Supply Chain

Chain.io nabs $11M in quest to create frictionless supply chain

Hundreds of trucks lined up to enter Port of Houston

The last several years have proven how resilient the supply chain is, but also how fragile. The supply chain, as the global economy has learned, is only as good as the information contained within it, and the ability to share that information across platforms, partners and customers.

Chain.io was founded to alleviate that complexity. On Wednesday, the company announced an $11 million series A funding round to continue achieving that goal. The round was led by Fontinalis Partners and High Alpha,...

https://www.freightwaves.com/news/chainio-nabs-11m-in-quest-to-create-frictionless-supply-chain

Order lead times plummet as inventories grow and demand uncertainty soars

Shipping lead times fall 23% as companies order less goods with more frequency

Chart of the Week: Ocean TEU Booking Lead Times – All ports to the USA  SONAR: Container Atlas

Order lead times — the time between order placement and expected ship date for containerized imports — have dropped 23% since late April as supply chain managers are forced to change their strategy in an economic environment that is once again in a transitional state. 

Last week, Target reported that it had essentially too...

https://www.freightwaves.com/news/order-lead-times-plummet-as-inventories-grow-and-demand-uncertainty-soars

Retail supply chains need bold ideas, research analyst finds

Customers shopping inside a mall

LAKE BUENA VISTA, Fla. — What can retailers learn from some of the world’s leading risk-takers? That was the essence of Michael Dominy’s presentation on Wednesday at the Gartner Supply Chain Symposium/XPO 2022 conference at Walt Disney World’s Dolphin Resort.

Dominy, a research analyst with Gartner, said that now is the time for retailers to make moves to both improve and monetize their supply chains. He presented his case through a look at retailers around the world that have made what he...

https://www.freightwaves.com/news/retail-supply-chains-need-bold-ideas-research-analyst-finds

Logistics is now wagging the supply chain tail

Composite image of cargo containers and trucks

LAKE BUENA VISTA, Fla. — Long a sideshow, logistics is now in the driver’s seat, and it is guiding the supply chain to heights never before seen. That is opening up opportunity for logistics professionals to finally get the investment and support for innovation they have long desired.

“Whether it is for the right reasons or the wrong reasons, logistics leaders have never had this much exposure to the [chief supply chain officer] or CEO,” said Brian Whitlock, senior director and analyst at Gartner

https://www.freightwaves.com/news/logistics-is-now-wagging-the-supply-chain-tail

Elephant in the room: Aim to optimize, not cut, logistics costs

LAKE BUENA VISTA, Fla. — Ocean rates are up. Trucking rates are high. Airfreight rates are up. And the global supply chain is in crisis. So why does Greg Aimi believe the answer is to eat an elephant?

The Gartner vice president of research and logistics technologies hosted a discussion on Tuesday at the Gartner Supply Chain Symposium/XPO 2022 conference at Walt Disney World’s Dolphin Resort, aptly titled, “If you want to cost-optimize logistics, learn how to eat an elephant.”

His point was that...

https://www.freightwaves.com/news/elephant-in-the-room-aim-to-optimize-not-cut-logistics-costs

Google Cloud partners with XPO as reach into supply chain grows

White XPO truck on the highway hauling two trailers

LAKE BUENA VISTA, Fla. — Known more for its search engine than any other product, Google is making inroads into the supply chain sector with its Google Cloud platform.

Founded two years ago, Google Cloud is quickly bringing major transportation providers across modes onto its platform, and it has made strides to bring its technology expertise into the last mile as well.

On Monday, Google Cloud and XPO (NYSE: XPO) announced a multiyear collaboration to leverage artificial intelligence, machine...

https://www.freightwaves.com/news/google-cloud-partners-with-xpo-as-reach-into-supply-chain-grows

Can supply chain decision-making be automated?

composite image of various modes of transportation

LAKE BUENA VISTA, Fla. — Decision intelligence a relatively new term in the supply chain. Many companies manage by exception, but that is only one part of decision intelligence, explains Henry Hwong, vice president of product marketing for Aera Technology.

Hwong told FreightWaves that decision intelligence is still an evolving field that includes simple decisions such as shifting a load to another carrier because the lane price has exceeded a preset threshold, to more complex decisions such as...

https://www.freightwaves.com/news/can-supply-chain-decision-making-be-automated

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