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The answer is not simple and involves research and analysis across a number of factors. This data is based on industry output derived from monthly government statistics published by the Census Bureau, Federal Reserve Board, Bureau of Labor Statistics, and Bureau of Economic Analysis. Analysis of employment data.
As the largest global collaborative network connecting shippers and carriers, the Transporeon Group periodically surveys its base of more than 3,000 North American carriers to see how market forces are shaping trucking businesses today. needs 60,000 drivers this year to meet the growing demand for trucking services.
When you finally have the analysis, everything’s changed, and the results are no longer relevant. Poor data quality: 53% of respondents in a Supply Chain Insights survey cited this as a top challenge. . The post Overcoming the Top 5 Barriers for Supply Chain Network Design Adoption appeared first on AIMMS SC Blog.
Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. Empower your Finance Team According to a recent Finance Teams Trends Report by insightsoftware and Hanover research, 80% of those surveyed say that their finance department depends too much on IT. It is slow. Stale data.
Ian Arroyo April 29, 2025 Blog As Freightos’ Chief Strategy Officer, I’ve had the privilege of witnessing firsthand how the logistics industry has transformed since COVID-19 disrupted supply chains worldwide. That’s over 1,100 hours annually that could be redirected to strategic initiatives.
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. The study also provided insight into what companies are doing to address it.
For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. By combining order-level management with cost to serve analysis, businesses gain unparalleled transparency into their operational costs. The benefits of each component are highlighted below.
A recent online survey conducted b y MIT’s Center for Transportation & Logistics aimed to understand how companies are reacting to the Coronavirus outbreak. The post How Disruptions like Coronavirus Test The Resilience Of Supply Chain Planning appeared first on AIMMS SC Blog. – Tweet this.
A 2023 survey by McKinsey reported that 79 percent of all respondents had at least some exposure to gen AI, either for work or outside of work. This blog discusses how manufacturers can start making AI a reality. ML and DL are mainly used in data analysis, classification, clustering, and ranking. How does AI work?
Blog " * " indicates required fields Email * Email This field is for validation purposes and should be left unchanged. For a deeper dive into the latest freight market trends, I strongly recommend Judah Levine’s weekly freight analysis, which you can register for right here.
As the largest global collaborative network connecting shippers and carriers, the Transporeon Group periodically surveys its base of more than 3,000 North American carriers to see how market forces are shaping trucking businesses today. needs 60,000 drivers this year to meet the growing demand for trucking services.
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. According to the 2021 SYSPRO CFO 4.0 The SYSPRO CFO 4.0
Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. In fact, up to 70 percent of companies surveyed in Europe have already implemented cloud-based solutions to enable rapid scalability and flexibility.
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. Risk analysis is becoming an important part of SCM. How Supply Chain Management is changing. Benefits of a Supply Chain Management solution.
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. References Accenture.
Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.
Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. Europe – N. America weekly prices fell 2% to $1.7/kg.
Many manufacturing companies still rely on Excel for all sorts of tasks including scheduling, inventory management and data analysis. The data is stored in a database managed within the building or in the cloud for processing and analysis. Collecting data for effective usage with business intelligence.
A recent SYSPRO survey shows that only 45% of businesses have looked at systems to address supply chain disruptions and just 44% have investigated technologies that enable collaboration with external suppliers and customers. The analysis is mostly on point; however, the blame does not lie with Lean. appeared first on SYSPRO Blog.
According to the recent SYSPRO global research survey, an enormous 82 percent of Fabricated Metal Manufacturers experienced supply chain and material handling disruptions over the past twelve months. AI goes to the next level by helping with the analysis of that data.
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. The pandemic made that impossible. It’s the future of manufacturing, and it’s within your reach today.
The bank said Friday that it is launching new “Supply Availability Indexes” via a blog posting on Monday that going forward will feature as part of its regular monthly surveys of regional business activity. The indexes will feature in future Empire State Manufacturing and Business Leaders surveys, the bank said.
This type of data must be actively gathered by researching market trends, analyzing the competitive landscape, conducting consumer surveys and focus groups. Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. Qualitative data is more subjective.
What this blog is about: Multi-tier supply chains benefitting visibility. In 2020, Ernst & Young LLP (EY US) conducted a survey of 200 top supply chain executives to know the pandemic’s impact on supply chains, goals for the next 3 years, and the path to digital supply chains. Want A Free Supply Chain Analysis?
