businesses access capital, increase their exports, and create jobs.

Read more...

Equipment Depot Leads the Way with AWS Supply Chain in Material Handling

Equipment Depot has become an early adopter of Amazon Web Services' Supply Chain in the material handling industry. This new technology is designed to help companies manage their supply chain more efficiently, allowing them to better track inventory, reduce costs, and improve customer service. According to PRWeb, the service is already being used by a number of companies in the industry, and Equipment Depot is the latest to join the ranks. With this new technology, Equipment Depot is looking to streamline their operations and provide better customer service.

Read more...

Exploring the Benefits of Blockchain Technology on Supply Chain Management

In the 21st century, technology and business have become intertwined, leading to the emergence of blockchain technology as a key player in various industries. One sector that has seen a major shift due to blockchain is supply chain management. This article looks at the impact of blockchain on supply chains, exploring the mechanisms behind this transformation and the advantages it brings to businesses around the world. Blockchain, which was initially developed as the underlying technology for Bitcoin, is a digital ledger system that records and stores data in a secure and transparent manner. It is decentralized, meaning that it is not controlled by any single entity, and it is immutable, meaning that the data stored in it cannot be changed or tampered with. By using blockchain technology, businesses can streamline their supply chain processes, making them more efficient and secure.

Read more...

4 Best Practices to Improve Supply Chain Efficiency

Improving supply chain efficiency is critical for companies to remain competitive in the market. This article provides some suggestions on how to enhance the efficiency of logistics processes and boost company profitability. A supply chain is an integrated network of units, processes, and activities designed to produce, transport, and deliver products from raw material to the final product. It includes various stages, such as raw material sourcing, processing, production, storage, transportation, and distribution, up to the sale to the final consumer. In the context of supply chain optimization, companies should consider the following best practices: automating processes, improving collaboration, using analytics, and investing in technology.

Read more...

Uncovering the Top 10 Logistics and Supply Chain Startups in the US

The logistics and supply chain industry has been undergoing a significant transformation in recent years, driven by the rise of innovative startups. These companies leverage cutting-edge technologies to streamline and optimize various aspects of the supply chain, from transportation and warehousing to inventory management and visibility. According to Scoopearth.com, the top 10 logistics and supply chain startups in the US are Flexport, Convoy, ShipBob, uShip, FourKites, Flexe, Stord, Transfix, Kargo, and Loadsmart. Each of these companies is utilizing technology to make the supply chain more efficient and effective.

Read more...

Unlock the Potential of AI and Blockchain in Supply Chain Management

In a world of rapidly evolving technology, the fusion of Artificial Intelligence (AI) and Blockchain is creating seismic shifts across industries. Among the sectors experiencing significant transformation, supply chain management is emerging as a prime candidate. AI and Blockchain are offering innovative solutions to long-standing challenges in supply chain operations, promising increased transparency, efficiency, and security. Traditional supply chains have been plagued by lack of transparency, inefficient processes, counterfeiting and fraud, and data silos. AI brings the power of automation, data analysis, and predictive capabilities to supply chain operations, allowing for greater visibility and accuracy. Blockchain technology can help to reduce costs, increase efficiency, and create a secure and immutable record of transactions. According to an article by 169Pi on Medium, AI and Blockchain have the potential to revolutionize the supply chain industry.

Read more...

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.