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In the year of the pandemic, technology is more important than ever for supply chains—here are four more technological trends to pay attention to in 2020. Last week’s article covered four of the most prominent technology trends this year as outlined by Gartner. Supply chain technology comes in many forms.
2020 Supply Chain and Logistics Trends: What’s Around the Corner? I was a little late getting started in 2018, and we were already into 2019 when I got round to publishing my usual trends article. Happily, though, that’s not something you can expect to change in 2020. It’s that time again… Well, almost!
DDP Incoterms 2020 : A Few Quick Points Delivered Duty Paid (DDP) Incoterms works on any type of transport (air, land, rail, sea, etc.) Delivered at Place Unloaded is a new Incoterm introduced in the 2020 version. The post Shipping DDP Incoterms 2020 appeared first on Globalior.
EXW Incoterms 2020 : A Few Quick Points Ex Works (EXW) Incoterms can be used for all modes of transport and even when there are multiple modes of transport involved in transportation. For example, if the cargo is out of gauge, it must be clear whether delivery is made inside the seller’s warehouse or at the dock.
Come January 1st, 2020, industries dealing with the international transportation such as the ocean freight industry will bid farewell to the current version of Incoterms, and ring in the new. Incoterms 2020 will see significant changes that will affect importers and exporters across the globe. Main changes in Incoterms 2020.
CPT Incoterms 2020 : A Few Quick Points Carriage Paid To (CPT) Incoterms can be used in any mode of transport. This article also links to an Incoterms 2020 chart that provides comprehensive coverage of all important points traders need to know when choosing the right Incoterm to use for their shipments.
COVID-19 caused a global upheaval in order fulfillment processes throughout 2020. For example, the Delta variant of COVID-19 may cause an increase in infection and disruptions to business in the fall. We obtained insights into experiences from the prior year (2020) and expectations for 2021 and beyond.
As can see, most of 2019 and the first part of 2020 saw a market where freight volumes were easily handled. Then March 2020 happened. That was quickly followed by a freight injection and for the latter part of 2020, and all of 2021, the market struggled with a lack of capacity to handle the record freight volumes. Figure 2.1:
DAP Incoterms 2020 : A Few Quick Points Delivered At Place (DAP)) Incoterms can be used for all modes of transport and even when there are multiple modes of transport involved in transportation. We have a more comprehensive article on Incoterms 2020 that you can find here.
For example, if a company in Norway is selling on CIF terms to a company in Singapore, the sales contract should at least mention: CIF (Keppel Port, Singapore, Incoterms 2020) Shipping CIF Incoterms: Delivery & Transfer of Risks Delivery happens when the seller places the cargo on the vessel.
DPU Incoterms 2020 : A Few Quick Points Delivered at Place Unloaded (CIP) Incoterms can be used for all modes of transport and even when there are multiple modes of transport involved in transportation. The post Shipping DPU Incoterms 2020 appeared first on Globalior.
For example, if the seller is in Singapore and the buyer is in the United States, the sales contract should mention: DAP ( buyer’s warehouse ) Incoterms® 2020. For example a manufacturer with a strong existing distribution network may want to use DAP on their exports.
FCA Incoterms 2020 : A Few Quick Points Free Carrier (FCA) Incoterms can be used for all modes of transport. We have a more comprehensive article on Incoterms 2020 that you can find here. The post Shipping FCA Incoterms 2020 appeared first on Globalior.
This article is from Patrick Byers, DevOps Engineer at Lucas Systems, and looks at fortifying warehouse and distribution centers against cybersecurity attacks. A 2020 cyberattack at TFI International, one of the largest trucking and logistics companies in North America, forced them to resort to manually sorting.
Let’s look at some of its real-world uses in 2020 across the public and private sectors to see which prominent players have embraced blockchain, to what end, and what kind of inroads it’s making into the supply chain environment. Examples of Blockchain in Food Supply Chains. Other Food Industry Blockchain Initiatives.
For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% increase from 2020. According to a recent article, Maersk Line is expecting container volumes to drop by 4% in 2023 globally, while their previous forecast was 2.5%. The global GDP growth rate for 2022 was 3.08%, a 2.94% decline from 2021.
We have published extensive materials including Incoterms charts to help traders understand Incoterms® 2020. For example, under the FCA terms delivery can be made either in the seller’s warehouse or at a predetermined place agreed between buyer and seller. The post Chart of Incoterms 2020 appeared first on Globalior.
The article states that Fabric customers communicated that they wanted to use Fabric technology directly in their own warehouses, rather than contracting with Fabric to serve as a 3PL managing fulfillment operations with Fabric technology. This sounds like another example of supply chain whiplash (start and stop) to me.
This article is from Audrey Dong, from KNAPP , and looks at e-commerce in China and the impact of Singles Day. For example, the gross merchandise volume of Alibaba Tmall has increased from $5 billion in 2013 to $78 billion in 2020 as below chart. billion in 2020. To read the full article, click HERE.
Both a leading third-party logistics provider (3PL) and a spot market load board operator have argued that the prices will experience a turnaround in 2020. They are of the view that after June 2020, the contract truckload rates are going to start rising again. For example, the PPI is expected to rise by 3.2% Spot rates.
In this article, we explore Invoice Reconciliation tools as a core piece of every digital 3PL/freight brokerage’s operations. And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. Digitize Invoicing to Eliminate Errors and Guard Cash Flow.
