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He leads a team of market experts who study every facet of the logistics industry to bring the best available insight to customers. Real-time Market Insights: DAT provides real-time data on spot market rates, capacity availability, and lane-specific trends, enabling informed decision-making.
I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here. AI tools become more valuable when users can comprehend how the AI model arrived at its decisions. The post New Study Shows Global Trade Compliance Is Not Slowing Down Any Time Soon appeared first on Logistics Viewpoints.
All companies and agencies above are heavily investing in technology and tools to deliver packages faster and more efficiently. Companies will become increasingly dependent on digital tools to sort, track, and mitigate issues at the border. This is the final step in the decision-making procedure.
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. AI-driven procurement tools analyze pricing trends and supplier performance to negotiate better contract terms.
Research shows that the hiring process is biased and unfair. While we have made progress to solve this, it’s potentially at risk due to advancements in AI technology. This eBook covers these issues & shows you how AI can ensure workplace diversity.
Capacity & Supply Chain Hurdles : How ongoing challenges in the market are affecting transportation availability and what it means for shippers. The Role of Technology : How data, AI, and visibility tools are helping companies stay agile in an ever-evolving environment.
The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . Multiple best/worst case scenarios should be run under different demand conditions to study the impact on your supply chain. Study 2: Inspect Demand Trends .
These tools can automate much of the regulatory tracking, freeing up valuable time for businesses to focus on other areas of their operations. A Deloitte study revealed that companies using compliance management systems reported a 30% reduction in regulatory violations.
Matrices are powerful mathematical tools that play a crucial role in supply chain management. Applications of Matrices in Supply Chain They serve as a versatile tool for solving a wide range of challenges in supply chain management. Matrices can model stock levels, reorder points, and safety stock across multiple locations.
Using digital tools to help deliver great customer experience. . Robinson all rolled out new digital tools in 2019. This year’s Freightos mystery shopper study looked to answer these questions. . What does the oldest company on the top ten global technology companies have to do with freight? DB Schenker, Hapag-Lloyd and C.
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. .
Relationships are critical to the overall success of end-to-end supply chains, and the 2025 Annual Third-Party Logistics Study found that 89% of shipper respondents said their relationships are successful, a decrease from 95% in the previous study. Respondents also view AI as a tool to automate repetitive mundane tasks to free up work.
The 2024 Third-Party Logistics Study found that 95% of shipper respondents agreed that their relationships are successful and 99% of 3PL respondents agreed that their relationships are successful. The study, which was released Oct. Overall, those relationships are working.
Data Visualization: Making Matrix Data Actionable Data Visualization: Making Matrix Data Actionable With supply chains generating vast amounts of data, visualization tools help translate complex matrix data into clear, actionable insights. By using both tools, companies can: Close the Loop Ensure a seamless cycle of rate and cost management.
The emergence of IoT is an amazing thing for supply chain executives – and especially exciting as the enabling technology is becoming less expensive and more readily available, meaning that deployments are possible now. According to a recent study by Pew Research study, 80% of consumers make online purchases, compared to just 22% in 2000.
When “trams” (coal carts) were in short supply, for example, the “trammers” would horde carts to optimize their team’s performance at the expense of other teams being limited by the number of carts available. The study I am citing here was commissioned to determine why. This all changed shortly after WWII.
Are trustworthy KPI’s available and analyzed with appropriate business intelligence tools that allow a solid grip on the supply chain, and your logistics providers? It would be valuable to ask yourself: are all elements of your supply chain measured properly? Are you looking for growth into other markets and continents?
BlueGrace describes this report as an important tool for measuring expected expansion or contraction within the logistics sector. Additionally, capacity availability has improved, allowing businesses to secure reliable freight options without the extreme cost fluctuations seen in previous quarters.
It would be folly not to take advantage of data availability and accessibility. Transportation options: Costs and lead times for each available transportation mode. Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it.
In a recent Forrester study, they found the problem to be poor quality data. A leading Telecom provider realized they had an untapped source of revenue in used handsets so configured their sourcing tool to run forward auctions, generating tens of millions in new revenue. Foundation, Foundation, Foundation.
These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain. And again, data quality is a huge concern.
Of all industries, the food industry needs data and visibility in the supply chain readily available when it comes to their shipping. Your customers want the best-looking product with the longest shelf life available when delivered. Many food products are perishable and need to deliver in a specific timeframe to be able to be used.
View the Full Case Study. Having experienced market growth in size and volume of tenders, Opus9 realized its existing freight market data intelligence tools were not giving their customers the best rate information. View the Full Case Study. Bill Peterson. Opus9 General Manager.
Whether that is the case or not, a brief study of the origins and progression of fleet route optimisation, covering the last three decades or so and looking forward to the near future, highlights in a spectacular way how technology, in particular, has revolutionised the business of logistics.
