A lot of companies suffered supply chain disruptions due to COVID-19. Certain experts have described the situation as a Keynesian supply shock, a negative event that triggers aggregate supply shortages with bigger impacts than the prior reduction in labor supply. There is still a lot of uncertainty in the air, so many businesses still don’t […]
Tag Archives: supply chain
Why Digitizing Supply Chain Management Will Lead to Greater Efficiency in the New Normal
Going by Deloitte’s report on the performance of SMBs in a digital world, the majority of SMBs have not digitized their supply chain management. Since much of the world has gone digital, this means that several SMBs remain backward and struggle with inefficiency in supply management. The digitization of supply chain operations helps companies to […]
Why Our Supply Chain Failed Us During the Pandemic
We may have crested the wave of COVID-19 that has already taken more than 116,000 lives (count yesterday), across the U.S., but we are far from out of the woods. An insidious problem continues to threaten our ability to combat future pandemics. I’m talking about America’s sluggish and antiquated supply chain. At the height of […]
How Blockchain is Revolutionizing the Supply Chain Industry
The Supply chain has transformed, and companies have not updated the underlying technology for managing them in decades. With Blockchain technology, companies can rebuild their approach to supply chain management at the ecosystem level and go from the island of insight to an integrated global view. “At its most basic level, the core logic of […]
4 Causes of Supply Chain Waste That Business Owners Overlook
You have hidden waste in your supply chain. Save money there, then use those funds to grow your business and put your optimized processes to work.
Tips for Selling Smart Supply Chain Solutions
New technologies have the potential to make supply chains more efficient and more transparent than ever before. Unfortunately, implementing the right technologies in the right way is often easier said than done. Here are tips for selling smart supply chain solutions. Every company is filled with people who have different opinions about which technologies can boost […]
Can Huawei Products Threaten Your Business?
For years, Chinese telecom giant Huawei has been dogged by allegations that its products contain backdoors designed to facilitate Chinese espionage operations abroad. In the U.S., long-simmering tensions came to a head this May, when the Trump administration banned the use of Huawei equipment in U.S. telecom networks. Now, the future of Huawei’s relationship with […]
Bitcoin Pizza and Our Decentralized Future
Blockchain, digital currencies, and DLTs have been at the forefront of conversations this past year. During 2019 we’ve seen consistent growth throughout the entire industry landscape driven by new enterprise implementations & business models, increased venture funding, and decentralized application (DApps). These trends show no signs of slowing down if anything will continue to speed […]
Your Procurement Strategy Should Be More Than Saving Money
Although saving money is important, it’s also the table stakes. What about gaining access to high-quality suppliers, reducing risk, and saving time? It’s those “features” that should be the true focus of your procurement strategy.
Can AI Save the Supply Chain From its Own Destruction?
In the age of click of a button convenience, many see the race to the bottom as competition that is both unsustainable and one where no one wins. Shipping things quickly come at both an environmental cost as well as a monetary cost. As more retailers try to beat each other on price and shipping […]
How AI is Revolutionizing Global Logistics and Supply Chain Management
Artificial intelligence is taking up the pace when it comes to global logistics and supply chain management. As per a number of executives from the transportation industry, these fields are expected to go through a more significant transformation. The on-going evolution in the areas of technologies like artificial intelligence, machine learning, and similar new technologies […]
How AI Is Finally Spreading Through the Supply Chain
The production and distribution of consumer goods and food products are not as cut and dry as it may seem to spectators. With the numerous challenges and complexities throughout the supply chain, artificial intelligence is rightfully standing at the forefront of technological solutions. This is because AI is enhancing efficiency from the first to the […]
Smart-Enabling Each link in a Next-Gen Supply Chain
Any given supply chain is evolving, fast. Globalization, the “servitization” economy and shifting customer expectations are requiring producers to be more nimble than ever before. Economic sustainability is now the name of the game, and to win it, requires a new approach focusing on stakeholder relationships, end-to-end linked supply-chains, and redefining the context in which […]
Zest labs brings IoT and blockchain to the fresh food supply chain
With all the hype around blockchain, it’s a technology that’s still finding its feet when it comes to wide, mainstream adoption. Therefore it’s not every day when you come across a company that uses both IoT sensor technology and the blockchain to solve a common agricultural problem. Zest Labs have created a fresh food management solution that […]
How tweaks to IoT’s supply chain can close security gaps
When it comes to the Internet of Things, traditional cybersecurity approaches are difficult to integrate and can’t keep operational devices secure. Many embedded device approaches isolate systems, offering only partial protection, and only against known attack vectors. Could all of our IoT security issues be resolved through a simple tweak to the supply chain? In […]
The Internet of Packaging? Meet Magic Add
Consider the number of the packaged products in the world, and that the possibility that each could be interactive either within the supply chain as part of the manufacturing process or as a retail product that interacts with the retailer and/or consumer. All of a sudden the size of the Internet of Things (IoT) becomes […]