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Tiny Tags Make the Supply Chain Safer and More Trackable

Companies have in the past lost billions of dollars to counterfeiting, and the trend remains the same even with technologies that promise to solve this problem year in year out. According to a 2018 report by the Organization for Economic Cooperation and Development, approximately 2 trillion dollars worth of counterfeit goods will be sold globally this year. To many manufacturers, governments, and consumers, this spells doom because they will have to deal with counterfeiting and products, most of that they do not know where they originate from. 

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Shorten the Supply Chain for Repair Parts by Using 3D Printers

3D printing technology has been in use in prototyping for years, but it is now making way into production process as well. Since supply chain management is a constant act of juggling that entails trying to balance the overall inventory and its availability and the changing demands, it is always hard to manage it without some form of innovation or help. However, if you think that this is difficult, wait until you encounter the challenge of managing spare parts. It is hard to anticipate when breakdowns will occur and when new spare parts will be needed.

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Supply Chain Industry on Edge as Coronavirus Continues to Spread

When the coronavirus (COVID-19) began; experts theorized how a potential pandemic would affect the supply chain industry. Months later as the coronavirus continues to spread with no indication of stopping – the supply chain and logistics community are starting to see just how quickly the virus can impact businesses both small and large.

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Here's How the Supply Chain Will Change This Year

The majority of the key trends in the supply chain for 2020 will be a continuation of what took place in 2019 and the years before. The industry continues to undergo significant levels of change whose intentions are to increase productivity, quality and efficiency of service. More is on the way taking into account digital transformation that is revolutionizing everything. This industry has become a backbone of many other sectors that see it as critical in realizing their goals. It is fast becoming a leading source of competitive advantage to many companies in the modern digital economy.  2020 will be another defining year for the supply chain industry and these are the predictions of what you should expect.

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Supply Chain Virtual Summit Recap

On February 6, Infor opened the doors to their Supply Chain Virtual Summit where Supply Chain experts spoke about current issues and trends in the industry. While completely online – the summit offered the same advantages of attending a live conference without ever having to leave your office.

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Look at these Trends That Are Shaping the Supply Chain in 2020

The past decade was a defining time for the global logistics industry that saw the sector grow tremendously. It is the decade that saw the introduction of various aspects that made the industry improve while also introducing different challenges that were never seen before. Advancements in technology strengthened the capabilities and operations in logistics such as packaging, labeling, and shipping while also introducing challenges such as loss of job and security concerns. As we begin a new year, these are the trends that will shape the supply chain industry going forward.

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How Can A Small Business Compete In A Global Marketplace?

Online shopping is becoming easier, consumers expect delivery faster than ever and the supply chain is growing increasingly complex. Consumers demand the same level of efficiency from the largest global brands as they do from local shops. Whether an aspiring entrepreneur or an established local business, today’s small business owners are competing in the global marketplace.

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Upcoming Virtual Supply Chain Summit Invitation

New year – but the same problems are plaguing the supply chain industries world-wide. Supply chain companies are under increased pressure to decrease delivery time without raising the cost of shipping. To add to that - organizations are scrambling to come up with solutions that will not only grow their business but retain qualified employees.

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Multichannel Efficiency In The Supply Chain Demands Attention And New Methods

Retailers often face challenges when it comes to balancing their acts within their supply chain. This said, understanding the elements that make a multichannel and omnichannel supply chain is critical to success of any business and is essential for profit-making. With the rise of the internet, multichannel supply chain has gained traction and offers companies a variety of options on how to reach their consumers. However, determining the most efficient set up despite the technological tools at your disposal is not as simple as many people would want to believe.

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Pharmaceutical Industry Has Made Significant Progress in Addressing DSCSA Serialization Requirements

A new Barcode Assessment study conducted by AmerisourceBergen Corporation, McKesson Pharmaceutical and Cardinal Health, in collaboration with GS1 US®, revealed that 74.3% of pharmaceutical barcodes scanned in the wholesalers’ facilities meet the 2013 Drug Supply Chain Security Act (DSCSA) serialization requirements—a 54% year-over-year improvement when compared to the same study conducted in 2018. Details of the Barcode Assessment study are published in a new GS1 US report, “2019 Update: Barcode Readability for DSCSA 2023 Interoperability.”

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