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Harvard Business Review recently published an article, “ To Build Resilience, CEOs Need to Become Supply-Chain Experts ”. In this article, we wanted to discuss one aspect of supply chain that is often not given enough attention – building strategic relationships and shared value with direct spend suppliers.
He is a 2005 graduate of Miami University in Oxford, Ohio. Below are some highlights from Seth’s article, 2023 Top 100 Logistics List Highlights Growth for 3PLs. Spot freight demand has softened, and truck capacity has loosened since the frenetic days of the 2021 freight boom. Clevenger, currently based in Alexandria, Va.,
Some areas in Florida have shelter-in-place orders, likely limiting available trucking capacity and shipper operations throughout the end of the week. Since more out-of-state carriers are providing services and taking routes outside of their standard area, that takes capacity out of the market and can drive up prices, according to Williford.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supply chain predicated on lowest-cost principles. Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Data Visibility in the Supply Chain. Today, many manufacturers lack that awareness.
This survey-based research gathers quantitative data as well as information on practices or performance drivers. The survey results provide a cross-industry perspective on last-mile logistics including delivery methods used, the extent of customer real-time visibility, and average vehicle capacity.
Original article: Freight Truck Shortages Are Changing The Face Of Logistics. Shortages of drivers is just one of the contributors to the difficulties shippers are having in securing the truck capacity they need. Shippers would access autonomous freight capacity in a service model and pay for this on a per mile basis.
Quality and Detail of Data and its Analysis In some of our earlier posts, weve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It would be folly not to take advantage of data availability and accessibility.
In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions. On normal days, this can be challenging enough.
This week, learn how freight market participants, especially those freight parties who are executing refrigerated shipping moves, rely on SONAR indices that show reefer freight data and activity. The reasons for a carrier to reject the load tender are: 1) lack of trucking capacity; and 2) the rate is too low.
Transportation procurement remains a major problem for enterprises faced with the need for faster and more extensive capacity. Part of acting on them immediately derives from the size of the data collected and how it can be transformed into meaningful insights. Freight market data size consistency matters.
This article explores the key drivers of reshoring, the rise of regionalized freight networks, evolving market trends, and how companies can optimize logistics strategies in this new landscape. Labor and Capacity Shifts As more freight moves through regional networks, driver demand shifts accordingly.
Of course we’re talking about your ecommerce store’s data security. In this article we’ll discuss why multilayered ecommerce cybersecurity is important, the types of protection available, the main threats to your ecommerce store, and what ShipMonk does to protect your brand from them. Data Security Protection 1.)
“Of course, you can build more tracks and there are places in the Netherlands where it would be easy to do this, but in areas like the Randstad conurbation, where extra capacity is needed most, it’s going to be difficult,” said Pier Eringa, CEO of ProRail in an article on the railway’s efforts to boost capacity and speed.
Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages. Download the White Paper.
In the rest of this article, we will delve deeper into the advantages of how a fleet management system works and how to monitor it properly. Capacity, these metrics are essential for managers to analyze the operation and opportunities for improvement. How does a fleet management system work?
Organizations must take the following steps to bring departments together to create truly resilient and sustainable supply chains: Leverage external data to sense market shifts Look to external causal factors and forecasting models to identify market shifts. Supply chain design can help identify and flag such capacity and capability gaps.
This article explores how adaptive supply chains can help businesses thrive. By embracing collaboration, real-time data, and a focus on sustainability, companies can build resilience, improve margins, and gain a competitive edge. This data-driven approach enables faster decision-making and better risk management.
Throughout this article, we will discuss some of the key logistics trends for 2025 as highlighted by significant global logistics companies, as well as how they may affect business in the coming year. Being aware of innovations enables you to anticipate market trends, optimize operations, and provide a unique client experience.
This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model. Every forecast typically begins with internal company historical shipment data. After all, in the world of supply chain management, the only constant is change.
In this article, we’ll explore how these technologies can make a difference and enhance port operations. AI-Powered Optimization for Port Operations Data-Driven Decision-Making: AI algorithms analyze historical data, real-time information, and external factors to optimize port operations.
Data for the BlueGrace Logistics Confidence Index is aggregated through a survey of shippers and reflects all freight transportation modes, while correlating growth or shrinkage to the overall industry volume of shipments and the price of products, according to BlueGrace. READ THE FULL ARTICLE
So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. KPI dashboards and reporting: This is linked to tip #3 above.
Bouncing back more quickly, said experts, will require supply chain managers to turn to new ways of managing the supply chain, including using Internet of Things (IoT) data, analytics and machine learning (ML). An AI system needs to be fed data sets to learn how to behave and react. And again, data quality is a huge concern.
