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Advantages of Hiring Supply Chain Network Design Consultants
Supply chain entails a lot of minute details to be taken care of, right from the manufacturing stage until the product gets delivered to the customer has to be taken care of. A small mistake or oversight can derail the project. Thus, the success of a business is largely dependent on an efficient and perfect supply chain and logistics systems. Businesses rely on companies that can help them gain a competitive edge over other players in the market with flawless supply chain services. Manual management of supply chain is not only tedious but also quite time consuming.
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Benefits of Hiring Supply Chain Services
When hiring a supply chain company, the business can look forward to enjoying benefits such as â
Technologically-advanced, high-end solutions that help manage end-to-end supply chain functions.
Making the most of the expertise of the supply chain network design consultants with the companies. They have in-depth understanding of relationship management, logistics, demand forecasting, inventory management, and risk mitigation.
Working with a high-end supply chain technology consulting firm also help reduce the cost of supply chain operations. They identify the areas that need improvement and provide robust technology that helps track operations proficiently and reduce the risk of wastage. Supply chain consulting companies help organizations increase their visibility to the supply chain operations which are data-driven and help take better decisions for the business. They help reduce the risk by implementing good strategies which ensure compliance and minimize the risk.
They provide solutions that ensure the smooth movement of goods or services and meet the end customer demands.Â
They understand the customer business continues to evolve hence, they provide improved solutions and support to meet future requirements.Â
For original post visit: https://reviewsdiscussion.com/advantages-of-hiring-supply-chain-network-design-consultants/
#Supply chain consulting companies#supply chain network design consultants#supply chain technology consulting
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NAV stands for Navigation (or to navigate). We steer our customers to success through the rough route of complex processes and IT landscapes.
We provide Process consulting and Solution development services, enabling clients to discover the benefits of SAPâs Digital Supply Chain Platforms and Microsoft Power Platform.
#it consulting services#sap consulting#technology consultant#management consulting#supply chain management consulting#Microsoft Power Platform#Supply Chain#SAP S/4HANA#SAP GTT#SAP S/4 Hana#Transportation Management Consulting Services#Business Network for Logistics
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#technology#techblog#customer experience#customer experience consulting company#digital transformation#blog#customer experience transformation company#cx#successive digital#ai#ai consulting#aistrategy#ai consulting company#generative ai#genai#supply chain management#supply chain#retail industry#trends#viral trends#market trends#business#industry#growth#successive.tech
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#technology#Enterprise Resource Planning (ERP)#ERP Solutions#Business Management Software#Integrated Business Applications#Supply Chain Management#Customer Relationship Management (CRM)#Financial Management Systems#Human Resources Management#Inventory Management Software#Manufacturing Resource Planning#Cloud ERP Solutions#On-Premise ERP Systems#ERP Implementation Services#ERP Consulting#ERP Software for Small Business#ERP Software for Manufacturing#ERP System Integration#ERP Software Development#ERP Customization Services#ERP Training and Support#technews#techcore
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Smarter Trucking: The Tech Transforming the Road Ahead
Trucking is evolving fast, thanks to some cutting-edge technology thatâs making life on the road a whole lot smarter. Letâs talk about how companies are using AI, machine learning, cloud computing, and the Internet of Things (IoT) to make everything from route optimization to driver behavior analysis and capacity utilization more efficient. First up, AI and machine learning. These technologiesâŚ
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#AI in trucking#business#capacity utilization#cargo optimization#cash flow management#cloud computing#connected vehicles#data-driven decisions#driver behavior#driver safety#fleet management#fleet performance#Freight#freight industry#Freight Revenue Consultants#fuel efficiency#IoT#logistics#logistics technology#machine learning#operational efficiency#predictive analytics#real-time data#Route Optimization#small carriers#smart trucking#supply chain efficiency#Telematics#Trucking#trucking analytics
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Optimizing Your Supply Chain Operations with Technology Consulting: A Strategic Approach
Explore the transformative power of technology consulting in streamlining and enhancing supply chain operations with this insightful article. Uncover strategic approaches to optimize efficiency, reduce costs, and boost overall performance. Delve into the intersection of cutting-edge technologies and supply chain management, gaining valuable insights to stay ahead in today's competitive business landscape. Visit the link to stay informed on the latest trends shaping the future of supply chain optimization.
