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Five ways to make sure the LTL and FTL capacity crunch doesn’t hit your company where it hurts. With transportation costs making up anywhere from 10-12% of the average company’s cost of goods sold, the capacity crunch, driver shortage, and booming national economy are making it difficult for shippers to maintain profitability. This issue is hitting full truckload (FTL) and less-than-truckload (LTL) shippers especially hard right now, and it’s not relegated to any specific carrier or region.
Last Mile Delivery is one of the fastest growing, and most difficult, areas in logistics. When you consider that last mile deliveries can account for nearly 30 percent of total delivery costs, and that you can win or lose a customer for life depending on a good or bad delivery experience, its importance cannot be overstated. What does it take to create a great customer experience in last mile delivery?
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Each year, the world’s most popular dictionaries make headlines when they announce their latest additions. (And in case you’re curious, some of this year’s winners included hangry and mansplaining.). It’s a huge reminder that our day-to-day vocabularies are constantly evolving – and that it’s always a good idea for everyone to be on the same page about what a commonly used expression means.
Blockchain explores more and more industries every day. Due to a popularity of Bitcoin , this technology has already demonstrated countless opportunities for the financial area. Entrepreneurs from many other industries are trying to use the blockchain technology in other areas, and the window of opportunities looks impressive. The main advantage of blockchain is its transparency and ability to optimize ecosystems of digital information.
Blockchain explores more and more industries every day. Due to a popularity of Bitcoin , this technology has already demonstrated countless opportunities for the financial area. Entrepreneurs from many other industries are trying to use the blockchain technology in other areas, and the window of opportunities looks impressive. The main advantage of blockchain is its transparency and ability to optimize ecosystems of digital information.
I haven’t attended an industry conference over the past year, or participated in a client meeting, where blockchain — along with artificial intelligence (AI) and machine learning — hasn’t been part of the conversation. In fact, at one conference this spring, after delivering a keynote presentation that had nothing to do with technology, the very first question I received from the audience was “What do you think about blockchain and its potential in supply chain management?”.
There are roughly 600,000 children are in the foster system—one out of every 184 children—and more than 20,000 age out each year. Grant Me Hope is moving to change these statistics.
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
That's right. A mid-July haul from Spokane, Wash. to Key West, Fla. fetched that princely sum. That doesn't include a fuel surcharge equal to 22 percent of the rate.
As international trade becomes dispersed through global value chains, small disruptions to a supply chain can spread rapidly to other countries and regions. A more advanced economy translates to better trade logistics. That is the conclusion of a report, “ Connecting to Compete,” from the World Bank Group. The report, which contains the Logistics Performance Index (LPI), is a bi-annual report that scores 168 countries on how efficiently supply chains connect firms to domestic and international o
There’s a lot of talk these days about the digital supply chain, including what it means and why it’s important. Two questions that always seem to come up in these discussions are “What’s the value of digitization?” and “What’s the business case for it?” I explored these and other related questions with Gary Barraco, Director of Global Product Marketing at Amber Road , in a recent episode of Talking Logistics.
This article, written by Mal Walker , Manager at Logistics Bureau, was first published in the January / February 2018 issue of MHD Supply Chain Solutions. The 7 Key Warehouse Processes. Are all warehouses the same? Short answer: no, but yes! This contradiction in terms is probably best explained by the Thai phrase; ‘Same, same, but different’ This phrase is used widely in Thailand to explain to naive tourists (such as myself) the similarities between one product and another.
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Theoretically, a vehicle that has covered more miles has more wear and tear, but a truck that’s been driven less can easily be in worse shape than one that’s been driven more.
Product and service innovation, driven by digital technologies, is key to gaining extra value from new product introductions. One particularly interesting development is the emergence of modular plants. Forecasting a NPI can be very difficult. Modular plants help companies to scale economically. The post Innovating Production and Supply Networks to Increase Value from New Product Introductions appeared first on Logistics Viewpoints.
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However, a new study shows that the deterioration in receivables is masked by a significant slowing of payments to suppliers. The 1000 largest non-financial companies in the U.S. significantly improved their ability to generate cash in 2017, producing the strongest working capital performance since 2008. However, their ability to collect from customers and manage inventory actually both deteriorated, masked by a significant increase in the time companies take to pay suppliers, according to the l
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There were 94 total losses reported around the shipping world in 2017, down 4% year-on-year -- the second lowest in 10 years after 2014. In 2017 the downward trend of large shipping losses continued, according to a new survey, Allianz Global Corporate & Specialty's (AGCS) Safety & Shipping Review. Looking at the past decade the decline was 38% globally.
The manufacturing challenges in 2018 were evident. It’s an important sector to both current and emerging markets. These are the most commonly faced manufacturing challenges to the industry in the US in 2018. 1. Manual handling and safety Manufacturing can be a dangerous industry, and it’s vital that manufacturers are aware of health and safety regulations.
With this long-term supply agreement, Jacobs and Hino continue their long-standing relationship which began in the early 1990s when engine brakes were first installed on Hino E13C engines.
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