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This issue of Inside Supply Management®delves into managing supply chain risk and prioritizing agility. The cover article discusses how integrating artificial intelligence (AI) can lead to value generation. Also read about the power of cross-collaboration, the intersection between logistics and X-shoring, and how the Uyghur Forced Labor Prevention Act (UFLPA) is shaping supply chain resilience.
In Inside Supply Management®’s annual technology, data and analytics issue, learn how artificial intelligence (AI) and generative AI are on track to revolutionize procurement — including tips for using such tools, how to avoid potential risks and how DuPont is using generative AI. You’ll find highlights of Institute for Supply Management®’s (ISM®) 2023 Data and Analytics Study, which examines the caution flags on the data speedway. Another feature delves into anticipating the next era of wartime supply chain strategies.
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Sponsored Content | Procurement, an industry demanding constant adaptation, is undergoing a transformative shift propelled by advancing technologies. Today’s procurement professionals are tasked not only with mastering traditional practices but also with embracing cutting-edge technologies to drive efficiency and innovation in their roles.
While many of the performance metrics for the manufacturing and services sectors failed to meet December projections, in many cases, they still indicated year-over-year growth. And the numbers reflected cooling economic performance that should encourage those watching the U.S. Federal Reserve (Fed) and interest rates.
One month does not make a trend on demand, but the Hospital PMI® figures for April were encouraging — faster business activity and new orders growth helped raise the composite index to 53.5 percent, a 1.2-percentage point increase that reversed three straight months of declines.
The Inflation Reduction Act helped make 2022 a landmark year for sustainability legislation, but avoiding politics over policy will be critical to future successes.
As organizations prioritize supply chain efficiency, it becomes increasingly crucial to recognize and consider significant pressure points in these supply chains. One such pivotal point is the Strait of Malacca.
Artificial intelligence has come to industries and supply chains, but how companies implement the technology will be the difference between value generation versus using it ‘for the sake of using it.’
Economic activity in the hospital subsector grew in April for the eighth consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, say the nation’s hospital supply executives in the latest Hospital ISM® Report On Business®.
Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months of growth, say the nation’s purchasing and supply executives in the latest Services ISM® Report On Business®.
Nearshoring and reshoring trends are inspiring supply management organizations to modify transportation networks to save on shipping costs and shorten lead times.
The new rules surprised few observers, satisfied no climate activists and galvanized an army of lawyers for the inevitable slew of court challenges. However, companies’ Scope 3 emissions disclosures are still subject to legislation from such states as California, the European Union and other countries.
Uncover where and how costly supply chain goods disappear and the recommended protective measures to be taken to secure a more robust and secure circular economy.
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John Han Founder of Intelage and Strategic Consultant Tenzing Consulting
Michelle Hawkins, PMP Senior Vice President, Strategic Procurement Charter Communications
Jeff Kimsey Vice President, Investment Intelligence Nasdaq
Joseph Matthews Vice-President, Purchasing & Diversity Officer GENTEX Corporation
Darla Morse Chief Digital and Innovation Officer Partner’s Credit Union
Kristopher Pinnow, CPSM Vice President, Global Supply Chain COLLINS AEROSPACE
Hemant Porwal, CPSM WESCO Distribution, Inc.
Judy Whipple, Ph. D.
Michigan State University
Susanna Zhu Bath and Body Works
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