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Despite frequent discussions about AI’s potential impact on jobs, the majority of logistics workers are untroubled by automation, according to a recent YouGov survey commissioned by SafetyCulture. FedEx ’s AI-driven route optimization technology adjusts delivery routes based on real-time data, improving delivery times and fuel efficiency.
While studies show that consumers want sustainable products, only 5%-10% will actually pay a price differential for that,” Sheffi says. In many cases, devising ways to become energy-efficient involves activities that benefit the environment and simultaneously cut costs. Cutting energy costs is the poster child for this,” says Sheffi.
All companies and agencies above are heavily investing in technology and tools to deliver packages faster and more efficiently. Conducted across key trading regions, the survey gathered insights from 978 leaders, emphasizing the importance of robust global trade intelligence for competitive and compliant operations.
Adoption of the technology is slow but manufactures feel it can dramatically reduce the time to make strategic decisions as well as help them operate more efficiently and effectively. The study, "Embracing a Digital Future," reveals a disconnect between executives’ opinions of their DSN efforts and actual implementation.
This post is from a press release sent to us regarding the recent survey of the 3PL industry. This survey continues to point towards the success 3PLs are having for their clients. Survey Points to Continued Success of Shippers and the 3PL Industry. No matter what type of 3PL there is, each brings value to their customers.
As early as 2018, a Neilsen study found that fresh foods were “the primary driver of growth in retail stores, accounting for 49% of all dollar sales growth in the fast-moving consumer goods industry. The State of Fresh Grocery & Supermarket Supply Chai n. Two-thirds reported increases of up to 15%, and 18% said sales had risen 10-12%.
Business efficiency refers to how much output a business produces versus input. If a company can produce quality work for a small amount of money, time, and resources, then it is considered efficient. However, many factors can affect efficiency in the workplace, including unproductive employees and business growth.
Additionally, customer demand for green solutions is surging, with a McKinsey survey indicating that 60% of consumers are willing to pay a premium for sustainable delivery services. billion in the 12 months through November 2024), is supporting electricity costs.
Line item RFID is showing the capability to increase supply chain efficiency. . Measuring a sample of more than 1 million items from five leading retailers and eight brand owners, the study also found that when RFID was not implemented, 69 percent of orders shipped and received from brands to their retailer partners contained data errors.
reveals that the 900 supply chain executives surveyed were more likely to say that they see their function in two years as a cost efficiency driver (60%) or a support function (68%) than as a competitive differentiator (48%) or a growth enabler (53%) within their organizations, which can leave significant value on the table. “In
The National Private Truck Council 2021 Benchmarking Survey Report provides fleets with new industry standards to evaluate performance and identify opportunities for improvement. The 2021 NPTC Benchmarking Survey Report, which is sponsored by Penske, captures critical metrics from the 2020 calendar year, which was a time like no other.
Drones equipped with advanced sensors and precision capabilities enable enhanced monitoring of agricultural fields, ensuring that pest surveillance is more efficient than ever. We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology.
Ninety-six percent of Americans have made at least one online purchase and 51% of those surveyed say they prefer to shop online. In a recent survey , 96% of survey participants said the availability of free shipping impacts their purchase decision. Consumers are deciding when, where, and how they shop. Fast delivery matters.
She says it’s going to study the latest marketplace trends, come up with strategies to tackle fraud within brokerage operations and work on short, medium, and long-term legislative and regulatory solutions. Lastly, partnerships and relationships as they play a pivotal role in emission reduction and efficiency gains.
There is a lot of promise and potential for the new technology in terms of efficiency and easier adaptation to other advancements and solutions. According to information from a new study, there is still a disconnect between the opinion of the digital supply chain and the actual implementation of it. . Challenges for Manufacturers .
For these companies, maintaining profitability while protecting their margins hinges on operational efficiency and the strategic use of data. By identifying this issue early, the company can replace underperforming equipment, improve job efficiency, and reduce maintenance costs. Cleaning and security businesseseven thinner.
Driver shortage is a major concern for companies striving to improve the performance of their fleet, according to a 2018 global benchmark study , conducted by Descartes, that surveys fleet managers from a wide array of industries and logistics providers. Key Trends Driving Change. The Financial Link. Technology Boost.
In most companies, supply chain leaders are considered executors of innovation strategies, focused on optimizing costs and improving operational efficiencies once such strategies have already been determined.”. Note: This article originally appeared on the University of Tennessee Knoxville website.
Data for the BlueGrace Logistics Confidence Index is aggregated through a survey of shippers and reflects all freight transportation modes, while correlating growth or shrinkage to the overall industry volume of shipments and the price of products, according to BlueGrace. BlueGrace SVP of Managed Services Jason Lockard said that the 5.9%
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.
has today revealed the results of a multi-industry research study into the use of rugged technology, looking at key benefits such as productivity and cost saving, resulting in nine out of ten (90%) transport and logistics professionals who have experienced these first-hand, keen to invest in more. Samsung Electronics UK Ltd.
