The recent hack of the Democratic National Committee is the latest in a string of high-profile data breaches that have exposed the private information of millions of Americans. Retail companies, in particular, have been hard hit, resulting in millions of dollars being spent to secure computer systems and compensate consumers.
In today's world of web-based ordering, consumers expect the right products to be available all the time, delivered quickly, and for status updates to be provided at every stage of the process until the product is received. This places very high expectations on wholesalers, suppliers, distributors and retailers alike to ensure they are able to meet this demand, and they have little margin for errors and delays. The manual processes businesses have historically relied on make them vulnerable to the factors that contribute to these shortcomings and can negatively affect production, margins, reputation, scorecard performance and, ultimately, the bottom line. Because of this, supply chain executives are embracing real-time visibility and system collaboration.
All CEOs of 14 North American 3PLs say their companies were profitable in 2015 and believe the regional 3PL industry had also been profitable for the year. Moreover, each sees the bottom line continuing to be positive over the next three years.
Today's rapid pace of change is adding complexity to the roles of shippers and their logistics providers, so many 3PLs have evolved from tactical service providers to collaborative partners that take on greater accountability and control. Providers have also increased their technology expectations, and 3PLs are responding with increased capabilities.
Annual operating costs for heavy goods vehicles could be slashed by around 28 percent per vehicle by 2025 by adopting new digital supply chain technology.
The publication of the Industrial Internet Security Framework by the IIC is a vital early step towards creating security in the Industrial IoT. Strong security becomes increasingly crucial as more and more critical infrastructure becomes connected and remotely controllable.
The Internet of Things has been widely celebrated as a game-changing technology for field service and maintenance applications because it allows one device to "talk" to another, communicating when a machine or system could potentially degrade or fail. But what if the "breakdown" is occurring not within a facility or a production process, but within the human body?
IoT is complex, fast-growing and often intertwined with systems that govern things like water and power. That makes IoT security a critical requirement, but it's one that's not necessarily well understood.
In fairly short order, robots have begun taking over in the corporate world -- infiltrating finance departments, some other functions, and operational areas in a number of industries. For the most part, robots are being deployed to automate repeatable, standardized, or logical tasks historically handled by people.
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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