After e-commerce became the new commerce, customer expectations for fast delivery of products have become a challenge. Last year, retail eCommerce had sales up to 4.28 trillion US dollars worldwide. With over two billion people purchasing goods online, customer behavior and expectations changed a
Vertical Farming for a Better Food Supply Chain
One of the biggest questions in the food supply chain is this: Will our global food system manage to satisfy the demand of more than 9 billion people by 2050? This article is divided into three parts. First, we talk briefly about how the food supply chain works. Secondly, we explain the
How to Solve Transportation Problems Using Excel Solver
Transportation costs are a significant component of the overall supply chain costs. Therefore, supply chain and logistics managers must take advantage of transportation's potential in terms of opportunities for cost reduction. In this article, we will be exploring one of the fundamental cases of
The Circular Economy: New Business Models and Supply Chains Needed
Here is a hard truth: Earth's resources are finite, and our planet's ability to absorb the waste and pollution we generate is decreasing inexorably year after year. You may already have heard about the circular economy or read some articles about it, but do you understand what it is? Do you know
How IoT, AI, and Blockchain Can Create a Sustainable Supply Chain
Sustainability has become one of the most important concerns of every organization across different industries. Research from McKinsey & Company shows that companies with high ratings for environmental, social, and governance (ESG) factors have a lower cost of debt and equity and outperform the
Balancing Supply Chain Risk and Performance
Maximizing supply chain performance at the lowest operating costs and the lowest inventory levels means eliminating duplication of facilities and redundancy of vehicles and routes. It also means reducing safety stock and work-in-process inventory at facilities. BUT elimination of duplicate
Why SCM Globe uses a Map-Based UI
Pencil and paper are great, but when it comes to designing a supply chain, we need tools that are dynamic and visual. Our supply chain simulator provides immediate feedback, allowing you to design, create, modify and optimize a supply chain in a short time and with great accuracy. Something that
Connecting Supply Chains To A Federation Of VR Training Simulations
Military logistics operations face a volatile, uncertain, complex, and ambiguous (VUCA) world. In this time of rising geopolitical tensions, supply chains are under continuous pressure. This is especially true for military supply chains that deliver the supplies and equipment needed for any mission