This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Our annual salary survey reveals that the typical material handling and logistics professional earns $93,697. As the results of the MH&L 2018 Salary Survey indicate, the size of the paycheck has become almost as important. “If The single biggest challenge facing the industry is lack of qualified workers in all aspects of logistics.”
Products come back in dribs and drabs, not in nearly packaged batches. Reverse logistics, while not being the opposite of forward logistics, is still about products moving backwards in the supply chain. Often, the term reverse logistics is used for products that have already reached the final point of sale or been bought by a customer.
At the beginning of 2021, ARC Advisory Group, in partnership with DC Velocity magazine, anticipated factors such as a subsequent surge when we crafted our survey of warehouse practitioners. More than 25 percent of survey respondents stated that they experienced a decrease of order throughput volumes in 2020.
Of course, the pandemic then hit global shores, not to mention the ripple effects of global trade wars. Recent lockdowns in mainland China left global manufacturers reeling even further due to deteriorating factory production. Low labour productivity. In 2019, China accounted for 28.7 Top leadership support for Industry 4.0.
Ferguson PLC, value added distributor of plumbing and heating products, came out with their third quarter results on June 14 th. of in-stock products ship the same business day from our DCs; that is best of breed for any industry.” They sell over a million products that range in size from very small copper fittings to 40-foot pipes.
Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. Prescriptive analytics “describes a set of analytical capabilities that finds a course of action to meet a predefined objective, such as maximizing revenue or minimizing costs.” Firefighting is the norm. Prescriptive Analytics.
When sales forecasts are accurate, companies know they’ll have enough product supply to meet customer demand for those goods. And even if there’s an imbalance, good forecasts allow organizations to course-correct before a real problem emerges. Covering the Demand.
His product – a magnetic pillow fort for kids that was funded by a wildly successful Kickstarter campaign – was both fun…and bulky. We were pretty confident that we could raise a little bit more money or sell more product – it was pretty popular. The key takeaway? But it’s still worth asking.
Of course, there may be constraints at times, such as buying off contracts or from preferred suppliers, but building agility into the procurement process will make it feel seamless to employees, who are guided to what they need and can easily track the status of orders. Be proactive about your suppliers! How do you do that?
According to the National Retail Federation’s (NRF) annual back-to-school shopping survey, consumers plan to spend record amounts for both school and college supplies as families and students plan to return to in-person classrooms this fall. billion last year and an all-time high in the survey’s history. billion, up from $33.9
Of course, this is not the world we are in today. Project cargo weight on these possible compromised roads and railways should be a concern even with DOT route surveys. In the future, DOT may require additional route surveys and bridge studies for weight distribution. Right now, the going trend in the U.S.
And are they willing to pay more or wait longer for products from eco-friendly brands? Another survey found that 73% of global consumers would “definitely” or “probably” change their buying behavior to reduce environmental impact. Establishing an Eco-Friendly Ecommerce Business Okay, that was a lot of stats and surveys.
In fact, 53% of merchants and suppliers experience a knowledge gap within their organization when it comes to understanding the value of cross-channel capabilities, according to 1WorldSync’s Charting Course for Global Commerce. Merchants and Suppliers Face Significant Roadblocks in Navigating Cross-Channel Commerce.
It’s true that the major issues in the supply chain—which were confirmed through MH&L ’s workforce survey process and published in an earlier article —are nuanced. Improving processes also helps solve labor issues because it increases the productivity of employees. In the supply chain, problems are often overcomplicated.
In fact, a staggering 88% of consumers who participated in the 2018 Global Consumer Insights Survey , confirmed they would pay more for ‘same-day or faster delivery’. To an online shopper, the process of dropping product into a shopping cart and checking out seems relatively simple. Delivering to E-commerce Markets. Trillion by 2021.
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?
Whether ensuring a product is in stock when a customer walks into a store, or having the ability to profitably fulfill an online order within the time frame customers expect, companies need to have accurate and real-time visibility to inventory across all segments of their supply chain. You can read and download the full report at [link].
Among the production lines, warehouses, and shipping docks of your company, your ERP system acts as the air traffic control tower—directing every operation, process and data point successfully from and to their destinations accurately and on time. Assess Your Current Radar: Knowing if it’s time to upgrade starts by surveying your airspace.
Indeed, according to the 2020 IoT World Today IoT Adoption Survey, 51% of respondents said the virus spurred the need for new digital initiatives. Carter noted that while FedEx has focused on tracking a product in transit, blockchain extends the value of this kind of data-driven strategy many times over.
backers, pledge a monetary amount of their choice to a cause or product they believe in. Of course, in a competitive market , it can be easy to get drowned out. In a recent survey , 79% of shoppers indicated that free shipping would make them more likely to click “Buy.” Free & Fast Shipping. Want to know a secret?
