New book takes supply chain management to the "X-treme"
Extremely complex, extremely dynamic, and extremely unpredictable: All of these describe today's supply chains. For those who must manage under these challenging and ever-changing conditions, the recently published book X-SCM: The New Science of X-treme Supply Chain Management, offers tools, in-depth analysis, and advice.
Edited by Sandor Boyson, Thomas Corsi, and Lisa H. Harrington of the University of Maryland's Robert H. Smith School of Business, X-SCM contains expert-contributed articles addressing how to manage supply chain risk and volatility. They cover such topics as network configuration, insourcing vs. outsourcing, multichannel demand and supply, and managing physical, virtual, financial, and services supply chains in times of volatility and high risk.
In addition to the written material, the book includes an online "tool kit" with a supply chain risk simulation, a real-time global supply chain simulation game, and analytic tools for assessing total logistics costs and emerging risks. It is the first supply chain book to make such tools available to readers.
The book, produced by the Robert H. Smith School of Business, Sterling Commerce, and CSCMP, will be available for purchase at CSCMP's Global Annual Conference in San Diego for US $59.95 for CSCMP members and US $69.95 for nonmembers.
CSCMP recognizes top academics, practitioner
While CSCMP's Annual Global Conference may primarily focus on offering attendees new learning opportunities, it also provides a chance to recognize those who have already made significant contributions to our understanding of the supply chain.
The following educators (both from academia and industry) will be recognized at this year's conference in San Diego:
Charles L. (Chuck) Taylor, founder and principal of Awake! Consulting, will receive the prestigious Distinguished Service Award, the supply chain profession's highest recognition. A 40-year supply chain veteran, Taylor has worked throughout his career to push practitioners to adopt emerging strategies such as lean and third-party logistics and partnerships. His current passion is educating supply chain professionals about the importance of planning for probable fuel shortages in the new millennium. Taylor has written on that subject twice for Supply Chain Quarterly: "Are you ready for the end of cheap oil?" appeared in the inaugural issue in 2007, and "Prepare for a liquid fuel emergency" was published in the special "State of Logistics Report" issue in August.
Matthias Ehrgott will receive the 2010 Doctoral Dissertation Award for his dissertation, Social and Environmental Sustainability in Supplier Management—A Stakeholder Theory Perspective on Antecedents and Outcomes. Dr. Ehrgott is assistant professor of international business and supply management at WHU—Otto Beisheim School of Management in Germany, where he studied business administration.
Auburn University Professor C. Clifford Defee and University of Tennessee professors Terry L. Esper, the late John T. Mentzer, and Theodore P. Stank will be honored with the Bernard J. La Londe Best Paper Award for their article on "The Role of Followers in Supply Chains." This article, which appeared in the July 2009 issue of Journal of Business Logistics, contends that while a great deal of research has focused on supply chain leaders, little has been said about "supply chain followers." The authors attempt to provide a framework for researching and discussing supply chain followers.
Chad Allred of Brigham Young University, Amydee M. Fawcett of Lateral Line Analytics, Stanley E. Fawcett of Brigham Young University, Gregory M. Magnan of Seattle University, and Cynthia Wallin of Brigham Young University will receive the E. Grosvenor Plowman Award for their paper, "Evaluating Information Technology as a Supply Chain Collaboration Enabler: Insights from the Resource-Based View." The Plowman Award is given to the best paper submitted to CSCMP's Supply Chain Management Educators Conference, which occurs the day before the Annual Global Conference.
Find a wealth of resources in CSCMP's "virtual library"
CSCMP has long maintained a rich source of supply chain-related information and research in different parts of its website. Now all of that information has been collected and centrally located in the site's new, user-friendly "virtual library." These member-only resources include:
The Annual Third-Party Logistics Study from Capgemini Consulting, Georgia Institute of Technology, Oracle, and Panalpina.
A series of studies looking at the feasibility of using RFID tagging at the item level. A joint collaboration by CSCMP, University of Arkansas, and Voluntary Interindustry Commerce Solutions (VICS), the studies discuss RFID initiatives conducted by specific retailers as well as the technology's potential use for electronic article surveillance.
Practitioner case studies from companies such as Baxter Healthcare, Guinness, Marks & Spencer, Toyota, and Toys "R" Us.
Back issues of the Journal of Business Logistics.
CSCMP's Annual "State of Logistics Report."
Informational papers on "connective technologies" that provide real-time data collection and communication.
CSCMP publications such as CSCMP Global Perspectives, CSCMP Explores, and CSCMP Comment.
Even in a sluggish economy, it can be difficult to find that perfect job candidate who possesses the exact skill set your organization needs. CSCMP's Career Center can help you refine your search and quickly identify a richer pool of candidates.
Unlike larger, more general job boards, CSCMP's Career Center is a niche site focused exclusively on the supply chain profession. Participating employers can post open positions or search CSCMP's candidate database. The database contains more than 1,000 supply chain professionals who are either actively or passively seeking employment. The Career Center offers many types of payment packages, including "pay per prospect" and a free résumé search. Companies can also choose to have the Career Center distribute their postings to other job boards.
Job seekers, for their part, can not only post their résumés and browse job openings but can also receive career coaching and job search tips. For more information about the Career Center, visit cscmp.org/career/resources.asp.
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."