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He is responsible for driving strategy, customer engagement, and industry analysis. He leads a team of market experts who study every facet of the logistics industry to bring the best available insight to customers. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions. Consequently, demand for robust GTC solutions will continue to rise. from Canada and Mexico.
One of the biggest obstacles to setting and implementing strategies for responsible sourcing is accessing reliable and current data and analysis, according to The Dragonfly Initiative CEO, Assheton Carter.
Limitations of Traditional Supply Chain Planning Traditional supply chain planning relies on retrospective analysis. A 2023 McKinsey study found that companies relying on reactive supply chain management lose up to 10% of annual revenue due to inefficiencies and missed opportunities.
A single, centralized source of truth for your organizations data is no longer a luxuryits a necessity for businesses seeking to scale efficiently, enhance profitability, and make informed, data-driven decisions. Missed opportunities: Businesses cant identify patterns or optimize strategies without cross-branch insights.
The pace and scope of supply chain disruption are beyond human cognition, manual analysis, and consumer-grade spreadsheet tools. In a recent study, almost three-quarters (74%) of shippers reported they would switch to 3PL providers based on their AI capabilities. Its value is recognized by shippers as they choose logistics partners.
How is your knowledge of cost to serve and the process of CTS analysis? In our work with clients, we often come across companies that have never had a handle on their cost-to-serve, and need extensive guidance in executing the necessary analysis. If you feel you would have to say “it’s pretty sketchy,” don’t worry. You’re not alone.
At the close of 2016, the 21 st Annual Third-Party Logistics Study found the overall use of third-party logistics providers ( 3PLs ) is increasing, but the types of logistics services utilized indicate the industry is entering a shift in how it operates. 3PLs and Shippers Report Positive Partnership Outcomes.
Suppose that a small percentage of the total container ships in service worldwide continue to transition to greener fuel sources over the next few decades. Traditional alternative fuel sources have been somewhat unreliable on a consistent basis. We encourage our readers to view the full study and overview at this link.
We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. We hope the following case study shows you the proverbial proof in the pudding of effective Logistics KPIs management. .
The study showed that the workforce problem is pervasive, with 76% of respondents indicating they are facing notable shortages. The study also provided insight into what companies are doing to address it. The research report What Are Companies Doing to Survive the Supply Chain and Logistics Workforce Challenge?
The following five mini case studies explore a few high-profile companies that have managed to sustain their supply chain cost-reduction efforts and keep expenses under control. Procurement analysis. Retail activity is extremely seasonal, with the majority of sales occurring between March and July. Supplier communication.
However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020). COVID-19 and Scenario Planning.
Once the analysis was done for Year One set up, Year Two was pretty much the same. The introduction of smoke-free products made the use of spreadsheet tools far less efficient in the capacity and sourcing planning as the new product categories had rapid growth. It was predictable. By December 2019 the system and model were fully live.
Fast forward 5 years, and ARC’s 2019 base-year study estimated the market at $11.9 The process involves an analysis of large amounts of information and interviews with executives from numerous warehouse automation providers; and concludes with the publication of ARC’s Warehouse Automation & Control Market Research Study.
ARC Advisory Group’s Global Warehouse Automation Research study is now complete and available for purchase. The research process includes an analysis of large amounts of information and interviews with executives from numerous warehouse automation providers; and concludes with the publication of ARC’s research study.
The aim of this study is to understand ho w well these companies are fulfilling the need for increased sustainability in the chemical industry. More than twenty companies were analyzed. Three are the leaders in the market as they cover most of the challenges facing chemical companies to achieve their decarbonization objectives.
In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation. Digital technologies will allow companies to increase their visibility, collaboration, speed, and responsiveness ? blockchain), and video-based collaboration/content sharing.
Many studies state that those who can manage the functions with the supply chain, they have a competitive advantage. Monitoring and analysis of this data may provide opportunities to intervene before issues becomes major problems. One of these trends, in addition to inventory keeping, is dual/multi-sourcing. 3) Risk Management.
Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Reverse marketing starts first with Value Analysis. Your team should have recorded all Value Analysis ideas in detail to get back to the Supplier by (date).
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.
Let’s take a look at what happened with the major themes, as well as the research and analysis we conducted in 2022 to help determine what those themes will look like in 2023. Source: Descartes Datamyne. In the same ecommerce study, over 72% of consumers experienced a delivery failure over a three-month period. Figure 1: U.S.
