News

News (3023)

Fashion Companies Get Innovated for Supply Chain

Fashion companies are finding innovative ways to meet with their suppliers and other partners during the pandemic, reports Just-Style. 

With covid-19 putting a stop to all non-essential travel, global supply supply chains are being put to the test.

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Technology Investment on Horizon

According to Port Technology, a new survey finds that shipping and freight professionals see future investments in technology post pandemic. 

Almost half of shipping and freight professionals (42%) will change their supply chain strategies and 67% see investment in technology as way of fundamentally changing their operations post-pandemic

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GS1 US Raw Materials Guideline Supports Streamlined Sourcing and a Circular Economy

GS1 US® has published the “Best Practice Guideline for Exchanging Raw Material Attributes,” created by apparel and general merchandise leaders to help industry utilize standards in their upstream supply chain practices. By leveraging GS1 Standards to efficiently share information about product components in an effort to speed up raw material sourcing decisions, industry can better support sustainability initiatives and enhance transparency for consumers. The guideline addresses retail industry challenges associated with the time-consuming process of mapping raw material data attributes from multiple sources.

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Grocery Stores Lag in Supply Chain Tech

Management of the grocery store supply chain in 2020 looks surprisingly like the management of the 70s which is why stores are having a hard time launching online shopping, reports the Atlantic.

Brandon Hill’s parents met in the 1980s as common links in the rickety grocery-store supply chain. 

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Supply Chain Problems Highlighted by Covid

According to Investors, Covid19 is exposing flaws in the existing supply chains. 

As the coronavirus pounds economies worldwide, the disease has ripped the foundations of modern supply chain management and left businesses struggling to get crucial materials.

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Tech Keeps Supply Chain Flowing

Technology is playing a critical role in helping stores keep their shelves stocked during the pandemic, reports Grit Daily.

Any global crisis will put new and unexpected strain on the food supply chain. While this often means serious inefficiency — food that’s destined for stores is wasted while consumers and food banks contend with empty shelves — the strain can also fast-track new technology and supply chain methods. .

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Covid-19 Causes Waves in Alcohol Supply Chain

According to Yahoo Finance, the Covid-19 pandemic is causing a spike in the alchohol supply chain.

With people across the U.S. facing orders to remain in their homes, and bars and restaurants closed as part of the ongoing effort to quell the coronavirus outbreak, alcohol sales have gone through the roof.

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Satellite Company Helps with Supply Chain Tracking

A California company is assisting companies with tracking their supply chains during the Covid-19 pandemic, reports Bloomberg. 

As the coronavirus pandemic leads to anxiety over the strength of the world’s food supply chains, everyone from governments to banks are turning to the skies for help.

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Blockchain in the Asian Supply Chain

Asia’s farmers are embracing blockchain to help them ensure their supply chain is transparent, reports Nikkei Asia Review.

After scanning a barcode at Indonesian coffee chain Blue Korintji Coffee, paying customers can identify the farmer who grew their coffee, the company that roasted the beans and even the logistics involved.

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AI-enabled retail software revenue to rise nearly eightfold by 2025

With the global retail industry facing intensifying headwinds from online rivals and the virtual elimination of footfall traffic in the wake of COVID-19, stores increasingly are turning to artificial intelligence (AI) software to enhance their efficiency, helping drive nearly an eightfold rise in sales of such software by 2025. Worldwide spending on AI software for retail uses is forecasted to expand to $9.8 billion in 2025, up from $1.3 billion in 2019, according to the Artificial Intelligence for Retail Applications report from Omdia. Globally, retailers will invest $37.3 billion on AI-driven solutions from 2019 through 2025.

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