Supply Chain In the Know is your monthly digest by John Galt Solutions
with the latest and greatest in the world of supply chain. Discover what's going on with our curated mix of news, insightful reports, research findings, inspiring success stories and resources!
- Major shipping companies are warning that the security situation in the Red Sea is continuing to deteriorate, disrupting global supply chain routes. Additionally, the Panama Canal has reduced traffic due to dry weather and low water levels, also causing vast numbers of ship diversions. Read more
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- The current spike in shipping costs caused by ocean carriers routing away from the conflict in the Middle East could seep into longer-term rates?and affect the 2024 holiday shipping. Read more
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- Warehousing demand in the U.S. is dwindling, reflected in a surge in subleases as businesses downsize their storage capacities. Retailers and suppliers are reducing inventories, prompting the consolidation of warehouses and a return to lean inventory management amid more stable consumer spending projections. Read more
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ARC Advisory Group
hosted its 28th Annual Industry Leadership Forum in Orlando, FL, earlier this month.
Larry O'Brien
from ARC shared a recap of the event, focused on the increase of business performance through technologies like AI and digital twins.?Read more
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- New EU rules requiring companies to check supply chains for environmental and social issues have been put on hold, with intended abstentions by Germany and Italy threatening to block the measures. Read more
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- Reports indicate that diversity, equity, and inclusion objectives are increasing across the supply chain. According to research by analyst firm Gartner, nearly half of supply chain organizations have formal diversity, equity, and inclusion (DEI) objectives – an increase from 27% in 2022 to 49% in 2023. Read more
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- Gartner? Research: How to Calculate Improvements from S&OP
. This complimentary research helps quantify the benefits of S&OP enhancements. Gartner affirms “Supply chain planning leaders can use this research to calculate the improvement opportunity in service, cost, inventory and planning to feed their business case and engage others.”
- J. P. Morgan: What are the impacts of the Red Sea shipping crisis?
This recent analysis by global research firm J. P. Morgan reports that, with 30% of global container trade transiting through the Suez Canal, the Red Sea shipping crisis is upending supply chains. The analysis estimates the disruptions could add 0.7 percentage points to global core goods inflation.
- McKinsey & Company - Consumers: Spending more to buy less.
McKinsey reports that US consumers are purchasing fewer items across categories, reflecting shifts in shopping behavior. This article explores McKinsey’ research to analyze recent CPG volume declines, why consumer behaviors are shifting, and what this means for US CPG businesses in 2024.
Explore our latest resources and articles shared this month:
As we bid farewell to the month of love, where candy reigns supreme as the most popular Valentine's Day gift
,?? we can’t help but think of MARS
’ remarkable journey of digital transformation. Just like picking out the perfect box of chocolates for your Valentine, MARS handpicked innovative supply chain planning solutions to sweeten their supply chain.
The makers of beloved treats like M&M’s and Snickers faced challenges with scattered data and manual processes, so they teamed up with John Galt Solutions to revolutionize their approach. By replacing manual processes with the AI-driven Atlas Planning Platform
, MARS eliminated hundreds of spreadsheets, reduced operational hours, and established a standardized demand planning framework globally across 60 countries.
The result? Increased forecast accuracy and end-to-end visibility across their global supply chain network. Armed with real-time insights and automated processes, MARS is equipped to navigate uncertainties and shape demand with ease.
As we savor the last few days of February, let's raise a toast to MARS for turning their supply chain into a love story!
Upcoming Webinar: Proactive Strategies to Transform Supply Chain Disruption?
Join us on March 19th for an online session to learn about policy-based planning and probabilistic approaches to help you navigate uncertainties, and assess disruption impact across demand, supply, and finance. Explore strategies for experimentation, identifying leading indicators, and leveraging probabilistic planning for dynamic decision-making. Register here
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Don't forget to subscribe now to stay in the know with top news and stories in supply chain??. Until next month!
