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Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. This has created opportunities for new entrants offering supply chain collaborative network applications to address these issues.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. The US is a top destination for foreign direct investment, and ITR Economics analysis suggests this re-onshoring trend is not likely to end in the near term.
Having studied engineering at USC and Stanford, Matt is no stranger to complex data problems. Loop’s mission is to transform supply chains by providing an audit and payment platform that promotes transparency, efficiency, and collaboration.
The solution is to back up, figuratively speaking, to the general definition of the need and see how overall trends and developments in the world could make this need map onto other, different solutions. This trend represents a fundamental shift from traditional asset-heavy models to more flexible, collaborative approaches.
Optimize Your Cross-Border Operations: Optimize your cross-border operations by improving efficiency, streamlining processes, and addressing the unique challenges of international trade. Do you have more questions about this topic? We can help.
Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. Let’s dive into the latest manufacturing trends. WHAT ARE THE LATEST TRENDS IN MANUFACTURING? Now, increasing output isn’t a new trend in manufacturing. DIVERSIFYING WORKFORCE.
Global Logistics Trends 2025 Navigating Key Logistics Trends for High-Value Importers Sourcing from China and Beyond Listen to Our Analysis Your browser does not support the audio element. Let's dive into the trends shaping your import strategy in 2025. Don't let 2025 catch you off guard.
Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. Let’s dive into the latest manufacturing trends. WHAT ARE THE LATEST TRENDS IN MANUFACTURING? Diversifying the workforce is a trend that goes in hand with employee recruiting.
Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supply chain and logistics professionals today. The post Research in Focus: Sourcing Trends and Concerns appeared first on Talking Logistics with Adrian Gonzalez.
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.
Tom grew up in Long Island and studied finance at Gettysburg College. Finding himself unfulfilled by the world of finance, Tom went on to study American English Language at Harvard before entering the PR industry. The landscape of traditional marketing has evolved to trend more towards digital. About Tom Augenthaler. Learn More.
They can ingest large volumes of functional data and leverage advanced intelligence to recognize broad trends and specific disruptive events. In a recent study, almost three-quarters (74%) of shippers reported they would switch to 3PL providers based on their AI capabilities. That is the beauty of a platform enabled by AI.
Advanced Analytics provides the Unilever team with automatic insights, enabling Unilever to gaze into the future with clarity, foreseeing market trends, and preparing for every twist and turn in the market landscape. It’s a testament to the power of collaboration, innovation, and unwavering dedication to efficiency.
Hosted by BlueGrace’s own Brian Blalock , along with Carly Bly , Vice President of LTL and Carrier Relations, and Jason Lockard , Vice President of Managed Logistics, this discussion offers a deep dive into current trends, market dynamics, and strategies for enhancing your LTL experience. Do you have more questions about this topic?
Predictions in the logistics industry Retailers wishing to maintain a leading position within the industry must understand and leverage their supply chain trends. This article examines some of the key trends that businesses should be aware of for this year. There will be more acceptance of managing complex operations.
Collaboration should improve business performance by allowing supply chain partners to define mutually beneficial goals, and share processes and information. What is Supply Chain Collaboration? In this case, a lack of collaboration can have a real negative effect on business. Where are the Opportunities for Collaboration?
The forward-looking 2025 Third-Party Logistics Study survey is now live, and we are seeking input from supply chain professionals. The study will also provide continuing the conversation updates and allow for further context on current industry trends. The study is a collaboration between Penske, NTT Data and Dr. Langley.
Three Key Trends in IoT, Robotics, and Wearables. In 2021, a recent study predicts market revenue for the global sector to reach $22.4 From IoT to robotics to wearables, the solutions that are being produced right now are all being developed with an eye on flexibility, agility, and collaboration,” Stikes concludes.
At the close of 2016, the 21 st Annual Third-Party Logistics Study found the overall use of third-party logistics providers ( 3PLs ) is increasing, but the types of logistics services utilized indicate the industry is entering a shift in how it operates. 3PLs and Shippers Report Positive Partnership Outcomes. 3PLs are changing globally.
As a seasoned professional with 30+ years of experience in this ever-evolving sector, I am excited to share my industry insights and provide commentary on the latest news and trends shaping the landscape. Collaborative efforts hold immense potential to drive meaningful change. Let’s hope their efforts make a real difference!
As early as 2018, a Neilsen study found that fresh foods were “the primary driver of growth in retail stores, accounting for 49% of all dollar sales growth in the fast-moving consumer goods industry. As one respondent said, “COVID just woke us up to a trend that had already been occurring. Work with partners collaboratively.
Bucking this trend is a daunting proposition and even those large volume shippers that are already embracing powerful logistics IT solutions to more efficiently manage spend, like transportation management systems (TMS), fleet tools, optimizers and others, are still frequently overpaying greatly for spot moves.
