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4 Supply Chain Predictions For 2018


With less than two weeks left until we ring in the New Year, it's that time of year again -- time to look ahead and predict what's in store for 2018. I connected with a handful of trusted supply chain experts and here's what they predict awaits the market in 2018.

How AI & Data Analytics Can Solve Supply Chain Pitfalls


The supply chain is an ecosystem that affects businesses around the world, and the COVID-19 pandemic has thrown a monkey wrench into this previously undisturbed process. With region-specific restrictions, limited supply of certain goods, and a constantly changing consumer mindset, almost all businesses are playing catch up in addressing the needs of every consumer. Add to that the oil price war and the result is near chaos for both consumers and businesses. It may be a gamble to implement new supply chain systems in these circumstances, but it's a bet that could pay dividends not just now but in the long term. Artificial intelligence (AI) and data analytics tools can provide the much-needed push companies need to keep their businesses afloat--and maybe even thrive--despite the global crisis.

7 Ways to Improve Your Supply Chain Sustainability


As shown in Figure 1, around half of global supply chain executives are pressured by regulators, company executives, end users, etc. to improve their supply chain sustainability. Consequently, 59% of enterprises invested in improving the sustainability of their supply chain. A sustainable supply chain is an important part of improving a company's environmental, social, and governance (ESG) standards which have an impact on attracting more customers and investors. It is responsible for the bulk of scope 3 GHG emissions of a company. Additionally, corporations that source raw materials or intermediate items from developing nations could unintentionally abuse their suppliers' employees who work in inhumane conditions.

Nestlé – why the world's biggest food company is using blockchain


Nestlé is behind hundreds of famous brands, including the 150-year old Perrier. Popular belief has it that the clinking of glasses before a drink came from medieval times. Wine was often spiked with poison and hidden by the sediment. If the host wanted to prove that the wine wasn't poisoned, they would pour part of the guest's wine into their own glass and drink it first. If the guest trusted their host, they would simply clink glasses when the host offered their own for a sample – a sign of trust, honesty and good health.

How AI Can Help your Retail Business - Retail Council of Canada


Note: This article is provided by Reshift Media, a Canadian-based digital marketing and development organization specializing in retail businesses. Artificial Intelligence (AI) is helping lead a digital transformation in the retail industry, with recent reports forecasting that global spending on AI systems will soar from $85.3 billion in 2021 to greater than $204 billion by 2025. These funds are allocated to a number of areas in AI development, but for most retailers, improving customer experience is at the forefront. With everything that the retail industry has faced throughout the pandemic, such as changes in consumer buying behaviour, the implementation of new technologies and BOPIS strategies, and the substantial rise of e-commerce, improving the customer experience has become essential. AI can help streamline that process for retailers in a variety of ways.