Is there someone who has helped broaden your understanding of logistics or the supply chain? One way to recognize your mentor's influence on your professional life is to nominate him or her for CSCMP's Distinguished Service Award (DSA).
Winning the DSA can have a major impact on recipients' own careers. "I believe that the award has ... provided additional credibility for me among practicing managers and academics," says 1991 winner John Coyle, professor at Pennsylvania State University. "It has certainly expanded my circle of contacts and provided me increased opportunities in research and executive education. I feel that it has also been very beneficial for our program at Penn State in attracting students and research opportunities."
In addition to the professional benefits, award winners speak of the honor of receiving such a prestigious award. "To me, the most important value was to realize that the award was a vote of confidence from my peers. In the long run, nothing in life can be more satisfying," says 1977 winner Ken Ackerman, president of the consulting firm The Ackerman Company.
CSCMP is now accepting nominations for the 2010 Distinguished Service Award. The selection committee will evaluate candidates on the following criteria:
record of contribution and innovation
leadership skills
oral and/or written communications that have enhanced the understanding of the supply chain management profession
Nominators must submit a summary of the candidate's achievements and contributions to the profession and include specific examples. The nomination packet must also include two or three letters of recommendation by members of the supply chain management profession.
CSCMP will accept nominations until April 30, 2010. The winner will be recognized at the Annual Global Conference in San Diego, California, USA. For more information about the award and the nominating process, visit cscmp.org/education/awards/dsa.asp.
Build your own management system
The management philosophies of giants like Wal-Mart, Toyota, and Intel have served those companies well, and many other companies have emulated them. But each business is unique, and no management system is 100-percent transferable. That's why CSCMP's new Senior Executive Institute (SEI) does not focus on any one quality or process improvement program. Rather, SEI provides participants with the tools they need to design and build management systems that are consistent with their own companies' missions and are flexible enough to take them into the future.
Participants will learn how to strengthen what's important to their companies and minimize what's not; create a clear roadmap for decision making and change; and get the most out of their employees and colleagues. In short, they will learn how to be successful agents of change.
The Senior Executive Institute consists of five workshops, each lasting three or four days, that focus on the key elements of discipline, strategic thinking, planning, leverage, and integration for sustainability. The programs are spread out over a 16-month period and take place in a new location every time. During each workshop, participants will develop pilot projects that are based on the workshop's themes. Participants will implement the programs they develop when they return to their companies, and then report the results to their fellow students at the next event.
The first session, which focuses on discipline, takes place April 23?27, 2010, in Baltimore, Maryland, USA. The last workshop, on integration for sustainability, will be held June 17-21, 2011, in Seattle, Washington, USA. For more information on the program, please visit cscmp.org/executive or contact CSCMP Director of Education and Research Kathleen Hedland at khedland@cscmp.org or +1 630.645.3463.
Inspiring innovators
The real world has been pretty harsh lately, which might make you cast a weary, skeptical eye at the latest business management trends and theories. If you're looking instead for real-world supply chain innovations, you'll find plenty of inspiration in case studies from past Supply Chain Innovation Awards (SCIA) winners. These awards, given annually by CSCMP and SupplyChainBrain, recognize innovative programs, projects, and collaboration. Finalists present their case studies at the CSCMP Annual Global Conference, and the winner and runner-up are announced at the closing session.
A sampling of past success stories:
2004 Winner Hewlett-Packard Procurement used freight-cost management integration to reduce the company's operational spending from US $14 million to US $7.8 million.
2008 Winner Cisco Systems retooled its reverse-logistics operations, transforming it from a cost center to a source of profit. After a detailed analysis, the company found that 85 percent of the returned items had no problems, and many of them deserved a second or third life before being recycled.
2009 Winner Intel Corporation initiated an intense, customer-focused effort that required the company to commit to an order in just one day and deliver to promise, all while reducing inventory.
The company used a combination of dynamic vendor-managed inventory, lean philosophy, and an improved demand planning process.
Think your company has a project that can live up to these examples? Consider applying for the 2011 Supply Chain Innovation Award (judging is already underway for 2010).
Desperately seeking consultants? CSCMP can help
You really need some help modeling your distribution network in South America, or you need technical advice on new automation for your warehouse, but you don't know who to call. If that situation sounds familiar, don't worry—CSCMP's new online Resource Directory can help you narrow the search for the right consultant.
Developed by CSCMP's Research Strategies Committee, the database allows users to do complex searches by dozens of keywords and phrases as well as by geography, industry, and professional skills.
There is no charge for users of the database. Consultants can list their firms for US $250 a year. To check out the directory, visit cscmp.org/resources/resource-directory.asp.
Webinars explain financial best practices, RFID
Have tight budgets and big workloads put your professional education on hold? Then consider attending some of CSCMP's webinars, where you can get expert instruction without ever having to get up from your office chair.
