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In addition, e-commerce’s already strong secular trend accelerated through the period as the nation stayed home while still purchasing goods for delivery, enhancing the outlook for final-mile delivery. The insights generated are the product of a deep bench of domain experts backed by the proprietary data and analytics housed in SONAR. .
While that may be too soon to call, it’s clear that these are trying times for shippers and brokers that purchase ocean capacity. The data suggest that ocean congestion and service issues are not likely to be alleviated near-term. FILL OUT THE FORM BELOW TO DOWNLOAD THE FREE WHITEPAPER. Request a SONAR Demo.
Dataanalytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Defining retail needs is not an easy process, but data is king and can help companies sift through the needs and wants of customers, reports Arthur Zaczkiewicz of WWD.
As reported by DC Velocity , “the 2020 Fleet Advantage Industry Benchmark Survey noted, “11% of transportation fleets estimate they have saved more than $1 million in crash avoidance by upgrading to newer trucks with advanced safety features.” The data from benchmarking trucking fleets provides companies with a wealth of information.
The modern supply chain rests on a mountain of shipping data. However, the applications of real-time freight data remain disparate and lack value. As reported by Brian Barry of Multichannel Merchant , it is simple: “Don’t try to write and enforce the ideal policy in one step. Download the WhitePaper.
Feel like you keep on reading headlines about “ the Uber-ificiation of 3D printed big-data drones “? Ubiquitous data collection, as goods, supply chain assets and warehouses communicate with each all spell out huge data insights. Supply chains will need to adapt, incorporating faster, agile methods to transfer data.
Given that our proprietary TMS, the Cerasis Rater , provides multiple reports, giving our shippers’ many insights, this post is quite appropriate, just like getting the data that is meaningful , in order to make the best decisions for your business possible. . Driver wages represent 26% of costs. On-time pickups.
A lack of data is the absolute villain in this scenario for brokers and all trading parties. Start where it all begins – procurement. Procurement remains an oft-overlooked side of a freight spend analysis. All forward and reverse costs should be considered within a comprehensive spend analysis. Download the WhitePaper.
Yes, the need for shipping demand analytics is not new and was echoed in 2013 by Industry Week , “Relying on traditional supply chain execution systems is becoming increasingly more difficult, with a mix of global operating systems, pricing pressures and ever-increasing customer expectations. That’s where dataanalytics comes in.”
Meanwhile, more companies are turning to entities outside of the company, like third-party logistics or integrators (3PLs and 3PIs) to manage omnichannel supply chains , reports Maarten Baltussen of Supply Chain Digital. WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper. Manifesting this trend is the terminology and concept of Digital Path to Purchase — the omni-channel, tech-focused approach to supporting and acting on a consumer’s purchase.
Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone. Poor performance of new offerings leads to reduced profitability, reports McKinsey & Company. Download WhitePaper. GET YOUR COPY HERE.
Artificial intelligence (AI) is becoming more mainstream, and machine-aided purchases, such as voice ordering thru voice assistants like Amazon’s Alexa, are beginning to permeate everyday households. Supply chain executives express concerns over costs, disruptions to productivity, time delays, and impact on data.
This article shares details on the Truck Tonnage Index, how the data reflects the overall economy, and other ways to interpret the data. Data Collection. More goods being purchased lead to more shipments to fill the orders which increase overall tonnage. When comparing year-over-year data, the July index fell 2.9%
The days of managing channels on an individual basis are over, and consumers are using multiple devices and e-commerce platforms for nearly all purchases. individuals over the age of 15 at some point use e-commerce platforms to make purchases, asserts Business Insider. Download WhitePaper. In fact, 78% of U.S.
Technology allows shippers to work smarter, faster and with fewer human resources, and new technologies, such as drones and augmented reality, are continuing the process, reports Victoria Kickham of Logistics Brief. Dropshipping refers to manufacturers sending products directly, but products are purchased through a third-party.
While it may be premature to say Christmas is canceled, any company having to purchase capacity on the ocean is facing unprecedented pressure. The free whitepaper, Ocean shippers trapped in house of pain , highlights data impacting the maritime market, from the FreightWaves’ SONAR platform, as well as information from many other sources.
You can purchase a ring light for as little as $30. Download the WhitePaper. FreightWaves SONAR provides the fastest freight market data in the world across all major modes of traffic – guiding those who are seeking how to be a successful freight broker or to use in executing these freight broker prospecting tips.
Data Types and Quality Variances Complicate Managing Supply Chain SLAs In the U.S., Since only 11 Incoterms exist in the Incoterms 2010 ruleset, some companies, as well as purchasers and consumers, may need to know additional information about a product. GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER.
Although not subject to the risk of cybersecurity, the costs of manual processes and systems management can be up to 31-times greater than those of digital systems, reports informIT. As the storage space of data has fallen, warehouse managers ’ rationale for avoiding IoT technologies has become even more archaic.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper. In addition, they also write business reports and proposals. Understanding of Big Data. Big data is an incredibly complex process, but it also plays an important role in supply management.
