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Discover the Potential of Augmented Supply Chain

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The world is changing, and advanced technologies are dramatically disrupting the supply chain ecosystem. The Internet of things has radicalized how machines interact with people and one another. Sensor-driven technologies and advanced analytics hold promise in restoring the balance between workload and production. The supply chain is standing on the cusp of innovation and augmented reality (AR) is becoming more applicable to today’s supply chain needs. Most of the organizations have been adopting digitalization to participate in and add value to the network. Seamless system integrations are vital to establishing real-time integrated logistics and predictive networks. The future belongs to the organizations competing— and winning—based on the capabilities they can connect across their supply networks. With time, supply chain processes must augment and change with a massive injection of new technologies, robotics, artificial intelligence, big data approach, and contemporarily become more...

Supply Chain Focus Areas to Mitigate COVID-19 Disruptions

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Most of us have been doing our part during this COVID-19 global pandemic, to keep up with the news about global response measures and have been working diligently to secure raw materials and components as well as protect supply lines. The panic buying, empty shelves in the supermarket and shortage of the essential supplies are not the only disruption in the global supply chain due to the COVID-19 pandemic.  Production stoppage across countries, shortage of raw materials as well as finished goods is the threat that is yet behind the curtain. The current outbreak is unprecedented in its scale and the government, as well as the medical professionals, are doing their best to get the hold of the situation. The pandemic has resulted in an imbalance in the supply and demand structure.  With lively hoods being at stake, businesses must respond on multiple fronts; protect their workers’ safety along with safeguarding their operational viability. As COVID-19 spread...

E2E Shipment management is driven by Intelligent Multi-party Collaborative Logistics Strategy

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When an industry the supply chain involves multiple stakeholders and service providers at each phase, collaboration becomes the key to achieve customer delight. Shipment Management is one of the most complex sectors and experiences a higher rate of exceptions. Hence, having a multi-party collaborative strategy in place becomes indispensable for any service provider to address some defining parameters of the supply chain industry like data exchange mechanism, operations, real-time tracking, delayed delivery, and exception management.  Data Exchange Mechanism The prime objective of the manufacturers today is  “Meeting consumer demands intelligently and efficiently” . However, the biggest challenge is enhancing efficiency without impacting the existing operational setup. The dynamics of businesses have transformed the way they make, move, and sell goods, and hence, they strive hard to meet growing consumer demands faster and easier while also keeping the operationa...

TELECOMMUNICATION CHANNELS AND SUPPLY CHAINS RIGHT FROM THE FUTURE

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The next- gen wireless technology will offer a new application landscape on a B2B & B2C scale, with near real-time connectivity. In the last decade, 4G has become the standard for many mobile consumers around the world. Currently, fourth-generation wireless systems benefited the most yet in the aspect of new channels of data consumption, but it also has limitations. Over the upcoming era where connected devices usage will rise and it will require networks to transmit massive data in near real-time. AT&T launched  the earliest 5G deployment around the end of 2018 in 12 cities but the widespread implementation of the technology may take the next few years. Tale of Wireless Technology Systems: These systems were available as commercially to end-consumer from around late 1970s and early 1980s. The first generation (1G) of wireless technology systems came with the introduction of cell phones. These devices and networks allowed for mobile voice calls, but noth...

Coronavirus cripples Global Supply Chain

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The aftereffects of the coronavirus epidemic are becoming more and more evident with every passing day. The supply chain industry is one of the worst affected sectors. We present you with the specifics of how big the impact is. Expected GDP drop  Chinese is one of the biggest production hubs in the world. China’s sheer prowess in the manufacturing and supply chain can be estimated from the fact that the Asian nation alone contributed 39% in the global GDP of 2019. Impact on Global Supply Chain  Recently in an interview with FreightWaves, economist  Paul Bingham, director of transportation consulting at IHS Markit  talked about the ongoing and potential effects of the virus that is slowly traveling around the globe. On being asked about the state of supply chain managers in the region and the impact of the shutdown, Paul says,  “What’s happening is that the gap you managed against is now extended. If these factories don’t restart or if they...