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The LMI is based on a monthly survey of logistics managers nationwide and tracks transportation and warehousing activity. the lowest reading since November 2023), and moderate expansion in Transportation Prices (63.1),” the researchers wrote. The LMI is a monthly survey of logistics managers from across the country.
Elisabeth is the Founder of EAB Strategies, a company that provides communications and marketing expertise to transportation and logistics companies, as well as program development for companies seeking to grow their brand and image. She steered the industry-wide image movement Trucking Moves America Forward.
Transportation executives have always been tasked with developing annual strategies and execution plans. 2023 is no exception. Read more The post What Dominates the Transportation Management Agenda in 2023? And since the transportation market is cyclical, with swings in demand and capacity, every year presents new challenges.
As we turn the page on 2022 , I’d like to make five supply chain predictions about what to expect for 2023. In a soon-to-be-published survey conducted by Coupa Software, European supply chain leaders cited the ongoing geopolitical conflict in Ukraine as a major concern.
In 2023, Amazon delivered around 5.9 Conducted across key trading regions, the survey gathered insights from 978 leaders, emphasizing the importance of robust global trade intelligence for competitive and compliant operations. In 2022, the Postal Service processed more than 11.7 billion packages more than UPS and FedEx.
According to a survey by the National Retail Federation, retailers can earn approximately 20% of their annual sales during the Black Friday to Christmas shopping period. BFCM by the Numbers Data from 2023 showed a record-setting turnout of 200.4 billion globally in 2023 , which is an 8% year-over-year increase.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. In 2023 alone, over $100 billion was invested in EV and battery supply chain M&A deals. According to Kearney s 2023 Reshoring Index, U.S.
As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.
ecommerce spending in November and December will increase 8%-9% over 2023, translating to $295.1-$297.9 When considering their last mile strategy this peak season, retailers should also take note of the growing interest in the environmental impact of home delivery, especially among younger consumers. billion in sales.
in 2024 compared to 3% in 2023 and 8% OR in 2022. Reefer carriers fell from 6% OR in 2022, to 2% in 2023 before settling at barely above breakeven at 0.1%. Reefer carriers fell from 6% OR in 2022, to 2% in 2023 before settling at barely above breakeven at 0.1%. as a cost-management strategy. to $0.197 per mile.
Mark Derks, BlueGrace Chief Marketing Officer June 23, 2023 In the dynamic and ever-evolving logistics landscape, having access to accurate and timely data is essential. Here’s some key highlights from the Q3 2023 LCI: Anticipated revenue maintains a positive trend. Agile operations.
An enlightening new report indicates that this strategy corresponds to strong financial performance for shippers and logistics service providers (LSPs). The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.”
Cassidy | JOC.com September 25, 2023 US shippers uncertain about sales and order volumes this holiday season are likely to increase less-than-truckload (LTL) shipments despite lower truckload rates, data from an industry survey suggests. Everyone is sitting on a tremendous amount of inventory,” Lockard said. 31 earnings call.
Glenn Taylor | Sourcing Journal November 02, 2023 In an improving sign for the retail supply chain, the majority of shippers surveyed by third-party logistics (3PL) provider BlueGrace Logistics—64.4 There’s lots of transportation that occurs and so that’s why the truckload market took such a tremendous drop in Q1 of 2023.”
And the answer lies in how their 2023 went too. Navigating 2023’s Challenges and Looking Ahead While 2023 saw a general decrease in demand, with 60% witnessing a downturn, most attributed this to high inflation and a shift in consumer preferences. In other words, this is a far cry from 2021 and its dramatic capacity shortage.
Today’s article is the fourth part in a series featuring surveys from APQC on supply chain topics including environmental sustainability , last mile , and digital transformation. This suggests a need for a more defined ESG strategy and framework within the industry to guide effective integration and action.
An enlightening new report indicates that this strategy corresponds to strong financial performance for shippers and logistics service providers (LSPs). The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.”
” – Oliver Ritzman, Founder & CEO | Gryn According to a 2023 McKinsey survey , 87% of shippers have maintained or increased their technology investments since 2020 to address challenges such as cost management and data integration, underscoring the critical role of technology in enhancing logistics efficiency.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. percent of returns, or $101 billion worth, were fraudulent last year, according to a survey by Appriss Retail and the National Retail Federation. percent, or $24.5
In late 2023, Descartes conducted a survey of 1,000 supply chain and logistics decision-makers across North America and Europe across three sectors: manufacturing, distribution and retail; carriers; and logistics services providers. Companies are changing their hiring strategies to attract workers.
Revolutionizing the Industry: Discover the Top 3 Logistics Trends for 2023! 5 Ways to Manage Lean Logistics Effectively With this quarter of the year closing, logistics experts will be asking themselves one question above all others: what will the rest of 2023 bring? The emphasis will center around making more space for maneuvering.
Accurate order fulfillment is the foundation of a successful logistics strategy , and it forms the basis for reliable cost to serve calculations. #2. Optimization of Shipping Strategies –Achieve a 35% Increase in On-Time Deliveries Understanding cost to serve at the order-level empowers businesses to optimize their shipping strategies.
