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Sitting Down with Mike Hain, Lead of Industry at Descartes to Discuss the 8th Annual TMS Benchmark Survey Mike Hain has over three decades of experience spanning transportation-based projects, executive consulting, various software organizations, and now go-to-market solutions with Descartes.
By Pascal Chandler (pictured), business consultant at cloud-based accountancy software bluQube The pandemic, Brexit, ongoing geopolitical conflicts, and rising inflation have placed unprecedented pressure on the global logisticsindustry.
As the industry pivots from Logistics 3.0 to Logistics 4.0, the role of Generative AI, a subset of artificial intelligence that can generate data like what it’s trained on, is becoming significant. Let’s follow, Alex, a seasoned logistics manager, into his journey with Generative AI in logistics.
How you develop your sales team has a big impact on your logisticsbusiness. Even as the industry is becoming more data driven than ever before and cutting-edge software is increasingly used to manage freight from start to finish, the development of your sales team is still important. People skills do matter.
Supply chain management is a field where Big Data and analytics have obvious applications. Until recently, however, businesses have been less quick to implement big data analytics in supply chain management than in other areas of operation such as marketing or manufacturing. This was clearly a situation that couldn’t last.
Emerging technologies play a role in managing disruption and are driving change in the transportation and logisticsindustries. We are now seeing an increase in the use of automation, not just within a TMS or WMS, but the digital coordination across all phases of logistics, from shipper to broker to carrier to warehouse.
You get the benefit of working with experts in the ecommerce industry who value customer-centric operations and cutting-edge automation that is specifically optimized to make order, inventory, warehouse, and transportation management as simple as possible. Does the 4PL have strong software and IT capabilities for managing data?
The state of the trucking market in 2021 is uncertain, filled with risk, and continues to evolve, making logistics management challenging.? Let’s consider these top factors affecting the trucking market, their implications on supply chains and how they are driving change within the industry. . That’s an astonishing $933.30
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.
If there is an industry that understands the value of scalability, it’s the logisticindustry. According to 3PL Central , “Adapting to client growth is a part of the business. Cloud services enable businesses to grow without overhauling their systems. Amplify Performance and ROI by Digitizing Your Supply Chain.
Today, industrial automation is rapidly making the “Jetsons” cartoon a reality. Supply Chain Dive reported, “Annual installations of industrial robots will jump from 450,000 a year in 2015 to 600,000 in 2022.” OCR then turns the image into auto-populated editable text available for email or data entry.
And because it collects valuable information along the way, WMS also provides actionable data analytics that companies can use for good decision-making. Let's take a look at some industry trends for 2019. Logistics managers don’t have the time to sift through reams of data to find what they’re looking for.
But more analyses are a hard-sell for busylogistics managers. According to Talking Logistics with Adrian Gonzalez , “Transportation professionals are so consumed with managing immediate needs that it’s often difficult for them to step back and consider longer term strategic objectives.” Gather data for the analysis.
Technology is disrupting the supply chain industry at a rapid pace. During this decade, e-commerce and IoT have irreversibly altered every aspect of logistics management. These technologies also contribute to a rise in big data and analytics in the logistics field.
The alarming rise in cargo theft across the United States is becoming a significant concern for businesses, logistics providers, and consumers alike. Regular risk assessments, using data analytics, can identify vulnerabilities and areas for improvement, ensuring that the protective measures in place remain robust and relevant.
In this blog, we critically examine the transformation of logistics education in higher institutions, comparing past, present, and future developments in this field. It will incorporated relevant statistics and facts to highlight the implications of these changes on the global supply chain industry. Logistics education matters.
This digital transformation is providing new opportunities for growth and transformation, but it also opens new opportunities for cyber-attackers to target businesses. Logistics organisations make for particularly tempting targets for hackers. It only takes one weak link to open a business up to risk.
TIM Consult, the international businesslogistics consultancy, is to merge with the Transporeon Group. TIM Consult was founded in Germany in 1995 and provides businesslogistics consultancy, market intelligence and procurement services on a global basis, across all transport modes and industry verticals.
