News (3575)
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.
Read more...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.
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