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Itâs an open secret in fashion. Unsold inventory goes to the incinerator; excess handbags are slashed so they canât be resold; perfectly usable products are sent to the landfill to avoid discounts and flash sales. The European Union wants to put an end to these unsustainable practices. On Monday, [December 4, 2023], it banned the destruction of unsold textiles and footwear.
âIt is time to end the model of âtake, make, disposeâ that is so harmful to our planet, our health and our economy,â MEP Alessandra Moretti said in a statement. âBanning the destruction of unsold textiles and footwear will contribute to a shift in the way fast fashion manufacturers produce their goods.â
This comes as part of a broader push to tighten sustainable fashion legislation, with new policies around ecodesign, greenwashing and textile waste phasing in over the next few years. The ban on destroying unsold goods will be among the longer lead times: large businesses have two years to comply, and SMEs have been granted up to six years. Itâs not yet clear on whether the ban applies to companies headquartered in the EU, or any that operate there, as well as how this ban might impact regions outside of Europe.
For many, this is a welcome decision that indirectly tackles the controversial topics of overproduction and degrowth. Policymakers may not be directly telling brands to produce less, or placing limits on how many units they can make each year, but they are penalising those overproducing, which is a step in the right direction, says Eco-Age sustainability consultant Philippa Grogan. âThis has been a dirty secret of the fashion industry for so long. The ban wonât end overproduction on its own, but hopefully it will compel brands to be better organised, more responsible and less greedy.â
Clarifications to come
There are some kinks to iron out, says Scott Lipinski, CEO of Fashion Council Germany and the European Fashion Alliance (EFA). The EFA is calling on the EU to clarify what it means by both âunsold goodsâ and âdestructionâ. Unsold goods, to the EFA, mean they are fit for consumption or sale (excluding counterfeits, samples or prototypes)...
The question of what happens to these unsold goods if they are not destroyed is yet to be answered. âWill they be shipped around the world? Will they be reused as deadstock or shredded and downcycled? Will outlet stores have an abundance of stock to sell?â asks Grogan.
Large companies will also have to disclose how many unsold consumer products they discard each year and why, a rule the EU is hoping will curb overproduction and destruction...
Could this shift supply chains?
For Dio Kurazawa, founder of sustainable fashion consultancy The Bear Scouts, this is an opportunity for brands to increase supply chain agility and wean themselves off the wholesale model so many rely on. âThis is the time to get behind innovations like pre-order and on-demand manufacturing,â he says. âItâs a chance for brands to play with AI to understand the future of forecasting. Technology can help brands be more intentional with what they make, so they have less unsold goods in the first place.â
Grogan is equally optimistic about what this could mean for sustainable fashion in general. âItâs great to see that this is more ambitious than the EUâs original proposal and that it specifically calls out textiles. It demonstrates a willingness from policymakers to create a more robust system,â she says. âBanning the destruction of unsold goods might make brands rethink their production models and possibly better forecast their collections.â
One of the outstanding questions is over enforcement. Time and again, brands have used the lack of supply chain transparency in fashion as an excuse for bad behaviour. Part of the challenge with the EUâs new ban will be proving that brands are destroying unsold goods, not to mention how theyâre doing it and to what extent, says Kurazawa. âSomeone obviously knows what is happening and where, but will the EU?â"
-via British Vogue, December 7, 2023
#fashion#slow fashion#style#european union#eu#eu news#eu politics#sustainability#upcycle#reuse#reduce reuse recycle#ecofriendly#fashion brands#fashion trends#waste#sustainable fashion#sustainable living#eco friendly#good news#hope
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A connected supply chain is the key to todayâs successful product delivery. Cloud adoption to supply chain management puts a company at the forefront of todayâs competition.
#digital transformation#technology#tech#it consulting#it services#supplychainmanagement#cloud transformation#cloud adoption#supplychainsolutions#supply chain#supply chain software#software development#cloud computing
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https://www.techimply.com/blog/optimizing-your-supply-chain-operations-with-technology-consulting-a-strategic-approach
Optimizing Your Supply Chain Operations with Technology Consulting: A Strategic Approach
Learn how to optimize your supply chain operations with technology consulting in this insightful blog. Discover the strategic approach to leveraging technology solutions for streamlining processes, enhancing visibility, and improving efficiency in your supply chain. Explore the benefits of technology consulting and how it can help your business stay competitive in a rapidly changing market.
