Global Logistics Industry Sees Significant Uptick in Supply Chain Management System Investments Global – July 25, 2023 – The logistics industry is undergoing a rapid digital transformation, with over 60% of logistics companies making substantial investments in supply chain management systems. According to a comprehensive report titled “Unlocking the Future: Embracing Digital Transformation in Logistics,”…
DetailsLONDON – July 5, 2023 – Representatives from major industry players such as DHL Supply Chain, Alexander Dennis, and Volvo Trucks have appealed to all political parties to provide support for the UK automotive supply chain in scaling up the electric vehicle (EV) sector. At the annual Society of Motor Manufacturers and Traders (SMMT) conference…
DetailsThe role of technology in streamlining supply chains cannot be overstated. Automation and robotics, IoT and sensors, AI and ML, and blockchain technology are revolutionizing supply chain management practices worldwide. The adoption of these technologies enables businesses to enhance operational efficiency, reduce costs, improve visibility, and better meet customer demands. As technology continues to evolve, organizations that embrace these advancements will gain a competitive edge in an increasingly complex and dynamic business environment. Leveraging the power of technology in supply chain management is not only a necessity but also a strategic imperative for businesses to thrive.
DetailsTalent management is crucial for building a high-performing supply chain function. To attract and retain the right people, organizations must establish a strong employer brand, emphasize continuous learning and development, foster collaboration, and provide competitive compensation and benefits. By prioritizing talent management strategies, businesses can ensure a skilled workforce capable of driving innovation, optimizing processes, and delivering exceptional supply chain performance.
DetailsSupply chain finance offers significant benefits for businesses, including improved cash flow, optimized working capital, risk mitigation, strengthened relationships, and enhanced supply chain visibility. By leveraging financial solutions that support the interconnectedness of supply chains, businesses can optimize their financial position, drive growth, and improve the overall resilience and efficiency of the supply chain ecosystem.
DetailsReducing waste in supply chains is vital for operational efficiency, sustainability, and cost savings. Approaches such as lean manufacturing, inventory optimization, reverse logistics, packaging optimization, and collaboration with suppliers are effective strategies to achieve waste reduction goals. By implementing waste reduction practices, businesses can lower costs, enhance sustainability credentials, minimize environmental impact, and meet the increasing consumer demand for responsible supply chains. Embracing a waste reduction mindset is a win-win approach that benefits both businesses and the planet.
DetailsClimate change presents significant challenges to global supply chains, affecting operations, resource availability, and customer expectations. Supply chain managers must recognize the urgency of addressing climate-related risks and proactively integrate sustainability and resilience into their strategies. By implementing risk management practices, embracing sustainable technologies, diversifying sourcing, and fostering collaboration, supply chains can mitigate the impact of climate change, ensure continuity of operations, and contribute to a more sustainable and resilient future.
DetailsLONDON – June 23, 2023 – The International Center for Trade Transparency Limited (ICTT) is pleased to share that two of its esteemed Board Members, H.E. Ambassador Sven Jurgenson and Viscount Lord Waverley, conducted productive discussions on the sidelines of the recently concluded Ukraine Recovery Conference 2023. The conference was held in London on June…
DetailsDubai, 2023 – As we look back on an incredible two days of the FiNext Awards & Conference, we would like to express our gratitude for the active participation and engagement of the hosts, speakers and audience. The event, held at Le Méridien Dubai Hotel and Conference Centre on the 21st and 22nd of June,…
DetailsLONDON – June 22, 2023 – The International Center for Trade Transparency Limited (ICTT) expresses its immense satisfaction with the successful conclusion of the Ukraine Recovery Conference (URC) 2023, held in London on 21-22nd June. Representing ICTT, H.E. Ambassador Sven Jurgenson, actively participated in the two-day event, fostering essential dialogues and collaborations towards Ukraine’s sustainable…
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