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According to a 2016 McKinsey & Company report : “Data and analytics underpin several disruptive models. Introducing new types of data sets (”orthogonal data”) that can disrupt industries, and massive data integration capabilities can break through organizational and technological silos, enabling new insights and models.
Unfortunately, the standardization of processes led to holes throughout the industry. This whitepaper will explore the foundation of a strong brokerage – the freight brokerage toolkit and discuss the following themes: Brokers’ top challenges leading to poor profitability or negative customer experiences.
It’s also possible that SONAR subscribers are the same companies that buy all available freight data (so you could also say that Brand X’s customers also outperform). It follows that the most efficient users of capital in the freight industry find SONAR to be a worthwhile investment. Request a SONAR Demo. Request a SONAR SCI Demo.
The maritime industry has been in peak season mode since the middle of last year and import volumes have been consistently higher year-over-year. Goods for the holiday shopping season are largely already stateside, which has led to a decline in our forward-looking ocean bookings data. Request a SONAR Demo. Request a SONAR SCI Demo.
In general, the companies in the meat industry have among the most to gain from improving their freight efficiency, and we estimate that food companies with average margins and an average relative freight spend could save $300 for every $1 million in revenue by improving freight efficiencies by 1%. Request a SONAR Demo.
SONAR SCI can be used to benchmark your rates against what other shippers in your industry are paying in the same lanes. From there, we recommend using a variety of data sets in SONAR to help quantify the degree of inflation or deflation in rates you should expect for the freight you are putting out to bid. Request a SONAR Demo.
Without adequate data and information on the freight market, shippers can find themselves in the same disadvantageous position as Mr. David. Use SONAR SCI to benchmark rates against what shippers in your industry are paying. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo.
Lynch and his team leverage data intelligence and strong industry relationships to help clients uncover transportation savings, build scalable supply chain strategies, and ace retailer compliance programs. The minimum OTIF percentage varies by industry. WhitePaper – The 5 Best Practices for a Changing Retail Industry.
However, the long of it is that it will create more efficiency and jobs in other industries as well as a need for advanced degrees with jobs of designing and making robots, but other life changing technology. Data-Driven Approach: Technology is changing the way people learn. How could that be a bad thing? Training Best Practices.
“The use of Industrial Internet of Things (IIoT) technologies allows warehouses to become better at managing and performing a multitude of tasks, improve the operational efficiency by huge margins. They have real-time data transfer, flexible communication, and Big Data analytics.
The paper presents evidence from 24 top executives running the world’s largest supply chains. These industry leaders believe enterprise supply chains could be the most important transformation for companies over the next five years. How Will the Digital Supply Chains WhitePaper & Report Help Me?
Fill out the Form Below to Access a COPY of the WhitePaper. The post [WHITEPAPER] The 2021 freight market outlook forecast appeared first on SONAR. It would be an oversight to kick off a 2021 outlook without addressing the structural changes to supply and demand as a result of what 2020 materialized into.
Coupled with the just-in-time nature of the industry, automotive manufacturers are heavily reliant on an efficient global supply chain. FILL OUT THE FORM BELOW TO ACCESS THE FREE WHITEPAPER. The post [WHITEPAPER] Leveraging freight market data to lower automotive manufacturers freight spend appeared first on SONAR.
To help tackling both the climate crisis and other environmental challenges such as water use and waste generation, DHL has published the new whitepaper “Delivering on Circularity”, which takes a profound look at how circular economies can help with these challenges. Environmental impact.
As the world recovers from the pandemic, now numerous supply chain impacts – including a global semiconductor shortage and inflationary pressure on a number of inputs, including freight costs – are significantly hampering the automotive industry, causing temporary shutdowns at some facilities. Request a SONAR Demo. Request a SONAR SCI Demo.
Lynch and his team leverage data intelligence and strong industry relationships to help clients uncover transportation savings, build scalable supply chain strategies, and ace retailer compliance programs. The minimum OTIF percentage varies by industry. WhitePaper – The 5 Best Practices for a Changing Retail Industry.
The global semiconductor shortage seems to be the first, second, third and only issue in the auto industry right now. Those data sets and use cases include: Freight market data to assist in negotiations with carriers. FILL OUT THE FORM BELOW TO ACCESS A COPY OF THE WHITEPAPER. Request a SONAR Demo.
The pandemic has sent the retail industry on a K-shaped trajectory — the final straw that has sent many retail chains into bankruptcy while also contributing to a surge in sales for many of the leading chains. FILL OUT THE FORM BELOW TO ACCESS A COPY OF THE WHITEPAPER. Evaluating freight flows for private fleet conversion.
He has over 25 years of experience across all functions of the supply chain and IT in multiple industries including consumer products, life sciences, and industrial manufacturing. Shanna has experience in a broad range of industries including oil & gas, health tech, and consumer goods. About Shanna Greathouse. Tony Nichols.
The freight transportation industry has always been slow to adopt new advances in tools, software and automation. However, 2020 helped shed light on just how behind the industry is compared to others. Prioritizing moves based on inbound and outbound data trends. Industry expert guidance as a best practice.
