His long career as teacher, author, editor, and mentor of future supply chain professionals earned Dr. James R. Stock CSCMP's 2011 Distinguished Service Award.
The supply chain profession has many college and university educators who put heart and soul into teaching. Even among such a committed group, Dr. James R. Stock stands out. And that, in large part, is why the Council of Supply Chain Management Professionals (CSCMP) bestowed its 46th Distinguished Service Award on the University of South Florida professor. In handing out the award, CSCMP President Rick Blasgen said, "The accomplishments he has achieved through teaching, authoring textbooks, conducting research, editing journals, and educating supply chain professionals have left and will continue to leave an indelible mark on the supply chain profession."
Stock began his teaching career at the University of Notre Dame in 1975, long before supply chain management had emerged as a distinct discipline. He recognized that teaching traditional distribution management would not be sufficient in itself to prepare students for careers in a global economy, and he foresaw that what would come to be called supply chain management would have to become a part of the university curriculum.
In addition to the Distinguished Service Award, Stock has received the Armitage Medal and Eccles Medal from the International Society of Logistics and a 2006 Rainmaker Award from DC Velocity Magazine. He has published six books and over 150 articles, monographs, and proceedings papers. He has also served as editor of the International Journal of Physical Distribution & Logistics Management, Logistics Spectrum, and CSCMP's Journal of Business Logistics.
In a recent interview with Editor James Cooke, Stock discussed the current state and future of supply chain education.
Name: James R. Stock Title: Frank Harvey Endowed Professor of Marketing Organization: University of South Florida College of Business, Tampa, Florida, USA Education: Bachelor of Science in Biology and Chemistry, University of Miami; Master of Business Administration in Marketing, University of Miami; Doctor of Philosophy in Marketing and Logistics, The Ohio State University—Max M. Fisher College of Business. Work history: Formerly Professor of Marketing and Logistics at Michigan State University, Distinguished Visiting Professor at Air Force Institute of Technology, Associate Professor of Marketing at the University of Oklahoma, and Assistant Professor of Marketing at the University of Notre Dame. CSCMP member: since 1976
How has teaching supply chain management changed in the past decade or so?
One must remember that SCM (supply chain management) as a concept is less than 30 years old, originating in the literature in the mid-1980s. The first SCM courses began appearing in the 1990s, and initially they were slightly expanded logistics management courses. As they developed, they expanded to incorporate many non-logistics components such as manufacturing/production, sourcing, marketing, and many others. Thus, in terms of most businessrelated disciplines, the field is relatively young and, one could say, still immature from a developmental perspective.
Commensurate with the expanded concept of SCM, the teaching of the subject has also expanded to include a variety of topics never covered in traditional logistics classes. Topics such as lean management, Six Sigma, lifecycle assessment, the "perfect order," and others had to be included in a course on SCM. This required that teachers have the knowledge and expertise to include those topics in their classroom lectures and discussions. It also allowed for more collaborative teaching to occur, which meant that faculty from MIS (management information systems), finance, production, operations, and marketing could participate in the presentation of materials from their disciplines as they related to SCM.
How much influence does industry have on what's taught in the classroom today?
In the logistics and supply chain areas, industry has a great deal of influence on what is taught in the classroom. Historically, logistics and SCM faculty members have ongoing relationships with various businesses, which they then weave into their classroom presentations and discussions. Faculty read many of the professional trade journals that are sent to people in the field. Those periodicals include case studies, interviews, and so forth, which are very practitioner-oriented. So, through the reading of those materials, faculty members are able to utilize examples of companies and processes that are relevant to the teaching of logistics or SCM.
Additionally, when companies recruit on university campuses, they meet with faculty about the jobs for which they are interviewing, and they discuss the types of students they want to hire—skill sets, personal characteristics, computer expertise, previous experience. Thus, industry has both direct and indirect influence on what is being taught in today's college classroom.
Are supply chain executives pressing you to teach certain subjects?
In a few instances they are, especially if they have a very specific need for a particular skill set or knowledge. Generally, however, supply chain executives are looking for potential hires who are problem solvers, people who can see the "big picture," and those who possess both specialty and generalist knowledge. Of course, speaking and writing skills will always be in demand, because they never cease to be important elements of a successful career. Recognizing this, faculty members attempt to include topical material and teach pedagogy that will develop these skills in the students that take their classes.
How can the profession attract the best young minds into the field?
