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Machine Learning in the Supply Chain

Supply chain companies are racing to integrate machine learning into their platforms, reports Supply and Demand Executive. 

Supply chain companies are adopting machine learning at such a pace, it won’t be long before the process is commonplace. Across the industry, companies are using machine learning to integrate systems, forecast demand, provide real-time visibility on shipments and improve efficiencies in last-mile deliveries, among a host of other uses.

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Regional Carriers Can Leverage Technology

According to Supply and Demand Executive, improvements in technology are the only way that regional carriers will remain competitive in today’s market. 

Evolution has always been part of human growth, including that of business. However, the popularity of online shopping has soared and recent statistics show that 51% of buyers in the United States not only prefer to shop online, but 80% have made a purchase online in the past month alone. 

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IBM and Moderna Work to Improve Supply Chain

IBM and Moderna are set to collaborate on improvements to the vaccine supply chain, reports PR Newswire. 

Today, Moderna (Nasdaq: MRNA) and IBM (NYSE: IBM) announced their intentions to explore technologies, including artificial intelligence, blockchain and hybrid cloud, that could help support smarter COVID-19 vaccine management. Central to the effort will be a pilot of open, standardized, technology-enabled vaccine distribution approaches aimed to improve supply chain visibility and foster near real-time tracking of vaccine administration.

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Fortna Has New Tool to Help Increase Productivity

According to Supply Chain Quarterly, Fortna has a new tool to help companies increase their supply chain productivity. 

Fortna®, a leading consulting, engineering services and software company for warehousing and distribution, today announced the Fortna Goods-to-Person eCommerce Assessment calculator for companies looking to improve eCommerce picking productivity.

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Technology Helps with Onboarding

Technology is helping companies onboard new supply chain employees during the pandemic, reports Supply & Demand Executive. 

Employment rate is a highly discussed topic during the Coronavirus (COVID-19) pandemic in the supply chain and beyond. And, prior to the pandemic, a labor shortage throughout the supply took hold.

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Supply Chain Problems Hit Tesla

Disruptions to the supply chain are causing Tesla to halt production at its California plant, reports the LA Times. 

Tesla Inc. told workers it will temporarily halt some production at its car assembly plant in California for about two weeks, according to a person familiar with the matter.

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Biden signs executive order to address chip shortage through a review to strengthen supply chains

President Joe Biden signed an executive order Wednesday meant to address a global chip shortage impacting industries ranging from medical supplies to electric vehicles.

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Blockchain Will Help Manufacturing Supply Chain

Experts believe that blockchain will play an important part in the manufacturing supply chain, reports Manufacturing Global. 

The world as we know it has changed significantly in the last decade. As Executive Chairman of the World Economic Forum, Klaus Schwab, said way back in 2015, we are currently living through what could be considered as the Fourth Industrial Revolution.

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Quantum Tech Hits Supply Chain

Quantum technology is being used in the supply chain, reports Material Handling & Logistics. 

Quantum Computing Inc. has introduced Qatalyst, a quantum application accelerator designed to execute complex computations to optimize supply chain, logistics, and other applications.

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New Partnership Means More Visibility

According to Trucking Info, a new partnership between Google and J.B. Hunt Transport will enhance supply chain visibility.

J.B. Hunt Transport Services is teaming up with Google to use artificial intelligence and cloud technology to better connect shipments and available capacity.

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