News (3594)
Combating Supply Chain Challenges
According to Supply Chain Digital, some companies are working to combat the recent supply chain challenges.
Massive stress across the global supply chain has created an urgent need for innovation within the mobility industry. Online retail sales surged from $598 billion in 2019 to over $791 billion in 2020, creating revolving shortages, delivery delays, and a spike in transportation costs.
Read more...Supply Chain Faces Cyber Threat
Cyber criminals are targeting supply chains in their latest wave of attacks, reports Fox Business.
Against a backdrop of extreme volatility in the supply chain of goods, cyber criminals on the dark web have been peddling sensitive information that can provide access to supply chain companies’ computers, according to a report from cyber intelligence firm Intel 471.
Read more...Blockchain Could Help Pharm Supply Chain
Could blockchain be the answer to the supply chain issues facing the pharmacy industry, reports Pharmacy Times.
Blockchain offers a number of potential solutions to supply chain issues currently facing the medical industry.
Read more...Apple Weathers Chip Shortage
Apple may be out of danger regarding the semiconductor chip shortage, but without overhaul to the supply chain many more companies could fail, reports CNBC.
The semiconductor chip shortage is old news, but when the second-largest public company in the history of the U.S. stock market says it just left $6 billion in potential sales on the table as a result of limited chip supply — as Apple just did — it reinforces why the U.S. economy needs to rethink how it sources its semiconducting technology so that doesn’t happen again.
Read more...AI Could Be Answer to Supply Chain Problems
According to Technology Review, artificial intelligence could solve the supply chain problems.
With the supply-chain disruptions of the past two years showing no signs of easing anytime soon, businesses are turning to a new generation of AI-powered simulations called digital twins to help them get goods and services to customers on time
Read more...The Global Supply Chain Needs A Digital Revolution
It is time for a digital transformation to revolutionize the global supply chain, reports WE Forums.
During the COVID-19 pandemic, schools, hospitals, businesses and governments have depended on technological innovation more than ever before to keep their operations afloat. As nations work to rebuild and reinvigorate the global economy, recovery plans must focus on creating jobs, investing in infrastructure and driving innovation with sustainability at the very core.
Read more...Retail Online Shopping Clogs Supply Chain
Consumers' retail shopping habits are causing problems in the supply chain, reports Forbes.
A snarled supply chain is threatening the make-or-break holiday season.
Read more...Retailers Causing Supply Chain Issues
According to CNBC, retailers over ordering and ordering too early is causing increased strain on the supply chain.
Retailers and manufacturers are overordering or placing orders too early amid panic over the massive supply chain crisis, and that’s making things much worse, those in the industry told CNBC.
Read more...Clearing the Ports is One Step in Fixing Supply Chain
Clearing the ports will not quickly fix the supply chain problem, reports Forbes.
This week the Biden administration addressed the most visible sign of the nation’s supply chain crisis: opening the Los Angeles and Long Beach, CA ports to work around the clock to unload cargo ships.
Read more...Supply Chains Vulnerable to Cyber Attacks
According to Fox Business, the supply chain is a target for a majority of cyber attacks. Over 95% of the companies surveyed admitted to a cybersecurity breach of their supply chain.
A new study says that the supply chain is a magnet for cyber breaches.
Read more...
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