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5000 developers are working on product enhancements and extensions to the SAP spend management suite. With that level of investment, one would expect an aggressive product buildout. At SAP Spend Connect Live, held October 14-16 in Las Vegas, SAP did make several significant product announcements.
Short-haul volume growth shines a light on current trucking trends. Understanding freight trends from the beginning of the supply chain all the way through to delivery is important for all parties involved. The current trends in maritime shipping data suggest increased shipment delays and further inflationary pressures on rates.
This week, learn how freight market participants are predicting shifts in the freight market that may occur with changes in retail sales trends using the SONAR index, Retail Sales with the ticker name of RESL. The RESL index is a monthly measurement of retail sales trends provided by the U.S.
According to EFT’s Supply Chain Hot Trends to Watch for in 2019 , one of the most significant trends that we should be paying attention to this year is automation. Judging by the speed with which the industry embraces new technological trends, there will undoubtedly be some obstacles to overcome before it becomes prevalent.
Online g rocers , on the other hand, are struggling to fulfill orders as demand for food and other essential products surges. Study 2: Inspect Demand Trends . Using Demand Forecasting Navigator to Study Demand Trends. Demo in Network Design Navigator . The volatility we’re seeing is unprecedented.
For the most part, the retail market for fresh foods thrived throughout the pandemic, according to the Supermarket News 2021 Fresh Foods Trends Report. As one respondent said, “COVID just woke us up to a trend that had already been occurring. Download our ebook now to learn more, then schedule a demo with us.
This “SONAR highlight reel,” which we publish every other week, is intended to concisely hit data highlights and trends in truckload, intermodal and maritime. Spot rates continue to rise as freight flows to the spot market – particularly on the West Coast. Request a SONAR Demo. Request a SONAR SCI Demo.
Yesterday, we talked about delivery of a product,” Hughes added. Today, delivery is the product.”. It’s the reason why more than 300 people attended this year’s Shipper Symposium: to learn about the trends shaping the industry and to discuss how to rewrite the rules for success moving forward.
Empty miles mean that a freight spends time on the road while not transporting any product. Recognize market volatility trends and their impact on replenishment lead time Another beneficial action to boost efficiency with freight management comes from the recognition of market volatility trends. Request a SONAR Demo.
True transportation cost analysis goes well beyond benchmarking to analyze, monitor and forecast trends that can be used to the shipper’s advantage. A trend that continues among shippers nationwide is better monitoring and utilization of analysis within the supply chain. Request a SONAR Demo. Consider this fact.
Full truckload (TL) and less-than-truckload (LTL) are popular methods that shippers use to move goods and products from one point to another. To survive trends like these and to cut costs as much as possible without cutting quality or losing capacity, changes must occur. Request a SONAR Demo. Request a SONAR SCI Demo.
As the holiday shopping season reaches its peak, ecommerce business owners everywhere are crossing their fingers, hoping they have enough product in stock and that they didn’t order too much. In truth, demand forecasting, or estimating how much product you’ll sell in the future, is one of the toughest challenges for any ecommerce business.
As reported by the Uber Freight Blog , these surround the “predictability of your supply chain, including the individual trajectory of your business and industry, and fixed production, storage, and fulfillment needs. Onboarding new lanes more rapidly to ensure these routes’ rates are more aligned with other general trends.
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. This comprehensive coverage contributes to higher crop yields and improved production quality. This approach helps sustain biodiversity and supports long-term agricultural productivity.
According to 9News , over 250,000 brands were a part of the event, with 5 million online retailers offering 16 million products to customers. Trends likely to drive Singles’ Day sales. Supply chain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game.
This not only provides versatility but also aligns with the growing trend of personalized delivery experiences, enhancing customer satisfaction and loyalty. By outsourcing logistics capabilities through DaaS, businesses can focus more on their core competencies, such as product development and marketing. Start Using RouteManager!
And supply chain leaders need to know a few things about how these advancements impact supply chain intelligence, particularly efficacy and productivity. . Yes, AI and machine learning build on algorithms to isolate historical trends and derive a likely transportation rate. All supply chains want efficiency and productivity gains.
Managing delays and delivery exceptions successfully Minimizing risks in shipping and saving money on every delivery Reducing operational shipping expenses and maintaining high profits Maintaining consistency in delivering products on time Cutting down extra costs incurred due to high volume of returns. Schedule a demo with Locus!
For many companies, this means there must be open and transparent communication lines with both sales and production management teams. A sudden mid-year production change, whether in the local area or on the other side of the country, can potentially have a tremendous impact on transportation budgets.
Schedule Demo. The post In Focus: Emerging Medicinal Delivery Trends in Egypt and the Middle East Featuring Vezeeta appeared first on Locus Blog. Needless to say, e-pharmacy is changing the way medicine is being delivered. Sources: [link] [link].
