Global Food Crisis Demands Urgent Digital Standards by 2050

Global Food Crisis Demands Urgent Digital Standards by 2050

TOMRA Food has initiated a cross-industry working group to accelerate the development of digital standards in the food industry, aiming to address the global food crisis projected for 2050. Digital technologies, through precision agriculture, optimized packing plant operations, and coordinated distribution and retail, can significantly improve food supply chain efficiency and reduce waste. Facing challenges such as data security and technical standards, the industry needs collaborative innovation to embrace a digitally driven food era and ensure future food security.

US Supply Chain Strains Amid Truck Driver Shortage High Turnover

US Supply Chain Strains Amid Truck Driver Shortage High Turnover

The US trucking industry faces a high driver turnover crisis, with large freight companies experiencing rates as high as 90%. Contributing factors include industry models, the ELD mandate, and difficulties in obtaining a CDL. Analysts predict potential increases in freight rates or a shift towards intermodal transportation. Solutions involve improving driver compensation and working conditions, embracing new technologies, and streamlining regulations. Addressing these issues is crucial to mitigating the freight crisis and controlling rising logistics costs.

CBRE Highlights Untapped Industrial Logistics Real Estate Potential

CBRE Highlights Untapped Industrial Logistics Real Estate Potential

A CBRE report highlights the potential of 14 strategic industrial and logistics real estate markets in the US. These markets exhibit high demand exceeding supply, rising rents, and boast superior infrastructure and labor forces. Strategic markets offer investors higher yields and diversification opportunities, but thorough due diligence of the local economic environment is crucial. Investors can find opportunities in these markets, but should also be aware of the local economy.

Women Leaders Boost Supply Chain Resilience Through Diversity

Women Leaders Boost Supply Chain Resilience Through Diversity

Gartner's latest research indicates a steady increase in women's overall representation in the supply chain, with a record 26% holding senior leadership positions. However, growth in middle management roles remains sluggish. Diverse leadership is crucial for enhancing supply chain resilience. Companies should establish clear diversity goals, improve recruitment and promotion mechanisms, provide career development support, foster an inclusive culture, and promote role models. By working together, we can build a more resilient and equitable supply chain future.

Deloitte ASCM Launch Digital Model to Strengthen Supply Chains

Deloitte ASCM Launch Digital Model to Strengthen Supply Chains

Deloitte and ASCM jointly released the Digital Capabilities Model (DCM) for supply chain networks, aiming to help companies address challenges such as market volatility, technological innovation, and changing consumer demands, and build more resilient and adaptable supply chain networks. Seamlessly integrated with the SCOR Digital Standard, DCM views the supply chain as a dynamic and interconnected system. It offers application scenarios such as investment strategies, transformation plans, and objective assessments, helping companies achieve digital transformation. This model provides a framework for assessing and improving digital capabilities across the entire supply chain.

Target Invests 7B in Supply Chain Overhaul

Target Invests 7B in Supply Chain Overhaul

At the CSCMP EDGE conference, Target's Chief Supply Chain and Logistics Officer, Gretchen McCarthy, shared Target's supply chain strategy. This includes a $7 billion investment in stores, the construction of sortation centers, Shipt last-mile delivery, and the application of automation. She emphasized a customer-centric approach, empowering partners, and maintaining supply chain resilience and flexibility to address future challenges. Target aims to optimize its operations to meet evolving customer demands efficiently and effectively.

US Supply Chain Council Boosts Resilience Through Collaboration

US Supply Chain Council Boosts Resilience Through Collaboration

The U.S. Supply Chain Council was established to enhance supply chain security and resilience, safeguard jobs, and invest in infrastructure. Through policy advocacy, interest coordination, and public awareness campaigns, the council unites businesses, labor organizations, and other stakeholders to build a secure and efficient supply chain system. This aims to address global instability and provide a guarantee for U.S. economic development. The council's collaborative approach is crucial for navigating complex challenges and ensuring a robust and reliable supply chain for the nation.

Lightbulbscom Boosts Peak Season Output Without Adding Staff

Lightbulbscom Boosts Peak Season Output Without Adding Staff

LightBulbs.com successfully doubled its throughput during peak season without adding staff by integrating a transportation platform, automated dimensioning, real-time visibility, and a freight recovery mechanism. Their experience demonstrates that technological innovation and process optimization are crucial for e-commerce businesses to improve logistics efficiency and address business challenges. The integrated approach allowed them to streamline operations and handle increased order volume effectively, highlighting the importance of strategic logistics solutions in a competitive market.

Ottawa Logistics Sees 190 Order Surge After Ecommerce Shift

Ottawa Logistics Sees 190 Order Surge After Ecommerce Shift

Ottawa Logistics successfully transitioned to e-commerce logistics by optimizing picking and packing processes, preventing mis-shipments, and collaborating with technology experts. This led to a nearly 190% increase in e-commerce orders within a year. Their experience demonstrates that embracing e-commerce is a necessary trend for 3PL companies. Technology enablement and process optimization are crucial for success in this transformation. By focusing on efficiency and accuracy, 3PLs can capitalize on the growing e-commerce market and achieve significant growth.

Shipping Industrys Digital Shift Could Yield Trilliondollar Gains

Shipping Industrys Digital Shift Could Yield Trilliondollar Gains

The shipping industry faces significant challenges due to insufficient data sharing and poor collaboration. A new report highlights the urgent need for digital transformation. By improving coordination between carriers and terminals, and enhancing supply chain visibility, the industry can significantly improve efficiency, reduce costs, and unlock substantial business potential. Digitalization offers solutions to streamline operations, optimize resource allocation, and foster better communication across the entire shipping ecosystem, leading to a more resilient and competitive industry.