Technology

Technology (121)

US Feds Want Supply Chain Infrastructure Security

In the current connected world, the supply chain faces a wide range of threats, both physical and cyber. The two have different implications for organizations. While physical threats can be more obvious and blatant in supply chains, cybersecurity threats are less noticeable and highly unpredictable and as such, they can cause massive damage to an organization. Think of terrorists attacking oil infrastructure and interfering with the supply chain. This is supply chain terrorism that is now one of the worst crimes. For this reason, the Federal Communications Commission has come up with new rules that regulate telecommunications devices that are used in the US. The recent action included the reduction of telecom infrastructure from China. This move is geared towards identifying, evaluating and addressing transactions that involve these hardware devices.

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Supply Chain Start-Up Shipium's Software Enables Retailers to Offer Fast and Reliable Shipping

According to a Retail Touch Point survey, ““Two of the top three concerns among retailers are related to customers: expectations around delivery times at 49%, and expectations of free/low-cost shipping at 44%.” Demand for fast and affordable shipping has continued to grow. A decade ago it was normal for consumers to pay extra in order to receive their purchases within 2-3 days. Today Amazon and Walmart’s free two-day shipping has started the precedent that swift, reliable shipping shouldn’t cost extra. 

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Declining Prices of IoT Sensors Is Extending Penetration Farther into Manufacturing Processes

The rise of IoT will significantly change many industries. However, companies that use IoT devices have faced various challenges mainly due to high cost of these devices. Companies in inventory and supply chain management have in the past experienced increased spending, and this is likely to go on between now and 2023. The increase in spending will result from new models of business that include software and products-as-a-service. The reduced cost of IoT sensors, increased connectivity and emerging software will be the leading areas that manufacturers will take advantage of going forward.

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Mix Technologies and People to Maximize Your Supply Chain Efforts

Ever since the emergence of supply chain technology decades ago, there have been various views flying around on the impact of technology in the supply chain. While some people seem to suggest that technology will significantly hurt supply chain businesses, many argue that technology will provide opportunities yet to be explored. The truth however is that the mix of technology and people will result in so many more opportunities although it is no secret that some people will lose their jobs.

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AI Increases Supply Chain Visibility

Without capitalizing on modern technology, the supply chain is inefficient and a company unable to compete favorably. It can even be worse with rising consumer demands and expectations. With increased awareness among the consumers, there is demand for faster turnarounds. As such, the industry requires Artificial Intelligence (AI) to improve visibility and facilitate efficiency. AI is changing various things in the supply chain.

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How Conversational AI Will Transform Retail Customer Service

Consumers are increasingly comfortable with AI. As people increasingly interact with AI technology, conversational AI is poised to revolutionize retail customer service. Conversational AI is a technology that uses speech-based assistants to create meaningful and natural interactions with customers, similar to talking to another human. Conversational interfaces allow businesses to increase the efficiency and personalization of their customer service while also cutting costs.

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How Blockchain is Will Be Used in the Supply Chain

Managing today’s supply chain can be highly complex. Depending on the items or products involved, supply chain may involve hundreds or even thousands of stages, different geographical locations, payments, entities and even number of days. As a result of this complexity and opaqueness, many professionals believe that blockchain is the silver bullet which could transform the challenges encountered in this sector. So from this point of view, how is blockchain likely to be used in the supply chain to sort out the current challenges? Here we look at the unique characteristics of blockchain and how it can help in the supply chain.

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Supply Chain Hacking is Gaining Momentum

Supply chain hacking and attacks present one of the most dangerous forms of hacking in the modern age of advanced information technologies. By getting access to the supplier’s network and hiding malicious code within the hardware, software, and apps in the supply chain, hackers have the capability of infecting thousands or even millions of computers within a very short time without the slightest evidence of foul play. This new trend shows that hackers are exploiting it to wreck havoc to unsuspecting manufacturers of electronic devices. The security sector and manufacturers are discovering the threats posed by supply chain hacking where attackers tend to focus on software providers instead of hackers hacking networks or devices directly.

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Voice Recognition In Warehouses

Voice recognition is one of the promising technologies that’s shown lots of potential over the past few years. In fact, it is very hard nowadays to come to the end of a tech discussion without mentioning this topic. As a result of the promising future that voice recognition holds, many industries and companies are rushing to implement it in their operations. Warehousing hasn’t been left behind in the adoption of voice recognition in day to day operations. The technology becomes helpful in the environment where e-commerce order volume continues increasing while the delivery window continues to close. Such innovation plays a critical role in aiding companies in meeting their goals for picking, packing and shipping items.

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Voice Applications In the Warehouse

Alexa and other voice applications have become a staple in the home. Mainly used to turn on appliances, adjust the heat, or look up the weather – households rely on it to make their lives easier. Like households; warehouses have begun using voice applications to cope with the increase demand of shipping products. As demand continues to surge warehouses are looking at new ways to accelerate the supply chain process without reducing productivity and efficiency.

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