Some of the world’s biggest retailers and their partners are once again feeling the sting of “the bullwhip effect” – a term of art amongst supply chain professionals that describes how changes in demand at the retail level can reverberate and amplify issues throughout the supply chain. For months, retailers have been stockpiling massive amounts […]
Amidst ongoing uncertainty caused by COVID-19 lockdowns in Asia, war in Europe, scarce raw materials and steep inflation, companies are stockpiling inventory as never before in the hopes of mitigating future supply chain shocks. As a result, warehouse space is scarce and rents are on the rise – a trend that could continue “for at […]
Where’s my shipment? That’s the question that continues to bedevil the global supply chain industry. As I detailed in a recent column, the answer to constant supply chain volatility is pervasive real-time visibility into the precise location, temperature or status of a shipment — at any point along the journey. Widespread industry collaboration and the […]
I can only imagine what it must be like to be at sea during a major storm. When you can barely see beyond the bow of the ship, when extreme wind and waves threaten to throw you off course – or worse, sink you – it’s understandable that long-term thinking can get chucked overboard like […]
For more than a year, global supply chains have been buffeted by one major disruption after another. The surging Delta virus, devastating floods in China and Germany and cyber attacks on South African ports are amongst the latest in a series of events that continue to send shock waves throughout the system. The impact? Raw […]
In a prior post, I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). Today, I’m going to add a qualifier — it […]
I recently read a thought-provoking report with several predictions about the future of supply chain technology. As I read through it, I was struck by a glaring dichotomy: Supply chain organizations are expected to double down on artificial intelligence, advanced analytics and various digital supply chain technologies — and yet the report predicts that “through […]
As researchers around the world race to develop a safe and effective COVID-19 vaccine, pharma companies also face another daunting challenge: how to distribute hundreds of millions of highly sensitive vaccine doses, quickly and accurately, across the country and the world. Normal vaccine distribution was already inherently complex with a myriad of issues – including […]
I’ve written previously about how I founded FourKites in 2014 to help shed light on the vast blind spots that exist throughout our complex and interconnected global supply chains. Our focus for the first several years was to build a state-of-the-art platform that would give the world’s biggest shippers, and their carrier and broker partners, […]
The COVID-19 pandemic has forced us to reexamine so much of what society took for granted before the virus outbreak. What lessons have we learned to date that will prepare us when the next crisis hits? It’s a critical question for those of us in the industry. The pandemic completely exposed the world’s dependence upon a highly complex, fragmented and inefficient global supply chain. As we look past the current pandemic, it’s clear that we need a more resilient supply chain – one that can easily flex and adapt during future times of crisis and stress (which, invariably, will come). How do we go about turning that into a reality?
Real-time supply chain data is the foundation for trust between supply chain partners. And so it follows that the data – and the data supplier – that underpins any network should be agnostic. From a technology perspective, the typical enterprise in the supply chain is a collection of silos. With a solid foundation of common data across these silos, trust can blossom between supply chain partners.
The largest source of carbon dioxide emissions in the United States currently comes from transportation, surpassing electricity emissions in 2017 for the first time since 1978. Precisely because of these daunting figures, the vast majority of the world’s largest companies are adopting initiatives to reduce greenhouse gas (GHG) emissions in their supply chains, and adopting […]