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Supply Chain Falls Short of Expectations

According to Digital Commerce, supply chain executives aren’t seeing the return on their investment in supply chain technology.

83% of supply chain executives say their investment in better supply chain technology is not delivering the expected results, says a new survey from PwC.

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ChatGPT and the Supply Chain

According to Forbes, ChatGPT has potential to be used in the supply chain. 

When ChatGPT burst onto the scene in November 2022, few beyond the labs of OpenAI would have predicted the impact it would go on to have in just a few short months.

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TechSupply Program Ensures Resources

Dynamic Technology Solutions has a new TechSupply Program that ensures that medical device manufacturers are guaranteed the components they need for manufacturing devices, reports PR Newswire. 

Dynamic Technology Solutions (Dynamic) – a leading provider of asset and lifecycle management services for life sciences companies – today announced the introduction of its TechSupply ProgramSM, which provides medical device manufacturers with guaranteed availability of electronic components necessary to maintain uninterrupted operation and availability of their medical equipment; and locks in the pricing of those components for extended periods.

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Supply Chain Management Trends

According to Supply & Demand Executive, there are several emerging trends in technology for supply chain management. 

The aftermath of the pandemic saw an increase in operations and growth of logistics companies to levels never seen before. 

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Prepping Supply Chains for Extreme Weather

Companies need to prepare their supply chains for extreme weather risks, reports Supply Chain Digital.

Whether it’s a blizzard that paralysis roads, intense gusts of wind that halt flights, or extreme heatwaves that buckle rail tracks, global extreme weather events are becoming all too common.

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No Tech Can Give Total Transparency to Supply Chain

According to JD Supra, the Customs and Border Patrol confirms that no existing technology can help companies have totally transparent supply chains.

CBP Tech Expo Confirms No Existing “Silver Bullet” Technology and CBP Dashboard Reveals Every Industry Is Subject To Forced Labor Detentions

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Keeping Perishibles Moving

According to Forbes, NFTs and blockchain can keep the perishables supply chain flowing smoothly. 

As the global perishable food market grew to roughly $152.24 billion by the end of 2022, and continues to grow at a compound annual growth rate of 9.5% per year, leaders in the perishables supply chain space are expected to accommodate these remarkable growth rates in nearly every capacity

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Using Tech for a Better Customer Experience

According to Harvard Business Review, technology can be used to enhance the customer experience.

The last few years have been characterized by an overwhelming amount of change for customers and marketplaces.

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Blockchain Keeps Food Chain Visible

Ethereum and VeChain demonstrate the use of blockchain technology in the global food chain, reports Crypto News Flash.

The discussions on the importance of blockchain technology are gaining momentum and two of the most versatile Layer-1 protocols, Ethereum (ETH) and VeChain are gaining momentum in related conversations globally.

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Pricefx Closes Five New Wholesale Distribution Customers with SAP

-Pricefx, a global leader in cloud-native pricing software, today announced it has signed five new wholesale distribution customers. These customers, including U.S. natural food distributor KeHE, selected Pricefx’s SAP® endorsed app to help them deliver a better customer experience, improve margins and maximize their ERP investment.

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