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If the past five years of EU tech rules could take human form, they would embody Thierry Breton. The bombastic commissioner, with his swoop of white hair, became the public face of Brusselsâ irritation with American tech giants, touring Silicon Valley last summer to personally remind the industry of looming regulatory deadlines.
Combative and outspoken, Breton warned that Apple had spent too long âsqueezingâ other companies out of the market. In a case against TikTok, he emphasized, âour children are not guinea pigs for social media.â
His confrontational attitude to the CEOs themselves was visible in his posts on X. In the lead-up to Muskâs interview with Donald Trump, Breton posted a vague but threatening letter on his account reminding Musk there would be consequences if he used his platform to amplify âharmful content.â Last year, he published a photo with Mark Zuckerberg, declaring a new EU motto of âmove fast to fix thingsââa jibe at the notorious early Facebook slogan. And in a 2023 meeting with Google CEO Sundar Pichai, Breton reportedly got him to agree to an âAI pactâ on the spot, before tweeting the agreement, making it difficult for Pichai to back out.
Yet in this weekâs reshuffle of top EU jobs, Breton resignedâa decision he alleged was due to backroom dealing between EU Commission president Ursula von der Leyen and French president Emmanuel Macron.
âI'm sure [the tech giants are] happy Mr. Breton will go, because he understood you have to hit shareholdersâ pockets when it comes to fines,â says Umberto Gambini, a former adviser at the EU Parliament and now a partner at consultancy Forward Global.
Breton is to be effectively replaced by the Finnish politician Henna Virkkunen, from the center-right EPP Group, who has previously worked on the Digital Services Act.
âHer style will surely be less brutal and maybe less visible on X than Breton,â says Gambini. âIt could be an opportunity to restart and reboot the relations.â
Little is known about Virkkunenâs attitude to Big Techâs role in Europeâs economy. But her role has been reshaped to fit von der Leyenâs priorities for her next five-year term. While Breton was the commissioner for the internal market, Virkkunen will work with the same team but operate under the upgraded title of executive vice president for tech sovereignty, security and democracy, meaning she reports directly to von der Leyen.
The 27 commissioners, who form von der Leyenâs new team and are each tasked with a different area of focus, still have to be approved by the European Parliamentâa process that could take weeks.
â[Previously], it was very, very clear that the commission was ambitious when it came to thinking about and proposing new legislation to counter all these different threats that they had perceived, especially those posed by big technology platforms,â says Mathias Vermeulen, public policy director at Brussels-based consultancy AWO. âThat is not a political priority anymore, in the sense that legislation has been adopted and now has to be enforced.â
Instead Virkkunenâs title implies the focus has shifted to technologyâs role in European security and the blocâs dependency on other countries for critical technologies like chips. âThere's this realization that you now need somebody who can really connect the dots between geopolitics, security policy, industrial policy, and then the enforcement of all the digital laws,â he adds. Earlier in September, a much anticipated report by economist and former Italian prime minister Mario Draghi warned that Europe would risk becoming âvulnerable to coercionâ on the world stage if it did not jump-start growth. âWe must have more secure supply chains for critical raw materials and technologies,â he said.
Breton is not the only prolific Big Tech adversary to be replaced this weekâin a planned exit. Gone, too, is Margrethe Vestager, who had garnered a reputation as one of the worldâs most powerful antitrust regulators after 10 years in the post. Last week, Vestager celebrated a victory in a case forcing Apple to pay $14.4 billion in back taxes to Ireland, a case once referred to by Apple CEO Tim Cook as âtotal political crapâ.
Vestagerâwho vied with Breton for the reputation of lead digital enforcer (technically she was his superior)âwill now be replaced by the Spanish socialist Teresa Ribera, whose role will encompass competition as well as Europeâs green transition. Her official title will be executive vice-president-designate for a clean, just and competitive transition, making it likely Big Tech will slip down the list of priorities. â[Riberaâs] most immediate political priority is really about setting up this clean industrial deal,â says Vermuelen.
