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John is a legendary builder; he was a founding member of both the Uber Freight product team and the Echo Logistics carrier sales team, and co-founded Isometric Technologies in February 2020. ISO provides a neutral, single source of truth for logistics performance, eliminating siloed systems and human analysis. The Greenscreens.ai
Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk.
Those that held on in 2020 continue to face obstacles as recovery begins. Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Applied data lowers the risk of over-valuing or under-valuing trucking costs. Think about it. Think about it.
E-commerce spending will surpass $4 trillion annually by 2020, reports eFulfilmentService, accounting for approximately 15 percent of total global retail spending. This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how dataanalysis may help. Download Here.
By building machine learning models that properly diagnose and label excursions, PAXAFE is uniquely positioned to leverage more granular, contextual data to accurately identify when, where and under which conditions future adverse events are likely to occur. PAXAFE’s platform decreases cargo loss while improving operational efficiencies.
“Spare Parts Logistics Market Scenario 2020-2028: The Global Spare Parts Logistics market exhibits comprehensive information that is a valuable source of insightful data for business… The post Analysis on Impact of covid-19 – Spare Parts Logistics Market 2020-2028 appeared first on 24/7 Customs Broker News.
Intro to 2020 Supply Chain Management Trends. The new year is upon us, and with the end of 2019 we reach the end of the decade – and the beginning of 2020. 2020 supply chain management trends will further these shifts. 2020 supply chain management trends will further these shifts. Greening” the Supply Chain.
Recent data indicated soft manufacturing activity coinciding with ongoing trade disputes. These data points provided credibility to the view that a recession was possible. The World Trade Organization publishes monthly merchandise trade data. China export data was unavailable for January 2020. percent from Q2 2020.
That thesis was firmly supported in data issued this week by the American Trucking Associations (ATA) in its “ATA American Trucking Trends 2020.” While 2019 was not the watershed year for trucking that 2018 was, it does not mean that 2019 was not a strong year for the sector.
Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. While creating a demand-driven supply chain means ingesting and interpreting large volumes of data, advances in cloud computing and edge computing make data-based decision making easy and cost-effective.
and Canadian Class 8 natural gas truck retail sales dropped 25% year-to-date over the same time period in 2020, as published in the Alternative Fuels Quarterly (AFQ) report recently released by ACT Research, a publisher of commercial vehicle truck, trailer and bus industry data, market analysis […].
He earned his logistics stripes at GlobalTranz, learning the business and riding the fast growth wave to impactful leadership positions, and under Buchanan’s leadership at Loadsmart the account sales team has grown in headcount by 860% and in revenue by 578% (1H YoY 2020 – 2021).
He earned his logistics stripes at GlobalTranz, learning the business and riding the fast growth wave to impactful leadership positions, and under Buchanan’s leadership at Loadsmart the account sales team has grown in headcount by 860% and in revenue by 578% (1H YoY 2020 – 2021).
It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.
I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. When data on causal factors is not readily available, it can be informative to review the behavior of certain industries or economic activity in response to disruptive events. New Factors with Limited History. Review of Prior Impactful Events.
When the pandemic started in 2020, no one could foresee the impacts of the global supply chain disturbances would last this long. As most of the common pain points and challenges from 2020 continued to be still relevant in 2021, many retailers accelerated their search for next-generation planning capabilities. Network cost modeling.
And 2020 was certainly quite the year in logistics. So, without further ado, here are the most popular logistics articles from 2020. 2020 Supply Chain Technology Trends ; Steve Banker, Chris Cunnane, and Clint Reiser. The rise of cloud computing, smart devices and IoT have all resulted in a massive data explosion.
Despite all these issues, cargo handled has rose a whopping 22% in the period of December 2021/January 2022/February 2022 compared to the December 2020/January 2021/February 2021 period according to data from the Port of Houston. The post Analysis: Should You Redirect Your Cargo and If So, Where?
87% of shippers reported maintaining or growing their technology investments since 2020. In transportation, digital freight procurement and asset tracking & data mining are in broad use. Around 80% of LSPs and 68% of shippers cited the cost/ROI analysis as the biggest challenge for transportation transformations.
From a process perspective, an analysis is not enough. Once an analysis is completed, it must be shared with business leaders, decisions must be made based on that analysis, there must be a process in place to execute the decisions, and the results must be measured. But most fundamentally, a company must be data driven.
Most of us are happy to have put 2020 behind us. If 2020 has taught businesses anything, it’s that our supply chains are not nearly as secure as we might have once thought. If 2020 has taught businesses anything, it’s that our supply chains are not nearly as secure as we might have once thought. The Big Benefits of Big Data.