Upcoming online seminars include:
"Aligning Supply Chain Operations to Achieve Financial Goals" (April 7, 2010, at 11:00 a.m. U.S. Central Standard Time [CST]): Hosted by Stephen G. Timme, president of FinListics Solutions, this webinar will use case studies to explore how best practices and better utilization of supply chain technologies can lead to financial gains.
"RFID: A Retailer's Story" (May 19, 2010, at 11:00 a.m. CST): Co-sponsored by the Voluntary Interindustry Commerce Standards Association (VICS) and the University of Arkansas, this seminar will highlight the real-life benefits that retailers are gaining from radio frequency identification (RFID) technologies. Executives from Macy's, Dillard's, and Bloomingdales will discuss how they are using RFID and how it has improved their supply chain performance.
The launch is based on “Amazon Nova,” the company’s new generation of foundation models, the company said in a blog post. Data scientists use foundation models (FMs) to develop machine learning (ML) platforms more quickly than starting from scratch, allowing them to create artificial intelligence applications capable of performing a wide variety of general tasks, since they were trained on a broad spectrum of generalized data, Amazon says.
The new models are integrated with Amazon Bedrock, a managed service that makes FMs from AI companies and Amazon available for use through a single API. Using Amazon Bedrock, customers can experiment with and evaluate Amazon Nova models, as well as other FMs, to determine the best model for an application.
Calling the launch “the next step in our AI journey,” the company says Amazon Nova has the ability to process text, image, and video as prompts, so customers can use Amazon Nova-powered generative AI applications to understand videos, charts, and documents, or to generate videos and other multimedia content.
“Inside Amazon, we have about 1,000 Gen AI applications in motion, and we’ve had a bird’s-eye view of what application builders are still grappling with,” Rohit Prasad, SVP of Amazon Artificial General Intelligence, said in a release. “Our new Amazon Nova models are intended to help with these challenges for internal and external builders, and provide compelling intelligence and content generation while also delivering meaningful progress on latency, cost-effectiveness, customization, information grounding, and agentic capabilities.”
The new Amazon Nova models available in Amazon Bedrock include:
Amazon Nova Micro, a text-only model that delivers the lowest latency responses at very low cost.
Amazon Nova Lite, a very low-cost multimodal model that is lightning fast for processing image, video, and text inputs.
Amazon Nova Pro, a highly capable multimodal model with the best combination of accuracy, speed, and cost for a wide range of tasks.
Amazon Nova Premier, the most capable of Amazon’s multimodal models for complex reasoning tasks and for use as the best teacher for distilling custom models
Amazon Nova Canvas, a state-of-the-art image generation model.
Amazon Nova Reel, a state-of-the-art video generation model that can transform a single image input into a brief video with the prompt: dolly forward.
Economic activity in the logistics industry expanded in November, continuing a steady growth pattern that began earlier this year and signaling a return to seasonality after several years of fluctuating conditions, according to the latest Logistics Managers’ Index report (LMI), released today.
The November LMI registered 58.4, down slightly from October’s reading of 58.9, which was the highest level in two years. The LMI is a monthly gauge of business conditions across warehousing and logistics markets; a reading above 50 indicates growth and a reading below 50 indicates contraction.
“The overall index has been very consistent in the past three months, with readings of 58.6, 58.9, and 58.4,” LMI analyst Zac Rogers, associate professor of supply chain management at Colorado State University, wrote in the November LMI report. “This plateau is slightly higher than a similar plateau of consistency earlier in the year when May to August saw four readings between 55.3 and 56.4. Seasonally speaking, it is consistent that this later year run of readings would be the highest all year.”
Separately, Rogers said the end-of-year growth reflects the return to a healthy holiday peak, which started when inventory levels expanded in late summer and early fall as retailers began stocking up to meet consumer demand. Pandemic-driven shifts in consumer buying behavior, inflation, and economic uncertainty contributed to volatile peak season conditions over the past four years, with the LMI swinging from record-high growth in late 2020 and 2021 to slower growth in 2022 and contraction in 2023.
“The LMI contracted at this time a year ago, so basically [there was] no peak season,” Rogers said, citing inflation as a drag on demand. “To have a normal November … [really] for the first time in five years, justifies what we’ve seen all these companies doing—building up inventory in a sustainable, seasonal way.
“Based on what we’re seeing, a lot of supply chains called it right and were ready for healthy holiday season, so far.”
The LMI has remained in the mid to high 50s range since January—with the exception of April, when the index dipped to 52.9—signaling strong and consistent demand for warehousing and transportation services.
The LMI is a monthly survey of logistics managers from across the country. It tracks industry growth overall and across eight areas: inventory levels and costs; warehousing capacity, utilization, and prices; and transportation capacity, utilization, and prices. The report is released monthly by researchers from Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University, and the University of Nevada, Reno, in conjunction with the Council of Supply Chain Management Professionals (CSCMP).
