In just a few short years, the wholesale industry has witnessed the start of a shift from the classic, "siloed" ERP solutions of the past to modern, "integrated" ERP solutions.
As the world's biggest manufacturing power, China is well placed to lead the Internet of Things transition. Which is why this week GE, the world's biggest industrial company, opened what it calls a "digital foundry" in Shanghai. The centre will help Chinese companies develop and commercialise products for the industrial internet of things, which involves factory machines and industrial goods communicating with each other and their surroundings.
uShip, an online shipping marketplace and freight-automation software vendor, is partnering with logistics services provider DB Schenker to launch an online trucking platform later this year.
Thoma Bravo LLC, a private equity investment firm, has completed its acquisition of Elemica, provider of a supply-chain operating network for the process industries.
Continuing growth in e-commerce is fueling a tight market for distribution and fulfillment centers space, either leased, purchased or through a partner, as companies look to expand their networks to meet growing consumer demand for rapid parcel delivery.
Confronted with shrinking profit margins, capacity concerns and rising customer expectations, today's logistics organizations are looking for innovative ways to provide better service at a lower cost and to ultimately increase profitability and competitive advantage. This is why supply chain success extends beyond your workforce and into your partner ecosystem.
If you manage factories, airlines, hospitals or farms, you probably know something about the Internet of Things. If you don't, your thoughts on the IoT may start and end with wondering why a coffeepot needs to talk to a toaster. But the fact is that the continuing development of precision technologies could dramatically transform our planet's fundamental infrastructure.
Artificial intelligence has been widely hyped for its potential to transform a broad swath of industries, from cybersecurity to medicine. Now, we might start to get a clearer picture for how it could be used to change the way we shop.