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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.
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. Collaboration is Key. Supply chain collaboration is essential to mitigating the risks that come from exposure to disruption.
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.
It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Criticality of PO Collaboration for Direct Spend Management PO collaboration plays a pivotal role in managing direct spend efficiently.
This increase in spending is not due to candy prices rising, the results from the survey show an overall candy prices only increased 0.9% The investigation will assess whether Temu is meeting DSA requirements, particularly regarding providing access to public data for researchers.
needs 60,000 drivers this year to meet the growing demand for trucking services. As the largest global collaborative network connecting shippers and carriers, the Transporeon Group periodically surveys its base of more than 3,000 North American carriers to see how market forces are shaping trucking businesses today.
As the evolution of retail and the way consumers purchase goods continues to change, meeting the challenge to effectively serve both consumers and retailers is a strategic challenge for both shippers and carriers. Ninety-six percent of Americans have made at least one online purchase and 51% of those surveyed say they prefer to shop online.
Procurement helps companies adapt, meet new regulatory requirements and shift supply to optimize an evolving tariff landscape. This is a key reason why so many companies switch providers—they realize too late that the technology doesn’t meet their ongoing needs. Be proactive about your suppliers! Change can be a good thing.
Collaboration between different sector organisations is increasingly important to achieving shared targets for the timber industry, according to John Dye, President of the Timber Packaging & Pallet Confederation (TIMCON). The post Collaboration and Data Key to Timber Industry appeared first on Logistics Business® Magazine.
Making the situation worse, trucking companies haven’t been able to hire back enough drivers to meet demand. A recent SYSPRO survey shows that only 45% of businesses have looked at systems to address supply chain disruptions and just 44% have investigated technologies that enable collaboration with external suppliers and customers.
Meaning is behind the three C’s I argue that AI lacks: context, collaboration, and conscience. AI cannot derive meaning from context, collaborate to build relationships to get things done, or make an appeal to our conscience, as Lincoln’s speech did. But novel solutions emerge from collaboration along the paths less traveled.
The findings were derived from an online survey of 250 executives at leading U.S. Product quality was biggest concern for respondents to the survey, which had supply chain executives rank their most important consideration when choosing a sourcing location. Of the companies we surveyed, 55% have between 1 and 50 tier 1 suppliers.
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.
needs 60,000 drivers this year to meet the growing demand for trucking services. As the largest global collaborative network connecting shippers and carriers, the Transporeon Group periodically surveys its base of more than 3,000 North American carriers to see how market forces are shaping trucking businesses today.
needs 60,000 drivers this year to meet the growing demand for trucking services. As the largest global collaborative network connecting shippers and carriers, the Transporeon Group periodically surveys its base of more than 3,000 North American carriers to see how market forces are shaping trucking businesses today.
Stat: Only 6% of 623 supply chain professionals across 17 countries think they have achieved supply chain visibility, according to a survey by GEODIS. Reason #2: You Need to Collaborate Better with External Parties. Supply Chain Orchestration is only as good as the visibility, collaboration, and optimization that gets acted upon.
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.
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.
The LCI surveys a diverse portfolio of shippers across different verticals, including consumer packaged goods (CPG), industrial and manufacturing and direct-to-consumer business. Q3 reveals a positive trend in anticipated revenue, with only a 4% decrease reported across all shippers surveyed. Collaborative partnerships.
To find out more about the transformational journey of digitization in the chemical industry, Transporeon Group recently joined forces with Germany’s largest technical university, RWTH Aachen, to conduct a unique survey of the current status and future of digital logistics. “In A Quantum Leap in Digital Supply Chain.
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. To meet customers’ growing expectations for personalized offerings, the typical company’s product lines have grown exponentially.
I took the viewpoint that as the need for supply chain resiliency becomes front and center, CSCOs and CPOs will need to collaborate very closely; and shared the reasons why this is more important than ever. Accordingly Supply Chain and Procurement will need continuous collaboration.
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.
Unless manufacturers change, they will find that their ability to forecast demand, and determine what to do to meet it, will be challenging. 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.
Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. To combat the shortage, manufacturers are looking for ways to recruit and retain skilled talent, by raising wages and reskilling current talent to meet company needs.
