AI simulation is able to generate possible outcomes in the supply chain, going beyond what traditional AI and machine learning is currently capable of, says Cosmo Tech CEO Michel Morvan.
As Houthi attacks continue in the Red Sea, retailers are scrambling to find alternative methods for moving their inventory, including exploring more air freight options and boosting inventory.
Project-based learning is taking off at the university level, giving supply chain graduate students real-world experience to pair with theory-based instruction.
While shifting Asian cargo from East Coast to West Coast U.S. ports adds time and cost, it is one option shippers have to counter continued risk in the Red Sea.
December imports, at 2.2 million TEU (Twenty-Foot Equivalent Units), increased 9% in December, matching November’s annual percentage gain. For all of calendar year 2023, S&P reported that imports fell 8.5%, to 28.9 million TEU, while the fourth quarter posted an 8%…
The use of a 3PL offers flexibility and scalability while bringing fulfillment and distribution expertise and at the ready software systems. But just like not all brands make every consumer product in their vertical, let alone in the market, not all 3PLs are set up for all…
As shippers navigate goods around low water levels in the Panama Canal and risks in the Red Sea, rates are rising and the risk of downstream disruptions is growing.
Retailers are notorious for either having too much or too little stock, but new technology and data collection may be the answer to getting inventory just right.
Disruption is the new norm within the supply chain, but with C-suite backing, and the right decisions, supply chain managers can better prepare their organizations for the inevitable.
Monday, January 8, 2024 · Jason Miller and Yemisi Bolumole
The bullwhip effect is used by many economists to explain current inventory market dynamics, but it is another term – inventory accelerator – that more accurately reflects what is happening.
The Services PMI, at 50.6 (a reading of 50 or higher signals growth), fell 2.1% compare to November’s 52.7 reading, growing, at a slower rate, for the 12th consecutive month. ISM observed that the services sector and the overall economy have each been growing, at a slower…
Disruption has significantly altered the landscape for procurement leaders, challenging their ability to maintain stable supply chains and make strategic decisions. There are some options, though, to help mitigate the challenges.
The current economic climate has some similarities to the post-Cold War 1990s, and that means a boom could be on the horizon.
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