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
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. He is responsible for driving strategy, customer engagement, and industry analysis.
Neal Huffman and Joe Lynch discuss Farelanes: real time lane pricing for everyone. Neal is the Chief Executive Officer and Co-founder of Farelanes, a company specializing in providing real-time lane pricingdata for the logistics industry. Farelanes Gold: Aimed at shippers, offering comprehensive pricing insights.
Matt is Chief Technology Officer at Greenscreens.ai , a freight-tech company on a mission to rock the freight world through accurate predictions, actionable insights and cutting-edge technology. Delve into the future of logistics, where AI and accurate data are crucial for navigating market fluctuations. About Greenscreens.ai
manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. They may be able to shave 15% off their costs and dodge a tariff bullet. What Is Agile Procurement?
LTL carriers handle multiple shipments from various vendors on a single route, helping save time and reduce costs by maximizing truck space. Real-time tracking allows carriers to adjust on the go, while AI and machine learning enhance load planning and reduce deadhead miles.
About Jonathon McKay Jonathon McKay is a highly experienced partner at PATH specializing in exceptional growth strategies for the supply chain industry. With over 15 years of expertise, Jonathon leverages customer insights, market trends, and employee engagement to drive success.
Business Consulting : Aligning business processes and technology with data-driven strategies to transform supply chains into strategic assets. Hunt, providing expertise in technology strategy and implementation. M&A Support : Evaluating potential acquisition targets and supporting their integration and growth.
Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. Predicting the freight market is always tough even for DAT, so follow them for the most up-to-date freight market trends and insights.
Data is a big buzzword across industries, but how about when it comes to logistics? In this episode, Joe Lynch sits down with William Sandoval , the Senior Vice President of Product Management and Strategy at PowerFleet Inc. Beyond The Data with William Sandoval. Our topic is beyond the data with my friend William Sandoval.
Today we’re going to look at some of the consumer trends that might affect your preparations for peak season 2024, and strategies to maximize them. Reduce shipping and inventory costs to gain pricing flexibility. 2024 Consumer Trends Early this year, HubSpot released its 2024 Consumer Trends Report.
This blog post will explore practical applications of AI in ecommerce and provide strategies for leveraging this technology to your advantage. AI Applications in Ecommerce Personalized Product Recommendations: AI algorithms can analyze customer data to provide personalized product recommendations, increasing sales and customer satisfaction.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. ITR Economics analysis shows rising and unmet demand for electric power from sustainability initiatives, coupled with the proliferation of data center construction ($27.3
Traditional supply chain planning, which relies on historical data and reactive adjustments, is no longer adequate for managing these challenges. They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks.
Throughout her career, Sarah has been recognized for developing and executing sales strategies that help clients choose the best products for their needs. DAT.com provides real-time information on trucking rates, capacity, and market trends, allowing users to make informed decisions. The Greenscreens.ai
Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. For instance, suppliers may have strong Vendor Management process expertise that will help reduce working capital.
While this benefits large shippers with reduced costs, it may have implications for service quality and deliverability. Broader Market Implications This trend has broader implications for the logistics industry. The question now is how long these aggressive pricingstrategies can persist.
Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. He led analysis around M&A, pricing sensitivity, competitive intelligence, and annual sales forecast for the executive team. monthly impressions.
Image source: iStocks | Top 7 Most Impactful Logistics Trends to Watch in 2025 As another year comes to an end, managers and business owners are dedicating themselves to a crucial stage in the success of any business: evaluating what worked and what can be improved in their operations.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Boosting Sales in the Logistics Industry: Proven Strategies for Growth In todays competitive logistics industry, increasing sales requires a combination of strategic planning, advanced technology, and a customer-centric approach. Below are key strategies to enhance sales and drive revenue in the logistics sector.
With logistics, labor, and inventory costs on the rise, finding targeted ways to reduce expenses can have a significant impact on your bottom line. Here are seven proven strategies every supply chain manager should explore to streamline operations, boost efficiency, and drive profitability.
Adjusting current logistics strategies demonstrated the second great challenge of the pandemic. Embracing new and improved logistics strategies remains the best way to adapt to clients’ changing demands in 2021 and beyond. Now more than ever, shippers need to find innovative ways to make the most of real-time freight data and analysis.