Werma has published a free whitepaper, available for free download, to help understand how important the choice of the right signal is for the safety of everyone in industrial environments. Werma’s free whitepaper explains the importance of choosing the right signal for everyone’s safety.
This “SONAR highlight reel” freight market update report, which we plan to publish every other week, is intended to concisely hit data highlights in the truckload, intermodal and maritime industries. June is typically a strong period for truckload demand and this June is proving to be no exception. Request a SONAR Demo.
Therefore, in the absence of hedging, CPG companies should utilize as much freight-related data as possible to mitigate freight costs more effectively and improve supply chain efficiency. Those data sets and use cases include: Using data from electronic tenders and carrier surveys to assist in negotiations with carriers and 3PLs.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Meanwhile, tender rejection rates have climbed 200 basis points since the beginning of August.
Fill out the Form Below to Get a Free Copy of the WhitePaper to Your Inbox! Cerasis is excited to announce the release of an all new, exclusive, & educational resource “How Effective Operations Management & Technology will Enhance Shipping in 2019” whitepaper!
Data for data’s sake lacks value, especially in the view of the supply chain. And across the market, submitted data becomes rapidly outdated. And in some industries, outdated data can have disastrous consequences. For instance, take the value added by more accurate data in the health industry.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Import volume levels continue to outperform year-ago levels. Request a SONAR Demo. Request a SONAR SCI Demo.
Global trade data and shipping demand management are not just things that high-tech companies and international investors need to worry about. Global markets are at the heart of industries large and small and have become a key player in the transportation industry. Download the WhitePaper.
“What’s the best way to use data to beat your competition as a freight brokerage business?” Nevertheless, it all adds up to a greater demand for integrated systems and real-time data. Furthermore, real-time data and SaaS-based resources have additional value in the form of enabling management by exception.
As explained by Supply & Demand Chain Executive , “Digitization, software and giving shippers and carriers efficient tech tools are critical, as technology continues to modernize this industry. Everyone is working from home, switching in-person and paper processes with digital transactions and signatures.” .
FreightWaves SONAR Supply Chain Intelligence (SCI) platform is designed to evaluate the effectiveness and efficiency of a shipper’s freight spend by: (1) Benchmarking shippers’ current or target rates to the market or industry peer group. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo.
Reaching mutually beneficial service level agreements (SLA) or trade agreements depends on the access and utilization of current logistics data and a decent amount of preparation. Far too often, there is a severe lack of real-time logistics data to work with during this process. Download the WhitePaper.
Using Data for Better Transportation Management How to Use Data for Better Transportation Management The logistics industry has long been characterized by volatility and unpredictability. Additionally, even some of the most tech-savvy companies appear to be overlooking important supply chain data and metrics.
And there remain significant problems within the industry. One of the biggest challenges facing the industry right now is deadheading. Fortunately, smart data utilization can help reduce deadheading occurrences and make the entire supply chain more profitable. Download the WhitePaper. Think about it.
One year ago, we wrote a whitepaper in which we estimated that the top five paper and packaging companies in the U.S. Despite the revenue declines posted by the industry in 2020, we believe that industry freight spend is just as high as pre-pandemic levels due to growth in packaging demand and higher freight rates.
But if you work in the supply chain industry, chances are that your friends start yawning when you say what you do. By pairing up historical data with maps, an assistant history professor came up with some stunning maps that show the different in global shipping lanes since the 19th century. Download the whitepaper!
The guides outline the goals and the specific needs of individual carriers, load types, destinations and industry niches. Maintaining good compliance to these informational guides is critical to supply chain management and relies heavily on current data and automation. Download the WhitePaper.
Load capacity limits play a crucial part in a supply chain network organization, logistics metrics management, and procurement in the shipping industry. Freight management parties need to understand why procurement falters without technology and how technology can boost sourcing across all industries. Download the WhitePaper.
Today’s shipping and transportation industry has changed in several ways, even over just the last few years. Data access and analysis continue to be essential to competitive operations within the process of monitoring rates and expenses in intermodal shipping lanes. Download the WhitePaper.
Data represents an integral part of daily life for most people, and it is no different within the transportation industry. That insight into how freight logistics and optimization rely on data and understanding the full picture is critical to making the best improvements in supply chain route optimization too.
Companies with access to accurate near-real-time data not only improve their operations; they also gain the ability to depict the current state of the trucking market. These accurate depictions of the market come from the tracking of data. Businesses that have better access to more data have distinct advantages.
Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Now, the industry is changing yet again. Download the WhitePaper. And those increases are likely to remain forever.
With the proper use of data and freight analytics , contract procurement and securing capacity can be enhanced. The incredible insights that accurate data has to offer combats volatility and unearths a clear understanding of what’s actually happening in the market. Those are the founding principles behind SONAR SCI Lane Acuity.
However, the industry is always slow to adopt new software, so not much has changed among many carriers. Capture and analyze data inside and outside of your network to benchmark performance. The biggest barrier to efficiency in supply chain agility rests with an inability to see, capture or analyze freight data.
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