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VERTICAL FOCUS | Jewelry
Blockchain clasps the supply chain Best known for its use in cryptocurrencies, blockchain is now making its way into the jewelry supply chain. In an industry where transparency is in high demand, the technology has a lot to offer. Aside from cost savings, which many other industries have realized by implementing blockchain to trace products […]
Read MoreTriple E Supply Chain
The Association for Supply Chain Management (ASCM), a nonprofit supply chain association, released new standards for instituting a “triple E” supply chain—one that is ethical, ecological, and economical. Companies that meet the standards are eligible to apply for the ASCM Enterprise Certification, an industry benchmark demonstrating a commitment to clean supply chains. “More than ever, […]
Read More3 Ways to Mitigate Cyber Risk in Your Supply Chain
In March 2019, when U.S. Coast Guard Deputy Commandant for Operations Daniel Abel spoke at a panel for The Brookings Institution, he cited reports from shippers and ships: “I’ve had a cyber breach and I’m inbounding to your port.” Cyber risks to supply chains in shipping, transportation, and logistics have only intensified since then. “Cyber […]
Read MoreSoutheast Ports Close in Advance of Hurricane Dorian
Though it has yet to land state-side, Hurricane Dorian is already a force to be reckoned with. In fact, it’s considered one of the most powerful storms ever recorded in the Atlantic Ocean. Supply chain professionals are bearing down and preparing for the worst after the Bahamas suffered severe blows from the natural disaster. With […]
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Stop, Thief!
TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year. The report analyzes cargo theft by modality, theft type (modus operandi), commodities targeted, and the value of losses across the major regions of the world (see chart above). Among the notable findings: […]
Read MoreWalmart-Owned Flipkart Aims for Sustainability
Flipkart, an online electronics retail company owned by Walmart, is working to increase sustainability across its supply chain. The e-tailer has already reduced its usage of single-use plastic by 25% across its packaging value chain. By 2021, it hopes to achieve 100% recycled consumption. Flipkart also filed for EPR (extended producer responsibility), a policy under […]
Read MoreBest Buy’s Shiny, New Supply Chain Strategy for the Holiday Season
Best Buy made its list and checked it twice, and it’s ready to take on the holiday season with a new and improved supply chain.
Read MoreMachine Learning Powers Smarter Warehouses
As part of its warehouse management functionality, ERP systems typically track information about products as they’re picked, packed, and shipped, so that orders can be filled faster and more accurately. However, real-time data can now be collected and analyzed using smart sensors, cloud technology, and self-learning algorithms to generate new insights. Powered by machine learning, […]
Read More12 Tips to Identify Quality Suppliers
When most buyers plan to select a new supplier, they are usually tempted to focus on the best price. But shaving a few cents off the product price is no help if the quality is below standard or the component does not arrive when you need it. Focus on quality by incorporating these 12 tips […]
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The Politics of Expanding Into New Markets
A majority of U.S. companies (82%) would like to expand into new markets and 36% are considering expansion opportunities in the BRICS and MINT countries, according to a new survey of U.S. business decision makers by connected planning company Vuealta. However, 55% of respondents say political uncertainty and its impact on their supply chains is […]
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