Artificial intelligence has been widely hyped for its potential to transform a broad swath of industries, from cybersecurity to medicine. Now, we might start to get a clearer picture for how it could be used to change the way we shop.
Let's face it: everyone likes to get a good deal on a purchase. For many consumers, saving money on something isn’t just a delightful coincidence: it's a necessity. This reality will also sound very familiar to businesses that are working with limited resources and stretched budgets. The pressure is on to save money on purchasing decisions, and that can make going with the lowest priced option seem like a good idea.
For those in dry bulk shipping, the market since the beginning of 2014 has been the worst downturn since the mid-eighties. Access to finance and liquidity will likely continue to be a pressing corporate issue for ship owners until the markets recover, and the longer this takes the worse the situation will get.
Globalization - that irresistible force that was inevitably, inexorably making the world flat - looks to be in retreat. Trade growth has never recovered to the levels reached before the 2008 financial crisis. Donald Trump is fueling his presidential campaign on fear of free trade and immigration. The economic problems of the U.S., he blasted in a June speech, are "the consequence of a leadership class that worships globalism over Americanism." Then came Brexit, the worst setback for the European Union, that most ambitious experiment in globalization. Money manager Bill Gross said Brexit marks "the end of globalization as we've known it."
E2open, provider of a supply-chain operating network, has acquired Orchestro, a vendor of demand-signal repositories and preemptive analytics for retail and omnichannel fulfillment.
Over the years, retailers have become very good at the supply chain - the process of getting goods from the manufacturing plant to the customer. But today, many retailers face a different challenge: taking those goods back, a process referred to as the "reverse supply chain."
Ikea Canada has completed a two-week trial of a solution that enabled shoppers to purchase merchandise with the tap of a spoon, thanks to radio frequency identification technology.
As most of us know, Uber is a technology platform that connects driver-partners with riders through a smartphone app. So the somewhat logical next step might be to "Uberize" the motor carrier industry, as it fits the profile very well.
The latest supply-chain news, analysis, trends and tools for executives in the consumer packaged goods industry. Learn how consumer packaged goods companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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