General SCM | SupplyChainBrain

General SCM: Page 1084

Creating Efficiencies to Drive E-Commerce Innovation Forward

Analyst Insight: In the age of information, there is a tremendous opportunity for retail companies to distinguish themselves as consumer-centric by exceeding expectations for online product content. Many retailers and brands are stepping up their ability to provide the detailed, accurate digital product information consumers need to make informed purchase decisions. To create competitive end-to-end shopping experiences, these companies are leveraging global standards to make it easy for consumers to discover and purchase products whenever and wherever they are. - Rich Richardson, vice president of standards development, GS1 US

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Supply Chain Resiliency in the Wake of Industry Disruption

Analyst Insight: Industry disruptions - whether caused by economic strife, weather events, or labor disputes - seem to be becoming more common, and they are prompting many executives to rethink the design of their global supply chains. For years many companies have invested in solid-state supply chains built for cost efficiency. The problem is that these are premised on very defined paths-to-market that lack resiliency and make them susceptible to disruption. - Glen Goldbach and Ryan Hawk, principals, PwC

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U.N. Bolsters Supply Chains to Prepare for Next Pandemic

The U.N. World Food Programme (WFP) wants to improve its response to disease outbreaks by increasing visibility in supply chains.

Procurement's Guide to Extending Supplier Payments Terms

Analyst Insight: Successful supplier payment term extensions only happen when procurement receives the right training and ongoing support. Before companies implement an extension with suppliers, they must first understand the traits (and barriers) to success. Procurement should be viewed as a strategic lever to improving working capital and given a seat at the table during the selection and implementation process. This will pave the path to a successful supply-chain finance program and optimized cash flow. - Tom Roberts, senior vice president of global marketing, PrimeRevenue

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U.S. Bound Ocean Imports Fell in February Amid China Slowdown

China's exporting slowdown weighed heavily on U.S. seaborne trade last month, dragging down inbound volumes at major gateways from Southern California to Virginia.

Leverage Data to Encourage Supply Chain Flexibility and Efficiency

Analyst Insight: As 2020 approaches, supply-chain improvement initiatives focused on meeting intense market demand while protecting profitability are crucial for companies. In response to this need, supply-chain analysts and consultants are finding innovative ways to leverage data and optimization tools to customize new strategies that encourage supply-chain flexibility, efficiency and sustainability. - John Richardson, vice president of supply chain analytics, Transportation Insight

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Using Digital to Offset Amazon's Advantage

Analyst Insight: The retail industry might be the most impacted by digital disruptions, on top of the obvious turmoil retailers' face due to the rapid growth of e-commerce. Retailers also face all of the disruptions in the transportation industry, as retail has always been about moving merchandise from its point of origin into the hands of consumers. - Jim Tompkins, CEO, Tompkins International

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marcusevans to Host the 2017 Edition: Third Party Risk Management for Financial Institutions Conference on June 7-8, 2017 in Chicago, IL

Imagine a Silicon Valley of the Sea

In 2008, PayPal co-founder Peter Thiel gave half a million dollars to a Google engineer named Patri Friedman, the grandson of economist Milton Friedman. The money was to establish the Seasteading Institute, which aims to spearhead the development of politically autonomous, floating "seasteads" in unregulated international waters. This was to be the beginning of a long experiment in civilization building. It also turned out to be the origin of many, many puns.

Sales and Operations Planning from 2020 and Beyond

Analyst Insight: There are many approaches to predicting the supply chain of 2020 and beyond. What trends and emerging technologies will have the most impact, and in what way? This paper examines the future of S&OP based on the premise that Best-in-Class companies (top 20 percent of companies based on performance) are good indicators for the next five to 15 years of change based on their capabilities, technology adoption, and strategic actions. – Bryan Ball, vice president and group director, Aberdeen

The Power of Analytics in the Supply Chain

Analyst Insight: Best-in-class organizations are tapping into the power of analytics to improve supply-chain performance and identify improvement opportunities. Organizations use analytics for scoring models for vendor performance, detailed demand forecasting, and safety stock recommendations, optimizing fulfillment logistics, creating predictive models of different failure conditions, inventory budget optimization, and many other supply-chain activities. Today’s complex supply chains require that leaders create a data-driven culture, both internally and externally with supply-chain partners. – Andrea Stroud, statistician, APQC

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Somali Pirates Hijack First Commercial Ship Since 2012

Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said last week, the first time a commercial ship has been seized in the region since 2012.

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