Share:

New Kids on the Block: Three Voices Transforming the Supply Chain

Supply chain management is constantly evolving. Whether you see the glass as half full or half empty, this dynamic environment brings both challenges and opportunities to the fore. The good news is that, while challenges continue to emerge, experts and thought leaders who offer insights and strategies are changing the industry, too.

This article highlights three such visionaries — Searoutes Co-Founder & CEO Pierre Garreau, Noodle.ai Chief Operating Officer Michael Ciatto, and Owlery Co-Founder Travis Downs — who not only offer fresh perspectives but are also driving change through their innovative approaches.

Three Voices Transforming the Supply Chain

These experts have emerged with pragmatic solutions to many of today’s logistical problems, ushering in the potential for a more effective supply chain operation. True, many might consider them “new kids on the block,” but their thought leadership already resonates well across the entire industry.

Pierre Garreau, Searoutes

“Today’s businesses are under pressure to improve visibility over carbon emissions, as regulators and consumers alike place greater emphasis on emissions reduction. However, businesses struggle to build accurate visibility over emissions, instead turning to greenwashing and estimation as a means of signaling decarbonization efforts. Searoutes uses the physical characteristics of vessels, planes, and trucks, coupled with GPS trajectories and contextual data in order to measure the carbon emissions of your logistics. This is the only way we know to accurately report carbon emissions. Clients such as Michelin use that data to make informed decisions on their supply chain, with the goal of reducing their overall footprint. Today, the carbon management market is saturated with non-logistics experts who use averages and offer carbon compensation. This is not the way! Reductions of ~40% can be achieved by following the strategies Searoutes recommends.”

Emissions tracking isn’t just a buzz phrase; it’s a vital tool for businesses aiming to reduce their carbon footprint and operate responsibly in today’s world where pressures from regulatory bodies (like EU ETS) and consumers abound. The technology is critical because it provides a clear picture of where the company stands, allowing it to effectively spot areas that need improvement and make informed decisions about adopting greener solutions.

Searoutes enhances supply chain stakeholders’ ability to control carbon emissions by leveraging modern algorithms and datasets beyond standard methodologies. The platform provides CO2 emissions reports for transport and powerful routing engines that accurately match the services operated by the carriers.

Michael Ciatto, Noodle.ai

“Achieving an accurate forecast and better predictions across demand, supply, and inventory has always been the ‘holy grail’ to orchestrating an efficient, connected, and agile supply chain.  However, despite decades of trying, improved forecast accuracy has been elusive for most supply chains. Hence, we are embarking on a new approach that proposes to:

  • Incorporate numerous forecasting models to capture the latest innovations with a proprietary ensembling approach for mixed model value creation.
  • Empower business users without data science expertise to interact with and understand the models through natural language, thereby engineering the data scientist ‘into the platform.’  
  • Allow users to provide intuitive overrides that are captured and ‘featurized’ in our LLM to be incorporated in future predictions. 

“This aims to address the key challenges of limited trust and adoption of statistical forecasting models by human demand planners, by putting the power of forecasting in the hands of business users and incorporating their institutional knowledge and intuition.”

Accurate demand forecasting helps businesses see the future, anticipate customer needs, and make smart decisions about what to stock, when, and by how much. Without the demand forecasting solution, businesses fly blind and could potentially end up in a pile of unsold inventory or lose sales because of a lack of adequate inventory.

However, the technology driving demand forecasting has stagnated in recent years, but Noodle.ai promises 10% more accuracy than the current market solutions. It achieves this by enhancing Advanced Planning Systems through innovative data science and AI/ML techniques. The company dramatically improves demand forecasts across hierarchies and time horizons by eliminating human bias and enabling an exception-based demand-planning process. 

