The Institute for Supply Management (ISM) said today in its Services ISM Report on Business that services sector economic growth saw another strong month in May, reaching its highest level on record. The reading for the report’s key indicator—the Services PMI (formerly the…
In the wake of the COVID-19 pandemic, supply chain risk management has shot back to the top of many organisations’ agendas. Rocked by the disruption of 2020, organizations are re-evaluating how they look at and approach risk in the supply chain, and changing strategies to…
Software can provide some visibility into commercial freight, but organizations require a more holistic approach to inform strategic business decisions
ISM said that the report’s key metric, the PMI, at 61.2 (a reading of 50 or higher indicates growth), saw a 0.5% increase, from April to May. This marked the twelfth consecutive month of PMI growth, coupled with May also representing the twelfth consecutive month of growth…
Natural disaster emergency kits are a must-have for all truckers, regardless of tornado warnings. In the event that you’ll be stuck on the road longer than expected, you need supplies to sustain your vehicle and yourself
On this episode, Steven A. Melnyk discusses why the customer, rather than cost, is the future of supply chain. SCMR’s Editorial Director Bob Trebilcock hosts.
Friday, May 28, 2021 · Carlos Rafavy and Justin Casey
We believe both of our models, run jointly, will help solve the company's problem. The forecasting model will provide the company with an accurate prediction of their demand. The optimization model will reposition assets most efficiently by reducing transportation miles.
A new study by ToolsGroup, a global leader in supply chain planning software, and the Council of Supply Chain Management Professionals (CSCMP) has found that only 3% of companies experienced no COVID-related business impact, and 42% of organizations say the pandemic has…
New findings from Accenture’s Technology Vision 2021, based on responses from more than 600 supply chain leaders, demonstrate that 81% of executives said the pandemic has been their organization’s largest stress test.
Multiple trends are affecting the ability of logistics functions and third-party logistics (3PL) providers to effectively deliver on their goals, notes a new research study by Gartner.
Find out why the recent Colonial Pipeline cyberattack reinforces the need for modeling and creating a digital twin of a supply chain, which can go a long way in planning for uncertainty.
For manufacturing, ISM is estimating a 7.2% in 2021 revenue gain, topping the 6.9% projection made in its previous report, and services revenue is pegged to increase 5.4% in 2021, topping the previous estimate of 1.6%.
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