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Twice the Council of Supply Chain Management Professionals has formally recognized him: the Doctoral Dissertation Award in 1996 and the Distinguished Service Award in 2016. Chris was named the Silver Family Research Fellow in 2016. The MicroMasters is an advanced, professional, graduate-level foundation in Supply Chain Management.
We have already covered the top 6 trends for 2016 in manufacturing. 2016 Supply Chain Trends: The First 7 of 12. 2016 Supply Chain Trends: The First 7 of 12. Today we will begin our two part series covering the 2016 supply chain trends we expect to see come to fruition in the next year.
At the onset of 2016, we identified key trends to watch for in manufacturing, and as the year draws to a close, it’s time for an evaluation of our predictions to discover the state of manufacturing. Since e-commerce can be best analyzed by reviewing Cyber Monday 2016, consider the record-breaking sales achieved.
As noted by Joseph Evangelist of Fleet Owner, asset utilization among carriers sat at an average of 50% in 2016. And of course, it hinges on the ability to understand and maintain consistency in your metrics. . Capture and analyze data inside and outside of your network to benchmark performance. Download the White Paper.
In this first post of a two-part series, we will expand beyond our 6 general manufacturing trends we predicted would shape 2016 to now laser focus on the manufacturing technology trends that will impact manufacturers in 2016. 4 Core Manufacturing Technology Trends for 2016. Increasing Use of 3D Printing.
Here are some data that support my view. However, GEP And S&P Global publish the GEP Global Supply Chain Volatility Index based on data derived from S&P Global’s PMI surveys. Of course, lower rates are great if you are paying for the service and not so positive if you are providing it.
But dedicated managers have found a solution to help improve this part of delivery: data. Data is generated in all parts of last-mile delivery, and analysis of this information can help companies become proactive rather than reactive with their delivery methods. Benefits of Data for Last-Mile Delivery.
What happened in 2016. But data transparency within the logistics industry is lacking at best. Take a look at the range in carrier prices for forwarders along one the world’s busiest routes (Shanghai to Long Beach, CA), in a data snapshot from mid-December 2016. The 90% percentile prices, of course, stayed the same.
Our 2016 Manufacturing Report revealed an industry in the state of change, preparing for the next revolution. With claims of hacking the election still permeating the internet, manufacturers are looking upon 2016’s cyber security improvements with even greater scrutiny. Manufacturers Stayed the Course, But Jostled Along the Way.
For Maersk, June of 2016 was the breaking point. After a rough 2015, the first half of 2016 was no different. The Post-2016 Strategy: End-to-end Shipping. The September 2016 decision mapped out a clear new direction. The shift to full end-to-end integration, of course, leaves no one else in the middle.
The big theme of course, is the digitization of the supply chain and the implications it will have on business performance. In other words, for digital transformation to succeed, organizations need to be able to “take action” based on their data. Data availability and technology wasn’t what it is today. Cost-to Serve.
2016 marched onward with a drive to improve the use of digital technology throughout the supply chain. This infographic, created by GT Nexus , also shows other ways the digital supply chain evolved in 2016. Bad weather, poor hiring practices or inefficient maintenance of consumers’ financial data can decimate a company.
“Results from the 2017 study show that roughly 75% of respondents are using the mix strategy (be all things to all people) as the predominant approach for their companies compared to the 51% who we reported utilizing a mix strategy in our 2016 results. Cost is, of course, another important aspect of running a successful business.
According to CB Insight research , supply chain technology funding skyrocketed in 2016, reaching over $5 billion dollars, more than 10X 2013 levels, and creating more logistics startups every year. So we spoke to some of Freightos’ investors to see what drew them to logistics (and, of course, Freightos specifically). #1:
billion dollars of US venture capital was invested in the first quarter of 2016. And, of course, Amazon looms with Amazon Flex. Hyperloop Proof of Concept Trial, May 2016. While this is only one side of the coin (funding in Q1 2016 has remained stable), it is still cause for concern. Moving data better.
According to data provided by My Carrier Resources, more brokers leave the industry between September and November than during other months of the year. So let's begin by clearing the air with what we already know from the data provided. Yes, you read that correctly. That's a total increase of 3,367 active brokers.
But in 2016, Philip Morris International decided to change the course of its history by leading a transformation in the tobacco industry to create a smoke-free future based on products, which while not risk-free—are a better choice for adult smokers than continuing to smoke. It was predictable.
From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains.
As global supply chains become more complex and customers more demanding, the race is on to develop software applications that can effectively manage and make sense of the zettabytes of data being generated by our digital world. Of course, capturing the data and then using it to make good decisions are two entirely different things.
Over the course of the past several months, Morai Logistics has highlighted a significant rise in e-commerce shopping. This figure has significantly increased over the course of the last few years. In 2016, McKinsey found that nearly. There are a variety of benefits that help promote efficiency and access to real-time data.
At the close of 2016, the 21 st Annual Third-Party Logistics Study found the overall use of third-party logistics providers ( 3PLs ) is increasing, but the types of logistics services utilized indicate the industry is entering a shift in how it operates. Mergers and Acquisitions Give Rise to Nervousness Among Some Shippers.
2016 - $7 billion. Transportation management systems are evolving to include information before products were even shipped, such as manufacturing or warehousing data. Computer systems are monitoring and adjusting living environments based on data collected from user’s control panels or smartphones.