Political priorities might be shifting, but the frenzy of new rules introduced over the past five years will still need to be enforced. There is an ongoing legal battle over Googleâs $1.7 billion antitrust fine. Apple, Google, and Meta are under investigation for breaches of the Digital Markets Act. Under the Digital Services Act, TikTok, Meta, AliExpress, as well as Elon Muskâs X are also subject to probes. âIt is too soon for Elon Musk to breathe a sigh of relief,â says J. Scott Marcus, senior fellow at think tank Bruegel. He claims that Musk's alleged practices at X are likely to run afoul of the Digital Services Act (DSA) no matter who the commissioner is.
âThe tone of the confrontation might become a bit more civil, but the issues are unlikely to go away.â
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Do we know anything about the historical context that allowed Venice to come up with something like the Arsenal? Most accounts kind of treat it as this de Novo idea to mass produce ships, but I feel like history never actually works like that, and Carthaginians were doing that 1,500 years earlier. Were there trends going on elsewhere in Europe and the Mediterranean world that contributed to this industrial breakthrough? Do we know anything about the specific administrators who had to plan this seeming quantum leap in production out? Did a bunch of folks immediately see what the Venetians were doing and copy it? If not, why?
I'm going to take a slightly broader take on this question: the assembly line is not an invention, it's a discovery. So it's not about who did it first, because you have lots of cases of independent discoveries happening in wildly disparate times and places.
I remember quite vividly a talk given by Professor Anthony Barbieri-Low when he first arrived at UCSB, where he argued that the assembly line was first discovered in China...during the Bronze Age. As early as the Shang and Zhou dynasties around 1000 BCE, we have evidence of assembly line techniques being used in the production of bronze and pottery, because the pieces were inscribed on the bottom with indications of which worker did which parts of the process and which quality inspector signed off on the piece as good enough for sale - so that if the thing broke, officials could figure out exactly who to blame for shoddy work.
So it's not that Venice was the first to ever adopt the idea of assembly line manufacture of ships, but rather that they did it more consistently and devoted more resources to it than anyone else, and iteratively improved on the techniques to get production times down to a single day per galley.
The Arsenal of Venice was an enormous complex, roughly 15% of Venice's landmass, surrounded by a two-mile long defensive wall, and employing some 16,000 people. In addition to standardized pre-fabricated parts, the Arsenal also emphasized division of labor with workshops devoted to producing everything a warship might need in-house - rope, rigging, masts, planking, sails, nails, guns, etc. Organizing these supply chains, what we might call vertical integration, was an incredible logistical feat in and of itself.
In terms of technology, the Arsenal pioneered frame-first (as opposed to hull-first) construction, a moving assembly line whereby galleys were floated down a canal to different stages of the production process, new forms of firearms, and new kinds of ships llike the galleass and galleon. Galileo was a major consultant to the Arsenal at the height of its power.
In addition to the technical advancements, all of this required a lot of money - roughly 10% of the Republic's entire budget - and what made Venice truly unique was its ability to devote those kind of resources on a regular basis at a time when even powerful empires like the Ottomans and the Spanish were still using the yo-yoing methods of medieval fleet construction.
#history#economic history#ancient history#renaissance history#arsenal of venice#galley#ships#medieval navy#royal navies#royal fleets#military history#naval warfare
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Sam Delgado at Vox:
Over the last century, people have started demanding more from the businesses where they shop. Whether it be a pair of jeans or the food on their plates, consumers want to know that what theyâre buying isnât just good quality but also ethically and sustainably made. In the early 20th century, groups like the National Consumers League and the now-defunct League of Women Shoppers organized consumers to take advantage of their power in an effort to improve labor protections and the rights of workers in the United States. Today, ethically minded consumers are also motivated by climate change and animal rights, as the consequences of our overconsumption have become clearer.
Fast-forward 90 years and the global marketplace has become exponentially more complex. Globalization has remade how and where corporations make products. If it was difficult for activists at the turn of the 20th century to identify ethically made products, the challenge to the modern consumer is even greater. You might think regulations or legislation could compel companies to produce more ethically made goods. But ultimately, no one government is responsible for a supply chain that crosses borders and oceans. In a globalized economy, nobody is in charge. So âcorporate social responsibilityâ â or the idea that companies can hold themselves accountable â emerged, responding to this consumer demand. In practice, corporate social responsibility can look like companies donating to charities every year, committing to net-zero emissions by a certain date, or focusing on labor practices. To prove theyâre doing this work, companies will partner with nonprofits or hire third-party consultants to audit their supply chains, and then measure and report their progress in annual reports, press releases, and on their websites.
