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He is responsible for driving strategy, customer engagement, and industry analysis. Real-time Market Insights: DAT provides real-time data on spot market rates, capacity availability, and lane-specific trends, enabling informed decision-making. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. The world’s largest shippers and capacity providers use the Emerge Freight Procurement Platform daily, showing immediate ROI for procurement and saving valuable time in the process. About Brad Wheeler.
Curtis is hosting the industry’s first live LTL Mastermind Event, November 9 th and 10 th in High Point, North Carolina. Curtis’ career has taken him through LTL operations – both driver and dock, Weights and Research, pricing, yield management, strategy, sales, and technology.
Weather events might also be factors. Therefore, produce ready for shipping may be stalled due to a limited supply of equipment and trucks (hindering capacity procurement ), fewer drivers, and the pressure everywhere to move things faster, save money, and get it done without impacting the customer experience.
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
His primary goal has been leveraging Coyote’s proprietary technology, people, and capacity to solve pressing customer challenges. Data intelligence and market insights, reliable support and proprietary technology combine with these solutions to enable smarter supply chain decisions and strategies.
Global supply chains have been tested repeatedly by a series of disruptive events, including the COVID-19 pandemic, U.S.-China The prevailing strategy was to produce goods in low-cost countries and distribute them globally, optimizing for economies of scale. China trade disputes, and natural disasters.
It’s not a secret that capacity remains tight and freight rates stay high. Yet, produce shippers that take the time to think about the situation and what they can do to push through will have a better chance at finding capacity and keeping costs manageable. The challenges with finding capacity during produce season aren’t new.
Since 2011 carriers, 3PLs, shippers, and logistics technology vendors have looked to CarrierDirect to deliver the efficiency, strategy, go-to-market plans, and technology that will elevate their business above their competition. Socio-political events like trade wars and political upheavals around the world. Financial implications.
Diversified Port Strategies : DGL identifies and utilizes alternative port options to keep your cargo moving. By building flexibility into our logistics strategies, we can redirect shipments to less-affected ports, minimizing delays. This proactive approach helps you avoid costly delays and keep your operations running smoothly.
The world’s largest shippers and capacity providers use the Emerge Freight Procurement Platform daily, showing immediate ROI for procurement and saving valuable time in the process. Emerge is custom built for freight RFP events and as a result the process is streamlined, easy, and saves shippers time and money.
Consumer buying behavior has tightened capacity in all modes of transportation. In a 2021 study by Inbound Logistics, logistics technology providers said that 58% of their shippers were concerned with capacity constraints, triggering 68% of shippers worried about how they were currently optimizing their transportation resources.
Flexible warehouse systems support modular scaling, allowing warehouse operators to add capacity incrementally without significant downtime. Handle Peak Demand Demand spikes, such as those during holidays or major promotional events, can overwhelm unprepared warehouses.
Unfortunately, warehouse capacity around the country is tight, but available capacity is only being used at rates shy of 70 percent. How can warehouse capacity be both tight and utilized less than 100 percent? Warehouse Capacity Is Tight Warehouse managers have made great strides in implementing systems that utilize automation.
Anticipated shifts in trade policies, regulatory frameworks, and economic strategies will directly affect 3PL operations. For instance, proposed tariff hikes on imports could lead to increased shipping costs and necessitate adjustments in inventory management strategies. The 2024 U.S. Recent labor strikes at U.S.
Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact. Capacity constraints and transportation delays.
Reports from Climate.gov show that escalating temperatures have increased the frequency and severity of extreme weather-related events. Shippers and carriers alike should establish a weather-related plan of action that can offset unexpected delays and help keep parties informed quickly in preparation for a catastrophic event.
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.
The retail holiday season is when time sensitivity tends to ramp up, demand is at or near the highest level of the year, and capacity comes off the road for the holidays. For shippers and carriers alike, this translates into tighter capacity, higher rates and an urgent need for precision in delivery timing.
Situation Companies are increasingly confronted with complex planning scenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.
Throughout the past six months, rates and capacity have been highly volatile as the industry deals with other ongoing challenges. This strategy begins much earlier in the supply chain process for optimal results. A vast majority of shippers still use spreadsheets and emails to conduct Request for Proposal (RFP) or bid events.
These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. Given all of these possibilities, preparing proactively might be the best strategy for minimizing risks. million, could have cost GM “tens of millions of dollars” in losses. .
While this creates tremendous value , it also br ings the inevitable risk that certain event s can have far-reaching consequences that influence supply chain s more than ever before. Most often , these events force demand and resource usage to fluctuate. Ready to equip your team for resilience? .
