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McKinsey, the global consulting firm, has done research and writing on supply chain collaboration. In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers.
For example, flexible systems allow warehouses to shift resources seamlessly between e-commerce and business-to-business (B2B) operations, enabling smooth transitions between high-demand cycles for different clients. Flexibility enables these warehouses to customize workflows and systems to accommodate their clients diverse needs.
In a survey of retailers and wholesalers conducted from mid-March to mid-April, 81% said sales in the perimeter had increased over the previous 12 months. Work with partners collaboratively. This is another example of the ongoing digitization of supply chains. The State of Fresh Grocery & Supermarket Supply Chai n.
Additionally, customer demand for green solutions is surging, with a McKinsey survey indicating that 60% of consumers are willing to pay a premium for sustainable delivery services. For example, the global logistics automation market is expected to grow from $50 billion in 2023 to $120 billion by 2030, according to Allied Market Research.
New SYSPRO research reveals 47% of survey respondents invested in sensors, IoT or IIoT to collect data and respond to supply chain disruption, however only 20% of businesses invested in data analytics tools to process and analyze the data and only 5% of businesses investigated AI and ML to draw any long-term benefit from the data collection.
Successful procurement leaders are operating smarter by leveraging analytics and technology such as integrated suites to generate clean data (at least if they have a unified data mode) and master data management solutions for addressing issues in back end systems, cleaning and normalizing suppliers’ records, for example.
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.
Take Germany, for example: the “Trends in Logistics & SCM” study conducted by the German Logistics Association BVL in 2023 shows that cost pressure was the most important topic for decision-makers in 2016, but in 2023 it only ranks fourth. Things were different a few years ago. Sometimes very successfully.
As part of the study, Oxfam surveyed workers and farmers in five countries that supplied major grocers to learn more about their standards of living and work conditions. For example, in South Africa, more than 90% of surveyed women working on on grape farms reported not having enough to eat in the previous month.
There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. The focus has been on internal efficiencies over external collaboration.
Before the pandemic, in a study of logistics providers conducted by Fraunhofer IML, among those embarking on digitalization initiatives, only 25% of logistics providers in the Fraunhofer IML survey are leveraging digital technologies to think outside the box and reinvent their foundational delivery model. It should also be shared downstream.
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. This example illustrates why supply chain visibility isn’t enough.
In September, for example, warehouse employment reached the highest level ever recorded, with 1.25 What may be a “hot item” online one week, for example, could be replaced by another option the following week. “As million workers in the warehouse and storage sector, according to Supply Chain Dive. What’s in Store for 2021?
To enable SEA manufacturers and distributors, governments are implementing policies, collaborating regionally, and leveraging the potential of Industry 4.0. Policies to promote regional collaboration. Governments across Southeast Asia have implemented several policies to encourage intra-ASEAN collaboration and improved production.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. For example, are you still a minority owned company?
According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. What Celanese has accomplished is the single best example ARC is aware of employing agentic AI and copilots at scale. Celanese is an exception. Agentic allows for much greater flexibility.
Several surveys have reported how SCM in recent years has moved from being a cost center to one responsible for offering superior customer experience and delivering competitive advantage. In a survey on the use of software in supply chain planning, most of the organizations were found to be using manual or outdated methods.
Plenty of examples of warehousing. Geological Survey. Perhaps the most prominent fulfillment center example is Amazon’s fulfillment centers. For example, take Co-op Partners Warehouse in St. For example, are your items: Relatively small and easy to handle, like novelty toys or clothing? Their pros and cons.
For example, if a pharmaceutical company analyzed social media content and determined that people in specific geographical areas were discussing cold and flu symptoms, that could give them a heads-up that demand for products to treat those conditions are on the rise. to anticipate conditions that signal an emerging demand spike.
A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. Here are examples of the tangible return-on-investment (ROI) ERP can bring to your business: Maintain competitive advantage with ERP. Use ERP to improve operations and efficiency.
survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally. The modern CFO. According to the 2021 SYSPRO CFO 4.0 Managing cashflow and maximizing profitability.
In MIT’s State of Supply Chain Sustainability 2021 , 80% of executives surveyed said the pandemic either had no impact on their commitment or increased it. For example, confectioner Mars is building deeper relationships with fewer palm oil suppliers to increase their ability to monitor and impact deforestation.
