CSCMP’s 2023 Distinguished Service Award winner Ted Stank has made a name for himself through forming strong partnerships between academia and practitioners.
This year’s CSCMP 2023 Distinguished Service Award[remove all caps and bold] (DSA) winner, Dr. Ted Stank, is highly revered by his colleagues, particularly for his ability to move with ease between academic and practitioner circles. Stank is constantly listening to the ideas and concerns of both communities—and using that information to direct his research at the University of Tennessee-Knoxville (UTK). In fact, many of his colleagues refer to him as a “practical academic.”
Under Dr. Stank’s guidance, the University of Tennessee has become one of the premier supply chain programs in the world at both the undergraduate and post graduate levels. He’s responsible for setting the priorities, tone, and culture for UTK’s program.
Stank currently serves as the Harry and Vivienne Bruce Chair of Excellence in Business and Professor of Supply Chain Management, co-faculty director of the Global Supply Chain Institute, Haslam Family Faculty Research Fellow, and founder and faculty director of the Advanced Supply Chain Collaborative at the University of Tennessee-Knoxville.
Under his leadership, the university’s Global Supply Chain Institute has become a hub for supply chain thought leadership and talent development, with involvement from companies like Amazon, Boeing, Procter & Gamble, and Walmart. The Advanced Supply Chain Collaborative has enabled these and other corporate giants, such as IBM and Pfizer, to leverage academic knowledge and advanced innovations to improve lives around the world.
Recently, he spoke with CSCMP’s Supply Chain Quarterly Managing Editor Diane Rand about his work.
NAME: Theodore (Ted) Stank
TITLE: Harry and Vivienne Bruce Chair of Excellence in Business and Professor of Supply Chain Management; Co-Executive Director of the Global Supply Chain Institute; Haslam Family Faculty Research Fellow; and Founder and Faculty Director of the Advanced Supply Chain Collaborative at the University of Tennessee-Knoxville
OTHER EXPERIENCE: Operations officer in the United States Navy; sales and marketing experience for Abbott Laboratories Diagnostic Division; consulted for numerous organizations, including Anheuser-Busch InBev, Dell, IBM, Lowe’s, Norfolk Southern, OfficeMax, Pepsi, Siemens, Sony, Textron, Walgreens, Walmart, Whirlpool, and the U.S. Air Force and Marine Corps.; educational advisor to the Health and Personal Care Logistics Conference; associate editor for the Journal of Business Logistics; and serves on the editorial review boards of Journal of Operations Management and International Journal of Physical Distribution and Logistics Management.
CSCMP EXPERIENCE: served as president of the old Paso del Norte Roundtable; session chair and track chair of the EDGE annual conference; led special task forces for the board; and served as board officer and the chairman of the board of directors
AWARDS: 2023 CSCMP Distinguished Service Award; member of CSCMP’s Supply Chain Hall of Fame
EDUCATION: doctorate in marketing and distribution from the University of Georgia; master’s in business administration from Webster University; and a bachelor’s degree from the United States Naval Academy
You started your career in the Navy and then moved into industry. Why did you eventually decide to go into academia?
After leaving the Navy, mainly due to a desire for better work/family balance, I became a sales rep for Abbott Labs Diagnostic Division (ADD). During the time I was with ADD, the marketing organization created a strategy of competing not just on our product lines but on the distribution intensity we had that enabled us to deliver to our customers. … I was not cut out for sales—not thick-skinned enough—and began searching for something else. A great Navy friend of mine (Bill Simon, who went on to become CEO of Walmart North America) sent me a Wall Street Journal article outlining the opportunities that were opening for business professors. We both decided to quit our jobs and get our PhDs together (he was working as a third shift plant manager for RJR at the time) and become business professors. I did, and he didn’t. He now owns racehorses, and I am still working.
But I don’t regret my career; it has been great professionally and also allowed me to coach my kids in sports up through high school, play in a rock and roll band, and do a lot of other things I could not have done without the work flexibility that an academic career afforded me. Interestingly, that flexibility is what millennials and Gen Zers are seeking with their work/life integration today, and good for them.
Your academic career has been very focused on developing strong partnerships with industry and focusing on research that produces industry best practices. Why is that so important to you?
I have been influenced by some giants in our field, starting with my dissertation chair, Dr. Patricia Daugherty, and continuing with Dr. Don Bowersox and Dr. Tom Mentzer. All believed that business professors needed to be closely aligned with our industry practitioners. We are not medieval language professors, but professors of a practice, just like in medicine, nursing, law, and engineering.
