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For April, the most recent month for which data is available, import volume came in at 2.15 annual gain, for its best April reading ever, compared to April 2020, when the majority of stores were closed, due to the pandemic. million TEU (Twenty-Foot Equivalent Units), marking a 33.4% This came on the heels of March’s 2.27
Founded in 2020 after 19 years in the industry, Ameriton combines his passions: supply chain consulting and personal development. #MilitaryLogisticsLessons #ResilienceThroughScenarioPlanning #LeadershipInLogistics About Kenneth Carter III Kenneth Carter , a driver turned logistics leader, is the CEO of Ameriton Freight.
To say that the pandemic made 2020 a very challenging year would be a gross understatement. Because of this architecture, E2open can access, aggregate, and anonymize the data across their customer base. For the rest of 2020, service levels stayed at 86%. 2020 was different. Forecasting Accuracy Was Terrible .
As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.
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.
The Department of Commerce lists warehousing companies, but of course, most warehouses are not owned by third party logistics or public warehousing companies. According to JLL , the CAGR between 2010 and 2020 was 1.3% Statista is a German online platform that specializes in data gathering and visualization.
Here are some data that support my view. However, GEP And S&P Global publish the GEP Global Supply Chain Volatility Index based on data derived from S&P Global’s PMI surveys. The chart below shows that the index decreased to a value below zero earlier this year, for the first time since 2020.
Obviously, that may not necessarily apply to much of 2020. And of course, it hinges on the ability to understand and maintain consistency in your metrics. . Capture and analyze data inside and outside of your network to benchmark performance. Of course, profitability losses don’t simply involve an empty trailer.
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. Of course, carriers want their transportation networks to be as profitable as possible. Think about it. Think about it.
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.
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).
Big data applications are already impacting supply chain entities around the globe, but some of its most interesting possibilities may have yet to be realized. However, the current progression of big data does give rise to some very tangible benefits to your company within the next five years. 6 Benefits to Using Big Data Applications.
But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . Of course, it all depends on the ability to stay strategic. .
In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. 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. But sometimes fixing the bad data problem is complicated.
As an entrepreneur I’ve been reflecting on this a lot: The current milestone in logistics and fulfillment is using emerging technologies to capture and leverage exponentially growing data sets in warehouses and throughout the entire fulfillment network. Data sets have grown quickly in the cloud paradigm – and they exploded in 2020.
According to Derrick Steiner of Digitalist Magazine , “Today’s leading companies are working very hard to be intelligent enterprises, capable of harnessing the power of end-to-end experience and operational data, to connecting their demand chain with their customers, who are social, mobile and shop in many channels, to their supply chain.
Supply chain leaders have faced significant challenges in the past, and in 2020, the coronavirus pandemic spotlighted the need for supply chain resilience and integration. Use Real-Time Data to Inform Your Returns Management Strategy. Among these, an integrated return management strategy can make or break successful operations.
The market, despite a slowing economy during the great lockdown, still saw growth in 2020. The COVID-19 pandemic pushed e-commerce to levels that would not have been believed in early 2020. For example, in the US, May 2020 alone eclipsed the entire 2019 holiday shopping season and $82.5 E-Commerce Continues to Surge.
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in cargo tonne kilometers (CTKs), decreased by 3.3% in January 2020, compared to the same period in 2019. There was optimism that an easing of US-China trade tensions would give the sector a boost in 2020.
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. A review of likely substitutes can inform potential changes in demand for given categories of items. Review of Prior Impactful Events.
With 2019 coming to an end, it’s important to know what the new year will bring the world of supply chains—here are 5 supply chain predictions for 2020. Going forward, many of 2019’s develops are set to continue into 2020. The post 5 Supply Chain Trends to Watch for in 2020 appeared first on Morai Logistics Inc.
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.
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 Of course it would! In the first wave of the pandemic, the challenge was getting enough personal protection equipment. “We The pandemic changed that.
Nearing the end of 2020, Maersk has remained true to that goal. The shift to full end-to-end integration, of course, leaves no one else in the middle. The first is size , of course, with Maersk running over 17% of global ocean capacity , but also selling land-services to just under 20% of those same customers.
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. As important as forecasting is, it’s agility that’s gained greater attention over the course of this year. Big Data Remains Critical. One key facet is data.
