This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. By tracking these metrics over time, organizations can pinpoint areas for improvement and tailor their strategies accordingly.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. Additionally, customer demand for green solutions is surging, with a McKinsey survey indicating that 60% of consumers are willing to pay a premium for sustainable delivery services.
For companies involved in shipping freight, the combination of order-level management and cost to serve analysis can be a game-changer. Accurate order fulfillment is the foundation of a successful logistics strategy , and it forms the basis for reliable cost to serve calculations. #2.
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.
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%).
A recent online survey conducted b y MIT’s Center for Transportation & Logistics aimed to understand how companies are reacting to the Coronavirus outbreak. As a result , the resilienc e of supply chain plan ning is being called into question. – Tweet this. Resilient planning in action .
Drones can be programmed to survey specific locations regularly, detecting early signs of pest infestations. This proactive approach reduces the reliance on intensive control measures, allowing for more efficient pest management strategies. Get Started With Pest Control Software!
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. Analytics inform decisions.
A plan is necessary, possibly based on one of the following strategies. Reverse Logistics Strategy 1: Don’t do it! Reverse Logistics Strategy 2: Make it Painless Pain is a sign that something is wrong. Clearly, successful reverse logistics cannot be left to luck. Persuade the customer otherwise.
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.
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. A recent survey by Accenture (2021) revealed that 72% of SMEs and 78% of startups are actively investing in digital supply chain solutions.
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. The use and discussion of AI has become common. Then scale out to other processes.
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
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. Primarily this meant increasing inventories as opposed to other strategies like nearshoring. Risk analysis is becoming an important part of SCM.
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.
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. Conclusion.
Understanding the financial impact of these disruptions and exploring effective mitigation strategies is crucial for maintaining a resilient and profitable operation. The Deloitte Global Survey of over 1,000 supply chain executives found that those employing clear response metrics were 3.4
Robinson experts provided in-depth analysis of current supply and demand trends, our updated forecast, and the impact of global import volumes on North American freight transportation. Some larger carriers are clearly interested in supporting the testing of autonomous trucks as part of their long-term business strategy. webinar, C.H.
Transporeon has presented the results of European Road Carrier survey: Findings point up an urgent need for digital investment amidst pandemic gloom. Despite low fuel prices and a difficult economic environment, Europe’s carriers are using multiple strategies to optimize fuel efficiency. And clearly we have a lot of work to do there.”.
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.
Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ? A Positive Example.
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.
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.
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.”
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.
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.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. A skills assessment survey was done to measure potential gaps against a pre-determined skills matrix. What should supply chain leaders be looking for to close the talent gap?
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.
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.
The research is based on analysis of 9,500 companies in the UK, and used a CyberRisk score, a diagnostic tool which calculates risk using publicly available information and an analysis of a wide range of cyber security indicators. of businesses we surveyed. of companies we surveyed has email filtering in place, and just 13.7%
said Cathy Morrow Roberson, Founder and President of Logistics Trends & Insights LLC during a webinar organised by Container xChange on the Chinese New Year analysis and predictions. Further, we asked ‘Ahead of Chinese New Year factory closures, have you changed your container sourcing strategy to ensure you have boxes?’
Traditional segmentation strategies no longer work in a world characterized by complexity and constant change. Crowdsourcing networks not only provide new ideas – they also vote on them – eliminating beta test groups and surveys. The Customer Owns the Empire. Run War Rooms for Daily Battle.
The LCI surveyed a diverse portfolio of shippers across different verticals, including consumer packaged goods (CPG), industrial and manufacturing and direct-to-consumer business to examine three primary metrics going into the next quarter. This was seen in the survey. This is the cyclical market of supply chain transportation.
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.” The annual analysis gathers real-world data directly from early adopter fleets across the U.S.
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.
It is surprising then that despite the hundreds of millions of RFID tags sold this year alone that, according to results from the 2014 GS1 US Standards Usage Survey, finally saw the technology living up to the hype in the logistics industry in the last few years.
We explore how predictive analytics and big data with human sentiments can add value and amplify their supply chain strategies. 51% of the respondents in a global Reuters survey felt that the most perplexing challenge is the unpredictable nature of consumer demand. Demand forecasting is hard. billion by 2022.
Accelerating Modernization to Manage Returns The survey showed 74% of European warehouse decision-makers (73% globally) have or will be accelerating timelines of modernization projects. Meanwhile, eight in ten warehouse associates agree using more technology and automation helps them meet or exceed productivity goals.
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
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 addition, a recent ATRI analysis of census data on employment sectors shows that the trucking industry has the lowest percentage of young entrants and the highest percentage of aging workforce entrants. Current trends point to the shortage growing to over 160,000 drivers by 2028. CUSTOMER SERVICE. OUTSOURCING BENEFITS.
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.
There are no old surveys to throw out or extra printing costs. And certainly, no one left using an old version of the survey. There is a pressing need to eliminate the lag time between when a survey is completed in the field and when it is received. Real-time data collection and analysis has never been easier.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content