One of my huge “ah-ha” moments was hearing Dr. Bud La Londe during a presentation to a group of academics when a finance professor challenged him about how much time he spent working with industry. Bud’s response was that no one would challenge a physics professor about spending time in their lab, why would you challenge a business professor from spending time in our lab (that is, the business world)?
Don, Pat, and Tom all enforced the notion that our research must be theoretically and methodologically sound and rigorous, but also practically relevant. It pains me that our academic model has moved increasingly away from that model, and I have spent the latter part of my career trying to bring us back. I am extremely proud that our program at the University of Tennessee (UT), more than any other program in my opinion other than MIT, embodies that notion of rigor and relevance. I think it has proven out in the success of our programs and the recognition we have in rankings, etc.
The results from the research I participate in today as part of our Advanced Supply Chain Collaborative at UT have been implemented by the companies we work with and published in top supply chain management (SCM) academic journals. Three of my close colleagues, Dr. Tom Goldsby, Dr. Lance Saunders, and my last doctoral student, Dr. Anne Dohmen, now on faculty at Michigan State University, embody this notion and I could not be prouder of them. They will be continuing to push this philosophy long after I am gone.
What advice do you give academics on how to best form partnerships with practitioners?
What works is getting out to where practitioners are—conferences, their workplaces, etc.—and getting to know their struggles and challenges. And to get to know them as people, because academic-industry partnerships are all about relationships. Sharing a dinner or drink with our colleagues in industry goes light years toward building trust in each other that results in working relationships. By the way, those relationships start when you have talented students in class. If you do a good job there and show them that you are interested in helping them succeed, and then keep up with some of them afterwards, they will open doors for you in the future.
What does not work is cold-calling industry folks and asking them to give you data when they know nothing about you and have no trust. So, like so many things in business and personal life, it’s all about the relationships. CSCMP, by the way, can be impactful in helping establish those relationships, first at the local roundtable level and also at the annual conference. Many great academic-practitioner relationships start at dinner at the local roundtable meetings.
When we started the Advanced Supply Chain Collaborative to do joint academic-industry research, I told the 12 CSCOs who took the risk to participate with us that first year that I staked my reputation and relationship with them on this idea creating value. Those folks put their trust, time, and money on us, and they would not have if they did not have a close relationship with me in advance. I learned that from Don Bowersox.
Do you see any ways that CSCMP could help better foster collaboration between industry and academia?
My passion for CSCMP is that it remains the only professional organization in business that brings academics and industry practitioners together, and always has. … Other business disciplines, including our colleagues in operations management, marketing, finance, accounting, and management, all have professional organizations whose academics and practitioners meet separately at different times and in different places and never speak to each other. I consider that a shame and a travesty of what business scholarship is meant to be.
CSCMP could provide a key role in bringing like-minded academics and practitioners to the table to engage in collaborative research. Academics have the research skills and bandwidth to take on some of the challenging issues that all SCM leaders are confronted with. Dick Powell, a Council of Logistics Management (CLM) chair back in the late ‘90’s, once said that the role of academia is to separate truth from hype. I heard him present that at an annual global conference, and I internalized that message.
A lot of your work at the University of Tennessee has focused on integrated supply chain management. What gains have you seen over the years, and where is progress still needed?
As I work with our various industry partners, I have been encouraged to find that most of them are somewhere on the journey to integrated supply chains. This is a big difference from 10 years ago. Three things have helped make considerable changes in the last 10 years:
Organizing the supply chain functions under a chief supply chain officer (CSCO) has put all the internal functions in a hierarchy that encourages integration. In many of these integrated supply chain organizations, a big part of the organization is the creation of overarching metrics that have incented behaviors that lend to integrated decision-making.
Implementation of effective integrated business planning/sales and operations planning/demand-supply integration—whichever you choose to call it—has also contributed greatly to this end-to-end perspective in decision-making.
Technology—including cloud technology, advanced planning packages, analytics, and visibility tools and information control towers—across the supply chain have helped us gain a much better view of what is going on not only within the organization but also up and down the extended supply chain.
Progress still needs to be made in all three of these areas, although the lessons we learned during the COVID pandemic have accelerated progress—for now. It is easy for companies to backslide into old behaviors, and my CSCO friends tell me that is indeed happening. Old habits die hard, and keeping the attention of senior business leaders is a hard thing to do as they shift to the latest shiny object in their view.
How have the skills that companies have been looking for from your graduates changed since you started in academia?
