One of CSCMP's goals is to promote the supply chain management profession to students around the world. CSCMP's roundtables are vitally important to realizing this goal because they continuously build collaborative relationships with universities, colleges, and academia. As part of that effort, many roundtables offer scholarships to students who are rising supply chain stars. Here are a few examples.
The Arizona Roundtable proudly awarded its first annual supply chain scholarships in 2007 to Naomi Amparo, a student at Arizona State University (ASU), and Manish Sawlani, a student at the Thunderbird Global School of Management. Each received a scholarship of US $1,250. The roundtable also recently awarded a US $2,500 scholarship to Amanda Schmidt, a supply chain student at ASU who has been involved in sending medical supplies to various regions of Africa.
To fund these awards, the Arizona Roundtable contributes 75 percent of the net proceeds from its events to the scholarship fund. In addition to raising scholarship funds, this practice aids in event promotion and helps justify the expense for attendees. It also allows the roundtable to build a strong line of communication with the local education community.
The Columbus Roundtable, through its Bernard J. LaLonde Transportation and Logistics Scholarship program, awarded Steven Miko, a student at The Ohio State University, Fisher College of Business, a US $3,270 scholarship.
The New England Roundtable (NERT) awarded five US $1,000 scholarships to students at partner schools. Through its scholarship program, the Education Committee of NERT works with professors at area colleges and universities to recognize students who are interested in supply chain management and who excel both in the classroom and in extracurricular activities.
This year's recipients are:
Chris Chesebro will receive an MBA in management of operations and technology from Bentley College in 2009. He plans to focus his studies on textile supply chain management, which will allow him to be a fourth-generation contributor to Wigwam Mills, a well-known hosiery manufacturer.
Jarred Sternbergh is a 2010 candidate for a bachelor of science degree with a concentration in international business and logistics at Maine Maritime Academy. Sternbergh has been an officer in the Regiment of Midshipmen and has received the Rear Admiral Warren C. Hamm Jr. Leadership Award.
Erik Caldwell is a student in the Massachusetts Institute of Technology (MIT) master of engineering in logistics (MLOG) program. His research has focused on exploring how transportation pricing is correlated to other factors such as tender lead time and business policies. Before entering the MLOG program, Erik attended West Point, served in the U.S. Army, and worked in third-party logistics.
Marcia Muñoz Robles will receive a bachelor of science degree in international business with a concentration in supply chain management at Northeastern University. Robles, who is fluent in English, Spanish, and Italian, will also earn a dual degree with Universidad de Las Americas in Mexico. She is a research assistant to one of her professors, a position usually reserved for MBA students.
Helen Zhang is a 2009 candidate for a bachelor of science degree with a double major in supply chain management and management information systems at the University of Rhode Island. Zhang, who speaks Shanghai-dialect Chinese and is studying Mandarin, is an active member of the Supply Chain Management Club and assists faculty with various research projects.
Repeat performance
Student Showcase returns to CSCMP's Annual Conference
"Don't mess with success." That's a motto CSCMP takes to heart, especially when it comes to something as successful as CSCMP's Student Showcase! The showcase premiered at CSCMP's Annual Global Conference 2007 and featured students' case studies, projects, white papers, and résumés, all of which highlighted their unique talents and experience.
CSCMP developed the program last year after asking members if they would be interested in interviewing future supply chain leaders. Based on their enthusiastic response, we created the Student Showcase as a way to connect practitioners with supply chain students.
The 2007 Student Showcase in Philadelphia was overwhelmingly popular, and this year's event promises to be equally exciting. Companies will be able to schedule interviews with the best and the brightest graduate and undergraduate students at CSCMP's Annual Global Conference, October 5-8, 2008, in Denver, Colorado, USA.
The Student Showcase will be open Sunday, October 5, through Tuesday, October 7. Conference attendees will be able to view students' résumés, projects, and papers, as well as network with them. Students will be available for interviews on Tuesday, October 7, between 7:00 a.m. and 5:00 p.m.
While the showcase is a new addition to the conference, student participation is a long-standing tradition. For more than 20 years, CSCMP's roundtables have been sponsoring college students so they can attend the annual global conference as part of CSCMP's extended staff. Students are selected by the roundtables based on their scholastic performance and passion for the profession. Each year, CSCMP's Annual Global Conference benefits from the participation of these outstanding young people, and the students benefit from the event's educational content and the opportunity to meet potential employers.
