Podcast - Evolving to ONE Digital Supply Chain

Posted by Courtney Correll

Jamie Bragg, the Executive Vice President and Chief Supply Chain Officer with Tailored Brands, sits down with CIO Talk Network in our Evolving to ONE Digital Supply Chain podcast. Bragg explains the importance of organizations adopting a single comprehensive approach to operating their global supply chains. To learn more about Bragg's advice, read the podcast's full transcript below: 

Sanjog: Today most organizations are recognizing the value of going digital when it comes to a supply chain, but they introduce it only as a point solution to automate specific processes or functions. This is a fragmented and opportunistic approach that may be undermining the supply chain. The discussion here is to explore how organizations can define and adopt digital in one holistic approach to operating supply chain across the globe.

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Topics: Global Trade Management Software, GTM Best Practices, Global Trade Management, Supply Chain Visibility

Sizzling Supply Chain News for July 2018

Posted by Veronika Clough

It certainly was hot in July – heat waves across the US and Europe, and everyone’s focus on global trade. Amber Road is all over the news talking about digital best practices and solutions including where to find the value and business benefits of going digital with your supply chain, real benefits of US reshoring for manufacturers, and the answers to ethical and social compliance across the supply chain.

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Topics: Supply Chain Visibility, Global Supply Chain, Supplier & Product Traceability

Digitization Creates a Strong Value Chain: Generating Cost Reductions

Posted by David Hamilton

Most business decisions are determined by money, whether its revenue generated or potential savings. Due to increasing globalization in today’s markets, coupled with an unstable regulatory environment, global supply chains are becoming more complex than ever before. This has increased the difficulty of simple day-to-day operations, let alone optimizing costs. The current influx of multiple transportation routes and carriers, updated government regulations, and several other factors will continue to bring hardship unless a strong value chain is obtained.

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Topics: Global Trade Management Software, GTM Best Practices, Supply Chain Visibility, Global Knowledge, Global Supply Chain

Talking Logistics Interview with Gary Barraco - Digitization: Where Can You See Value?

Posted by David Hamilton

Gary Barraco, Director of Global Product Marketing at Amber Road, speaks with Adrian Gonzalez of Talking Logistics about several aspects of digitizing the global supply chain and the benefits it provides. Digitizing your supply chain empowers global trade professionals with a competitive edge by providing visibility across shipments, into costs, and ahead of potential risks – all netting significant cost savings. Gary and Adrian address several questions that culminate in building a business case to prove the value of a digital supply chain to your C-Suite.

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Topics: Import Management, Export Management, Global Trade Management, Supply Chain Visibility

US Manufacturers Are Not Reshoring

Posted by Veronika Clough

Even with all of the rhetoric around moving manufacturing back to the United States, the numbers are crystal clear that US manufacturing is moving away from any significant reshoring shift. In Forbes magazine last week, Steve Banker wrote about the July release of A.T. Kearney’s 4th annual Reshoring Index, which shows the relative growth of imports from distant, low-cost country trading partners has now outpaced the relative growth of US manufacturing gross output.

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Topics: Manufacturing, Supply Chain Visibility

World-Class Supply Chain Collaboration Redefined at SCM World Leaders Forum

Posted by Kelsey Barker

Global supply chain leaders from around the world will convene in London next month for the Leaders Forum, hosted by SCM World, a Gartner community. At this exclusive event, the world’s most influential business and operations executives will share their insights and experiences in a closed-door setting like no other.

This year's Leaders Forum will focus on The Power of the Profession, identifying strategies to grow through digital transformation, lead with purpose, and inspire teams. 

One of the supply chain leaders addresses this theme is Mark Baxa, President & CEO of Fernia Creek, and former Head of Global Procurement at Monsanto, who will present "World-Class Supply Chain Collaboration, Redefined."

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Topics: Supply Chain Visibility, Global Supply Chain

Mitigating Supply Chain Risk

Posted by David Hamilton

Supply chains have become increasingly multifaceted in recent years with more inbound and outbound borders, an increase in transportation routes and carriers, and seemingly endless changes to government regulations. At the same time, supply chain executives are challenged with confronting the accompanying risk and uncertainty with suppliers, products, cross-border regulations, and brand reputation. Potential disruptions in these areas create vulnerabilities in your supply chain, making it imperative to implement the best risk management tools and strategies.

