Cross Border e-Commerce Sales Will Hit 20% by 2022

Source: Supply Chain Dive, USA

  • At least 37% of Singles Day purchases in China were made from international brands or merchants, FedEx reported. Experts predict that cross-border shopping will grow to 20% of e-commerce sales by 2022, particularly in the Asia Pacific region, which handles both imports and exports. Services such as WeChat payment for Chinese customers and e-commerce self-collection services in Hong Kong have sprung up accordingly to ....

Get the Most Out of Your Legacy Supply Chain Systems

Source: EBN Online, Japan

  • Many supply chain organizations are imprisoned by legacy systems generally have invested in those systems at a level sufficient to keep them running, but insufficient for supporting strategic growth. Further complicating matters, companies saddled with decades-old systems cannot easily replace them. Legacy hardware and software platforms often form the bedrock of their procurement and supply chain operations ....

Imports From China Have Never Been Cheaper

Source: Supply Chain Drive, USA

  • Ocean freight rates from China to both U.S. coasts continued their rapid decline, leading freight rates to fall to 18-month lows, according to data from the Freightos International Freight Index (FIFI). Despite a short spike in freight rates the first week of November — like due to China's Golden Week — the price of transporting a container from China to either U.S. coast was at least 28% lower in November, compared to the same ....

Rising Sourcing Costs Will Demand Deeper Supply Chain Involvement from Brands

Source: Sourcing Journal, USA

  • Cost increases may be expected elements of doing business, but when they come in conjunction with increased competition and a consumer who refuses to pay full price more often than not, cost increases can mean major margin pressure. Right now, a sizeable number of fashion brands are facing high inventories and sell-throughs that are hardly optimal, as addressed in a report released last week by Kurt Salmon, part of ....

Turning Point: Global Supply Chains And Carbon

Source: Forbes, USA

  • Twenty-five years ago this month the Union of Concerned Scientists published what they hoped would be a game-changing wake-up call to the world. In it, 1,700 esteemed scientists called out what they saw as a broad pattern of rising environmental damage that would, if unchecked, lead to “vast human misery.” This week a follow-up warning was published by 15,364 scientists in the journal BioScience. Its message is that we’re ....

What Happens When Supply Chain Meets Blockchain?

Source: Silicon Republic, USA

  • Deloitte offers some insight into the benefits organisations can reap by merging blockchain technology with their supply networks. It is Fintech Week and we have been looking at the various ways in which blockchain has impacted the world of finance, from the shipping industry to charity-focused start-ups. To dive deeper into the inner workings of this technology in a business, we spoke to Lory Kehoe, EMEA blockchain lead at Deloitte, about ....

What Are the Drug Supply Chain Security Act's Key Provisions?

Source: Pharmacy Times, USA

  • The purpose of the drug supply chain security act (DSCSA) was to create an electronic system to track and trace certain prescription drugs in the United States. The law regulates transactions between dispensers and pharmacies and also among manufacturers, repackagers, wholesale distributors, third-party logistics providers, and trading partners.1 The enacted and newly enforced law has a variety of key provisions ....

How Will The Supply Chain Handle Hard Borders? The Post-Brexit Ireland-UK Border

Source: Forbes, UK

  • Businesses and people alike are concerned about the potential for Brexit to bring about a ‘hard border’ between Ireland and the UK. The debate within the UK has been reignited as senior political leaders examine the issue of a physical border between Northern Ireland, part of the UK, and the Republic of Ireland. Currently, trade is frictionless and traffic can cross the border unencumbered. The Brexit vote has thrown these assumptions into disarray ....

IT Outages, Cyber Attacks and New Regulations: BCI’s Latest Supply Chain Resilience Report

Source: Spend Matters, UK & Europe

  • IT and telecommunications outages; cyber attacks; and loss of skilled employees are the top three causes of supply chain disruption, according to the Business Continuity Institute (BCI)’s ninth annual Supply Chain Resilience Report, released this month in partnership with Zurich Insurance Group.
    Based on responses from 408 professionals across 64 countries, the report found that a majority do not have full visbility of their supply chains and ....

Bank of Baroda Launches Digital Supply Chain Finance Solution

Source: India Times, India

  • State-run lender Bank of Baroda launched digital Supply Chain Finance solution which aims to accelerate working capital loan opportunities for the small and medium enterprises and large corporate clients. The new product provides a range of supply chain finance products which covers pre- and post-shipment products like dealer and vendor finance ....

Ethical Supply Chains Can Improve Efficiency

Source: Financial Times, UK

  • The expected electric vehicle boom will only exacerbate these challenges as tech and battery metals like cobalt and lithium experience increased demand. These minerals are critical to the lithium-ion batteries that power our phones and EVs but are vulnerable to issues ranging from child labour to pollution in countries such as the Democratic Republic of Congo ....

Expect a Contraction of the Supply Chain in the Leadup to GDPR

Source: Ad Exchanger, UK

  • The digital media supply chain is about to get a whole lot smaller thanks to Europe’s General Data Protection Regulation (GDPR). The privacy legislation, which takes effect in May, dictates that data controllers could be held responsible for data privacy missteps made by their third-party partners. Marketers and publishers are therefore highly incentivized to run a tighter ship and cut down on the number of tech vendors they work with. Fines for infractions ....

Freight Hauling Increases by 10% Since 2016

Source: Supply Chain Dive, USA

  • October saw a 9.9% rise in truck-hauled freight since 2016, marking the greatest increase since December 2013, Trucks.com reported.
    The first 10 months of 2017 show a 3.1% increase over the same period last year. Pre-holiday freight volume is up 6.7%, indicating a strong shopping spending streak through peak season. The American Trucking Associations reported that October's tonnage index reached 147.6, up from ....

Dicom Systems Launches New Imaging Data Supply Chain Platform, Partners with Google Cloud

Source: Supply Chain Digital, USA

  • Silicon Valley IT health firm Dicom Systems is to collaborate with Google Cloud as a Technology Partner to launch a hybrid cloud VNA, de-identification, and imaging data supply chain platform. Customers will be able to deploy the Dicom Systems Universal Cloud Archive Adaptor in minutes to test drive the cloud-based medical imaging library. Customers pay only for what they use and Google Cloud Platform (GCP) may yield up to 60% operating cost savings over other ....

Panalpina Units to Go Live With Validaide Supply Chain Platform in Early 2018

Source: Healthcare Finance, USA

  • Panalpina says that all of its remaining business units are scheduled to go live with the Validaide platform by the end of the first quarter of 2018. The airfreight shipment-focused tool qualifies suppliers and assesses transport route risks, and shares that data with producers of medicinal products so that they can assess the capabilities of their logistics suppliers. Panalpina is the launch customer of Amsterdam- based Validaide, which has created a digital tool that enables ....

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