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Currently Vice President of Information Security at DAT Freight & Analytics, she leads the vision, strategy, and execution of advanced security protections. in Cybersecurity from Northcentral University, while teaching Cyber courses in the evening and advising Women in Leadership at the University of San Francisco.
Curtis’ career has taken him through LTL operations – both driver and dock, Weights and Research, pricing, yield management, strategy, sales, and technology. Their flagship course, Understand LTL: Building an LTL Brain , was released in November 2022 and is designed to make LTL less frustrating and intimidating.
By David Beaumont On 17 April 2024, Defence’s Integrated Investment Plan was published as a companion to Australia’s National Defence Strategy. [1] 2] This is the largest, single-hit, planned investment in Defence’s logistics capability and capacity since the Second World War. Before this time, the situation was grim.
Among these, an integrated return management strategy can make or break successful operations. Use Real-Time Data to Inform Your Returns Management Strategy. However, not all supply chains have the capacity or resources to aggregate the massive stores of data available. warehouses) and externally (e.g.,
However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. And it has opened new channels for capacity procurement.
Expected Transportation Capacity Issues. The concern and dialog about the transportation capacity issues for our country have bridged the past two decades and beyond. We have heard so much over the years about a coming capacity crunch crisis , many argue if crisis is the proper terminology. Wide shoulders.
Warehouse capacity: The storage capacity and utilisation of existing facilities. Throughput rates: The processing capacity of distribution centres. Competitor intelligence: Distribution strategies and network designs of your competitors. Route data: Transportation routes, distances, and transit times.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. In the report, you will find capabilities across five categories: technologies, competencies, frameworks, operating model strategies, and organizational models. Firefighting is the norm.
As shippers either figuratively or literally flipped the calendar page over to 2022, the hope was that at least some of the capacity crunches, driver shortages, labor issues and freight rate increases that took hold in 2021 would begin to heal themselves and create a more balanced transportation marketplace. Unfortunately, this didn’t happen.
Some of the tightest of the previous capacity crunches have occurred within the last two decades. In the aftermath of Hurricane Katrina, capacity hit a breaking point. Increased Freight Rates Can Tone Down Capacity Crunches. So, shippers that take advantage of this concept can overcome the capacity crunch. Think about.
More than a year into a freight capacity crisis that shows little sign of weakening, it’s time for all parties involved in logistics and freight transportation to meet this issue head on. Of course, all of this is easier said than done, but new challenges tend to require new strategies and new innovation.
If you’ve ever paid $10 for an Uber ride to the cocktail lounge in the evening and then a “surge priced” $50 for the same distance Uber ride back to your home only a few hours later around closing time, you understand the dynamics troubling shippers in today’s capacity constrained transportation market.
We wanted to bring you some quick strategies and tips that can help your holiday shipping woes or at any time of the year where you experience an increase in shipping volumes. If you’re shipping in Oregon, Washington, or the Carolinas then lanes are at capacity. Truckload Holiday Shipping. They’re full up with giant Christmas trees.
Overcapacity Could Be Maersk’s Salvation … and Strategy. And it seems pretty clear that this strategy will continue to be their path forward. Maersk’s aggressive vessel purchasing behavior over several years has helped drive the current capacity glut in container shipping. This isn’t a new strategy.
While expanding capacity with new construction is certainly one solution, other ways exist to get more throughput and capacity in distribution centers without major overhauls to existing operations. This idea can be a double-edged sword in the arsenal to improve throughput and capacity in your distribution centers.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. Moreover, Supply & Demand Chain Executive explains , “Developing a point-of-departure strategy for partial and LTL shipments can give small and medium-size businesses delivery costs comparable to the mega shippers.
During this peak time, freight rates are at the highest and the capacity is tight. Although it is hard to predict customer behavior and demand right now, analyzing your previous sales and operation strategy may help define mistakes and adapt your strategy to prevent those issues in the coming season. Use information to plan.
This will require an LTL and e-commerce focused shipping strategy. Shippers need to know the benefits of combined strategy and a few best practices to develop a winning LTL and e-commerce plan. Of course, shippers must also work to build positive experiences for customers up to delivery, installation and customer service, if necessary.
Freight and trucking rates will reach new heights in 2018 as the truck driver shortage continues to worsen, putting even more pressure on the already fully loaded capacity crunch. Moreover, consumers want the product here yesterday, not tomorrow, and consequently, shippers are faced with paying higher freight rates to access limited capacity.
Operational excellence, of course. The logistics industry has grown so complex, with so many challenges such as regulatory changes, capacity issues, pricing fluctuations, and worsening weather events, that customers are looking for a one-stop shop, backed by assets and technology, to help them navigate the current shipping environment.
Freight brokers and 3PLs are exposed to risks on both the buy and sell sides: Depending on the supply chain, the process can involve multiple intermediaries: shipping lines, trucking companies, and charter companies, in addition to insurance firms and, of course, the customer who winds up receiving the goods. Key Features: Basic Auditing.
This, of course, left some large shoes to fill, and unfortunately, 2019 could not meet the mark, with freight rates falling by 27 percent as per Camino Financial. All findings point to one thing: shippers must begin planning their 2021 strategies now. What this Means for Your Organization and Trucking at Large.
