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Advatix and Coasters Receive Global Award for Digital Transformation of Supply Chain

Advatix and Coasters were presented with the Global Award for "Digital Transformation of Supply Chain" by the University of Southern California's Marshall School of Business, at its 11th Supply Chain Excellence Summit. This award recognizes the companies' efforts in modernizing their supply chain operations and leveraging technology to increase efficiency and reduce costs. The award is a testament to the companies' commitment to innovation and excellence in the supply chain industry. 

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Supply Chain Analytics Market to Cross USD 23.92 Billion by 2030

As per SNS Insider’s research, the supply chain analytics market is poised for substantial growth due to its ability to revolutionize supply chain operations, enhance efficiency, mitigate risks, and deliver superior customer experiences. The Supply Chain Analytics Market, valued at USD 5.18 billion in 2022, is anticipated to reach USD 23.92 billion by 2030, exhibiting a compounded annual growth rate (CAGR) of 21.08% from 2023 to 2030. Supply Chain Analytics Market Overview In the dynamic and interconnected realm of modern commerce, supply chains serve as the lifelines that breathe vitality into industries. But within this intricate dance of raw materials, production, distribution, and consumption lies a world of data waiting to be harnessed. Enter supply chain analytics – an innovative approach that empowers organizations to unlock efficiencies, make informed decisions, and gain a competitive edge in the global marketplace. At its core, supply chain analytics is the strategic utilization of data-driven insights to optimize the various stages of the supply chain process. Market Analysis The supply chain analytics market is experiencing robust growth driven by a convergence of technological advancements, shifting market dynamics, and the increasing recognition of data-driven decision-making across industries. A

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40th Annual Quest for Quality Awards

Our readers have cast their votes and the 40th Annual Quest for Quality Awards have been announced. Logistics Management's annual survey of the transportation and logistics industry has recognized the top carriers, third-party logistics providers, and U.S. ports for their excellence in service. 

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Africa's Rise As A Global Supply Chain Force, Says Unctad Report

African economies can become major participants in global supply chains by harnessing their vast resources of materials needed by high-technology sectors and their own growing consumer markets, the United Nations Conference on Trade and Development (UNCTAD) said in its economic development in africa report 2023 launched today in Nairobi. Supply chains encompass the systems and resources needed to develop, produce and transport goods and services from suppliers to customers.

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The Market Speaks: Procurement Practitioner Requirements and the Tech Vendor Response

Spend Matters constantly updates its understanding of the state of the procurement tech market via RFIs for its SolutionMap dataset, vendor interviews, global event attendance and product demos with the aim of keeping tech-selection decision makers ahead of market trends. This summer and through to the end of the year, Spend Matters conducted a series of interviews with procurement practitioners to gain a better understanding of their wants and needs. The interviews revealed that practitioners are increasingly looking for solutions that are more intuitive, user-friendly, and tailored to their specific needs. They are also looking for solutions that can provide greater visibility and control over their supply chain, as well as improved collaboration with suppliers. The interviews also highlighted the need for more comprehensive supplier management capabilities, such as supplier discovery, supplier information management, supplier performance management, supplier quality management, supplier relationship management, supplier risk and compliance management, and supplier sustainability management. 

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Your Best Side-Kick For Achieving Supply Chain Management Goals

Technology has become more than a support mechanism: it's a strategic tool redefining the rules of engagement. The supply chain sector is a fast-paced environment, and technology has become an essential ally. Its role is more than a support mechanism; it's a strategic tool redefining the rules of engagement. The digital era has ushered in transformative technology to streamline supply chain management. Among these, the P-F interval and predictive maintenance stand out. The P-F interval, indicating the time from a potential failure's first detection to its actual occurrence, is a cornerstone of predictive maintenance. By identifying these failures early, corrective action can be planned before the equipment fails. Sensors embedded in supply chain equipment play a vital role here. They monitor parameters like vibration, temperature, and pressure to detect potential failures and alert the supply chain manager. This information is then used to plan corrective action and prevent equipment failure. 

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Move It or Lose It: Supply Chain Resiliency Through Automation

The COVID pandemic has served as a reminder of the importance of supply chain resiliency. Natural disasters, political instability, transportation disruptions, and manufacturing problems are all threats to the movement of raw materials and goods. To reduce costly delays and better anticipate and mitigate future disruptions, organizations must embrace cloud computing and advanced AI technologies like large language models, machine learning, and robotics. According to an article by Supply & Demand Chain Executive, automation is the key to ensuring supply chain resiliency.

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SCI Wins "Overall Analytics Solution of The Year" Award From SupplyTech Breakthrough

SCI, a leading Canadian 3PL provider specializing in e-commerce fulfillment and transportation management, announced today it is the recipient of the "Overall Analytics Solution of The Year" award in the annual SupplyTech Breakthrough Awards. The awards, conducted by SupplyTech Breakthrough - a leading independent market intelligence organization, evaluates and recognizes standout technology companies, products and services in the supply chain technology and logistics industry around the globe.

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Compass UOL Announces Supply Chain Industry Competency Resources

Compass UOL recently announced the launch of their new Supply Chain Industry Competency Resources blog. The blog is designed to provide industry professionals with up-to-date information on the latest trends and developments in the supply chain industry. The blog will feature articles on topics such as supply chain management, logistics, and technology. It will also provide resources for professionals to stay informed on the latest developments in the industry. 

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Gartner Offers Resources to Help Make Smarter, Faster Decisions

Gartner is a global research and advisory firm that offers resources to help businesses make smarter, faster decisions. They offer a range of tools such as BuySmart, Critical Capabilities, Digital IQ, Hype Cycle, Product Decisions, and Benchmarking Diagnostics to help businesses make the most informed decisions. Gartner also provides expert guidance and templates and frameworks to help businesses with strategic planning and cost optimization. In addition, Gartner provides conferences and communities to help businesses connect with peers and stay up-to-date on the latest trends. With Gartner's resources, businesses can make the best decisions for their organization. 

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