[...] Corporate social responsibility went mainstream during the new wave of globalization and the growth of multinational corporations that followed in the second half of the 20th century. As these businesses expanded their reach and production speed, they sought to cut their costs by contracting cheaper labor in other countries with weak worker protections. This idea of outsourcing wasnât necessarily new. Businesses in the US already had a history of moving to Southern states where they knew corporate regulation was more relaxed and labor would be less expensive, made possible by the racist legacy of slavery and Jim Crow laws. A century later, new technology â particularly the internet â made it even easier for companies to scale up and outsource their operations. By moving overseas, companies could obscure unsafe working conditions from American consumers, who mightâve known very little about how their products were being made.
But public awareness of the costs of globalization started to grow in the early 1990s, thanks to stories and reports from human rights organizations and newsrooms that laid out the abysmal working conditions and standards of major brands, often in their factories overseas. Nike, the worldâs biggest shoe seller, faced backlash after multiple stories came out about grueling conditions and the use of child labor in its contracted factories, sparking boycotts and protests against Nike from consumers and activists alike. Businesses saw how consumers could rise against them if they werenât careful about what went on in their supply chains, leading to more companies developing their own voluntary corporate social responsibility initiatives to address their environmental and social impacts.
Today, corporate social responsibility programs are widespread. They often refer to commitments a company makes toward a particular area of social impact, like diversity, ethical sourcing, or the environment. It usually looks like this: A company will set goals around one or more of these areas, assess its progress, and then publish its results. To legitimize these programs, companies will hire social auditing firms, seek certifications from multi-stakeholder initiatives (MSIs) like the Fair Labor Association or Fair Trade to show they meet certain standards, or develop codes of conduct around labor and human rights. Such programs matter to consumers, and theyâre willing to pay more for sustainably made products â and hey, if something is good for both the world and for business, whatâs the harm?
Corporate social responsibility in practice
Corporate social responsibility is everywhere today, driven by consumer demand and a growing socially conscious workforce. One 2023 study found that over 80 percent of companies are increasing their budgets for sustainability initiatives. Chief sustainability officers are now common, and more companies are disclosing the exact factories their products are made in and the reported conditions. But itâs hard to know how honest or effective these programs really are at protecting labor and the environment. Part of the issue is theyâre voluntary. While companies must comply with local, federal, and international laws, thatâs the end of their legal obligations. Beyond that, thereâs no requirement for corporate social responsibility programs to show their methodology or metrics for calculating their progress and no obligation to release all results from a social audit. A company can change its corporate social responsibility programs at any point, or drop them entirely. [...]
The rise of worker-driven social responsibility
Around the same time that corporate social responsibility was taking off in the 1990s, a group of farmworkers in a rural Florida town called Immokalee had a meeting that would challenge the status quo, from the bottom of the supply chain all the way to the top. The farmworkers were Mexican, Guatemalan, and Haitian migrants, and they harvested buckets of tomatoes in grueling conditions for as long as 12 hours a day, receiving poverty wages for providing crucial produce to US grocery stores and restaurants. The fields they worked in were rife with verbal and physical abuse, sexual harassment, wage theft, and, in the worst cases, involuntary servitude. Tired of the exploitation they encountered in the fields, the Immokalee farmworkers discussed how they could really change the way things were done. This 1993 meeting marked the beginning of the Coalition of Immokalee Workers (CIW) and, later on, the first ever worker-driven social responsibility program. Lucas Benitez, one of the founders of the CIW, told me that, at first, the farmworkers thought their employers, the tomato growers, had all the power. âThen we came to see and recognize what was essentially an invisible hand that was putting that pressure further and further down on the supply chain,â Benitez said via an interpreter. âThat started at the top, because itâs those retailers that fundamentally dictate to growers the conditions under which that food is being produced. And so thatâs really where the power lay, and so thatâs where we turned.â In 2001, the CIW set its sights on Taco Bell and called for a boycott over the reportedly abysmal conditions in its tomato supply chain. Four years later, Taco Bell signed an agreement that included vital demands from the CIW: Taco Bell would pay a premium for its tomatoes that would go directly to workersâ paychecks, it would only buy from growers who met the code of conduct that protected workers, and this would be monitored and enforced by an investigative body with help from the CIW. It was all backed by a legally binding contract. A binding contract is crucial to worker-driven social responsibility, a sharp contrast to those toothless corporate social responsibility initiatives.