In a recent global survey conducted by our team, shippers reported congestion and capacity as their main pain points in today’s ocean environment. In fact, we helped hundreds of customers shift some of their freight from full-container-load (FCL) to LCL to keep their products moving. Expedited LCL options. Cost savings.
cities over the course of the year, bringing the total number to 110. Massachusetts-based Teradyne moved its production out after U.S. percent of returns, or $101 billion worth, were fraudulent last year, according to a survey by Appriss Retail and the National Retail Federation. billion worth, the survey found.
Of course, it is helpful to have some statistics on hand to validate the statement above. According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation.
We spend a lot of time researching products before we buy, but in the end we may still feel uncertain. Humans have a natural attraction (psychologists call it a cognitive bias) toward products and services that other people like. Interestingly, the less your customers know about your product, the more important social proof becomes.
This proactive approach results in a significant reduction in operational downtime over the course of a year. For example, AI can analyze employee engagement metrics, absenteeism patterns and feedback surveys to identify leading indicators of employee retention challenges.
As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. In truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.
Our recent Demand Forecasting survey shows that teams anticipate more complexity in the supply chain. When asked how they see their organization’s product portfolio evolving over the next 3-5 years, 53% of respondents stated they see the number of items increasing and 43% of them expect to see increased item/product churn.
Now, of course, parcels are a daily occurrence, and our attitude towards packaging is somewhat different – more enlightened. Surveys show that up to half of consumers rate grossly oversized packages among the things they really don’t like about Internet shopping. And if you don’t believe surveys, just look on social media.
Greenbiz and Supply Chain Insights conduct a survey on the different thoughts of supply chain organizations and sustainability organizations in a company. This, of course, does not just mean carbon reduction but includes: Fair trade type practices (not allowing child labor, bad work conditions, conflict minerals etc.)
Source: Council of Supply Chain Management Professionals 2017 Survey. Of course the same is true in many professions, but is particularly so in the arena of supply chain and logistics. Manufacturing and Production. “My It’s easy to forget that the production environment is as much a part of the supply chain as logistics is.
Large and small companies provide customers with all possible products and services via their own virtual online stores or huge multi-department shopping malls. If your search box is equipped with product filters, then your customers will save their precious time and get relevant searching results. Multi-Device Experience.
Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. In a McKinsey surveyed, 59% of participants stated that a lack of executive vision was a significant obstacle to the digital transformation of their organization. [2]
These people are genuinely interested in your product — so much so, that they have purchased your products. Direct mail, while not as eco-friendly and far more expensive, can be used to deliver a coupon to infrequent shoppers, or communicate big events, such as an annual sale or new product drop. It’s common sense.
More importantly, the named retailers have also expanded online sales options to include products direct from manufacturers and various dealers or vendors. Unfortunately, manufacturers may have grown too preoccupied with ideals to understand how analytics played into production in 2016. Robotics in Manufacturing.
“We currently measure an average of 13 visits a day for each recipient, some of whom are so eagerly awaiting delivery that they click up to 35 times in the course of delivery,” reports Adrian Wilhelm, product manager at Bettermile. E-commerce has significantly increased recipients’ expectations of delivery services.
Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Workers from picking and packing to planning and procurement are in short supply, stimulating interest in increasing productivity of the existing workforce. Global Network. What about generative AI?
For many businesses, it’s just getting started, and it won’t end until the customer has the product in hand. If your warehouse employees are still tethered to a desktop monitor or printer, you’re paying a price in productivity. Every one of those obstacles likely costs your employees productivity as they pick.
Finally, we have surveyed and interviewed TMS customers. Some boutiques have consultants that used to work doing implementations or in product development for leading TMS vendors. Mexico, of course, has lower salaries than the US or Western Europe. More commonly a boutique’s fees would be in the mid-100s. The TMS a lot fewer.”.
A Freightos survey of 300+ companies sheds light on how importers have been navigating supply chain disruptions. Since then, we’ve sent out two similar surveys – one in June and one at the end of November – to track the effect of increased supply chain disruptions on companies ranging from small businesses to enterprise importers.
We will feature over the next 7 business days each category’s top 10 most viewed posts over the course of 2014. Since the Industrial Revolution, manufacturing has been synonymous with factories, machine tools, production lines and economies of scale. These will only contain posts written in 2014. Read Full Post.
Many manufacturers and retailers have started down one path only to change course later as the scale and scope of their operations changed. Back to Walmart, the retailer is changing course and building new distribution centers and channels for e-commerce. iPad — [it] may have to be filled from three separate locations.
“We currently measure an average of 13 visits a day for each recipient, some of whom are so eagerly awaiting delivery that they click up to 35 times in the course of delivery,” reports Adrian Wilhelm, product manager at Bettermile. E-commerce has significantly increased recipients’ expectations of delivery services.
Currently around 28% of the money spent on printing things is for final products, according to Terry Wohlers, who runs a research firm specializing in the field. The survey, conducted in late 2013, asked supply chain management (SCM) professionals about their priorities for the coming year. Read the Full Blog Post.
If people can understand where and how their goods are made, there is a better chance of incentivising more ethical and responsible production further down the chain. It can digitise fast moving consumer goods (FMCG) products so that consumers have much more information at their fingertips. So, step forward a new app called Almond.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content