Artificial intelligence continues to revolutionize buyer-supplier collaboration and information management, offering transformative opportunities to optimize supply chains.
The ATRI also found that congestion caused the industry to waste 6.4 billion gallons of diesel fuel, creating more than $32 billion in additional fuel costs.
The newly-formed Digital FTL Council includes representatives from companies such as Nordstrom, Uber Freight, J.B. Hunt and C.H. Robinson among others.
Mars is planning to have cocoa it purchases physically separated from products that come from other unverified sources at every stage in its supply chain.
Across industries, be it FMCG, medical, or automotive, companies with a vast, diverse product portfolio need to manage bills of materials for each product and variant.