We must embrace the possibilities of Big Data, the Internet of things, blockchain technology, predictive analytics, and the growing unrest that these things bring to the industry. The Internet of Things (IoT) serves as a mean for connecting systems together, and Big Data analytics give supply chain leaders insight into granular data.
But in 2016, Philip Morris International decided to change the course of its history by leading a transformation in the tobacco industry to create a smoke-free future based on products, which while not risk-free—are a better choice for adult smokers than continuing to smoke. By December 2019 the system and model were fully live.
And, of course, then the potential recession started to tamper demand. Two of our big bets for 2020 are particularly relevant: For ocean freight, the Freightos Baltic Index (FBX) , the world’s only data-backed, IOSCO compliant, and most importantly, daily container index.
SONAR data show that the freight market for inbound Detroit loads is highly volatile based on auto production trends – inbound Detroit loads should be less expensive when OEMs are sourcing a lot of components as assembly volumes ramp up. Source: SONAR). The volatility in the auto industry has wreaked havoc on the Detroit freight market. .
billion during 2020-2024, progressing at a compound annual growth rate of 4% during the forecast period.” Near real-time data. Near-real-time data in day-to-day operations keeps rates and capacity as accurate as possible. Using near-real-time freight data proves invaluable in keeping freight broker resources in check.
You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. The prevailing effects of COVID-19 are uncertainty and disruption; the key to planning ahead for 2021 will be to analyze the effects of 2020. Supply Chain Performance: Reviewing 2020. What were your biggest challenges in 2020?
Data shows contract rates up 12% year over year. Turns out the wild rate swings of 2020 and record-setting peak rates have led to shipper bid fatigue… As we enter a new market dynamic for 2021, many are asking how best to handle their RFPs… should they delay bids while the market fleshes itself out?
Very few prognosticators could have predicted the epidemiological course of the disease, the way that public policy responses to the disease changed over time or how those policies affected consumer behavior. Again, leading supply chain teams were prepared and could integrate new data sets into their advanced planning systems.
The big theme of course, is the digitization of the supply chain and the implications it will have on business performance. In other words, for digital transformation to succeed, organizations need to be able to “take action” based on their data. Data availability and technology wasn’t what it is today. Cost-to Serve.
Many asset-based carriers utilize freight broker and data technology to recruit truck drivers and reel in new talent. And it’s critical to know how carriers can tap data and analytics technology to boost driver morale and attract more talent. . So, companies are working on retaining the workers they already have.”
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%
Over the course of four days from November 9-12, 2020, we’ll be bringing you all of the things you love about WorkWave User Conference, from value-added training and thought leadership roundtable sessions to captivating speakers and exciting contests. So don’t delay—register for WorkWave User Conference 2020 today !
As we enter a new year, it’s a great time to look back at how far we’ve come as an industry, set our next goalposts, and map out where we should be as an industry by 2020. They’re licensed to be an ocean freight forwarder, and they’ve bought some aircraft and an airport; and of course they are a huge warehousing player.
2020 isn’t what we expected. Have you seen the 2020 toilet paper memes? Supply and demand has been thrown off course since consumer interest changed. Who knew going into 2020 that the most demanded items would be hand sanitizers, disinfectants, and toilet paper? When It All Began. Shipping networks were strained.
Agile freight management is another go-to supply chain execution strategy Throughout 2020 the value of adaptability and flexibility within logistics was proven. Throughout the years to come, accurate data analysis will remain essential for effective truckload shipping. It’s that simple.
Of course not. With lots of options and aggressive marketing for online certification courses, you've probably had this question cross your mind. Now that we have that out of the way, let's talk about what you can expect from online courses. The course will most likely have end-of-section quizzes to test your knowledge.
Fast forward to 2020, and I run into Jon as the new Business Development Manager at AutoStore. And while I liked mechanical engineering, I was much more interested in operations research courses and even more in real-life material flow. He had joined the company as a recently minted Harvard MBA graduate.
Wolf | Staff Reporter December 7, 2023 The post-pandemic trend toward nearshoring of trade is on course to finish the year strong despite an earlier slowdown in broader trade activity, a shift experts view as a prelude to longer-term change. 1 Trade Partner, We’re Really at the Start of Something Much Bigger’ Connor D.
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