Vox takes a look at the worker-driven social responsibility trend.
#Economy#Labor#Diversity#Corporate Social Responsibility#Worker Driven Social Responsibility#Workers' Rights
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Strange Chinese trade-war recommendations at US Congress
COMPREHENSIVE LIST OF THE COMMISSIONâS 2024 RECOMMENDATIONS Part II: Technology and Consumer Product Opportunities and Risks Chapter 3: U.S.-China Competition in Emerging Technologies The Commission recommends:
Congress establish and fund a Manhattan Project-like program dedicated to racing to and acquiring an Artificial General Intelligence (AGI) capability. AGI is generally defined as systems that are as good as or better than human capabilities across all cognitive domains and would surpass the sharpest human minds at every task. Among the specific actions the Commission recommends for Congress:
Provide broad multiyear contracting authority to the executive branch and associated funding for leading artificial intelligence, cloud, and data center companies and others to advance the stated policy at a pace and scale consistent with the goal of U.S. AGI leadership; and
Direct the U.S. secretary of defense to provide a Defense Priorities and Allocations System âDX Ratingâ to items in the artificial intelligence ecosystem to ensure this project receives national priority.
Congress consider legislation to:
Require prior approval and ongoing oversight of Chinese involvement in biotechnology companies engaged in operations in the United States, including research or other related transactions. Such approval and oversight operations shall be conducted by the U.S. Department of Health and Human Services in consultation with other appropriate governmental entities. In identifying the involvement of Chinese entities or interests in the U.S. biotechnology sector, Congress should include firms and persons: â Engaged in genomic research; â Evaluating and/or reporting on genetic data, including for medical or therapeutic purposes or ancestral documentation; â Participating in pharmaceutical development; â Involved with U.S. colleges and universities; and â Involved with federal, state, or local governments or agen cies and departments.
Support significant Federal Government investments in biotechnology in the United States and with U.S. entities at every level of the technology development cycle and supply chain, from basic research through product development and market deployment, including investments in intermediate services capacity and equipment manufacturing capacity.
To protect U.S. economic and national security interests, Congress consider legislation to restrict or ban the importation of certain technologies and services controlled by Chinese entities, including:
Autonomous humanoid robots with advanced capabilities of (i) dexterity, (ii) locomotion, and (iii) intelligence; and
Energy infrastructure products that involve remote servicing, maintenance, or monitoring capabilities, such as load balancing and other batteries supporting the electrical grid, batteries used as backup systems for industrial facilities and/ or critical infrastructure, and transformers and associated equipment.
Congress encourage the Administrationâs ongoing rulemaking efforts regarding âconnected vehiclesâ to cover industrial machinery, Internet of Things devices, appliances, and other connected devices produced by Chinese entities or including Chinese technologies that can be accessed, serviced, maintained, or updated remotely or through physical updates.
Congress enact legislation prohibiting granting seats on boards of directors and information rights to China-based investors in strategic technology sectors. Allowing foreign investors to hold seats and observer seats on the boards of U.S. technology start-ups provides them with sensitive strategic information, which could be leveraged to gain competitive advantages. Prohibiting this practice would protect intellectual property and ensure that U.S. technological advances are not compromised. It would also reduce the risk of corporate espionage, safeguarding Americaâs leadership in emerging technologies.
Congress establish that:
The U.S. government will unilaterally or with key interna- tional partners seek to vertically integrate in the develop- ment and commercialization of quantum technology.
Federal Government investments in quantum technology support every level of the technology development cycle and supply chain from basic research through product development and market deployment, including investments in intermediate services capacity.
The Office of Science and Technology Policy, in consultation with appropriate agencies and experts, develop a Quantum Technology Supply Chain Roadmap to ensure that the United States coordinates outbound investment, U.S. critical supply chain assessments, the activities of the Committee on Foreign Investment in the United States (CFIUS), and federally supported research activities to ensure that the United States, along with key allies and partners, will lead in this critical technology and not advance Chinese capabilities and development....