The biggest change has been that companies are looking for students who have a broad end-to-end knowledge of supply chain functions but also enough depth to succeed in their first job, which will be in one of those functions. That’s a tough challenge as the content of SCM broadens constantly. The other big thing is a consistent demand for analytics skills, the more the better. Our biggest combination is an SCM major with a business analytics minor—and vice versa for analysts going to work in SCM.
What continues to keep you engaged in supply chain management?
Wow, it just changes constantly. We have just come through a period of time with COVID that has shaken our notions of business, and global business in particular, to the core, and we are still in reaction mode to what that did to us. Combine that with geopolitical upheaval, both abroad and here in the U.S., and things look very different than they did just five years ago. The assumptions we made during the first 30 years of my career have been challenged, and we are trying to figure out what comes next. If that doesn’t pique your interest, then nothing will.
A lot of my current research relates to those big trends—what do new global networks look like? How do we focus more on true agility in our supply chains instead of paying it lip service? Can we make supply chain risk management a core capability instead of also just paying it lip service? How can we dramatically change how we do things to take advantage of the information we have at our fingertips, particularly in planning, but also across all supply chain functions? How can we as supply chain leaders make the biggest impact on sustainability?
I won’t be around to figure all this out, but our teams at UT are working on all of these issues and will really be making a mark on knowledge and practice in the years to come.
What has been one of your proudest professional achievements?
Other than winning the CSCMP Distinguished Service Award and being accepted into the Supply Chain Hall of Fame? My proudest achievements are following my students as they move on to their careers and hearing from them how they applied what they learned from me and made a difference in their organizations. I have a file of the emails I get from them, and at the end of the day, the most meaningful thing for me is having a positive impact on the people with whom I work—from my colleagues to the companies I work with—and to all of my students from undergrads to executives.
I hear a lot from my top-performing students, but here is one of my favorite messages from a former student: “Even though I wasn't the most serious student, and earned a 2.5, what I learned helped me to get a job. I had an interview today with the operations manager, production manager, and the engineering guy, and I was able to answer their questions pretty well. I have to say, a lot of that was because of stuff I learned from your class.”
ReposiTrak, a global food traceability network operator, will partner with Upshop, a provider of store operations technology for food retailers, to create an end-to-end grocery traceability solution that reaches from the supply chain to the retail store, the firms said today.
The partnership creates a data connection between suppliers and the retail store. It works by integrating Salt Lake City-based ReposiTrak’s network of thousands of suppliers and their traceability shipment data with Austin, Texas-based Upshop’s network of more than 450 retailers and their retail stores.
That accomplishment is important because it will allow food sector trading partners to meet the U.S. FDA’s Food Safety Modernization Act Section 204d (FSMA 204) requirements that they must create and store complete traceability records for certain foods.
And according to ReposiTrak and Upshop, the traceability solution may also unlock potential business benefits. It could do that by creating margin and growth opportunities in stores by connecting supply chain data with store data, thus allowing users to optimize inventory, labor, and customer experience management automation.
"Traceability requires data from the supply chain and – importantly – confirmation at the retail store that the proper and accurate lot code data from each shipment has been captured when the product is received. The missing piece for us has been the supply chain data. ReposiTrak is the leader in capturing and managing supply chain data, starting at the suppliers. Together, we can deliver a single, comprehensive traceability solution," Mark Hawthorne, chief innovation and strategy officer at Upshop, said in a release.
"Once the data is flowing the benefits are compounding. Traceability data can be used to improve food safety, reduce invoice discrepancies, and identify ways to reduce waste and improve efficiencies throughout the store,” Hawthorne said.
Under FSMA 204, retailers are required by law to track Key Data Elements (KDEs) to the store-level for every shipment containing high-risk food items from the Food Traceability List (FTL). ReposiTrak and Upshop say that major industry retailers have made public commitments to traceability, announcing programs that require more traceability data for all food product on a faster timeline. The efforts of those retailers have activated the industry, motivating others to institute traceability programs now, ahead of the FDA’s enforcement deadline of January 20, 2026.
Inclusive procurement practices can fuel economic growth and create jobs worldwide through increased partnerships with small and diverse suppliers, according to a study from the Illinois firm Supplier.io.
The firm’s “2024 Supplier Diversity Economic Impact Report” found that $168 billion spent directly with those suppliers generated a total economic impact of $303 billion. That analysis can help supplier diversity managers and chief procurement officers implement programs that grow diversity spend, improve supply chain competitiveness, and increase brand value, the firm said.
