DIALOG @ILMagazine [ INSIGHT ]
Want to join the conversation? FOLLOW US: linkedin.com/company/inbound-logistics facebook.com/InboundLogistics twitter.com/ILMagazine youtube.com/user/InboundLogistics inboundlogistics.com/cms/podcast DROP US A LINE: email@example.com Fast TAKES On global supply chain disruption With the latest lockdowns in China, disruptions are putting new pressures on supply chains. When one node of a supply chain is impacted, it reduces the flexibility for systems to be able to respond. This creates a knock-on impact leading to congestion at ports, slower delivery times, and price increases for consumers.
Re. Good Question: How can retailers compete with the logistics dominance of
INSTAGRAM SHOUT OUT
the e-commerce behemoths? bit.ly/ILGoodQuestion_0422
You offer the product, variety, and value they may not. It’s about distancing and separation. Deep domain expertise within narrow product categories can be a clear advantage. For instance, what professional expert are you going to call at an e-commerce behemoth like Amazon for product advice? Instead, Amazon relies on crowdsourcing reviews from buyers. And try getting advice on the best hardwoods for furniture building from Home Depot. Better to consult with a specialist in that space. Position yourself and become such a specialist in your space to gain a competitive edge. –Eric Allais President & CEO, PathGuide Technologies Re. Checking In: Twinning Your Supply Chain from Google bit.ly/supplychainTWIN As digital twin technologies continue to expand into the end-to-end business cycle, logistics data will be paramount. Optimum product configurations can be identified by running simulations in a digital twin environment. If any part of a product is delayed due to supply chain constraints, digital twins allow manufacturers to identify alternative parts to get to market faster, and shippers that match these manufacturers’ agility and can optimize capacity will thrive. –Jay Marshall Global Head of Value Engineering Physna
–Douglas Kent EVP, Association for Supply Chain Management
On the Administration’s initiative to improve supply chain data flow: Freight Logistics Optimization Works (FLOW) One major challenge will be the data each participant shares will be delivered in various formats over different platforms. AI will need to be used strategically to transform documents and
Quick TIP Leverage artificial intelligence in the warehouse by using automation to gain accurate and near real- time visibility into inventory status and inventory-related events, while simultaneously reducing labor costs. This can be accomplished with advanced sensors and cameras combined with computer vision. @elizabdhb One of the vital skill sets today! Bite- sized supply chain and logistics info. Key learnings to make doing business more logical and efficient.
streamline process bottlenecks. Take customs declarations, for
example. Stakeholders must stay on top of processing the customs declarations, which originate many times as documents. Are they scanned in the cab, captured via a mobile app, or scanned at the depot? All are valid options, but speed and accuracy are key. How fast can you transform the text locked within a document into accurate and actionable process-ready data? FLOW is a needed and ambitious initiative, but participants need to be on the same technology pace. –Bruce Orcutt SVP, ABBYY
–K.G. Ganapathi Founder and CEO Vimaan
12 Inbound Logistics • May 2022
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