Retail sales continue to grow, albeit at slower rates, and as a result, brands are taking advantage of excess cargo capacity in bringing in merchandise earlier than normal.
Integrating AI and ML, particularly generative AI and LLMs, into supply chain operations is no longer a choice but a necessity for businesses to remain competitive in the future.
Wednesday, June 19, 2024 · Richard A. Elmquist and Luis Dávila
The preservation of food characteristics and quality within a temperature-controlled environment presents a complex challenge in the food supply chain. Developing a dynamic S&OP process is one way to address this.
Commerce reported that May retail sales, at $703.1 billion, were up 0.1% compared to April and up 2.3% annually. And total retail sales, from March through May, rose 2.9% compared to the same period a year ago. NRF reported that May’s core retail sales, which it bases on…
The influential 35th annual State of Logistics Report shows how logisticians are adapting to “permanent volatility” in their supply chains as they ride out the wave of uncertainty.
May imports, at 2.70 million TEU (Twenty-Foot Equivalent Units), rose 11% annually, following April’s 8% annual gain, with growth intact for the ninth consecutive month, following a 14-month stretch of annual declines. Total first quarter imports were up 11% annually.
Changing customer demands are putting more pressure on supply chains. In response, more companies are putting the customer at the center of supply chain design.
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The May Services PMI, at 53.8 (a reading of 50 or higher signals growth), was up 4.4% over April’s 49.4, which marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to that the last month seeing contraction was in May 2020,…
While strategic intent to rewire global value chains is there, many manufacturers are falling short, focusing on incremental change that will not be enough to remain competitive, a new report says.
Wednesday, June 5, 2024 · Elizabeth Bruttomesso and Shruti Pant
An analysis of electric trucks, barges and rail showed varying degrees of benefits when attempting to move cargo from a port to a warehouse in this MIT Center for Transportation & Logistics SCM Capstone project.
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