Challenge: As a quickly growing business, one of the world's largest infrastructure and irrigation equipment providers realized its existing approach to managing freight invoices wasn't keeping up. An entirely manual process – from tearing envelopes to rubber stamping G/L codes – the company was not only wasting valuable time and resources, but encountering costly errors.
Actility, the European startup battling with rival Sigfox to connect things from fuel tanks to Amsterdam's canals to the internet, has raised $75m from investors in a bid to win business in the industrial sector.
Mar Pizza, one of the largest business owners of Domino's Pizza franchises, is installing an Internet of Things system with ZigBee-based technology from Unified Office to manage temperatures at its approximately 70 restaurants.
New technology from Alibaba Cloud aims to predict when and where large airfreight shipments will be sent each day for a range of forwarders and shippers. Alibaba says its new artificial intelligence (AI) platform, called PAI 2.0, will provide businesses and organizations machine-learning capabilities.
Analyst Insight: Relatively flat growth over the past several years coupled with margin erosion and heavy M&A activity in the industry has companies looking to the their supply chains for greater efficiencies. Long-tail SKUs and accelerated obsolescence cycles are clogging storage capacity that is needed for expansion of new lines, categories and products to deliver "one-stop shopping" for customers and competitive advantage for distributors. The next competitive edge will come, not from step change, but from transformational projects that deliver unprecedented efficiency and agility. - Chris Mehl, electronics industry leader, Fortna Inc.
Analyst Insight: Internet of Things (IoT) and smart product resellers connect industry networks to the customer. They offer service in addition to supply, and are familiar with product demonstrations, try-before-you-buy deals, how to handle product version changeovers, and many more practicalities of doing business. By 2020, these resellers will need new tools to simplify the buying process because they will be selling to the majority, not just to early adopters. - Peter Thorne, director, Cambashi Ltd.
Jameson Irish Whiskey celebrated St. Patrick's Day with a near field communication (NFC)-enabled system to provide consumer engagement with each of its limited-edition bottles. The whiskey brand, owned by global beverage firm Pernod Ricard, has launched its Limited Edition Bottle 2017, with technology to enable consumers to connect with content about the company and its product, and to be included in a drawing for several prizes specific to Ireland.
TransVoyant has announced its new product TransVoyant Precise Predictive Risk (P2R), a machine learning-based risk management and prediction tool that the software company says enables organizations to monitor, analyze and remediate risks to physical facilities, inventory in motion and in storage, human capital, competitors and extended trading partners around the world.
Analyst Insight: End-to-end supply-chain visibility is one of the top five pain points facing executives in modern global supply chains. It allows supply-chain trading partners to visualize, share, collaborate and manage every aspect of supply chain processes, from raw materials to end customers. While businesses put resources towards improving supply-chain visibility, they find it is difficult to attain without connection to a value network that fosters sharing among stakeholders and good, quality information. Simply put, for a business to sustain growth in the current volatile business environment, executives need end-to-end supply-chain visibility to gain insights into activities they don’t control. - Cindi Hane, vice president of product management, Elemica
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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