In the realm of supply chain and procurement, the adoption of generative artificial intelligence (AI) is increasingly becoming a focal point. While supply chain teams have been somewhat slower compared to their counterparts in marketing and customer service when it comes to embracing generative AI, a shift is underway. According to a recent survey by…
In the wake of significant developments in the global semiconductor landscape, Southeast Asian countries such as Malaysia, Singapore, and Vietnam are increasingly positioning themselves as crucial players in the semiconductor supply chain. The recent presidential election in Taiwan, which saw the victory of an anti-China candidate, has heightened geopolitical uncertainties surrounding Taiwan, a pivotal hub…
Artificial intelligence (AI) has become a versatile tool across various industries, and the food retail sector is no exception. Numerous food tech companies are harnessing AI’s capabilities to enhance efficiency and ease at every step of the supply chain, benefiting suppliers, retailers, and consumers alike. San Diego-based tech firm, known for its Internet of Things…
Efforts to Reduce Plastic Usage and Promote Sustainable Supply Chains: The consumer goods industry is grappling with the issue of plastic waste and its environmental impact. This sector’s global footprint has been marred by the proliferation of plastic waste. While not all businesses can implement closed-loop supply chains, many are exploring ways to make their…
A major grocery retailer is taking significant steps to enhance sustainability within its fresh produce supply chain, with a particular focus on biodiversity and the welfare of pollinators. The company has set a new target for its suppliers of fresh produce, mandating the adoption of Integrated Pest Management (IPM) practices for all supplied products based…
In a promising development for the retail sector, the third quarter of the year saw sales growth surpassing inventory levels for the first time since the onset of the pandemic, as reported by analysts at Telsey Advisory Group. Retailers grappled with an inventory glut that emerged in spring 2022 due to factors like inflation and…
After years of hard work and negotiations, European institutions recently reached an agreement on a groundbreaking EU supply chain law aimed at tackling human rights and environmental abuses within corporate supply chains. However, just when the finish line seemed within reach, the Free Democratic Party (FDP), a coalition partner in the German government, has thrown…