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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.
2021 has been a year of transition. Digital transformation emerges as a key trend throughout 2021, with a large drive from across all industries towards the ERP and Cloud Computing spaces. Survey2021 expressing a healthy return to pre-pandemic trading conditions.
My preferred measure of demand for truck transportation is an index I’ve developed with my colleague Yem Bolumole at the University of Tennessee that uses data from the Census Bureau’s and Bureau of Transportation Statistics’ Commodity Flow Survey to calculate implied demand for truck transportation. for Q2 2021, relative to Q2 2018.
Port Everglades’ landside operations resumed Thursday morning and waterside operations are expected to resume Thursday, pending channel and berth damage surveys. According to Williford, the added capacity enables the system to better absorb these changes than if it had occurred during late 2021 during peak supply chain congestion.
We recently surveyed CFOs and finance executives in the manufacturing and distribution sectors to study how the pandemic has impacted their businesses. Managing cash flow and margins remains a key objective for US finance leaders, based on our survey in 2020, 2021 and now into 2022. 3. Improving visibility into performance.
SYSPRO surveyed CFOs and finance leaders in a variety of industries and learned that they’ve had to undertake a more flexible role than in previous years. The tumultuous trading climates of 2020 and 2021 have necessitated agility, and a need to spearhead strategic, innovative, and risk-based financial focus. SMART technologies.
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 Let’s look at some publicly available information on the topic/s. Whitehouse Council of Economic Advisors.
2021 is still carrying over problems from 2020. Jason’s Law Truck Parking Survey and Assessment was developed and implemented to identify driver safety problems and avoid further tragedy. The 2019 survey by Jason’s Law was considered more statistically valid by the measure of compliance. During this briefing, U.S.
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.
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. The tonnage index for July 2021 was 109.8, Data Collection.
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 .
A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. According to 2021 G2 ERP Statistics 95% of businesses achieve major improvements after using ERP through reducing process times, increasing collaboration, and centralizing enterprise data.
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.
New SYSPRO research reveals 47% of survey respondents invested in sensors, IoT or IIoT to collect data and respond to supply chain disruption, however only 20% of businesses invested in data analytics tools to process and analyze the data and only 5% of businesses investigated AI and ML to draw any long-term benefit from the data collection.
According to the 2021 SYSPRO CFO 4.0 survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally. appeared first on SYSPRO Blog. The modern CFO.
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 Survey findings. Survey are clear. The post How manufacturers and distributors can improve inventory management appeared first on SYSPRO Blog. SMART Technologies (37%).
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.
A 2021 Peak Shipping Season survey conducted by Edelman Intelligence found hiring to be a strong concern among supply chain decision makers with 90% having a strong need to increase hiring to account for peak season and beyond. Download the Report: 2021 Peak Shipping Season Survey. Download Report.
As recently as 2021, survey data reveals that 98% of manufacturers have, are, or are planning to implement an eCommerce strategy. Download Now The post Going digital: B2B eCommerce and what it means for manufacturers and distributors appeared first on SYSPRO Blog.
The Logistics Blog®. So, to learn more about these challenges and how companies are addressing rate increases, capacity restraints, and other issues, we sponsored a survey. Although LTL rates have been rising over the last couple of years, 81% of surveyed companies saw their LTL contract rates increase between 2021 and 2022.
This blog post delves into the intricacies of logistics in small and medium-sized enterprises (SMEs) and startups, highlighting their unique challenges and opportunities. A recent survey by Accenture (2021) revealed that 72% of SMEs and 78% of startups are actively investing in digital supply chain solutions. K&S Ranch.
SYSPRO ’s 2020 survey, The Inflection Point for the Factory of the Future , showed that only about one-third (38%) of manufacturers’ business systems had enabled them to meet the challenges posed by the COVID-19 pandemic. Similarly, a 2021 study from McKinsey showed that just 19% of companies that had adopted Industry 4.0
One point you should keep in mind is that the Kenyan economy includes a large Food & Beverage sector which grew by 43% in 2021 and accounted for 46% of exports. 41% of surveyed companies have not enumerated their ROI from digital investments. These are the key findings which may apply to a degree globally. The Manufacturing 4.0
In this blog post on the top freight podcast, I will first provide the top FreightWaves podcasts from the FreightCasts team headed up by the legendary Timothy Dooner. Look for the brand new FreightWaves TV show and podcast to launch in 2021! Great Quarter, Guys. Subscribe on YouTube. Listen on Apple Podcasts. Request a SONAR Demo.
In this blog, we critically examine the transformation of logistics education in higher institutions, comparing past, present, and future developments in this field. This is evidenced by a 2019 survey, which found that 72% of universities worldwide have incorporated data analytics courses into their logistics programs (MHL News, 2019).
