The Council of Supply Chain Management Professionals’ annual EDGE Conference will provide insights into the key challenges facing global supply chains.
It makes a lot of sense that the Council of Supply Chain Management Professionals (CSCMP) chose “The State of the Global Supply Chain” as the theme for its 2024 EDGE Conference and Exhibition. From Houthi attacks on containerships in the Red Sea to a drought causing low water levels in the Panama Canal, external factors across the globe continue to have a profound impact on companies’ supply chain operations.
To help companies better address these challenges, CSCMP has assembled a slate of over 100 educational sessions presented by industry experts and thought leaders for its annual conference, set to take place from Sept. 29 to Oct. 2 in Nashville, Tennessee. Conference attendees will also have an opportunity to check out the latest products and services from supply chain technology and solution providers at the event’s Supply Chain Exchange Exhibition.
In between conference sessions and visits to the exhibit hall, attendees will have many opportunities to network with peers from across the globe. According to event organizers, 66% of the expected 3,000 conference attendees hold director-level positions or above. In addition to the networking receptions, conference-goers can participate in a whiskey tasting, visit a puppy play park, and take in performances by Dolly Parton impersonators and up-and-coming Nashville musicians.
BARBIES, TRUCKS, AND TEAMWORK
To set the tone of the conference, CSCMP has pulled together a roster of keynote speakers with deep supply chain expertise who can draw on rich career experiences to address the key issues of the day.
Taking the stage on Oct. 1, Roberto Isaias, executive vice president and chief supply chain officer at Mattel, will discuss how the toy company’s supply chain has helped it deliver on its mission to create innovative products and experiences that inspire fans, entertain audiences, and foster child development through play. With a focus on the iconic Barbie brand, Isaias will explore Barbie’s supply chain journey, detailing how the brand has expanded its share worldwide, weathered supplier challenges, and managed the surge in demand following the launch of the Barbie movie.
Also speaking is Shelley Simpson, president and incoming chief executive officer at J.B. Hunt Transport Services Inc. She will draw on her more than 29 years of experience in the transportation and logistics industry to inspire attendees. During her time at J.B. Hunt, Simpson has led several significant change initiatives, such as launching the Integrated Capacity Solutions (ICS) business unit, which expanded Hunt’s service offerings beyond asset-based trucking into the brokerage side of the business, and helping to commercialize J.B. Hunt 360, the company’s digital freight-matching platform.
The final day of the conference will kick off with a panel of supply chain leaders who will provide actionable insights and strategies for developing and retaining high-performing supply chain teams. Panelists for this session include Tim Perkins, chief executive officer at supply chain sourcing company Sourcifi; David Colyott, executive vice president of operations at distilled spirits and food ingredients producer MGP Ingredients; Joe Peloquin, vice president of fulfillment at meal-kit company Hello Fresh; Colin Yankee, chief supply chain officer at retail chain Tractor Supply Co.; and Lucas England, vice president of operations at global international trade company DP World.
In addition to the keynote addresses, the conference will offer more than 100 educational breakout sessions across various tracks. These tracks cover a wide range of critical supply chain topics, including leadership and talent development, network planning and optimization, the global supply chain, order fulfillment and customer service, risk mitigation, sales and operations planning and inventory planning, sustainability, logistics and transportation, and warehousing and distribution. Speakers come from a range of well-known organizations, such as Walmart, Nestlé, the University of Tennessee, Mars, JLL, Penn State University, SAP, C.H. Robinson, and Li & Fung, to name just a few.
Those looking to delve further into the latest research should consider attending the Academic Research Symposium (ARS), a one and a half-day event that starts the Saturday before the main conference. The symposium, which is open to supply chain practitioners as well as researchers and educators, will feature multiple breakout tracks on topics like research methodology, artificial intelligence (AI) and other technological innovations in the supply chain, sustainability, and pedagogical best practices. This annual symposium highlights CSCMP’s longtime focus on fostering collaboration and partnerships between academia and industry.
A GLIMPSE OF THE FUTURE
As a complement to the educational conference, EDGE also includes the Supply Chain Exchange Exhibition, where attendees can explore cutting-edge technologies and services that are shaping the future of supply chain management. Along with the more-established companies, the exhibit hall will feature a “Startup Alley,” a dedicated area showcasing emerging companies and technologies that are poised to disrupt the supply chain industry.
