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For example, an analysis carried out by AIR on the potential impact of Hurricane Harvey on regional manufacturing found that, based on percentage of the total potential revenue loss, the top three subsectors are petroleum and coal products manufacturing (37%), chemical manufacturing (13%), and oil and gas extraction (12%).
From increased affordability and efficiency of the transportation management system (TMS) to the application of Bluetooth technology for superior tracking of product movements, 2016 will be the year in which technology becomes an integral, if not the exclusive, part of the shipping process. Then, Amazon purchased Kiva , and they vanished.
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.
The shipping industry of 2016 is a gross misrepresentation of what was considered “normal” shipping practices in the 1980s or 1990s. Similar to the technology in logistics trends, AIDC and RFID technology, the Internet of Things (IoT) will change in an unusual, profound ways in 2016. Increasing Use of Bluetooth Technologies.
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. This goes back to using predictive analytics.
CONA Services was created in 2016 to support this vision. The system can detect a deviation from a forecast, for example, and yet understand if the deviation is in an allowable range and that an alert does not have to be generated. For example, a large customer may place a large, unforeseen order that becomes visible at 9:00 a.m.
Rather than trying to figure out what is and is not causing problems, you need to know a few basic facts about how the truck driver shortage will evolve in 2016. From May 2014 to January 2016, many trucking companies increased their wages. Turnover Rates Are at an All-Time High. IoT-Based Systems Will Reduce Demand.
Take a look at some of the top trends to expect in 2016 for the logistics industry and how they will inherently relate to the merger and acquisition trends. For example, augmented reality-enabled glasses are currently being used by Volkswagen, explains Ludger Schuh. 3PLs Will Expand Services.
Yesterday we began our two part series on 2016 supply chain trends that will drive supply chain management into the future. If you missed the first post, we encourage you to give it a read by visiting the first seven 2016 supply chain trends post here. . Supply Chain Trends 2016: 5 Additional More Areas of Focus.
2016 will be a defining year for the logistics industry , and transportation management practices must adapt to these changes. For example, a given trucker who drives beyond the hours of service in the ELD could incur stiff penalties and fines from oversight agencies. Previously, rates were determined by freight classification.
This increase follows California’s increase in minimum wage from $8 to $9 an hour last year and to $10 effective January, 2016. an hour in July, 2016, followed by annual increases through 2020 until the minimum wage hits $15 an hour. Under Los Angeles’ new requirements, the minimum wage will increase to $10.50 XB Logistics’ is a U.S.-based
Five Key Takeaways From TPM 2016. Transpacific Shipping in 2016. CEVA gave as example, that the traditional Chinese New Year gift cards have gone online. It should – this is a perfect example of the Prisoner’s Dilemma. The post Five Key Takeaways From JOC’s TPM 2016 appeared first on Freightos.
For the first time in more than 10 years, the Federal Reserve took the initiative to slightly increase interest rates, but the hopes for a robust start to 2016 were quickly dashed. The following graph from the 2016 SOL reveals how logistics as a percentage of U.S. Inventories are a major issue analyzed by the 2016 SOL as well.
For Maersk, June of 2016 was the breaking point. After a rough 2015, the first half of 2016 was no different. So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services. The Primary Maersk Plays.
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. Manufacturing is changing.
If you have a page but have not posted since 2016, the hours aren’t current, or your contact information isn’t accurate, it may give the impression that you are not in business anymore. . Pre-Planning Your Social Strategy. Executing The Strategy. We will explore tips for organic strategy in this blog. Can you be?
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. Technology will only delivery […] if it’s implemented with strategy and operations that adhere to best practices.”.
“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. and 30.9%, respectively,” says Logistics Management. in 2017 versus 20.8%
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
About 11% of carriers have vehicles that use a fuel other than diesel or biodiesel blends, according to a 2016 survey by ATRI. For example, UPS is aiming to have 25% of its new vehicles run on alternative fuel or be an advanced technology vehicle, such as hybrid trucks that uses materials that improve fuel efficiency. In the U.S.,
The Top 6 Trends in Logistics Impacting Shippers in 2016. Today, the tech devices that entered the market in early 2016 are obsolescent, and more companies are looking for real-time data-driven decision making opportunities through the Internet of Things (IoT). Amazon understands the value of an easy-to-use reverse logistics strategy.
According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.
Jackson Wood, director of industry strategy for global trade intelligence at Descartes. I had interesting conversations with Jackson Wood- director of industry strategy for global trade intelligence at Descartes, and Linda McKee – director of solution management for global trade services at SAP. Both are leaders in this market.
