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A 2023 survey by the International Trade Centre found that 73% of small and medium-sized enterprises identified regulatory compliance as a major barrier to international trade. Regulations such as the US Importer Security Filing (ISF) require companies to submit additional documentation to ensure cargo is safe for transport.
But, keep in mind it is documented that most of our infrastructure was built using the temperature records from the mid-20th century. In 2017, a study assessed extreme climate impacts on infrastructure in Europe. Project cargo weight on these possible compromised roads and railways should be a concern even with DOT route surveys.
The global shipping industry heavily relies on accurate and timely documentation, such as the Bill of Lading (BOL), to transport an astounding 11 billion tons of cargo annually. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses. million per event.
2020 threw at us a potent concoction of virulent market conditions including a pandemic, skyrocketing freight rates, reduced availability of space and equipment on container ships, unprecedented demand and port congestions along with the usual documentation and visibility issues that we have been facing for years. Take the survey.
The following five mini case studies explore a few high-profile companies that have managed to sustain their supply chain cost-reduction efforts and keep expenses under control. The Path to Cost Reduction: As in a number of the studies we’ve explored here, technology played a large part in solving Sunsweet’s problems. Sunsweet Growers.
The report found that 59% of companies surveyed accelerated the pace of innovation investment and deployment over the last two years. Moreover, 65% plan to increase their technology spending over the next two years; however, 87% indicated they still face internal inhibitors to supply chain and logistics innovation.
Serving as a panelist for both the CSCMP State of Logistics Report and the 2020 Third-Party Logistics Study sessions will be Joe Carlier, senior vice president of global sales. Andy Moses, the company’s senior vice president of global products, will speak at the CSCMP Young Professionals survey session. 2020 3PL Study, September 16.
Experts from North Carolina State University and GEP conducted a survey on supply chain, procurement and IT leaders to determine their challenges and priorities, focusing on examining gaps in the supply chain. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue.
The Content Marketing Institute (CMI) has released the results of its annual manufacturing content marketing survey, and there have been some big changes since last year. In fact, CMI has been conducting the survey among manufacturing operations for the last four years, and never before have the results indicated such progress.
In an era where technology is continuing to migrate consumer spending habits online and away from brick-and-mortar stores, the newly released 2019 Third-Party Logistics Study (#3PLStudy) highlights how supply chains are also going digital and using science to keep pace. The publication, available at no cost at www.3PLStudy.com
The seven industry bodies dedicated to container safety, collaborating as the Cargo Integrity Group, highlight an independent study carried out by researchers at Italian University Politecnico di Torino into shipper and forwarder application of the CTU Code.
A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. But we’re also seeing many of the supply chain industry’s biggest digital pioneers displaying real moxie in recognizing the opportunity in front of them. Reduced working capital.
Only four-in-10 pharmaceutical decision-makers surveyed in Zebra’s Pharmaceutical Supply Chain Vision Study said they completely trust the entities within the pharmaceutical supply chain to keep medications safe and uncompromised throughout the supply chain.
Studies have shown that effective project planning leads to improved performance. This still holds true with 45% of survey participants citing inconsistent practices and processes across teams as one of the top challenges in adopting project management implementation. And with each project, you can continuously improve.
Nashville, TN — In an era where technology is continuing to migrate consumer spending habits online and away from brick-and-mortar stores, the newly released 2019 Third-Party Logistics Study (#3PLStudy) highlights how supply chains are also going digital and using science to keep pace. The publication, available at www.3PLStudy.com
They got those documents quickly, and then got them in the hands of all employees and suppliers in 24 hours. In last year’s Mutli-enterprise Supply Chain Network study (this year’s study won’t be published until the end of September), the two main suppliers of this type of risk management solution were Resilinc and riskmethods.
Studies show that speed is crucial when responding to leads, with the highest closure rates being attributed to businesses that respond to leads in five minutes or less. Studies cite that the odds of sealing the deal plummet by up to 99% by the time half an hour has gone by.
Our team recently concluded an industry study of Customs broker competency in HS classification. In many of the brokerages included in our study – the average was 1.2 A brief note on how this survey was conducted. It is not recommended to take this survey as an accurate reflection of industry standards.
Also at the meeting, TIMCON launched its annual UK Wood Pallets & Packaging Market survey for 2020, which it publishes jointly with the Forestry Commission. The latest study showed a 1.5%
In a survey of 54 senior executives, only about one in four believed that the processes of their companies balanced cross-functional trade-offs effectively or facilitated decision making to help the P&L (profit and loss) of the full business.” Mr. Sorenson has studied integrated business planning for many years.
Expedited Freight Questions Answered Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 10, 2023 Whether your organization uses expedited freight shipping every day or occasionally, it pays to understand how to use these services as effectively as possible.
Shipa Freight’s global study of 800 SMEs from developed and emerging markets shows that smaller companies are remarkably upbeat about their ability to expand through trade. Eighty-nine percent of exporting SMEs surveyed say their export revenue will grow over the next three years. About the study.
The study found that 41% of respondents were investing in automation at a faster clip in response to the crisis, with another 43% of business leaders saying they will speed up investments in digital and technology once some normality has returned. Well, the digital supply chain is the ideal way to tap that value by digitizing documents.