DIFFICULTY FINDING LABOR DIVERSIFYING WORKFORCE TECHNOLOGY IS TAKING OVER INCREASING CYBERSECURITY CARBON NEUTRALITY BUILDING RESILIENT SUPPLY CHAINS DIFFICULTY FINDING LABOR Manufacturers are still struggling to find labor, with a recent Deloitte survey estimating that the manufacturing sector will be short 2.1 Industry 4.0 Industry 4.0
About 11% of carriers have vehicles that use a fuel other than diesel or biodiesel blends, according to a 2016 survey by ATRI. For example, UPS is aiming to have 25% of its new vehicles run on alternative fuel or be an advanced technology vehicle, such as hybrid trucks that uses materials that improve fuel efficiency. In the U.S.,
The hyper-focus on meeting customer expectations is also creating pressures upstream in the supply chain, as manufacturers extend visibility and collaboration beyond their own walls to avoid any disruptions. Digital technologies will allow companies to increase their visibility, collaboration, speed, and responsiveness ?
A recent survey of global supply chain leaders suggests to me that the industry risks losing momentum. Interestingly, even while many of McKinsey’s survey respondents said they had “visibility in place”, nearly half also said they had zero visibility into their upstream supply chain and couldn’t see past first-tier suppliers.
And a FourKites survey of 350+ supply chain leaders tells us that the past few years of supply chain disruptions — including COVID-19, market volatility, global political conflict, material shortages and extreme weather events — drove 73% of respondents to begin investing in supply chain visibility, with 46% planning to invest more in 2023.
In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the Supply Chain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations. How great can the impact be?
Collaboration and visibility in a UI/UX that makes sense to the end-user. Turvo’s Collaboration Cloud and modern TMS applications help streamline people, processes, and data for global supply chains. Turvo is built with collaboration at its core, born in the cloud, and provides users with a modern TMS that connects all the dots.
Nearly 60 percent of those surveyed reported waiting for longer than two hours on each load. This is in line with data collected by a DAT solutions survey showing that 63 percent of drivers say they spend more than three hours waiting when loading and unloading. Freightwaves also collected data on driver wait times.
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! Consider a planner in Brazil working with the previous lead time prediction example, who has forgotten how to update the parameters. Global Network.
Companies knew this, which is why 93% of senior supply chain leaders surveyed in May 2020 by consulting firm McKinsey planned to increase inventories of key products and materials while also diversifying their supply base and localizing or regionalizing both supply and production.
This week, for example, CCJ reported that “60 percent of fleets running between 1 and 100 trucks have yet to adopt ELDs, according to a recent survey conducted by CarrierLists.” According to the survey results, only 33 percent of small carriers have fully integrated ELDs into their fleet. And with that, have a happy weekend!
FedEx, for example, has been on a multiyear digital transformation journey that included cloud computing and work-from-home capabilities but also widespread sensor technology buildouts, robotics forays and continued support of blockchain technologies. Data-Driven Strategies Become Core Value Proposition.
This estimate is according to responses provided by 83 percent of the manufacturing executives who participated in a survey conducted as part of an industry study by the Manufacturing Institute and Deloitte Consulting LLP. Skills Shortages. skilled production workers. researchers. machinists. scientists.
In a recent survey by Procurement Leaders , 54% of the CPOs reported that they have regular touchpoints with the CEO and are considered a key stakeholder. In leading and more mature organizations, we see CPO and CSCO to be very aligned and collaborate closely to support the overall objectives of the business.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. A skills assessment survey was done to measure potential gaps against a pre-determined skills matrix. What should supply chain leaders be looking for to close the talent gap?
A new survey analyses the maturity levels of large UK and German companies in their efforts to digitise their supply chain ecosystems – with a focus on sustainability and transparency drivers. The survey among 150 supply chain decision makers* reveals a major difference between Germany and the UK. Plans for supply chain investment. •
A survey by boom! Concurrent planning enables systems thinking – planners can see a holistic view across the chain, so they can learn together and collaborate for the best decision for the company, not just for their department. Climate change is biggest crisis of all, the ultimate example of interconnected systems.
According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Developed a process of excellence in supply chain collaboration.
For the Supply Chain , technology & operations posts were the most popular as well as a focus on collaboration with suppliers and a focus on customer service. Just as in the following five examples that reveal interesting data, best practices, and tips related to the supply chain. Read the Full Blog Post. Read the Full Blog Post.
Examples of third-party data would include weather forecasts, sustainability ratings, or D&Bs on a company’s financial viability. For example, a manufacturer might have a supplier in Hanoi they purchase key components from. One of the players in this market, Resilinc, is monitoring 105 million data sources.
The seven industry bodies dedicated to container safety, collaborating as the Cargo Integrity Group, highlight an independent study carried out by researchers at Italian University Politecnico di Torino into shipper and forwarder application of the CTU Code.
Blockchain is a hype and you probably have already heard about countless benefits and examples of how the technology will disrupt logistics. In our view, the benefits of being among the first to join these collaborative efforts far outweigh any advantages of a cautious approach.
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