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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. A Positive Example. There are Also Commercial Reasons. The Road to Agility and Resilience.

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Data Quality: Your Digital Transformation Depends on It

Logistics Viewpoints

In a prior post , I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). So, what is quality data?

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The Definition of Transparency

Blue Grace Logistics

As it is with most problems there is a lack of a clear and concise definition, according to an MIT study which conducted a survey of the apparel industry only to find wildly different results. Slave labor in the Thai seafood industry and deforestation in Malaysia and Indonesia are ample examples of this.

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Emerging Trends in Automation: What it Means to Supply Chains

GlobalTranz

This example generates a huge amount of data that can leverage in the supply chain. But, the same data can have a drastic impact on transportations planners and agencies around the globe. The Standard Definition & Components of Automation: Today: There is a standard definition of automation in the supply chain.

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Now, there’s a lot of definitions out there, but here’s how I define it. Generative AI is first trained on a foundational model and then fine-tuned with human feedback and additional data. Its responses are based on data it has consumed and a resultant powerful prediction mechanism. What is Generative AI?

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8 Best Inventory Demand Forecasting Techniques

EazyStock

But first – let’s get a definition: What is inventory demand forecasting? Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Identify trends. Below is an example of the different demand factors that can impact or inflate your normal base demand.

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Top Logistics Technology Trends to Watch as the Economy Reopens in 2020

MTS Logistics

The sooner brand builders understand the trends driving the future of logistics, the sooner they can prepare for the future of business-related transportation. Predictive analytics is another hot trend within the logistics sector. Robotics is another intriguing logistics trend brands should have on their radar.