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IN BRIEF: New Services and Solutions
From new e-commerce solutions to RFID tags for tracking assets, here’s what’s new and notable in the supply chain.
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IN BRIEF: New Services and Solutions
From a high-capacity orderpicker to a new nationwide reefer van network, here are some notable supply chain services and solutions that recently hit the market.
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The Last Mile: Ice Cream Logistics… Licked
When it comes to frozen desserts, ice cream tops the list for U.S. consumers. Here’s how ice cream makers keep churning it out.
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VERTICAL FOCUS: Raw Materials
Insight into the latest supply chain trends for raw materials.
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NOTED: Supply Chain Highlights
From sustainability efforts to recent mergers and acquisitions, here’s what’s new and notable in the supply chain.
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Helping Manufacturers Weather the Storm
The manufacturing sector continues to chug along, with demand and production levels hitting new highs. But economic uncertainty and inflation may soon create some clouds on the horizon.
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Taking the Temperature on Sustainability
Many companies will continue to take sustainability seriously over the next 12 months. A recent Honeywell survey of 600 business leaders finds that 90% are pleased with their sustainability efforts over the prior 12 months, and 97% plan environmental, social, and corporate governance (ESG) budget increases in the next 12 months.
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Waste Eats Away the Bottom Line
Overproduction and waste may push margins in the wrong direction. A recent Avery Dennison report finds that 8% of stock perishes or is discarded before it reaches consumers–inventory losses worth up to $163.1 billion or 3.6% of annual profits. Of the 8% waste, slightly more than half (53.8%) is lost in the supply chain before products reach store shelves.
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AI and ML in Retail: Help or Hype?
Top-performing retailers are bullish on artificial intelligence (AI) and machine learning (ML), with 71% of respondents to a Retail Systems Research report saying AI-enabled analytics will fundamentally change their merchandising forecasting by 2025.
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Five Trends That Will Shape Logistics in 2023
Amidst concern over the economy and ongoing geopolitical issues, 2023 promises to pose challenges to managing logistics and supply chain operations. To help companies prepare for the new year, Anaid Chacón, head of product for Nuvocargo, a digital platform focused on U.S.-Mexico cross-border trade, identifies five trends to be aware of.
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