Current News
Given the circumstances of the world and those of us who inhabit it are in these days, I wish to lead this column with a shout-out to the staff of CSCMP, sponsors, exhibitors, presenters, and to our many members who showed courage, demonstrated patience, had the passion to succeed, and persevered against so many odds to build and hold an in-person CSCMP EDGE Conference in Atlanta. The conference was more than a success. It was a victory and a testament to CSCMP and the supply chain profession’s practitioners and academics alike. You showed the market that the world is coming back – and every supply chain professional needed that! At this point in the year, you’d normally be hearing something like, “well, 2021 has been yet another year of growth and change for Supply Chain.” Instead, words like “unprecedented”, “historic”, and “uncertain” have been used to describe a year like no other. In fact, there has been very little for any of us to draw upon in terms of precedence. The challenges and constraints within our supply chains due to the pandemic became apparent and newsworthy – all the way down to the consumer. Some organizations are still struggling to know where everything is at, and trust in the supply chain has been tested. COVID-19 may have felt like a Category 5 hurricane that left you battered and bruised – and you’re not alone – but I’d like to think that Supply Chain took a direct hit and is still standing. There’s no doubt that the pandemic increased costs and disrupted efficiencies, but it also highlighted the value of end-to-end visibility, data and analytics. It’s these learnings that need to be analyzed and shared, so that we all come out of this stronger and more resilient. First, there’s no doubt that resiliency and redundancy within our supply chains is critical. But resilience is most effective when paired with visibility. Supply lines require the ability to see, feel and touch, and we not only need visibility into our supplier’s, but our supplier’s suppliers. Next, companies need information and knowledge to be agile and make quick decisions. CSCMP’s 32nd Annual State of Logistics Report describes the homebound consumer, who in 2020 embraced e-commerce and exacerbated shippers’ normal ability to meet consumer expectations and manage costs and quality. E-commerce growth then spurred demand for warehousing, but not for traditional SKUs because in response to the pandemic, our unpredictable consumer not only changed how they shopped, but what they purchased. The supply chain must be flexible enough to absorb any shocks that comes along, including natural disasters, humanitarian crises, tight labor markets and unpredictable demand. The State of Logistics Report also describes supply chains as “continuing to reset from the pandemic with resilient logisticians adapting, planning and shifting to meet current and future demands.” The U.S. economy is now expected to grow 7.7% this year, hopefully signaling a return to normal. Or … maybe a new, and dare I say, improved normal? How has the past year changed you and your organization? Well, before you ponder that question, I want to first congratulate you on being the smartest supply chain professionals in the world. To quote an ancient Chinese proverb, "To know the road ahead, ask those coming back." The blend of supply chain leadership, experience, and knowledge available within the CSCMP supply chain community can be found nowhere else on the planet. As your professional organization, it’s our responsibility to provide access to cutting-edge research, and unparalleled networking and educational opportunities. You know that your CSCMP membership and events like CSCMP’s Annual EDGE Supply Chain Conference and local roundtable meetings are the right tools to help you solve today’s challenges and prepare you for the next … and there WILL be a next! If CSCMP doesn’t help prepare you for what’s coming…who or what will?
Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=696536&issueID=80296 to view the full article online.
|
Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=696490&issueID=80296 to view the full article online.
|
Watch Scott Lang, Chairman & CEO of Turvo, to hear results from a recent survey of 200+ supply chain leaders on the Amazon effect and why customer experience (CX) is now at the heart of every CSCO’s growth strategy. Learn how collaboration makes for exceptional customer experiences using a ‘Farmers’ approach to logistics, making the whole greater than the sum of its parts by unifying the people, processes, and systems that drive profitability. Scott Lang serves as Turvo’s Chief Executive Officer. He brings more than 30 years of leadership and management experience in the services and technology industries to this role.
Visit https://education.cscmp.org/edge_2021_town_halls to view the full article online.
|
Hear from Chief Revenue Officer of Truckstop.com, Kendra Tucker, on the critical role that technology plays to help freight movers succeed in today’s freight market and beyond. For more than 10 years Kendra Tucker has grown and led teams across a variety of business models and industries. Tucker graduated with a degree in international studies from the University of Chicago and spent her early career at Gallup and CEB (now Gartner), working in research and tehn moving to product marketing and sales leadership, scaling teams and closing deals with companies like BMW and Chanel.
