How Bayer monitors complex ocean shipments to avoid supply-chain disruptions [Business Insider]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: Business Insider
With FourKites' AI-powered tracking systems, Bayer improved its ocean-shipment prediction quality by 48%. This article is part of " The Future of Supply-Chain Management ," a series on companies' manufacturing and distribution strategies. When the Francis Scott Key Bridge collapsed in Baltimore earlier this year, Bayer quickly received an alert that 168 of its shipments would be affected by the disruption in the port. In March 2020, the German pharmaceutical and agricultural producer began working with FourKites , a supply-chain-intelligence platform that tracks shipments and provides real-time visibility for when goods will be delivered to ports, warehouses, manufacturing facilities, and stores. As the COVID-19 pandemic unfolded and upended the international supply chain, the benefits of Bayer's partnership with FourKites became evident. "Everything is about expectations," Johnny Ivanyi, the global head of logistics for Bayer Crop Science, told Business Insider. "Even
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KHC
Earnings
- 5/1/24 - Beat
KHC
Sec Filings
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- KHC's page on the SEC website