The Superconductivity Prelude Late in July 2023, South Korean researchers made headlines with a potential discovery – now mostly debunked – of a material that enabled superconductivity at room temperature. LK-99 Replication Vlog (August 3rd, 2023) Insane that @andrewmccalip @zebulgar & team pulled this off so quickly.
venture-capital has been invested in logistics-focused robotics and automation, and the broader market for warehousing and logistics market is expected to top $80 billion in 2023. 47% of those surveyed said they plan to increase shipping and logistics spend, with many focusing that spend on new technologies. Since 2015, $1.2
She says it’s going to study the latest marketplace trends, come up with strategies to tackle fraud within brokerage operations and work on short, medium, and long-term legislative and regulatory solutions. In fact, a significant portion (59%) of carriers plan to adopt EVs by the end of 2023.
As we close in on the end of the year, supply chain professionals are already planning for what 2023 will bring. o9 Solutions’ supply chain experts and leaders are sharing their insights on the trends that could become prevalent in 2023 and beyond. Supply chains will become the strategic drivers of business. What does that look like?
A 2023survey by McKinsey reported that 79 percent of all respondents had at least some exposure to gen AI, either for work or outside of work. Before 2023, AI involved two technologies. When ChatGPT was released in 2023, a new AI term was introduced — Generative AI (GenAI). Then scale out to other processes.
Recent market insights found the following: “According to a latest global shipper survey, 75% of shippers who use LCL plan to continue or increase it in 2023. And 52% are looking to consolidate more shipments overall, a strategy for which LCL can play an important role.”
In late 2023, we conducted a survey of 1,000 supply chain and logistics decision-makers across North America and Europe across three sectors: manufacturing, distribution and retail; carriers; and logistics services providers. According to the survey, 55% of respondents indicated that positions for knowledge workers (e.g.,
A recent Accenture survey found that 91% of logistics providers understand that their customers want end-to-end logistics services handled by a single provider. The post Six Contract Logistics Trends to Watch in 2023 appeared first on DB Schenker.
Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. According to Gartner, “By 2023, 50% of global leading enterprises will have invested in real-time transportation visibility solutions.”
It’s no secret that manufacturing companies around the world are rethinking their supply chain strategies. With shortages occurring in unexpected sectors and lockdown strategies impacting logistics, companies looked at reshoring to stabilize and strengthen their supply chains. Cloud ERP to reshore supply chains for manufacturers.
People don’t agree on what will happen to prices and the number of products being shipped, and different companies are using different strategies to handle these uncertainties. As we turn our attention to Lunar New Year in February 2024, the survey paints a muted outlook.
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), a global leader in uniting logistics-intensive businesses in commerce, released the results of its 8th Annual Global Transportation Management Benchmark Survey of over 630 companies. Descartes and SAPIO Research surveyed 630 participants representing the logistics community (i.e.,
In addition to making technology investments to help combat supply chain and logistics workforce shortages, the study indicates companies are also adapting their recruitment and retention strategies and tactics. According to the study, hiring labourers (e.g., warehouse workers and drivers) and knowledge workers (e.g.,
The Gartner Supply Chain Symposium/Xpo has once again, exceeded our expectations, leaving us inspired and engaged We had some thought-provoking conversations with stakeholders on the latest industry dynamics, pain points, customer expectations, and innovative supply chain strategies. and/or its affiliates in the U.S. All rights reserved.
The global survey, which draws on insights from over 300 labelling, packaging, and supply chain professionals across industries in 55 countries, found that investing in cutting-edge technologies such as cloud computing, AI, and IoT solutions is no longer a tactical necessity but an enabler for business growth and agile supply chain operations.
The company plans to invest $140 million in the initiative in 2023 as it implements the technology at its 940 remaining U.S. The booming shopper interest in sustainability is having a major influence on supermarket operating strategies. In its January survey of grocery executives and consumers, Grocery Doppio, a Jacksonville, Fla.-based
Multichannel to Omnichannel You’ve heard us talk about a multichannel sales strategy before, and we’re happy to say that most of our ecommerce clients are already doing this. In 2024, we expect to see more brands moving from a multichannel strategy to create an omnichannel experience for their customers.
The National Private Truck Council's 2024 Benchmarking Survey found that shipments and volume increased last year as private fleets positioned themselves as a value-added transportation solution. Inbound freight volumes also increased, with private carriers hauling 35% of inbound freight, up from 31% in 2023.
A new survey suggests that a single view of inventory is becoming increasingly important in retail logistics. 26% of retailers believe creating a more environmentally aware and sustainable supply chain is one of their top three priorities for 2023. •
The 2024 State of Sustainable Fleets report is a tremendous resource for fleets to evaluate the range of options available and under development as they advance their strategy to meet and exceed sustainability goals.” Retail price of compressed natural gas (CNG) averaged 50% less expensive than diesel in 2023 at $3.04/DGE.
According to a 2023 World Economic Forum report , adoption of technology will remain a key driver of business transformation over the next five years. New skills requirements in manufacturing Companies are investing in learning and on-the-job training as the most common workforce strategy to deliver business goals.
A larger share of freight forwarders and supply chain professionals this year in 2023 are expecting disruptions owing to COVID outbreaks in China and the Chinese New Year factory closures as compared to the last year (2022). “We The situation will have a significant impact on the domestic supply chain from January 15 to February 6, 2023.
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