Along with the exhibits and demonstrations by technology and solution providers, the exhibit hall will feature two show-floor specialty theaters: the Ask the Expert Theater and the Innovation Theater. These venues will provide platforms for in-depth discussions and demonstrations of cutting-edge solutions.
At the Innovation Theater, exhibitors and sponsors will have a chance to demonstrate their technologies in a format reminiscent of the popular TV show “Shark Tank.” They will give a 15-minute demonstration, followed by a five-minute Q&A period. This format promises to deliver concise, high-impact presentations of the latest advancements in supply chain technology.
Also taking place on the show floor will be the real-time judging of the “Annual 3 V’s Innovation Award Contest.” Now in its second year, the 3 V’s Awards recognize those companies that best embody the 3 V’s framework (improving visibility, reducing variability, and increasing velocity), originally created by supply chain thought leader Art Mesher. Finalists for the awards will be presenting their concepts at the Innovation Theater in front of a panel of judges.
For more information or to register for EDGE 2024, visit the conference website, www.cscmpedge.org.
Conference Details
What: CSCMP’s Annual EDGE Conference and Exhibition
When: Sunday, Sept. 29, to Wednesday, Oct. 2
Hours: Sunday, Sept. 29: 7 a.m.–9:30 p.m.
Monday, Sept. 30: 7 a.m.–10 p.m.
Tuesday, Oct. 1: 7 a.m.–7:15 p.m.
Wednesday, Oct. 2: 7–11:15 a.m.
Where: Gaylord Opryland Resort & Convention Center, Nashville, Tennessee
Cost: $1,895 for premier members; $2,495 for nonmembers (discounts offered for academic, student, international, military, and young-professional members)
Nearly one-third of American consumers have increased their secondhand purchases in the past year, revealing a jump in “recommerce” according to a buyer survey from ShipStation, a provider of web-based shipping and order fulfillment solutions.
The number comes from a survey of 500 U.S. consumers showing that nearly one in four (23%) Americans lack confidence in making purchases over $200 in the next six months. Due to economic uncertainty, savvy shoppers are looking for ways to save money without sacrificing quality or style, the research found.
Younger shoppers are leading the charge in that trend, with 59% of Gen Z and 48% of Millennials buying pre-owned items weekly or monthly. That rate makes Gen Z nearly twice as likely to buy second hand compared to older generations.
The primary reason that shoppers say they have increased their recommerce habits is lower prices (74%), followed by the thrill of finding unique or rare items (38%) and getting higher quality for a lower price (28%). Only 14% of Americans cite environmental concerns as a primary reason they shop second-hand.
Despite the challenge of adjusting to the new pattern, recommerce represents a strategic opportunity for businesses to capture today’s budget-minded shoppers and foster long-term loyalty, Austin, Texas-based ShipStation said.
For example, retailers don’t have to sell used goods to capitalize on the secondhand boom. Instead, they can offer trade-in programs swapping discounts or store credit for shoppers’ old items. And they can improve product discoverability to help customers—particularly older generations—find what they’re looking for.
Other ways for retailers to connect with recommerce shoppers are to improve shipping practices. According to ShipStation:
70% of shoppers won’t return to a brand if shipping is too expensive.
51% of consumers are turned off by late deliveries
40% of shoppers won’t return to a retailer again if the packaging is bad.
The “CMA CGM Startup Awards”—created in collaboration with BFM Business and La Tribune—will identify the best innovations to accelerate its transformation, the French company said.
Specifically, the company will select the best startup among the applicants, with clear industry transformation objectives focused on environmental performance, competitiveness, and quality of life at work in each of the three areas:
Shipping: Enabling safer, more efficient, and sustainable navigation through innovative technological solutions.
Logistics: Reinventing the global supply chain with smart and sustainable logistics solutions.
Media: Transform content creation, and customer engagement with innovative media technologies and strategies.
Three winners will be selected during a final event organized on November 15 at the Orange Vélodrome Stadium in Marseille, during the 2nd Artificial Intelligence Marseille (AIM) forum organized by La Tribune and BFM Business. The selection will be made by a jury chaired by Rodolphe Saadé, Chairman and CEO of the Group, and including members of the executive committee representing the various sectors of CMA CGM.
The global air cargo market’s hot summer of double-digit demand growth continued in August with average spot rates showing their largest year-on-year jump with a 24% increase, according to the latest weekly analysis by Xeneta.
