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4 Drivers of the Looming Transportation Capacity Crisis of 2017. Lack of Cross-communication and Proper Cost Analysis – Profit management is intertwined with proper benchmarking and transportation cost analysis. What do you think will happen by 2017 in this transportation capacity issue?
Where Freight is Going in 2017. 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. Transparency and Overcapacity. What happened in 2016.
Again and again, digitization and data were at the heart of panel and networking conversations. Even headline speakers were professing “data got sexy” and data is now a core strategy for companies looking to succeed. Supply chain leaders are wanting their organizations to be data-driven.
Which is why a drone took flight from the stage during Ryan’s keynote address at the Descartes Evolution 2017 Conference a couple of weeks ago and broadcast real-time video of the audience as it flew across the front of the hall. Descartes (@DescartesSG) March 28, 2017. million in FY 2017 (net income has grown from $12.0
Internet of Things (IoT) sensor-generated data is another key piece of improving railway efficiency and operations. Accordingly, the number of IoT transport units is expected to increase , according to Statista data, from 2.6 million in 2017 to 3.7 Optimizing Railway Operations with Data. Making Data One’s Own.
Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced dataanalysis. A common theme of the 2016 predictions was growth and scalability, so let’s look at how companies are using these technologies as we prepare for the innovations of 2017.
Detail on a 2017-completed Ontario Ministry of Transport analysis of some crash metrics pre- and post- its 2009 speed limiter mandate. Bottom line: some food for thought as you consider whether to take concerns to your reps with the recent U.S. Senate bill that would mandate a 65-mph speed setting. .
Manhattan Associates Reports First Quarter 2017 Performance. Here are some details from the press release: With Haven TMS, Haven evolves from a logistics quote marketplace into a full-featured transportation management system (TMS) with collaboration, procurement, and analysis modules.
It was a strategic/tactical analysis, disconnected from day-to-day operations, and the software tools were difficult to learn and use. In short, the manufacturer realized some time ago that it was setting inventory policies based on outdated lead time and forecast data. What would this “next generation solution” be?
Freight and trucking data makes for an excellent resource for shippers and logistic service providers (LSPs) alike. The data obtained from historical and contract load tender information creates a valuable tool – a trucking rate predictor. And it’s important to know why tendered, non-paid data can add so much weight.
Construction spending edged lower in October from September levels but increased from the October 2017 total, according to an analysis of new Census data by the Associated General Contractors of America. However, investment in public infrastructure p
Editor's Note: Today's blog comes from Katie Cruze at considerdigital.com who give us the top 5 reasons why data quality is important. Data, for most companies, is often collected for record-keeping purposes. For many companies, managing the quality data can seem like an overwhelming task.
In 2017 losses incurred from catastrophes such as hurricanes, wildfires, and earthquakes could make it one of the costliest years in history for the property insurance industry, Savitsky noted. Hurricane Maria, which slammed into Puerto Rico on September 20, 2017, is a prime example of a catastrophe that reverberates through supply chains.
The second reason is the new ELD (Electronic Logging Devices) Mandate which entered into force on December 18, 2017. Tom Kloza, global head of energy analysis for Oil Price Information Service calls this season “the most expensive driving season since 2014.” What To Do: It’s All about Data Analytics . percent, from 15.6
Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance. Sharing of quality data helps to protect supply chain stakeholders and end-customers from hazardous materials.
In his 2017 annual shareholder letter , Bezos lauded “divinely discontent” customers as innovation drivers. Amazon is at the nexus of ecommerce, data, and logistics, with a drive to constantly improve their logistics network. And the career data below spells out a strong ocean slant. billion between 2015 and 2017.
Measuring a sample of more than 1 million items from five leading retailers and eight brand owners, the study also found that when RFID was not implemented, 69 percent of orders shipped and received from brands to their retailer partners contained data errors.
Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms.
Pape Ka | Mazars USA LLP Vincent Van de Maele | zettafox Description In October 2017, Mazars Group announced the acquisition… The post Transforming Water & Wastewater Utilities with Data Analytics appeared first on Insights Center - Mazars - United States. Pape Ka | Mazars USA LLP. Vincent Van de Maele | zettafox.
Last year the National Association of Foreign-Trade Zones (NAFTZ) asked CBP to delay the planned September 16, 2017 transition of the Application for Foreign-Trade Zone Admission and/or Status Designation from the agency’s legacy computer system to the new Automated Commercial Environment (ACE) platform, American Shipper reports.
However, these smaller enterprises can leverage their agility and flexibility to adapt to new trends and technologies in supply chain management, such as adopting cloud-based solutions and implementing real-time data analytics (Prajogo & Olhager, 2022). Conversely, startups can benefit from the expertise and stability that SMEs provide.
The data these investors and purchasers gather from CDP is crucial to inform their decision making, help them engage with companies, reduce risks and identify opportunities. “ million (US$3.6 billion (US$4 million).
