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The manufacturing skills gap, which we first defined here , is a real threat to the future of the U.S. economy. More skilled workers are retiring than ever before, up to 10,000 baby boomers daily. As a result, the manufacturing industry will face a shortage of nearly 3.5 million jobs within the next few years explains Deloitte, and the problem will only get worse from there.
Uber Freight: Another “Uber-for-Trucking”? By Zvi Schreiber, CEO of Freightos. “Sometimes you’ll be out on the highway, you see two giant trucks loaded up with logs, and they pass each other on the highway… I don’t understand that. I mean, if they need logs over there… and they need ‘em over there, you’d think a phone call would save ‘em a whole lot of trouble.” Brian Regan , Comedian.
There has been a lot of discussion about whether the Uber model can transform the freight industry. But the technology startups focused on international shipments – ocean or air – are quicker to embrace comparisons to other large tech platforms like Priceline, Orbitz, or Expedia. Max Lock, the CEO of Fleet Logistics, said we don’t offer an Uber style marketplace, because Uber transactions occur quickly and show up very quickly.
Whether you are the CEO of an expanding corporation or the owner of a fledgling enterprise, its fortunes are subject to an undeniable truth. The success of your business is inextricably linked to the performance of your supply chain. If you want business success (and who doesn’t?), you have to make your supply chain successful too. In order to validate the statement above, it’s helpful to have some statistics to consider.
Product lead time is crucial in the life sciences industry and represents a key consideration for customers’ purchasing decisions. For this reason, BD Biosciences aimed to optimize its global supply and distribution network to reduce delivery lead time to customers and optimize its global inventory. How was BD Biosciences successful in reducing global distribution lead times between 30% and 60% in addition to: Increasing agility to prioritize urgent and ad-hoc customer requests Increasing global
In today’s day and age of social media marketing, the race to gain trust among potential customers is anybody’s game for the taking. One of the ways you can set yourself above the competition is to establish yourself as a company who cares. As you up value-added posting on your site blog, Facebook and Twitter accounts, better your products and deliver pristine service, you can also show that you care about the greater community by a little social consciousness–and this can include choosing
In an economy where consumer shopping habits are shifting more towards e-commerce, the state of warehousing is changing. Distribution companies have to adapt to the trends, and it is having an interesting effect on several components of the industry. How is the warehouse industry changing to accommodate e-commerce? 1. Geographical changes. Interestingly, the surge in online shopping has affected what makes an area a prime location for logistical hubs, especially across the East Coast.
In an economy where consumer shopping habits are shifting more towards e-commerce, the state of warehousing is changing. Distribution companies have to adapt to the trends, and it is having an interesting effect on several components of the industry. How is the warehouse industry changing to accommodate e-commerce? 1. Geographical changes. Interestingly, the surge in online shopping has affected what makes an area a prime location for logistical hubs, especially across the East Coast.
Editor's Note: In honor of Mfg Day 2016, we feature two of our friends from The Rodon Group and Manufacturing Stories in a celebration of what already makes America great. Edge Factor Releases new Film, American Ingenuity for MFG DAY 2016 – #MFGDay16. The echoes of the spirit of innovation ring all around us. Since the dawn of time, human beings were set apart from all other creatures by our ability to create, to form, to manipulate the natural resources around us in the quest to survive and in
What is it about lithium batteries that makes them so effective at powering the world around us? What is it about them that classifies them as Dangerous Goods? This infographic takes a quick look at the remarkable technology behind these high-energy power sources and offers tips for ensuring safe and compliant shipping. Source: LabelMaster. Related Training Programme: Handling of Lithium Batteries by Air.
As consumers’ preferences shifted toward more nutritious foods, PepsiCo purchased companies in this food segment. But this segment has a much more complex supply chain. PepsiCo had to take a new approach to supply chain resilience.
Fruit and vegetables, fish, bread, packaged salads, fresh meals; so many consumer products rely on supply chains that can bring perishable goods to retailers’ shelves quickly, and in the best possible condition. This article provides an inside look at today’s fresh supply chains around the world, and at how smart producers and retailers meet cool-chain challenges , especially as those chains increasingly span global distances and competitive markets expand.
High turnover isn't just inconvenient—it's costly. U.S. logistics businesses lose thousands in training, productivity, and morale every year, with an average quit rate exceeding 27%. Remote-Insourcing changes this reality. Remote-Insourcing seamlessly integrates dedicated, remote professionals into your team, significantly reducing turnover to under 4%.
Industries with a need to ship especially sensitive products must conform to higher operational and safety standards, and keeping up with regulations and duties is a full time job. The right logistics partner within the nutraceuticals and beauty industries will have the experience to watch for pitfalls and the creativity to work around new concerns.
New Changes in Rate Management for Ocean Freight How will you handle the new freight rate dynamics with the new ocean container line mergers and alliances?