Visit https://education.cscmp.org/edge_2021_town_halls to view the full article online.
|
While the transportation industry has always been data rich, most companies do not leverage its full potential. In this talk, Chris Caplice, DAT’s Chief Scientist and Chief of Analytics, describes and demonstrates how data science, visualization, and advanced modeling is being used to help shippers, carriers, and brokers improve their operations. Moving beyond just averages, this talk will illustrate the power of data science in transportation. Dr. Caplice is Chief Scientist for DAT Solutions as well as a Senior Research Scientist at MIT. He is also the Executive Director for the MIT Center for Transportation & Logistics and Founder/co-Director of the MIT FreightLab. Chris was named the Silver Family Research Fellow and awarded the CSCMP Distinguished Service Award in 2016.
Visit https://education.cscmp.org/edge_2021_town_halls to view the full article online.
|
Did you know that many enterprise shippers only have visibility into 30%-70% of shipments? As a result of not having the real-time visibility needed, supply chains are not living up to modern customer expectations and are being forced to overcompensate with excess inventory, manual workarounds and disappointed customers. Global end-to-end Order Health is what’s required to proactively manage exceptions, streamline supply chain operations, and deliver on the customer promise. Watch Adam Compain, Senior Vice President, Global Product Marketing at project44 for this presentation. Adam Compain is SVP of Global Product Marketing at project44, which acquired ClearMetal, where he was Founder & CEO for six years. Prior, Adam spent five years at Google launching their latest technologies, and spent 21 years as Executive Director of a charity he founded to export charitable goods. Adam holds five technology patents, a B.S. from the University of Michigan, and an MBA from Stanford University.
Visit https://education.cscmp.org/edge_2021_town_halls to view the full article online.
|
CSCMP’s Young Professionals in Supply Chain Report Presented by Penske Logistics What do young professionals think about working in the supply chain field? Why are they attracted to the business, and what are they looking for in a career? These are questions leaders from CSCMP, Penske Logistics, and Korn Ferry set out to answer in the bi-annual Young Professionals Survey.
In the third edition of CSCMP’s Biannual Young Professionals in Supply Chain Report, researched and authored by Korn Ferry and presented by Penske Logistics, the 2021 survey results provide insights on the motivations and perspectives of the next generation of supply chain leaders. Gain insights into how they like to be developed, how they uncover supply chain jobs, and if they will relocate for the right opportunity. Visit https://cscmp.org/CSCMP/Research/Reports_and_Surveys/Young_Professionals_Report/CSCMP/Develop/Research/Young_Professionals_in_Supply_Chain_Report.aspx?hkey=01f1adb7-bcc2-46e3-8c51-bb312aa25ac0 to view the full article online.
|
Logistics 2030 Year Three: Navigating a Disruptive Decade Sponsored by KPMG CSCMP, Auburn University, NASSTRAC, and AGiLE Business Media (publisher of DC Velocity & CSCMP’s Supply Chain Quarterly) have undertaken a multi-year study Logistics 2030: Navigating a Disruptive Decade, sponsored by KPMG.
In 2018, when the Logistics 2030 project began, little did we know that the following three years would be some of the most transformative for supply chains. Market volatility caused by the pandemic, the subsequent economic downturn, and severe weather events have converged to cause enormous stress on all areas of the supply chain. Year 3: Strategic Sourcing and Inbound Logistics Key Findings from the 2021 Report The 2021 study is the third edition of this series and Strategic Sourcing and Inbound Logistics explores the findings and managerial implications of operating in a dynamic sourcing environment. The annual study presents a long-term view of the supply side of global supply chains and takes an in-depth look at strategic challenges in sourcing and inbound logistics. Where is sourcing and inbound logistics headed over the next decade and how will it impact your supply chain? Register today to join us on November 4 for the webinar as experts from the Logistics 2030 research team share their insights and the highlights from the Year Three Study. Visit https://cscmp.org/CSCMP/Research/Reports_and_Surveys/Logistics_2030/CSCMP/Develop/Research/Logistics_2030_Navigating_A_Disruptive_Decade.aspx?hkey=5b1a58f4-6056-4496-8efb-45fc7195649b to view the full article online.
|
