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To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain. Key Benefits of Last-Mile Delivery Optimization: Reduction in operational costs and fuel consumption. Avoiding Delivery Density Issues 3.
Global Logistics Trends 2025 Navigating Key Logistics Trends for High-Value Importers Sourcing from China and Beyond Listen to Our Analysis Your browser does not support the audio element. Let’s dive into the trends shaping your import strategy in 2025. Don’t let 2025 catch you off guard.
Simply defined, reverse logistics generally refers to the process of managing the flow of goods, products, or materials from the customer back to the seller or manufacturer. In a manufacturing plant, reverse logistics performance is tied to the money or materials that can be recovered cost-effectively from the returned product.
Global Logistics Trends 2025 Navigating Key Logistics Trends for High-Value Importers Sourcing from China and Beyond Listen to Our Analysis Your browser does not support the audio element. Let's dive into the trends shaping your import strategy in 2025. Don't let 2025 catch you off guard. Imports from China (2024) $450 billion U.S.
According to a global survey of 600 supply chain management executives conducted by Blue Yonder, almost half of the participants (48 percent) invested capital in this area. With a service life of over ten years and a high proportion of recycled material, they reduce resource consumption and the need for new transport solutions.
small and middle market enterprises (SMEs) are feeling very optimistic about the international market according to the 2018 American Express Grow Global Survey. The third annual survey of over 500 domestically-based companies selling outside of the U.S. trade policies (38%).
According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.
According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. Supply Chain Strategy. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Supply Chain and Business Success By the Numbers.
According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth greater than the average within their industries. Supply Chain Strategy. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. SEE ALSO: Supply Chain Strategy Development.
Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed. While supply chains are recovering, a recent survey found that 57% of shippers experienced longer lead times from suppliers in China. The average cost of a data breach reached $3.86
If you are a finance professional in a manufacturing business, your main goals are to reduce risk, improve profitability, and maintain high levels of compliance. Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. Easily produce period-on-period analysis reports (e.g.,
In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future StrategiesSurvey Report, this goal was the top-ranked planned tool investment.
Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. We estimate that productivity gains and cost savings alone could deliver near-term impact of 200 to 600 basis points of margin expansion across advanced industries, worth $200 billion to $500 billion.”.
Their associate engagement survey allows Ferguson to understand the driver’s impacting engagement across their 31,000 employees. The survey focuses on four engagement questions on advocacy, pride, satisfaction and commitment. 56% of employees surveyed were engaged. The company uses a network design tool from Coupa.
In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet.
Supply chain management (SCM) systems help businesses to manage the flow of goods and services right from the sourcing of raw materials, to delivering finished goods to the customer. SCM solutions provide oversight of materials and products, and their associated data, as they move through the supply chain from supplier to consumer.
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. Securing the supply of raw materials to keep the business going should be the highest priority.
Regardless of their size, companies are reassessing their global supply chain strategies. By diversifying suppliers across different regions, companies can reduce the impact of localized disruptions. and European companies to reevaluate their supply chain strategies. What are the benefits of supply chain risk diversification?
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. Greg Toornman – vice president global materials, logistics and demand planning at AGCO – told more of this story in a panel at ARC’s Supply Chain Forum. We never had that before.”
It’s true that the major issues in the supply chain—which were confirmed through MH&L ’s workforce survey process and published in an earlier article —are nuanced. The collection, access, analysis and utilization of data must be a primary consideration, not an afterthought. In the supply chain, problems are often overcomplicated.
The use of predictive analytics has the potential to dramatically reduce expenses in the manufacturing sector, particularly with respect to proactive machine maintenance. According to Sundeep Sunghavi, the use of predictive analytics will save approximately $630 billion in the manufacturing industry over the next 15 years.
Companies that have streamlined their supply chains experience a 15% reduction in supply chain costs, maintain inventory holdings below 50%, and achieve cash-to-cash cycles that are three times faster. [1] Knowledge pulls in specific rate structures and data points to determine how to save costs.
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. ERP allows CFOs to identify potential efficiencies, enabling costs to be reduced across the organization.
Before the pandemic, in a study of logistics providers conducted by Fraunhofer IML, among those embarking on digitalization initiatives, only 25% of logistics providers in the Fraunhofer IML survey are leveraging digital technologies to think outside the box and reinvent their foundational delivery model. It should also be shared downstream.
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.
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. You always want to have the appropriate amount of raw materials so you can deliver customers’ orders on time.