Today’s article is the fifth part in a series featuring surveys from APQC on supply chain topics including ESG in supply chain , environmental sustainability , last mile , digital transformation. It is typically applied to high-volume transactional processes with limited variation and clearly outlined business rules or decision models.
People are protective over their data, and with good reason. In today’s day and age, it just takes one data breach to set everyone off in a panic. Hackers were able to exploit a bug in the software and successfully execute the data breach. Think back to the Equifax cybersecurity attacks of 2017.
This article, which is focused on the different types of artificial intelligence used and the types of problems they are solving, is aimed at helping practitioners cut through the hype. Planning applications don’t work well if the master data they rely on is not accurate; this is known as the “garbage in, garbage out” problem.
In 2018 a Forbes magazine published an article entitled “Every company is a data company” in which the authors urged all companies to use data as a core asset. That is now becoming a reality as businesses come to realize that data is the most significant asset they possess. Growth of IIoT. Quality control.
4) Create Redundancy An expensive and inefficient option, redundancy in this context means keeping excess capacity or back-up across the entire supply chain in case of shock events, such as natural catastrophes and epidemics. Typically it involves carrying extra inventory and hiring more workers than absolutely necessary.
The ability to make data-driven decisions and forecast future trends accurately can make all the difference in surviving a bear market’s turbulent waters. The ability to make data-driven decisions and forecast future trends accurately can make all the difference in surviving a bear market’s turbulent waters. READ THE FULL ARTICLE
Is it freight pricing models, capacity constraints, lackluster carrier density or something else? And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supply chain makes management difficult at best. And it begins with capturing and analyzing data in its raw form.
LLMs fueling data-driven decision-making LLMs have stormed the tech landscape in recent years, and their applications in supply chain management are nothing short of transformative. The answer lies in data. In the ever-evolving world of logistics, data reigns supreme.
This article might help you cultivate that understanding, as it offers a brief overview of the factors influencing high container freight costs—and the challenges of volume forecasting. As container demand continues to grow, supply capacity is not increasing fast enough to keep up. Background to the Current Situation.
They represent more than 85% of the chemical distribution capacity in the nation and 90% of the industry’s gross revenue. You gain access to educational programs, important industry data, and networking with current or potential customers and supply chain partners. Why It’s A Great Organization For Chemical Manufacturers.
Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It would be folly not to take advantage of data availability and accessibility.
Logistics Management released an article on the topic, sharing that, “Matching capacity to need is going to be the key concern for shippers in 2022—almost regardless of price.” Challenges in Sourcing Transportation Capacity. Freight forwarders can secure better capacity when they have established collaboration with carriers.
This article is from Emerge and offers tips for trucking companies to decrease their insurance premiums. As an example, from data taken from the ATRI report, in 2020 a small fleet of fewer than 20 trucks would have paid about three times as much as a large fleet with more than 1,000 trucks. To read the full article, click HERE.
Today’s article is from GlobalTranz and looks at the difficult decision of transitioning in-house logistics to managed services. The supply chain is evolving, and the standards used for managed logistics transportation services today are more data- and technology-driven than those of the past. To read the full article, click HERE.
This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. According to recent statistical data, vacancy rates for industrial real estate across North America have been declining since 2020 and reached an all-time low in the third quarter of 2022.
This article is adapted from a presentation given at the Williams Foundation seminar on ‘Next Generation Autonomous Systems’ delivered in Canberra in April 2021. When greater logistics capacity is found, this naturally means more options open up for the strategist, tactician or capability manager. By David Beaumont.
In this article, you learn what the RESL Index is, what it may tell various freight market participants, and what the RESL Index can do for each freight market participant. The retail sales trends data can be broken out into categories for a more granular understanding of performance in various retail sectors.
Carriers struggle to cope with equipment shortages as transshipment ports see an increase in October cargo rollovers, reveals the latest Ocean Insights data. in October 2019, according to Ocean Insights, the world’s leading real-time and predictive ocean container tracking data provider to forwarders and shippers. from 30.4%
Last week, Clint Reiser published an article highlighting our 2022 supply chain predictions. Three years ago, my colleague Steve Banker wrote an article about the Amazon supply chain , asking if it was the most innovative in the world. Data from the U.S. Walmart is also investing pickup and delivery capacity.
Key takeaways in this article: In the wake of the COVID-19 pandemic, augmented reality may have an immediate impact. The industry is moving in that direction, as augmented reality (AR) and virtual reality (VR) systems begin delivering fresh new Internet of Things (IoT) data analytics to workers in a variety of fields. “We
Because supply chain planning is undergoing something of a technological revolution, this article will focus on o9’s technology and why their CEO believes it is differentiated. Data is stored just like you might sketch ideas on a whiteboard. A graph database stores nodes and relationships instead of tables, or documents.
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