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Supply Chain Facing "Perfect Storm"

According to Yahoo Finance, logistics experts explain that there is a “perfect storm” of supply chain issues that are impacting all over the globe. 

Supply chain bottlenecks are squeezing businesses big and small. One expert explains why it's so hard to iron out the major kinks affecting global trade.

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AI in the Supply Chain

Artificial intelligence can play a role in supply chain management, it is necessary for businesses to understand exactly how AI can be helpful in the supply chain, reports Supply & Demand Executive. 

More and more supply chain leaders are considering incorporating artificial intelligence (AI) into their business, but are still skeptic. That’s because they’ve been on the receiving end of too many sales calls where companies say AI can change the world and magically do all sorts of things.

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Cannabis Needs a Stronger Supply Chain

The existing supply chain isn’t robust enough to support cannabis, reports Forbes. 

Since 2010, when I first started doing legalization work in Colorado, few big technology companies have been willing to openly step up to the plate and service licensed cannabis businesses. 

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Chip Shortage Will Continue Until Next Year

Problems will persist in the semiconductor supply chain until at least 2022, reports CNBC. 

The semiconductor chip shortage that is hamstringing the production of products ranging from cars and computers to appliances and toothbrushes will extend into 2022 and potentially beyond that, the CEO of semiconductor company Marvell Technology said.

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Flieber Gets Funding for its Platform

According to Retail Technology Hub, Flieber has raised $12 million in funding for its platform that will “democratise supply chain operations”. 

US-based startup Flieber has raised $12 million in a Series A round to continue developing its online inventory optimisation platform.

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Internet of Things Streamlines Supply Chain

According to the Spoon, SIPLi is using IoT technology to streamline their supply chain.

Launched in 2019, SIMPLi is an ingredient company that works directly with farming communities worldwide to eliminate unnecessary middlemen, shorten and streamline supply chains, and reduce fraudulent activity

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Ford Seeks to Strengthen Battery Supply Chain

According to the Detroit Free Press, Ford will work with the co-founder of Tesla to improve its domestic battery supply chain. 

Ford Motor Co. announced on Wednesday plans to team up with a co-founder of Tesla Inc. on battery recycling in an effort to improve Ford's domestic battery supply chain for electric vehicles.

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Quad Alliance Seeks to Remove China From Supply Chain

A new alliance between US, India, Japan and Australia seeks to strengthen supply chains that currently rely on Chinese made semiconductors, reports Economic Times. 

The Quad Alliance - India, US, Japan, and Australia - has joined hands to secure supply chains in critical areas such as semiconductors and 5G telecom technologies, in a bid to contain the rising influence of China in these strategic sectors, according to geopolitical experts.

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Another Chip Shortage Looms

Chinese chip manufacturers are stopping production for several days, reports Nikkei.  

Several key chip packaging and testing service providers supplying Intel, Nvidia, and Qualcomm also received notices to suspend production at their facilities in Jiangsu for several days, people with knowledge of the matter told Nikkei Asia, further waylaying an electronics industry hit by the chip supply crunch.

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End-to-End Tracing of the Supply Chain

According to MIT, a new resource called SourceMap will help companies trace their supply chains from end-to-end. 

For years, companies have managed their extended supply chains with intermittent audits and certifications while attempting to persuade their suppliers to adhere to certain standards and codes of conduct. 

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