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Logistics providers face escalating pressures to meet high-speed delivery expectations and manage unpredictable market dynamics. Logistics warehouses that prioritize flexibility, operational efficiency, and throughput will be able to secure long-term growth, meet client demands, and stay ahead of evolving industry trends.
Are they meeting consumers’ home delivery expectations, whether that’s affordable delivery, specific time windows, or sustainable options? Of serious concern for retailers, many consumers cited delivery issues as a potential barrier to future online buying.
Shippers and carriers alike are currently being challenged by driver shortages and tight capacity. needs 60,000 drivers this year to meet the growing demand for trucking services. Regarding the current capacity outlook, one carrier states that, “the market demands are extraordinarily high.
Shippers are feeling the effects of scarce carrier capacity. The driver shortage is affecting available trucking capacity. With luck, the shipper may find and contract with another carrier that has available space despite the driver shortage and scarce capacity. Scarce available trucking capacity leads to higher shipping costs.
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. Freight Capacity Crisis: How Did We Get Here So Quickly? The seeds for this current market were sown in the aftermath of the Great Recession.
Data for the BlueGrace Logistics Confidence Index is aggregated through a survey of shippers and reflects all freight transportation modes, while correlating growth or shrinkage to the overall industry volume of shipments and the price of products, according to BlueGrace. BlueGrace SVP of Managed Services Jason Lockard said that the 5.9%
Shippers and carriers alike are currently being challenged by driver shortages and tight capacity. needs 60,000 drivers this year to meet the growing demand for trucking services. Regarding the current capacity outlook, one carrier states that, “the market demands are extraordinarily high.
When sales forecasts are accurate, companies know they’ll have enough product supply to meet customer demand for those goods. 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.
With the current warehousing capacity crunch, technology-driven strategies along with flexibility and end-to-end visibility are the preferred solutions for transporters and warehouse operators. What’s covered in this article: Capacity and labor shortages. Tips to overcome warehousing capacity shortages. Download Our Whitepaper.
Shippers and carriers alike are currently being challenged by driver shortages and tight capacity. needs 60,000 drivers this year to meet the growing demand for trucking services. Regarding the current capacity outlook, one carrier states that, “the market demands are extraordinarily high.
The National Private Truck Council 2021 Benchmarking Survey Report provides fleets with new industry standards to evaluate performance and identify opportunities for improvement. The 2021 NPTC Benchmarking Survey Report, which is sponsored by Penske, captures critical metrics from the 2020 calendar year, which was a time like no other.
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.
It is getting harder and harder for both shippers and carriers to survive and thrive with the current capacity crunch. Higher-than-average economic growth means that manufacturers and suppliers are doing more business than before, but it’s getting much more difficult to secure carrier capacity. billion tons of freight.
Nearly two-thirds of businesses responding to the 2020 Gartner Sustainability Survey said they were pressured by customers to invest in sustainability initiatives while 48% said pressure was coming from investors and 48% cited regulators. Here’s how many companies are turning to their supply chains to meet their ESG goals.
Not surprisingly, to meet demand warehouse and storage payrolls added 2,500 hires in early 2018. The Wall Street Journal reports that trucking companies are ordering vehicles in record numbers and yet are still not meeting demand. Orders for new rigs come at a time when shipping capacity and freight demand appear to be widening.
In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future Strategies Survey Report, this goal was the top-ranked planned tool investment. Agility to act on transparency.
Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.
More than two-thirds of companies that experience supply chain disruptions say it takes more than one week to recover from the disruption, finds a new Accenture study that surveyed 151 logistics executives in U.S. Seventy-three percent of the executives surveyed report experiencing supply chain disruptions in the past five years.
Shippers had to keep products moving when full container load (FCL) capacity and equipment became scarce. Recent market insights found the following: “According to a latest global shipper survey, 75% of shippers who use LCL plan to continue or increase it in 2023. Diversify the shipping portfolio.
So to meetcapacity, 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.
BlueGrace Logistics sought to learn more about this dynamic and teamed up with FreightWaves to survey shippers about the state of the LTL market and their approach to LTL shipping in today’s environment. Shippers shared their thoughts about shipping and consumer demand in our survey. Capacity issues.
Increasingly it is recognized that the executive planning meetings, that typically take place once a month, should be chaired by a top floor executive – a chief financial officer, chief operations officer, or even chief executive officer. They haven’t done roughcut capacity planning.”
The driver shortage is affecting available trucking capacity. With luck, the shipper may find and contract with another carrier that has available space despite the driver shortage and scarce capacity. What can be done to deliver on time to customers despite the driver shortage and bottlenecks in trucking capacity?
Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.