Unfortunately, slight contractions in the global economy in 2015 and 2016, reflecting the unrest seen in China and Germany, resulted in the scale back of purchasing by consumers. Between 2015 and 2016, freight shipping rates declined significantly, and dry van rates dropped up to 15 percent. Shipping LTL Rates Will Improve.
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.
The best example is probably Amazon Prime, with the company announcing early this year that they now have over one hundred million subscribers worldwide. However, can this strategy be sustainable and profitable in the long term? This new subscription model has proven extremely successful in other industries.
Regulatory reform has been top-of-mind for supply chain executives and political leaders in the US since the 2016 election. Manufacturing Strategy Will Reduce the Burden of Costs of Transformation. Manufacturers are also ready to reinvent operational strategies.
This new customer-centric reality is prompting manufacturers and retailers of all sizes to revisit their strategies and capabilities to succeed in this highly- dynamic, highly-uncertain, and highly-competitive environment. In March 2017, for example, Walmart pulled the plug on building a 1.2-million-square-foot
. – General Angus Campbell, Chief of Defence Force (then Chief of Army), Chief of Army address to the Army Logistics Training Centre, 3 rd December 2016. Aside from doctrine and a multitude of sometimes contradictory organisational orders and directives, the Australian Army lacks a strategic logistics strategy.
Technology advancements were among the most exciting topics to watch through 2016. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing. billion by 2021.
Figuring out the best strategy for managing fleet assets can be difficult at best. In regard to the freight situation between 2008 and 2016, Trucking info.com noted how rates evolved from “since the bottom of that recession, contract prices have averaged a 1% quarter-over-quarter growth (annualized). Consider this.
Supply chains are ‘strangling strategy’, with the movement of commodities so significant an issue that logistics is securitising. [1] The first batch of containers was accepted in May 2016, with the final batch coming off the assembly line in June 2016, well ahead of the contracted delivery date. 1] Beaumont, D., 2] Beaumont, D.,
For example, scheduled places in the lines are lost. Examples include sleeping in their trucks near the lots of the plants. The freight business is dealing with backlogs that are simply unsustainable and there is no clear strategy for addressing this problem in the short term. Changing working conditions in a dynamic market.
In 2016, as part of the wholesale corporate restructuring, Bayer Crop Science became one of the three major divisions of Bayer AG. Initially it was part of a larger go-to-market strategy as the company realized it had an issue with its Net Promoter Score (NPS) and understanding the voice of the customer.
Many companies still struggle to achieve segmentation strategies. A segmented strategy reflects the idea that companies should not just have one service level that applies to all customers and products. In 2016, it became the first street-legal vehicle to be paid to do real work without a driver behind the wheel.
This new customer-centric reality is prompting manufacturers and retailers of all sizes to revisit their strategies and capabilities to succeed in this highly-dynamic, highly-uncertain, and highly-competitive environment. Amazon is the best example today of a company that is leveraging logistics as a competitive weapon.
For example, small-business e-stores have managed to create environments that allow customers to see inventory in real time, reducing problems with excessive ordering. Newer technologies make up one of the most exciting parts of the supply chain to watch in 2016. Omni-Channel Solutions Will Expand to Include and Use New Technologies.
That is the primary question all competitive runners face before each race, and the answer dictates your strategy. I believe, however, that focusing on place is the wrong strategy for most companies today. Seven more laps to go. Do you run for place or do you run for time? The 2-mile race is a good fit for my son.
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
As noted by Joseph Evangelist of Fleet Owner, asset utilization among carriers sat at an average of 50% in 2016. As a few examples, these are four critical KPIs to focus on: Owner-operator to driver ratio – A lower ratio here means more opportunities for in-house drivers who bring more affordable rates. .
For example, even since 2014 online retail sales have seen good improvement. of total retail sales, but in 2016 this increased to 7.4%. of total retail sales furthering the case for shippers to adopt an omnichannel strategy. Even in the last couple of years, the number of people shopping online has continued to rise.
How, for example, can they distinguish between information that’s relevant to the organization, and that which is useless? The 2016 cyberattack on domain-name system provider Dyn, Inc. A fair number of companies are leaning toward the latter view. First and foremost is the simplest: ensuring the use of strong passwords.
Hanjin shut down in September 2016; Cosco merged with OOCL; CMA CGM bought Neptune Orient Lines and its SPL subsidiary; Hamburg Sud was purchased by Maersk; Hapag-Lloyd merged with UASC and MOL; and “K” Line and NYK formed the One Network Express that merges the four Japanese carriers’ container shipping divisions.
She gives an example: Amazon’s ability to deliver packages to a person’s door in under two hours. Its 2016 Logistics Trend Radar report suggests that big data and automated supply chains could lead to previously unimaginable levels of optimization. Young’s example of robot workers involves a company previously mentioned: Amazon.
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