A report by Deloitte commented that in a wide-ranging survey of health-related businesses and researchers, 67 percent agreed that data storage and integration will be a key service in the future. The post ERP for Medical Device Manufacturers Part 2 appeared first on SYSPRO Blog. Download Now.
percent net increase in revenue for 2016 , and as we’ve briefly mentioned past blogs , technologies such as predictive data analytics, virtual reality, smart connectivity and 3-D printing will drive this growth and reshape the global economic competition between U.S. The ISM projects a 4.1 and Chinese manufacturers. billion to $4.8
What this blog is about: Leveraging predictive analytics for forecasting and visibility. 51% of the respondents in a global Reuters survey felt that the most perplexing challenge is the unpredictable nature of consumer demand. Approaching a demand analysis with historical data and seasonal variations is no longer competent.
According to the Business of Sustainability Index , despite intense inflation since 2020, 66% of general US customers and 80% of young adult (ages 18-34) US customers surveyed in 2022 are willing to pay more for sustainable products/companies that embrace sustainable practices. Clearly explain cause and effect. We hope you do!
In a recent survey over 200 carriers, ease of working and experience ranked as among the top three determinants when it comes to selecting a logistics partner. In fact, carriers surveyed also indicated poor targeting (i.e., providing the right freight opportunity at the right time) as a reason for rejecting a load opportunity.
Blog " * " indicates required fields Email * Comments This field is for validation purposes and should be left unchanged. Making sense from the noise: A recent WebCargo survey found that nearly half of all forwarders rely on three or more tech systems.
We have written several posts on technology, which you can read in our technology blog category , have talked about the future of manufacturing , the future of transportation technology , and the Industrial Internet of things. We’ve previously touched on distributed manufacturing on our own and welcomed a guest blogger on the topic.
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.
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. On LinkedIn , I asked my network what they thought were the top freight podcasts in the industry. Listen on FreightWaves. Subscribe to WTT Newsletter. Great Quarter, Guys.
Editor's Note: Today's blog comes from Katie Cruze at considerdigital.com who give us the top 5 reasons why data quality is important. There are no old surveys to throw out or extra printing costs. And certainly, no one left using an old version of the survey. Real-time data collection and analysis has never been easier.
Almost two years ago with knowledge of the problems of the freight industry and some rough ideas of how to solve them, we’ve been able to plot, survey, and develop the systems we’ve now launched. 10 appeared first on ShipChain Blog. Pictured: John Monarch, CEO ShipChain.
Human resource efficiency: Optimizing and automating routine financial tasks, such as accounts payable and receivable, and general ledger accounting, frees up staff time for activities like financial analysis. The post The benefits of ERP for financial management appeared first on SYSPRO Blog.
Often a tool like a Failure Mode and Effect Analysis (FMEA) is useful as it serves as a checklist and ensures that the business is thinking about these issues and considering mitigation plans. Without a thorough analysis of the supply chain and the consumption models, the business may still find itself running out of critical inventory.
Over at Logistics Viewpoints (A blog you should be reading) Chris Cunnane gave us a sneak peek into a survey he conducted with DC Velocity magazine about different final mile modes and their current and anticipated adoption rates. The results were not overly surprising.
Using historical data from inside the company and sources beyond the company, this type of analysis can help determine what will likely happen under certain circumstances. One 2018 survey showed that 67.4% To read the entire blog visit BlueGrace Logistics. What are Predictive and Prescriptive Analytics?
Understanding your customer base involves carrying out an in-depth analysis of your archetypal customer. When conducting this analysis, your goal should be to identify and describe your target audience’s longings, desires, needs, and challenges. A customer profile is one of the ultimate goals of customer analysis.
In a recent survey over 200 carriers, ease of working and experience ranked as among the top three determinants when it comes to selecting a logistics partner. In fact, carriers surveyed also indicated poor targeting (i.e., providing the right freight opportunity at the right time) as a reason for rejecting a load opportunity.
According to Dell’s Digital Transformation Index 2020, 89% of the 4000 surveyed business leaders stated that the pandemic highlighted the need for a more agile and scalable digital environment. The analysis is intended to highlight key areas that don’t yet provide the desired customer experience.
The Role of Data Analytics in Supply Chain Management | Image source: Pixabay This article describes the transformation that data analysis and the supply chain are fostering and how it will impact business intelligence. Intelligence-driven businesses are interested in supply chain management and data analysis.
Eight years ago, on the heels of Superstorm Sandy, we published a blog post on how major disruptions serve as grim reminders that supply chain resiliency and scenario planning need to be a top priority. 2020 Gartner Weathering the Supply Chain Storm Survey. Superstorm Sandy was uniquely catastrophic.
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