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Executives at Blue Yonder refer to this as a “cliff event.” To avoid a cliff event, Blue Yonder has proceeded by turning its supply chain applications into applications that are part traditional software code and part microservices. Blue Yonder, for example, has created a microservice for transportation optimization.
Every year, massive convention centers around the country host thirty or forty major events a year. Many more are business-to-business events at which manufacturers display their wares to wholesalers and retail buyers. However, In March of 2020, at the height of the spring exhibition season, everything changed.
To say that the pandemic made 2020 a very challenging year would be a gross understatement. Because of service disruptions – not being able to buy toilet paper, for example – the supply chain has been more discussed than ever before. During the pandemic, extreme error events rose to 38%. 2020 was different.
This year’s increased COVID-19 instances, extreme weather events, and Suez Canal closure increased the difficulties. In addition to the already limited supplies, in October 2020, an Asahi Kasei semiconductor facility specializing in ADC and DAC components caught fire.
2020 seemed a world away just a few years ago and yet, here we are. This promises to be a very eventful year. Besides the risk of extreme weather and other climate-related events, supply chain professionals are bracing for more trade uncertainty this year. What’s on the horizon for supply chain professionals?
Congestion is still impacting key transshipment hubs like Cartagena (90+ ships in port and anchorage in mid-December 2024), Freeport (21+ container ships in queue as of December 2024), and Kingston (50% above 2020 volumes and only 9% schedule reliability) these are particularly important hubs for U.S.
In 2009, The Coca-Cola Company unveiled its 2020 Vision and Roadmap for Winning Together. The system can detect a deviation from a forecast, for example, and yet understand if the deviation is in an allowable range and that an alert does not have to be generated. However, unexpected events do happen.
Planned Events for Managing Forward Orders. A planned event is when your customer has a planned event where the future demand is known; for example scheduled repairs and maintenance. This gives you a number of benefits: Planned events, such as scheduled repairs and maintenance, can take place as planned.
Prior to Via , Israel was the CEO and co-founder of Fleetonomy, an intelligent logistics and fleet management software company that was acquired by Via in 2020. For example, if a person buying groceries online chooses to process the transaction via Shipt, the consumer is using the Shipt app, and interacting with Shipt people.
At that time, I wrote about the COVID pandemic, and how similar events occur that elevate the uncertainty of the market. These events make accurate forecasting very difficult. For example, interest rate hikes tend to deter lower priority investments and those that require debt financing. Review of Prior Impactful Events.
While this example may seem extreme, this incident happened in late 2020, and there have been several other similar incidents since. Of course, most cargo arrives without issues, but if 2020 taught us anything- it is that we should always prepare for the unexpected. So, what causes cargo to go overboard?
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 Buying organizations use this technology to monitor and analyze supplier risk events in real-time. We had to go off contract and find our own.
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. In the past the event was only held on Nov.11 This year’s event featured two sales windows on Nov.1-3 1-3 and Nov.11. To read the full article, click HERE.
The coronavirus pandemic that has engulfed 2020 has certainly changed Thanksgiving planning this year, but the reality remains the same: Thanksgiving logistics are still a headache. But, because this is 2020, these logistics issues are mostly a moot point. This year, these events have pivoted. Thanksgiving Logistics: The Feast.
2020 seemed a world away just a few years ago and yet, here we are. This promises to be a very eventful year. Besides the risk of extreme weather and other climate-related events, supply chain professionals are bracing for more trade uncertainty this year. What’s on the horizon for supply chain professionals?
These major weather events affect transportation markets in the days leading up to the event and following the events in different ways. Major weather events hamper transportation markets from both the demand and supply sides of the market. The demand side of the market is an easier impact to understand.
Union City, CA – April 27, 2020 – PINC, the leader in digital yard solutions, has been recognized by Inbound Logistics magazine as Top Logistics IT Provider in 2020 because its solutions address critical logistics and transportation needs and help organizations to truly become demand-driven enterprises.
UNION CITY, CA —July 16, 2020 — Food Logistics , the only publication exclusively dedicated to covering the movement of product through the global food supply chain, has named PINC to the Top Green Providers list for 2020. The post PINC Named 2020 Food Logistics’ Top Green Provider appeared first on PINC.
30, 2020, with expected damages and losses to exceed $200 million. . Some examples of incidents that may cause loss of cargo include: Fire. Shippers have a lot on the line in the event of cargo loss. Our insurance options include all-risk and specialty coverage for various risks events, including: Weather-related incidents.
If we’re going to be able to prepare for these types of events in future, we have to identify appropriate sources of information that we should focus on all the time — not just when [crisis] manifests,” said Randy Bradley, associate professor of information systems and supply chain management at the University of Tennessee.
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.
