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…
DetailsEfforts 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…
DetailsA 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…
DetailsIn 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…
DetailsAfter 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…
DetailsIn the arid regions of eastern Zimbabwe, a cloud of red dust engulfs the landscape as a procession of trucks laden with lithium, often referred to as “white gold,” rumbles through. For local residents like Wonder Mushove, who have endured the hardships of recurrent droughts, the burgeoning lithium mining industry holds the promise of a…
DetailsDuring the recent National Retail Federation’s NRF 2024: Retail’s Big Show, the CEO and President of a prominent delivery company emphasized the crucial role of intelligent supply chains and transparency in the fashion industry. With projections indicating that online retail sales could reach an annual total of $8 trillion by 2026, the CEO highlighted the…
DetailsIn a recent report by Xinhua, it was revealed that the Alataw Pass and the Horgos Port in northwest China’s Xinjiang Uygur Autonomous Region have successfully managed over 70,000 China-Europe freight trains since their inception. This region, serving as a gateway to Central and Western Asia, has evolved into a crucial transit hub for outbound…
DetailsAs the supply chain landscape continues to face geopolitical disruptions, 2023 showcased challenges that are likely to persist into 2024. The escalating series of attacks by Houthi rebels in the Red Sea and ongoing conflicts in Ukraine and Gaza have created a recurring migraine for supply chain professionals. Acknowledging the inevitability of such disruptions, executives…
DetailsEuropean Union (EU) member countries and lawmakers are close to reaching a consensus on regulations that would require Europe-based companies to prioritize the production of critical goods. This move aims to prevent potential supply chain disruptions, as confirmed by a prominent legislator responsible for the legislation. The European Commission initially introduced the Single Market Emergency…
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