Industrial Technology
Technology continues to revolutionize the way that businesses manage their supply chains, enabling more efficiency and operational accuracy. Collecting vast quantities of data, optimizing networks and managing inventory are just a few of the tasks supply chain and logistics professionals are streaml
The fallout from the rapid onset of COVID-19 restrictions in 2020 hit all sectors hard. On the global front, supply chain woes around pharmaceutical ingredient shortages emerged as a concern, given the amount of production that happens in China and India. In the U.S., the immediate and most tangible
As the COVID-19 pandemic begins to subside, manufacturers face challenges on multiple fronts. Issues include the need to jump-start demand, re-ramp production and carefully nurture customer relationships that have become increasingly transactional. At the same time, manufacturers face a retirement-d
When analyzing supply chain risk, logistics managers tend to focus on widespread disruptions such as environmental disasters and pandemics. Indeed, it’s these events that most directly impact the end consumer and capture the attention of mainstream news media.There are, however, less visible b
When to comes to figuring out how to pay for repairing, building and maintaining the nation’s transportation infrastructure, “taxes” has become something of a dirty word. But some industry experts haven’t given up on the idea.The traditional method of paying for infrastructur
A recent study by EY revealed that 25% of consumers consider slow delivery speeds to be the most frustrating part of online shopping, with one in five saying they won’t forgive brands that fail to make good on their promises. The results highlight the importance of prioritizing commu
Today environmental, social and governance (ESG) priorities require significantly increased attention from procurement and supply chain leaders. In fact, climate and ESG rank third in regulatory challenges for 2021, according to advisory firm KPMG. Unfortunately for most organizations, cl
In the construction industry, clients need to feel confident that the companies they do business with are trustworthy and dependable. They want assurances that quotes are accurate and on point, and any issues that might arise will be communicated in a timely manner. Such qualities ensure a positive
It’s hard to find an industry or line of business that hasn’t been transformed by artificial intelligence (AI). Whether it’s by automating routine processes, or extracting valuable insights from huge volumes of data, it’s had a major impact on how every part of modern organiz
The supply chain needs people. Desperately.The COVID-19 pandemic has only heightened a crisis that was well advanced before the virus struck. Multiple stages of the global supply chain, including manufacturing, distribution, warehousing and trucking, are suffering from a severe shortage of qualified
Ransomware has been top of mind for many of us in the cybersecurity industry as we have seen an increasing number of attacks impacting hospital networks, local governments and the broader supply chain. A ransomware attack on a company typically results in lost access to data and systems for some per
Before COVID-19 become a household name, the idea that a virus could cause such severe harm to the global economy was the storyline of Hollywood films. The public, including business executives from across the globe, never imagined the level of supply chain disruption that we see today.Now, as the w
On average, organizations manage more than 650 SaaS applications at once. Such a mind-boggling number makes you wonder how much spend is wasted on unnecessary subscriptions — and whether the subscription-based pricing model still makes sense.Gartner Inc. predicts global spending on SaaS will r
Time is of the essence in the supply chain, especially for truck drivers picking up and delivering goods. Customers not only expect their orders to arrive safely, but service providers see on-time delivery as essential for keeping supply chains operating efficiently.Drivers must complete a series of
COVID-19 and overwhelming consumer demand have made the upcoming holiday season difficult to predict and unlike anything the industry has experienced previously. Consumer purchasing is spiking weeks earlier than historical levels, and increased demand for last-mile delivery has put pressure on
The vulnerability of complex global supply chains, built over decades of globalization, has been exposed by COVID-19 and geopolitical shocks.Take the global automotive industry. Southeast Asia is neither the largest consumer market for automobiles nor a major provider of core components and technolo
In the midst of the worst global supply chain crisis in recent memory, some businesses are finding creative ways to get around severe congestion at seaports and inland freight terminals.Take Ricoma. The manufacturer of embroidery machines found that its recent opening of a new warehouse in Californi
The internet of things (IoT) is already providing benefits to drivers in the form of sophisticated entertainment systems. It’s become common practice to connect mobile phones to smart radios for music or navigation, and many cars have built-in voice recognition software. But IoT technology off
Digital mobility pervades nearly every aspect of life in both the public and private sectors. By the end of this year, the number of mobile phone users is expected to reach 6.8 billion — up from 3.9 billion just five years ago.Modern supply chain logistics is no exception when it comes to
Brands and retailers have been doing a lot of innovation over the last few years to offer customers a truly omnichannel shopping experience. From IKEA’s Planning Studio stores to Nike’s Nike+ app, brands have been rolling out increasingly sophisticated ways to engage with their customers
Industrial Technology