The Industrial Internet of Things (IIoT) and the Internet of Things (IoT) are similar, but both function on the connection of equipment to the internet and applying data collected to consumer and business needs, including the needs of manufacturers. The First 5 Manufacturing Tech Trends of 2017.
There were 94 total losses reported around the shipping world in 2017, down 4% year-on-year -- the second lowest in 10 years after 2014. In 2017 the downward trend of large shipping losses continued, according to a new survey, Allianz Global Corporate & Specialty's (AGCS) Safety & Shipping Review. Emerging Risks Lead to Losses.
percent year-over-year in 2017, according to the CPB Netherlands Bureau of Economic Policy Analysis. Global trade volumes grew 4.5 percent each in imports and exports, according to CPB Netherlands data. Emerging economies, such as in Asia, Eastern Europe, Latin America, Africa and the Middle East, saw imports and exports rise 6.5
By Lauren Domnick, Chief Data Scientist, Omnitracs As the trucking industry struggles with how to solve the increasing driver shortage, many companies are taking a different approach to recruiting. According to data from Omnitracs, women account for only nine percent of drivers. In the last year, women truckers were involved in 2.77
Svend Lassen, head of reporting & data analytics for commercial and supply chain at Tata Steel Europe, explained that there needs to be a clear understanding of how any digital project will improve margins before the project is approved. “We Planners come up with data-proven forecasts on what the market may buy.
According to Supply Chain Dive , “The number of supply chain professionals who say they’re currently using predictive analytics at their company has grown 76% from 2017 to 2019, according to a Supply Chain Dive analysis of the annual MHI Industry Report.” Leverage IoT-enabled sensors to collect more data.
This past October, the American Trucking Associations warned that the trucking industry could be short 50,000 drivers by the end of 2017. In the report, ATA projects the shortage to reach 50,000 by the end of 2017 and if current trends hold the shortage could grow to more than 174,000 by 2026. Recruit more minority drivers : 66.6%
When I ask shippers what they look for in a logistics or transportation management partner, technology capabilities — and the data and insights those technologies provide — is always near the top of the list. Companies can use this data beyond where a truck is to make useful decisions.
Xeneta’s dataanalysis shows that containerized imports from the far east to the US increased substantially from 2017 to 2022. Xeneta’s analysis also shows that Russia substantially increased its import of goods from China. In percentage terms, Vietnam’s exports grew the most.
Mitigating your risk comes down to using technology to make better decisions faster by using better data. You must use a network of data to measure yourself against the current market and your peers. Technology allows shipment data like tracking and more to your customer in real-time using methods like APIs or geofencing.
To know the most difficult challenges as perceived by supply chain professionals, we turn to the SCM World’s 2017 Future of Supply Chain survey. Here are the complete data representing how many supply chain management professionals perceived these threats as significant. These disruptions included the following.
Few topics hold the prestige of logisticians like Big Data. The applications of Big Data in business are numerous. In freight management, Big Data yields opportunities for improvement. The reason behind the application of data is immense. The ways we collect data has evolved too. Why Is Big Data Important?
Cloud Logistics Announces Record Revenue, Growth and Innovation for 2017. I typically don’t comment on management changes, but Frank has been a guest on Talking Logistics several times, most recently in October 2017 to discuss “ A Sustained Market Shake-up: What M&A Activity Means for the Transportation and Logistics Industry.”
percent in the fourth quarter of 2017, according to the “advance” estimate from the Department of Commerce. United States gross domestic product (GDP) – the broadest measure of a nation’s overall economic health – grew at an annual rate of 2.6 percent in the second quarter of 2017, but still up from the 1.2
And Understanding & Visibility into the Data in Transportation for Continuous Improvement. This large movement towards more use of the data to glean insights created by processes within technology is known as "Big Data." Identification of key process indicators will help focus your search for the right data.
We need problem solvers, people that can work with data from a data analytics perspective. The 2017 hurricane season,” Mr. Herzog said, “was a big event on our journey. Supply chain design software requires scenario development and analysis to an even greater degree than other supply chain planning solutions.
by December 18, 2017. Next-generation telematics solutions combine highly advanced telemetry, positioning and communications with cloud-based capabilities to automatically capture the wealth of real-time data available on fleet operations.
You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. “Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs.
In March of 2017, a $125 million Pan-Canadian Artificial Intelligence Strategy was proposed by the Government of Canada in an effort to support academics and research. Their article details three areas that they believe AI will have a positive impact: Improve the ‘shipment lifecycle’ by simplifying the real-time exchange of Big Data.
Dataanalysis 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. As for technology, the freight industry has undergone a veritable renaissance. What to Watch for .
The future robotics market looks strong worldwide as many sectors seek answers to labor shortages, the Interact Analysis report said. The Memorial Day weekend typically sees an uptick in cargo theft, with an average from 2017 to 2021 of 29 events per year over the holiday weekend. s CargoNet.
And, according to the latest data from the freight indexes, spot rates are as much as 100% more than this time a year ago. While we were already headed for an unavoidable capacity shortage in 2017, a series of unique events have led us to what could be a severe shortage in freight capacity: A strong, but late produce season from California.
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