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However, their predictions are based, in part, on a survey of more than 250 global shippers and logistic service providers. The survey covered what technologies they are currently using as well as their planned investments. 87% of shippers reported maintaining or growing their technology investments since 2020.
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.
Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. In fact, IT spend as a percent of business capex crossed over the prior ~10 year average in 2019 and we see that trend extending in early 2020.”. Natural disasters. Geopolitical 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. Response to disruptions.
According to a 2020survey by ATRI , 20.6% In a 2019 survey by WEX Inc, 23% of fleets reported that fuel costs were their top operational challenge. While oil prices are particularly difficult to predict, there are ways to mitigate the impact of these rising fuel charges. Track and reduce non-revenue generating miles.
To provide a comprehensive overview, the author draws from various academic studies, reports, and surveys to shed light on the latest trends and best practices in supply chain management. These often include unpredictable demand fluctuations, a scarcity of capital, and an absence of established supplier relationships (Blank & Dorf, 2020).
The answer is not simple and involves research and analysis across a number of factors. This data is based on industry output derived from monthly government statistics published by the Census Bureau, Federal Reserve Board, Bureau of Labor Statistics, and Bureau of Economic Analysis. Analysis of employment data.
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. million in 2020 , with compromised employee accounts the most common cause. During peak season 2020, small parcel shippers faced “shippageddon” due to the boom in e-commerce.
Several surveys have reported how SCM in recent years has moved from being a cost center to one responsible for offering superior customer experience and delivering competitive advantage. According to a report , between 2020 and 2021 there was a dramatic growth in companies focusing on making their supply chains more resilient.
Transporeon has presented the results of European Road Carrier survey: Findings point up an urgent need for digital investment amidst pandemic gloom. While nearly 70% of carriers reported business growth for 2019, less than a third expect a positive development in 2020. Carriers make increasingly use of spot market transports.
Penske also released the results of a national consumer survey, Settling In: A Consumer Moving Trends Survey, which unveils new findings about people’s reasons for moving and the importance of establishing a sense of community in their new places of residence. Has not ranked since the 2020 list ) Jacksonville, Fla. (8)
If 2020 and if 2021 proved anything, it’s that the omni-channel selling environment is here to stay. But, as we know, supply chain conditions were far from perfect in 2020 and 2021. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% While driving a projected $14.1
According to a 2020analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 According to a survey by the Global Supply Chain Institute, 59% of companies reported that supply chain disruptions resulted in increased administrative work. million per event. million per incident.
SYSPRO ’s 2020survey, The Inflection Point for the Factory of the Future , showed that only about one-third (38%) of manufacturers’ business systems had enabled them to meet the challenges posed by the COVID-19 pandemic. The pandemic made that impossible.
Report authors surveyed nearly 250 U.S.-based National average prices at the pump were 19% higher in 2021 than in 2020. Among surveyed fleets, 73% report that fuel cost savings is a primary advantage for deploying natural gas units. The annual analysis gathers real-world data directly from early-adopter fleets across the U.S.
We are looking at three different Chinese Years in 2020, 2021 and 2022. said Cathy Morrow Roberson, Founder and President of Logistics Trends & Insights LLC during a webinar organised by Container xChange on the Chinese New Year analysis and predictions. There is a lot of inventory with retailers and manufacturers.
In 2020, Ernst & Young LLP (EY US) conducted a survey of 200 top supply chain executives to know the pandemic’s impact on supply chains, goals for the next 3 years, and the path to digital supply chains. According to the survey, only 2% of organizations said that they were well prepared for the pandemic.
According to the Business of Sustainability Index , despite intense inflation since 2020, 66% of general US customers and 80% of young adult (ages 18-34) US customers surveyed in 2022 are willing to pay more for sustainable products/companies that embrace sustainable practices. Clearly explain cause and effect. The problem?
The outbreak of coronavirus in March 2020 has utterly changed the road freight transport landscape. From this survey a complete analysis has just been published. Only transport professionals themselves can explain how they have dealt with this situation and describe what perspectives it holds for the coming months.
Of 1,200 industry professionals surveyed for the 2021 Agility Emerging Markets Logistics Index, 51.5% The survey is part of the 2021 Agility Emerging Markets Logistics Index, the company’s 12th annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets. 2021 Index and Survey Highlights .
For example, the analysis of procurement processes and expense trends might help companies select alternative or new suppliers, change the flow of supplies to optimize delivery time tables and enhance payment processes, such as double billing complaints. Clearly, the IoT has caught on much faster than experts could have hypothesized.
One source reports disruptions increased over 60% between 2019 and 2020. Often a tool like a Failure Mode and Effect Analysis (FMEA) is useful as it serves as a checklist and ensures that the business is thinking about these issues and considering mitigation plans. Source: Bain & Co, Digital Supply Chain Institute, 2020.
The article presents findings from a survey conducted across over 200 global supply chain professionals to highlight how the pandemic has increased the need for freight market intelligence and how it continues to be relevant even as supply chain issues resolve. But even since July 2020, much has changed.
According to a new Integrated Food Security Phase Classification (IPC) analysis , more than one in three people need urgent food assistance, that is nearly 3.7 Since the last analysis conducted in December 2018, food insecurity in rural areas has increased by 15 percent. million people.
