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Wednesday, January 22, 2020 AI Investment Reported to Reduce Supply Chain Costs A survey conducted by McKinsey and Company reported that 61% of survey respondents saw a reduction in supply chain planning costs as a result of using artificial intelligence. Public Warehousing Market Expected to Grow by $37.2B
2020 seemed a world away just a few years ago and yet, here we are. Our recent Demand Forecasting survey shows that teams anticipate more complexity in the supply chain. Companies are already realizing that for S&OP meetings to be effective, they need to get to insights faster. This promises to be a very eventful year.
The International Chamber of Shipping has released the Shipping Industry Flag State Performance Table for 2020/2021. As of 2020, Panama led the flags of registration by dead-weight tonnage with over 7,886 ships registered in Panama. Meeting of reporting requirements. Attendance at IMO meetings & Member State Audit.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. AIMMS in Gartner’s Hype Cycle for Supply Chain Strategy, 2020.
A 2023 survey by the International Trade Centre found that 73% of small and medium-sized enterprises identified regulatory compliance as a major barrier to international trade. Rules of origin dictate whether a product qualifies for reduced tariffs, and failure to meet these requirements can lead to unexpected fees.
A recent survey of 200 supply chain management professionals across companies with 500+ employees, conducted by Edelman Intelligence, has found market insights, confidence levels and trends for this peak season and beyond. Even with that in mind, 85% of those surveyed have a positive view of how their revenue will look in the next year.
We recently surveyed CFOs and finance executives in the manufacturing and distribution sectors to study how the pandemic has impacted their businesses. Among key insights , we learned that finance leaders are realigning their 2022 priorities to meet changing business needs. 3. Improving visibility into performance.
Supply chain executives are braced for a global slowdown and see a threat to emerging markets, according to Agility’s annual survey. Bosses anticipate a recession in 2020 amid concerns about downward pressure on global trade volumes, uncertain growth prospects, and ongoing friction between the U.S.
The 2021 peak shipping season is on track to break records, and for months, industry experts, including Inbound Logistics, have discussed how the ongoing peak of e-commerce from 2020 will lead to added pressure for this holiday shopping season. Supply Chain Confidence Remains Strong Despite Slight Setbacks .
The annual report is based on ATRI's vigorous surveying system, a cumulation of responses from truck drivers, motor carriers and other industry stakeholders. For the past 17 years, the American Transportation Research Institute (ATRI) has released its yearly report on the top issues facing the transportation industry.
Nearly two-thirds of businesses responding to the 2020 Gartner Sustainability Survey said they were pressured by customers to invest in sustainability initiatives while 48% said pressure was coming from investors and 48% cited regulators. Here’s how many companies are turning to their supply chains to meet their ESG goals.
The National Private Truck Council 2021 Benchmarking Survey Report provides fleets with new industry standards to evaluate performance and identify opportunities for improvement. The 2021 NPTC Benchmarking Survey Report, which is sponsored by Penske, captures critical metrics from the 2020 calendar year, which was a time like no other.
Technology tools that are easy to use were cited as critical features among 93% of survey respondents. Technology tools, notably desktop and mobile-enabled capabilities, were listed as in-demand benefits of 3PL partnerships among 86% of survey respondents. Download the Report: 2021 Peak Shipping Season Survey.
I read earlier this week that pressure on the supply of critical materials will continue to mount as road transport electrification expands to meet net-zero ambitions. In a recent report, IEA indicated that global battery and mineral supply chains need to expand ten-fold to meet projected critical minerals needs by 2030.
2020 seemed a world away just a few years ago and yet, here we are. Our recent Demand Forecasting survey shows that teams anticipate more complexity in the supply chain. Companies are already realizing that for S&OP meetings to be effective, they need to get to insights faster. This promises to be a very eventful year.
Körber , the global supply chain technology leader from software to materials handling automation, today announced the results of its 2020 State of Supply Chain Complexity survey. meeting consumer expectations for speed, cost and adaptability. More businesses are paying attention to these supply chain headaches.
percent increase from July of 2020. Fiore, Chair of the ISM Manufacturing Business Survey Committee, was as follows, “Business Survey Committee panelists reported that their companies and suppliers continue to struggle to meet increasing demand levels. The estimate of $617.7 billion represented a decrease of 1.1
So to meet capacity, airlines started to convert passenger planes into cargo planes at scale. In the last quarter of 2020, it became clear cargo rates weren’t coming down anytime soon. A third of all cargo is carried in passenger planes. Credit: Lufthansa ). But back to those containers… The cost of global shipping rises.
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)
Unless manufacturers change, they will find that their ability to forecast demand, and determine what to do to meet it, will be challenging. 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.
When the pandemic started in 2020, no one could foresee the impacts of the global supply chain disturbances would last this long. As most of the common pain points and challenges from 2020 continued to be still relevant in 2021, many retailers accelerated their search for next-generation planning capabilities. Response to disruptions.
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.
