Daily Insights, Trends and Solutions for Professionals, Experts, Students and Society
NFT marketplaces perform like typical online stores but are equipped for the purchase, sale and transfer of blockchain-based assets. They could either be centralized, where a middleman is involved or decentralized wherein transactions happen directly among users. So learn about Best place to buy nft.
A solid supply chain and logistics strategy is essential for large companies. A global chemical manufacturer recently had to replace ships that transported bulk materials to ports. These materials were then transferred to barges and rail cars for delivery, and finally to terminals where they were packaged into shipping containers for final delivery by rail. … Continue reading “The Importance of a Strong Supply Chain and Logistics Strategy!”
There are many exciting quantum leap advances in Technology these days! The proliferation of the Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning and Robotics, Industry 4.0, Big Data and Analytics, and Digitalization are all phrases that are emblematic of revolutionary changes both today and in the future. It is important to know that … Continue reading “Quantum Leap to the Top 10 Supply Chain Skills of the Future!”
We are in the Digital Age! In Supply Chain that means we want and need full end to end visibility and transparency. To provide that end to end visibility requires electronic connectivity of all nodes of the Supply Chain. And when it comes to providing that visibility and connectivity with respect to the movement of … Continue reading “TMS is Mandatory in the Digital Age! Get Yours Free!”
I feel you. I was there. In the exact same position, you’re in now. A cynic. A skeptic. A person, utterly exhausted with seeing those two letters: AI. As we see from Deloitte’s CPO Survey in 2018, AI is only fully deployed in 2% of procurement organizations and is far from making any real impact … Continue reading “AI + Data = Supply Chain Risk Management!”
Globalization, technological disruption, and evolving consumer demands are reshaping the modern fitness supply chain. This intricate ecosystem faces unprecedented challenges in producing, distributing, and selling fitness equipment worldwide. Brands must nimbly adapt by optimizing operations, mitigating risks, and leveraging cutting-edge solutions to cultivate resilience and thrive in this dynamic landscape.
Central Bank Digital Currencies (CBDCs) and cryptocurrencies led by Bitcoin are two distinct entities that have the potential to redefine the future of the financial world. CBDCs are a digital form of a country’s currency, issued and regulated by its central bank, providing a secure and cost-effective mechanism for large-value payments. On the other hand, … Continue reading “Central Bank Digital Currencies vs Bitcoin: Economic Implications!”
The Coronavirus pandemic has taken the world by storm. With accelerating rates of virus transmission and deaths the global response for containment has increased as well. We need to learn Supply Chain lessons from this tragedy. Every aspect of our lives has been disrupted: our health, freedom of movement, employment, the economy, our ability to … Continue reading “10 Vital Supply Chain Lessons from the Coronavirus Pandemic!”
Third-party logistics (or 3PL) providers, are standing on the brink of breakout growth given the digital opportunity. The shipper ecosystem is burgeoning with more delivery orders, more inventory to be managed, more deliveries and more services than ever before. The global 3PL market, valued at $728.6B USD back in 2018, is expected to reach $1.5 BILLION by 2025. … Continue reading “Digital Opportunity for 3PL Logistics Operations!”
In today’s rapidly evolving business landscape, supply chain management has become more critical than ever before. With consumers demanding faster delivery times, higher product quality, and greater transparency, companies are constantly seeking ways to gain a competitive edge. Enter the Internet of Things (IoT) solutions, which are revolutionizing the way supply chains operate. In this … Continue reading “The Competitive Edge: How IoT Solutions are Redefining Supply Chain Management!”
It happens everywhere, all the time in retail and in ecommerce: a supplier doubles their output to prevent a shortage in case multiple distributors place their orders simultaneously; a fulfillment warehouse doesn’t call in enough workers during Black Friday and delays package shipments by days. Could blockchain technology change all that? It’s the bullwhip effect, … Continue reading “Blockchain Technology is the Antidote to the Bullwhip Effect!”
There was a time not that long ago when there were no cell phones or smart phones. Now they are literally billions of smartphones and cell phones. This doesn’t even include the number of desktops, laptops, tablets, and all other internet enabled electronic devices. The latest technology that will be driving this massive infrastructure is … Continue reading “What is 5G? And What Does it Mean for Supply Chain? (Infographic)”
In e-commerce business staying ahead of the curve is paramount. With consumers’ expectations and behaviors constantly shifting, businesses must adapt their digital marketing strategies to remain competitive. This comprehensive guide delves into cutting-edge strategic digital marketing techniques that can propel your e-commerce venture to new heights, fostering growth, engagement, and long-term success.
Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank, especially when considering digital procurement. It’s important that procurement teams take into account the new risk reality and challenges that face … Continue reading “The Hitchhiker’s Guide to Digital Procurement!”
I began my career working in a manufacturing plant within an international company that was completely vertically integrated. From component manufacturing through to subassembly manufacturing and end product assembly they did it all. Within 10 years the company experienced a number of site closures and declared that manufacturing was no longer a core competency. For … Continue reading “Supply Chain as a Service (SCaaS)!”