For more information about the Student Showcase, or if you, a colleague, or your human resources staff are interested in participating, please contact Sherrie A. Nauden, CSCMP Manager of Roundtables, at +1.630.645.3466 or
Global risk, crisis and leadership: An insider's view
Few people know as much about global risk, crisis preparation, and leadership as Frances Fragos Townsend. Townsend, who will be the keynote speaker at CSCMP's Annual Conference October 5-8, 2008, served as assistant to President George W. Bush for homeland security and counterterrorism and chaired the Homeland Security Council from May 2004 until January 2008. During that time, Townsend was known for having the ear and respect of the president, advising him almost daily on matters of global security.
Since resigning from her post, Townsend has been bringing that expertise to the corporate world. She currently provides consulting services on global strategic risk and contingency planning to companies worldwide. Her keynote address, "Global Strategic Risk: Anticipate, Prepare, and Mitigate," promises to expand attendees' view of global risk, showing how it can affect them no matter the size, location, or other characteristics of the markets their companies serve. She will then address what they can do to mitigate those risks.
Other major sessions include "Curved Thinking in a Flat World: How to Capitalize on Future Uncertainty" by Dr. Mahender Singh, head of the Massachusetts Institute of Technology's Supply Chain 2020 research project, and "Faster, Better, Smaller: Leading in an Era of Exponential Change" by noted futurist and best-selling author Jack Uldrich.
Powered by supply chain professionals
Intel becomes first corporate partner in CSCMP's Supply Chain Management Professional Recognition Program
The "Intel Inside" brand awareness campaign made sure consumers knew that their personal computers were powered by Intel microprocessors. Now, with a little help from CSCMP, the company's supply chain professionals are doing a little awareness raising of their own. Through the Supply Chain Management Professional Recognition Program, the company is making sure its employees know that supply chain professionals inside Intel are powering the company's success.
Intel Corporation is the first corporate partner of CSCMP's Supply Chain Management Professional Recognition Program, a collaborative effort between CSCMP and global businesses to formally recognize top-performing supply chain talent. Under the program, partner companies honor their outstanding supply chain practitioners with two designations, Supply Chain Management Professional (SCMP) and Senior Supply Chain Management Professional (Senior SCMP).
The program does not award an academic or training certification. Instead, supply chain practitioners are evaluated based on their companies' specific criteria, which typically include the level of execution expertise and the professional's influence within both the company and industry. Supply chain professionals who earn these designations are recognized by the organizations they work for, under the auspices of CSCMP. The individuals receive recognition on CSCMP's web site and in various association publications.
Intel Corporation's senior supply chain master and SCMP program chair, James R. Kellso, was recognized with the Senior SCMP designation. The following Intel Corporation employees received the SCMP designation: Simon Barrett, Nikhil Chhabra, German Ham, Isaac Hooper, Scott Kornak, Pallas Kwok, Shelly Lafree, Kenneth Loop, Chris Philippi, K.C. Quah, and Michael Virani.
"We commend these practitioners on their commitment to professional excellence," said Rick Blasgen, CSCMP's president and CEO. "Earning one of these designations is a noteworthy achievement. It increases the profile of the individual receiving the recognition as well as that of the profession by creating company- and industrywide awareness of the supply chain professional's significant role in the global marketplace."
CSCMP's Supply Chain Management Professional Recognition Program benefits both individual firms and the industry as a whole by recognizing and utilizing the expertise and knowledge base within a company. Any organization that employs supply chain professionals, regardless of its mission, size, or location, may participate in the program. There is no cost to participate.
If you haven't already signed up to join Denver, Colorado, USA, now is the October 5-8, 2008, in Global thousands of your peers from around the world at CSCMP's Annual Conference, time to register and make your hotel reservation. Save US $280.00 if you register by July 31, 2008. Conference fees cover all program events, meal functions, and materials.
Information about the conference agenda, track topics, accommodations, activities in Denver, and more is available here.
To register online, go here and click on "Register Now."
The practice consists of 5,000 professionals from Accenture and from Avanade—the consulting firm’s joint venture with Microsoft. They will be supported by Microsoft product specialists who will work closely with the Accenture Center for Advanced AI. Together, that group will collaborate on AI and Copilot agent templates, extensions, plugins, and connectors to help organizations leverage their data and gen AI to reduce costs, improve efficiencies and drive growth, they said on Thursday.
