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The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable.
Overcapacity Could Be Maersk’s Salvation … and Strategy. These two graphs explain why Maersk is splitting its shipping business, which is reeling from overcapacity; from it’s energy business, which is reeling from low oil prices: As Tolstoy observed, “each unhappy family is unhappy it its own way.” With floundering profitability at both businesses caused by very soft market pricing, Maersk has decided to give each unit full independence to choose and implement the r
The U.S. Food & Drug Administration (FDA) is, step by step, implementing new rules based on the Food Safety Modernization Act (FSMA). The goal of these efforts is “to protect foods from farm to table.” The rules fall most heavily on food manufacturers, but they also impact truckers. The deadline for the section of the regulations known as the Preventive Controls for Human Food began this week.
This month, we’re hosting a Data Visualization webinar with bestselling author Cole Nussbaumer Knafflic. Cole wrote the popular book “ Storytelling with Data ” and is also known for her blog. She’s worked at and with some of the most data-driven companies on the planet, including Google, Adobe, Genentech, JPMC, Target, and the World Bank.
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.
Marc Andreessen correctly observed that “today’s leading real-world retailer, Wal-Mart, uses software to power its logistics and distribution capabilities, which it has used to crush its competition.” Such is the case in smaller circles for many direct sales companies. Formerly successful businesses are finding themselves upended by competitors that have learned to reduce their costs of shipping.
There are more than 3.5 million truck drivers in the USA, according to the American Trucking Association. Each driver has unique needs and routes, but they all have a common goal of getting goods from one location to the next. With each new route comes a new challenge that can make driving more difficult, more boring, harder on the truck, consume more fuel, etc.
There are more than 3.5 million truck drivers in the USA, according to the American Trucking Association. Each driver has unique needs and routes, but they all have a common goal of getting goods from one location to the next. With each new route comes a new challenge that can make driving more difficult, more boring, harder on the truck, consume more fuel, etc.
American manufacturing has a long history, ranging from the creation of 95 percent of all clothing sold in the US in New York City, reports Highsnobiety , to startups designing mobile device covers and protectors, explains The New York Times. But, the distinction of “American Made” products is garnering attention in politics and the American people due to its sustainability, ethical superiority and “shop-local” taglines.
The 40% Hanjin Rate Spike Won’t Last. Trans-Pacific shipping rates peaked one week into Hanjin bankruptcy, hitting a 56% spike. Prices have since stabilized yet remain high, about 40% higher than before Hanjing filed for bankruptcy. But ocean liners aren’t rejoicing yet, as they know that these price hikes will likely be short-lived. Despite this brief respite, the shipping industry knows still has rough waters ahead, with the potential for shipping rates to fall below pre-bankruptcy rate
While robust parcel solutions offer workflow designed to prevent paying too much for a particular shipment, the workflows in the retail multicarrier solutions can be both more extensive and much more interesting. The Descartes Systems Group acquired a company called Oz DEVELOPMENT that is designed for small and medium sized retailers. Ken Wood, the Executive Vice President of Product Management at Descartes, explained that small and medium sized business may need to “touch multiple ecommerce [&#
Has your company discovered how to really turn knowledge into power? If not, you might be surprised at the many ways supply chain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. You don’t have to wait any longer to learn why supply chain benchmarking is increasingly winning advocates in the commercial arena.
This webinar will explore how companies can proactively address compliance risks–rather than reactively responding to–UFLPA enforcement actions. Ethan Woolley will provide insights into the latest CBP enforcement trends, entity list updates, and industries under increased scrutiny, with a look at potential shifts under the Trump administration. Ethan will also explore how predictive data and strategic due diligence can help organizations stay ahead of regulatory challenges and strengthen complia
“What has destroyed every previous civilization has been the tendency to the unequal distribution of wealth and power,” Henry George wisely stated. If you consider your company a civilization of its own, and you are struggling with the cost effectiveness or the process of your order fulfillment, then you can understand the politics of distribution.
Global Shipping Effects of the Hanjin Bankruptcy. Hanjin Shipping, a South Korean company and the seventh largest container shipper in the world, filed for bankruptcy on Wednesday, August 31, 2016, which has prompted significant questions and confusion around the world as to how this will affect global shipping. The company represents almost 8% of trans-Pacific trade shipments for the United States market, and now they have stopped accepting new cargo.
Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. 1.
LogTech Q3 2016: Rise Of The Tech Giants. The Freightos’ LogTech report is a free quarterly report focusing on major logistics technology updates in the sector. . SKIP TO FULL REPORT Amazon. Uber. Google. Alibaba. Together, the four tech powerhouses boast a market cap (including Uber’s private valuation) of about $1.29 trillion dollars. And they’re coming for logistics.
Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for
Even though the idea of launching drones from the roofs of delivery vans, is silly; Daimlers new van is impressive nonetheless. The idea of a car maker as a provider of a holistic delivery system that combines the vehicle, material handling hardware and special racking, and enterprise software is a very interesting. That, not drones, is what makes a true step forward in the automotive industry.
Published with kind permission of MHD Supply Chain Solutions Magazine. Uber this, Uber that… Ever since Uber reinvented taxi services by placing itself in between customers and private car owners, “uberisation” has become a craze. That doesn’t mean that everything will or even can apply the Uber concept, but it certainly doesn’t stop people from trying.
One of the best ways to improve your corporate bottom line is to get supply chain costs under control, and fortunately there are some pretty straightforward things you can do to achieve this objective. Before you get into a cost-cutting frame of mind, however, you need to understand where to focus because making the right cuts in the right areas will ultimately lead to the greatest returns.
This month, we hosted a Data Visualization webinar with bestselling author Cole Nussbaumer Knafflic. Cole wrote the popular book “Storytelling with Data” and is also known for her blog. She’s worked at and with some of the most data-driven companies on the planet, including Google, Adobe, Genentech, JPMC, Target, and the World Bank. She also works with organizations and individuals to help them become more effective data storytellers through workshops.
The global trade landscape is shifting. If President Trump’s proposed tariffs come into effect, they will impact your logistics in significant ways. Our free guide provides essential insights for consumer brands and manufacturers. It is crucial to understand what these challenges mean for your logistics operations, and more importantly, how to prepare.
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. In some cases, these conditions may be applied to all supply chain processes. However, each term covers a different portion of the supply. For example, transportation management often focuses on the journey of products after manufacturing.
Your brokerage may offer unmatched service, but keeping business afloat requires forward thinking. We started a tech-based brokerage startup last year, raised venture capital, and moved freight for high-volume shippers. Even though our technology proved to be immensely effective, we weren't catering to enough players in the industry, so we left the brokerage business to help other brokerages.
The Federal Motor Carrier Safety Administration’s (FMCSA) Electronic Logging Device (ELD) mandate, created to improve safety within the transportation industry, is currently the hot topic on everyone’s mind. ELDs synchronize with a vehicle’s engine to automatically record driving time for easier, more accurate hours of service (HOS) logging, which translates to greater safety on the road.
The e-commerce industry has gone through a lot of changes over the last decade. If you own or manage an online store, you'll want to learn more about how apparel currently acts as the driving force behind e-commerce success. What you learn could help you make smarter decisions that lead to more sales. Apparel Leads in E-Commerce Sales. Not surprisingly, electronics have traditionally been the most popular retail items sold online.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Improving your warehouse and distribution process isn’t necessarily as easy as it might sound since any course of action needs to take into account variables such as your products, staffing levels, scheduling and third-party vendors. What this means is that your first order of business is to figure out the things that impact your warehouse and distribution process in the first place so that you can then determine how to go about making the process more efficient, productive and profitable.
If you’re serious about continuous improvement and developing a best-in-class supply chain to serve your organisation, keeping your managers and workforce educated is paramount. Of course, many of your hires may come to you with a ready-made supply chain education, but perhaps not all of them and besides, there is so much that can only be learned and made sense of outside the confines of academia.
Editor's Note: Today's blog is a guest blog by our friends at 2 Flow. In this blog, they discuss everything you need to know about a 3PL business. What is 3PL? There are several definitions of 3PL. These include: . Third party logistics (3PL) is the function by where the owner of goods outsources numerous components of the supply chain to a 3PL company that can perform the management function of the clients’ customs, inbound freight, distribution, warehousing, order fulfilment and outbound fr
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Heico Sandee, CEO of Smart Robotics, explores how automation redefines warehouse culture. By shifting repetitive tasks to skill-based roles, automation improves safety, fosters collaboration, and makes warehousing more appealing to today’s workforce.
When Transportation Optimization and New Shopping Behaviors Collide One needs to go back to the early 2000s to see green shoots of modern omni-channel retail. While web-based e-commerce began in the late 90s, consumer and retailer appetites didn’t get whetted for omni-channel experiences until the early part of the last decade. Indeed, by 2002, Best Buy was saying more than half of its customers were checking its website before coming to the store.
Information technology services are necessary for nearly every business today, but not all apparel companies rely on IT as a primary part of their business. If IT is a secondary need for your company, you can save time, money, and resources by turning to an apparel third-party logistics (3PL) provider rather than maintaining your own in-house IT department.
Fleet Owner summarized the FTR Transportation conference with an article about the headwinds facing the transportation industry. They are real but they are what every business faces - uncertainty. That is what makes a business a business. Certainty is what utilities have. Usually the press out of this conference is designed to scare the shippers into paying higher rates than they need to but, at least within this summary, it appears they are becoming more realistic.
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