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To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain. By tracking these metrics over time, organizations can pinpoint areas for improvement and tailor their strategies accordingly.
Elisabeth is the Founder of EAB Strategies, a company that provides communications and marketing expertise to transportation and logistics companies, as well as program development for companies seeking to grow their brand and image. She provides expertise in event content, logistics and marketing. Elisabeth received the “J.R.
He ran marketing for a large 3PL before launching his own marketing agency, Logistics Marketing Advisors, which focuses exclusively on providing marketing strategy and services to logistics businesses. Our niche focus gives us the industry understanding and contacts required to market effectively to logistics decision makers.
Weather events might also be factors. The survey also found that although many companies have arranged international shipments early this year, most continue to rely on the spot freight market to move goods.”. Bottlenecks from future COVID-19 variants are possible. We’ve seen how the lockdowns in Shanghai snarled global supply chains.
Some businesses lack the bandwidth or staff to attend, some have strict travel bans in place, some don’t have the discretionary spend, and others simply do not feel safe going to an in-person event in the foreseeable future. While the ability to quickly adapt plans or to manage a crisis is second nature to an event or meeting planner (e.g.
Handle Peak Demand Demand spikes, such as those during holidays or major promotional events, can overwhelm unprepared warehouses. Clear goals ensure that investments in flexibility and throughput align with broader business strategies. Leadership support helps drive initiatives forward and secure the necessary budgets and resources.
Data intelligence and market insights, reliable support and proprietary technology combine with these solutions to enable smarter supply chain decisions and strategies. For the study, Coyote worked with a 3rd party research firm to survey over 500 supply chain decision makers. 81% were from the U.S., and 19% were from Canada.
Adding to the woes was the Suez Canal incident, a maritime black swan event that has led to severe complexities. Market analysts at project44 have created a survey to dig deeper into issues stemming from port congestion and the capacity strain to identify strategies that businesses are taking to navigate this tricky environment.
As per research by supply chain dive , 59% of retail participants that were surveyed told that they would hike pricing to mitigate impact from supply chain disruptions and 36% said they were taking a margin hit to keep price levels. Today’s dynamic environments require adaptable routing strategies to keep pace and minimize disruptions.
The International Air Cargo Association ( TIACA ) announces the launch of a new event series: the TIACA 4Cargo Conferences and Workshops, designed for subject matter experts and thought leaders in specialized cargo domains such as Airports, Sustainability, Drones and more. We loved it!”.
A recent survey found that 62% of companies affected by hurricanes last year admitted they were “not completely prepared” to deal with them. One conclusion of the survey was that executives admitted they were not totally prepared and are making improvements for the future. Louis Gritzo, vice president, manager of research at FM Global.
According to a report* by UCL Hazard Research Center, there were 16 weather-related events in 2017 in the United States alone that cost one billion dollars each. As your company has most likely experienced, the weather is a huge influencer in a supply chain’s strategy, performance, and bottom line. Creating competitive advantage.
Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact. The average cost of a data breach reached $3.86
While this creates tremendous value , it also br ings the inevitable risk that certain event s can have far-reaching consequences that influence supply chain s more than ever before. Most often , these events force demand and resource usage to fluctuate.
small and middle market enterprises (SMEs) are feeling very optimistic about the international market according to the 2018 American Express Grow Global Survey. The third annual survey of over 500 domestically-based companies selling outside of the U.S. trade policies (38%). small and middle market companies to sell internationally.
Home delivery strategy, tactics and performance is one of the most hotly-debated areas of logistics. We decided to survey over 5,000 consumers across Europe to gauge their sentiments around home delivery. If we extrapolate that, over a year, there is a less than 1% chance that a consumer will have had an event free delivery year.
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. It should also be shared downstream.
These disruptions, which will only get more frequent in the coming years as major weather events wreak havoc on freight transportation, have supply chain stakeholders scrambling from crisis to crisis. Glenn Jones is global vice president of product strategy and marketing for carbon-neutral supply chain technology provider Blume Global.
