Dow Chemical is in the midst of a digital transformation. They have set up to test out new and emerging technologies. They have had success in developing valuable intellectual property based on artificial intelligence in the area of trade classifications.
Global Trade Compliance (GTC) solutions help companies follow complex trade rules. That is necessary buy not strategic. Sourcing is strategic. GTC content is necessary for strategic sourcing. But what is really needed are engines that quickly allow companies to understand what they need to do in component sourcing for their products to qualify for duty free treatement.
Measuring on-time performance was once the most common key performance indicator (KPI) for transportation departments when visibility solutions first became available. Each quarter, a carrier score card was reviewed. Ocean and air carriers were measured by on-time performance. Rail carriers reported and measured theirs as scheduled departures. And motor carriers were measured by their service […]
The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged. This is a good sign for the US economy, as jobs continue to grow. There is one area, in particular, that has […]
Today’s economy is driven by a global supply chain where goods move around the world 24/7. As supply chains grow more complex, so does the ability to secure goods. One of the biggest challenges affecting businesses today is cargo theft, and the resulting potential disruption of the supply chain. How large is this problem? While […]
Last month, antidepressants worth $75 million were stolen from an Eli Lilly warehouse in Enfield, Connecticut. According to an article in the Spokesman-Review, “the thieves cut a hole in the roof, lowered themselves into the building on ropes, disabled the alarm system and stole enough drugs to fill a tractor-trailer. The stolen pharmaceuticals included the […]