Travis Downs, Owlery

“As supply chain partners advance their technologies, shippers now manage more vendor portals than ever before, often resorting to spreadsheets and switching between browser tabs for operations. Owlery simplifies this complexity with hundreds of always-free and prebuilt integrations to your trusted vendors and partners. Our flexible platform boosts reliability, lowers COGS, and covers all aspects: transportation operations, order management, load planning, powerful analytics, exception handling, and freight finance tools. Accessible and affordable, Owlery makes advanced logistics capabilities attainable for companies of all sizes, eliminating barriers of cost, complexity, and deployment time. We’re proud to be the preferred TMS for fast-moving brands, ensuring efficient and cost-effective operations across all supply chain needs.”

Almost overnight, Transportation Management Systems (TMS) have become a critical tool in today’s supply chains. However, the rise of the seemingly overnight sensation was fueled by a growing recognition of the complexities and challenges in managing transportation networks.

However, many TMS solutions are limited in their ability to work fully across all supply chain platforms, leaving shippers to navigate between various platforms and leading to dangerous blind spots. With Owlery, businesses have a fast and flexible TMS and logistics platform that instantly connects all the points of their supply chain and gives them the power to transform and elevate their supply chain operations.

Your Gateway to Supply Chain Expertise

Supply Chain Now is your one-stop platform for all things supply chain. Our podcast offers a variety of shows featuring conversations with industry veterans and interviews with global supply chain leaders. Popular programs like Logistics with Purpose and Digital Transformers provide a wealth of knowledge and inspiration. Whether you’re seeking actionable strategies or simply want to keep your finger on the pulse of the industry, our podcasts have you covered. Listen Now.

 

More Articles

best supply chain podcasts
Articles
June 4, 2024

Top 10 Supply Chain Podcasts You Should be Listening to Right Now

As the supply chain industry continues to face profound transformation, staying updated on the latest trends, innovations, and best practices in the space is crucial. With over 464 million podcast listeners worldwide, podcasts have become an invaluable resource for professionals seeking insights and inspiration. The wonderful world of the web means you can find a podcast in any niche, but how do you separate the wheat from the chaff when it comes to quality supply chain podcasts? To help you get there, we’ve curated a round-up of the top ten must-listen supply chain podcasts that will keep you informed and entertained. 1. Supply Chain Now Where to Listen: https://supplychainnow.com/program/supply-chain-now/ Hosts: Scott Luton and various industry experts. Best for: The go-to resource for insights into global supply chain performance. Featured in the Apple Podcasts business leadership charts in over 60 countries, Supply Chain Now is a renowned podcast for its extensive coverage of supply chain topics, including insights from industry leaders and experts. Hosted by Scott Luton and his team of industry-veteran co-hosts from brands like Amazon, P&G, and Nordstrom, the podcast delves into everything from logistics and transportation to technology and innovation. With a history of high-quality content and engaging…
Global Trade Trends
Articles
December 6, 2024

Global Trade Trends: Three Businesses Bringing Innovation to Supply Chain

Global trade practitioners face waves of uncertainty with the possibilities of slews of international tariffs and work stoppages at ports on the U.S. East and Gulf coasts. There are other weighty challenges as well, including conflicts in Russia-Ukraine and the Middle East, increasingly dangerous storms, and seasonal capacity strains and congestion. Technology plays an increasingly important role in overcoming the many challenges in the global supply chain. “The evolution of supply chain technology has allowed the shipping industry to enhance its operational capabilities. Automation, real-time tracking, and improved throughput have helped manage the heavy volume growth experienced during the pandemic, but recent challenges have highlighted the need for even more robust strategies,” Karim Jumma, e2open’s vice president of product management, wrote in a contributed SupplyChainBrain article. Jumma cited geopolitical conflicts, extreme weather events, and logistical bottlenecks as examples of challenges that have tested the industry and “increased the need for innovative solutions that prioritize flexibility and data-driven decision-making to mitigate against ongoing disruptions.” Supply Chain Now is highlighting E2open, WCAworld, and DP World, three companies continually working on innovative solutions to global trade’s most pressing challenges. DP World Takes Collaborative Approach to Global Challenges DP World’s marketing material says the…