This trend, known as reshoring , is driving the emergence of regionalized freight networks , optimizing supply chains for efficiency, cost savings, and resilience. To mitigate risks, manufacturers are embracing regionalized freight networks that reduce dependence on overseas suppliers and enable faster, more reliable deliveries.
For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. An ERP provides a central repository for all a distributor’s data.
Descartes, a Canadian-based company was founded in 1981 and has its roots in the movement of data, commerce, shipping, business logistics, and global trade intelligence. This year is special because Descartes used a third-party research firm to assist in the management of the collection of survey data.
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
With over 30 years in sales and marketing, he has led the success of such cutting-edge start-up companies as Tive, Coveo (TSE: CVO), FAST (MSFT) and StreamServe (OpenText). FRAYT provides ongoing training and support to help preferred drivers improve their skills and stay up-to-date with industry trends and regulations.
What you will learn in this blog: Leveraging Data Analytics For Invaluable Insights Implementing Lean Principles for Waste Reduction Effective Management Of Supply Chain Costs As companies navigate market fluctuations and challenges, effectively managing supply chain expenses becomes pivotal for success.
They talk about the growing popularity of podcasts in the logistics industry and how podcasting can be a helpful tool for professionals to stay up-to-date on industry trends and insights. 00:17:09] Evergreen content strategy. [00:23:14] 00:17:09] Evergreen content strategy. [00:23:14] 00:03:51] Starting a successful blog. [00:07:57]
This type of system helps you monitor current inventory, forecast demand, and reduce unnecessary storage costs. Additionally, tools that analyze customer purchasing trends can help you make informed decisions about when and what to stock. These issues can slow down the entire supply chain and create confusion.
You can cut costs without cutting corners. According to industry research, businesses that optimize their shipping strategy can reduce costs by up to 30%. Ship Smarter by Consolidating Your Shipments One of the easiest ways to reduce costs is to consolidate shipments whenever possible. The good news?
For these companies, maintaining profitability while protecting their margins hinges on operational efficiency and the strategic use of data. Data is critical to managing every dimension of the business. The Importance of Focused Data Not all data is created equal.
AWS , Google , and Microsoft are also investing heavily in custom AI chips to reduce their dependence on NVIDIA and optimize performance and cost. Edge Hardware: The battle for edge hardware also intensified in 2024, as companies sought to deploy AI capabilities closer to the source of data.
Many LTL industry trends, including capacity limitations, increasing accessorials, surcharge rates, changes in market trends and buying patterns, are almost certain to continue through 2021 and for some time to come. That gave rise to a new time pricingstrategy, dimension (DIM) pricing. . Download the White Paper.
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%
More Resources Home October 15, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 23% to $5.43/kg.
These can be critical problems for companies looking to increase productivity and reduce expenses in logistics operations. Automation in logistics is like putting technology to do the heavy lifting, reducing errors and saving time. In addition, errors are also reduced, as the robots follow only the programmed instructions.
It can be a direct reflection of current market trends, as many publicly traded companies operate within the global supply chain. In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. The answer lies in data.
Plus, prepaid services reduce billing and collection costs while providing crucial working capital for early-season expenses. Start by analyzing your current customer communication strategy. Get data-driven insights into the customers most likely to convert. Start Using Effective Print Marketing Today!
Postal Service reversing its package ban from China to LGs big robotics acquisition, companies are adapting to new regulations and automation trends. tax-free, could lead to higher prices and delays for consumers, impacting companies that rely on low-cost imports from China. From the U.S.
That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. This proactive approach reduces the reliance on intensive control measures, allowing for more efficient pest management strategies.
Image Source: Pexels | Exploring Top 10 Logistics Trends for 2023 and Beyond The adoption of new technology will modernize your company, ensure strong competitive advantages, and make jobs that before looked difficult efficient and productive. The sent data can be seen on a map, enabling continuous shipment status monitoring.
With costs rising recently, it’s easy to see why the challenge for many companies has been to reduce their transportation costs. Before we jump into how to reduce your transportation costs, it’s essential to understand what factors are causing them to rise. STEPS TO REDUCE TRANSPORTATION COSTS. CUT YOUR MANUAL PROCESSES.
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