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Topics: Global Trade Management, Supply Chain Visibility, Global Supply Chain, Risk and Quality Management

Begin With a Control Tower & End With Enhanced Supply Chain Visibility

Posted by Paris Riley

What is supply chain visibility? Depending on where you go and whom you ask, the answer might differ. True end-to-end visibility extends beyond just tracking containers and shipping logistics. It disrupts the traditional corporate information silos and provides company-wide transparency that can greatly improve the global trade management process. Often, the given definition of supply chain visibility fails to encompass the essence of "true visibility," like what you achieve in a supply chain control tower scenario. Every step in the supply chain needs to be both visible and managed; this requires all partners and data to be digitized.

Amber Road’s new eBook, Creating the Global Supply Chain Control Tower – Beyond Simple Visibility, discusses the often muddled definition of supply chain visibility and the breadth of benefits that come from creating a digital global supply chain control tower. The four key benefits from this level of visibility includes:

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Topics: Global Trade Management, Supply Chain Visibility

Gain Control of Your Global Supply Chain: American Shipper Webinar

Posted by Julia Gorman

Supply chain visibility spans from product conception to the receipt of payment. Such extensive transparency remains a foreign concept to many global companies whose visibility solutions end at shipment tracking. However, comprehensive digital solutions have made company-wide transparency achievable. Step 1: create a global supply chain control tower.

Amber Road is proud to sponsor American Shipper's upcoming webinar, What’s A Control Tower Without Control? airing Tuesday, April 24th at 2PM EDT. This hour-long broadcast will explore methods which global companies can truly gain control of their supply chains through enhanced visibility.

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Topics: Webinars, Supply Chain Visibility

Your Blockchain Questions Answered: Blockchain for Global Supply Chain Webinar Q&A

Posted by Kelsey Barker

There is no doubt that blockchain technology has the powerful potential to improve digital supply chains and global trade management. But how?

That's the question Dan Gardner, VP of Supply Chain for Lakeshore Learning Materials and co-founder of Trade Facilitators, Inc., and Amber Road’s Ty Bordner both answered during Amber Road's recent webinar, Blockchain for Global Supply Chain: Ghost in the Machine or Breakthrough Technology? Of course, blockchain is such a top topic these days that Dan and Ty's introduction sparked a ton of debate, and they were only able to address a fraction of viewers' questions during the hour-long webcast. Luckily, we've compiled their answers to these queries below. See if they've answered some of your biggest questions about how blockchain can be applied to the global supply chain, then watch the webinar on-demand here

  • Question: Although I understand "how" this can work for the Global Supply Chain, what I don't understand is "why" it could be preferable to existing data tracking tools?
    • Answer: As we all know, the global supply chain is highly complex, and there are many different types of use cases spanning the process from purchase order to payment. Not all of the processes are appropriate for Distributed Ledger Technology (DLT). The most appropriate use cases would have attributes which lend themselves to the need for absolute trust and exchange of value.
  • Q: As a solo exporter, should I adopt this system in my trade financing operations? Can a block of documents be used for satisfying the Letter of Credit (L/C) performance?
    • A: The Letter of Credit use case seems to be very compelling for DLT (i.e. Blockchain). There clearly is an exchange of value with a Letter of Credit and many of the terms and conditions of an LC can be automated as part of set of business rules (smart contracts). Of course the information representing the LC and the actual movement of the goods (BoL, Commercial Invoice, Packing List, etc.) must be in a digital form.
  • Q: Contracts are confidential, but how does confidentiality/anonymity work in a distributed ledger?
    • A: Blockchain (DLT) technology can be implemented in different ways. There is a concept of a public blockchain (Ex. Bitcoin) and a private or permissioned blockchain. In a permissioned blockchain only the parties that have been given privileges will be able to see confidential information.
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Topics: Global Trade Management, Supply Chain Visibility, Global Supply Chain, Supplier & Product Traceability

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