A 2021 study conducted by Deloitte and the Manufacturing Institute (MI) predicts that 2.1 Building the right skills to meet the factory of the future appeared first on SYSPRO Blog. Technological advances has often moved faster than digital capabilities. This challenge remains prominent today. a loss of about $1 trillion in GDP.
This blog post will explore the impressive global logistics behind the seemingly modest pencil, showcasing the hidden world of operations and supply chains that make our everyday items possible. Graphite, commonly referred to as lead, is mined primarily in China, India, and Brazil (USGS, 2021). USGS (2021). Geological Survey.
Proctor & Gamble In 2021, 73% of Proctor & Gamble ‘s consumer packaging was recyclable or reusable. net sales were represented by suppliers who reported to one or more sustainability surveys. This Earth Week , we wanted to spotlight the companies who are leading the way in supply chain sustainability efforts.
In 2021, 73% of Proctor & Gamble ‘s consumer packaging was recyclable or reusable. net sales were represented by suppliers who reported to one or more sustainability surveys. To read the entire blog visit BlueGrace Logistics. Proctor & Gamble. Approximately 70% of Walmart U.S. million barrels of oil, $37.5
Normally, spot rates in this lane fall to their lowest points of the year in the winter months of January and February, but that has not been the case so far in 2021. . If more production were to move to Europe, as the survey suggests, Los Angeles could fade as a hub for freight activity as imports enter through the East Coast.
Let’s take a closer look at what your organization needs to know about last mile visibility to enable true supply chain resiliency and thrive through 2021 and beyond. Meanwhile, 70% of supply chain leaders noted in a recent survey that they had experienced difficulty in finding transportation service providers for final mile service.
According to a survey by Ring, a home security company, up to 1 in 5 U.S billion by 2021. If you liked this blog post, why not subscribe to our blog ? Deemed “The Blank Box,” it was built to (safely) scare off would-be thieves. Funny as the video is, it highlights a problem that’s been growing recently—package theft.
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.” That’s especially true when considering the state of the economy and hopes for growth in 2021.
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. In a survey commissioned by GlobalTranz, 59% of supply chain decision-makers reported being concerned about not having the proper workforce to meet customer demand. What do we mean by that?
In 2021, 44.5 – Organizations perceiving CX as a competitive differentiator worldwide 2021, Jan 2022. In a survey on customer experience (CX) among businesses conducted in the United States in 2021, participants were asked what are the main challenges to optimize customer journeys. Makes communication efficient.
Actionable advice from 2021 Top Companies for Women to Work For in Transportation. Oct 29, 2021. In 2021, we’ve been focusing on strengthening this culture of inclusion, mitigating bias and fostering a diverse employee community through several initiatives,” said Sunita Solao, vice president of people at Convoy. FreightWaves.
In contrast to the softer packaging prices experienced in 2020, companies have experienced significant inflation rates to-date in 2021, which has made packaging an area of greater focus for shippers.
In 2021 we find governments and organizations now grappling with these predictions and how best to deal with the outcomes of these predictions. Suez Canal blockage 2021. The post How the pandemic has changed the supply chain appeared first on SYSPRO Blog. For example: Japan earthquake 2016. US-China trade war 2018.
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. To read the entire blog visit BlueGrace Logistics. ” READ THE FULL ARTICLE HERE.
Salesforce reported that 23% of retailers’ overall holiday sales occurred in the last two weeks of the year, and online sales jumped 16% in the first week of November 2021. The peak season brings even higher levels of shipping, so shippers and other stakeholders need to prepare well in advance. Establish you budget.
Recruitment and Retention Nearly three-quarters of employers said they were having trouble attracting new talent in a survey conducted in 2021 , and those numbers don’t seem to be improving.
In 2020, the total returns in the US accounted for $428 billion in lost sales, which was a whopping $761 billion in 2021. There was a 178% jump in merchandise returned between 2020 and 2021. The total returns in terms of lost sales in 2021 were larger than the US federal government’s national defense spending in 2020.
In fact, a recent survey conducted by Modern Shipper revealed that 37.8% In 2021, the American Trucking Associations (ATA) estimated a shortage of at least 80,000 drivers. The post Attract Truck Drivers by Improving Payout Visibility in the Last Mile appeared first on Locus Blog. Sources: [link] [link] [link].
Needless to say, Singles Day 2021 will have shoppers flocking in huge numbers as well. The Logistics of Singles’ Day 2021: Powered by Locus. According to a survey conducted by Bain & Company, 95% of respondents said they intended to take part in the event again in 2021. appeared first on Locus Blog.
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