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2021 will be remembered as an unprecedented year of supply chain disruption and market volatility creating a host of challenges for shippers and carriers alike. Without further ado, here are GlobalTranz’s top posts of 2021: #1. New Survey Highlights Confidence in Supply Chain Operations Despite Challenges.
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. As a researcher at Michigan State’s Broad College of Business, I will explain how I arrived at this figure, based on available data. for Q2 2021, relative to Q2 2018.
In ransomware attacks, you either pay to get access to your network again or spend a lot of time and money while risking your company’s data to recover access. Not Just Your Data. Many of the cyber attacks are trying to access customer data from a third-party organization. Prevention and Early Detection.
2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. With that in mind, here are a few trends for 2021 that could help your business outlast the pandemic: Supplier Diversification. Automation.
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.
Using SONAR data, the team can pre-empt the most unusual of circumstances, such as container shortages, problems managing drayage, handling LTL consolidation, and more. KCH Transportation has strong goals, including growing the company with new clients in 2021. Making data-driven decisions easier and more effective. “We
According to data from supply chain visibility tech provider Project44, Florida will see a decline in truckload performance due to the damage and flooding, but rates leading up to Milton’s landfall were stable. Now those trucks are not where they thought they were going to be, so now we have to find other trucks there.
Data analytics for logistics can make all the difference in the world when it comes to reefer truckload service delivery efficiency. However, the data [that powers them] hasn’t previously been utilized to its full capacity until recently.” Take the example of RCRPMF.USA in the image. last year and $2.19 the year prior.
These issues are easily avoided by using trucking data and analytics that provide real-time visibility. Asset-based trucking carriers that utilize data and freight analytics to track their assets can fight back against these issues by only choosing headhauls where a backhaul opportunity is likely. Request a SONAR Demo.
Successful supply chain management depends on the ability to collect data and apply it accordingly. As explained by Grainger , “In today’s global economy, technology trends like the Internet of Things (IoT) and Big Data have become an indispensable part of everyday business. And major companies have taken notice.
The latest World Manufacturing Report, reveals that industries that adopted new technology started recovering faster from the pandemic, with increases of at least 10% in the first quarter of 2021, while low-technology industries registered a comparably lower growth rate of only 5.8%. Use ERP to improve operations and efficiency.
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.
As COVID-19 continues to reshape the supply chain, we're looking ahead to the emerging trends in warehousing you need to be aware of to ensure your organization thrives in 2021. Five Emerging Trends In Warehousing To Prepare For In 2021. The warehouse of 2021 and beyond will be as much of a technology center as an inventory center.
Data provided to American Shipper on Wednesday by project44 listed 36 vessels affected by the canal blockage. For the Ever Given as an example, as of yesterday, the schedule posted by Evergreen the expected ETA of the vessel into Rotterdam was April 1st, 2021 (with a scheduled departure date of April 3rd, 2021).
The societal and economic challenges of 2020 have constructed a positive outlook for transportation in 2021. It would be an oversight to kick off a 2021 outlook without addressing the structural changes to supply and demand as a result of what 2020 materialized into. Request a SONAR Demo.
Look no further that the blog of the Whitehouse Council of Economic Advisors for commentary on the connection between supply chains and inflation. Data as recent as the end of June 2021 show that inventories remain below 1.3 I question if this is a data anomaly. Whitehouse Council of Economic Advisors. Yesterday, the U.S.
But knowing what’s happening based on historic, peer and market data can help shippers figure out how carriers price freight loads. Here are a few things managers need to keep in mind when working with real-time freight data for pricing purposes. . Shippers may not track this data independently.
This article shares details on the Truck Tonnage Index, how the data reflects the overall economy, and other ways to interpret the data. Data Collection. The index is updated every month but experiences a one-month lag between data compilation and reporting. The tonnage index for July 2021 was 109.8,
July 19, 2021 — Evans Distribution Systems, a third-party logistics provider, has been recognized as a “Top 100 3PL Provider” by Inbound Logistics for the 19th consecutive year. After navigating through the pandemic, Evans managed to roll out several key initiatives to drive growth in 2021. MELVINDALE, Mich.
Todd Maiden reported Wells Fargo believes 2021 will be a banner year for container shipping on the rails, citing strong year-over-year comps and sustained import growth. Trucking has a decisive advantage on shorter, irregular runs moving in or out of less populated regions, which are also core reasons to view lane-by-lane market data too.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. This is a significant shift from late 2021, when 93% faced serious disruptions. In other words, this is a far cry from 2021 and its dramatic capacity shortage.
With reliable data from ERP manufacturers and distributors can use data analytics to respond to challenges. Without the right data insights businesses are unable to understand the impact of all factors on their daily business activities and deal with supply and demand shocks. The 2021 SYSPRO CFO 4.0
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.
