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As customers increasingly demand rapid and reliable delivery, optimizing this final leg of transportation becomes essential for businesses aiming to enhance customer satisfaction and operational efficiency. Data-driven approaches, such as predictive analytics, facilitate real-time adjustments in delivery operations.
This increase in spending is not due to candy prices rising, the results from the survey show an overall candy prices only increased 0.9% The partnership between Third Wave and Woven Capital creates a strong foundation to advance the company’s strategic vision, reshaping how warehouse operators understand autonomous forklifts.
Companies are proactively acquiring electric vehicle (EV) manufacturers, battery storage providers, and related infrastructure firms to embed sustainability into their operations. In response, major freight operators have recently acquired advanced battery technology firms to accelerate fleet electrification.
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.
Demand forecasting has more to do with consumer interest in your product, trends in the marketplace, and how these and other factors could affect your future day-to-day operations. This type of data must be actively gathered by researching market trends, analyzing the competitive landscape, conducting consumer surveys and focus groups.
However, 81% plan to adopt AI platforms within the next year to mitigate risks and enhance safety for improved operational performance. AI-driven data: The key to safer, more efficient fleet operations Integrating AI tools into goods delivery processes offers significant benefits. Transportation is an inherently tough business.
The survey of 200 IT decision-makers and cybersecurity leaders across the UK comes at a time when critical infrastructure attacks are increasing, particularly those targeting government, education and healthcare industries. Worryingly, it took more than two in five of organisations more than a week to recover.
My family owned a manufacturing operation, so I experienced firsthand the challenges that mid-market manufacturers face. 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.
For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. Let’s explore why this dynamic duo is crucial for businesses looking to optimize their operations and stay ahead of the competition. #1. The benefits of each component are highlighted below.
At the end of March 2020, we set up a short survey sponsored by Ocean Insights. This survey which was answered by over 300 Shipping and Freight Professionals across the world collected and analysed data on three key aspects of Impact, Preparedness, and Recovery. Eric Johnson (Host) Senior Editor, Technology – JOC.
Building an agile organization that can quickly adapt will mean creating digital operations that can help your company close the connectivity gap. Closing the Connectivity Gap in Manufacturing with Digital Operations. Crowdsourcing networks not only provide new ideas – they also vote on them – eliminating beta test groups and surveys.
To do that, you need to access accurate data and create insightful reports for GL, as well as other finance and operational needs. Pulling data takes time and then you must format it for analysis and check for errors. Analysis is limited. this causes delays that reduce the time available for analysis. It is slow.
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.
According to a 2020 survey by ATRI , 20.6% In a 2019 survey by WEX Inc, 23% of fleets reported that fuel costs were their top operational challenge. When used consistently, these programs can contribute significant savings to your operational costs. Track and reduce non-revenue generating miles. For example, C.H.
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. Global Lessons for Domestic Operations. machine learning, robotics, etc.)
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. Diversification of business operations. The modern CFO. According to the 2021 SYSPRO CFO 4.0
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.
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.
In industries like lawn care and pest control, businesses tend to operate on thin profit margins. For these companies, maintaining profitability while protecting their margins hinges on operational efficiency and the strategic use of data. Businesses operating on tight margins need information that is actionable, precise and timely.
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.
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 Strategies Survey Report, this goal was the top-ranked planned tool investment. Analytics inform decisions.
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. How predictive analytics works in logistics?
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.
Drones can be programmed to survey specific locations regularly, detecting early signs of pest infestations. The capability of drones to operate in difficult terrain enhances the effectiveness of pest control efforts. Adverse weather conditions such as wind, rain, and snow can impede their operation and reduce effectiveness.
ARC Advisory Group, where I work, publishes an analysis of the 25 manufacturers with the most mature digital transformations. This survey-based research gathers quantitative data as well as information on practices or performance drivers. Final Thought The APQC survey gives an interesting look at digital transformation in logistics.
To provide a comprehensive overview, the author draws from various academic studies, reports, and surveys to shed light on the latest trends and best practices in supply chain management. Despite these differences, both SMEs and startups share a common interest in harnessing technology to optimize their logistics operations.
But, of course, when dealing with systems that operate at such scale, exceptions happen. 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. Surely all the technology and guardrails should prevent this type of disaster.
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. ML and DL are mainly used in data analysis, classification, clustering, and ranking. This can help optimize inventory management, identify bottlenecks, and optimize logistics operations.
According to data from a recent research survey, the following were on top of the supply chain headaches not addressed by their current systems: Supply shortages due to supplier’s inability to meet expected performance targets. Real-time insights embedded into operations. Network bottleneck identification. Response to disruptions.
INFORM, a leading software developer specializing in artificial intelligence and operations research, is thrilled to announce its latest study on IT in vehicle logistics , highlighting key findings on IT and AI’s transformative impact in the vehicle logistics sector. Key Findings from the Report 1.
According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 According to a survey by the Global Supply Chain Institute, 59% of companies reported that supply chain disruptions resulted in increased administrative work. million per event. Cargo Theft: In the U.S.,
Some chose to carry on with their digital journeys as they must find better ways as the physical and operational logistics footprint were changing rapidly to adapt to the new customer-first, eCommerce expectations. From an inbound operations perspective, visibility continues to be a common thread in facilitating this convergence.
Transporeon has presented the results of European Road Carrier survey: Findings point up an urgent need for digital investment amidst pandemic gloom. Nevertheless, the survey results point up major deficits when it comes to calculating and reporting transport-related CO2 emissions.
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. Data-driven decision making should form part of a business’ daily operations.
By focusing on this, businesses can not only achieve operational efficiency but also build for long-term success. Much depends upon the nature of your supply chain operation of course. Design reverse logistics into operations. Some industries experience more returns than others. Speed will be an important factor.
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.
Additionally, when you have multiple stakeholders pumping in money worth billions, and reposing trust that is priceless, you know that you can hardly afford to make blunders in your judgements and operations. Data analysis renders greatest of help in taking key decisions which are based on facts and trends. Data is the new gold.
In the nine months ending April 30 th they generated over $20 billion in revenues, grew by 27 per cent, and generated three quarters of a billion in operating profit. They operate, both their own fleet and a dedicated fleet, that has 5,300 trucks. 56% of employees surveyed were engaged. Conclusion.
Understanding the financial impact of these disruptions and exploring effective mitigation strategies is crucial for maintaining a resilient and profitable operation. This involves having robust systems and processes in place that can withstand unexpected challenges and minimize their impact on operations.
Fewer decisions are bigger than deciding whether to operate a private fleet or outsource. Some companies believe operating a private fleet gives them more control over the business and operating costs. According to FleetSeek.com , a database of trucking operations, 344,657 private fleets are operating in the U.S.
Transportation operations can then be limited with these reductions in available routes causing an increase in transportation costs. Project cargo weight on these possible compromised roads and railways should be a concern even with DOT route surveys. These places included East Africa, Canada, France, and Britain.
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. Setting up incentive pay based on improving operations is a way to not only motivate the work force, but to also show that the company rewards improvement.
including digital control towers fueled by artificial intelligence (AI), data science and analytics, strategic product segmentation, inventory management, operations intelligence and analysis, strategic sourcing, and effective pricing and promotions management. blockchain), and video-based collaboration/content sharing.
Twenty-seven percent of supply chain leaders have conducted a climate change risk assessment to identify their most critical supply chain risks, according to a survey by Gartner, Inc. According to the survey, 44% of respondents have a general sense of potential climate change risks based on previous events.
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