Analyst Insight: An enterprise-wide global trade strategy increases supply chain cost and service performance for all trading partners and enables importers and exporters to comply with mandatory trade and security regulations. Companies that prioritize best-in-class global supply chain trade practices, maintain effective global transport / trade organizations and employ enabling technologies are the best positioned to capture the economic and brand benefits available in growing and changing global markets. - Don Anderson, Principal, Tompkins International
As pharmaceutical companies have expanded target markets and outsourced production over the last decade, the supply chain has become increasingly global, virtual and vulnerable. As a result, counterfeit activity is thriving - and patients have suffered and died from counterfeit and contaminated drugs.
Analyst Insight: The demand for increased efficiency in China distribution is driving some incremental improvements in supply chain. Growth is on the rise for domestic transportation, localized supply chain IT solutions are experiencing revenue growth, and the amount of automation installed in new facilities is on the rise. Changes are also happening in real estate and there is an increase amongst importing and exporting. - Jim Serstad, Managing Director Asia, Tompkins International
Analyst Insight: Companies competing in the chemical and energy industries continue to place a high priority on sustainability and environmental responsibility. The high visibility of these factors in today's society certainly helps make the case for sustainability and environmental responsibility in terms of maintaining a positive brand image. However, leading firms are also recognizing that efforts to drive sustainability and protect the environment are also helping to deliver additional value beyond brand image. - John Santagate, Research Manager, IDC
Challenge: DMLogic was challenged by a major pharmaceutical manufacturer to help streamline their compliance tracking of temperature-specific drug storage and delivery. While shipments were continuously tracked via their WMS, the manufacturer was forced to manually note temperatures throughout transit via spreadsheet. Eventually, the spreadsheets became cumbersome and the manual tracking was slowing down the process.
Food manufacturers across the globe have admitted failing to put in place basic safeguards to protect vulnerable workers in their supply chains - almost one year on from laws to stop slavery, child labor and unethical working practices.
Researchers at Johns Hopkins Bloomberg School of Public Health have created a safety database on 10,000 chemicals registered in Europe for predicting the toxicity of many of the 90,000 or more other substances in consumer products.
Can we predict the impact of the Trans-Pacific Partnership (TPP) by examining the track record of the North American Free Trade Agreement (Nafta)? Well, maybe.
In a patent filed Feb. 9, Google forecasts potential interest in using autonomous, self-driving vehicles to deliver packages, a concept Amazon and Google have both been exploring with the use of drones.