I want to say a special thank you to Steve Banker and Conrad Hanf who I have worked closely with for the last 10+ years on Logistics Viewpoints as well as countless research projects, surveys, and events. The seller marketplace is part of Walmart’s larger strategy to expand its services beyond those of a typical retailer. from May’s 2.24
This means that the industry is reliant on bringing in specific raw materials and because of this ‘hands-on’ approach, the industry has become increasingly susceptible to supply chain disruptions. AI goes to the next level by helping with the analysis of that data. The cloud can be used to analyze everything in the business.
Using RFID, companies can triple their order accuracy and reduce chargebacks. The EPC/RFID Retail Supply Chain Data Exchange Study, also dubbed “Project Zipper,” surveyed the effectiveness and business value of item-level RFID tagged items as they travel throughout the supply chain, from a brand owner to a retailer.
Traditional segmentation strategies no longer work in a world characterized by complexity and constant change. Others are taking a modular approach to manufacturing, creating a standard baseline and offering later-stage customization to reduce complexity and costs. The Customer Owns the Empire. Run War Rooms for Daily Battle.
Months went by, but we were in the thick of the pandemic, with global supply chains under immense pressure, so I just assumed materials shortages were to blame. Supply chain leaders from planning to procurement to logistics face labor shortages and cost concerns, so they want to reduce workforce time spent on manual activities.
small and middle market enterprises (SMEs) are feeling very optimistic about the international market according to the 2018 American Express Grow Global Survey. The third annual survey of over 500 domestically-based companies selling outside of the U.S. trade policies (38%).
In contrast, others find that outsourcing their transportation gives them better insight into the market while reducing costs and creating efficiencies. In addition, costs for private fleets are rising with the increasing costs of fuel, insurance, and equipment maintenance as new and used trucks deal with material shortages.
First, fewer in-house employees are needed on site, which saves money. Some 81 percent of those surveyed in an IT study carried out in 2021 with 1,451 decision-makers reported that they were seeing more cyber threats during the pandemic. If desired, a cause analysis can be added on to each problem-solving procedure.
European pallet and packaging manufacturers are repairing more wooden pallets for reuse than ever, according to a survey by European Federation of Wooden Pallet & Packaging Manufacturers (FEFPEB). million pallets were repaired in 2019, an increase of 25% on the previous survey carried out three years earlier.
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. Companies that need better visibility to reduce recalls. Pictured: John Monarch, CEO ShipChain. Trucking companies with fleets.
Companies that have streamlined their supply chains experience a 15% reduction in supply chain costs, maintain inventory holdings below 50%, and achieve cash-to-cash cycles that are three times faster. [1] Knowledge pulls in specific rate structures and data points to determine how to save costs.
In a survey of 54 senior executives, only about one in four believed that the processes of their companies balanced cross-functional trade-offs effectively or facilitated decision making to help the P&L (profit and loss) of the full business.” But then he was recruited by the chief financial officer, John Glavin, to join GEON.
Not only energy consumption and CO₂ emissions but also the costs for administration, maintenance and wear can be reduced by using suitable drive systems. The NORD ECO box can measure the energy consumption of individual drives in detail and allows for extensive data analysis.
First, fewer in-house employees are needed on site, which saves money. Some 81 percent of those surveyed in an IT study carried out in 2021 with 1,451 decision-makers reported that they were seeing more cyber threats during the pandemic. If desired, a cause analysis can be added on to each problem-solving procedure.
To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. That being said, it’s also as important to consider competitors’ strategies to respond to demand. . Real-time communication and data sharing would reduce errors across supply chain handoffs.
To stay competitive, companies must adapt to new technologies and strategies to survive in the post-COVID world. According to a survey from McKinsey, 39% of industry leaders are enhancing industry 4.0 The company purchases raw material from suppliers in Italy, Spain, Portugal, and Greece. Want A Free Supply Chain Analysis?
Of 1,200 industry professionals surveyed for the 2021 Agility Emerging Markets Logistics Index, 51.5% The survey is part of the 2021 Agility Emerging Markets Logistics Index, the company’s 12th annual snapshot of industry sentiment and ranking of the world’s 50 leading emerging markets. 2021 Index and Survey Highlights .
This includes sourcing materials, working with vendors, managing warehouses and transportation, and coordinating with retailers to ensure they can meet the changing demands of consumers while remaining profitable. The company’s survey of Fortune 100 companies showed that 77% have implemented hybrid work schedules. and Target Corp.
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