**United States**: Major US supermarkets are slashing prices to compete, but rising tariffs on imported materials and squeezed supplier margins threaten product quality, availability, and the sector’s long-term sustainability amid inflation and international pressures. As the competitive landscape of grocery retail in the United States…
**United States**: Walmart unveils its Grow with US programme to provide training, mentorship, and financial resources for American small businesses, aiming to strengthen domestic supply chains and create up to 750,000 jobs by 2030 with an additional $350 billion investment. Walmart has announced a significant…
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Achilles expands AI capabilities with InfoControl acquisition to enhance global supply chain management
**London**: Achilles has acquired Latin American AI firm InfoControl to boost contractor management and data analytics, advancing ethical AI use in global supply chains and supporting compliance with regulations like CSRD and LkSG. Achilles, a prominent player in supply chain risk and performance management, has announced its acquisition of InfoControl,…
**Global:** Business and risk leaders are encouraged to centralise third-party risk management across organisational siloes and invest in AI readiness. EY highlights that appointing risk stewards, improving data governance, and challenging existing assumptions are key steps to harness AI’s transformative potential and prepare for future…
**Austin, Texas:** Logistics in the US handles 20 billion parcels in 2024 but faces delays from legacy systems. Ashwin Chavan’s NES platform, using cloud-native microservices and Apache Kafka, slashes processing times from hours to seconds, reducing sorter downtime by 40% and boosting industry efficiency amid rising parcel demand. In a…
**London**: Blue Yonder has acquired UK-based Pledge Earth Technologies, integrating its CO2e emissions reporting to enhance supply chain sustainability solutions. This move offers global enterprises better emissions tracking compliant with GLEC and ISO standards, improving transparency and accountability in logistics operations worldwide. Blue Yonder Acquires…
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View AllMeta AI’s ReasonIR-8B sets new standard for efficient retrieval in complex reasoning tasks
**London**: Meta AI has unveiled ReasonIR-8B, a retrieval model built on LLaMA3.1-8B that excels at complex, multi-step reasoning queries. It achieves superior benchmark scores with far lower computational costs, enhancing retrieval-augmented generation and promising advancements in scalable AI systems. Meta AI has introduced a novel retrieval model named ReasonIR-8B, specifically…
**Australia**: Australian small and medium businesses often struggle with lengthy, jargon-filled contracts. New AI tools like Adobe’s Acrobat AI Assistant offer simplified summaries and comparisons, helping SMEs better understand contract terms and deadlines while bridging the gap left by limited legal resources. Businesses of all…