Supply Chain news and trends

Customer Demand, Supply Chain Uncertainties Costs Firms on Average $21 Million Annually
Business // April 15, 2024

Concerns about inflation and the potential for another interest rate hike are only increasing the fierce levels of uncertainty corporate CFOs must now navigate — and that uncertainty comes at a high cost. And, as PYMNTS Intelligence found in completing its “2024 Certainty Project Report,”...

FourKites and BuyCo Partner on Container Shipping Management Solution
Partnerships // April 03, 2024

FourKites and BuyCo partnered to offer a container shipping management solution that provides Fortune 500 shippers with visibility across inland and ocean shipments. With the integrated offering created by this collaboration, shippers can manage initial planning and booking, documentation and tendering and gain real-time transportation visibility, the companies...

Supply Chain Chaos Threatens East Coast After Baltimore Bridge Collapse
Supply Chain // April 02, 2024

When supply chains run smoothly, the economies they support do too. But when even the smallest disruption occurs, supply chains can quickly turn into the equivalent of a daisy chain — where one event sets off a cascading impact down the entire logistics value chain....

Supply Chain Enhancements Could Mitigate Impact of Baltimore Tragedy 
Supply Chain // April 01, 2024

While government crews continue to work on opening up a temporary, alternate shipping route around the site of last week’s catastrophic bridge collapse, how the incident will impact the global supply chain remains unclear.   The Francis Scott Key Bridge crumbled on March 26 after a cargo ship lost power...

Interviews & Exclusives
AI-Powered Innovations Cut Construction Procurement Time in Half

March 06, 2024
Almost every construction project comes with two unavoidable truths: unexpected delays, and extra costs. But while construction projects facing procurement snags while running up labor costs are nothing new, the solutions for the $1.7 trillion global construction materials sector are. “Identifying the right products and materials for the particular needs of a construction project is a […]

Supply Chain Modernization Gap Narrows With Investments in Automation, Digital Payments

February 16, 2024
Supply chains are the lifeblood of global commerce, linking manufacturers, suppliers, distributors and retailers to ensure products reach consumers efficiently.  However, traditional supply chain models, often reliant on manual processes...

How GreyOrange CEO Will Use $135M, AI and Robots to Modernize Warehousing and Fulfillment

January 22, 2024
Omnichannel commerce has transformed how we pay for things and the length of time in which we expect to get what we pay for. Delivery windows are shrinking. Where once...

CPGs Get Failing Grade on Digitizing Supply Chains, Say RELEX Co-Founder

January 12, 2024
Like all chains, supply chains are only as strong as their weakest link.  Only, unlike most physical chains, identifying the weakest link in a complicated supply chain be, well, complicated. ...

Quick Reads
SAP Debuts New AI Offerings for Supply Chains

April 22, 2024
Enterprise application software company SAP has introduced artificial intelligence (AI) advances for its supply chain solutions. According to a Monday (April 22) news release, SAP said these AI-driven insights from real-time data will help its customers use their own data to make better decisions across supply chains, streamline product development and make manufacturing more efficient.  “Businesses today […]

FourKites and BuyCo Partner on Container Shipping Management Solution

April 03, 2024
FourKites and BuyCo partnered to offer a container shipping management solution that provides Fortune 500 shippers with visibility across inland and ocean shipments. With the integrated offering created by this collaboration, shippers can...

Retail Inventories Increase 5.6% Year Over Year in February

March 29, 2024
Retail inventories increased to $808.8 billion in February. That figure is 0.5% higher than January and 5.6% higher than it was a year earlier, the Census Bureau said in a...

Gather AI Raises $17 Million for AI-Powered Inventory Monitoring

March 27, 2024
Gather AI has raised $17 million to scale its computer vision and AI-powered warehouse inventory monitoring offerings. The Series A-1 round, announced Wednesday (March 27), will be used to scale operations as Gather...