There's been a a dramatic leap in awareness of the importance of supply chain management, one that will come with many opportunities for both employees and employers.
Around half of all last-mile related costs are expended in the last few hundred feet because of challenges in finding the exact delivery location and, worse, deliveries fail altogether because the person making the delivery cannot find the exact right location.
A survey from the Food Industry Association found that 70% of retailers said supply chain disruptions are negatively impacting their business, up from 42% the year before.
The ocean freight industry is greatly in need of a way to automate and digitize the contracting process — and so is every other stage of the supply chain, says Matt Marshall, senior vice president with NYSHEX.
A rising Consumer Price Index directly correlates to the cost of financing equipment, but it can also have a significant ripple effect on other cost centers, such as maintenance and repair.
Challenge: Client distribution of perishable products across approximately 150 retail stores in 35 states was creating challenges for receiving teams, who struggled to find and download data loggers when unloading trucks. Compliance failures resulted. For recovered devices, a time-consuming download process followed which also required outdated software.
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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