According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 million per event. According to a study by the Business Continuity Institute and Zurich Insurance Group, 85% of companies experienced a financial impact from supply chain disruptions in 2020, with an average cost of $1.9
If 2020 and if 2021 proved anything, it’s that the omni-channel selling environment is here to stay. For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. But, as we know, supply chain conditions were far from perfect in 2020 and 2021.
Geopolitical events. 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.
Tools like Kissmetrics, for example, enable businesses to analyze marketing data to support decision-making by management. Before the COVID-19 pandemic, some studies indicated that one in two office workers would work remotely at least some of the time in 2020. Help your team work from home as the world continues to change.
Editor’s Note: This is one of the most popular posts we publish every year: our list of supply chain and logistics events to attend in the coming year. Many of the leading ERP and supply chain software vendors have customer events in various countries around the world.; Next show: March 9-12, 2020 Atlanta, GA.
Events like the blockage of the Suez Canal in 2021 have shown the vulnerability of global trade routes, pushing companies to seek more reliable shipping options. West Coast reached $8,000 in May 2024, up from $1,500 in early 2020. The Port of Long Beach, for example, is undergoing a $1.5
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. Just don’t be too quick to make changes, leaving yourself open to some unexpected future event that could end up costing you more.
Its Active WMS Solution is marketed as “the last WMS you’ll ever buy” ( see interview in Logistics Business, September 2020) and with nearly $600M in R&D spend over the past decade, it has the heft to back up the claims. But that doesn’t mean we shouldn’t take measures to reduce our dependency on, say, one country, for example.
Manufacturing companies that have relied on China for production materials are feeling the blowback of this dependence; some retailers source more than half their inventory from China, according to 2020 Statista data. In order to build a correct demand plan, one-off events have to be identified and accounted for,” wrote Ralf W.
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.
A notable example of greenwashing is when McDonald’s introduced paper straws to reduce plastic pollution. With Apple’s big event last week, the company claimed that the new Apple Watch will be carbon neutral. Unless the new Watch has been designed to suck CO2 directly from the atmosphere, he jokes, it’s not actually carbon neutral.
Lead times, for example, are a critical form of master data for planning purposes. The processing units in an oil refinery, for example, operate at high temperature and high pressure. One example of the value of machine learning in demand planning comes from Mahindra & Mahindra. These constraints need to be understood.
Plus, extreme weather events and changing storm patterns challenge seafaring vessels. as of January 1, 2020 [3]. A storm, for example, could slow the vessel down and increase transit time from one port to another. The IMO 2020 regulation has set a precedent for further restrictions to come. from originally 3.5%
Nearing the end of 2020, Maersk has remained true to that goal. For example, in effort to combat the scourge of some 6,000 weekly emails and phone calls about shipment changes, Maersk simply added on a $50 fee for manual changes in order to encourage digital bookings. By the end of 2020’s H1, that number had increased to 41%.
But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.
It’s safe to say that 2020 will not be a year easily forgotten. Current events impacting global shipping in 2021. “By It is also to be expected that new customs charges and other fees will be introduced as of January 1, 2020. More broadly, the entire GSP is scheduled to expire on December 31, 2020 if Congress does not renew.
After putting businesses through a battery of strategic-resilience tests in 2020, the pandemic continues to place new pressures on many organizations in 2021. Defined as the capacity to recover quickly from difficulties, resilience has become a core mission for companies across most industries right now. Don’t Go it Alone.
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. EasyJet, for example, uses dynamic pricing. It is still common practice to negotiate tenders privately at industry events. That needs to change.
According to a report , between 2020 and 2021 there was a dramatic growth in companies focusing on making their supply chains more resilient. For example, looking at how low-level processes could be automated can free staff up to deal with more complex issues. Not surprising as this period was the high point of the pandemic.
Latest release of DCSA’s Just-in-Time Port Call Programme provides interface standards and API definitions for all 50 port call event timestamps. The interface standards allow carriers, ports, terminals and other service providers involved in a port call to exchange event data in a uniform way, enabling automated data exchange.
That processing event determines when the goods need to be delivered to the next stop. Masters joined the company in August of 2020, the company had three business units each using its own carriers. It was quickly determined that a procurement event was necessary just to set a baseline. Then the clock starts ticking again.”
Such an event has constrained the meat supply chain more than ever, sparking fears of massive food shortages, and it comes mere weeks after the other major cyberattack to strike the US—halting the operation of the Colonial Pipeline. million in 2020. Any one of these events can create a domino effect to capacity challenges and delays.
The first part of this paper applies examples to articulate concepts and ideas relevant to understanding the reality of war. It is necessary for us in the ADF to prepare for the confluence of events that inevitable occur over a longer term than we envisage. Martin van Creveld, writing about logistics, saw that ‘….
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