How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 Market conditions play a crucial role in shaping challenges professionals face when managing their organization’s supply chains.
As industries evolve the distance between the worker and the job has grown, for example back in the day the worker had one tool between them and the task. A World Economic Forum study found that the top 10 skills for the next decade include essential human skills such as critical thinking, creativity, and people management.
Keep an eye on transportation costs across the different modes available. INVEST IN TECHNOLOGY Logistics technology, like a transportation management system (TMS) , has toolsavailable to help you stay on top of your supply chain and plan efficiently. One
Sure, we can talk endlessly about our warehouse automation and cool robotics , outstanding service , or award-winning warehouse management system , but that’s not nearly as believable as our case studies and customer testimonials. Adding social proof to your website, product pages, and marketing tools builds trust in your product.
Toolstream is sole distributor of more than 6,000 branded hand tools, power tools, hardware & fixings, to retailers, wholesalers and merchants throughout Europe. The post Case Study: Tooling Up with Storage and Picking System appeared first on Logistics Business® Magazine.
These software applications are able to answer the routine questions that customers have about things like business hours, service availability, where to find vessel schedules, and more. Analytics tools, however, can help businesses analyze the data that they have for actionable insights. Often, the data collected merely sits unused.
Though they’ve always relied on internet load boards, posting services and other tools determine when and where loads are available, today they’re leveraging these technologies to “lie in wait” for opportunities to optimize their margins. Many are leveraging technology to time their offers of capacity to optimize profitability.
Those are some of the key questions I discussed with Tom Curee, Vice President of Logistics at Kingsgate Logistics , and Prasad Gollapalli, Founder and CEO of Trucker Tools , in a recent episode of Talking Logistics. That’s when we began working with Trucker Tools. Current challenges for freight brokers.
From there, Allen explained how Envase uses a combination of acquisitions and technology development to assemble a collection of service lines such as Compcare Services, DrayMaster, GTG Technology Group, Infosite, Profit Tools, SecurSpace and Tailwind Transportation Software. Envase Mobile Driver App allows drivers to get more done daily.
For this reason, it is critical to synchronize the port’s availability to serve the vessel with its arrival time which is determined by factors such as: Adherence to estimated time of departure at the port of disembarkation. Tug/pilot boat availability. Weather conditions. Other planned vessel movements. Cargo transfer requirements.
It was taxing to report above the country level with this tool. This drove us to adopt a better strategic decision-support tool. This was not easy to do with an error-prone tool. We also do a lot of production capacity studies in different countries, but it always took a long time to gather and validate data for each country.
In a SYSPRO-led research study 37% of businesses agreed that their business systems lacked those basic planning tools that could adjust to day-to-day changes in the environment. In fact, 46% of businesses in our 2020 study felt that their systems lacked the insights that were needed to respond to the change.
Penske Logistics senior vice president of global sales Joe Carlier will join a panel of experts in a May 21 webinar hosted by the Council of Supply Chain Management Professionals ( CSCMP ) on the 2020 Third-Party Logistics Study. The publication, available at no cost at www.3PLStudy.com Please click here to register.
84% of respondents in a 2017 study stated that they want an affordable network design solution, but only 54% of them thought availabletools meet their price expectation. Research available suppliers via analyst recommendations, reports, etc. . Implementations are often slow. Get demos and pricing structure .
Image source: Pexels | How Real-Time Inventory Tracking Can Boost Your Profit in 2025 In today’s fast-moving business environment, real-time inventory tracking has become a critical tool for optimizing operations, cutting costs, and driving profitability.
A Statista study found that in 2020, the furniture and appliance e-commerce global market volume was $383.2B. Less space is available per truck, two delivery personnel may be needed and installation may be required. Digital scheduling and capacity planning tools can allow shippers and carriers to achieve greater fleet utilization.
With demand for drivers often exceeding availability, shippers find themselves forced to pay more to secure capacity and drivers across many industries. All three of these analytical types are critical to supply chain strategy, but many businesses lack the resources and tools to use effectively.
If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges. In a study commissioned by Blue Yonder, it is estimated that a typical $10 billion company can save $14.1 Warehouse Task Automation. Warehouse Robotics.
Following their earnings, Michael Jacobs was made available for interviews. The company uses a network design tool from Coupa. This is an important analysis tool for maintaining a well-run supply chain. Ferguson does 20 to 30 studies a year using this tool. We have built our organization around this.”
They can do this within an hour, with the management team interactively reviewing scenarios during a meeting – an activity that would have previously taken them at least 24 hours with more cumbersome and less interactive tools. . The tools of the past are simply not enough to deal with the quantity of data available today.
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