Surviving the tumultuous year of 2020 represented the most critical challenge shipping leaders had to face in years. Enterprise shippers are looking for ways to capture and analyze more data Making the most of available technology has always been critical for fine-tuning a supply chain. Download the White Paper.
If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supply chain resiliency test. The average cost of a data breach reached $3.86 million in 2020 , with compromised employee accounts the most common cause. Capacity constraints and transportation delays.
The answer is not simple and involves research and analysis across a number of factors. Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains. Analysis of employment data. for Q2 2021, relative to Q2 2018.
The global economy has gone through an incredibly tumultuous time since 2020. Well, an analysis of US import container volumes 1 as a share of consumer spending 2 in 2021 and 2022 to date implies that every $1,000 in ocean freight costs per forty-foot container accounts for 0.09% of personal consumption expenditures each year.
The Journey to Improve Service When Mr. Masters joined the company in August of 2020, the company had three business units each using its own carriers. An RFP is a data intensive exercise. This made the dataanalysis easier. On the inbound side, it was highly reliant on spreadsheet data. Is this working?”
In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.
However, 2019 did see some of the newer technologies making big strides and are expected to be in trend in 2020 as well. The autonomous trucking industry is expected to keep up the momentum in 2020 also. So in 2020 also one can expect AI to be an important part of the technological revolution in multiple supply chains.
announced its $20 million Series A-1 funding (following the $15 Series A funding in 2020) led by Prime Movers Lab and featuring Future Ventures, Energy Impact Partners, JAZZ Ventures and Playground Global. Xeneta’s dataanalysis shows that containerized imports from the far east to the US increased substantially from 2017 to 2022.
The global air cargo market saw a 4% year-on-year decline in the four weeks to February 2, 2020, according to the latest ‘dynamic load factor’ market intelligence from CLIVE Data Services. But looking at the data in more detail tells a more nuanced picture.
As the industry struggles to recover from the unprecedented global events of 2020, recognizing budget limitations is essential for industry growth and success. Measuring performance with transportation KPIs and freight data is getting easier. Transportation management depends on historical and real-time data. Think about this.
In 2020, UScellular took the major step of initiating the deployment of 5G technology across its network. The supply chain team conducted an in-depth analysis of 3 key projects and determined that 61% of components are internationally sourced, and most critical components are manufactured in Asia or Europe.
Despite their importance, SMEs face several logistical challenges, such as limited resources, lack of economies of scale, and difficulties in attracting skilled workforce (Singh & Sharma, 2020). Despite these differences, both SMEs and startups share a common interest in harnessing technology to optimize their logistics operations.
Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in dataanalysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022.
Planning applications don’t work well if the master data they rely on is not accurate; this is known as the “garbage in, garbage out” problem. Artificial intelligence is beginning to be used to update the data. Lead times, for example, are a critical form of master data for planning purposes.
Prior to 2020, they were paying around ten cents a mask. During 2020, Cooper was paying up to a $1.50 2020 it was just a scramble for PPE,” Dr. Runkle explained. “We This analysis surfaced the need for alternative suppliers for these products. We had to go off contract and find our own. The pandemic changed that.
from 2020 to 2027.” It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation.
At the end of March 2020, we set up a short survey sponsored by Ocean Insights. This survey which was answered by over 300 Shipping and Freight Professionals across the world collected and analysed data on three key aspects of Impact, Preparedness, and Recovery. Eric Johnson (Host) Senior Editor, Technology – JOC.
With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. A confident, data-driven trucking RFP undertaking can make a big difference in freight spend.
If you thought it was difficult to find good drivers before the 2020 pandemic, try finding drivers of any caliber afterwards. In a word, it’s data. Good data will help you track valuable decision factors such as best per-mile rates, conditional charges, field charges and other variables to ensure your best bang for the buck.
The final goal was to develop end-to-end visibility based on leveraging data analytics. The Journey Begins Mars Wrigley began working with Aera in 2020 in the US. Aera Technology was seen as a convergence point for what Mars Wrigley was doing in data analytics and AI with what the company was doing in supply chain planning. “We
My research process at ARC includes the review and analysis of publicly available information, as well as interviews with corporate executives and market participants to obtain additional “color”. Intelligrated revenues are not formally identified in earnings reports but are frequently mentioned in discussions and analysis.
Slow data transfer has a knock-on effect to the transfer of materials, increasing the need for safety stock, and hence, the need for working capital. Through regular analysis of issues that slow your cycle times you ought to be able to reduce stored inventory—and as a consequence, increase the speed of cash flow through your business.
Once the analysis was done for Year One set up, Year Two was pretty much the same. In July of 2020, the US Federal Drug Administration (FDA) authorized the marketing of a version of IQOS, a heated tobacco product that Altria is selling under a license agreement with PMI in the US. It was predictable.
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