An article published in the Wall Street Journal on September 1st claims that the number of unfilled manufacturing jobs is the highest it’s been in 15 years. Why? Apparently, many workers no longer possess the skills to perform today’s manufacturing jobs. How can Computer Integration remedy this? . An excerpt from the aforementioned Wall Street Journal article highlights a chroni c problem plaguing modern manufacturing operations … computer integration on the manufacturing floor and the loss of j
When it comes to the construction industry, the workflow factor is important because it will impact your bottom line for better or for worse. You need the sort of tools and strategies that will help you to optimize construction site workflow so that you can focus on what you do best without having to be concerned with issues relating to materials logistics.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
While Amazon has gotten a lot of press surrounding the possibility of using drones to deliver goods to customers, current regulations make that all but impossible. But that does not mean drones are not in use. Some of the biggest application areas for drones include agriculture, mining, land surveying, media and entertainment, and inspecting infrastructure such as roads, bridges, buildings, cell towers, wind turbines, pipelines, and power lines.
If you are a company CEO, this article is for you. If you a senior supply chain manager, director, or leader of one of the functions touched by the supply chain, it’s for you too, as long as you have the ear of your company’s CEO. What you are about to learn is vital for the long-term success of your organisation. These are the essential facts that every CEO should know about the supply chain —the lifeline for a business and its customers.
Repeat customers are a key foundation of any business. Yet the present world seems to turn on a dime, with new internet based companies popping up on a daily basis. Here are three ways to ensure e-commerce customer retention in these modern times. Interactivity. Social media is now a dominating force in nearly every industry. Twitter, Facebook, and other platforms enable people to communicate at light speed.
Supply chain management is a field where Big Data and analytics have obvious applications. Until recently, however, businesses have been less quick to implement big data analytics in supply chain management than in other areas of operation such as marketing or manufacturing. Of course supply chains have for a long time now been driven by statistics and quantifiable performance indicators.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
More manufacturers are turning toward vocational training and apprenticeship programs to help close the skills gap. According to The Huffington Pos t, a wide variety of apprenticeship programs focus on construction and manufacturing, creating a largely untapped resource of new skilled labor that manufacturers could easily access. However, some manufacturers will continue to avoid vocational programs in the interim, but they should consider the following ways vocational training will be a major p
If your business needs to ship internationally, you no doubt realize that costs can add up over the course of weeks, months and years. Since international shipping is a necessity, however, you can’t merely neglect this aspect of your business to save money. Instead, you need to come up with ways to minimize costs. With that said, here are 5 ways your company can reduce international shipping costs.
There are as many ways to approach corporate social responsibility as there are companies. But a key driver is almost always focusing on the issues that could be most injurious to that company’s brand equity. For large apparel and retail companies, the treatment of labor in sweat shops in third world countries presents a critical set of issues. This article discusses new crowd sourcing apps that could allow brand owners a tool to better protect their reputation.
Given that hospitals and other healthcare facilities exist only to provide care to patients, it can come as a surprise to know that supply chain cost is typically the second largest expense such facilities incur, exceeded only by the cost of labour. Perhaps even more surprisingly, efforts to reduce healthcare supply chain costs were slow to gain momentum, at least compared with the inroads made in other industries.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Regardless of industry, your direct sales supply chain needs to adapt to the globalization of the economy and the subsequent change in consumer behavior and technology this brings. The door to door salesman is quickly being replaced by the immediacy and indirect selling techniques of social media and online conferencing. As a company scales, the business that is generated turns into concerns of inventory, scheduling, and transport.
The third-party logistics industry has experienced unprecedented growth over the last couple of decades. This growth means that businesses have more options when choosing 3PL companies that can deliver products on time and offer value-added services. Before you select a 3PL to help your apparel business reach its goals, you should consider how these three features will affect the services you receive.
Editor's Note: This is a blog from our friend Augie Grasis who shows us how big data can work to our advantage with dynamic freight pricing. One of the big buzzwords in many industries is “Big Data.” Whether you realize it or not, the collection and use of customer and operational data affect a growing number of our everyday activities, whether it’s the type of coffee we are served at Starbucks, the ad we see in the sidebar of Facebook or the price we pay for an airline ticket.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Pool distribution as a store replenishment strategy is more relevant than ever because of decreasing margins and the need to move goods quickly to stores in reaction to changing consumer demand. Pool distribution is a great example of the power of the “network effect”, as it leverages numerous retailers and pool operators to substantially lower distribution costs and increase delivery frequency.
If you’re a supply chain professional, the tips and guidance in this post will probably not be new to you. On the other hand, if you’re a business leader who must try to juggle supply chain effectiveness with that of marketing, sales, or manufacture, the following sections highlight the supply chain basics that your company must get right in order to maximise revenue and profit.
Don’t rely on marketing shortcuts to grow your business. Instead, build a logistics marketing system for the long term. If you are the P&L owner of a logistics business, the absolute wrong question to be asking about marketing is “ How do we get leads fast?”. Instead, ask yourself: “How do we become known for those things we do best among the prospects most likely to buy our service?”.
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