The companies featured in Supplier.io’s report collectively supported more than 710,000 direct jobs and contributed $60 billion in direct wages through their investments in small and diverse suppliers. According to the analysis, those purchases created a ripple effect, supporting over 1.4 million jobs and driving $105 billion in total income when factoring in direct, indirect, and induced economic impacts.
“At Supplier.io, we believe that empowering businesses with advanced supplier intelligence not only enhances their operational resilience but also significantly mitigates risks,” Aylin Basom, CEO of Supplier.io, said in a release. “Our platform provides critical insights that drive efficiency and innovation, enabling companies to find and invest in small and diverse suppliers. This approach helps build stronger, more reliable supply chains.”
Logistics industry growth slowed in December due to a seasonal wind-down of inventory and following one of the busiest holiday shopping seasons on record, according to the latest Logistics Managers’ Index (LMI) report, released this week.
The monthly LMI was 57.3 in December, down more than a percentage point from November’s reading of 58.4. Despite the slowdown, economic activity across the industry continued to expand, as an LMI reading above 50 indicates growth and a reading below 50 indicates contraction.
The LMI researchers said the monthly conditions were largely due to seasonal drawdowns in inventory levels—and the associated costs of holding them—at the retail level. The LMI’s Inventory Levels index registered 50, falling from 56.1 in November. That reduction also affected warehousing capacity, which slowed but remained in expansion mode: The LMI’s warehousing capacity index fell 7 points to a reading of 61.6.
December’s results reflect a continued trend toward more typical industry growth patterns following recent years of volatility—and they point to a successful peak holiday season as well.
“Retailers were clearly correct in their bet to stock [up] on goods ahead of the holiday season,” the LMI researchers wrote in their monthly report. “Holiday sales from November until Christmas Eve were up 3.8% year-over-year according to Mastercard. This was largely driven by a 6.7% increase in e-commerce sales, although in-person spending was up 2.9% as well.”
And those results came during a compressed peak shopping cycle.
“The increase in spending came despite the shorter holiday season due to the late Thanksgiving,” the researchers also wrote, citing National Retail Federation (NRF) estimates that U.S. shoppers spent just short of a trillion dollars in November and December, making it the busiest holiday season of all time.
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, the two sides remain at odds over provisions related to the deployment of semi-automated technologies like rail-mounted gantry cranes, according to an analysis by the Kansas-based 3PL Noatum Logistics. The ILA has strongly opposed further automation, arguing it threatens dockworker protections, while the USMX contends that automation enhances productivity and can create long-term opportunities for labor.
In fact, U.S. importers are already taking action to prevent the impact of such a strike, “pulling forward” their container shipments by rushing imports to earlier dates on the calendar, according to analysis by supply chain visibility provider Project44. That strategy can help companies to build enough safety stock to dampen the damage of events like the strike and like the steep tariffs being threatened by the incoming Trump administration.
Likewise, some ocean carriers have already instituted January surcharges in pre-emption of possible labor action, which could support inbound ocean rates if a strike occurs, according to freight market analysts with TD Cowen. In the meantime, the outcome of the new negotiations are seen with “significant uncertainty,” due to the contentious history of the discussion and to the timing of the talks that overlap with a transition between two White House regimes, analysts said.
That percentage is even greater than the 13.21% of total retail sales that were returned. Measured in dollars, returns (including both legitimate and fraudulent) last year reached $685 billion out of the $5.19 trillion in total retail sales.
“It’s clear why retailers want to limit bad actors that exhibit fraudulent and abusive returns behavior, but the reality is that they are finding stricter returns policies are not reducing the returns fraud they face,” Michael Osborne, CEO of Appriss Retail, said in a release.
Specifically, the report lists the leading types of returns fraud and abuse reported by retailers in 2024, including findings that:
60% of retailers surveyed reported incidents of “wardrobing,” or the act of consumers buying an item, using the merchandise, and then returning it.
55% cited cases of returning an item obtained through fraudulent or stolen tender, such as stolen credit cards, counterfeit bills, gift cards obtained through fraudulent means or fraudulent checks.
48% of retailers faced occurrences of returning stolen merchandise.
Together, those statistics show that the problem remains prevalent despite growing efforts by retailers to curb retail returns fraud through stricter returns policies, while still offering a sufficiently open returns policy to keep customers loyal, they said.
“Returns are a significant cost for retailers, and the rise of online shopping could increase this trend,” Kevin Mahoney, managing director, retail, Deloitte Consulting LLP, said. “As retailers implement policies to address this issue, they should avoid negatively affecting customer loyalty and retention. Effective policies should reduce losses for the retailer while minimally impacting the customer experience. This approach can be crucial for long-term success.”