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.”
Here are some different sources and their very different numbers: The first question is why the Department of Energy has these kinds of statistics. The Department of Commerce lists warehousing companies, but of course, most warehouses are not owned by third party logistics or public warehousing companies. Their last survey was in 2018.
Listen to the full podcast interview here ) Source: Fort Of course, this stark reality was faced by many small and medium-sized businesses (SMBs) during the peak of the pandemic. to 0.85 (Source: ShipBob ). One of the most prominent shifts has been sourcing patterns. The key takeaway? This trend was a while in coming.
With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. Digitization is Your Friend. Be proactive about your suppliers! How do you do that?
Media sources are filled with prognostication. However, GEP And S&P Global publish the GEP Global Supply Chain Volatility Index based on data derived from S&P Global’s PMI surveys. Of course, lower rates are great if you are paying for the service and not so positive if you are providing it.
In fact, two-thirds of the companies surveyed characterized their omni-channel fulfillment performance (relative to peers in their industry) as average or below, with 30 percent characterizing it as below average. Source: “Omni-Channel Logistics Leaders: Top 5 Inventory Insights,” Adelante SCM & LEGACY SCS.
Intrigued, here’s our summary of the key highlights – of course, we couldn’t help ourselves from expanding on them a bit. SOURCE: FREIGHTOS MARKETPLACE. Ti also ran a survey on the take-up of the new platforms and marketplaces. SOURCE: Ti GLOBAL FREIGHT FORWARDING 2019. So, what did the survey prove?
The company sources goods from 34,000 suppliers out of 30 nations. Products, of course, can be picked up at the branches. Their associate engagement survey allows Ferguson to understand the driver’s impacting engagement across their 31,000 employees. 56% of employees surveyed were engaged. Across the US, Ferguson has 6.5
Of course, the pandemic then hit global shores, not to mention the ripple effects of global trade wars. Here ERP is a vital investment as it delivers industry specific functionality for manufacturers and distributors and is a single source of the truth. In 2019, China accounted for 28.7 Top leadership support for Industry 4.0.
Assess Your Current Radar: Knowing if it’s time to upgrade starts by surveying your airspace. Can your existing software/ERP system integrate the manufacturing value chain, helping with functions from planning and sourcing, scheduling and shop-floor control, to quality inspection and maintenance? What processes are you managing now?
And, of course, when anyone buys goods in a store, part of that cost is freight. Freightos surveyed hundreds of importers who used Freightos.com ’s global freight booking platform in January 2021, and again in June 2021, to see how they’re navigating supply chain challenges. Enter, a global container shortage.
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. Let’s look at them from the perspective of the supply-chain Plan, Make, Source, and Deliver model. Sourcing and Purchasing. “I
Moving past waste, water, and C02 reduction, they have begun searching for renewable energy sources, different forms of packaging, and increased efficiency overall. More and more enterprises will be focusing on processes like ethical sourcing, reverse logistics, and using green materials in response to public demands.
According to the Institute for Supply Management , 75% of the 600+ businesses surveyed in the United States experienced supply chain disruptions. The best course of action to successfully assess risk and prepare for these disruptions is to get support from a logistics and supply chain expert. . Quote Form]. link] .
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.
Source: BluJay Solutions. The videos and the results of the study will be released soon, but here’s one key finding from the study: Source: Adelante SCM / BluJay Solutions Research Study. Source: Adelante SCM / BluJay Solutions Research Study. The company announced BluJay University and its new Learning Management platform.
CMA CGM and Maersk’s decision to sell online, Kuehne+Nagel’s notable online sales – showcased in our annual online freight sales survey – show two things quite clearly: The industry already made a conscious decision to offer online services in a transparent fashion. It’s not only Freightos technology, of course.
Using computer algorithms, the AI program searches various connected inputs from all available sources to generate human-looking content in the form of text, images, audio, and other synthetic (created) data that is of value to the user. The best course of action is to learn more now. It is not meant to replace warehouse workers.
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] The payoff is well worth it.
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.
Cost is, of course, another important aspect of running a successful business. There is an interesting correlation between the success of the survey and the data technologies that are utilized as more companies start relying on digitized services. The Impact of Technology. Improving Data Shows the Real Strength of Trucking.
Confusing Strategic with Single (Sourcing). Single sourcing is a supply chain trend which can easily lead to mistakes for small and medium-sized businesses, especially if it’s chosen as a strategy without regard to the potential risks. It’s certainly something to consider if you currently maintain a single-sourcing strategy.