Distribution center robots are a force in the Amazon powerhouse, reports the Association for Advancing Automation. When Amazon purchased Kiva robots, distribution center robots became the new “shiny object turned real-world effective object” of e-commerce fulfillment. Download whitepaper.
Just as in the following five examples that reveal interesting data related to the trucking industry. Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible?
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper. Due to this focus on the customer, consumers will reward those who have taken the leap into supply chain technology implementation by making more purchases, thus increasing revenues.
Brick-and-Mortar Retail Is Often Left Behind in the Digital Inventory Management Conversation As explained by William Terdoslavich of DMN News , customers expect instant gratification when purchasing products in-store, and the same feeling exists when making an online purchase. Download WhitePaper. GET YOUR COPY HERE.
Intermediaries may include financial experts, data analysts, freight auditors, and more. In general, today’s supply chain executives and managers continue using outdated, manual data entry processes, which will increase risk. GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER. Blockchain validates information.
WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download WhitePaper. The idea is to use third-party resources with white-label branding, allowing for a seamless experience for customers. Use data to understand customers’ online shopping habits. GET YOUR COPY HERE.
Customer service is more important than ever, and customers expect purchases to arrive at record speeds with free or low-cost shipping, says GlobeCon Freight Systems. WHITEPAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Download whitepaper.
E-commerce is growing faster than ever, and more consumers are leveraging online platforms in making purchasing decisions. In fact, two-thirds of consumer shopping journeys include internet research, reports McKinsey & Company , as well as word-of-mouth recommendations and past experiences. Get Your Free WhitePaper.
Using a combined blockchain and reverse logistics strategy can help alleviate these costs, and supply chain executives need to understand a few things about it Reverse Logistics Carry High Risk in Supply Chain Management Risk within reverse logistics is higher than that and forward logistics. GET YOUR FREE WHITEPAPER.
In addition, retailers around the globe struggle to stay competitive with the e-commerce behemoth, Amazon, reports Huemor. Get your free whitepaper. Digitization and automation within the supply chain will become major trends in e-commerce logistics, and power shippers to move more product, and at lower costs.
As explained by Dan Goodwill via Canadian Shipper, the problem goes much further than that, including lacking compliance management, subpar, if any, use of transportation management systems (TMS, and failure to utilize granular shipment activity data. Full Truckload WhitePaper Series. Download Here. New Series.
Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. WhitePapers. |. These 3 master data elements contributed to almost 50-60% of planning issues. Business Process Outsourcing. Customer Service. Finance & Accounting.
According to Steve Banker via Forbes , Amazon’s purchase of Whole Foods positioned the company to corner the omnichannel area , and Amazon went a step further. Get Your Free WhitePaper Today. million returns, reports the Washington Post. Meanwhile, inventory levels rose 3.6 Download Here. UPS processed more than 1.5
Higher expenses when purchasing new vehicles and equipment to comply with legal regulations and laws. Increased fuel costs as less-efficient vehicles consume more fuel and rely on less eco-friendly material usage. Download the WhitePaper. Request a FreightWaves SONAR demo to get started. .
GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER. Cost Reduction- One of the best aspects of using pioneering ERP software solutions is that your costs reduce dramatically, thus giving a huge boost to your overall profitability. The Trends that Will Forever Shape Manufacturing in 2018 & Beyond.
My firm conducts the survey every couple of years and we recently finished up our 2018 survey findings report, which is available here. GET YOUR FREE WHITEPAPER. DOWNLOAD WHITEPAPER. When selling logistics, we all want to paint a picture of a better future, post purchase.
Hard data should be the deciding factor in any new 3PL relationship. We highly encourage you to download our whitepaper regarding Logistics Service Level Agreement & KPIs to get a clear understanding of what you should expect to see from the 3PL you ultimately choose as your logistics partner.
Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. WhitePapers. |. Abstract Technologies such as Social networking, mobile, analytics and cloud computing have been shaking the IT industry for past several years. Banking Suite.
Those letters are short for General Data Protection Regulation – a law created by the European Union (EU) to give its citizens the ability to protect their personal data and online privacy. cookies and Google Analytics tracking) of sites/companies that they wish to hear from or otherwise interact with. Do content downloads (e.g.,
Let’s take a closer look at the problem with trying to manage over the road (OTR) modes through traditional, manual data entry and freight scheduling versus using a TMS. Download WhitePaper. The Challenge: Too Many OTR Modes Make Visibility Difficult Over the road modes of transit include much more than many shippers realize.
Diesel fuel is often the second highest expense for motor carriers after labor and can be as much as 20% of total operating costs. Not only is fuel an expensive commodity for companies to purchase, it also has huge implications for the environment. Related WhitePapers & eBooks. Download Now! Download Now!
Sourcing & Procurement. Cloud & Big Data. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. WhitePapers. |. cities with these lockers in-place are located in states that already collect sales taxes for online purchases. Business Process Outsourcing. Customer Service.
As reported by The Verge , Walmart’s ongoing battle with Amazon for the retail crown is expanding well beyond retail, and it’s forcing one of the largest companies in the world to reexamine its DNA. Related ‘Last Mile Delivery’ WhitePapers. More SC24/7: “Last Mile” WhitePapers.
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