COVID-19 and Hanjin’s bankruptcy both have had significant impacts on the global supply chain and share commonalities in the following ways: Disruptions to global trade: both events led to delays and increased costs for shippers and manufacturers who had to find alternative ways to transport their goods.
Capacity crunches have different causes. What’s in this article: What is a capacity crunch? What causes a capacity crunch? What can shippers do to prepare for tight capacity? How can a 3PL provider help with capacity crunches? What causes a capacity crunch, and how does it impact your business?
service, profit, capacity) of a small number of demand scenarios (e.g. Companies can also test-drive their supply chains by introducing the uncertainty of events that are difficult, if not impossible, to predict with accuracy. These events can range from minor supply disruption or canceled shipments to significant black swan events.
Disruptions were caused by a wide range of issues, including shutdowns driven by country/state/regional requirements or shutdowns due to health events at the supplier’s site. Market volatility describes a stage at which volume and capacity availability are misaligned. Traditional Inventory Replenishment Strategies No Longer Work.
Deploying Modern E-Commerce Strategies Leveraging modern e-commerce strategies like pre-orders, influencer marketing, order consolidation (combining multiple orders into a single shipment), bundles, and upsells is currently a major operational and technical challenge for most DTC brands.
Rev Up Your Engines: Preparing for DOT Blitz Week 2024 Search Search BlueGrace Logistics - May 2, 2024 DOT Blitz Week 2024, also known as the DOT Week, is an annual event organized by the Commercial Vehicle Safety Alliance (CVSA) that aims at promoting commercial vehicle safety through comprehensive roadside inspections.
Whether it’s a pandemic, severe weather events, trade disputes and tariffs, economic upheaval, or even unexpected surges in customer demands, you can’t prepare for every eventuality. Large companies with a supply chain risk strategy already in place couldn’t fully cope with the impact of the pandemic.
There are many unforeseen events that can derail the supply chain. Extreme weather conditions and shifts in carrier capacity are two of the usual culprits. The industry typically has little time to implement contingency plans to keep shipments moving during sudden events. We all learned this lesson during the global pandemic.
While this annual event is designed to make our roadways safer, it’s also a crucial week for those in logistics. This initiative includes an annual event, Operation Safe Driver Week. During last year’s event, law enforcement interacted with 66,421 drivers! Shippers and carriers, mark your calendars! Canada, and Mexico.
There are many unforeseen events that can derail the supply chain. Extreme weather conditions and shifts in carrier capacity are two of the usual culprits. The industry typically has little time to implement contingency plans to keep shipments moving during sudden events. We all learned this lesson during the global pandemic.
But by implementing data driven maintenance strategies these cost, performance, and environmental impacts can be greatly reduced. This may appear to reduce unnecessary downtime and cost, but is a high-risk strategy.
Optimism is in the air and 2021 trucking events are on the calendar Drivers look back at the top challenges in a tumultuous year The 7 things shippers need to know about the Q1 freight market 2021 outlook is positive, but there’s a big black capacity cloud looming Driver shortage is leading industry concern going into the new year.
Only award up to a maximum of 80% of a supplier’s capacity so that they aren’t struggling to reach 100% throughput to meet the demand. Leading organizations are deploying cloud based technologies to launch sourcing events, invite bids, and employ sophisticated combinatorial optimization techniques to evaluate bids, and down select suppliers.
Some carriers have announced blanked sailings in response to the congestion, but may also be adjusting capacity to the lower, post-peak season volumes. As long as Red Sea diversions continue to absorb capacity on an industry level, prices may not fall much further than seen back in April.
Shortages for in-demand products abound, while shipment delays are common and production lines run at a fraction of capacity. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. But with a black-swan event, it just magnifies the risk.”.
Ty Findley, managing partner of Ironspring Ventures, conducted a roundtable discussion titled The Next Chapter on Last Mile, with Penny Register-Shaw, chief strategy officer of The FRONTDoor Collective, and Bill Catania, founder and CEO of OneRail, on Tuesday during day two of FreightWaves’ Future of Supply Chain event in Rogers, Arkansas.
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.
event of 2022, my colleagues, Christina Carroll, vice president of LTL, Alan Rowlett, director of global operations and strategy, and I set out to offer exactly that. There were several popular questions that we didn’t have time to address during the live event. Is the Drug and Alcohol Clearinghouse still impacting capacity?
Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Preparing your supply chain for resiliency begins with risk management and a proactive strategy. Capacity constraints and transportation delays. It’s not enough to have a Plan B, just in case.
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.
Challenge 4: Insurance Challenges The rise of extreme weather events creates dilemmas for the insurance industry. Increased risks from events linked to global warming could result in higher premiums for ships and cargo. The post The Effects of Global Warming on Ocean Shipping appeared first on More Than Shipping.
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