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At the beginning of 2021, ARC Advisory Group, in partnership with DC Velocity magazine, anticipated factors such as a subsequent surge when we crafted our survey of warehouse practitioners. More than 25 percent of survey respondents stated that they experienced a decrease of order throughput volumes in 2020.
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. There are No Crystal Balls.
And even if there’s an imbalance, good forecasts allow organizations to course-correct before a real problem emerges. The ocean freight sector is facing a particularly high amount of uncertainty right now thanks to ongoing container shortages, port congestion and lack of capacity. Covering the Demand.
However, GEP And S&P Global publish the GEP Global Supply Chain Volatility Index based on data derived from S&P Global’s PMI surveys. A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. Of course, prices tend to jump from supply and demand pressures.
Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. Prescriptive analytics “describes a set of analytical capabilities that finds a course of action to meet a predefined objective, such as maximizing revenue or minimizing costs.” Firefighting is the norm. Prescriptive Analytics.
They are now out of their chairs and onto the green, where they will spend 90% of the course time. They were supportive, so on the second day, I was full of confidence and completed the obstacle course by myself,” she says. Adam Marlatt surveys the ‘mouth of the poisonous caterpillar’ before the exercise begins.
So to meet capacity, airlines started to convert passenger planes into cargo planes at scale. Ships that WERE sailing were stuck in backlogs before unloading due to COVID outbreaks at the ports and not enough capacity to handle record container volumes at the ports. A third of all cargo is carried in passenger planes.
UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. cities over the course of the year, bringing the total number to 110. billion worth, the survey found. Retailers estimate 13.7 percent, or $24.5
According to the National Retail Federation’s (NRF) annual back-to-school shopping survey, consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall. billion last year and an all-time high in the survey’s history. billion, up from $33.9
Failure to plan for volume increases, react to unforeseen circumstances, or predict future capacity needs and your company may begin to resemble the delay-ridden airport terminals plaguing air travel recently. Assess Your Current Radar: Knowing if it’s time to upgrade starts by surveying your airspace.
truck drivers still use paper logs to track hours of service, despite the federal mandate, says a new survey with 2,400 respondents from software-as-a-service (SaaS) company Teletrac Navman that provides GPS fleet tracking. . What Does the ELD Mandate Mean: Transit times, Capacity, and Rates . Even still, one-third of U.S.
In fact, a staggering 88% of consumers who participated in the 2018 Global Consumer Insights Survey , confirmed they would pay more for ‘same-day or faster delivery’. Over the course of the past several months, Morai Logistics has highlighted a significant rise in e-commerce shopping. Delivering to E-commerce Markets. Trillion by 2021.
Extending visibility of available capacities in the market enables a more effective result, often delivering win-wins for collaborative trading partners. Historically, companies needing greater warehouse capacity would have invested in new construction ? How great can the impact be? Consider warehousing space.
Manufacturers of these weight loss drugs face a multi-headed hydra of the three c’s: coverage, competition and capacity. But I’ll focus on capacity, since that is the supply chain lever. With this insight they targeted their limited manufacturing capacity exactly where it was needed. Has that changed?
The company announced that it is expanding its associate-to-driver program so that any Walmart worker at 439 store locations nationwide can become a truck driver after completing a 12-week course.
In a recent global survey conducted by our team, shippers reported congestion and capacity as their main pain points in today’s ocean environment. Of course, this would depend on the origin and destination of those goods. Expedited LCL options.
The survey reflected a market in rapid transition from a two-year downturn to more dynamic growth and tightening capacity,” The JOC said. Tightening the Belt on Capacity. Capacity is one of the many differences in opinion that the JOC highlighted. Of course, more available capacity means better rates for shippers.
Cost is, of course, another important aspect of running a successful business. There is an interesting correlation between the success of the survey and the data technologies that are utilized as more companies start relying on digitized services. The Impact of Technology. Improving Data Shows the Real Strength of Trucking.
Including, of course by leveraging global freight tech for BCOs. After an off-the-charts 2021, our research lead is joined by Accenture’s North American supply chain principal to explore 2022’s freight rates and capacity, and peak season preparation by BCOs, forwarders, and carriers. The Elusive 2022 Peak Season. Signup Now.
A Freightos survey of 300+ companies sheds light on how importers have been navigating supply chain disruptions. Since then, we’ve sent out two similar surveys – one in June and one at the end of November – to track the effect of increased supply chain disruptions on companies ranging from small businesses to enterprise importers.
Supply Chain 2014 Infographic: The State of the Supply Chain: I recently came across an interesting infographic from SAPinsider and insiderPROFILES that showcased a survey around the State of Supply Chain 2014. The survey, conducted in late 2013, asked supply chain management (SCM) professionals about their priorities for the coming year.
This means capacity is still thin… and van prices will remain high. Industrial volume jumps will add to capacity crunch. But that’s expected to change mid-year… and it will only add to the capacity crunch. This means increased freight volumes and of course, price. The Top 7 Stories in Freight. Get the details here.
Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Planners are buried in tedious tasks using legacy, fragmented technology, which 48% say doesn’t help them do their job effectively, according to a survey by the boom! Global Network.
Source: Council of Supply Chain Management Professionals 2017 Survey. Of course the same is true in many professions, but is particularly so in the arena of supply chain and logistics. “60% of young supply chain professionals surveyed described their work as exciting, and 56% said their work is fascinating.
Of course, toilet paper and paper towels were in short supply as well. Transforming your supply chain for greater resilience requires a 3PL partner with technology, expertise, access to multimodal capacity, communication, partnerships, and more. Manufacturing and supply chains couldn’t ramp up fast enough.
51% of the respondents in a global Reuters survey felt that the most perplexing challenge is the unpredictable nature of consumer demand. Customer expectations and the buying capacity of the purchaser coupled with the cost of substitutes or complementary goods also play an important role. Demand forecasting is hard.
Of course, manual systems allow small business owners to manage inventory with limited investment in systems. Snapping up future air transportation capacity. A survey by Bain and Company found that savings from cross-functional supply chain management initiatives could be in the order of 10 to 20 percent.
Drewry maintains that subtle changes to the new vessel orderbook, mainly in the form of delivery deferrals, have softened this year’s new capacity burden and had a positive effect on Drewry’s supply-demand equations for 2019. So-called “mega-vessels” comprise 82% of those on order with a capacity of 11,000 TEU or more.
The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Factors contributing to shrinkage include employee theft, shoplifting, administrative errors, vendor fraud, product damage, and more. Retailers face security-related challenges on many fronts.
This effectively reduces active capacity in the network. Key driver demographics are in a divergent course with a rise in retirement through 2025 and decline in 21-year-olds through 2023. We have also confirmed this through voice of carrier surveys and business review conversations. As of February 2021, the U.S.
Amazon, of course, has been leading the way in e-commerce sales for the better part of the year as quarantine and lock down restrictions forced many shoppers to go online, rather than in-store. Capacity rates are going to be at a premium and even then, might not be available. percent increase in consumer spending to a 3.5
As importers scramble to get their backlogged orders out of China, and as ocean and air carriers have slashed capacity during the shutdown, rates will likely jump dramatically until that backlog is cleared. . But this spike put capacity on container ships at a premium, pushing freight rates way up as well. The Trade War Impact.
Of course, keeping up with those order volumes on the manufacturing side isn’t easy. Neither is dealing with transportation challenges like the driver shortage and capacity crunches. As the truck market continues to tighten in terms of capacity and equipment availability, those issues won’t go away anytime soon.”.
Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains.
in real terms since this time last year, but owing to a continuation of excess capacity issues and lower average oil prices, rates continue to fall in both air and sea freight. The Ti report mirrors much of what’s contained in a recent survey conducted by the consultancy Logistics Trends & Insights. Digitize or die.
According to the 2023 Super Bowl survey , 192.9 Super Bowl Venue Preparation Everything necessary to put the Super Bowl together needs to be transported to the selected stadium including grass, sports gear, halftime show equipment, and, of course, food and beverage. million U.S. adults plan to tune in to the big game, with 103.5
Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. Prescriptive analytics “describes a set of analytical capabilities that finds a course of action to meet a predefined objective, such as maximizing revenue or minimizing costs.” Firefighting is the norm. Prescriptive Analytics.
In a 2014 survey of supply chain professionals, 9% of respondents saved more than 12% on freight costs through managed transportation services. Working with a 3PL for its basic premise of securing more capacity and lower rates is great. That number rose to 32% by 2016, and preliminary reports indicate the continued growth of savings.
This can turn into an even bigger problem for the driver who has been behind the wheel all day and is now coming up on the maximum 14 hours he can work in the course of a day (truckers can only drive 11 total hours a day). Not Pocket Change. Digital Yard Management System To The Rescue.
That is not to say that it has been a perfectly smooth road as both continue to face challenges in transportation capacity and facility-based resources. The take away from the survey is that shippers and third party providers are growing and prospering together.
Supply Chain Cost Management Results: By the time Starbucks had completed its transformation program, it had saved more than $500 million over the course of 2009 and 2010, of which a large proportion came out of the supply chain, according to Peter Gibbons, then Executive Vice President of Global Supply Chain Operations. Procurement analysis.
These are primarily non-essential products, for which there is little demand as retail outlets are closed or supplies for production lines that are either static or at reduced capacity. A recent survey by the International Association of Ports & Harbors (IAPH) shows a mixed picture at ports around the world. “35%
Today’s diverse difficulties have demonstrated the need for applying certain tactics in order to change course. Globalization and offshoring In the next five years, 46% of supply chain leaders expect a fall in globalization, and 61% expect a decline in manufacturing outsourcing, according to the recent Gartner survey.
With 22,000 TEU mega ships exacerbating surplus capacity, the situation is unlikely to improve any time soon. Traditional forwarding leaders are experimenting with this too, in the form of Damco’s Twill Logistics (with Damco itself, of course, owned by Maersk). These startup digital forwarders still have significant hurdles ahead.
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