It was done by Polycom, a maker of video collaboration solutions for enterprises. 5 Manufacturers know this: three out of four companies today say that improving cross-departmental systems, enabling process collaboration, and integrating processes are among their top strategic priorities. Embrace Digital Disruption.
A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. According to 2021 G2 ERP Statistics 95% of businesses achieve major improvements after using ERP through reducing process times, increasing collaboration, and centralizing enterprise data.
With peak shipping season approaching, companies continue to face supply chain risk as the pressure increases to meet customer and delivery expectations without adding cost. The survey also found that 9 in 10 supply chain leaders are seeking 3PLs with a consulting offering that provides guidance in setting up their company’s supply chain.
In a white paper on “ How reinventing the supply chain can transform the planner role ,” consulting firm EY cites their research that lack of the right supply chain talent is the second highest challenge to meeting supply chain goals. So as you prepare to onboard new supply chain talent, are you ready to answer the questions they will have?
The skills of the past are no longer sufficient to meet the demands of today’s complex, fast- moving digital environment , or prepare for the future. 30% of respondents in an APICS survey stated lack of knowledge transfer or training was a key challenge, among the top 5. There is also a talent shortage.
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. The survey, conducted in late 2013, asked supply chain management (SCM) professionals about their priorities for the coming year. Read the Full Blog Post.
According to data from a recent research survey, the following were on top of the supply chain headaches not addressed by their current systems: Supply shortages due to supplier’s inability to meet expected performance targets. Critical inventory disruptions/deficiency anywhere in the supply chain. Network bottleneck identification.
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). Considering the challenges confronting shippers in today's market, it's still back to basics.
Retailers such as Walmart have rigorous standards and will only purchase from suppliers who meet these standards. About 11% of carriers have vehicles that use a fuel other than diesel or biodiesel blends, according to a 2016 survey by ATRI. They have been both reducing their energy usage and investing in alternative fuels.
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?
Ltd to collaborate on the promotion and provision of 3rd Party Floor Flatness Surveying and Testing Services using the CoGri Group’s state-of-the-art digital floor testing equipment. CoGri Japan Co.,Ltd Ltd is pleased to announce the formation of a Strategic Alliance with JUST Co.,Ltd
And I have been willingly (and unwillingly) subjected to meetings with never-ending discussions about PLCs. 6 River Systems was founded in 2015 and developed an Autonomous Mobile Robot product called ‘Chuck’ that provides automated assistance to pickers in a warehouse, working collaboratively with human operators.
There is a negative connotation behind working with competitors in logistics, but past years have revealed collaboration, even working with competitors, can help to drive logistics costs down. The IT Gap Has Reached a Record-Low. For a better visual look at some of the additional insights found within the study, check out this infographic !
According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth greater than the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. The success of your business is inextricably linked to the performance of your supply chain.
To meet evolving customer demands, guard against market volatility, and navigate the impact of geopolitical events, digital investment is a necessity. Almost a third (32%) of those surveyed think innovation helps their organisation get a competitive advantage. However, just digitising what you have today is not enough.
As further reported by DC Velocity , “Pennsylvania-based omnichannel technology provider Radial surveyed 1,000 consumers across the United States about their 2020 holiday shopping plans and found that, despite the pandemic, most do not plan to change their spending significantly or shop earlier compared to 2019.
A recent survey, conducted by Handshake , found more than 79 percent of companies providing B2B sales already have customers clamoring for online ordering. Unfortunately, meeting this ever-changing demand means companies must have a way of generating and analyzing real-time data reflecting what customers want now. E-commerce grew 10.2
The risk management process as well as code of conduct surveys can be automated, while a supply chain information management system will allow suppliers to be screened for risk. However, if your company has dozens, or even hundreds, of first-tier suppliers, collecting information can prove to be a gigantic undertaking.
Polycrisis” was the talk of Davos at the recent meeting of the World Economic Forum, which defines it as “…a term used to describe the current global situation, where multiple complex, interconnected crises are occurring simultaneously.” A survey by boom! A snapshot may optimize one link but won’t optimize the chain.
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