Accenture and Avanade say they have already developed some AI tools for these applications. For example, a supplier discovery and risk agent can deliver real-time market insights, agile supply chain responses, and better vendor selection, which could result in up to 15% cost savings. And a procure-to-pay agent could improve efficiency by up to 40% and enhance vendor relations and satisfaction by addressing urgent payment requirements and avoiding disruptions of key services
Likewise, they have also built solutions for clients using Microsoft 365 Copilot technology. For example, they have created Copilots for a variety of industries and functions including finance, manufacturing, supply chain, retail, and consumer goods and healthcare.
Another part of the new practice will be educating clients how to use the technology, using an “Azure Generative AI Engineer Nanodegree program” to teach users how to design, build, and operationalize AI-driven applications on Azure, Microsoft’s cloud computing platform. The online classes will teach learners how to use AI models to solve real-world problems through automation, data insights, and generative AI solutions, the firms said.
“We are pleased to deepen our collaboration with Accenture to help our mutual customers develop AI-first business processes responsibly and securely, while helping them drive market differentiation,” Judson Althoff, executive vice president and chief commercial officer at Microsoft, said in a release. “By bringing together Copilots and human ambition, paired with the autonomous capabilities of an agent, we can accelerate AI transformation for organizations across industries and help them realize successful business outcomes through pragmatic innovation.”
Census data showed that overall retail sales in October were up 0.4% seasonally adjusted month over month and up 2.8% unadjusted year over year. That compared with increases of 0.8% month over month and 2% year over year in September.
October’s core retail sales as defined by NRF — based on the Census data but excluding automobile dealers, gasoline stations and restaurants — were unchanged seasonally adjusted month over month but up 5.4% unadjusted year over year.
Core sales were up 3.5% year over year for the first 10 months of the year, in line with NRF’s forecast for 2024 retail sales to grow between 2.5% and 3.5% over 2023. NRF is forecasting that 2024 holiday sales during November and December will also increase between 2.5% and 3.5% over the same time last year.
“October’s pickup in retail sales shows a healthy pace of spending as many consumers got an early start on holiday shopping,” NRF Chief Economist Jack Kleinhenz said in a release. “October sales were a good early step forward into the holiday shopping season, which is now fully underway. Falling energy prices have likely provided extra dollars for household spending on retail merchandise.”
Despite that positive trend, market watchers cautioned that retailers still need to offer competitive value propositions and customer experience in order to succeed in the holiday season. “The American consumer has been more resilient than anyone could have expected. But that isn’t a free pass for retailers to under invest in their stores,” Nikki Baird, VP of strategy & product at Aptos, a solutions provider of unified retail technology based out of Alpharetta, Georgia, said in a statement. “They need to make investments in labor, customer experience tech, and digital transformation. It has been too easy to kick the can down the road until you suddenly realize there’s no road left.”
A similar message came from Chip West, a retail and consumer behavior expert at the marketing, packaging, print and supply chain solutions provider RRD. “October’s increase proved to be slightly better than projections and was likely boosted by lower fuel prices. As inflation slowed for a number of months, prices in several categories have stabilized, with some even showing declines, offering further relief to consumers,” West said. “The data also looks to be a positive sign as we kick off the holiday shopping season. Promotions and discounts will play a prominent role in holiday shopping behavior as they are key influencers in consumer’s purchasing decisions.”
That result came from the company’s “GEP Global Supply Chain Volatility Index,” an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses. The October index number was -0.39, which was up only slightly from its level of -0.43 in September.
Researchers found a steep rise in slack across North American supply chains due to declining factory activity in the U.S. In fact, purchasing managers at U.S. manufacturers made their strongest cutbacks to buying volumes in nearly a year and a half, indicating that factories in the world's largest economy are preparing for lower production volumes, GEP said.
Elsewhere, suppliers feeding Asia also reported spare capacity in October, albeit to a lesser degree than seen in Western markets. Europe's industrial plight remained a key feature of the data in October, as vendor capacity was significantly underutilized, reflecting a continuation of subdued demand in key manufacturing hubs across the continent.
"We're in a buyers' market. October is the fourth straight month that suppliers worldwide reported spare capacity, with notable contractions in factory demand across North America and Europe, underscoring the challenging outlook for Western manufacturers," Todd Bremer, vice president, GEP, said in a release. "President-elect Trump inherits U.S. manufacturers with plenty of spare capacity while in contrast, China's modest rebound and strong expansion in India demonstrate greater resilience in Asia."
