More than two years into the COVID-19 pandemic, supply chain experts continue to speculate on what businesses can do both now and onward, to future-proof their operations.
Smaller business owners commonly use Small Business Administration (SBA) 7a loans to finance industrial real estate such as warehouses, distribution centers and factories, but with recent interest rate increases, costs of those floating-rate loans are rising.
Manufacturers and consumers of perishable goods, such as pharmaceuticals, food, and beverage products, are demanding deeper insights into how products are being stored and transported.
One of the chief benefits of digitization is where it meets robotics in the form of robotic process automation. RPA, also known as software robotics, has the potential to transform daily and ongoing business processes by using automation technologies to mimic back-office tasks of human workers.
In the first weeks of the COVID-19 pandemic, business planners, expecting a harsh recession, shut down manufacturing plants and canceled retailing orders
In a transportation and logistics context, location intelligence refers to technologies that aggregate supply chain data and apply machine learning to provide insights into the whereabouts and movements of assets, products, and human resources.
Global supply chain disruption is now into its third year. Building in resiliency, while also meeting customer expectations and service-level agreement (SLA) commitments for time-definite delivery, has highlighted a need for better visibility.