Relationships and collaboration are essential to the success of end-to-end supply chains and remain at the center of today’s supply chains. The 2024 Third-Party Logistics Study found that 95% of shipper respondents agreed that their relationships are successful and 99% of 3PL respondents agreed that their relationships are successful.
Becoming a Shipper of Choice Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - August 15, 2023 In logistics , being recognized as a shipper of choice is a prestigious accolade that signifies operational excellence and strong industry relationships.
Collaboration has always been seen as the stepchild at the logistics dinner table. It's nice to have around, but no one really wants to think about what collaboration means for the company. After all, how can two competitors collaborate without compromising the information and structure of each company?
Ralf Duester, board member of the Bochum-based SCM software specialist Setlog, shows which trends will be important in 2024. At a glance: The top ten SCM trends in 2024 1. Open-source software is increasingly convincing In detail: The ten most important SCM trends in 2024 1. Skilled labour shortage forces action 2.
How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 Market conditions play a crucial role in shaping challenges professionals face when managing their organization’s supply chains.
It’s not news to anyone that digitization is a roaring trend and I’m here to say: embrace it. In a recent Forrester study, they found the problem to be poor quality data. Change can be a good thing, particularly when it comes to getting a better handle on your supply chain spend. Digitization is Your Friend.
In the rapidly changing and developing business world, catching up with trends, keeping up with the times and following innovations are essential for a company. A new study shows they also make better investments “, according to an article in the Harvard Business Review (HBR) by Paul Gompers and Silpa Kovvali.
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.
Further to that, only 18% of businesses invested in technologies to improve external collaboration with suppliers. Organizations should increase visibility and information sharing through collaborative technologies like ERP to optimize procurement within the supply chain for improved business processes and decision-making.
Image source: Pixabay | Maximize Your Efficiency: Top 5 Supply Chain Trends to Adopt in 2023 We can all agree that the supply chain is critical to a business’s operational success, right? Aside from having software and technology that will collaborate with safety and security.
Here’s some key highlights from the Q3 2023 LCI: Anticipated revenue maintains a positive trend. Q3 reveals a positive trend in anticipated revenue, with only a 4% decrease reported across all shippers surveyed. Stay nimble and adaptable by constantly monitoring the trends and sentiments revealed by the index.
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 ?
Five of the six major automakers manufacturing and selling vehicles in North America fell in their annual supplier relations rankings, according to the results of the 18th annual North American Automotive OEM - Supplier Working Relations Index Study conducted by Planning Perspectives, Inc. Ford is fourth (363).
In this article, we show you the biggest warehouse automation trends in 2021 that could change your warehouse operations. For each of the trends, you’ll learn: What it is and how it works. 11 Warehouse Automation Technology Trends. Collaborative Robots. 11 Warehouse Automation Technology Trends. Let’s get started!
In a study conducted by Accenture in 2015 of chemical companies, results showed that 94 percent expect to boost their investment in digital capabilities in the next three years to embrace a competitive advantage. The network fosters better collaboration and communication through the exchange of meaningful data.
It is a rigorous compilation of leading logistics intelligence around the world, shines a spotlight on industry trends, and offers key insights on the ever-dynamic supply chain sector. 2021 Third-Party Logistics Study, September 23: The tradition continues with the 25 th annual 3PL Study making its debut at CSCMP EDGE.
Further to that, only 18% of businesses invested in technologies to improve external collaboration with suppliers. Organizations should increase visibility and information sharing through collaborative technologies like ERP to optimize procurement within the supply chain for improved business processes and decision-making.
By learning from past trends, businesses can minimize stockouts and overstocking, ensuring a more agile and responsive supply chain. By analyzing past data, matrix-driven models detect trends that help supply chain managers make proactive adjustments. In case you missed it!
Operations Research began when scientists demonstrated the value of analytics in the study of military logistics problems in the 1940s as a result of the complex requirements of World War II. By the 1960s, a clear trend had developed in shifting more time-dependent freight transportation to truck rather than rail.
Businesses were unable to operate at the same level of efficiency as they were facing operational inefficiencies and the increased need for remote collaboration. In a SYSPRO-led research study 37% of businesses agreed that their business systems lacked those basic planning tools that could adjust to day-to-day changes in the environment.
After many pilots and proofs of concept, more AR initiatives could move into production, according to a Boston Consulting Group and PTC study. . That 2019 study on the state of industrial AR trends estimated that 68% of enterprise AR initiatives could go into production within 12 months.
Global Logistics Trends 2025 Navigating Key Logistics Trends for High-Value Importers Sourcing from China and Beyond Listen to Our Analysis Your browser does not support the audio element. Let’s dive into the trends shaping your import strategy in 2025. Don’t let 2025 catch you off guard.
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