News (3575)
Supply Chain Problems Highlighted by Covid
According to Investors, Covid19 is exposing flaws in the existing supply chains.
As the coronavirus pounds economies worldwide, the disease has ripped the foundations of modern supply chain management and left businesses struggling to get crucial materials.
Read more...Tech Keeps Supply Chain Flowing
Technology is playing a critical role in helping stores keep their shelves stocked during the pandemic, reports Grit Daily.
Any global crisis will put new and unexpected strain on the food supply chain. While this often means serious inefficiency — food that’s destined for stores is wasted while consumers and food banks contend with empty shelves — the strain can also fast-track new technology and supply chain methods. .
Read more...Covid-19 Causes Waves in Alcohol Supply Chain
According to Yahoo Finance, the Covid-19 pandemic is causing a spike in the alchohol supply chain.
With people across the U.S. facing orders to remain in their homes, and bars and restaurants closed as part of the ongoing effort to quell the coronavirus outbreak, alcohol sales have gone through the roof.
Read more...Satellite Company Helps with Supply Chain Tracking
A California company is assisting companies with tracking their supply chains during the Covid-19 pandemic, reports Bloomberg.
As the coronavirus pandemic leads to anxiety over the strength of the world’s food supply chains, everyone from governments to banks are turning to the skies for help.
Read more...Blockchain in the Asian Supply Chain
Asia’s farmers are embracing blockchain to help them ensure their supply chain is transparent, reports Nikkei Asia Review.
After scanning a barcode at Indonesian coffee chain Blue Korintji Coffee, paying customers can identify the farmer who grew their coffee, the company that roasted the beans and even the logistics involved.
Read more...AI-enabled retail software revenue to rise nearly eightfold by 2025
With the global retail industry facing intensifying headwinds from online rivals and the virtual elimination of footfall traffic in the wake of COVID-19, stores increasingly are turning to artificial intelligence (AI) software to enhance their efficiency, helping drive nearly an eightfold rise in sales of such software by 2025. Worldwide spending on AI software for retail uses is forecasted to expand to $9.8 billion in 2025, up from $1.3 billion in 2019, according to the Artificial Intelligence for Retail Applications report from Omdia. Globally, retailers will invest $37.3 billion on AI-driven solutions from 2019 through 2025.
Read more...Mayo Clinic Tries to Help Medical Supply Chain
The Mayo Clinic is working hard to keep vital supplies like masks flowing to hospitals, reports Kare11.
With the concerns in the supply chain, many folks are trying to come up with alternate solutions. That includes Mayo Clinic's 3D anatomic Modeling lab. While they can't just print masks, they are working on other options. “It is all hands-on deck, every day, every week,” says Dr. Jonathan Morris with Mayo Clinic’s 3D printing lab.
Read more...Blockchain Could Help During Pandemic
Blockchain could be deployed to help hospitals get resources during the pandemic, reports Roll Call.
Companies that specialize in moving goods from one place to another are starting to use the technology that powers cryptocurrency to streamline their work, and they say it could help hospitals stay stocked and staffed during pandemics like the one caused by COVID-19.
Read more...BMW Turns to Blockchain for Transparency
According to Electrive, BMW is using PartChain, which employs blockchaing technology, to make their supply chain more transparent.
BMW has initiated the organisation PartChain that uses blockchain technology to increase transparency in worldwide supply chains regarding raw materials and components. Interested companies are invited to join the initiative.
Read more...Business Could be Disrupted for up to Six Months
According to CNBC, experts believe it could take up to six months after the end of the Covid-19 crisis for businesses to return to normal.
The biggest task facing the world right now is stopping the spread of the coronavirus. But even when the global public health crisis is under control and global supply chain disruptions caused by COVID-19 end, many large companies expect that business will not return to normal for between three to six months
Read more...
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