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
According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. They prepare equipment for maintenance, do isolation (disconnect a piece of equipment from the flow of chemicals by closing valves), look at quality or reliability metrics, and do rounds.
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.” Financial insight feeds into equipment purchasing decisions. Request a SONAR Demo.
Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. As supply chains have grown in complexity and length, siloed thinking and processes are no longer able to meet this objective.
A recent survey forecasts that retail sales will soar to $32.76 BORIS – Buy Online Return In Store BORIS is another omnichannel fulfillment model where consumers can return their previously purchased online orders at nearby physical stores. Read Also: FMCG Sales Beat – Insight Report 23.
Did you know that 93% of consumers say that online reviews influence their purchase decisions? Referrals One of the first things consumers do when making a big purchase is ask friends and family for recommendations. That’s a mind-blowing statistic. Why are other people’s opinions so darn important to us?
Rising online purchases over the past few years have increased the need for LTL. So, to learn more about these challenges and how companies are addressing rate increases, capacity restraints, and other issues, we sponsored a survey. More than 67% of those surveyed experienced LTL cost increases of 5-14%. Whitepaper.
As further reported by DC Velocity , “Pennsylvania-based omnichannel technology provider Radial surveyed 1,000 consumers across the United States about their 2020 holiday shopping plans and found that, despite the pandemic, most do not plan to change their spending significantly or shop earlier compared to 2019. It is that simple.
While the industry has been undergoing a digital transformation for some time, the current environment is accelerating the need for supply chain leaders to invest in technology solutions like visibility, artificial intelligence (AI), and predictiveanalytics to drive better resilience, agility, and performance.
Rising online purchases over the past few years have increased the need for LTL. BlueGrace Logistics sought to learn more about this dynamic and teamed up with FreightWaves to survey shippers about the state of the LTL market and their approach to LTL shipping in today’s environment. The Logistics Blog®. Whitepaper. Case Study.
According to McKinsey’s latest consumer pulse survey, Spending in March 2020 was down by 18% as compared to two years later. To provide consumer experiences for your online shoppers after they make their purchases, click here. Schedule Demo. Talk to Our Experts. What to anticipate during year-end festivities?
Researchers, like Drewry, see freight digitalization hitting the sales process first , reducing the cost of sale. Pioneers may lack coverage (for now), according to a Transport Intelligence mystery shopping survey, but this will soon change. Freight digitalization will reduce their cost to sell and serve.
Last-mile reverse logistics determine the post-purchase customer experience and brand loyalty. A survey in 2021 mentioned that of the distance traveled by all carriers in the US, 20.6 So, how do you take orders back to the sorting center without incurring extra costs to the logistics service provider or retailer?
A surveypredicts that e-commerce sales in India will hit the $100 billion mark for the first time in 2023. If you deal with delivery exceptions as an opportunity to improve post-purchase customer experience, it helps you get back your customers. Schedule a Demo. Source: [link].
Not only this, 62% of online shoppers in the US say delivery speed is what makes for a good purchase experience. Steep shipping costs: According to a survey , 2,000 US retail shoppers say that the top cause (58%) for cart abandonment is high shipping costs. Schedule Demo. Talk to our experts!
The typical 24-hour online sale was extended to 11 days, reporting about 200,000,000 global transactions. A growing number of customers want to truly make a difference and are becoming careful about their purchases. Schedule a demo now ! Strict regulations and a renewed focus on sustainability. Share and Enjoy !
According to the 2023 InMobi Festive Season Report, 84% of Indian consumers revealed a spike in their online shopping budgets compared to just a year ago. Additionally, a comprehensive report from Ernst and Young showcases that a noteworthy 31% of Indian consumers place experience at the forefront when deciding where to spend.
It may not require upfront capital investment but it has to deal with rising average delivery cost per order as it’s business requirements increase. Accountability The accountability of the workforce is higher for in-house fleets as they directly report to you. Schedule a Demo. Makes communication efficient. Conclusion.
Back in 2013, in a survey of 250 supply chain executives, more than half of them reported picking error rates of 3-4%, with each mistake costing the company an estimated $22. Contact ShipMonk today for a tour, a software demo, or a quick chat about scaling your business for the future. But let’s take a look at accuracy.
Everything from your grocery delivery in a matter of minutes, to the television set you purchased online that was delivered with utmost care is an example of efficient last-mile delivery. According to this news report , 65% of US consumers said they would pay more for faster deliveries that were more reliable. Schedule Demo.
The survey conducted by MetaPack highlights that more than 90% of customers consider delivery a crucial factor when making online purchases. Another survey by Deloitte found that 63% of consumers are willing to pay extra for same-day delivery. There’s also a growing trend of customers prioritizing fast delivery options.
A survey forecasts that there will be a driver shortage of 97,000 by 2023. Coupled with a rise in operational costs, hiring, training and managing drivers has become arduous for businesses. Coupled with a rise in operational costs, hiring, training and managing drivers has become arduous for businesses. Schedule Demo.
In a recent global survey of 31,040 shoppers, 41% said they wanted to receive the product within 24 hours, and 24% wanted to receive their orders in less than two hours. This hybrid model approach is suitable for companies prioritizing flexibility in order fulfillment.
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