Logility Acquires Garvis AI to Enhance Supply Chain Forecasting

Logility Acquires Garvis AI to Enhance Supply Chain Forecasting

Logility's acquisition of Garvis marks its official entry into the Supply Chain AI domain. Garvis' DemandAI+ integrates generative AI with machine learning, revolutionizing demand forecasting and helping businesses improve forecast accuracy, optimize inventory, and reduce costs. This powerful combination signals the arrival of an AI-driven intelligent supply chain era. Logility will continue to innovate, empowering businesses to succeed in complex markets. The integration of DemandAI+ promises enhanced visibility and responsiveness within the supply chain, ultimately leading to greater efficiency and profitability for Logility's customers.

Aviation Industry Must Boost Supply Chain Resilience IATA Says

Aviation Industry Must Boost Supply Chain Resilience IATA Says

IATA highlighted the critical role of air cargo in global supply chain resilience at the World Cargo Symposium in Dubai. They urged for strengthened security, accelerated digital transformation (promoting the ONE Record standard), and a firm commitment to sustainability (expanding SAF production). Furthermore, IATA called on nations to uphold free trade and avoid protectionist measures. The organization emphasized the importance of collaboration and innovation to navigate current challenges and ensure the continued efficiency and reliability of air cargo operations.

Cosco Shipping Releases Innovative Digital Supply Chain Products And Industry Solutions

Cosco Shipping Releases Innovative Digital Supply Chain Products And Industry Solutions

At the 2024 Global Supply Chain Partnership Conference, COSCO Shipping Holdings launched three digital supply chain products and two industry solutions aimed at driving innovation in full-chain services. The new products, 'Flexi-Match,' 'Sea-Rail Connect,' and 'Global Easy,' focus on customer-selected services, integrated transportation modes, and one-stop global logistics, providing customers with a more flexible and convenient logistics experience, further promoting innovation in the supply chain ecosystem.

06/28/2024 Logistics
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Chinas Manufacturing Cost Edge Fades Amid Global Labor Shifts

Chinas Manufacturing Cost Edge Fades Amid Global Labor Shifts

Research from the Reshoring Institute indicates that China is no longer the lowest labor cost country due to global supply chain shifts. The study compares labor costs across 13 countries, providing a benchmark for companies adjusting their global supply chain strategies. This helps businesses to more effectively manage costs and optimize their supply chain operations. The findings offer valuable insights for companies seeking to reshape their supply chains in response to evolving global economic conditions and to make informed decisions regarding manufacturing locations.

Global Supply Chains Adopt Resilience Strategies for Future Stability

Global Supply Chains Adopt Resilience Strategies for Future Stability

Facing increasing disruptions in the global supply chain, governments and businesses should collaborate. By pooling global expertise, embracing data analytics, supporting small and medium-sized enterprises (SMEs), and enhancing sustainability, we can build a more resilient global supply chain. This ensures smooth operations during disruptions and safeguards the future of the industry. The four key strategies are crucial for mitigating risks and fostering a robust and adaptable supply chain network that can withstand future challenges.

Air Freight Links Farms to Supermarkets Amid Supply Chain Demand

Air Freight Links Farms to Supermarkets Amid Supply Chain Demand

This article analyzes the importance of the food logistics industry, particularly the critical role of air transportation in ensuring the timely delivery of fresh produce to consumers. In 2024, the fresh produce market via air transportation is projected to grow by 8%, with fruits and vegetables holding the largest share. Accelerated air freight services will significantly reduce food waste.

Uber Freight Exec to Speak at 2025 Supply Chain Conference

Uber Freight Exec to Speak at 2025 Supply Chain Conference

The Next Generation Supply Chain Conference 2025 will be held in Nashville from October 22 to 24, featuring Uber Freight CTO Val Marchevsky as the keynote speaker. He will discuss how technology is reshaping the logistics industry. The conference will include various specialized areas, bringing together industry elites to support the future development of the supply chain.