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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.
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.
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.
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.”
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.
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
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.
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.
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.”
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.
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.,
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.
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.
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 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.
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.,
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.
Shipper's Guide to Planning Ahead Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - March 20, 2023 Data shows there is a consensus that revenue will increase and inventory levels will build. This was seen in the survey.
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.
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.,
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.
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. •
Regardless of their size, companies are reassessing their global supply chain strategies. and European companies to reevaluate their supply chain strategies. A study by PwC found that 66% of surveyed executives anticipate higher supply chain costs as a result of diversifying away from China. M VIETNAM 1.86 M SOUTH KOREA 901.88
May 08, 2023 — At ShipMonk, we’re proud to help so many ecommerce brands shine in their individual industries. So much so that we’ve been bestowed the 2023 Sun Sentinel Top Workplaces Award ! As an ecommerce fulfillment company, we couldn’t do that, and shine ourselves, without amazing team members.
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.
Furthermore, by 2023, the ‘global connected logistics market global connected logistics market global connected logistics market’ will reach ‘$73,846.1 Push out efficient fulfillment strategies. Cloud technology has experienced incredible growth across a variety of industries. 3% in 2019 to total $206.2 Simplify business.
Zebra Technologies Corporation today released the findings of its 2023 Global Warehousing Study, which confirmed 58% of warehouse decision-makers plan to deploy radio frequency identification (RFID) technology by 2028 which will help increase inventory visibility and reduce out-of-stocks.
With logistics experts estimating that high freight rates will remain through 2022, maybe even 2023, now is not the time to stress over transportation costs. Driver detention is a top concern for truckers finds a 2020 Workhound survey. As a result, capacity remains tight, and freight rates continue to increase.
net sales were represented by suppliers who reported to one or more sustainability surveys. As part of their Target Forward strategy, Target also commits to achieve 30% absolute reduction in supply chain emissions (scope 3) by 2030. Walmart Approximately 70% of Walmart U.S.
Recent data underscores the significant improvements that companies have achieved through these strategies. According to a 2023 report by McKinsey & Company , oil and gas companies that have implemented advanced supply chain optimization strategies have achieved cost savings of up to 20%. ~
And a FourKites survey of 350+ supply chain leaders tells us that the past few years of supply chain disruptions — including COVID-19, market volatility, global political conflict, material shortages and extreme weather events — drove 73% of respondents to begin investing in supply chain visibility, with 46% planning to invest more in 2023.
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