The Cost of Supply Chain Disruptions Recent studies, including one conducted by Accenture , have highlighted the staggering costs associated with supply chain disruptions. Multi-Tier Supplier Networks: Building a diverse supplier network with contingency plans can reduce dependency on a single source and mitigate risks.
The Future of Matrix-Based Optimization The Future of Matrix-Based Optimization AI and machine learning (ML) take matrix-based analysis to new heights. By leveraging these technologies, businesses can optimize operations, reduce costs, and make smarter, data-driven decisions.
Similarly, a 2021 study from McKinsey showed that just 19% of companies that had adopted Industry 4.0 Manufacturers need a single source of accurate information. MOM provides a single source of data, which, in turn, enables full visibility of production. Finance and production can’t be working off different data sets.
So, the case can be made for "near sourcing" and China's cost structure may become much more expensive than anticipated (plus you have to add risk factors in having such far-flung supply chains). Spanish retailer Zara is a famous proponent of "near-sourcing." cents, or about 0.2 percent of the product value. market at just 1.5
The slideshow that follows, then, is our coverage of Gartner’s rankings, which includes both comments from Gartner’s analysts as well as our own analysis, based on independent reporting. In particular, the company has been criticized for its long-time practice of using local water sources for its products. Media Type. Media Credit.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.
Take a look at how the IoT supply chain is changing the landscape in terms of equipment functionality, shipping processes, invoicing and payments, and analysis of trends. Analysis of Trends and Recommendations. In some cases, human intervention and input will be completely eliminated. IoT and Machine Functionality.
The modern CFO nee ds to understand digital technologies and their impact, and those who do so will become the key source for data-driven decision making and drive their organizations to be more agile, dynamic, and successful. According to the 2021 SYSPRO CFO 4.0 Diversification of business operations. The SYSPRO CFO 4.0
The company sources goods from 34,000 suppliers out of 30 nations. This is an important analysis tool for maintaining a well-run supply chain. Ferguson does 20 to 30 studies a year using this tool. A single study can drive millions in savings while maintaining or even improving service levels.
Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. This often gives what is called a “whale curve” of accumulated net profits that shows how: Image Source: [link].
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.
Heavily relying on a single sourcing location can leave businesses vulnerable to disruptions, whether they are geopolitical, environmental, or economic. Trade wars, local conflicts and potential health emergencies highlight the vulnerability of supply chains that are heavily dependent on a single source.
Switzerland-based SkyCell recently announced they have performed exceptionally well in a comprehensive study undertaken by myclimate , a non-profit climate protection organisation based in Switzerland. The results from the study showed SkyCell containers reduce nearly 50 per cent of CO2 emissions per air cargo shipment.
That’s why the number of respondents in the SCM World’s study who were “very concerned” about IT security has been increasing rapidly in the recent years. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.
more on sustainably produced or sourced goods. Studies have consistently shown that businesses with resilient supply chains recover significantly faster from disruptions, highlighting the importance of proactive planning. JOIN NOW Prioritize Cost-to-Serve Analysis Do you know the true cost of serving each customer? The evidence?
The source pointed to several trends that are encouraging the adoption of TMS, including better control of data, more comprehensive analysis and the need to support omni-channel supply chains. Inform yourself on these trends by downloading the Capgemini/Penn State/Panalpnia 2013 18th Annual 3PL Study.
Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. A study of the tactics employed by companies falling into category 2 may provide lessons in shrewd supply chain management that we could all learn from.
This includes risk analysis, detailed reports of how a supply chain functions, and even lead generation. Big data is collected from a variety of sources, such as internet websites, transportation management systems, individual-employee data entry, and more. How Does Big Data Improve a Supply Chain?
An impressive case study to be sure, but alas, the cost of the technology is still prohibitive for most companies. Capturing it, cleaning it, screening it and analyzing it to determine better routes, better prices, and better sources is foundational to smart logistics operations.
Supply Chain Analytics Maturity Model (Source: Hackett Group). A Deloitte study in 2017 found 49% of procurement officers believe the quality of data is a major barrier, and the lack of data integration was the number two barrier (42%). Supply chain leaders are wanting their organizations to be data-driven.
We can see that new IoT technologies and big data analysis makes it possible to change the maintenance strategy for time-based to predictive maintenance, as we get a much better assessment of the health of the assets,” he said. We saw that this was an area where there were not pervasive solutions developed today.”.
Download this case study! CLX LaneLogix allowed CLX to quickly gather actionable insights into the Company’s contracts compared to the market, even for completed projects. They also no longer had to perform full tenders, as CLX LaneLogix easily filters out any carriers that don’t provide competitive rates.
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