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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.
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. Among these, an integrated return management strategy can make or break successful operations. Use Real-Time Data to Inform Your Returns Management Strategy.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. In the report, you will find capabilities across five categories: technologies, competencies, frameworks, operating model strategies, and organizational models.
To say that the pandemic made 2020 a very challenging year would be a gross understatement. For companies trying to predict demand in March of 2020 as the world was descending into lockdown and everything was being turned upside down, what happened in March of 2019 had little to no relevance. 2020 was different. Final Thoughts.
You don’t have to hear it from us to know that 2020 has been a wild ride, the effects of which have spilled over into every major facet of our society — and retail is no exception. Of course, crazy high order volume doesn’t just come out of nowhere. At the end of the day, nothing beats a solid strategy with impeccable follow through.
2020 seemed a world away just a few years ago and yet, here we are. The Institute of Forest Management from the Technical University of Munich developed an AIMMS model that helps forest enterprises consider risks and strategies for carbon mitigation. This promises to be a very eventful year. Here are three trends to consider. .
COVID-19 and the subsequent economic fallout was a trying time for both businesses and supply chains in 2020. And while uncertainty still hangs over many businesses, others are adopting new practices to shore up their shipping strategies in a post-COVID marketplace. Preparing a successful shipping strategy for 2021.
The Aschaffenburg, Germany-based intralogistics specialist Linde Material Handling (Linde MH) has released its sustainability report for 2020. Sustainability is firmly anchored in the company’s corporate strategy. The post Linde publishes 2020 Sustainability Report appeared first on Logistics Business® Magazine.
So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services. The Post-2016 Strategy: End-to-end Shipping. Nearing the end of 2020, Maersk has remained true to that goal. Driving the Maersk Shift.
Whereas online courses and programmes were previously managed as a separate entity, they are now an integral part of most academic systems. The study showed that upwards of 30 percent of American students enrolled in at least one online course in 2018. Online courses are the quickest path for a student to obtain a degree.
No regrets strategy Implementation of activities on the ground has been ongoing in Sudan and Burundi, where the UN Refugee Agency (UNHCR) and the World Food Programme (WFP) have supplied 48,500 households with energy-saving stoves. Figure: Kavumu camp in Burundi from 2011 to 2019 Output II?—?No
an hour in July, 2016, followed by annual increases through 2020 until the minimum wage hits $15 an hour. Of course, there’s a capital cost to these systems which will not be completely absorbed by the 3PL and it takes time to research, purchase and integrate these systems.
According to a poll conducted by Deloitte, 39% of consumer and industrial products professionals found at least one instance of fraud or abuse in their supply chains in 2020. 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.
This, of course, left some large shoes to fill, and unfortunately, 2019 could not meet the mark, with freight rates falling by 27 percent as per Camino Financial. And then came 2020, a year no one could have ever seen coming. All findings point to one thing: shippers must begin planning their 2021 strategies now.
trillion by 2020. Author information Adam Robinson Adam Robinson oversees the overall marketing strategy for Cerasis including website development, social media and content marketing, trade show marketing, email campaigns, and webinar marketing. The e-commerce market is expanding. E-commerce passed $2 trillion in 2017, reports John D.
Of course, no disruption comes close to those that have been experienced to date in 2020. But this is 2020. However, AI can provide a pathway toward more proactive, responsive management strategies. Of course, even those capabilities hinge on AI to digest, interpret and act upon data. . Learn about SONAR SCI.
2020 seemed a world away just a few years ago and yet, here we are. The Institute of Forest Management from the Technical University of Munich developed an AIMMS model that helps forest enterprises consider risks and strategies for carbon mitigation. The post 3 Supply Chain Trends to Keep an Eye on in 2020 appeared first on AIMMS.
It’s a mega ship of course, or more precisely, an Ultra Large Container Vessel (ULCV). “HMM Algeciras” is the first of twelve 24,000 TEU class vessels scheduled to be sequentially delivered until September 2020 out of a total of 20, with the balance 8 planned for delivery from second quarter of 2021 onwards.
Of course, everything is dependent on the economic atmosphere of 2020. percent in 2020. Basically, 2020 is not turning out to the be the strong year that many players in the industry expected. Trucking Market Heading Into 2020 appeared first on More Than Shipping. GDP will expand 2.3 percent this year and 1.9
Last year’s list of supply chain and inventory management trends to look out for in 2020 included things like “greening” the supply chain (that is, the growth of environmentally-friendly practices in every step of the supply chain), the growth of artificial intelligence (AI) and machine learning and globalization for small- and mid-sized businesses.
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. . Of course, profitability losses don’t simply involve an empty trailer. That means that half of all assets went unused, and it even included unused drivers.
