Up and coming leaders in the supply chain management field now have an opportunity to be recognized by their mentors or established leaders.
CSCMP is proud to announce its inaugural Young Professionals Emerging Leader Award. The award is designed to recognize active CSCMP members age 30 or under for their early and substantive contributions to the industry.
Nominees will be evaluated based on three criteria: Recognition as an up-and-coming leader; contribution to the supply chain management profession; and their potential future impact on the practice of supply chain management.
Nominations should include a descriptive summary of the nominee's achievements and contributions in 500 words or less. The summary should describe specific aspects of the nominee's business and professional experiences and include specific examples. The submission must also include one letter of recommendation written by someone who is involved in the supply chain management discipline. Letters written by current members of CSCMP's board of directors are not admissible.
The award recipient will be recognized at CSCMP's 2013 Annual Global Conference and will be invited to speak at a Young Professionals session at that event. In addition, the award winner will be spotlighted in CSCMP publications, including CSCMP's Supply Chain Quarterly magazine, the CSCMP membership newsletter, and the YPC Bulletin.
Nomination forms and supporting materials for the 2013 Emerging Leader Award must be submitted no later than April 15, 2013.
The nomination form and instructions for submission can be found here.
Got 75 minutes or less? Then swing by CSCMP's website—maybe during your lunch hour or before your workday starts—and expand your knowledge of core supply chain topics through the organization's Quick Courses.
Quick Course consists of: an instructional Web-based video running from 45 minutes to 75 minutes; teaching notes, which include terminology and definitions; test questions; an answer key; and recommended materials for further study. All of the Quick Courses are designed for entry-level to mid-level supply chain professionals.
Current course topics include: demand management, finance fundamentals, inventory management, materials requirement planning (MRP), operations environments, performance measurements, physical distribution systems, quality, reverse supply chain management, sales and operations planning (S&OP), risk mitigation, and master planning and capacity management.
Quick Courses cost US $64.95 for members (US $94.95 for nonmembers). Each course qualifies for 1 SCPro continuing education unit (CEU). New topics are added frequently, so check back often to see what's new.
CSCMP Hot Topics: Store-level distribution resource planning
A good way to keep on top of emerging trends and research in supply chain management is through CSCMP Hot Topics, a series of two- to four-page briefs written by subject-matter experts.
Traditionally, this type of forecasting has been based on historical shipments. Today, however, retailers can use point-of-sale data to calculate demand three levels up the supply chain. Accordingly, replenishment plans for all nodes of the supply chain can be constantly updated from such "bottom-up" forecasts. Adopting this approach, the authors say, could lead to a "supply chain revolution."
CSCMP Hot Topics, a member-only benefit, can be downloaded at no charge from CSCMP's website. Other recent issues include "Designing Supply Chain Organizational Structures," "Offshoring Trends of American Corporations," and "Supply Chain Risk Identification Structure."
CSCMP is accepting nominations for several of its most prestigious annual awards. These awards will be presented at the 2013 CSCMP Annual Global Conference, scheduled for October 20-23 in Denver, Colorado, USA.
The Distinguished Service Award is given to an academic, consultant, or practitioner who exemplifies sustained, consistent, and excellent service to the development of the discipline of supply chain management. The selected individual will have shown high integrity and moral principles throughout his or her professional career. The deadline for nominations is April 26; click here for nomination forms and more information.
The Doctoral Dissertation Award is for doctoral students whose work demonstrates significant originality and technical competence in any supply chain function. The deadline for submission is May 1. Click here for application forms and more information.
The Supply Chain Innovation Award highlights and recognizes organizations that have successfully developed and implemented an innovative supply chain program or project. The finalists will present their projects at the annual conference, and a panel of judges will vote for a winner. The deadline for submissions is March 11. Click here for application forms.
Businesses are cautiously optimistic as peak holiday shipping season draws near, with many anticipating year-over-year sales increases as they continue to battle challenging supply chain conditions.
That’s according to the DHL 2024 Peak Season Shipping Survey, released today by express shipping service provider DHL Express U.S. The company surveyed small and medium-sized enterprises (SMEs) to gauge their holiday business outlook compared to last year and found that a mix of optimism and “strategic caution” prevail ahead of this year’s peak.
Nearly half (48%) of the SMEs surveyed said they expect higher holiday sales compared to 2023, while 44% said they expect sales to remain on par with last year, and just 8% said they foresee a decline. Respondents said the main challenges to hitting those goals are supply chain problems (35%), inflation and fluctuating consumer demand (34%), staffing (16%), and inventory challenges (14%).
But respondents said they have strategies in place to tackle those issues. Many said they began preparing for holiday season earlier this year—with 45% saying they started planning in Q2 or earlier, up from 39% last year. Other strategies include expanding into international markets (35%) and leveraging holiday discounts (32%).
Sixty percent of respondents said they will prioritize personalized customer service as a way to enhance customer interactions and loyalty this year. Still others said they will invest in enhanced web and mobile experiences (23%) and eco-friendly practices (13%) to draw customers this holiday season.
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.”
Third-party logistics (3PL) providers’ share of large real estate leases across the U.S. rose significantly through the third quarter of 2024 compared to the same time last year, as more retailers and wholesalers have been outsourcing their warehouse and distribution operations to 3PLs, according to a report from real estate firm CBRE.
Specifically, 3PLs’ share of bulk industrial leasing activity—covering leases of 100,000 square feet or more—rose to 34.1% through Q3 of this year from 30.6% through Q3 last year. By raw numbers, 3PLs have accounted for 498 bulk leases so far this year, up by 9% from the 457 at this time last year.
By category, 3PLs’ share of 34.1% ranked above other occupier types such as: general retail and wholesale (26.6), food and beverage (9.0), automobiles, tires, and parts (7.9), manufacturing (6.2), building materials and construction (5.6), e-commerce only (5.6), medical (2.7), and undisclosed (2.3).
On a quarterly basis, bulk leasing by 3PLs has steadily increased this year, reversing the steadily decreasing trend of 2023. CBRE pointed to three main reasons for that resurgence:
Import Flexibility. Labor disruptions, extreme weather patterns, and geopolitical uncertainty have led many companies to diversify their import locations. Using 3PLs allows for more inventory flexibility, a key component to retailer success in times of uncertainty.
Capital Allocation/Preservation. Warehousing and distribution of goods is expensive, draining capital resources for transportation costs, rent, or labor. But outsourcing to 3PLs provides companies with more flexibility to increase or decrease their inventories without any risk of signing their own lease commitments. And using a 3PL also allows companies to switch supply chain costs from capital to operational expenses.
Focus on Core Competency. Outsourcing their logistics operations to 3PLs allows companies to focus on core business competencies that drive revenue, such as product development, sales, and customer service.
Looking into the future, these same trends will continue to drive 3PL warehouse demand, CBRE said. Economic, geopolitical and supply chain uncertainty will remain prevalent in the coming quarters but will not diminish the need to effectively manage inventory levels.
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."