For the purpose of the study, we define mobile warehouse robotics as load-carrying vehicles that travel under their own control with a level of autonomy adequate to perform intended tasks based on the current state and sensing without human intervention. The update to the mobile warehouse robotics market report has been.
survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally. ERP allows CFOs to identify potential efficiencies, enabling costs to be reduced across the organization.
The LCI surveys a diverse portfolio of shippers across different verticals, including consumer packaged goods (CPG), industrial and manufacturing and direct-to-consumer business. Q3 reveals a positive trend in anticipated revenue, with only a 4% decrease reported across all shippers surveyed. Order volume sentiment.
Nearly 60 percent of those surveyed reported waiting for longer than two hours on each load. This is in line with data collected by a DAT solutions survey showing that 63 percent of drivers say they spend more than three hours waiting when loading and unloading. Freightwaves also collected data on driver wait times. billion to $1.3
Day-to-day climate change has affected companies of all industries through energy and transport efficiency, crop growth rate, a surge in customer demand, and much more. Whether it is typical bad weather, natural disaster, or uneventful “normal” weather, the impact can be both positive and negative.
Penske Logistics senior vice president of global sales Joe Carlier will join a panel of experts in a May 21 webinar hosted by the Council of Supply Chain Management Professionals ( CSCMP ) on the 2020 Third-Party Logistics Study. Please note: The study is forward looking and was published in September 2019.
Before the pandemic, in a study of logistics providers conducted by Fraunhofer IML, among those embarking on digitalization initiatives, only 25% of logistics providers in the Fraunhofer IML survey are leveraging digital technologies to think outside the box and reinvent their foundational delivery model.
A GT Nexus study found 75 percent of respondents describe digital transformation of the supply chain as “important.”. That same study found only 5 percent of those surveyed were very satisfied with their digital progress so far. Drive for Efficiency. Harnessing Big Data. Continuous Demand for Innovation.
Despite all the groundbreaking innovation in supply chain technologies that automate and manage processes more efficiently than ever before, it may be quite a while before they’re widely adopted. Conquering the last mile has quickly become one of the biggest challenges for any retailer.
In a recent Forrester study, they found the problem to be poor quality data. The more procurement can be viewed as making employees happier and more efficient, the better for the function and your career. Be proactive about your suppliers! Foundation, Foundation, Foundation. Success!
The digitization of the freight industry is about improving speed and efficiency. . This year’s Freightos mystery shopper study looked to answer these questions. . In the study we looked to online spot quoting as a proxy for the overall digitization of the industry as it’s often a shipper’s first encounter with forwarders.
During our conversation, Chris shared some insights and advice from some TMS benchmarking studies he conducted recently. Transportation benchmark studies. For the past three years, Descartes has conducted TMS benchmarking studies. Why do these studies? State of TMS market. Management attitude vs. financial success.
Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. With tools like artificial intelligence (AI) and the Internet of Things (IoT) becoming more accessible, companies should be able to become more efficient and able to produce more with fewer people.
As a functional part of your operations efficiency, a 3PL should be an integral part of your supply chain. A 2016 study by 3PLstudy.com showed that 83% of 3PL respondents felt that using a logistics partner directly contributed to better relationships with their clients and 70% reported declining logistics costs.
INFORM, a leading software developer specializing in artificial intelligence and operations research, is thrilled to announce its latest study on IT in vehicle logistics , highlighting key findings on IT and AI’s transformative impact in the vehicle logistics sector. Key Findings from the Report 1.
According to the findings from the “26th Annual Study of Logistics and Transportation Trends (Masters of Logistics)”, more companies are beginning to understand that new business models and new competition in the field are changing customer expectations. and 30.9%, respectively,” says Logistics Management. The Structure of Service.
A recent survey conducted by the International Road Transport Union (IRU) industry association shows that this bottleneck has exacerbated worldwide over the past two years. The only solution is to boost efficiency by optimizing processes for the long term. Look at the big picture.
The modern customer is aware of their needs and possesses the knowledge and skills to efficiently utilize information and tools to fulfill them. The survey conducted by MetaPack highlights that more than 90% of customers consider delivery a crucial factor when making online purchases. What makes last-mile tracking a challenge?
According to Deloitte’s 2017 Millennial Survey , millennials like to feel impactful in their workplace and believe they have a high degree of accountability when it comes to things like customer satisfaction, organizational integrity, reputation and the products and services provided. Having a strong sense of purpose is also important.
And in today's modern world, supply chain mobility is quickly driving more efficient productivity. . In fact, approximately 73 percent of surveyed manufacturers plan to continue investing in supply chain mobility, asserts a Deloitte study. Imagine if the typical definitions of productive were applied to manufacturing.
Zebra Technologies Corporation today released the findings of its 2023 Global Warehousing Study, which confirmed 58% of warehouse decision-makers plan to deploy radio frequency identification (RFID) technology by 2028 which will help increase inventory visibility and reduce out-of-stocks.
SYSPRO ’s 2020 survey, The Inflection Point for the Factory of the Future , showed that only about one-third (38%) of manufacturers’ business systems had enabled them to meet the challenges posed by the COVID-19 pandemic. Similarly, a 2021 study from McKinsey showed that just 19% of companies that had adopted Industry 4.0
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