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For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. 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.
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 findings were derived from an online survey of 250 executives at leading U.S. Transportation costs ranked second, and labor costs ranked third.
This is nearly double the amount from a decade ago and it seems to be in line with the trend of Halloween gaining popularity in the last few years with the help of social media. 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%
For the most part, the retail market for fresh foods thrived throughout the pandemic, according to the Supermarket News 2021 Fresh Foods Trends Report. 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.
A look at the supply chain trends and technology that will come into play in 2018. While predicting the future is never an easy task, in order to be competitive all businesses need to be able to accurately anticipate what trends will affect them in the coming year. Turney Thompson, vice president, Kenco Transportation Management.
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.
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.
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.
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries.
With the growth of these sites and the rise of micro-trends driving consumerism, the fashion supply chain is rapidly evolving, leaving behind significant environmental challenges for future generations. The Ulula platform will enhance EcoVadis’ data by providing insights through automated surveys, grievance management, and analytics.
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.
Key Trends Driving Change. 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.
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?
Trends likely to drive Singles’ Day sales. Supply chain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game. Factory audits, CO2 reporting on the supply chain, and compliance with regulations are some of the ways in which visibility can be ensured.
Image source: Rawpixel | The Future of Supply Chain: Top 5 Supply Chain Trends in 2024 Managing the market’s intricacies will call for a proactive approach that goes beyond simply responding to demands as the halfway point of 2024 draws near. Top 5 Supply Chain Trends in 2024 1.
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.
C-TPAT survey gives members chance to sound off Are companies who participate in the Customs-Trade Partnership Against Terrorism really achieving tangible efficiencies by partnering with the U.S. CBP turned to the University of Virginia to help design and conduct the survey. government to secure their international supply chains?
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. A shift is obvious.
Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains. A second recommendation is for shippers to continually monitor their routing guide compliance to isolate lanes that are performing poorly.
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.
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.
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.
According to this year’s survey by Harvard Business Review Analytics Services, the top business drivers for adopting cloud and hybrid-cloud technology are: Business agility/flexibility – 49%. Based on these trends, it’s clear that organizations need support to keep up with these demands coming from customers and the industry itself.
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?
We recently surveyed manufacturers, retailers, and ecommerce companies about order fulfillment and distribution. Their responses revealed several emerging trends. Trend toward multiple DCs. Trend toward multiple DCs. A major change in order fulfillment may be looming, the survey suggests. Compliance to U.S.
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.
This not only provides versatility but also aligns with the growing trend of personalized delivery experiences, enhancing customer satisfaction and loyalty. According to a NielsenIQ survey, 61% of consumers prefer fast deliveries, reflecting a trend towards higher expectations for speed.
In the first supply chain trends post, we surmised the previous year’s trends would continue. Per GT Nexus , 75 percent of executives surveyed recognized the digital supply chain as an important factor for the next five years. However, this prediction proved to only touch on how important the digital supply chain would become.
Freightos, an SaaS-enabled logistics technology provider focused on instant freight quotes for freight forwarders and shippers conducted a survey recently to reveal how cumbersome logistics remains to American companies importing goods. Compliance to U.S. Only 11.7% spend more than 5 hours. pburnson@peerlessmedia.com.
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.
According to a survey by McKinsey, 93% of supply chain executives plan to increase their investments in resilience, and 47% of them consider automation and digitization as the top priority.
Led by multinational corporations, the trend by big companies in recent years has been to work only with suppliers that maintain high social and environmental standards. The companies then ask these first-tier suppliers to ensure compliance from their own suppliers. Use Technology to Identify Problems and Opportunities.
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. percent over FY19. Phoenix Freight: 3PL and 4PL Provider. The Future of 4PL.
We expand upon the supply chain technology trends we spoke about in the first part of this blog series, but let’s take a look at 5 more supply chain tech trends that will shape 2018. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download white paper.
If there were one clear-cut conclusion to be drawn from our “2018 Warehouse and Distribution Center (DC) Equipment Survey,” it would be that the outlook for spending is bullish. At the same time, the survey revealed growing interest in the use of relatively new types of technology, including robotics, drones and smart glasses.
The Trends that Will Forever Shape Manufacturing in 2018 & Beyond. According to a survey conducted by The Manufacturing Institute and Deloitte Consulting LLP , approximately 22% of skilled manufacturing workers (almost 2.7 This would help to take the strain off the worker and prevent injury. GET YOUR FREE WHITE PAPER.
As detailed in the National Private Truck Council’s (NPTC) most recent Benchmarking Survey Report , private fleets expect to add more equipment to keep pace with the rising amount of freight. Leasing Trends and Advantages. Maintenance Trends. Many factors contribute to fleet operators outsourcing their maintenance services.
There is also a trend toward localizing networks in an effort to reduce offshoring and simplify supply chains. manufacturers surveyed by The Manufacturing Institute and Deloitte Consulting LLP , it is now 36 percent more difficult to find the right talent than it was in 2018, despite a higher unemployment rate. Skilled Labor Shortage.
If leveraged effectively, game-changing trends such as digitalization, e-commerce and the Belt and Road Initiative to increase infrastructure between China and the EU—the exact impact of which is yet to be fully understood—have the potential to add wind to the sails of global seaborne trade,” concludes Youssef. Compliance to U.S.
A recent survey highlights the evolving priorities of procurement leaders, emphasizing the importance of digital transformation in driving operational excellence and strategic alignment. By analyzing vast datasets, Generative AI identifies patterns, trends, and anomalies, providing valuable insights for strategic procurement planning.
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. Ernst & Young surveyed 423 CFOs and heads of supply chain around the globe to understand their view of a CFO’s contribution to the supply chain.
Companies in Asia Pacific place more importance on green transport than other regions do, finds a new DHL survey. The survey also identifies two trends that will have a significant impact on transport in Asia Pacific: 1. Compliance to U.S. December 10, 2018. The rise of e-commerce.
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.
Company-wide staff satisfaction surveys will assist in implementing improvements, monitoring trends, and gauging the impact of newly introduced benefits. Collecting and analyzing demographic data from across your workforce can also help in shaping DEI initiatives and assist in monitoring changes over time.
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