2021 is still carrying over problems from 2020. More drivers responded to the survey increasing the data pool by 43% (11,696 participants). Truckstop operators responded at a 34% increase, including 524 additional data points. The post Lack of Safe Truck Parking Remains an Issue for 2021 appeared first on The Logistics Blog.
In fact, our data shows that accepted tender volume is up 12% y/y. Domestic intermodal contract rates are poised to take another meaningful step up in 2022 on top of double-digit rate increases in 2021. SONAR intermodal contract rate data shows rates up 19% from this time last year.
USDA Data Points to Capacity Shortage After Capacity Shortage Through Produce Season. Meanwhile, the US pounds moving across truck shipments of fresh fruits and vegetables are outpacing imported produce at 280,000 pounds as of May 23, 2021. That means it’s time to start applying data to find capacity wherever it lies.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. But with capacity already stretched thin, the shift of vessels to East-West lanes may contribute – like it did in 2021 and 2022 – to higher rates on regional and lower-volume lanes as well. kg China – N.
The real story with rates is that there will be a volume backlog that will persist through the first quarter of 2021, and while short-term corrections will occur, the overall trend will be a decline in rates. Capacity is expected to remain fairly tight through much of 2021. Rates will swing in tandem with the market influences.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. In 2021 and 2022 an extreme surge in demand for goods that overwhelmed ports was the main culprit of disruptions and spiking rates. Freightos Terminal data shows that Asia – N.
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. According to the National Retail Federation , during an 18-month stretch in 2021 and 2022 US import volumes averaged 2.21 Asia-US East Coast prices (FBX03 Weekly) climbed 18% to $6,323/FEU. China – N.
As recently as 2021, survey data reveals that 98% of manufacturers have, are, or are planning to implement an eCommerce strategy. Unifying data across silos: Often, critical business information resides in separate, siloed databases, complicating the task of unifying data for online sales.
The tumultuous trading climates of 2020 and 2021 have necessitated agility, and a need to spearhead strategic, innovative, and risk-based financial focus. On-premises to cloud data migration. The post Growth opportunities for the manufacturing CFO appeared first on SYSPRO Blog. SMART technologies. Business intelligence.
EazyStock provides us with daily recommended orders based on all the item data and sales forecasts. We also use a BI system which is connected to multiple databases to make information centrally accessible to help us make data driven decisions. Organizations collect more and more data.
Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.
The supply chain disruptions experienced throughout the pandemic has led to an increase in spending in this area, as reported in 2021’s CFO 4.0 According to Gartner , key technical issues to address when aiming for supply chain excellence are data accuracy and timeliness. Navigating and embracing change with inventory management.
The first of the for-hire trucking trends to drive decisions in 2021 is simple— capacity. In 2021, market experts predict a surge in freight volume through an acceleration of Class 8 orders at the end of 2020. Therefore, capacity is expected to grow ever tighter for the first half of 2021. . Request a SONAR Demo.
The role of the CFO is being transformed by technological innovation and access to massive amounts of data, both inside and outside the organization. According to the 2021 SYSPRO CFO 4.0 According to the 2021 SYSPRO CFO 4.0 Data-driven decision making and risk management. appeared first on SYSPRO Blog.
Our presenters and panelists will share up-to-date industry data, insights, and valuable perspectives on emerging trends in logistics and technology that you do not want to miss. The post How To Get The Most Out Of The 2021 GlobalTranz Agent Conference appeared first on GlobalTranz Enterprises, LLC. Don’t Miss A Single Session.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Subscribe Now Judah Levine Head of Research, Freightos Group Judah is an experienced market research manager, using data-driven analytics to deliver market-based insights. Europe – N.
And to survive 2021, freight management parties need to know a few things about the value of shipping lane acuity and how SONAR makes insight into possible. Insight into shipping lane acuity empowers freight management parties with real-time freight data that’s actionable, insightful and valuable. Think about it.
Similarly, a 2021 study from McKinsey showed that just 19% of companies that had adopted Industry 4.0 Finance and production can’t be working off different data sets. Additionally, if the data from these automated processes are trapped in silos, they won’t be of much use. view of the production processes.
Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022. and Target Corp.
Expanding Business In A Slow Economy Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - June 20, 2023 Logistics Firms Forced to Adjust Post-COVID Dan Ronan, Sr. When we realized a downturn was coming, we repositioned our company,” he said. “We
Loaded domestic intermodal volume from LA to Chicago: Door-to-door intermodal spot rates to move 53’ containers, including fuel and any other surcharges: Whenever I discuss intermodal spot rates, I use the caveats that a small minority of loads move on the spot market, and it’s not clear from our data how much volume moves at those rates.
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