There are a number of ways the professionals can influence young people to consider logistics or SCM as career fields. First, they can provide paid summer internships that provide real-world experiences for future supply chain executives. Second, they can be involved in university career days, fairs, and programs where students have the opportunity to hear from the practitioner and can also raise questions and concerns about the logistics or supply chain fields. Third, practitioners can be "guest lecturers" in classes relating to logistics or SCM. Students always love to hear what's happening in businesses, and what better way to hear than to have practitioners share their stories with them? Fourth, logistics and SCM professionals can make their voices heard with college administrators who influence the funding and hiring of faculty members within colleges. It is difficult to graduate students in logistics or SCM if there is no, or insufficient, faculty available to teach those courses. Finally, companies can consider offering scholarships to logistics or SCM students based on scholastic achievement and interest in pursuing careers in the field. Such scholarships do not have to be large—typically $1,000 or less for each scholarship. The best students love to apply for such academic scholarships because of the prestige and status that they bring to their résumés.
What types of companies are recruiting supply chain graduates these days?
We have seen more logistics or supply chain service companies interested in graduates. For example, 3PLs (third-party logistics companies) and 4PLs (fourthparty logistics companies) have consistently been looking for graduates interested in pursuing careers in various areas such as transportation, warehousing, information systems, and consulting. Additionally, depending on the location of the university, recruiters may be looking for students with interests in retailing, manufacturing, or government.
How important is a Master of Business Administration (MBA) degree to a successful career in supply chains today?
MBAs are good to have for middle and senior management positions. For entry-level positions, a bachelor's degree is sufficient for most positions. Business experience continues to be a plus, even if that experience is not in logistics or SCM. A good approach for many students is to obtain the entry-level position, work for a few years, and then obtain the MBA as a part-time student, often taking night or online courses. Many universities are very creative and offer courses online, evenings, Saturdays only, or concentrated into courses lasting one to four weeks, rather than an entire term. In sum, obtaining an MBA is a good idea for almost every logistics or SCM person, but not necessarily right away after obtaining a bachelor's degree.
What advice would you give someone entering the profession today?
While the present economy is a difficult one, it is not really much different from previous periods when economic conditions were better. Just as the attributes of cost and service have been important in the past, and will continue to be important in the future, so too will personal traits such as oral and written communication skills, computer and information technology expertise, the willingness to work hard, being a team player, and having a concern and empathy for the customer and others be important in the hiring and promotion processes of companies now and in the future. I tell my students that if they want a challenging career—one filled with change and new things almost every day—and a desire to be able to significantly influence the well-being of companies and their customers, then logistics or SCM is for them. It is a career that offers personal satisfaction and good financial rewards for those who do their jobs well.
Benefits for Amazon's customers--who include marketplace retailers and logistics services customers, as well as companies who use its Amazon Web Services (AWS) platform and the e-commerce shoppers who buy goods on the website--will include generative AI (Gen AI) solutions that offer real-world value, the company said.
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.”
Freight transportation providers and maritime port operators are bracing for rough business impacts if the incoming Trump Administration follows through on its pledge to impose a 25% tariff on Mexico and Canada and an additional 10% tariff on China, analysts say.
Industry contacts say they fear that such heavy fees could prompt importers to “pull forward” a massive surge of goods before the new administration is seated on January 20, and then quickly cut back again once the hefty new fees are instituted, according to a report from TD Cowen.
As a measure of the potential economic impact of that uncertain scenario, transport company stocks were mostly trading down yesterday following Donald Trump’s social media post on Monday night announcing the proposed new policy, TD Cowen said in a note to investors.
But an alternative impact of the tariff jump could be that it doesn’t happen at all, but is merely a threat intended to force other nations to the table to strike new deals on trade, immigration, or drug smuggling. “Trump is perfectly comfortable being a policy paradox and pushing competing policies (and people); this ‘chaos premium’ only increases his leverage in negotiations,” the firm said.
However, if that truly is the new administration’s strategy, it could backfire by sparking a tit-for-tat trade war that includes retaliatory tariffs by other countries on U.S. exports, other analysts said. “The additional tariffs on China that the incoming US administration plans to impose will add to restrictions on China-made products, driving up their prices and fueling an already-under-way surge in efforts to beat the tariffs by importing products before the inauguration,” Andrei Quinn-Barabanov, Senior Director – Supplier Risk Management solutions at Moody’s, said in a statement. “The Mexico and Canada tariffs may be an invitation to negotiations with the U.S. on immigration and other issues. If implemented, they would also be challenging to maintain, because the two nations can threaten the U.S. with significant retaliation and because of a likely pressure from the American business community that would be greatly affected by the costs and supply chain obstacles resulting from the tariffs.”
New tariffs could also damage sensitive supply chains by triggering unintended consequences, according to a report by Matt Lekstutis, Director at Efficio, a global procurement and supply chain procurement consultancy. “While ultimate tariff policy will likely be implemented to achieve specific US re-industrialization and other political objectives, the responses of various nations, companies and trading partners is not easily predicted and companies that even have little or no exposure to Mexico, China or Canada could be impacted. New tariffs may disrupt supply chains dependent on just in time deliveries as they adjust to new trade flows. This could affect all industries dependent on distribution and logistics providers and result in supply shortages,” Lekstutis said.
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.