News (3576)
Tech to Upgrade Supply Chains
Technology can help companies upgrade their outdated supply chains, reports Forbes.
Most companies today are still working with processes in their supply chains that are 15 to 20 years old. That’s an eternity in a world where technology is rapidly changing.
Read more...Self-Driving Trucks Stall
Logistics companies remain unwilling to commit to self-driving trucks, reports Reuters.
U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and neither are their biggest potential customers.
Read more...Payment Tech Keeps Supply Chain Moving
Quick Processing of Payments essential to keeping the supply chain running smooth, reports PYMNTS.
The global wholesale sector is expected to experience significant growth by the end of 2022, but late payments continue to be an issue that continually leads to cash flow problems.
Read more...Panasonic Invests in Supply Chain Tech
According to ZD Net, Panasonic is committing $4.9 billion for the next three years to improve its supply chain software, along with other improvements.
Panasonic has outlined the group will invest a total of ¥600 billion, $4.9 billion, over the next three years to fiscal 2025 in areas including automotive batteries and supply chain software as part of the company's medium and long-term growth strategy.
Read more...New FLOW Program Lacks Innovation
The new Freight Logistics Optimizations Works appears to offer no new solutions to the supply chain problem, reports Supply Chain Brain.
The Biden administration’s launch last week of its Freight Logistics Optimization Works (FLOW) initiative has left a number of supply chain data experts scratching their heads.
Read more...Making the Cold Supply Chain Better
According to CEOWorld, there are several cold supply chain issues that technology can help fix.
Throughout the last year or so, the words “supply chain” have entered the common vernacular. It’s difficult to get away from news about supply chain disruptions, shortages, bottlenecks, and the like. But what many of those reports tend to gloss over is the importance of the cold chain. The cold chain (or cold supply chain) is the part of the regular supply chain that governs transporting items requiring refrigeration or being held at certain temperatures.
Read more...Gold Industry Turns to Blockchain
The gold industry is testing blockchain as a way to monitor the gold global supply chain, reports Insider.
Two major gold groups on Monday launched a pilot program to digitally monitor gold moving through the global supply chain as a way to ensure authenticity and bolster transparency within the market for the precious metal.
Read more...Clear Acquires Xpedize
Clear, a SaaS and tax filing firm, has acquired supply chain finance startup Xpedize, reports Pymnts.
Software-as-a-service (SaaS) and tax filing firm Clear closed an acquisition deal for supply chain finance startup Xpedize for undisclosed terms, according to a press release on Wednesday (March 16).
Read more...Technology is the Answer to Supply Chain Problems
In order to survive post-pandemic companies will have to leverage technology to smooth out their supply chains, reports Biz Tech Magazine.
When the pandemic arrived two years ago, retail was one of the hardest-hit industries. As retailers grappled with store closings and labor shortages, supply chain disruptions catapulted to the top of their list of challenges, and those issues haven’t subsided since.
Read more...Increasing Fashion Traceability in the Supply Chain
According to Forbes, the fashion supply chain can increase traceability with the use of artificial intelligence.
Call it an example of the government stepping in to do the will of the people. As we speak, the European Commission is working to implement its Product Environmental Footprint (PEF) program, which, when it becomes law, will require companies to calculate and disclose the environmental impact of their products by tracing their origins through supply chains.
Read more...
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