Even as the e-commerce sector overall continues expanding toward a forecasted 41% of all retail sales by 2027, many small to medium e-commerce companies are struggling to find the investment funding they need to increase sales, according to a sector survey from online capital platform Stenn.
Global geopolitical instability and increasing inflation are causing e-commerce firms to face a liquidity crisis, which means companies may not be able to access the funds they need to grow, Stenn’s survey of 500 senior e-commerce leaders found. The research was conducted by Opinion Matters between August 29 and September 5.
Survey findings include:
61.8% of leaders who sought growth capital did so to invest in advanced technologies, such as AI and machine learning, to improve their businesses.
When asked which resources they wished they had more access to, 63.8% of respondents pointed to growth capital.
Women indicated a stronger need for business operations training (51.2%) and financial planning resources (48.8%) compared to men (30.8% and 15.4%).
40% of business owners are seeking external financial advice and mentorship at least once a week to help with business decisions.
Almost half (49.6%) of respondents are proactively forecasting their business activity 6-18 months ahead.
“As e-commerce continues to grow rapidly, driven by increasing online consumer demand and technological innovation, it’s important to remember that capital constraints and access to growth financing remain persistent hurdles for many e-commerce business leaders especially at small and medium-sized businesses,” Noel Hillman, Chief Commercial Officer at Stenn, said in a release. “In this competitive landscape, ensuring liquidity and optimizing supply chain processes are critical to sustaining growth and scaling operations.”
With six keynote and more than 100 educational sessions, CSCMP EDGE 2024 offered a wealth of content. Here are highlights from just some of the presentations.
A great American story
Author and entrepreneur Fawn Weaver closed out the first day of the conference by telling the little-known story of Nathan “Nearest” Green, who was born into slavery, freed after the Civil War, and went on to become the first master distiller for the Jack Daniel’s Whiskey brand. Through extensive research and interviews with descendants of the Daniel and Green families, Weaver discovered what she describes as a positive American story.
She told the story in her best-selling book, Love & Whiskey: The Remarkable True Story of Jack Daniel, His Master Distiller Nearest Green, and the Improbable Rise of Uncle Nearest. That story also inspired her to create Uncle Nearest Premium Whiskey.
Weaver discussed the barriers she encountered in bringing the brand to life, her vision for where it’s headed, and her take on the supply chain—which she views as both a necessary cost of doing business and an opportunity.
“[It’s] an opportunity if you can move quickly,” she said, pointing to a recent project in which the company was able to fast-track a new Uncle Nearest product thanks to close collaboration with its supply chain partners.
A two-pronged business transformation
We may be living in a world full of technology, but strategy and focus remain the top priorities when it comes to managing a business and its supply chains. So says Roberto Isaias, executive vice president and chief supply chain officer for toy manufacturing and entertainment company Mattel.
Isaias emphasized the point during his keynote on day two of EDGE 2024. He described how Mattel transformed itself amid surging demand for Barbie-branded items following the success of the Barbie movie.
That transformation, according to Isaias, came on two fronts: commercially and logistically. Today, Mattel is steadily moving beyond the toy aisle with two films and 13 TV series in production as well as 14 films and 35 shows in development. And as for those supply chain gains? The company has saved millions, increased productivity, and improved profit margins—even amid cost increases and inflation.
A framework for chasing excellence
Most of the time when CEOs present at an industry conference, they like to talk about their companies’ success stories. Not J.B. Hunt’s Shelley Simpson. Speaking at EDGE, the trucking company’s president and CEO led with a story about a time that the company lost a major customer.
According to Simpson, the company had a customer of their dedicated contract business in 2001 that was consistently making late shipments with no lead time. “We were working like crazy to try to satisfy them, and lost their business,” Simpson said.
When the team at J.B. Hunt later met with the customer’s chief supply chain officer and related all they had been doing, the customer responded, “You never shared everything you were doing for us.”
Out of that experience, came J.B. Hunt’s Customer Value Delivery framework. The framework consists of five steps: 1) understand customer needs, 2) deliver expectations, 3) measure results, 4) communicate performance, and 5) anticipate new value.
Next year’s CSCMP EDGE conference on October 5–8 in National Harbor, Md., promises to have a similarly deep lineup of keynote presentations. Register early at www.cscmpedge.org.