Relevance of Supply Chain Management In 2021, the MV Ever Given, a container ship was passing through the Suez Canal, a narrow yet integral passage that is essentially the bloodline of global trade. Just to put this into perception, ships that pass through the canal carry $10 billion in goods on a daily basis. The ship faced certain complications and got stuck blocking the entire canal. This lasted for nearly a week, while the ship was stuck with an entire fleet of other cargo ships queueing up behind to pass through it, the impact of this was felt globally as prices of basic yet essential commodities rose. Fuel prices in the USA also shot up as containers could not get through the canal. This entire crisis just showed how important supply chain management is. What are we talking about? Supply chain management is the management of the flow of goods and services, from raw materials to final products. Looking at the global supply chain today, water transport is of paramount importance as there are essentially no roadways or railways if you were to transport goods or raw materials from Asia to Europe. Let us understand how the supply chain works, there are essentially five elements that form it. 1.    Planning: It involves planning and managing all the resources that a firm anticipates it will need to meet the demands for its product/service. Apart from this, when the supply chain is established, the firm will also need to determine if it is efficient, sustainable in the long run, and if it delivers value to customers and meets the goals of the firm. 2.    Sourcing: It involves choosing the right suppliers, transportation agencies, and other essential services that the firm needs to convert raw materials into finished products and then onto the markets. It includes some key processes such as ordering, receiving, managing inventory, and authorizing supplier payments. 3.    Manufacturing: As the name suggests, it basically involves converting the raw materials to finished products and then testing the quality, packaging and schedule the delivery. 4.    Delivery & Logistics: Once the finished product is ready, the firm needs to ensure that they reach the intended customer base. 5.    Returns: There has to be a network to make sure that in the event of a product turning out as defective, the customer can easily be able to return the products. Why is it so important? Business is all about minimizing your costs and maximizing your profits, with a sound supply chain management system not only can you save on production costs, but you can also reduce the production time involved. Take oil for instance, it is a commodity that needs to be replaced almost instantly as fuel is essential for any economy, developing or developed to function efficiently. Imagine if OPEC decides to hold out and not export oil for just a day or two, the impact of that will be felt globally, fuel prices will shoot up through the roof. There has also been another major shortage felt across the tech world in the last 2 years, the semiconductor shortage, the chips that power your phones, desktops, and even electric cars, there is a serious shortage in them. This was due to the COVID pandemic, as factories in Taiwan and South Korea had shut down, the two major chip manufacturers, TSMC and Samsung had to shut their factories down or work at reduced capacity. As a result of this, Samsung, Xiaomi, Apple, and even carmakers such as Tesla and TATA have had to reduce production due to the shortage of chips. The latest iPhone 13 Series, even though customers want to buy it, they are unable to, why is that so? Because most of the reputed distributors of Apple across India are unable to restock effectively, as their supply has been impacted due to this. As more and more managers are understanding this, it is no surprise that supply chain management was one of the most popular courses of 2021. How can the supply chain be made more efficient? The best way to ensure that there is a sound supply chain in place is to efficiently plan it out, a plan has to be dynamic. It needs to be changed and able to adapt to the global conditions as and when they occur. The latest technologies can go a long way in aiding this. Artificial intelligence and IoT can maximize the efficiency and performance of any supply network. Despite all the technology, human brains will always reign supreme. Make an effort to understand how the supply chain works on a global stage as well as on a regional stage. If you understand it, then you are more likely to be able to get around it. It never hurts to gain some more knowledge!

Multi designer stores The concept of multi-designer stores was initiated to embrace Indian designers, our heritage, our culture! The Indian fashion industry has always been Rich, Unique and versatile, it has managed to become a popular fashion hub for various global brands. It offers variety and provides a luxurious experience to the consumers, connects the designer to the consumer and transforms itself according to the perspective of the consumer. The idea also germinates from observing the struggles of finding the perfect outfit across the city. Multi-designer stores bring the most extraordinary pieces of the best designers under one roof. Lovely hand-picked, showcase chic and avant-garde focusing on the masterpieces of several designers, as today’s generation settles for nothing lesser than the best! It also addresses a significant gap in the market between high-street and premium fashion. Over the years, working with such a great amount of passion, dedication and enthusiasm the designers have conveyed to us, an understanding of the talent that exists in every corner of our country and how much impact this amazing concept can create upon their industry.

