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Global shipping and transportation present tremendous opportunities for businesses, but they also bring complex challenges, particularly when it comes to compliance. A 2023 survey by the International Trade Centre found that 73% of small and medium-sized enterprises identified regulatory compliance as a major barrier to international trade.
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. Cross-border deals, in particular, require navigating a labyrinth of legal and compliance requirements, which can delay or even derail transactions.
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. The State of Fresh Grocery & Supermarket Supply Chai n. Two-thirds reported increases of up to 15%, and 18% said sales had risen 10-12%.
Ninety-six percent of Americans have made at least one online purchase and 51% of those surveyed say they prefer to shop online. In a recent survey , 96% of survey participants said the availability of free shipping impacts their purchase decision. Fast delivery matters. So, what does this mean for shippers? on time in full).
We recently surveyed CFOs and finance executives in the manufacturing and distribution sectors to study how the pandemic has impacted their businesses. Managing cash flow and margins remains a key objective for US finance leaders, based on our survey in 2020, 2021 and now into 2022. 3. Improving visibility into performance.
And according to a recent survey by Kenco, 94% of survey respondents feel that it’s important for their 3PL provider to have a competency in technology and innovation, and more than half expect their 3PL provider to be investing in innovative technologies (another 32% want to co-invest). Kristi Montgomery, VP of innovation, Kenco.
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. Key Trends Driving Change. The Financial Link. Technology Boost.
The findings were derived from an online survey of 250 executives at leading U.S. Sourcing is the heart of today’s global supply chains, and decisions made on sourcing impact everything from transportation and shipping costs, to both social and regulatory compliance concerns. Sourcing decisions can complicate or simplify this process.
Mr. Daniels reports they have 870 employees, so based on a market study recently completed by ARC, this claim is credible. Additionally, they are tracking 5 billion pounds of goods back to their original source to ensure a wide variety of compliance standards are met. First, it is done through surveys.
According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. ARC has been actively studying industrial AI for over two years. We spent hours and hours looking for data, whether it was for audits, compliance, or just basic troubleshooting.
Their associate engagement survey allows Ferguson to understand the driver’s impacting engagement across their 31,000 employees. The survey focuses on four engagement questions on advocacy, pride, satisfaction and commitment. 56% of employees surveyed were engaged. Ferguson does 20 to 30 studies a year using this tool.
The underlying logistics regulations, political stability and compliance are biggest challenges. A study by PwC found that 66% of surveyed executives anticipate higher supply chain costs as a result of diversifying away from China. Each country’s regulations are different.
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. Drones can be programmed to survey specific locations regularly, detecting early signs of pest infestations.
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. Similarly, a 2021 study from McKinsey showed that just 19% of companies that had adopted Industry 4.0
The Spanish automotive manufacturers’ association, Anfac, has just released its annual Maritime Port Logistics Grading study, which identifies Santander (pictured), Sagunto and Pasajes ports as currently the best for vehicle processing in Spain. One aspect the study identified as being key was good road access to ports.
The study, “Embracing a digital future: How manufacturers can unlock the transformative benefits of digital supply networks,” reveals a disconnect between executives’ opinions of their DSN efforts and actual implementation. Furthermore, survey results suggest that end-to-end supply chain transparency is the No. Compliance to U.S.
In fact, using a TMS solution decreases freight costs for more than 60 percent of companies surveyed, reports ARC Insights. More recent studies have found similar results. Think About International Compliance and Expansion. Never Fold Your Hand.
Nashville, TN — In an era where technology is continuing to migrate consumer spending habits online and away from brick-and-mortar stores, the newly released 2019 Third-Party Logistics Study (#3PLStudy) highlights how supply chains are also going digital and using science to keep pace. The publication, available at www.3PLStudy.com
Those are some of the key takeaways of the global UPS Pulse of the Online Shopper Global Study issued this week by UPS and comScore Inc. The survey is based on feedback from a comScore survey of more than 18,000 global online shoppers and was issued over the first three quarters of 2017. Looking at the 5-9 p.m. for next day).
That is a key takeaway from the 2019 22nd Annual Third-Party Logistics Study, which was released today by Infosys Consulting, Penn State University, Penske Logistics, and Korn Ferry at the Council of Supply Chain Management Professionals (CSCMP) Edge conference in Nashville, Tennessee.
The 2018 research study from LEGACY Supply Chain Services and Adrian Gonzalez, president of Adelante SCM, was conducted in June 2018, compiling input from nearly 100 supply chain professionals in retail, manufacturing, & logistics service provider sectors in the US & Canada. Download the Research Study. Compliance to U.S.
They could also be dealing with: Demands of a growing workforce; More diverse customer needs; Business intelligence requirements; Keeping the supply chain running; New competitors; New compliance responsibility; Keeping the business culture intact. The growth stage of a business can differ greatly from starting a small business.
Dropoff just released the findings of its annual consumer survey on delivery and retail trends, noting that there’s a huge “expectations gap” between what products consumers want delivered same-day and what products they actually receive same-day. Compliance to U.S. The post New courier study shows that U.S.
