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Developing new products can often be time-consuming and resource intensive. By introducing 3D virtual prototyping and extended reality technologies, companies can make their new product development process more efficient, agile, and interactive. https://buff.ly/4dwSbLR #supplychain #logistics #cscmp

In the intricate web of global commerce, the landscape of supply chains is undergoing profound transformations, reshaped by a convergence of technological advancements, geopolitical shifts, and unprecedented disruptions. For businesses striving to maintain competitive advantage in this interconnected marketplace, navigating these challenges demands strategic foresight, resilience and innovative approaches. https://buff.ly/3YSwcdV #supplychain #logistics #cscmp

Building resilience, agility and flexibility into their supply chains is the top priority of supply chain managers. According to a new Gartner survey, 73% have added or removed production locations from their supply chain networks in the past two years, according to a recent survey. https://buff.ly/4cwOkx6 #supplychain #logistics #cscmp @efficio

Building resilience, agility and flexibility into their supply chains is the top priority of supply chain managers. According to a new Gartner survey, 73% have added or removed production locations from their supply chain networks in the past two years, according to a recent survey.  https://buff.ly/4dtTZFr #supplychain #logistics #cscmp

How to tackle cybersecurity risks in supply chains? The US National Institute of Standards and Technology offers some key steps. https://buff.ly/4dT6U3B #supplychain #logistics #cscmp

Supply chain funding hasn't hit $2 billion this year, which could represent a near 80% decline in funding from the all-time high for the industry in 2021 of $14.7 billion, according to Crunchbase. The industry is on pace for 300 deals this year, which would be a 55% fall from the 711 in 2021. https://buff.ly/3YEgDWX #supplychain #logistics #cscmp

Some of the world's biggest truckmakers, including Volvo and MAN, are reworking combustion engines to run on low-emission hydrogen instead of polluting diesel, a quicker low-cost fix to their energy transition challenge that may give the dying technology a fresh lease of life. The global truck making industry faces a complex balancing act to get to zero emissions. Electric batteries are too heavy for long-haul freight operations and take long to charge. Using hydrogen fuel cells to generate electricity reduces the weight and extends the range of trucks, but switching to this technology is expensive as companies need to design new truck systems. https://buff.ly/3Ad4wWT #supplychain #cscmp #logistics #hydrogen

In today’s hyper-connected, digital world, the threat of cyber-attacks on supply chains and automated environments is more serious than ever before. In a modern warehouse, all the operations platforms – technologies such as Automated Storage Systems, Autonomous Mobile Robots, packing machines and Goods to Person – are digitalized and connected and therefore have increased the potential access points attack surfaces for possible incursions and vulnerabilities. Supply chain leaders are shifting their thinking to deal with the developing threat, prioritizing the safety of technology systems together with the physical safety of staff. https://buff.ly/46CjAcp #supplychain #logistics #cscmp

Implementing a risk management strategy that incorporates automation and AI can help organizations be proactive rather than losing ground as they encounter crises, says Grant Anderson, vice president of supply chain management at Jabil. Anderson also comments on the role of sustainability efforts in strengthening the supply chain, noting that they help "companies mitigate environmental impact but also [enhance] their resilience in case of regulatory changes and disruptions." https://buff.ly/46D5A2g #supplychain #logistics #cscmp

Amid continued disruptions and supply shortages, businesses are continuing to invest heavily in supply chain technology and innovation. A new report from MHI and Deloitte found that 90% of companies are planning to invest more than $1 million in supply chain technology this year, an increase of 24% over last year. Impressively, 38% of businesses plan to spend more than $10 million, up 19% from last year. https://buff.ly/4ddgIFt #supplychain #logistics #cscmp