Specifically, 48% of respondents identified rising tariffs and trade barriers as their top concern, followed by supply chain disruptions at 45% and geopolitical instability at 41%. Moreover, tariffs and trade barriers ranked as the priority issue regardless of company size, as respondents at companies with less than 250 employees, 251-500, 501-1,000, 1,001-50,000 and 50,000+ employees all cited it as the most significant issue they are currently facing.
“Evolving tariffs and trade policies are one of a number of complex issues requiring organizations to build more resilience into their supply chains through compliance, technology and strategic planning,” Jackson Wood, Director, Industry Strategy at Descartes, said in a release. “With the potential for the incoming U.S. administration to impose new and additional tariffs on a wide variety of goods and countries of origin, U.S. importers may need to significantly re-engineer their sourcing strategies to mitigate potentially higher costs.”
Grocers and retailers are struggling to get their systems back online just before the winter holiday peak, following a software hack that hit the supply chain software provider Blue Yonder this week.
The ransomware attack is snarling inventory distribution patterns because of its impact on systems such as the employee scheduling system for coffee stalwart Starbucks, according to a published report. Scottsdale, Arizona-based Blue Yonder provides a wide range of supply chain software, including warehouse management system (WMS), transportation management system (TMS), order management and commerce, network and control tower, returns management, and others.
Blue Yonder today acknowledged the disruptions, saying they were the result of a ransomware incident affecting its managed services hosted environment. The company has established a dedicated cybersecurity incident update webpage to communicate its recovery progress, but it had not been updated for nearly two days as of Tuesday afternoon. “Since learning of the incident, the Blue Yonder team has been working diligently together with external cybersecurity firms to make progress in their recovery process. We have implemented several defensive and forensic protocols,” a Blue Yonder spokesperson said in an email.
The timing of the attack suggests that hackers may have targeted Blue Yonder in a calculated attack based on the upcoming Thanksgiving break, since many U.S. organizations downsize their security staffing on holidays and weekends, according to a statement from Dan Lattimer, VP of Semperis, a New Jersey-based computer and network security firm.
“While details on the specifics of the Blue Yonder attack are scant, it is yet another reminder how damaging supply chain disruptions become when suppliers are taken offline. Kudos to Blue Yonder for dealing with this cyberattack head on but we still don’t know how far reaching the business disruptions will be in the UK, U.S. and other countries,” Lattimer said. “Now is time for organizations to fight back against threat actors. Deciding whether or not to pay a ransom is a personal decision that each company has to make, but paying emboldens threat actors and throws more fuel onto an already burning inferno. Simply, it doesn’t pay-to-pay,” he said.
The incident closely followed an unrelated cybersecurity issue at the grocery giant Ahold Delhaize, which has been recovering from impacts to the Stop & Shop chain that it across the U.S. Northeast region. In a statement apologizing to customers for the inconvenience of the cybersecurity issue, Netherlands-based Ahold Delhaize said its top priority is the security of its customers, associates and partners, and that the company’s internal IT security staff was working with external cybersecurity experts and law enforcement to speed recovery. “Our teams are taking steps to assess and mitigate the issue. This includes taking some systems offline to help protect them. This issue and subsequent mitigating actions have affected certain Ahold Delhaize USA brands and services including a number of pharmacies and certain e-commerce operations,” the company said.
Editor's note:This article was revised on November 27 to indicate that the cybersecurity issue at Ahold Delhaize was unrelated to the Blue Yonder hack.
The new funding brings Amazon's total investment in Anthropic to $8 billion, while maintaining the e-commerce giant’s position as a minority investor, according to Anthropic. The partnership was launched in 2023, when Amazon invested its first $4 billion round in the firm.
Anthropic’s “Claude” family of AI assistant models is available on AWS’s Amazon Bedrock, which is a cloud-based managed service that lets companies build specialized generative AI applications by choosing from an array of foundation models (FMs) developed by AI providers like AI21 Labs, Anthropic, Cohere, Meta, Mistral AI, Stability AI, and Amazon itself.
According to Amazon, tens of thousands of customers, from startups to enterprises and government institutions, are currently running their generative AI workloads using Anthropic’s models in the AWS cloud. Those GenAI tools are powering tasks such as customer service chatbots, coding assistants, translation applications, drug discovery, engineering design, and complex business processes.
"The response from AWS customers who are developing generative AI applications powered by Anthropic in Amazon Bedrock has been remarkable," Matt Garman, AWS CEO, said in a release. "By continuing to deploy Anthropic models in Amazon Bedrock and collaborating with Anthropic on the development of our custom Trainium chips, we’ll keep pushing the boundaries of what customers can achieve with generative AI technologies. We’ve been impressed by Anthropic’s pace of innovation and commitment to responsible development of generative AI, and look forward to deepening our collaboration."