- The Port of Baltimore may remain closed until at least May, and possibly into the summer, as officials investigate and clean up the site of the Francis Scott Key Bridge collapse following a cargo ship strike on Tuesday.
- In this Special Digital Edition of Supply Chain Management Review, you will find insights on the importance of sales and operations planning (S&OP) to an organization’s bottom line.
- Cost reduction supplants supply continuity as the top issue facing procurement professionals in The Hackett Group’s annual Key Issues survey.
- Commercial shipping traffic into and out of the Port of Baltimore remains on hold following the collapse of a bridge in the region on Tuesday.
- Procurement activities can have a positive impact on a business’ bottom line, leading to more profit without the need to expand spending.
- The Francis Scott Key Bridge in Baltimore was struck by a 948-foot cargo ship and collapsed early Tuesday morning, causing the bridge and several cars to fall into the Patapsco River. The supply chain impact is uncertain at this point.
- Adhering to ethical and responsible sourcing requirements and public pressure surrounding forced labor is putting new pressures on supply chains. Covington’s Tom Plotkin addresses these questions and more in this 6 Questions With … feature.
- February imports, at 2.44 million TEU (Twenty-Foot Equivalent Units) increased 21% compared to February 2023. And when taking into account, the timing of the Lunar New Year, coupled with the impact of ongoing Red Sea and Panama Canal...
- Lack of predictive view leaving organizations vulnerable to disruption
- Labor costs continue to rise in the electronics supply chain, but industry research finds materials costs and backlogs easing.
- Read the case study to unpack how the change to this electric power option can help operations limit costs, reduce emissions, improve work environments and boost labor utilization.
- GAF’s Marianna Vydrevich sees technology like AI playing a role in supply chain network design, but she lives for that Aha! moment. Meet our March NextGen Leader.
- NRF is pegging 2024 retail sales to increase between 2.5%-to-3.5% to between $5.23 trillion and $5.28 trillion. Should this forecast come to fruition, NRF said that it would top 2023 retail sales, which rose 3.6% to $5.1 trillion.
- More procurement leaders are trying to implement AI and automation into their operations, shifting gears from a what’s possible to a how-to-implement strategy.
- The COVID pandemic accelerated the adoption of online supply chain education. Today, organizations and employees have their choice of online, in-person or hybrid learning environments, but there is no one-size-fits-all approach.
- Most companies resist employee turnover, but embracing it can offer advantages to organizations, including lower onboarding costs.
- Good reporting standards should be part of an organization’s policies and guidelines. Don’t wait until someone asks, and don’t force someone to be an exception: make sure that your data visualizations can be read by all those who receive...
- A Boston Consulting Group survey of global executives found a majority are targeting supply chain and manufacturing costs as the biggest areas to achieve cost savings in 2024.
- Commerce reported that February retail sales, at $700.7 billion, rose 0.6% compared to January and were up 1.5% annually.
- Inflation continues to impact the U.S. economy, but could a fear of supply shortages have caused a hoarding of materials and contributed to inflation’s rise?
- Supply chain disruptions come in many forms, but digital approaches and end-to-end thinking are helping organizations evolve.
- Many supply chains have developed plans to navigate through disruptions, but fewer have detailed crisis management plans to implement should the unthinkable happen.
- Despite the proliferation of technology to ease the process, most smaller businesses are not prioritizing the strengthening of their supply chains.
- Gartner’s annual DEI survey finds that companies continue to invest in programs as it leads to better employee attraction, retention and overall wellness.
- For shippers, properly assessing market conditions is critical to bid season. Data, when used correctly, can be an asset to this process.
- PepsiCo is known for its iconic food and beverage items, but it required partnering with other organizations to truly remake its supply chain on a journey to be “always everywhere” for its customers.
- The Services PMI, at 52.6 (a reading of 50 or higher signals growth), fell 0.8% in February, while growing, at a slower rate, for the 14th consecutive month. This marks growth in 44 of the last 45 months, with December 2022 being the one...
- The long history of academia, industry and students working together to create supply chain solutions has never been more important as complexity increases.
- Boeing is providing a real-time case study on why supply chain diligence is vital to the health of your organization.
- How to add vigilance to supply chain management.
- The SC-Flexibility Drivers Matrix creates a roadmap to creating the versatility modern supply chains require.
- Leveraging a profound truth and the power of silence to improve collaboration and supply chain performance.
- Artificial intelligence is infiltrating the workplace in ways far beyond managing a robot workforce.
- The promise of faster transactions, lower costs, and widespread executive buy-in are driving AI-powered procurement to deliver new efficiencies and insights.
- Supply chain managers working with sales and marketing can ensure products in demand match with available supply to maximize profits.
- Strategies for weaponizing supply chain/network management capabilities in uncertain times.
- The infographic below shows how organizations performed on their business goals in 2023, as well as areas of focus for 2024.
- Organizations are prioritizing preparedness against ongoing uncertainty.
- The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.
- Project seeks to “place a data scientist in the pockets” of procurement professionals.
- Procurement processes must now consider ethical sourcing as a key element, and one that can significantly harm the organization if not followed.
- As more companies move production and sourcing closer to home, several factors should be considered before making the move.
- Converting existing networks to 5G technology gives supply chains new opportunities to improve speed, accuracy and overall customer service.
- SAP’s Ethosa Thurman answers Supply Chain Management Review’s 6 Questions on ethical sourcing and procurement practices.
- Nearshoring efforts and climate impacts regularly disrupting supply chains are just two of the challenges facing the life sciences supply chain, and lives are at stake if it fails.
- Politics seems to be on everyone’s mind in this election year and the effects on supply chains are becoming evident in every aspect of our work.
- Don't miss out on the perfect Yard and Dock management software for your warehouse operations. Save time and stress with this handy Toolkit.
- Say goodbye to costly shipping errors and hello to perfectly packed orders with our comprehensive white paper. Download now!
- Supplier quality leaders can drive supplier improvements beyond compliance requirements through a series of steps that do not require additional financial resources.
- Using artificial intelligence in the classroom is not without concerns, but it also offers supply chain students access to an increasingly critical industry tool.