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Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. He is responsible for driving strategy, customer engagement, and industry analysis. He was named a Pro to Know in 2021 by Supply and Demand Chain Executive.
Data is a big buzzword across industries, but how about when it comes to logistics? William shares how they transform data into critical actionable information that optimizes and powers operations throughout businesses. Beyond The Data with William Sandoval. Our topic is beyond the data with my friend William Sandoval.
Loadsmart has launched FreightIntel AI: Their AI-powered platform that provides real-time data and insights. AI freight management analyzes data, provides ranked insights and recommendations. FreightIntel AI: Their AI-powered platform provides real-time data and insights.
Freight payment providers are upbeat heading into recovery, offering a diverse menu of solutions designed to take cost out of freight transportation by helping shippers of all sizes to “think strategically, not transactionally.”
Several challenges loom large for supply chain managers as 2021 approaches for the transportation industry. To be prepared for what 2021 has.read More. To be prepared for what 2021 has.read More. The post 5 Critical Capabilities for Supply Chain Managers in 2021 appeared first on Transportation Management Company | Cerasis.
The state of the trucking market in 2021 is uncertain, filled with risk, and continues to evolve, making logistics management challenging.? through 2021, but total retail sales will grow 7.9%. Enabling Data-Driven Decision-Making. ?Access Access to real-time data and the ability to perform real-time analysis ?enables
If we look at the situation in recent years, in 2021, the Turkish carpet export landscape was shaped by the large impact of the Covid pandemic and its effects on the global trade, resulting in a noteworthy export value of $3.25 The post Turkish Carpet Exports: A Quick Analysis appeared first on More Than Shipping.
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. The UFLPA, signed into law on December 23, 2021, specifically targets goods from the Xinjiang Uyghur Autonomous Region (XUAR) in China. market unless proven otherwise. Adding to the uncertainty, recent comments from a new U.S.
Bring your business- and tax-related questions to this live webcast presentation and discussion with ATBS President Todd Amen, breaking down results from ATBS' analysis of owner-op revenue, income and cost data throughout the year thus far.
Despite all these issues, cargo handled has rose a whopping 22% in the period of December 2021/January 2022/February 2022 compared to the December 2020/January 2021/February 2021 period according to data from the Port of Houston. The post Analysis: Should You Redirect Your Cargo and If So, Where?
It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation. Download the White Paper.
What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.
As we enter the 2021 holiday season, it is clear now that businesses are struggling more and more every day to fulfill orders from U.S. As we approach the end of 2021, many of the current issues seem to have no easy solution in the immediate future. Based on the data, the normal rate level is at -69% from the current rate levels.
After mergers and consolidations, only 9 remain in 2021. When needed, shippers should consider partnering with a logistics provider that can give data-driven market insights to drive smarter solutions for their business. But these issues aren’t a product of the pandemic alone. In 2015, there were roughly 17 global ocean carriers.
Later, 2021 arrived with port congestion issues, especially in West Coast terminals. In the following months of 2021, the container situation appeared even weirder because of rates. The supply chain crisis did not leave us in 2021. Suddenly, finding available truckers became impossible all over the U.S. Shipping rates.
As you might have guessed from the title, it’s time to start collecting more data. The Big Benefits of Big Data. Digitalization also creates the opportunity to collect data that would otherwise fall into the unknown. Simply put, good data drives better service. Simply put, good data drives better service.
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).
As 2021 begins, new growth and adjustments need freight managers’ attention to start the recovery process. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Data will ensure smooth operations and successful executions at every point along the supply chain.
It is a challenge for many shippers and carriers to know where they should put their focus and where the data directs them to go. According to FleetOwner , “ trucking companies must go where the data leads them, not where they think it is going to lead them. Why outdated data hurts carriers in the short- and long-term.
The answer is not simple and involves research and analysis across a number of factors. Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains. for Q2 2021, relative to Q2 2018. for Q2 2021, relative to Q2 2018.
By building machine learning models that properly diagnose and label excursions, PAXAFE is uniquely positioned to leverage more granular, contextual data to accurately identify when, where and under which conditions future adverse events are likely to occur. PAXAFE’s platform decreases cargo loss while improving operational efficiencies.
According to an analysis of Q2 2021data from Kelley Blue Book, sales of […]. While the U.S. The post Electric Vehicle Sales Grow 200 Percent Year over Year appeared first on NGT News.