  Helping Cars See Dangers That Humans Can’t Imagine this. You are driving through a dark tunnel on a stormy night with the glare from rain and headlights making it difficult to see. What if your car could see for you and detect a motorcyclist who’s waiting out the rain on the side of the road in the tunnel? Well, the good news is that the mobility tech company, Magna, is the first company to design a digital radar technology that can do just that.ICON Radar offers drivers an added layer of safety and security on the road. Your car might already have sensors that flash in your rearview mirror when a car is in your blind spot, or that beep when someone passes behind you in a parking lot. ICON Radar takes this kind of vehicle-sensing technology to a whole new level. It can scan a car’s environment 50 times faster than the blink of a human eye. And because it’s digital, the signal is sure to be strong and reliable — such as cell phones when they shifted from using analog signals to digital ones.A vehicle with ICON Radar can actually scan the environment around your vehicle in four dimensions: distance, height, depth and speed. That helps it see objects such as a shredded tire on the road ahead of you, or that motorcyclist hiding from the rain in that dark tunnel. When obstacles are detected, drivers get an alert so they can take evasive action and safely steer clear of the danger.This technology can detect an object just 12 inches high from 164 feet away, a pedestrian more than a football field length down the road and another car ahead of you from more than three football fields away.It can also separate objects and detect if a person or bicyclist is next to a guardrail or a motorcycle in between two semi-trucks.We can all use some help staying safe on the roads. Magna is bringing new technology to the road to do just that as we head down the path toward full autonomy.

  Data Science: The Smart Technology You Don’t See Data and analytics touch our lives every day. Sometimes, it is in ways you see, such as when you log on to a video call, pay for your bus ticket or order your latte using your phone. Or view spending trends on your bank account using an app or website. Data analytics are also at work in ways you don’t see — ways that make your life easier, safer, more convenient, and more fun — especially when it comes to getting where you want to go. Indeed, data analytics are working tirelessly behind the scenes to help you reduce your travel time, make getting from point A to point B easier, manage traffic congestion, and create safer and more accessible ways to use public transit.When you’re waiting to catch the bus to work, your phone app may tell you whether your ride is on schedule — and exactly how many minutes until the next buses arrive at your stop. Did you ever wonder how the apps know all this? When you visit a new city, do you use apps to figure out how to get from one landmark to the next — or your lunch stop along the way? Data analytics and smart apps make all this possible. Similarly, when winter weather hits and roads need to be cleared, data and analytics can help cities send extra drivers to harder hit areas needing to be cleared using real-time data, so you know when your street will be plowed.And it’s not all about logistics. Smart technology helps improve many aspects of your daily life: your job, school, community center, parks, and all kinds of entertainment. Check out these examples of the hidden technology from EastBanc Technologies that facilitates daily tasks and activities — making your life just a bit easier.TRANSITiQ: People want to have a clear view of all available travel options and predicted travel time, and cities want to increase accessibility and use of public transit. With TRANSITiQ and the power of data, users can see stations, routes, service alerts and even enable location-based push notifications. Notably, TRANSITiQ technology enables accurate prediction of arrival times to stops along transit routes. And by integrating Bluetooth Beacons, cities can help visually impaired users to safely navigate the transportation system. TRANSITiQ also gathers crucial business intelligence for municipalities, including performance reports and other relevant statistics.CABiQ: Trying to hail a cab during rush hour, or after that night out, can be really frustrating. But with phone apps and other new smart tools at their disposal, operators and drivers can pinpoint hotspots and easily determine where and when to place their cars — thus optimizing services and helping passengers find their rides quicker. These tools leverage CABiQ technology to analyze historical and near-real-time data about vehicle locations and ride demand, enabling them to map underserved areas as well as popular destinations and pickup points. CABiQ not only benefits cab drivers and their customers; it also provides crucial information to cities to help them with regulation of local taxi services: A central feature of CABiQ is the ability to gather and report timely and accurate information about every trip to the municipality for analysis and enforcement.SNOWiQ: Today’s unpredictable, and often extreme, winter weather demands a rapid response from busy cities whose residents expect roads to be plowed quickly and efficiently. Simply put, cities need to minimize the impact of inclement weather on daily commutes and doings. We’ve seen how Uber and Lyft have changed ride sharing. What if it were possible for cities to also be responsive to peak times and use contractors to shore up their fleet? With SNOWiQ, cities can optimize snow removal to reduce truck idling time and save money — and residents can know which routes have been cleared, which ones are next on the schedule, and when it’s safe to travel again.FoodTruckIQ: Food trucks are all the rage. And for good reason. Many of the morsels concocted by these mobile eateries are innovative and positively delectable. So, when you hanker for your favorite food truck fare, how do you find it when its location moves? An app, of course. Behind the scenes, tech is working hard to help you make it easy to find your next lunch — whether it’s trekking cross-town to devour your favorite burrito or seeing what new trucks are parked by your work today. Tech can even help cities avoid turf wars that can happen over prime locations. How do such food truck apps come to be?Food truck vendors submit logistical information to data scientists, who analyze the information and then share the processed data with developers who build and manage the apps. FoodTruckIQ is the brains behind your next mobile meal.So the next time you head out to meet a friend at your favorite food truck, need to hail a cab or jump on a city bus, or need a plow to clear your snow-blanketed street, rest assured that data analytics will help make it happen. Smart technology is already everywhere, making daily life just a little bit more enjoyable.

