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Hot on the heels of COVID-19, the Human Metapneumovirus (HMPV) outbreak is highlighting just how fragile our supplychains remain. If theres one takeaway for business leaders, its this: the next disruption may not be another global pandemic, but it will still test every link in your supplychain. Whats Happening?
Our team put several resources together to help supplychain organizations navigate through this crisis safely. . The next 2-4 weeks are critical to understand the exposure throughout your value chain, take actions to address anticipated shortages , and ensure resource requirements to restart. Evaluate different scenarios .
What is SupplyChain? Supplychain is essentially the entire behind-the-scenes network that links a product from its point of origination to its final destination. Supplychains are often very complex as they encompass all vendors, warehouses, retailers, and so on that bring a product to life and then to a customer.
Global supplychains are growing and transcending traditional borders. As businesses continue to expand, outsource, and enter new markets, supplychains will continue to increase in complexity. Unfortunately, this is rarely the case, and the issue of supplychain fragmentation is only becoming more and more prevalent.
Please enjoy Part 2 of our two-part webinar series focusing on high-value and controlled substances supplychains. This webinar will cover the pharma supplychain. We will delve into understanding the supplychains for any goods or substances that are high-risk and high-security. REQUEST A DEMO.
According to EFT’s SupplyChain Hot Trends to Watch for in 2019 , one of the most significant trends that we should be paying attention to this year is automation. While automation in the supplychain is still in an early-adoption phase, the impact that it could have on the industry is significant.
Blockchain in the pharma supplychain can dramatically affect the success and verifiability of pharmaceuticals. Failure to maintain proper temperatures or traceability within the pharma supplychain can have disastrous outcomes that directly impact patients and their family members. Consider the following use cases.
Global supplychains suffer from limited visibility and a general want for supplychain intelligence in carrier sourcing , freight tendering and all other processes. Fully 70% of companies say their supplychain is either very or extremely complex and only 6% of companies have full visibility within their supplychains.
Managing the manufacturing supplychain and freight markets of today requires skills, tools, applications and services that have never been utilized in the past. Supplychain constraints are impossible to avoid, but they can be planned for to reduce their impact.
Today’s successful supplychain networks are adaptable. Selecting software for supplychain network design doesn’t have to be a hassle. The process of selecting software for supplychain network design needs to change. We developed the Guide based on research conducted among supplychain professionals.
Some of the most cost-effective software and methods supplychain professionals and the best freight brokers can adopt are supplychain predictive analytics programs. While still relatively new to the supplychain, analytics implementations have skyrocketed in popularity since its birth a little over 10 years ago.
Is that a term that’s been used too often in the supplychain over the last 12 months and people just gloss over it? What are some of the challenges that supplychain professionals face when adding on NEW technologies and then making them interoperable with the technology they have in place and how can they see success?
Schedule a demo with our sales-team today and see firsthand how TrakItPRO can transform your freight forwarding operations. Experience the difference with TrakItPRO. You can watch a video on TrakItPRO here and download our guide.
Why logistics automation alone does little for supplychain advancement Market conditions and demand drive carrier profitability. Carriers must collect, analyze and proactively apply data, which “is critical,” says SupplyChain Brain. Global supplychains continue to undergo digital transformation.
You already know the biggest supplychain disruption of 2020: the COVID-19 pandemic. With that said, how can you keep your supplychain running as smoothly as possible in the meantime? The best way to safeguard your supplychain will be by building resilience into your operations. But ‘back to normal’?
Effective supplychain management and logistics RFP processes depend on an accurate measure of the health of the business and the market. As further explained by Grainger , “Big Data gives businesses the ability to monitor products with laser-like focus as they move through their supplychain in real-time.
On the episode you’ll hear: Why should freight market participants like shippers, brokers, and carriers 1, care about collaboration in the supplychain and 2. How do we digitize all the players in the supplychain network? And why is digitizing the supplychain network vital moving forward for our industry?
Big data in the supplychain is nothing new. And as reported by SupplyChain 24/7 , “Leveraging technology, shippers are able to see regional trends and specific lane cost information, as well as driver preferences, while carriers have access to details like loading/unloading times and lane history data.”
We’re back and shining our spotlight on one of Parade’s supplychain solution partners, Turvo. Turvo’s Collaboration Cloud and modern TMS applications help streamline people, processes, and data for global supplychains. Reach out to their team to request a demo today. What Does Turvo Do?
As globalization extends supplychains around the world, the likelihood of negative impacts stemming from supplychain disruption increases. Supplychain disruptions are an inevitability for any supplychain, though the severity of the impacts can vary. Types of SupplyChain Disruptions.
Logistics stakeholders are continuing to digitalize operations—and supplychains—through new technologies that meet customer expectations and keep up with global trade challenges. Companies were forced to adapt quickly to a volatile market and supplychain disruptions throughout the pandemic.
Instead of truckers reporting information back to carriers and supplychain partners manually, blockchain can be used in conjunction with the ELD to provide immediate, automated and verifiable status updates. Empower Truckers in Your SupplyChain With Blockchain.