However, it is even more critical for global shippers that rely on port and ocean shipping lines to secure products. Increased insight into market conditions helps with freight spend management Freight market conditions and trends greatly affect all methods of shipping and transportation. Request a SONAR Demo.
Retail delivery solutions continue to change to keep up with market trends. Overall productivity improves with reliable access to last-mile delivery and vendor management. One rising trend is the continued focus on pharmaceutical and other temperature-controlled freight transportation. The Logistics of Logistics Podcast .
As a result, carriers found themselves at the heart of an in-demand crowd with finite capacity resources, facing a growing carrier trend for more and faster service. Offer realistic rates to your drivers The next step to increasing trucking network profitability can seem counter-productive. Request a SONAR Demo.
As discussed on More Than Shipping as it relates to container backup in the ports of Long Beach and Los Angeles, demand across all sectors has fallen in latter half of 2022, resulting in minimal product backups at U.S.
And competitive pressures and benchmarking results will also add to the need to reduce costs and/or be more productive.” Market volatility insight presents value to carriers that learn to recognize how trends lead to challenges and why those challenges represent opportunities for improvement. Request a SONAR Demo.
Remember, the goal of any logistics strategy is to deliver your customers the right product, at the right quality, at the right price, at the right time, in the right place – while spending as little money as possible.” Request a FreightWaves SONAR demo by clicking the button below to get started. Request a SONAR Demo.
Include data on industry trends, growth projections and customer demand. Services and Products Here, you’ll outline the services you offer. GET A FREE DEMO The post Create a Winning Business Plan for Your Delivery and Transportation Business In 8 Steps appeared first on WorkWave. through 2027. Research is key here.
What’s driving the change in ocean shipping and how does SONAR help shippers see the trends The import boom appears far from over, and it will have implications long after this wave of unprecedented orders subsides. If production centers move away from Asia and into other parts of the world such as the U.S., Request a SONAR Demo.
More Resources Home June 11, 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.
As further explained by Grainger , “Big Data gives businesses the ability to monitor products with laser-like focus as they move through their supply chain in real-time. It includes the percentage of orders that contain the right product, are shipped with the right freight carrier , and arrived at the perfect time. It is that simple.
The objective of stock optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible. Therefore it’s important to invest money in products that will sell so you can optimize inventory turnover and warehouse space. Know your star products!
However, as regulations begin to get lifted and things are trending back to normalcy, the industry is starting to regain that lost ground. Inconsistencies in temperatures have a considerable effect on the quality of products, ultimately leading to receiving rejections. Request a SONAR Demo. Request a SONAR SCI Demo.
Online g rocers , on the other hand, are struggling to fulfill orders as demand for food and other essential products surges. Study 2: Inspect Demand Trends . Using Demand Forecasting Navigator to Study Demand Trends. Demo in Network Design Navigator . The volatility we’re seeing is unprecedented.
Domestic transportation networks receive a great deal of attention, but shippers are having to make expensive decisions before products even arrive on U.S. As peak retail season approaches, shippers in the retail space are focused on guaranteeing that products arrive with time to reach shelves (or distribution centers).
In this edition of “SONAR Indices & Insights,” readers will learn about Lane Acuity Plus, the newest product app in the ongoing development of the SONAR SCI (SCI is an acronym for “supply chain intelligence”) suite of products. . Knowing the trends of the lanes can help widen their margins. . Request a SONAR Demo.
More Resources Home June 18, 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.
WMS products were not nearly as configurable then as they are today, so implementation timelines and teams were often larger. It takes repeated experiences talking with vendors, looking at their products and evaluating their organizations to understand some of the more subtle differences between them.
A number of fundamental changes to consumer activity, industrial production, housing starts, and federal stimulus are just a few of the major buckets that have driven one of the most significant nationwide levels of freight volatility. Request a SONAR Demo. Fill out the Form Below to Access a COPY of the White Paper.
It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supply chain. The decrease in logistics costs led 35% of importers to lower their product prices, possibly contributing to the easing of inflation rates.
Know ing what’s happening in ports and major international border crossings amounts to seeing the overall trends of product flows into and out of the U.S. Request a FreightWaves SONAR demo to get started today. Request a SONAR Demo.
Decreasing time wasted while idling and waiting will significantly boost productivity and profits; it amounts to more paid drive time. And if wait times do grow too long, carriers can turn to freight data to show general trends and bill detention charges accordingly. Customer demand fuels trends that govern the transportation industry.
A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024. Reverse logistics costs: Returns and product replacements significantly impact operational costs.
With the port congestion issues we have been dealing with in LA, and the lack of outbound and inbound shipments in Dallas due to recent weather trends, these signals are not surprising. . Here are three examples for how to use this product in real-time. Request a SONAR Demo. Talk long-term relationships with carriers.
This not only makes the process more efficient, but also reduces the likelihood of errors and enhances productivity. By aggregating and analyzing historical bid data, shippers can identify trends, benchmark performance and forecast future transportation costs more accurately.
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