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News (3573)

Shippers Investing In Tech

Shippers are increasing their technology budgets for 2022 in hopes of making themselves competitive, reports Supply Chain Quarterly. 

Shippers are increasing budgets and placing a higher priority on technology in response to ongoing supply chain challenges and competitive freight market conditions, according to research from freight procurement software provider Sleek Technologies. 

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Tesla Faces Supply Chain Issues

According to WION News, supply chain issues are even slowing down Tesla.

Tesla CEO Elon Musk has said that supply chain issues can slow rollout of new vehicles.

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Investment in Supply Chain Tech Grows

According to Environment Leader, investment in supply chain tech is growing as companies signal that it is becoming a priority for them. 

Investment in supply chain technology and risk management is rapidly increasing as efficiency and sustainability becomes more of a priority across business operations, and two artificial intelligence platform providers announced receiving funding for their systems this week.

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Symbotic to Go Public

According to Yahoo Finance, Symbotic LLC, an AI enabled platform for supply chain, has announced a merger that will make Symbotic a public company on Nasdaq. 

Symbotic LLC ("Symbotic" or the "Company"), a revolutionary A.I.-enabled technology platform for the supply chain, and SVF Investment Corp. 3 (NASDAQ: SVFC) ("SVFC"), a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers ("SBIA"), today announced a definitive merger agreement expected to make Symbotic a public company listed on Nasdaq. 

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The Defense Supply Chain Remains Vulnerable

The defense supply chain is still vulnerable, reports National Defense. 

As COVID-19 and the ensuing economic challenges have exposed, the United States faces substantial supply chain vulnerabilities and weaknesses.

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All Industries Must Work Together to Solve Supply Problems

According to Supermarket Perimeter, all industries must work together to increase transparency and deploy technology to make the supply chain run smoothly. 

Compounding issues such as labor shortages, increased product demand, and COVID-related shutdowns have caused one of the most substantial supply chain challenges in modern history.

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Africa Looks to Strengthen Supply Chain

Africa is looking for ways to enhance its vaccine supply chain, reports Pharmaceutical Technologies.

Lack of access to vaccines leads to 1.5 million preventable deaths each year[1]. In Africa alone, approximately one in five children do not receive all of their necessary vaccines.

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Nike Beefs Up Supply Chain Performance

According to Nike, they have four key programs to enhance their supply chain performance. 

The last two years have presented unique challenges for all companies. Throughout the adversity, Nike’s team has risen to the challenges and is seizing the opportunity to accelerate a transformation in its operations.

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Semiconductor Shortage Continues

The semiconductor chip shortage is expected to stretch through at least the first half of 2023.

Increasing use of chips in everything from automobiles to appliances means more businesses across industries are competing for limited supply.

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Are 4 Day Work Weeks the Answer

According to the Guardian, offering 4 day work weeks could be the answer to solving the labor crisis.

Every small business owner I talk to has the same problem: we can’t find enough people to do the work we need. Well, I have an answer: perhaps we should be offering a four-day workweek.

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