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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.
Ships periodically require surveys, which are inspections a lot like your annual car inspection, though a lot of states don’t have them anymore. Key systems of the ship are checked for compliance with safety rules and such things as pollution … Continue reading →
Marine Cargo Survey Practices. Depending on the ship’s route, they check that all shipments remain in compliance with national or international health and safety regulations to guard against problems like the spread of infectious disease. Recommend procedures to correct compliance issues. Gathering Information.
A new service has been launched by inotec UK – a free safety and maintenance survey for the appraisal of warehouse line marking. By launching this free service, inotec is taking a proactive role in supporting companies to ensure compliance with the law. A key reason for this has been the cost of involving a specialist third party.
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% Temu, which has 92 million users in the EU and is part of PDD Holdings, stated that it takes its compliance responsibilities seriously and is working to enhance its consumer protection measures.
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.
Dun & Bradstreet recently released their Compliance & Procurement Sentiment Report, polling compliance and procurement professionals on their concerns around Environmental, Social and Governance (ESG). This is the third iteration of the survey since it’s inception in 2018, and contains some surprising findings, say researchers.
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. 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%.
Least cost carrier compliance – This metric reveals which carriers are able to stay in compliance with the lowest overall cost. As problems arise, shippers will spend more to ensure carriers stay in compliance with routing guides, delivery expectations, and service guarantees. And it isn’t all about cost optimization, either.
How can you find the right balance between cost, service, and risk, while also ensuring compliance? If you’re on the front lines of transportation management, you know that navigating the ebbs and flows of capacity and rates is a constant challenge, as is dealing with new regulations and changing customer requirements. That question is more.
The survey of 200 IT decision-makers and cybersecurity leaders across the UK comes at a time when critical infrastructure attacks are increasing, particularly those targeting government, education and healthcare industries. Worryingly, it took more than two in five of organisations more than a week to recover.
Today’s article is the fourth part in a series featuring surveys from APQC on supply chain topics including environmental sustainability , last mile , and digital transformation. Survey respondents were asked to identify the top three challenges they face in implementing ESG into their supply chain.
This survey-based research gathers quantitative data as well as information on practices or performance drivers. This report provides a cross-industry perspective on digital transformation in logistics including digital maturity in inventory management, transportation, fleet maintenance, safety and compliance, and more.
Designed to improve highway safety by strengthening driver compliance with hours of service (HOS) regulations that prevent fatigue, the Federal Motor Carrier Safety Administration (FMCSA) initiated a ruling in 2015 that mandates the use of ELDs by all commercial vehicle drivers in the U.S. The ELD Opportunity. by December 18, 2017.
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). Technology will remain king.
Dive Brief: Detention, or delays at a shipper’s facility, are the number one reason drivers cited for running out of available driving hours, impacting their… The post Survey: 80% of truck drivers blame detention for HOS compliance issues appeared first on 24/7 Customs Broker News.
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.
The Ulula platform will enhance EcoVadis’ data by providing insights through automated surveys, grievance management, and analytics. Shein and Temu pledged to cooperate with investigations and strengthen compliance, though both face criticism for low product quality and their use of de minimis.
Compliance: Contrary to popular opinion, the hours of service rules have not changed. The difference is that ELD technology monitors and records data, so that compliance is now enforced across the board. As of April 16, CarrierLists survey reports ELD compliance at 97%.
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.
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. But no survey-based mapping is ever complete. This multitier mapping is done in a couple ways.
Join the Thomson Reuters webinar, where our experts will delve into the top findings from their 2023 Corporate Global Trade Survey Report and provide practical advice on how trade compliance departments can navigate these turbulent times using the right technology.
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. Is your supply chain ready for what’s next?
Six out of ten manufacturers were negatively affected by supply chain disruptions during the pandemic, according to a December survey of manufacturing leaders from SYSPRO. The pandemic exposed serious weaknesses in the operations of manufacturers and distributors, not the least of which was the lack of robustness in our supply chains.
But a recent Freightos Group survey of industry leaders found that fixed price agreements are far from fixed: 75% of forwarders report paying a peak season surcharge to get on the right sailing . A common response or protection against price opacity and volatility is the long-term fixed price contract. .
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. During COVID, many companies were struggling to get supply.
Compliance: Contrary to popular opinion, the hours of service rules have not changed. The difference is that ELD technology monitors and records data, so that compliance is now enforced across the board. As of April 16, CarrierLists survey reports ELD compliance at 97%.
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.
Logistics Trends & Insights LLC , an Atlanta, Georgia-based consultancy, is conducting its third “Evolving Freight Forwarding Survey, and invites LM readers to participate. In our 2017 survey, 92% of respondents noted that digitization brings value to forwarders,” says Roberson. Compliance to U.S. March 14, 2018.
Any manufacturer that ships to an individual within the EU, employs European citizens or is involved in internet marketing will find themselves subject to GDPR compliance. How manufacturers can meet GDPR compliance and bolster internal security measures.
According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. We spent hours and hours looking for data, whether it was for audits, compliance, or just basic troubleshooting. Can I have an industrial Google at a manufacturing facility?
A recent survey by Supply Chain Digest showed that 71 percent of shippers are interested in their 3PLs providing innovation, so we’re finding acceptance in the industry.”. “They might not be able to describe it, but they know it when they see it.”. So what have been the results to date?
If you are a finance professional in a manufacturing business, your main goals are to reduce risk, improve profitability, and maintain high levels of compliance. To do that, you need to access accurate data and create insightful reports for GL, as well as other finance and operational needs.
Fast forward to the last five to ten years, and SanMar has built out a sustainability team, which includes compliance managers and a team to ensure they do business the right way. Sustainability is too big of a challenge to be outsourced to the compliance team. Sustainability Lessons Learned. Get the entire organization involved.
As the compliance date for the Electronic Logging Devices (ELD) mandate approaches (December 18, 2017), there are two important questions to be answered: How will it impact capacity? According to the survey results, only 33 percent of small carriers have fully integrated ELDs into their fleet.
When it comes to measuring customer loyalty, the Net Promoter Score survey is typically a best practice. The modules include restricted party screening, trade compliance, customs management, global trade intelligence, and estimated landing costs. You can watch the full video below.
Jason’s Law Truck Parking Survey and Assessment was developed and implemented to identify driver safety problems and avoid further tragedy. These reports included a 15% hike in miles traveled between 2012 and 2017 in addition to locations that were identified as problematic in a separate survey from 2014. During this briefing, U.S.
My preferred measure of demand for truck transportation is an index I’ve developed with my colleague Yem Bolumole at the University of Tennessee that uses data from the Census Bureau’s and Bureau of Transportation Statistics’ Commodity Flow Survey to calculate implied demand for truck transportation.
Medical device manufacturers must constantly monitor component and product quality to ensure regulatory compliance. An ERP system for medical device manufacturers can automate the quality management process so that best practice is integrated into operations to address compliance requirements. Traceability.
Within the chemical industry, challenges such as regulatory compliance, market volatility, and stringent safety measures require innovative solutions. Managing the supply chain in this industry involves unique challenges and considerations due to the nature of chemical products, regulatory compliance, and safety requirements.
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