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Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. 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.
Right now, analysts* forecast truckload volume to increase 8% to 12% in 2021. The supply growth of Class-8 tractors is expected to expand only ~1% in the first half of 2021 and ~5% in the second half, for a net increase of ~3.4%. It’s clear that demand is outstripping supply—and has been since early 2020.
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. Centralizing inventory in massive regional DCs for store replenishment was a successful strategy.
In our recent GlobalTranz 2022 Logistics and Supply Chain Trends and Outlook whitepaper, our experts review some of the factors that will shape logistics in the coming year and beyond. As a result, many shippers are revising their strategy from just-in-time inventory to just-in-case based on the hard lessons of the past two years.
Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. That gave rise to a new time pricing strategy, dimension (DIM) pricing. . Download the WhitePaper.
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. Download the WhitePaper. Broad market assumptions are great for broad strategies, but as everyone knows, the supply chain is rarely that simple.
Download the WhitePaper. For instance, here are a few KPIs that go into the overall strategy for how carriers price transportation: MILES PER TRUCK PER WEEK (MILTR) – Every driver in the fleet will come under scrutiny at some point. Trucking RFP standards have grown to embrace many key analytics points for 2021 contracts.
Download the WhitePaper. Become a stronger asset-based carrier with freight tech-driven hiring and retention strategies through freight data. In the pandemic-ridden world of 2021, it is important to maximize each step to keep up with demands and stay in business. Added benefits of freight tech to recruit truck drivers.
An updated and modernized freight tech stack will make a recovery possible in 2021. Analytics-driven processes must continue to remain the primary strategy for all managers today to improve profitability and increase revenue per driver and per load. Download the WhitePaper.
Download the WhitePaper. And success in 2021 will depend on the ability to offer the most competitive freight rates and maximize profit margins simultaneously by using effective supply chain and freight brokerage software. In recent years, agile, flexible and adaptive supply chains have become the new logistics strategies.
While we’re happy to leave 2021 in the rearview mirror, many of the same trends will impact the truckload market in 2022. In our whitepaper, 2022 Logistics and Supply Chain Trends and Outlook , we cover many of the lingering effects of the past two years, and the newest challenges truckload shippers can expect to face in the year ahead.
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. . Download the WhitePaper.
On February 16, 2021, final reported rates for reefer contracts were at $2.02. Download the WhitePaper. According to Supply Chain Digital , “although new, AI-driven concepts are being introduced, they aren’t new to the logistics sector. However, comparing that with past years’ data, shows a notable decline from $2.05
Download the WhitePaper. Considering that, it’s easy to see how increased transportation data use can translate into more meaningful pricing strategies. As volatile as the last few years have been within the industry, 2021 and beyond could remain the most impactful years yet.
In our recent whitepaper , we discussed the growing importance of carrier utilization. This will be key in 2021. If you are working with contracted freight, work with the carrier to develop a long-term rate strategy. That’s why the only way to figure out a real commission plan rests with knowledgeable sales.
From the pandemic through the severe winter weather of 2021, troubles like these are why supply chain business intelligence is critical during this time of recovery. Download the WhitePaper. But as efforts to recover continue, a strong focus on business intelligence can help ensure 2021 is a year of recovery and growth.
A recently published DHL whitepaper on Revisiting Pandemic Resilience sheds light into what the logistics sector has learned from the race against COVID-19 to be best prepared to handle public health emergencies in the future. For high levels of immunisation, around 10 billion vaccine doses are required globally by end of 2021.
billion to develop an air hub in Kentucky that’s slated to open in 2021 and will be home to fifty aircraft. As e-commerce takes an ever-larger share of total retail sales, the strategy and execution of delivery networks will become the axis of success. “As It’s also investing $1.5
The state of logistics in 2021 continues to undergo transformation and disruption (continued from 2020), and while companies are looking for new logistics strategies to stay proactive, there comes a point at which supply chain leaders need a simple, fast way to view market conditions. Download the WhitePaper.
Download the WhitePaper. Managing these exceptions with proficient tools allows for better insight and will assist in creating a more effective on-the-go strategy for unexpected problems. as of the close of business on March 1, 2021. For example, the above image shows an OTRI of 26.83
And since intermodal is among the clear winners in supply chain carbon awareness, it stands to reason that any strategy for managing the ripples should look beyond a single mode. Download the WhitePaper. And while COVID-19 was the significant disruption of 2020, the disruption that will shape 2021 was the Suez Canal event.
Again, there are a couple of different options available for charging the batteries; opportunity charging or battery exchange strategy. In fact, the trend was so significant that the next Automate show, due to be held in Detroit in 2021, is expected to be dominated by a new generation of mobile robots.
The winter weather events of early 2021 have aided in keeping spot rates elevated through what is normally a slow season for trucking. Download the WhitePaper. FreightWaves scientific rates are predicting a return to a slow downward trend after the impacts of the past month’s winter storms recede.
Our clients tell us of a serious market failure, yet, extraordinarily, in the government’s recent WhitePaper on planning, there was not a single reference to the land and space needs of supply chain and logistics industries. Even before the pandemic, the UK was significantly ‘under-warehoused’.
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%. Download the WhitePaper: Over the Road Freight Management Trends. Capacity Constraints Continue to Arise.
Todd Trompeter is the Vice President of Logistics Operations for BlueGrace Logistics overseeing the implementation and operations of the organization’s Managed Logistics customers, in turn driving process, strategy and retention for these clients. Whitepaper resources on industry topics. Todd Trompeter LinkedIn.
With that in mind, the trucking RFP has come into play as a more significant undertaking for 2021 contracts as the freight market saw volatility in 2020 on the spot market due to historic tender rejections and volumes adding to increased prices. Download the WhitePaper. Or simply click the button below. Request a SONAR Demo.
The volatility of 2020 and the uncertainties looming into 2021 make it difficult to forecast planning and budgets based on historical data. To help shippers prepare, we will examine contributing factors that will play a significant role in the 2021 truckload freight market. The Truckload Capacity Crunch Will Continue Into 2021.
Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity.
Even the most robust in-house strategies can turn to the value of logistics automation within analytics, such as the insights found in Lane Signal, to further refine their operations. Enterprise shippers need a proactive strategy to secure capacity One of the biggest challenges that shippers face remains to secure capacity.
The short-lived rebound was attributed to Chinas decision to avoid immediate retaliation, instead publishing a whitepaper calling for dialogue and consultation. ports have flagged increased inquiries about customs reclassification and bonded warehousing strategies.
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