Drivers are in short supply already, so finding a backup for sick drivers or losing drivers puts private fleets at the risk of losing capacity. Many companies want a private fleet to have easy access to the capacity to haul their freight. You’ll know that you always have capacity available, even when the market is challenging.
Our latest research survey shows that 70% of manufacturing and distribution businesses experienced supply chain disruptions and 60% of businesses were unable to engage and collaborate with customers and suppliers in real-time. Securing a digital future with Cloud ERP.
Preliminary results from a Lucas-commissioned survey of 350 companies in the US and UK found that the majority of the companies are already employing AI in one way or another within their warehouses and distribution/fulfillment centers. Walmart is also investing pickup and delivery capacity.
Transportation rates have been rising over the last couple of years due to factors like the driver shortage, lack of equipment, a capacity crunch, and rising fuel costs. With eCommerce order volumes and consumer demands high and continuing to rise, shippers have turned to LTL in lieu of truckload freight to meet these needs.
A recent online survey conducted b y MIT’s Center for Transportation & Logistics aimed to understand how companies are reacting to the Coronavirus outbreak. By dynamically adjusting capacities and utilizations within the app, they were able to optimally reallocate volumes and develop a new production and distribution plan.
Shippers are feeling the effects of scarce transport capacities in the market. The driver shortage is affecting available transport capacities. If they are in luck, they may find and contract with another carrier that has free freight space despite the driver shortage and scarce transport capacities.
In this dynamic environment of frequent disruptions, spikes in demand, and tight capacity, the ability to quickly scale your talent and technology is a significant competitive advantage. Gartner, 2019 Digital Talent Gap Survey. This is why a managed services model is so effective when it comes to a TMS.
The Task Force will meet regularly to fulfill its mission and goals and will continue working closely with the FMCSA to tackle these concerns. Survey Shows Promise of Cutting Emissions in The Transport Sector The 2023 State of Transportation study revealed compelling insights from 500 transportation executives in the United States.
As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.” At this time, the benchmarking space gets often relegated to the area of safety improvements.
AI can analyze so much data so quickly that it can recognize patterns beyond the scope of our cognitive capacity, like part combinations that are regularly late from suppliers. Yet a recent YouGov survey on AI reveals the top feeling most cited by the American public is “cautious” (54%), with “excited” only ranking 6 th (19%).
A recent survey of global supply chain leaders suggests to me that the industry risks losing momentum. If you’re a typical shipper, 30-50% of your lanes change every year, and your demand goes up and down which impacts capacity, so it’s a constant battle. You need visibility because you live within such a variable network.”
Number one among them has been a lack of freight shipping capacity caused by a lack of vehicles, a shortage of drivers and the use of Electronic Logging Devices that restrict how many hours and miles a driver can work each week. The driver shortage has been one of the primary reasons blamed for the lack of freight shipping capacity.
While the supply chain pressures that have built up over the last two years continue to abate as transportation capacity problems ease and consumption shifts from goods to services, newer challenges and opportunities lie ahead. This survey-based research gathers quantitative data as well as information on practices or performance drivers.
Meeting volume with capacity alone does not necessarily address customer experience and operational efficiency. A recent survey by Oracle cites that 66% of respondents will prefer home delivery over other fulfillment methods. In fact, sometimes it may complicate it. You can have tons of drivers.
Driver shortage is a major concern for companies striving to improve the performance of their fleet, according to a 2018 global benchmark study , conducted by Descartes, that surveys fleet managers from a wide array of industries and logistics providers. Technology Boost.
Sixty-five percent of surveyed 3PL Logistics Companies identify capacity as their customers' biggest concern (see Figure 1), followed by technology investment (58 percent), recruiting and retaining labor (57 percent), and regulations (47 percent).
SYSPRO ’s 2020 survey, The Inflection Point for the Factory of the Future , showed that only about one-third (38%) of manufacturers’ business systems had enabled them to meet the challenges posed by the COVID-19 pandemic. Management has to make sure that machines are always available to maximize capacity.
Custom fabricators have to cope with highly varying demand cycles from many different steel sales customers, and to do that effectively they need capacity. They’re building that capacity with more equipment. Look for the steel fabrication industry to want to add capacity to gear up for the unexpected.
In a Logistics Viewpoint survey , 50 percent of businesses reported sharing inventory across all channels or engaging in omni-channel practices. Let’s take a look at what is driving the role of ever-increasing technology in supply chain functions and how the supply chain is adapting to meet these demands.
The bank said Friday that it is launching new “Supply Availability Indexes” via a blog posting on Monday that going forward will feature as part of its regular monthly surveys of regional business activity. The indexes will feature in future Empire State Manufacturing and Business Leaders surveys, the bank said.
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