Supply Chain

Victoria part-funds $250k grain supply chain study

Pictured: ears of grain. Photo credit: Robin M via Unsplash.

Victoria’s government has committed $125k to part-fund a study to identify changes to the production, and volume, of grain likely to be harvested over the next 25 years.

The study is also aimed at helping freight industry efficiencies and to improve the competitiveness of the grain industry.

The SouthWest Victoria Alliance will deliver the project, along with local government, industry and the Department of Transport.

Modelled on the...

https://www.shippingaustralia.com.au/victoria-part-funds-250k-grain-supply-chain-study/

Turning Chaos into Control: Strategies for Sourcing Excellence in a Volatile Supply Chain Market

Restoring business stability is high on the agenda for companies that produce, move and sell goods. But there’s still a long road ahead for procurement professionals managing their supply chains.

This white paper explores the complexities engulfing the logistics procurement industry and the solutions that best-in-class teams use to achieve sourcing excellence.

Download the white paper and gain insights into how:

  • Businesses with supply chains are taking rapid action backed by data-driven insights...

https://www.freightwaves.com/news/turning-chaos-into-control-strategies-for-sourcing-excellence-in-a-volatile-supply-chain-market

Supply chains have a forecasting problem

High frequency data is the solution to navigating a volatile environment

Warehouses are full of unneeded inventory due to the fact companies like Target and Walmart could not predict demand and production capability effectively. While few companies have come out with a supply chain success story from the past two years, there are lessons to be learned from the gross failure of demand side forecasts.  

The Outbound Tender Volume Index (OTVI) that measures truckload demand did not predict the...

https://www.freightwaves.com/news/supply-chains-have-a-forecasting-problem

Chain.io nabs $11M in quest to create frictionless supply chain

Hundreds of trucks lined up to enter Port of Houston

The last several years have proven how resilient the supply chain is, but also how fragile. The supply chain, as the global economy has learned, is only as good as the information contained within it, and the ability to share that information across platforms, partners and customers.

Chain.io was founded to alleviate that complexity. On Wednesday, the company announced an $11 million series A funding round to continue achieving that goal. The round was led by Fontinalis Partners and High Alpha,...

https://www.freightwaves.com/news/chainio-nabs-11m-in-quest-to-create-frictionless-supply-chain

Order lead times plummet as inventories grow and demand uncertainty soars

Shipping lead times fall 23% as companies order less goods with more frequency

Chart of the Week: Ocean TEU Booking Lead Times – All ports to the USA  SONAR: Container Atlas

Order lead times — the time between order placement and expected ship date for containerized imports — have dropped 23% since late April as supply chain managers are forced to change their strategy in an economic environment that is once again in a transitional state. 

Last week, Target reported that it had essentially too...

https://www.freightwaves.com/news/order-lead-times-plummet-as-inventories-grow-and-demand-uncertainty-soars

Retail supply chains need bold ideas, research analyst finds

Customers shopping inside a mall

LAKE BUENA VISTA, Fla. — What can retailers learn from some of the world’s leading risk-takers? That was the essence of Michael Dominy’s presentation on Wednesday at the Gartner Supply Chain Symposium/XPO 2022 conference at Walt Disney World’s Dolphin Resort.

Dominy, a research analyst with Gartner, said that now is the time for retailers to make moves to both improve and monetize their supply chains. He presented his case through a look at retailers around the world that have made what he...

https://www.freightwaves.com/news/retail-supply-chains-need-bold-ideas-research-analyst-finds

Logistics is now wagging the supply chain tail

Composite image of cargo containers and trucks

LAKE BUENA VISTA, Fla. — Long a sideshow, logistics is now in the driver’s seat, and it is guiding the supply chain to heights never before seen. That is opening up opportunity for logistics professionals to finally get the investment and support for innovation they have long desired.

“Whether it is for the right reasons or the wrong reasons, logistics leaders have never had this much exposure to the [chief supply chain officer] or CEO,” said Brian Whitlock, senior director and analyst at Gartner

https://www.freightwaves.com/news/logistics-is-now-wagging-the-supply-chain-tail

Elephant in the room: Aim to optimize, not cut, logistics costs

LAKE BUENA VISTA, Fla. — Ocean rates are up. Trucking rates are high. Airfreight rates are up. And the global supply chain is in crisis. So why does Greg Aimi believe the answer is to eat an elephant?

The Gartner vice president of research and logistics technologies hosted a discussion on Tuesday at the Gartner Supply Chain Symposium/XPO 2022 conference at Walt Disney World’s Dolphin Resort, aptly titled, “If you want to cost-optimize logistics, learn how to eat an elephant.”

His point was that...

https://www.freightwaves.com/news/elephant-in-the-room-aim-to-optimize-not-cut-logistics-costs

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