According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022. The company’s survey of Fortune 100 companies showed that 77% have implemented hybrid work schedules.
With the Chinese Lunar New Year approaching in late January 2020, global shippers planned to order stock from Chinese suppliers ahead of the celebration as factories and ports would shut down for two weeks. 2020 Gartner Weathering the Supply Chain Storm Survey.
Penske also released the results of a national consumer survey, Settling In: A Consumer Moving Trends Survey, which unveils new findings about people’s reasons for moving and the importance of establishing a sense of community in their new places of residence. Has not ranked since the 2020 list ) Jacksonville, Fla. (8)
A study by PwC found that 66% of surveyed executives anticipate higher supply chain costs as a result of diversifying away from China. Country of Origin 2020 2021 2022 2023 (first 9 months) CHINA 9.80 The underlying logistics regulations, political stability and compliance are biggest challenges. M VIETNAM 1.86 M SOUTH KOREA 901.88
The Dude, Michael Vincent, a long-time freight veteran rounds out Dooner’s high energy with witty one liners and makes you stay with the substance the Dude brings in his analysis of freight markets utilizing the freight forecasting platform, SONAR, to give listeners and viewers clarity to volatile freight markets. Great Quarter, Guys.
million in 2020, based on analysis in countries where it has a presence. In a recent WFP survey in nine countries, 69 percent of the 41,000 respondents said they had seen a reduction in their incomes due to the pandemic?—?with million to 13.7 estimated by the Economic Commission for Latin America and the Caribbean at -5.3
According to Dell’s Digital Transformation Index 2020, 89% of the 4000 surveyed business leaders stated that the pandemic highlighted the need for a more agile and scalable digital environment. The analysis is intended to highlight key areas that don’t yet provide the desired customer experience.
According to Dell’s Digital Transformation Index 2020, 89% of the 4000 surveyed business leaders stated that the pandemic highlighted the need for a more agile and scalable digital environment. The analysis is intended to highlight key areas that don’t yet provide the desired customer experience. 2. The Roadmap.
According to Dell’s Digital Transformation Index 2020, 89% of the 4000 surveyed business leaders stated that the pandemic highlighted the need for a more agile and scalable digital environment. The analysis is intended to highlight key areas that don’t yet provide the desired customer experience. 2. The Roadmap.
.- World Economic Forum, The future of last-mile ecosystem, Jan 2020. Technavio, Last Mile Delivery Market in North America by Service and Geography – Forecast and Analysis 2021-2025, Jan 2021. – World Economic Forum, The Future of the last-mile ecosystem, Jan 2020. Micro-fulfillment market, LogisticsIQ, 2020.
For example, brand manufacturers and retailers—are beginning to perform life cycle analysis of their products to ascertain the environmental impacts of the products they sell. the Food Price Index rose 20% since 2020-21; source: BCG research), capacity constraints in logistics resulting in significant price increases (i.e.,
billion in operating cashflow by 2020, compared with the $700m forecast for Delphi Technologies over the same period. According to Richards, this has changed with developments in technology and the accurate analysis of complex data sets, or ‘big data’. That changes the way we source and it changes the way we design the network.”
The military initially was the leader in drone use, but corporations also are adopting them to survey construction zones, deliver packages and monitor inventory in warehouses, among other tasks. Read: A New Age of Future Jobs and 10 Skills You’ll Need to Master in Order to Succeed by 2020. References. Brown, S.; Pierson, Ph.D.;
Certainly no company could have foreseen the shutdown of the global economy in the early months of 2020 — or the continuing effects of COVID-19, such as port closures, throughout 2021. While some recovery has been made, employment levels are still short of February 2020 levels by 33,000 jobs. million employees.
“Although a number of surveys show consumers say they want sustainable products, only a small percentage of them are actually willing to pay more to buy sustainable products,” Sheffi notes.
In the manufacturing sector, we will see it come into the front by the end of 2020 completely.
An off-cited analysis from McKinsey in late 2017, for example, found automation could destroy as many as 73 million US jobs by 2030, about one third of all jobs in the country. In additiion I realize it’s difficult to understand what goes into the customer survey, but would I assume specific metrics are being asked.
As the market continues to evolve, a recent shopping survey from analytics and strategic insight firm Brick Meets Click and e-commerce technology software company Mercatus unveils the uptick was driven by a rebound in monthly active users (MAUs) and a higher average order value (AOV). billion, up 0.9 percent year-over-year.
Savings will focus on reducing fixed operating costs beyond product and transportation expenses that were “built up as a result of the rampant increase in transactions during 2020 and 2021,” McPhail said. small businesses, from bodegas to florists, to deliver its packages by the end of the year. percent) and transportation and warehousing (5.3
I want to say a special thank you to Steve Banker and Conrad Hanf who I have worked closely with for the last 10+ years on Logistics Viewpoints as well as countless research projects, surveys, and events. I’d also like to thank Clint Reiser, Mike Guilfoyle, and Andy Chatha. Cargo imported into the U.S. from May’s 2.24
A recent survey by Bizrate Insights found that “60% of purchasers switched to online shopping rather than in-store during the pandemic” Further, “32% of them expect to continue to shop online, even after the pandemic”. Further, by using trusted blockchains and advanced data analysis, one can identify demand requirements.
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