Unfortunately, the trials of 2020 taught supplychain leaders that planning on the typical expectations will not always work. Broad market assumptions are great for broad strategies, but as everyone knows, the supplychain is rarely that simple. Request a SONAR Demo. Think about it.
And that helps to create entirely new ways of viewing the supplychain to proactively hedge risk. . The inability of shippers to do this can lead to many problems that can greatly impact the profitability and overall success of the supplychain. On-demand access and shareability of essential data and information.
Managers can calculate freight rate charge estimates to see what needs to be passed on to customers and what needs to be made up for elsewhere in the supplychain. Consider the value of system visibility and resource use made by Supply & Demand Chain Executive, “It’s an intelligence tool. Download the White Paper.
Tracking the correct KPIs in supplychain processes across warehouses, logistics, transportation and freight management is essential. The capabilities of supplychains are continuously changing to reflect the latest advancements. Sales – cost of goods sold = X.
According to Dan Weinberger of SupplyChain Brain , “In a time of increasingly unpredictable consumer demand, traditional supplychains are struggling to keep up. Organizations that are still employing traditional methods will struggle to streamline end-to-end supplychain processes. Request a SONAR Demo.
Establishing a practical freight routing guide helps outline essential rules of engagement for vendors, clients and supplychain managers. Maintaining good compliance to these informational guides is critical to supplychain management and relies heavily on current data and automation. Request a SONAR Demo.
Table of Contents Why Retailers are Prone to SupplyChain Attacks How SupplyChain Attacks Cripple Retail Businesses How Retail Businesses Can Mitigate SupplyChain Attacks Online shopping has transformed retail into a billion-dollar industry due to the convenience technology brings.
Blog " * " indicates required fields Email * Phone This field is for validation purposes and should be left unchanged. It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supplychain.
That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supplychain route optimization too. The whole picture requires close attention when it comes to optimizing shipping routes in the modern supplychain.
Big data and predictive freight rates in the digital supplychain are nothing new. Real-time data and predictive freight rates promote end-to-end supplychain benefits. However, objective risk management implies seeing both the threats and opportunities to improve the supplychain. Request a SONAR Demo.
As explained by SupplyChain Beyond , “The integration of real-time information can enable you to take a magnified look at your business operations and swiftly recognize any possible deficits and issues before they become full-blown problems that can affect your sales and profits.” Request a SONAR demo online to get started. .
To effectively meet customer demand, retailers need a well-oiled machine behind the scenes – I’m talking about a streamlined supplychain. And the make-or-break point in this chain? One of the other biggest hurdles in the world of supplychain management is visibility. The last mile.
What this blog is about: Using automation and digital disruption to transform supplychains. Logistics stakeholders are continuing to digitalize operations—and supplychains—through new technologies that meet customer expectations and keep up with global trade challenges. Collaboration With Key Stakeholders.
What this blog is about: Using automation and digital disruption to transform supplychains. Logistics stakeholders are continuing to digitalize operations—and supplychains—through new technologies that meet customer expectations and keep up with global trade challenges. Collaboration With Key Stakeholders.
When it comes to supplychain, the vast promises of renewed visibility and traceability are abundant. This allows supplychain leaders to ensure consistency across activities, and if a problem does arise, data retained in the blockchain reveals why, how and what to do about such issues. It also affects reverse logistics.
As the Middle East and North Africa (MENA) nations recover from the series of disruptions over the past couple of years—the Covid-19 pandemic, the Ukraine war, inflationary pressure, and the potential for rising food prices—a reinvention of logistics and supplychain operations is needed. Book a demo with us! Schedule Demo.
Challenges in Managing Service Level Agreements Without Data Within the modern supplychain, SLAs are the contracts that lay out the terms and specifics of a partnership and shipping agreement. Request a FreightWaves SONAR or a SONAR SCI Lane Acuity demo to boost your current RFP processes by clicking the respective button below.
And while leveraging a freight rate index or ocean import data to lower detention risk , the sheer size of the supplychain makes management difficult at best. And depending on the size of your supplychain, filling a single order could result in a compounding series of actions that go back to the supplier itself.
The energy crisis in the same region threatens to slow exports, putting pressure on an already crimped global supplychain. Request a SONAR Demo. Request a SONAR SCI Demo. All other indications point toward continued tightness, as import shipment volumes remain 2% higher y/y. .
Data for data’s sake lacks value, especially in the view of the supplychain. As explained by Fierce Healthcare in 2018, “consulting firm Navigant found that hospitals could save up to 18%, or $11 million a year per hospital, by reworking supplychain. Proactive supplychain management is just that – proactive.
This focus makes proper use of global trade data and analytics so vital for continued recovery and growth throughout the supplychain network. Enterprise shippers and logistics managers need to embrace global trade data and analytics to apply this valuable insight throughout the supplychain.
However, when it comes to rates and calculation and how the load sizes and types affect those fees, shippers must visualize the entire supplychain network. The supplychain is a complicated and interconnected web of lanes, channels, shipping modes and methods. Request a SONAR Demo. Request a SONAR SCI Demo.
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