This article is from Asena Denizeri & Anil Gurbuz at Solvoyo and examines the challenges around supply chain planning for 2022 and beyond. Since the start of the Covid-19 pandemic in 2020, the world has dealt with supply chain issues. To read the full article, click HERE.
This article is from Emerge and offers tips for trucking companies to decrease their insurance premiums. As an example, from data taken from the ATRI report, in 2020 a small fleet of fewer than 20 trucks would have paid about three times as much as a large fleet with more than 1,000 trucks. To read the full article, click HERE.
After a year dominated by a pandemic, many of the anticipated trends heading into 2020 have been reconsidered—here are 6 to be mindful of going forward. This article by Morai Logistics presents 6 of the most prominent trends in supply chain today. Agility is More Important Than Ever. COVID-19 has done little to dampen that demand.
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.”. A Positive Example. Natural disasters.
According to an article by the U.S. For example, Evans has implemented a new Machine Vision/AI Automation System to quality check packages for accuracy. The post The Warehouse Labor Shortage in 2020 appeared first on Evans Distribution Systems. Generational Differences. Redefining Jobs with Automation.
This article, which is focused on the different types of artificial intelligence used and the types of problems they are solving, is aimed at helping practitioners cut through the hype. Lead times, for example, are a critical form of master data for planning purposes. Artificial intelligence is beginning to be used to update the data.
Disclaimer: This article is a zoom out for the less freight-inclined. In the last quarter of 2020, it became clear cargo rates weren’t coming down anytime soon. For example, with the current steel shortage , factories aren’t able to produce as many cans as usual. Let’s talk freight. . Enter, a global container shortage.
Article Summary. billion USD between 2020 and 2024. Walmart, UPS, and Boeing , for example, are incorporating VR in their employee education programmes, seeing the technology as superior for training and imparting skills to workers. The COVID-19 pandemic has wrought staggering changes in higher education around the world.
As noted in a recent Accenture report , the most conservative estimates place spending on the Industrial Internet of Things (IIoT) at $500 billion worldwide by 2020. For example, the video showcases a forklift “malfunction detected” and instructs the operator to “proceed to the maintenance area.”
Article summary. Examples of CSR Programmes. It is always helpful to look at some concrete examples when exploring complex topics. Example #1: Lego. Example #2: Salesforce. The cloud-based software company, which is headquartered in San Francisco, is a good example of corporate philanthropy.
For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. For example, interest rate hikes tend to deter lower priority investments and those that require debt financing.
When supply is limited, like trucks have been for much of 2020, and the demand stays high, freight management becomes about more than simple schedules and asking who’s available? As an example, it may be necessary to leverage drop shipping to give a manufacturer the opportunity to fill the order and manage its transportation process.
Dr. Valsecchi spoke at ARC’s Accelerating Digital Transformation in a Post-COVID World on a 5G panel and then expanded on his thinking after I sent him a draft of the article. One example of this is an application study in the Port of Antwerp, which includes one of Covestro’s largest European production sites.
What is Incoterm® 2020 DAP? The Incoterm 2020 DAP (Delivery at Place), requires that the cargo be delivered by the seller at a place designated by the buyer. For example, if the shipment is made by air and requires import clearance procedures in the country of destination. Incoterm 2020 DAP (Delivery at place): Quick Summary.
Key takewways in this article are the following: As technology and geopolitical risks converge, cyberthreats of all kinds become more prevalent and costly, from ransomware to trade-and-tariff wars. The global supply chain, for example, has been hit hard over the past 15 months, creating supply shortages and imbalanced demand.
And when we feel uncertain, humans tend to look for examples of what others in our situation have done. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions. In this article we’ll explore the definition of social proof and its importance in influencing shopping decisions.
ARTICLE SUMMARY. So I will use Sydney as an example. If you liked this article, please comment below. If you found this article, and the associated video useful, why not subscribe to the Supply Chains Secrets YouTube channel ? As a consultant, I have been dealing with this particular problem for the past 30 years or so.
Every article we publish covering logistics and supply chain KPIs piques our website visitors’ interest and receives a wealth of positive feedback. In addition, those articles inevitably stimulate readers to post questions, which, over time, we try to answer in detail by creating new blog posts to address them.
In the late summer of 2020, I was honoured with the opportunity to interview supply chain guru Deborah Dull, not just once, but three times. While all the interviews are available to view on the Supply Chain Secrets YouTube channel , I decided to create some brief articles from the transcripts. How variable are your variable costs?
Leading the field are chatbots, which allow text-based interactions, for example, between procurement managers and their suppliers’ systems. The best-known examples are the deployment of robots and automated guided vehicles (AGVs) in the warehouse. They can also answer text-based questions and pull up documents and files instantly.
Crandall, a professor in the College of Business at Appalachian State University, in an article for APICS. Bureau of Labor Statistics reports that the number of jobs in logistics will grow by 26% between 2010 and 2020, according to Crandall. A recent study by Deloitte bears out what Speier?Pero Pero is finding.
ARTICLE SUMMARY. In this article, which is based on a YouTube video on the subject, I will explain why this is so by addressing the following three questions: What is benchmarking, why do it, and how to do it? Business benchmarking is recognised as one of the best management tools around. External Benchmarking.
Welcome to the last article of “annus horribilis” = 2020. For example, if the quote is requested by the buyer/consignee of the goods from FOB Durban, they would be expecting the shipping line to be quoting only from the time the goods are on board the ship in Durban. Article republished after critical updates.
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