In fact, 44 percent of shippers and 86 percent of 3PLs surveyed cite collaboration with competitors as a strategic value in entering and continuing the 3PL-shipper partnership. Of course, there are still hold-outs that foresee possible problems with these relationships. 3PLs are changing globally. The IT Gap Has Reached a Record-Low.
Of course, gamification can only be used in processes requiring human input, since it drives performance by way of motivation. The difference is quite subtle, but lies in the fact that while rewards (financial or otherwise) may play a part in supply chain gamification, they should not become the sole source of motivation.
Few areas of the supply chain are more susceptible than sourcing strategies. In the global economy, manufacturers may source raw materials from affected regions. Of course, a more diverse supply chain contains this protective effect—enabling multi-sourcing capabilities for all needed resources from cargo space to drivers and beyond.
Of course, sometimes following the herd can lead us astray. Third-Party Research By this we mean studies or product rankings conducted by independent sources, such as those conducted by Consumer Reports, CNET, or Wirecutter. In 2022, TikTok surpassed Google as a primary source of information for Gen Z. Absolutely nothing.
The digitization of commerce created a path for giants like Amazon and Alibaba to dominate their respective storefront/fulfillment and sourcing roles in the market. Tariffs of course have impacted enterprise US businesses in tangible ways including higher costs to purchase imported goods and reductions in US manufacturing.
This is especially true in transportation management, as companies work across many modes, many geographies, and many sources of data, including from GPS and mobile devices. Of course, converting data into actionable intelligence is easier said than done. Why is this so important today? “The
The article presents findings from a survey conducted across over 200 global supply chain professionals to highlight how the pandemic has increased the need for freight market intelligence and how it continues to be relevant even as supply chain issues resolve. This was, of course, an extremely popular use case for market data.
Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Planners are buried in tedious tasks using legacy, fragmented technology, which 48% say doesn’t help them do their job effectively, according to a survey by the boom! Global Network.
Pioneers may lack coverage (for now), according to a Transport Intelligence mystery shopping survey, but this will soon change. Of course, new customers will always require some support, but machine learning for exception identification and management should keep efforts down.
Of course, it is not an absolute must among the logistics skills to have a basic knowledge about IT or technology-specific area to be good at supply chain domain. The reality is being changed very fast, so people are sharing their knowledge and experience as well as are providing their gains as the open source.
Per GT Nexus , 75 percent of executives surveyed recognized the digital supply chain as an important factor for the next five years. Working with more outside agencies, also highlighted by Samantha Carr of Business 2 Community, including crowd-sourced logistics, warehouse optimization and outsourcing, and greater use of cloud-computing.
Of course, reports Predictive Analytics Times , analytics also possess potential to change how companies obtain the raw materials for their products. In fact, 97 percent of manufacturers cite the IoT as the most important technology to impact the industry, explains a survey by Zebra Technologies, reports Macrofab.
Moving past waste, water, and C02 reduction, they have begun searching for renewable energy sources, different forms of packaging, and increased efficiency overall. More and more enterprises will be focusing on processes like ethical sourcing, reverse logistics, and using green materials in response to public demands.
Of course, the human controlling capacity for actual AI is still far from realistic, but the concept of a superior AI did make strides this year. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains.
Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. Of course, toilet paper and paper towels were in short supply as well. Does any of that sound like the past two years or so? What is Supply Chain Resilience?
According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth greater than the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. The success of your business is inextricably linked to the performance of your supply chain.
There are, of course, some other important differences between the two types of providers: 4PL is, in general, better suited for medium-to-large businesses , while 3PL is more suited to small-to-medium businesses. Unlike a 4PL, however, it won’t manage the paint maker’s entire supply chain. The Future of 4PL.
Additionally, 81 percent of students who participated in Manufacturing Day 2015 who were surveyed showed an increased interest in pursuing a manufacturing career. For example, the Hirschvogel Automotive Group launched a program to teach students the art and skill set of working as a machinist in a die and punch shop .
Unlike official courses where you get the basics about the trade, online groups provide first-hand freight broker resources. With its over 2,000 members, it’s can be a good source of freight broker tips for your budding brokerage, as well as a good place to ask your questions about the transportation industry.
Over the course of 2016, real revenue and volume growth in the air and sea freight forwarding markets was remarkably similar globally, but this disguises significant differences across important countries and regions, say analysts who keep a close eye on the market. Source: LogisticsManagement . Digitize or die.
Confusing Strategic with Single (Sourcing). Single sourcing is a supply chain trend which can easily lead to mistakes for small and medium-sized businesses, especially if it’s chosen as a strategy without regard to the potential risks. It’s certainly something to consider if you currently maintain a single-sourcing strategy.
The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The company grew substantially over the course of two decades, achieving a considerable portion of that growth by way of acquisitions.
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