- Gartner Announces Rankings of Its 2015 Supply Chain Top 25
http://www.gartner.com/newsroom/id/3053118 - Detroit Is Cultivating Local Entrepreneurship to Secure It’s Future
What have I been saying about Detroit and Camden? It is going to happen…Detroit is also a city that is made of 82 percent African-American residents and 52 percent women residents, with an annual median household income of $26,000. When witnessing this new business growth we must ask ourselves, is everyone able to participate? Can all have the opportunity to start a business and grow? Nationally, according to our database, minority entrepreneurs make up 15 percent of businesses and contribute $591 billion in revenue to the economy. Will Detroit capture and foster this growth?
http://www.entrepreneur.com/article/248844?ctp=BizDev&src=Syndication&msc=Feedly
- Big Data and Risk are a Match Made in Heaven
Tier one automotive supplier Borg Warner, for instance has developed a Supplier Performance Monitor using huge amounts of readily available data from its own SAP system plus third party data all fed through an artificial intelligence algorithm similar to Google’s search engine to stay ahead of problems. Rather than periodically assessing risk and paying for protection with working capital, Borg Warner constantly listens for tremors and responds before the problem gets out of hand.
http://www.forbes.com/sites/kevinomarah/2015/07/30/big-data-and-risk-are-a-match-made-in-heaven/ - Amazon CTO: ‘We Still Consider Ourselves a Startup’
It’s very important to realize today that with minimal investment you can start building applications. Five, ten years ago you would need millions [of dollars] in investment. It allows entrepreneurs to truly focus on new products without having to worry about the infrastructure, without having to get additional investment to buy hardware. And if you look at the big household names these days, Airbnb, Spotify, Instagram, Pinterest – all of these are born in the cloud. Without cloud, if you asked them, they would probably say they would not have been able to reach this scale at the speed they did, without it.
http://www.entrepreneur.com/article/248884?ctp=BizDev&src=Syndication&msc=Feedly
- Summer Break: Procurement’s Day in the Sun
Added Miller, “the demand for supplier transparency and high-quality, responsibly-sourced offerings has never been higher. Cost containment will always remain a key sourcing objective, but today, it’s equally important that a company can find and retain reliable and reputable sources of supply. How and where a product gets made can have far-reaching implications on an organization’s sales effectiveness and brand reputation.”
http://www.forbes.com/sites/paulmartyn/2015/07/28/summer-break-procurements-day-in-the-sun/
- Exploring Investment Drivers for Global Supply Chain Risk Management
a new concept is emerging: global supply chain risk management (SCRM). Quite often, the decisions to invest in SCRM are often driven more by the fear of negative press – and of course regulatory penalties – than the opportunity to make the supply chain more resilient and maintain top-line revenue and market share, even in the case of a supply chain upset.
http://spendmatters.com/2015/07/31/global-supply-chain-risk-management-investment-drivers/
Photo: Christian Joudrey