News

News (3576)

Unlock the Potential of AI and Blockchain in Supply Chain Management

In a world of rapidly evolving technology, the fusion of Artificial Intelligence (AI) and Blockchain is creating seismic shifts across industries. Among the sectors experiencing significant transformation, supply chain management is emerging as a prime candidate. AI and Blockchain are offering innovative solutions to long-standing challenges in supply chain operations, promising increased transparency, efficiency, and security. Traditional supply chains have been plagued by lack of transparency, inefficient processes, counterfeiting and fraud, and data silos. AI brings the power of automation, data analysis, and predictive capabilities to supply chain operations, allowing for greater visibility and accuracy. Blockchain technology can help to reduce costs, increase efficiency, and create a secure and immutable record of transactions. According to an article by 169Pi on Medium, AI and Blockchain have the potential to revolutionize the supply chain industry.

Read more...

Blockchain Revolutionizing Supply Chain: Transparency and Traceability at its Best

Supply chain management is essential for the smooth flow of goods from manufacturers to end consumers. However, traditional systems are plagued with issues like opacity, inefficiency, and lack of real-time visibility. Blockchain technology has emerged as a revolutionary solution, providing unparalleled transparency and traceability in the entire supply chain. Transparency is essential for a reliable and efficient supply chain. Businesses and consumers alike require visibility into the product journey, from raw materials to finished goods on store shelves. Traditional models fail to provide real-time information, which is where blockchain technology comes into play. Blockchain is a distributed ledger system that records and verifies transactions, providing an immutable record of all activities in the supply chain. It also helps to reduce costs, optimize processes, and enhance customer experience. According to TechBullion, blockchain technology is revolutionizing the supply chain, providing enhanced transparency and traceability.

Read more...

AI In Supply Chain Market To Reach $15 Billion By 2027!

The Business Research Company's Artificial Intelligence In Supply Chain Global Market Report 2023 states that the market is expected to reach $15 billion by 2027 at a CAGR of 45%. The market is currently worth $2.29 billion and is projected to reach $3.39 billion in 2023. The growth of the market is driven by the increasing internet penetration, which has enabled businesses to use AI in their supply chain operations. Statistics Canada reported that internet usage among individuals aged 15 and older increased from 92% in 2020 to 95% in 2022.

Read more...

Manufacturers: Learn How To Improve Your Supply Chain For Long-Term Success

In the last decade, manufacturers and suppliers have transitioned from traditional methods to embrace innovative technologies and data-driven strategies. This shift has been driven by several key developments, such as the rise of artificial intelligence and augmented reality. The result is a supply chain ecosystem that is better equipped to meet the demands of a rapidly changing world. According to Richard Lebovitz, CEO of LeanDNA, a purpose-built analytics platform for factory inventory optimization, these changes have enabled manufacturers to become more efficient and cost-effective.

Read more...

Unlock the Secrets of Becoming a Supply Chain Visionary

Logistics Management has recently reported on how to become a supply chain visionary. The article discusses how to reach the pinnacle of service excellence with the help of carriers, third-party logistics providers and U.S. ports. It also mentions the 40th Annual Quest for Quality Awards, which recognize the best in service and collaboration. Additionally, the article provides insight into the rise of procurement budgets for 2024 and the revolutionizing of warehouses with the latest in robotics technology.

Read more...

2D Barcode Tech Collaboration to Transform Cannabis Supply Chain

A new collaboration between a 2D barcode technology innovator and a cannabis supply chain company is set to revolutionize the industry. According to Benzinga, the companies are working together to create a more efficient and secure supply chain for cannabis products. The new technology will use 2D barcodes to track products from the point of manufacture to the point of sale. This will help ensure that products are safe and compliant with regulations. It will also provide customers with more transparency and confidence in the products they purchase.

Read more...

Global Blockchain Supply Chain Market Size, Share, and Growth Report 2024-2032

The global blockchain supply chain market is expected to grow significantly in the coming years. According to a report by EIN Presswire, the market size is estimated to reach $7.6 billion by 2024 and $32.8 billion by 2032. The report also states that the market is expected to grow at a compound annual growth rate of 20.2% from 2024 to 2032. Factors such as increasing demand for transparency and traceability, rising investments in blockchain technology, and the need for efficient supply chain management are expected to drive the growth of the market.

Read more...

Commerce Finalizes ICTS Supply Chain Rule: What Does It Mean?

On June 16, 2023, the U.S. Department of Commerce (“Commerce”) issued a long-awaited final rule (the “Final Rule”), effective July 17, 2023, related to the Information and Communications Technology Supply Chain. The Final Rule clarifies the scope of the ICTS Supply Chain rule, which requires companies to assess the risk of their supply chain and take steps to mitigate that risk. The Final Rule also requires companies to provide information to the government about their supply chain. This rule could have a significant impact on businesses that use ICTS products and services.

Read more...

Unlock Supply Chain Resiliency and Improve Visibility

McDonald's is partnering with supplier Golden State Foods to use radio-frequency identification (RFID) technology to track fresh beef from manufacturer to restaurant in near real-time. This strategy promises to provide partners with the information they need to build trust and transparency. According to Bob Carpenter, president and CEO of GS1 US, a not-for-profit, international supply-chain standards organization, organizations need more visibility than ever to manage inventory, know where products are coming from, and maintain consumer trust. The barcode is a reliable data standard used to manage the wealth of data in the highly segmented beef supply chain.

Read more...

Power Up Your Supply Chain with New Solar Battery Technologies

Solar batteries are an important part of the supply chain industry, as they provide a sustainable way to store energy generated from the sun. DC Velocity recently reported on the development of new solar battery technologies, which are designed to make the supply chain more efficient and reliable. These new technologies are expected to reduce costs, improve energy storage capacity, and increase the overall sustainability of the supply chain. With these advancements, the industry is poised to make a significant impact on the environment and the economy.

Read more...

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.