Dropping profit margins – Hanjin’s bankruptcy in late 2016 capped a difficult year for carriers and 2017 hasn’t been much better. In 2016, the top twenty global forwarders accounted for a 60% of the freight forwarding market. In the meantime, airlines have shied from selling directly to shippers of any size. Digital Forwarding.
Of course, inventory is built when information is less than optimal and therefore we miss forecasts or we feel the only solution to this problem of lacking information is to build inventory stocks. As inventories build, inbound will start slowing, transportation capacity will become in excess and ultimately prices fall for transportation.
The data published by MAPI in December 2014 shows that industrial production increased at an annual rate of 3.9% in 2016 and 3.1% Of course, not all manufacturers will return home since poorer countries will continue to have lower labor costs. in the third quarter of 2014 and is expected to grow by 3.5% in 2015, 3.9%
Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that. The annual growth rate for machine learning and artificial intelligence grew more than 500 percent from 2013 through 2016. Industry 4.0
In 2016, big tech companies bought nearly 40 AI startups. It’s used to help doctors in creating clinical practice guidelines that document the best course of treatment for different types of cancer. From my experience with many companies, it’s already not easy to provide clean data to run a normal S&OP. What’s next?
According to 2016 FAO data , more than 80% of palm oil was produced in just two countries: Indonesia (53%) and Malaysia (29%). million hectares of soy in the Amazon (40% of the total area) in 2016 had been native vegetation six years before. According to PRODES , the Brazilian government’s monitoring agency, some 1.8
In 2016, total e-commerce sales reached $394.9 Visibility in your warehouse requires dedicated asset tracking, data collection, analysis and application, and continuous improvement across all employees and operations. Of course, lean practices also have implications for budgets as well. What’s Next?
Improving predictability in outcomes is valuable, but ensuring your supply chain is nimble enough to act on the data is even more so. We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. The presence of data throughout the supply chain is vital to its evolution.
The past In the past, logistics education was primarily centered on basic concepts and traditional models, such as inventory management, warehousing, and transportation (Christopher, 2016). This compartmentalized approach often led to suboptimal results, as it failed to recognize the interconnectedness of supply chain components. Pearson UK.
Even Amazon lost a reported $7B on shipping in 2016. Let Data Do The Heavy Lifting. Data enables high-level performance management through KPIs and benchmarking, as well as daily decision support with better information. Cost data and rates in global shipping are notoriously complex and opaque.
The first major change was, of course, the growth of the internet and during this period bricks and mortar retailers started to feel threatened that people would buy products online instead of shopping in their store. Key statistics: In 2013, only 5% of retail sales were influenced by mobile devices, but this jumped to 37% in 2016.
Solving the challenge and underlying issues will require focus and attention to internal processes, better communication with carriers and partners, and using technology to gather and make sense of the vast amount of data flowing through transportation networks. Focus on the Right Data.
Of course, it is helpful to have some statistics on hand to validate the statement above. A disciplined approach to the collection, cleansing, and standardisation of supply chain data. To put that claim into some perspective, consider this data revealed by Gartner from research conducted in 2014: .
A version of this article originally appeared in The Journal of Commerce (August 6, 2016). Risks should of course, be contingent on opportunity and ability to execute. Moving data is a whole other kettle of fish. DB Schenker’s cooperation with uShip, announced in June 2016, is a good example of such a team.
Dropping profit margins – Hanjin’s bankruptcy in late 2016 capped a difficult year for carriers and 2017 hasn’t been much better. In 2016, the top twenty global forwarders accounted for a 60% of the freight forwarding market. In the meantime, airlines have shied from selling directly to shippers of any size. Digital Forwarding.
Automation sales declined throughout 2016, but industry experts believe a major shift toward third-party companies is coming, reports Patrick Burnson of Supply Chain Management Review Manufacturers need to increase production without increasing overhead costs, and outsourcing technology to 3Pls is the perfect solution.
Its 2016 Logistics Trend Radar report suggests that big data and automated supply chains could lead to previously unimaginable levels of optimization. Business Insider ’s The Insurance and the IoT Report finds that insurers use vehicle usage data to inform pricing on policies and premiums. Optimize Operations. Go Driverless.
Referring to government data, CNN Money cited that in 1960 approximately 1 in 4 Americans had a job in manufacturing. Fast-forward to 2016, fewer than one in 10 are employed in the US manufacturing sector. There’s an argument that industrial computing creates jobs.
He predicts that this will rise to just over 50% by 2016 and to more than 80% by 2020. Just as in the following five examples that reveal interesting data, best practices, and tips related to the supply chain. Read the Full Blog Post. Read the Full Blog Post. Read the Full Blog Post.
When buying milk is an investment Thanks to a retail team supporting the 450 shops, WFP has a wealth of shopping data at its fingertips. This data tells us that milk is the third most-purchased item in our shops. In Lebanon’s agricultural heartland, the Bekaa Valley, women are taking classes in dairy production.
2019’s over, but there’s plenty of technology to look back on over the course of the year to see what affects it had on supply chains. One reason for this is because they can help with predictive maintenance, displaying all the relevant data on AR glasses. Digital Twin.
Data analysis and predictive modeling are just the beginning of the industry’s new bag of tricks. While 2017 was certainly better than 2016, it’s still going to be a slog to get back to the post-recession era. This change won’t take place overnight of course, but the gradual change will build up to a complete revision of the industry.
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