A study by Wharton Business School found that this group is mainly interested in supporting brands that are ethical, caring and strive to do the right thing. They verify the compliance status of their suppliers through internal and third-party audits, worker hotlines and grievance processes. Printer-friendly version. Media Type.
Even before the pandemic swept across the planet, larger companies were increasingly using 4PL providers to act as their logistics department, handling matters such as order management, legal compliance, warehousing, and supplier management. The 4PL Market is Growing Exponentially. million USD in 2019. It is predicted to reach $78,981.5
Managing cash flow, planning the financial outlay, keeping the balance sheet in order, and ensuring all financial compliances are met are a CFO’s core job function. However, according to this McKinsey study, most industries report supply chain and logistics cost in the range of 1.8% But this is not all that a CFO does.
Zebra Technologies , a market leader in rugged mobile computers, barcode scanners and barcode printers enhanced with software and services to enable real-time enterprise visibility, has announced the results of its Future of Fulfillment Vision Study. Key Survey Findings.
And although there is an aspect of compliance, through the mandatory Driver CPC training and various other qualifications, this should always be seen as an opportunity for growth rather than a burden, alongside other development opportunities.
Studies show that in some areas, around a third of companies that were unable to fill all vacancies did not receive a single application. As studies show, young people place a high value on flat hierarchies and want modern IT systems in their day-to-day work.
Small and medium-size businesses that have struggled for equal footing in the global economy are increasingly looking to cross-border trade for growth, seeing technology as a way past obstacles in shipping and compliance, according to new research from Shipa Freight. About the study.
A study by Deloitte in 2023 found that companies using predictive analytics and AI for risk management saw a 25% reduction in supply chain disruptions. ~ A 2023 survey by PwC revealed that 70% of oil and gas executives believe that digital transformation in the supply chain has significantly improved operational efficiency. . ~
Adelante SCM and LEGACY Supply Chain Services are partnering on a research study on inventory management within the omnichannel supply chain. 2018 Omnichannel Leader Study. Please participate in this research study on inventory management within omnichannel supply chain environments. Compliance to U.S.
The lack of drivers and other skilled workers continues to be a major challenge for the logistics industry for the third year running, according to Paragon Software Systems’ annual UK customer survey. The survey found that over half of respondents believe this to be a major issue. Compliance to U.S.
In an era where technology continues to migrate consumer spending habits online and away from brick-and-mortar stores, the 2019 Third-Party Logistics Study highlights how supply chains are also going digital and using science to keep pace. Less frequently outsourced activities continue to be those that are more strategic and customer-facing.
A study by Harvard Business Review in 2019 found that products that were marketed as sustainable grew 5.6 Factory audits, CO2 reporting on the supply chain, and compliance with regulations are some of the ways in which visibility can be ensured. times faster than those that were not.
Primary Research can be conducted via: Interviews; Surveys; Questionnaires; Focus/user groups; Test markets. Utilizing surveys, focus groups, and reading reviews, are all great ways to gain consumer feedback. It is important to utilize both primary research and secondary research to diversify data. Evaluate Yourself.
The survey found that 49 per cent of UK shoppers put the ease & cost of delivery as a priority above the price of the garment (45.6 The survey found that 49 per cent of UK shoppers put the ease & cost of delivery as a priority above the price of the garment (45.6 Compliance to U.S.
Auburn study finds retailers face challenges in disruptive technology, efficient urban fulfillment, sustainability, and the role of LSPs. Compliance to U.S. Home > Strategy > Report: retailers plan to boost 2018 spending on omnichannel fulfillment, technology. Strategy April 19, 2018. By DC Velocity Staff.
SaaS vs In house expenses Source: MSIdata Building a custom solution will also require internal compliance frameworks that will match global data security, privacy, and regulatory standards, causing a long-term drain of monetary and technical resources. Download Case Study 6. Achieving 99.5%
By 2028, 40 percent of all parcels will be delivered within two hours , according to a study released earlier this year by Zebra Technologies. Future of Fulfillment Vision Study New! Compliance to U.S. Amazon and other retailers are analyzing their supply chains and shifting how developers view warehouse space. Download Now!
Since 2002, Armstrong & Associates has surveyed 3PL managers and shippers to identify the most recognizable brands in third-party logistics. . Compliance to U.S. Conditions are ideal for winning new business, even as 3PL competition increases. . November 5, 2018. About the Author. Patrick Burnson, Executive Editor.
It is impossible to overstate the intrinsic value of surveying an array of perspectives as the group of learners struggle to achieve a common objective. As workplace educators, we can harness the accountability and enthusiasm that supports these efforts and excel beyond compliance training. What is the most effective delivery method?
Among the report’s key findings was that forwarders that quote manually took 57 hours on average—an improvement on previous surveys, but still 20th century performance. Furthermore, 72% of those forwarders surveyed failed to quote, thereby missing out on digital business. Compliance to U.S.
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