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The Future of Mining: Sustainability and Ethical Sourcing
The mining industry is undergoing a profound transformation. As the global demand for raw materials like lithium, cobalt, and rare earth elements surges, driven by renewable energy technologies and electric vehicles, the emphasis on sustainability and ethical sourcing has never been more crucial. This shift is not just a moral imperative but a business necessity, with stakeholders demanding transparency and responsibility throughout the supply chain.
The Push for Sustainability in Mining
Mining has long been associated with significant environmental challenges, including habitat destruction, water contamination, and carbon emissions. However, modern technologies and innovative practices are paving the way for greener operations.
Renewable Energy Integration: Mining companies are increasingly adopting renewable energy sources such as solar and wind to power their operations. For instance, some mines in Chile and Australia now operate entirely on renewable energy, reducing their carbon footprint and operational costs.
Circular Economy Practices: Recycling metals from electronic waste and repurposing mining byproducts are becoming more common. These initiatives not only reduce the need for virgin material extraction but also address the issue of mining waste.
Water Management Innovations: Water is a critical resource in mining, often used in large quantities for processing minerals. Companies are investing in technologies to recycle water and reduce consumption, ensuring minimal impact on local communities and ecosystems.
Ethical Sourcing: A Growing Priority
Consumers and businesses alike are increasingly prioritizing ethically sourced materials. This trend has put pressure on the mining industry to ensure fair labor practices, community welfare, and environmental stewardship.
Fair Labor Practices: Reports of child labor and unsafe working conditions in some mining regions have raised global concerns. Ethical sourcing requires adherence to international labor standards and active monitoring of supply chains to prevent exploitation.
Community Engagement: Mining operations often disrupt local communities. Ethical sourcing involves consulting with and compensating affected populations, ensuring that mining benefits are shared equitably. Initiatives such as community-driven mining agreements are fostering collaboration and trust.
Transparency and Certification: Organizations like the Responsible Mining Initiative and Fairmined Certification are helping companies demonstrate their commitment to ethical practices. Blockchain technology is also being used to trace materials from mine to market, providing verifiable proof of ethical sourcing.
The Role of Innovation
Innovation is a cornerstone of the mining industryâs sustainable future. From automation and artificial intelligence to reduce waste and increase efficiency, to biotechnologies that use microbes to extract metals in a less invasive manner, the possibilities are vast. Additionally, partnerships with tech companies are helping mining firms harness data for better decision-making and improved sustainability outcomes.
Challenges and Opportunities Ahead
Despite these advancements, the path to sustainability and ethical sourcing in mining is not without challenges. High implementation costs, lack of regulatory frameworks in some regions, and the complexity of global supply chains are significant hurdles. However, these challenges also present opportunities for collaboration between governments, NGOs, and the private sector.
Conclusion
The future of mining lies at the intersection of sustainability and ethical sourcing. As the world transitions to a greener economy, the mining industry has a pivotal role in ensuring that the materials powering this change are sourced responsibly. By embracing innovation, transparency, and community collaboration, the mining sector can pave the way for a more ethical and sustainable future.
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#Enterprise Resource Planning (ERP)#ERP Solutions#Business Management Software#Integrated Business Applications#Supply Chain Management#Customer Relationship Management (CRM)#Financial Management Systems#Human Resources Management#Inventory Management Software#Manufacturing Resource Planning#Cloud ERP Solutions#On-Premise ERP Systems#ERP Implementation Services#ERP Consulting#ERP Software for Small Business#ERP Software for Manufacturing#ERP System Integration#ERP Software Development#ERP Customization Services#ERP Training and Support#technology
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Return of the Small Fleet Truckers
RENEE WILLIAMS, PresidentFreightRevCon, a Freight Revenue Consultants, LLC. company Importance of Small Carriers and Owner-Operators Small carriers and owner-operators form the backbone of the U.S. transportation industry: Very small carriers (1-6 tractors) account for 86% of total U.S. carriers Small carriers (7-19 tractors) make up another 9% Together, these fleets provide over 30% of theâŚ
#American Trucking Associations#budgeting#business#cash flow#cash flow management#finance#financial management#fleet management#Freight#freight industry#Freight Revenue Consultants#legal requirements#logistics#long-haul truckers#operational efficiency#outsourcing#road safety#small carriers#small-business#supply chain#Supply Chain Management#technology#Transportation#truck drivers#truck parking#Trucking#Trucking business#trucking industry#women in trucking
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