Analyst Insight: The retail industry might be the most impacted by digital disruptions, on top of the obvious turmoil retailers' face due to the rapid growth of e-commerce. Retailers also face all of the disruptions in the transportation industry, as retail has always been about moving merchandise from its point of origin into the hands of consumers. - Jim Tompkins, CEO, Tompkins International
Analyst Insight: Best-in-class organizations are tapping into the power of analytics to improve supply-chain performance and identify improvement opportunities. Organizations use analytics for scoring models for vendor performance, detailed demand forecasting, and safety stock recommendations, optimizing fulfillment logistics, creating predictive models of different failure conditions, inventory budget optimization, and many other supply-chain activities. Today’s complex supply chains require that leaders create a data-driven culture, both internally and externally with supply-chain partners. – Andrea Stroud, statistician, APQC
Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said last week, the first time a commercial ship has been seized in the region since 2012.
Trucking fleets stepped up hiring at the fastest pace in five years in February, adding 10,600 jobs in a display of confidence as companies across U.S. industries ramped up payrolls.
Analyst Insight: We have come a long way from the days where gut feel and years of industry knowledge ruled the day and drove critical decision-making. "Water Cooler Talk" seems a thing of the past, but to effectively work together, businesses must replace it with a new process. Face to face cross-functional team discussions are critical in helping teams learn to work together and communicate effectively. Welcome to sales and operations planning (S&OP). – M. Scott Moon, principal, Tompkins International
Analyst Insight: Concern over a potential economic slowdown in 2017 is showing up in both government policy and business strategy in ways that positively impact the logistics sector. Government policies are showing concern for profitability of businesses. Many of the new incentives are centered around logistics. Meanwhile, businesses are taking a harder look at where to make profit in sectors which have thus far shown little margin, such as e-commerce logistics. – Jim Serstad, managing director, Asia, Tompkins International
DHL Express is piloting a cargo bicycle program for inner-city deliveries. The bikes, called 'DHL Cubicycles' are customized, four-wheel bikes that can carry a container with a load of up to 125 kilograms (one cubic meter in volume). The program reduces emissions by minimizing the mileage and time spent on the road by standard delivery vehicles. As e-commerce volumes surge, efforts to minimize the industry's high carbon footprint are increasingly important.
Children's Hospital of Wisconsin and BloodCenter of Wisconsin are piloting a high-frequency (HF) RFID system's use in monitoring a challenging product: blood stored and provided for pediatric patients.
Nissan has called on the U.K. government to invest millions in attracting car part manufacturers or risk a "house of cards" collapse in the industry post-Brexit.
Analyst Insight: When people talk about the Internet of Things, they can mean many different things, even within one industry. For a manufacturer, there are four major areas where IoT may have an impact: the manufacturing plant, the supply chain, service and the product. – Bill McBeath, chief research officer, ChainLink Research
The latest supply-chain news, analysis, trends and tools for executives in the pharmaceutical and biotech industries. Learn how pharmaceutical and biotech 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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