Welcome to Lift Truck Supply’s Forklift Friday Fast 5. Each week we will be sharing articles from around the web to keep you up to date on the latest news, technology, and interesting happenings in the material handling, distribution, logistics, and supply chain arena.
Check out what we are reading this week and get in the know!
- WE NEED BREAKTHOUGH BUSINESS MODELS, NOT TECHNOLOGY A good deal of effort is still needed to turn most emerging technologies into sustainable wealth creation engines. In our experience, anyone who still wants to kick off a discussion about long-term wealth creation by focusing on the business case for addressing the world’s biggest unmet needs is likely to find themselves paddling along well behind the next big wave, very likely missing it entirely.
- COMPANIES FAILING TO REALISE FULL BENEFIT OF SUPPLY CHAIN DIGITALIZATION The overwhelming majority of companies are failing to realise the full benefits of digitalization technologies for their supply chains, new research has revealed. The digitalization report from DHL reveals that new technologies and solutions are developing at a fast-pace and disrupting industries on multiple fronts, with supply chains struggling to keep up.
- ADVICE FOR PROCUREMENT MANAGERS – FOCUS ON SPEED & AGILITY IN 2018 Procurement managers should heed this piece of advice: Your CEO is worrying about speed and agility in 2018 so you should be worrying about it too. So says Guy Strafford, an executive at procurement technology company Proxima, writing recently on the UK’s SupplyManagement.com web site. In fact, Strafford says 2018 will be about something fundamental: how CPOs respond to the desire from the top to move faster.
- TEAMSTERS WITHDRAW DEMANDS BANNING UPS USE OF DRONES & AUTONOMOUS VEHICLES Teamsters union negotiators have withdrawn a contract demand that UPS Inc. ban the use of drones and autonomous vehicles to carry out package delivery services, according to a dissident Teamster group
- ROBOTICS AT A TIPPING POINT “I’m going to go out on a limb, but I’m now convinced that robotic materials handling is at a tipping point in materials handling, and it feels as if the adoption rate is about to take off” – Jim Rice, MIT.
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