After fairly stable pricing in the early months of COVID’s supply chain journey , the indicative spot rate to ship a forty foot container from China and East Asia to the US West Coast increased 14X from less than $1,500 per container pre-COVID to more than $20,000 in September 2021. Between May and September of 2021 alone rates tripled.
Longer lead times, complex handoffs between logistics providers, data flow between disparate systems…requires a new way of thinking for efficient inventory moves from origin to the final customer efficiently. Catania recently led his OneRail team to win the 2021 Supply Chain Leaders in Action Pitch Tank Contest.
Gulf Coast experienced little to no issues until Summer 2021. Since Summer 2021, U.S. According to data from Datamyne, for the second half of 2022, if you are in Houston or in New Orleans, space/equipment/trucking/chassis availability should be quite calm – based on the numbers only. East Coast peaked. Lastly, in the U.S.
shipzero enables transport and logistics companies to create transparency about their emissions data and manage decarbonization throughout the supply chain. The Hamburg-based data platform has received seven-figure growth funding for further product development and internationalization.
I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. Final Word.
Supply chain visibility data tracked by project44 indicates that berthing delays are causing a huge build-up of export containers within port terminals and creating a big spike in container dwell times globally. . According to latest data from project44, export containers at the Port of Los Angeles took an average of 11.85
E-commerce delivery experience platform Parcel Perform has unveiled new logistics insights based on parcel tracking volumes around 2021’s peak e-commerce season for the US and Europe. In Europe, there was 70% parcel volume growth in 2021, a significant dip from 94% experienced in 2020.
It always goes back to using data as a best practice for all aspects of freight management. Logistics automation continues to benefit from the increased viability of advanced analytics Data analytics provide a wide range of benefits for shippers that can properly harness logistics automation. Download the White Paper.
I had just reviewed KION Group’s financials that showed the Supply Chain Solutions segment (Dematic) grew by 44 percent in 2021. Similarly, a Honeywell investor presentation stated that its Intelligrated business grew by approximately 50 percent in 2021. billion of order backlog as of September 2021 and an additional $6.1
2021 came with a new set of challenges as global and local supply chains were hit by raw materials shortages, accompanied by longer lead times and higher shipping costs, lack of labor, and the pent-up demand actualizing as record-breaking sales. Data cleansing and data robustness. Network cost modeling.
Logistics in SMEs: Challenges and Opportunities SMEs, defined as enterprises with fewer than 250 employees, constitute a significant portion of the global economy, accounting for over 90% of businesses and generating approximately 60% of employment worldwide (OECD, 2021). References Accenture.
According to new reports and an analysis of market research, South Korea saw 16 new vessels ordered with a total of 820,000 tons. When the data is fully analyzed, it appears that South Korea received just under 50% of total shipbuilding orders worldwide in 2022. million tons.
More Resources Home June 18, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe – N. America weekly prices fell 2% to $1.63/kg.
Robinson’s own technology and data from the largest network in the freight industry, our partnerships with research firms and universities help our customers stay on top of the trends that influence their supply chains. If you see Class 8 truck manufacturing data, in trade press or elsewhere, remember, it isn’t all highway tractors.
An RFP is a data intensive exercise. This made the dataanalysis easier. On the inbound side, it was highly reliant on spreadsheet data. This made the dataanalysis “painful.” Really, in 2021 we were hanging on for dear life,” Mr. Masters lamented. Simmons ran an RFP between late 2021 early 2022.
Distribution cost reduction is on Belcorp’s roadmap 2021, so it would not be surprising to see more significant savings in the coming years. From a process perspective, an analysis is not enough. But most fundamentally, a company must be data driven. Decisions must be made based on a thorough quantitative analysis.
More Resources Home May 28, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices stayed level at $4.02/kg.
To compete in this constantly changing market, manufacturers and distributors need more digital-driven services such as real-time production, tracking, and analysis. In the Fictiv 2021 State of Manufacturing Report 95% of industry leaders acknowledged that digital transformation is necessary for their company’s development and success.
Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in dataanalysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022.
In this article, we show you the biggest warehouse automation trends in 2021 that could change your warehouse operations. A predictive maintenance software system connects and analyzes data using sensors like acoustic monitoring, infrared thermography, and vibration analysis. The benefits of implementing it. Let’s get started!
How has the pandemic impacted warehousing and logistics operations in 2020, 2021 and beyond? This acceleration will continue in 2021 and beyond. Data is an invaluable asset and its power is only unlocked if it is actioned at the right time to the right person to drive an improved outcome. Warehouse automation acceleration.
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