Digitalization is about leveraging technology to create, enable or transform a business process. The basic advantage of digital applications is data compression to improve the speed of transactions. Speed is king in today's logistics world in all facets of execution. With an estimated US$4.6
Inbound Logistics’ (IL) Top 100 3PL Provider’s list is a qualitative assessment of the service providers deemed best equipped to meet and surpass the industry’s evolving outsourcing needs. We’re committed to our position as industry leaders in chemical transportation technology and services.
A reality check for contemporary business. Logistics is defined as a series of processes and procedures that facilitate the movement of an item or person from location to location. Why should you consider logistics systems in your supply chain? Logistics systems are essential if you are pursuing a strategy of agile management.
Earlier in the year the company also staked its claim in the digital freight brokerage industry. Now, it has set its sight on the grocery business. Unlike its other ventures, the retail giant’s foray into the food and grocery business has not been profitable — at least not yet. Amazon’s Grocery Connect.
Global volatility has continued to disrupt supply chains, and flexibility, efficiency and resilience are vital for companies throughout the logistics sector. Overall Logistics Costs In 2022, the market swung back sharply in shippers’ favor, and supply and demand largely rebalanced across all modes of transit. of the national GDP.
Nailing down exact numbers on return rates is notoriously difficult, but compiled data from separate sources paints a bleak portrait, especially for online retailers. Some in the industry that created the monster are trying to put it back in its cage. In the U.S. more than four years prior.
VIEW addresses the growing demand for real-time location and tracking in busylogistics environments. Efficiency is key in manufacturing and logistics and understanding the real-time location and operation of all assets allows better planning and more efficient operations. Together the two companies are announcing SYNA.OS
Companies like WholeFoods and Amazon are changing up their logistics goals in a big way, something that is likely to ripple through other similar industries. Amazon Tips its Hand to Logistics. We’ve seen it before with Amazon cloud computing when the company needed to boost its data handling capabilities.
"It is an extended perfect storm," said Balika Sonthalia, a partner with the strategic management consulting firm Kearney , which produced the 32nd Annual State of Logistics Report for the Council of Supply Chain Management Professionals (CSCMP). The report was first presented virtually by Penske Logistics on June 24. trillion, or 7.4
The 34th Annual State of Logistics Report was first presented by Penske Logistics on June 20. Overall Logistics Costs Despite shifts in capacity, overall United States businesslogistics costs rose 19.6% Brogan provided an update during the annual CSCMP EDGE conference on Oct. trillion in 2022, representing 9.1%
In our work with companies in the industry, we’ve developed processes that lead to fast responses when our customers need it most. Create reports and analyze how actual shipment data compares to expectations during and after the project. You can use these best practices with your next planned outage for more successful outcomes.
In our work with companies in the industry, we’ve developed processes that lead to fast responses when our customers need it most. Create reports and analyze how actual shipment data compares to expectations during and after the project. You can use these best practices with your next planned outage for more successful outcomes.
Other ways we support experiential learning include hosting external student case competitions, touring logistics facilities, and attending industry conferences. Jimmy Chen, Bucknell University: One trend is emphasizing the endless possibility of creating new logistics models. But hard skills must be coupled with soft skills.
TIM Consult, the international businesslogistics consultancy, is to merge with the Transporeon Group. TIM Consult was founded in Germany in 1995 and provides businesslogistics consultancy, market intelligence and procurement services on a global basis, across all transport modes and industry verticals.
To browse all recent LogisticsBusiness issues click here About LogisticsBusinessLogisticsBusiness magazine is a quarterly print and digital journal, launched in 1997. Every Friday we select the top industry stories and comment on the key issues. Subscribe for free here now.
The paper should also generate a sense of urgency to encourage you to better prepare (or improve) your networks and connections to give you the opportunity to review and assess industry (or international) trends as potential opportunities for Defence.
New report from Kearney and CSCMP paints a picture of a resilient industry that’s increasingly turning to technology and automation to help navigate the COVID crisis and subsequent economic downturn. businesslogistics costs (USBLC) rose 0.6 is no exception,” Kearney points out. Recovery Ahead. In 2019, U.S. percent to $1.63
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