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MHI Updates
As part of MHI view's ongoing video program, this episode focuses on RMI Rack Safety Episode 4: Relocating & Reconfiguring Rack.
Racking is incredibly versatile and can often be reconfigured and/or relocated to suit the needs of an evolving facility. However, it’s important to proceed with caution.
Technology and Innovation
Inbound Logistics—During the past few years, the warehouse automation market has seen double-digit growth rates driven in part by the rise of e-commerce and omnichannel retail, finds new research from market intelligence firm Interact Analysis. But, is there a slow-down in sight? Supply & Demand Chain Executive—The average company spend on software and technology exceeds six figures, and 81% of companies plan to increase their investments on software over the next two years, according to Front’s 2019 Logistics Trends Report.
Supply Chain Trends
EBN—Electronics OEMs are looking for new and better ways to trace the products, whether microchips or motherboards, as they move from procurement to manufacturing to delivery to customers. Some are betting that nanodiamond dust may be an answer, combined with a scanner and blockchain technology. Leadership
MITSloan Management Review—A 2012 study estimated that digital distractions cost businesses more than $10,000 per worker per year. According to a more recent report from Udemy, nearly two-thirds of workers (62%) spend about an hour of each workday looking at their phones. To regain focus in an ever-distracting digital world, managers must not only give employees tools and training but also model the right behaviors themselves.
Transportation
Transport Topics—Recent research by Stay Metrics concluded about one-third of newly hired drivers at a broad range of motor carriers failed to last 90 days, but experts agreed carriers could help stem the costly turnover. Supply Chain Management Review—While autonomous cars have been getting a lot of attention, it looks more likely that autonomous trucks will be first to hit “cruising speed.” Komatsu and Peloton are just two of the big names in the mix, and they are posting continual progress in the technology behind autonomous trucks. Education & Professional Development
Inbound Logistics—A recent CEO survey by Gartner1 cited “lack of appropriate talent and capability” as the top most inhibitor to a company’s digital progress. Supply chain organizations are no exception. The gap between the skills needed to compete in an increasingly digital world and those available in the organization is widening. Workforce
MITSloan Management Review—Around the world, select urban areas dominate the advanced analytics talent pool. If your headquarters doesn’t happen to be in Silicon Valley, Beijing, or Bangalore, however, there’s hope.
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