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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. The US is a top destination for foreign direct investment, and ITR Economics analysis suggests this re-onshoring trend is not likely to end in the near term.
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. percent.
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.
Measuring a sample of more than 1 million items from five leading retailers and eight brand owners, the study also found that when RFID was not implemented, 69 percent of orders shipped and received from brands to their retailer partners contained data errors. Researchers anticipate Phase 2 will be completed in mid-2019. .
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 study include d firms in the retail, manufacturing and distribution verticals. – Tweet this. Resilient planning in action .
For this reason, the Alpega Group , the leading logistics software company offering modular solutions to cover all transportation needs, backed by 35 years of experience in the market, conducted a macro-survey where more than 1.200 logistics and transport companies across Europe participated through its freight exchanges, Teleroute and Wtransnet.
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. Terex decided to replace the outdated manual yard management process with a new, digital solution using RFID tracking. Sunsweet Growers.
The full, 40-page research report features all the data gleaned from this year’s survey plus a summary analysis from the editors of Logistics Management.
In 2017, a study assessed extreme climate impacts on infrastructure in Europe. Project cargo weight on these possible compromised roads and railways should be a concern even with DOT route surveys. In the future, DOT may require additional route surveys and bridge studies for weight distribution.
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. The modern CFO. According to the 2021 SYSPRO CFO 4.0 Diversification of business operations. The SYSPRO CFO 4.0
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.
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.
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. Drones can be programmed to survey specific locations regularly, detecting early signs of pest infestations.
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. million per incident.
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.
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. In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ? A Positive Example.
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.
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. Ferguson does 20 to 30 studies a year using this tool.
The Cost of Supply Chain Disruptions Recent studies, including one conducted by Accenture , have highlighted the staggering costs associated with supply chain disruptions. The Deloitte Global Survey of over 1,000 supply chain executives found that those employing clear response metrics were 3.4
For example, AI can analyze employee engagement metrics, absenteeism patterns and feedback surveys to identify leading indicators of employee retention challenges. A commercial cleaning company with a high turnover rate uses AI-driven analytics to study patterns in employee retention. Were excited to share more on this later.
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. The premise of the study was interesting.
A thorough analysis of this global Logistics Robots market report 2019-2025 was published within this study, inclusive of things like the industry size concerning remuneration and volume. The post Logistics Robots Market 2019 Depth Survey Report to 2025 appeared first on 24/7 Customs Broker News.
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. Similarly, a 2021 study from McKinsey showed that just 19% of companies that had adopted Industry 4.0
All sorts of organizations have run studies on eco-friendly attitudes in the ecommerce industry, and we have amazingly positive news to share about what buyers are thinking. Another survey found that 73% of global consumers would “definitely” or “probably” change their buying behavior to reduce environmental impact.
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.
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.
Predictive data analytics is the use of statistics for data mining and predictive modeling, and it is the most important advanced manufacturing technology today, according to a study by Deloitte and the Council on Competitiveness. By 2014, 11 percent of manufacturing companies had adopted 3-D printing, according to a PwC survey.
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.
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 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.
By digitizing their end-to-end supply chains, including warehousing and transportation, logistics providers can monitor conditions in real time, recognize and communicate exceptions, conduct predictive analysis and drive a fast, synchronized response. The study projects a risk-adjusted $31.2 While driving a projected $14.1
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. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Mini Case Study: Walmart. Mini Case Study: Whirlpool. Supply Chain Strategy.
To know the most difficult challenges as perceived by supply chain professionals, we turn to the SCM World’s 2017 Future of Supply Chain survey. 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. GET YOUR COPY HERE.
According to a study conducted by IBM and National Retail Federation (NRF), the retail and consumer goods industry is designating intelligent automation, also known as artificial intelligence, as the future of supply chain. For this, IBM and NRF surveyed 1,900 retail and consumer products company executives across 23 countries.
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 study include d firms in the retail, manufacturing and distribution verticals. – Tweet this. Resilient planning in action .
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.
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. According to the study, however, companies place a low priority on cybersecurity, despite the fact that their IT departments have recognised the elevated threat level.
The current study “Mobilising the Delivery Workforce: The State of Mobile Technologies in Transport and Logistics 2021” by Arlington Research shows that mobile-first technologies will play a key role in the delivery of goods in the final delivery area. Collected data can be viewed using built-in data analysis and display tools.
During the onboarding process, the Evans team conducts a thorough customer needs analysis. Evans distributes a series of customer surveys to track progress. Surveys capture feedback at critical points in a customer relationship: Within 90 days of onboarding a new customer. Aligning the right people is important.
A study by PwC found that 66% of surveyed executives anticipate higher supply chain costs as a result of diversifying away from China. The underlying logistics regulations, political stability and compliance are biggest challenges.
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.
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.” Mr. Sorenson has studied integrated business planning for many years.
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. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. The success of your business is inextricably linked to the performance of your supply chain.
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