55% say they are increasing their investment in supply chain tech and innovation and 42% are planning to invest over $10 million A new report released by MHI and Deloitte finds that 55% of supply chain leaders are increasing their supply chain technology and innovation investments, with 88% saying they are planning to spend over $1 million. Forty-two percent plan ...
Read More »Tag Archives: emerging technology
How AI Optimizes Supply Chain Decision Making
Feature BY MARY LOU JAY Sci-fi films may portray artificial intelligence (AI) as a threat to humanity, but in the real world of supply chain, AI provides many benefits to the humans who interact with it. As a powerful decision-making tool, AI helps workers be more effective and more productive. The term AI encompasses many related technologies, including machine learning ...
Read More »MODEX Showcases Innovations to Address Productivity, Employee Safety and Labor Challenges
Feature BY SHERYL S. JACKSON The speed, volume and complexity of the global supply chain continues to increase with the support of innovative technology that helps move goods more efficiently and safely. The 2024 MODEX exhibit hall was filled with over 1,200 exhibitors displaying the most up-to-date solutions for supply chain challenges. Ten of the innovative leaders were: ArcBest: Vaux ...
Read More »MHI Receives Record Number of Award Submissions
MHI received 193 submissions for this year’s Innovation Award. Finalists were chosen as the most innovative products in each category based on concept, value and impact, including the inaugural Best Innovation in Sustainability category. The MHI Innovation Award serves to educate and provide valuable insights on the latest manufacturing and supply chain products and services to MODEX attendees. MODEX 2024 ...
Read More »The Road to Digitization
Transforming Last Mile Delivery with Real-Time Visibility, Technology and Data Integration BY SARA PEARSON SPECTER In supply chain, perhaps no question is asked more often than “where’s my stuff?” From ocean freight aboard transport ships, ports and inbound logistics via rail or tractor trailer, to receiving at the warehouse or distribution center for crossdocking or put away into stored inventory, ...
Read More »Fast Track Fulfillment
Automating your DC to Speed Up Delivery BY LINDSEY ROONEY, MARKETING COMMUNICATIONS, MHI For retailers struggling to speed up the last mile of delivery, it could be productive to look backward. The so-called “middle mile of logistics,” where products travel from a factory or port to a distribution or fulfillment center, is ripe for the type of performance enhancements that ...
Read More »Future-Proofing Warehouses: Upskilling for the AI Revolution
BY LINDSEY ROONEY, MARKETING COMMUNICATIONS COORDINATOR, MHI Warehouses have long served as test labs for automation. In 1962, MHI member Demag installed the first automated storage and retrieval system at a book club warehouse in Germany. From there, innovation led to the complex Warehouse Management Systems that rule facilities today. As we careen into the Artificial Intelligence (AI) revolution, warehouse ...
Read More »Tech and the Worker Experience
Feature More than ever, companies in material handling and supply chain are prioritizing improvements in worker safety and the overall worker experience. Investing in an arsenal of cutting-edge technology is a major strategy they are employing to keep workers safe, reduce the physical and mental toll of their jobs, transform training and empower workers by giving them a stronger voice ...
Read More »Managing the Human-Tech Relationship in Supply Chains
Feature Organizations can gain more value from these collaborations when they understand the capabilities and limitations of the technology and of the people who work with it. BY MARY LOU JAY It’s been a milestone year for artificial intelligence (AI), with generative AI technology like ChatGPT, Google’s Bard and Bing Chat capturing the public’s attention and generating a great deal ...
Read More »Supply Chain Investments Increase, Supporting Transparency, Sustainability And Resilience
Feature The 10th edition of the MHI Annual Industry Report found that nearly 74% of companies are increasing their supply chain technology investments, many with an eye on expanding their use from enhancing resiliency to improving sustainability. BY CAROL MILLER, CHIEF MARKETING OFFICER, MHI The past three years have seen unprecedented changes in supply chains. As documented in the most ...
Read More »