Stage 3: (2011-2020): The rapid growth of e-commerce in China has created a high demand for warehouse management, pulling China’s local suppliers to grow rapidly. According to several surveys, less than 1/3 of the companies active in the WMS market focus on WMS as their main product. in order to have a competitive advantage.
As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.” The sudden surges of 2020 are not one-off scenarios. Request a SONAR Demo.
Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. The hyper-focus on meeting customer expectations is also creating pressures upstream in the supply chain, as manufacturers extend visibility and collaboration beyond their own walls to avoid any disruptions.
Retailers such as Walmart have rigorous standards and will only purchase from suppliers who meet these standards. About 11% of carriers have vehicles that use a fuel other than diesel or biodiesel blends, according to a 2016 survey by ATRI. Lately they have upped their game and many have in place ambitious goals for 2020.
2021 is still carrying over problems from 2020. Hours of Service regulations have been amended as of June 1st, 2020, to provide greater flexibility without compromising the original intent, which is safer driving practices for truckers. More drivers responded to the survey increasing the data pool by 43% (11,696 participants).
A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. Initiatives that will meet your ROI as a CEO will be guided by and from the factory floor data itself. ERP reduces operational and administrative costs.
The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future. million positions may go unfilled by 2020. 30% of respondents in an APICS survey stated lack of knowledge transfer or training was a key challenge, among the top 5.
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.
million shoppers hit the stores and the internet to capitalize on Black Friday and Cyber Monday deals, according to a survey by the National Retail Federation. The top gifts were clothes and accessories, which about half of those surveyed purchased, and toys, which nearly a third of people surveyed bought.
2020 Freight Shipping Outlook. Looking forward to 2020, some experts are looking at the first two issues — a lack of vehicles and shortage of drivers — from a different perspective. For 2020, new tolls being deployed by states could become a factor. Freight Shipping Factors Changing. Here’s why. More Trucks on the Road.
percent from 2010 to 2011, and predictions estimate that business-to-business (B2B) sales resulting from e-commerce will make up the majority of sales by 2020, reports Four51. A recent survey, conducted by Handshake , found more than 79 percent of companies providing B2B sales already have customers clamoring for online ordering.
When the COVID-19 pandemic began wreaking havoc in global supply chains early in 2020, many companies realised that they didn’t have the resources, personnel, or computing infrastructure to deal with the disruptions. percent between 2020 and 2027. 4PL companies often contract 3PL providers to carry out logistics services for them.
According to McKinsey’s latest consumer pulse survey, Spending in March 2020 was down by 18% as compared to two years later. The post Revenge Festivities: How To Power Up Your Retail Last-Mile Fulfillment To Meet Soaring Demand appeared first on Locus Blog. Schedule Demo. Sources: [link] [link] [link] [link] [link] [link].
According to Jeff Berman of Logistics Management , “Due to a confluence of COVID-19-driven factors, including reduced consumer demand, lower import levels, heavy job losses, the ongoing United States-China trade war, and overall economic unease, a case can be made that the 2020 peak season is shaping up to be much different than normal.”
Thanks to the experts involved with WorkWave Payments and our recent market data, we are happy to share our insights into what we can expect from payments in 2020. edition of the 2018 Global Mobile Consumer Survey from Deloitte. The demand for app-centric payments will continue to grow. Redefining wallets is the way of the future.
This all makes sense given the rapid change in consumer power in the economy as well as the task by Supply Chain Directors to remain efficient, meet customer demand, all while driving value up and costs down. He predicts that this will rise to just over 50% by 2016 and to more than 80% by 2020. Top Supply Chain Blog Posts for 2014.
High-deductible health plans are replacing many traditional health plans, SHRM's 2019 Employee Benefits survey shows. This may be the year to re-group and review how your organization’s health and benefits plans meet your talent and retention goals. Flexible Spending Accounts (FSA) Limits: Contributions - $2750 (up $50 from 2019).
Two-thirds of UK consumers now believe the Government should crack down on online delivery CO2 emissions and force online retailers to invest in more sustainable options, a new survey has found. Retailers can easily meet this demand by offering a sustainable option alongside existing delivery options and highlighting it with a special icon.
To provide a comprehensive overview, the author draws from various academic studies, reports, and surveys to shed light on the latest trends and best practices in supply chain management. These often include unpredictable demand fluctuations, a scarcity of capital, and an absence of established supplier relationships (Blank & Dorf, 2020).
His definition is closely linked to the concept of sustainable development, which the 1987 Brundtland Report describes as ‘‘development that meets the needs of the present without compromising the ability of future generations to meet their needs’’. A Reputation Institute survey found that 91.4% You get the idea.
If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the resiliency test. 2020 Was A Year Of Supply Chain Disruption. In 2020 companies across virtually every industry faced supply chain disruption due to COVID-19. What do we mean by that? Overall, U.S.
The air carrier says the facility was built to meet the surging demand on highly-sensitive and temperature-controlled shipments. The refrigerated warehouse was opened in conjunction with the launch of FlyPharma, a new product designed specifically to meet the growing needs for the pharmaceutical and life sciences sector.
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