The comparative statistics of the 30th of November 2020 against the 31st of January 2021 indicate a dramatic spike in just two months. There was an incident involving ONE Apus, resulting in more than 1800 containers going overboard at the close of November 2020. Some estimates indicate that a total loss of $200 million is likely.
Supply chains will survive COVID-19, of course, but not without interim pain and structural change. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If Erratic consumer demand adds further dysfunction. Today, China represents some 16% of global GDP.
It was predicted the industry would be down approximately 200,000 drivers by the end of 2020. There just are not enough drivers to maintain the amount of freight that needs to ship, especially since the pandemic hit in early 2020. The industry is growing and will only continue to suffer from finite trucking capacity.
The investment forms part of the company’s strategy to expand its training portfolio to facilitate with the new CACES (certificate of safe driving skills) training reforms, which came into effect on 1 st January 2020. Some 3,000 trainees undergo training each year at this centre, 500 of them doing CACES forklift operation training.
Since 2020 alone, changing customer demands, port delays, labor shortages, supply shortages and evolving government regulation have all contributed to the industry’s technology arms race, causing many hesitant players to jump on the technology bandwagon – in a hurry. Try a second unit and so on. SaaS and automation make a perfect match.
Today, we take a comparative look between the 2008 Shipping Crisis and the Shipping Crisis of 2020-2022. Since the beginning of that reform in 1978, world trade has increased in volume greatly, and China’s strategy to be the factory of the world changed the world’s view on production. Conclusion.
Of course, it all depends on the ability to stay strategic. . For instance, here are a few KPIs that go into the overall strategy for how carriers price transportation: MILES PER TRUCK PER WEEK (MILTR) – Every driver in the fleet will come under scrutiny at some point. Download the White Paper.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. In the report, you will find capabilities across five categories: technologies, competencies, frameworks, operating model strategies, and organizational models.
Data sets have grown quickly in the cloud paradigm – and they exploded in 2020. Leveraging different models of thinking, representing key metrics using data aggregation, exposing real anomalies, and recommending a course of action based on operating models will make businesses smarter. The rise of autonomous technologies.
Sharing Supply Chain Secrets Globally My Goal for 2020. I have some big plans for that enterprise in 2020, and I’m looking for a little help in developing them because we’re going to take the concept on tour. Supply chain strategy development and alignment. Rob O’Byrne, Founder, Supply Chain Secrets. Procurement and purchasing.
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.
In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Forecasting is based on the presumption that history repeats itself.
John Perry, managing director of SCALA , a leading provider of management services for the supply chain and logistics sector, comments on the year ahead: 2020 has been an extremely turbulent year, with the public, businesses and the supply chains that serve them feeling the effects. We must primarily consider the economic fallout from 2020.
Omnichannel marketing is the marriage between brick-and-mortar and e-commerce retail strategies. Why Retailers Need a Holistic Strategy. Total e-commerce sales for 2020 were estimated at $791.7 Total e-commerce sales for 2020 were estimated at $791.7 Total retail sales in 2020 increased 3.4% (±0.4%) from 2019.
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%
with great success, and we hope to roll that out in Europe in due course. For example, our load and mode optimisation strategies help customers to leverage headhaul and backhaul capacity, resulting in reduced empty miles and effective utilisation of transportation equipment. Read more through our 2020 sustainability report.
Having the right balance of shipping cost and performance to meet customer expectations while preserving margins requires a supply chain strategy that considers your company, markets, and customers. Developing the right strategy and executing it well has numerous benefits for both you and your customers.
Logistics in War began 2020 by announcing that it would focus on preparedness and national resilience. Many of these articles have sought to show how logistics, the bridge from the economy to the battlefield, wields its power over military decisions, preparedness, strategy and tactics. By David Beaumont.
Nonetheless, supply chain management has had to respond to this changing landscape, regardless of nature of the changes, as strategies that might have been on the horizon prior to COVID-19 are now imperatives for survival. In 2020, that already incredible growth became even greater. The Ecommerce Boom.
I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. Now of course, companies must map out the potential impacts of the Russia Ukraine war. electricity generation in 2020.
2020 was a monumental year for eCommerce, but not in the way any of us expected. Having more than one strategy makes it easier to reach a compromise, which is ultimately what you’re looking for when you’re caught in an eCommerce pickle. Unless, of course, it’s a cartoon piano falling out of a high-rise apartment.
Online shopping has been growing steadily over the past few years, and 2020 was a tipping point. E-commerce volumes skyrocketed due to lockdowns, with sales figures increasing by an astounding 44% over the course of 2020. Rising e-commerce demand has caused a general disruption in all industries in today’s marketplace.
Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Amazon did not invent the random storage approach. Book your free consultation.
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