Serving as a panelist for both the CSCMP State of Logistics Report and the 2020 Third-Party Logistics Study sessions will be Joe Carlier, senior vice president of global sales. Andy Moses, the company’s senior vice president of global products, will speak at the CSCMP Young Professionals survey session. By “Move Ahead” Staff.
Research studies consistently indicate that well-designed corporate incentive programs can significantly boost job satisfaction, performance, commitment, engagement and trust in management. Track and document any changes observed in these metrics to provide an objective assessment of the program’s impact.
A recent study focused on identifying the impact of supply chain glitches on over 800 companies over a nine-year period. 6) Do you have a clearly documented supply chain strategy in place? But first, let’s briefly explore why a company’s supply chain is so important. Supply Chain Impact on Shareholder Value.
Once again, the insights you draw from thoroughly documented and clearly displayed data allow you to take action toward improving your bottom line and making your business more efficient.
There have been many studies and horror stories about the accuracy of freight invoices and seasoned professionals acknowledge that the invoice mistakes are there – some citing error rates as high as 20%. Blockages in the payment pipeline are often due to discrepancies in the invoices and supporting documents submitted.
Building the Smarter Warehouse: Warehousing 2020 This online survey asked IT and operations personnel in the manufacturing, retail, transportation, and wholesale market segments to share their insights and business plans over the next five years, in light of a rapidly changing industry. Download Now! Download Now!
While the reasons for delays, mismanagement of documents, and the inability of providing timely updates on shipments may be genuine, if these mistakes occur too often and become a pattern rather than the exception then it is time for a shipper to make the switch quickly. The same applies to document management and exception handling.
Among the report’s key findings was that forwarders that quote manually took 57 hours on average—an improvement on previous surveys, but still 20th century performance. Furthermore, 72% of those forwarders surveyed failed to quote, thereby missing out on digital business. Suspicions confirmed. “At
The best way to accomplish this is to first study all the details about the machine and to know all the special requirements for certain types of machinery. In addition, a route survey is needed to check for any obstacles that may be encountered along the route and to allow time to prepare for any kind of challenges that can occur.
Data from the National Science Foundation’s 2015 Survey of Doctorate Recipients reveals an unemployment rate for science, engineering and health (SEH) Doctorates is 1.78%, compared to the national average of around 4% at the time. We’ve created a simple three question survey to gather some insight into this issue and it takes only a minute.
Her newest report Resolving the Blockchain Paradox in Transport and Logistics points to the fact that 88% of the people who responded to her survey say that blockchain will disrupt the industry, yet nearly three-quarters (74%) say that they’re exploring opportunities only superficially or haven’t thought about blockchain at all.
Over the first ten months of 2018, Brazil’s GDP rose by around 1.3%, after one of its longest recessions in history, and according to a Central Bank survey of economists, this should edge up to around 2.5% In the wider economy, positive signals can be seen. by the end of 2019. In addition to vehicle transport, it offers 1.8m
Referring to the three largest European container carriers’ commitments to DCSA (standardization protocols), TradeLens (document sharing) and Traxens (real-time container shipment visibility), SeaIntelligence Consulting’s Lars Jensen concluded they have, “decided that now is the time to accelerate the digital transformation of the industry”.
of all work orders surveyed, the biggest category of reported issues was leaks. Travel and lift issues came in second among surveyed work orders, at 15.18% of complaints. In fourth place were starting issues, at 12.89% of our survey sample. Error codes and check engine lights came in next, with 6.21% of surveyed issues.
As it is with most problems there is a lack of a clear and concise definition, according to an MIT study which conducted a survey of the apparel industry only to find wildly different results. The study showed that consumers place a higher value in a company that can prove the ethical treatment of their workers.
“Although a number of surveys show consumers say they want sustainable products, only a small percentage of them are actually willing to pay more to buy sustainable products,” Sheffi notes.
There will be a document to refer to at any time by any one who needs clarification.
Najma.
“The dire predictions that robots are going to take our jobs are overstated,” said Susan Lund, co-author of the study for McKinsey, adding “There will be enough jobs for everyone in most sectors.” There will be a document to refer to at any time by any one who needs clarification.
To illustrate the application of cost to serve, two brief case studies are taken from very different industries. Applying Cost to Serve: Case Studies Orica Mining Services (OMS) provide explosives and related services to the mining industry. This document described how the costs were to be distributed in the model.
The 26 th Annual Third-Party Logistics Study – sponsored by NTT Data, Penske, and Penn State – was released a week ago. The report is based on surveys of shippers and third-party logistics (3PL) providers – there were 345 respondents – as well as interviews with subject matter experts. This is a report I read every year.
Shipper demands, customer expectations, and third-party logistics (3PL) capabilities are increasing as the supply chain is pushed to the forefront, notes the 2018 Third-Party Logistics Study. More than half of American companies were affected by the tariffs with China, finds AsiaInspection’s mid-year survey. Most Popular.
Blockchain digitalisation introduces a new concept of offering shared documentation and transactional data to the stakeholders engaged in a shipment, while “blocking” outsiders from manipulating or altering key data. A cloud-based solution is the best channel for shared documentation.”
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