  Buy Bitcoin with Cash at Your Local Market Have you ever thought about what it might be like to relive the best moments of your life, and be able to share them with others? Maybe it’s the dance floor at your wedding. Or the birth of your child or his or her first birthday. Maybe it’s that touchdown that led your team to victory in the last seconds of a game. With today’s mobile virtual reality technology, it’s possible to create virtual memories and it has never been easier to get started.According to Wikipedia, Virtual reality (VR) is a simulated experience that can be similar to or completely different from the real world. Applications of virtual reality include entertainment (e.g. video games), education (e.g. medical or military training) and business (e.g. virtual meetings). Other distinct types of VR-style technology include augmented reality and mixed reality, sometimes referred to as extended reality or XRThere are many creators and innovators in camera technology, who have developed user-friendly, dual cameras that combines 360-degree photography with immersive 3-D Virtual Reality (VR), all in one simple-to-use solution that costs about the same as a decent DSLR camera.“360-degree pictures and video continue to change how we use cameras to capture the world around us,” says a media expert. “And the global adoption of VR headsets, combined with 3-D cameras, is providing even more ways to create virtual content and virtual memories.”

VR Camera Creates Immersive Experience Have you ever thought about what it might be like to relive the best moments of your life, and be able to share them with others? Maybe it’s the dance floor at your wedding. Or the birth of your child or his or her first birthday. Maybe it’s that touchdown that led your team to victory in the last seconds of a game. With today’s mobile virtual reality technology, it’s possible to create virtual memories and it has never been easier to get started. According to Wikipedia, Virtual reality (VR) is a simulated experience that can be similar to or completely different from the real world. Applications of virtual reality include entertainment (e.g. video games), education (e.g. medical or military training) and business (e.g. virtual meetings). Other distinct types of VR-style technology include augmented reality and mixed reality, sometimes referred to as extended reality or XR There are many creators and innovators in camera technology, who have developed user-friendly, dual cameras that combines 360-degree photography with immersive 3-D Virtual Reality (VR), all in one simple-to-use solution that costs about the same as a decent DSLR camera. “360-degree pictures and video continue to change how we use cameras to capture the world around us,” says a media expert. “And the global adoption of VR headsets, combined with 3-D cameras, is providing even more ways to create virtual content and virtual memories.”