Besides China’s undeniable first place, of course, other actors in maritime competition in Asia are also aiming to catch up or even surpass China. This proximity highlights the intense competition within the region, where each country is striving to enhance its maritime influence despite varying sizes and capacities.
Contract freight may not equate to guaranteed capacity. The fact remains that within freight transportation protocol, trucking capacity is finite. Available drivers will not always be accessible to handle loads, affecting freight pricing rates and fees when special capacity considerations are needed. Download the White Paper.
So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services. The Post-2016 Strategy: End-to-end Shipping. The shift to full end-to-end integration, of course, leaves no one else in the middle.
That’s even more true since transportation capacity, indicated by LMI.TPCP, is at 46.34, well below prior years’ averages in the above image. The problem: Shipping demand management includes a need to source capacity around the clock Capacity rules when it comes to keeping the supply chain moving and the trucks full.
Of course, measuring revenue through the growing demands for both contract and spot freight transportation is never simple addition and subtraction. Market activity describes the nationwide and granular trends affecting available capacity, timeliness of transit and on-time, in-full deliveries.
The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Mostly, this reflects the skills and actual working capacity of employees.
Of course, no disruption comes close to those that have been experienced to date in 2020. As e-commerce peak season ramps up, more organizations will see available drivers and capacity dwindle. As e-commerce peak season ramps up, more organizations will see available drivers and capacity dwindle. Consider this example.
Utilizing outsourcing to fill the gaps that exist within your own supply capacity may be the key. Is your business model struggling with stock space and capacity? Of course, there are those who have an aggressive business strategy right from the outset. Key indicators that you need to start outsourcing.
Severe weather conditions require flexibility and preparedness, prompting ships to change course or delay voyages to escape the force of nature. Hurricanes and typhoons disrupt schedules, damage vessels, and endanger crew members. Challenge 4: Insurance Challenges The rise of extreme weather events creates dilemmas for the insurance industry.
Let’s begin with a look at network planning, because whether your company requires one warehouse or five, your service, efficiency, and costs will be influenced heavily by your choice of location and capacity. This requirement, in turn, will influence decisions about the number of warehouses required, and their capacity.
When I talk to worldwide businesses in Asia, Oceania, North America, or anywhere else, their chief concern is always the same: how do we meet our customers where they are to get them the products and services they want, all while keeping our own business strategy central? How to prioritize supply chain strategy for business expansion.
What Does the ELD Mandate Mean: Transit times, Capacity, and Rates . Long Haul (over 800 miles) The long haul runs are also affected by the ELD mandate, of course, but many carriers operating these runs were already in compliance. . Almost $32 million worth of fines had been racked up as of Feb. 22, totaling at $174 million. .
The risks accepted in not beginning are, of course, high and err towards a professional negligence that ultimately costs time, resources and people at the time of a future war. These issues determine whether the capabilities militaries spend so much effort in acquiring and developing have the capacity to be useful, or pose a liability.
There is one other dynamic happening right now and that is the current capacity crunch. Rather than get into an "arms race" of ever increasing rates, the retailer may decide to just buy their own capacity and this is another reason to get the "Elephant Gun" out and look for carriers to buy. Many retailers follow this power only model.
However, humans still have the capacity to perform specific functions that a machine cannot, which results in a higher demand of cheaper labor than available here in the US. You have, no doubt, heard of offshore manufacturing, or outsourcing, throughout the course of the previous decades. Cheaper Products From Alternate Economies.
The truck driver shortage and its relationship to the capacity crunch. The industry is growing and will only continue to suffer from finite trucking capacity. The main concern for the truck driver shortage is its relationship to the capacity crunch. Driver retention is a growing issue as the industry expands.
The investment forms part of the company’s strategy to expand its training portfolio to facilitate with the new CACES (certificate of safe driving skills) training reforms, which came into effect on 1 st January 2020. The post Encarna Invests in Hyundai and Expands Forklift Training Courses appeared first on Logistics Business® Magazine.
The difficulties are pushing companies to come up with creative strategies that help encourage employees to find on-the-job fulfillment. By leveraging AMRs, an organization can easily add or remove robots to maintain optimal capacity, and limit adjustments to base labor staffing requirements.
Have you taken any steps to increase capacity utilization? And of course, it hinges on the ability to understand and maintain consistency in your metrics. . Of course, profitability losses don’t simply involve an empty trailer. Are you using your trucking assets as efficiently as possible?
Even the resultant increase in TEU capacity since 2018 has not been able to quite satisfy the current demand. Such a move, if it happens, would restrict shipping capacity even more than it is now. Insurance should be a matter of course and businesses should ensure that they are always up to date. Assessing Risk.
Shortages for in-demand products abound, while shipment delays are common and production lines run at a fraction of capacity. Supply chains will survive COVID-19, of course, but not without interim pain and structural change. But those new sourcing strategies must be informed by an accurate data platform that can conduct risk analysis.
In the course of updating our annual research on the supply chain planning market , I talked to executives across the industry. Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” At Coupa supplier risk is also flagged for single source or capacity constraints.
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