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In addition to the current economic issues caused by COVID-19, there are other significant events in 2020, such as the U.S. presidential election and the United States-Mexico-Canada Agreement (USMCA) implementation, which could directly affect international trade.
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?
Solace , a leader in powering real-time event-driven enterprises, has announced the results of an industry-first survey on event-driven architecture (EDA), shedding light on how organisations are striving to incorporate real-time data and event-driven architecture into their IT landscape.
The International Air Cargo Association ( TIACA ) announces the launch of a new event series: the TIACA 4Cargo Conferences and Workshops, designed for subject matter experts and thought leaders in specialized cargo domains such as Airports, Sustainability, Drones and more. We loved it!”.
2020 was full of surprises. We put together a survey with our partners at Districon to better understand these challenges and offer ideas for improvement. Industries that deal with lots of daily fluctuations were among the most heavily represented in our survey. Namely, manufacturing, food, and healthcare.
2020 was a year of extremes – particularly for logistics businesses, where a global pandemic polarised the sector, creating both winners and losers depending on how end-user markets were impacted. 2020 – a year like no other. in 2020 – its lowest level since the survey began in 2012. 2020 really was a year like no other.
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. Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity.
These disruptions, which will only get more frequent in the coming years as major weather events wreak havoc on freight transportation, have supply chain stakeholders scrambling from crisis to crisis. Regulations may be more of a driver in the future. How can companies hit the ground running on creating a sustainable supply chain?
With the events of 2021, including the attack on the Colonial Pipeline earlier this year, the importance of supply chain cybersecurity is among the most in-demand factors driving adoption of third-party systems and resources in logistics. Technology tools that are easy to use were cited as critical features among 93% of survey respondents.
As supply chains become more impacted by market disruptions and unpredictable events, they’re also becoming more critical to a company’s customer experience levels and bottom line. Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events.
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.
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. According to a survey by NCSolutions (NCS), 80 percent of Americans still plan on celebrating Thanksgiving this year. This year, these events have pivoted.
When the pandemic started in 2020, no one could foresee the impacts of the global supply chain disturbances would last this long. We can say things have changed, and the pandemic is not just an anomaly event after all. Here we are, two years after the start of the pandemic, and we are still very much feeling the effects.
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?
In a subsequent Whitehouse.gov blog post, titled ” Historical Parallels to Today’s Inflationary Episode ” the authors’ conclusion stated, “ No single historical episode is a perfect template for current events. percent increase from July of 2020. The estimate of $617.7 billion represented a decrease of 1.1
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 survey by the Global Supply Chain Institute, 59% of companies reported that supply chain disruptions resulted in increased administrative work. million per incident.
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.
The ATA creates the tonnage index through a series of surveys of its members. The anonymity of the survey and companies participating prevents us from understanding the percentage of tonnage each company accounts for or the type of freight being shipped. In April of 2020, we saw the index dip down to its lowest figure since 2017.
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.”. Natural disasters.
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)
Change can creep imperceptibly, so sometimes it takes a major event to wake us up. A year later their survey revealed that companies were more likely to have increased inventory than originally planned and less likely to have made other planned changes to suppliers and networks.
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. Survey respondents were divided roughly equally between 3PLs, retailers, manufacturers and wholesalers.
Epicor Software Corporation has today released its 2020 Global Growth Index, a report that explores the growth trajectory of companies around the world and provides insight on how business leaders are using technology to support and drive growth initiatives. The survey did not knowingly poll customers of Epicor.
The Great Place to Work® survey uses validated employee feedback gathered anonymously, to confirm that at least 7 out of 10 employees have a consistently positive experience at Trinity Logistics. Sarah Ruffcorn, President of Trinity Logistics, states, “Trinity Logistics is proud to announce it is a Certified Great Place to Work® for 2020.
Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact. Prepare your supply chain for different types of disruption.
This week, for example, CCJ reported that “60 percent of fleets running between 1 and 100 trucks have yet to adopt ELDs, according to a recent survey conducted by CarrierLists.” According to the survey results, only 33 percent of small carriers have fully integrated ELDs into their fleet. and part of me says “This is so scary!”
Experts are calling it now…”Thanksgiving is going to be a bigger shopping event than previous years.” A new survey conducted by the CCJ highlights the satisfaction (or lack thereof) drivers have in their field today. 2020 put global trade on the roller coaster ride of its life. Get the details here. Check it out.
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.
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%
By Patrick Burnson, Executive Editor · May 11, 2020 In addition to the current economic issues caused by COVID-19, there are other significant events in… The post DHL Survey addresses COVID-19 impact on international trade appeared first on 24/7 Customs Broker News.
Since 2011, the World Shipping Council (WSC) has undertaken a survey of its members to accurately estimate the number of containers that are lost at sea each year. The WSC represents most of the major container liner shipping companies that operate more than three-quarters of the global containership capacity. Containers Lost at Sea.
year-on-year in 2020 with a 39% increase in Q1 2021. Preliminary results from a Lucas-commissioned survey of 350 companies in the US and UK found that the majority of the companies are already employing AI in one way or another within their warehouses and distribution/fulfillment centers. Data from the U.S.
According to a June survey of 84 National Association of Chemical Distributors, nearly 85 percent of distributors report at least one imported item as out-of-stock. Since March 2020, a perfect storm of events has been putting severe strains on the supply of plastic raw materials, base plastics, and compounded plastics.
High-deductible health plans are replacing many traditional health plans, SHRM's 2019 Employee Benefits survey shows. Also note, as your employee’s life events occur so do their needs to have a better understanding of some benefits they presently do not participate in.
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries. For more information on the research, click here.
One of the biggest impacts of decoupling in the supply chain is that it helps minimize the impact of unexpected events. Spreading production across multiple countries or regions can mitigate the risk of production halts due to unexpected events. Country of Origin 2020 2021 2022 2023 (first 9 months) CHINA 9.80 M VIETNAM 1.86
Good intentions aren’t enough Three years on from Covid-19 caused widespread economic and social disruption, the new Board Planning Transformation Benchmark Survey asked 2,450 decision makers across the UK, US, Germany, France, Italy, Japan, Australia and Singapore how they are faring in light of a series of economic ‘unprecedented’ events.
A poll* by intralogistics innovator Dematic has found that while many people are planning early Christmas purchases in response to warnings of supply chain delays, 3 out of 4 (76%) online shoppers are not planning to take advantage of this year’s ‘Black Friday’ event.
Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. In a McKinsey surveyed, 59% of participants stated that a lack of executive vision was a significant obstacle to the digital transformation of their organization. [2] The payoff is well worth it.
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.
SYSPRO listens to different perspectives at two events in Kenya – one the CIO view and the other the CFO view on Digital Transformation – both November2021. in 2020/21compared to growing 2.5% 41% of surveyed companies have not enumerated their ROI from digital investments. Here we shared our experiences.
Last Friday was Earth Day , an annual event on April 22 to demonstrate support for environmental protection. Shippers’ outlook on rates, capacity and inventory levels are matching attitudes not seen since May and June 2020, when pandemic lockdowns sent freight volumes into a historic decline. That’s all for this week.
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.
2020 was full of surprises. We put together a survey with our partners at Districon to better understand these challenges and offer ideas for improvement. Industries that deal with lots of daily fluctuations were among the most heavily represented in our survey. Namely, manufacturing, food, and healthcare.
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