Xeneta cited two reasons to explain the increase. First, Global average air cargo spot rates reached $2.68 per kg in August due to continuing supply and demand imbalance. That came as August's global cargo supply grew at its slowest ratio in 2024 to-date at 2% year-on-year, while global cargo demand continued its double-digit growth, rising +11%.
The second reason for higher rates was an ocean-to-air shift in freight volumes due to Red Sea disruptions and e-commerce demand.
Those factors could soon be amplified as e-commerce shows continued strong growth approaching the hotly anticipated winter peak season. E-commerce and low-value goods exports from China in the first seven months of 2024 increased 30% year-on-year, including shipments to Europe and the US rising 38% and 30% growth respectively, Xeneta said.
“Typically, air cargo market performance in August tends to follow the July trend. But another month of double-digit demand growth and the strongest rate growths of the year means there was definitely no summer slack season in 2024,” Niall van de Wouw, Xeneta’s chief airfreight officer, said in a release.
“Rates we saw bottoming out in late July started picking up again in mid-August. This is too short a period to call a season. This has been a busy summer, and now we’re at the threshold of Q4, it will be interesting to see what will happen and if all the anticipation of a red-hot peak season materializes,” van de Wouw said.
The report cites data showing that there are approximately 1.7 million workers missing from the post-pandemic workforce and that 38% of small firms are unable to fill open positions. At the same time, the “skills gap” in the workforce is accelerating as automation and AI create significant shifts in how work is performed.
That information comes from the “2024 Labor Day Report” released by Littler’s Workplace Policy Institute (WPI), the firm’s government relations and public policy arm.
“We continue to see a labor shortage and an urgent need to upskill the current workforce to adapt to the new world of work,” said Michael Lotito, Littler shareholder and co-chair of WPI. “As corporate executives and business leaders look to the future, they are focused on realizing the many benefits of AI to streamline operations and guide strategic decision-making, while cultivating a talent pipeline that can support this growth.”
But while the need is clear, solutions may be complicated by public policy changes such as the upcoming U.S. general election and the proliferation of employment-related legislation at the state and local levels amid Congressional gridlock.
“We are heading into a contentious election that has already proven to be unpredictable and is poised to create even more uncertainty for employers, no matter the outcome,” Shannon Meade, WPI’s executive director, said in a release. “At the same time, the growing patchwork of state and local requirements across the U.S. is exacerbating compliance challenges for companies. That, coupled with looming changes following several Supreme Court decisions that have the potential to upend rulemaking, gives C-suite executives much to contend with in planning their workforce-related strategies.”
Stax Engineering, the venture-backed startup that provides smokestack emissions reduction services for maritime ships, will service all vessels from Toyota Motor North America Inc. visiting the Toyota Berth at the Port of Long Beach, according to a new five-year deal announced today.
Beginning in 2025 to coincide with new California Air Resources Board (CARB) standards, STAX will become the first and only emissions control provider to service roll-on/roll-off (ro-ros) vessels in the state of California, the company said.
Stax has rapidly grown since its launch in the first quarter of this year, supported in part by a $40 million funding round from investors, announced in July. It now holds exclusive service agreements at California ports including Los Angeles, Long Beach, Hueneme, Benicia, Richmond, and Oakland. The firm has also partnered with individual companies like NYK Line, Hyundai GLOVIS, Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), and now Toyota.
Stax says it offers an alternative to shore power with land- and barge-based, mobile emissions capture and control technology for shipping terminal and fleet operators without the need for retrofits.
In the case of this latest deal, the Toyota Long Beach Vehicle Distribution Center imports about 200,000 vehicles each year on ro-ro vessels. Stax will keep those ships green with its flexible exhaust capture system, which attaches to all vessel classes without modification to remove 99% of emitted particulate matter (PM) and 95% of emitted oxides of nitrogen (NOx). Over the lifetime of this new agreement with Toyota, Stax estimated the service will account for approximately 3,700 hours and more than 47 tons of emissions controlled.
“We set out to provide an emissions capture and control solution that was reliable, easily accessible, and cost-effective. As we begin to service Toyota, we’re confident that we can meet the needs of the full breadth of the maritime industry, furthering our impact on the local air quality, public health, and environment,” Mike Walker, CEO of Stax, said in a release. “Continuing to establish strong partnerships will help build momentum for and trust in our technology as we expand beyond the state of California.”