May 2024

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!?

• A recent report emphasizes the need for e-commerce merchants to strengthen their supply chains as global online sales are projected to surpass $6 trillion in 2024. Read more .?
• Gartner, Inc. has announced the results from its 20th annual?Global Supply Chain Top 25, which recognizes leading supply chain organizations and identifies the underlying trends that drove their performance. Read more .?
• The European Parliament approved a new law that will require large organizations to verify if their supply chains use forced labor or cause environmental damage. The directive places new requirements on companies to audit "upstream" partners in design or manufacture, and "downstream" partners who transport, store and distribute products. Read more .?
• Recent shipping data reveals that mid-range retail products are becoming the new sweet spot for consumers in terms of price. Analysis of import volumes at U.S. ports shows an increasing demand for goods priced in the mid-range category. This trend is largely driven by a combination of economic factors and shifting consumer preferences. Read more .?
• Port congestion in Asia, Red Sea diversions and growing exports from Southeast Asia are helping to fuel a surge in intra-Asia freight rates that has seen prices hit 30-month highs on some trades from China. Read more .?

• Gartner for Supply Chain Research: When Not to Use Generative AI . This research provides insights?to evaluate AI adoption strategies and understand the nuances of GenAI—when to harness its potential and when to opt for alternative approaches. By categorizing use cases and considering alternative AI techniques, organizations can ensure they are making informed decisions that align with their business objectives.?
• ARC Advisory Group Logistics Viewpoints Article: Probabilistic Planning Helps Master Supply Chain’s Unknowns . Alex Pradhan from John Galt Solutions shares her insights on end-to-end probabilistic planning in supply chain which leverages AI and machine learning to address uncertainties. By analyzing multiple variables and their probabilities, this approach enhances decision-making, agility, and risk management, helping companies effectively navigate market complexities and disruptions. Read more .?
• 纽约时报 Article: A Failed Crop Rattled the Chocolate Industry. Then Speculators Came . NYT reports how a cocoa production shortfall in West Africa led to a significant price surge, further exacerbated by financial speculation. This volatility has led large chocolate companies to raise prices, affecting those using pure cocoa the most.

We’re excited to invite attendees of?the 2024 Gartner Supply Chain Symposium/Xpo in Barcelona to join us on June 10th, 2024, for the session: “From Scratch to Success – Back to Nature’s Rapid Transformation Journey.”?

This live presentation will feature Henry Canitz , Founder and Principal at NITZ Supply Chain Consulting, who will share the remarkable supply chain transformation at Back to Nature Foods . Part of the Barilla Group, Back to Nature offers a diverse range of plant-based, non-GMO products, including cookies, crackers, granola, nuts, and trail mix.?

Attendees will discover how Back to Nature overcame challenges including limited ERP access, siloed processes, and scarce resources to achieve best-in-class supply chain planning orchestration. Henry will share the strategies and insights that turned these obstacles into opportunities, driving rapid transformation.?

Mark your calendars and save the date for what's sure to be an inspiring session!?

We're looking forward to seeing you at the event in Barcelona! Connect with us at Booth #302, or select a time to meet with our team here .??

Explore our latest resources and articles shared this month:??

• Press Release: John Galt Solutions and Resilinc Partner to Deliver Real-Time Disruption Data for Enhanced Supply Chain Risk Management ???
• Blog: Moving Your Supply Chain to 'Drive' ???
• Press Release: John Galt Solutions Brings End-to-End AI-Powered Probabilistic Planning to Drive Supply Chain Agility ?
• #ExpertInsights Blog: Book Discussion: The Value Sale. A Q&A with Ian Campbell , author and CEO of Nucleus Research . ???
• Blog: Rise Like Batman: Transform Supply Chain Challenges into Opportunities. ???

Don't forget to subscribe now to stay in the know with top news and stories in supply chain??. Until next month!?