With the events of 2021, including the attack on the Colonial Pipeline earlier this year, the importance of supply chain cybersecurity is among the most in-demand factors driving adoption of third-party systems and resources in logistics. Technology tools that are easy to use were cited as critical features among 93% of survey respondents.
As supply chains become more impacted by market disruptions and unpredictable events, they’re also becoming more critical to a company’s customer experience levels and bottom line. Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events.
During a year when e-commerce sales skyrocketed, the global pandemic impacted supply chains around the globe, and transportation capacity contracted across most modes, while companies worked to get their logistics strategies realigned with this “new normal” operating environment. Playing the Waiting Game. What’s in Store for 2021?
planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. Change can creep imperceptibly, so sometimes it takes a major event to wake us up. Increasing critical parts inventory can be a smart strategy (e.g.
But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.
Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Preparing your supply chain for resiliency begins with risk management and a proactive strategy. It’s not enough to have a Plan B, just in case. Overcoming Supply Chain Disruption.
Several surveys have reported how SCM in recent years has moved from being a cost center to one responsible for offering superior customer experience and delivering competitive advantage. Primarily this meant increasing inventories as opposed to other strategies like nearshoring. How Supply Chain Management is changing.
In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future StrategiesSurvey Report, this goal was the top-ranked planned tool investment. Agility to act on transparency.
Calling the COVID-19 pandemic a “rude awakening” for many companies, McKinsey says one of its recent surveys revealed that about 42% of respondents report that the crisis weakened their companies’ competitive position (compared with just 28% that say their companies increased their competitive edge during the pandemic). “The
Geopolitical events. Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ? Natural disasters.
It’s a story we have all heard: nature is a repetitive circle of events. And at the end, check out a nice infographic speaking more to reverse logistics strategies and practices. However, 70 percent of respondents within the survey saw Reverse Logistics as a burdensome cost for the business. Cost Management.
Regardless of their size, companies are reassessing their global supply chain strategies. and European companies to reevaluate their supply chain strategies. One of the biggest impacts of decoupling in the supply chain is that it helps minimize the impact of unexpected events.
million per event. According to a survey by the Global Supply Chain Institute, 59% of companies reported that supply chain disruptions resulted in increased administrative work. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses.
According to a report* by UCL Hazard Research Center, there were 16 weather-related events in 2017 in the United States alone that cost one billion dollars each. As your company has most likely experienced, the weather is a huge influencer in a supply chain’s strategy, performance, and bottom line. Automation for operational processes.
This promises to be a very eventful year. The Institute of Forest Management from the Technical University of Munich developed an AIMMS model that helps forest enterprises consider risks and strategies for carbon mitigation. Our recent Demand Forecasting survey shows that teams anticipate more complexity in the supply chain.
Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. In a McKinsey surveyed, 59% of participants stated that a lack of executive vision was a significant obstacle to the digital transformation of their organization. [2] The payoff is well worth it.
Chris Norton, Managing Director, InterSystems , commented: “In today’s landscape of constant change and uncertainty, digital transformation strategies and traditional organisation practices will continue to be tested. Almost a third (32%) of those surveyed think innovation helps their organisation get a competitive advantage.
Understanding the financial impact of these disruptions and exploring effective mitigation strategies is crucial for maintaining a resilient and profitable operation. The Deloitte Global Survey of over 1,000 supply chain executives found that those employing clear response metrics were 3.4
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. A skills assessment survey was done to measure potential gaps against a pre-determined skills matrix. The 2017 hurricane season,” Mr. Herzog said, “was a big event on our journey.
Regarding the gap of drivers on long-haul lanes, what are the strategies that may be implemented to overcome this drastic labor shortage in freight transportation? . Some larger carriers are clearly interested in supporting the testing of autonomous trucks as part of their long-term business strategy. While some U.S.
As the global economy continues to recalibrate after a series of macro-economic and geopolitical events shook it to its core, procurement and supply chain professionals continue to face unique challenges. 28% of organisations surveyed highlighted that outdated IT hardware and software was the most pressing challenge they are currently facing.
E-commerce is steam rolling ahead, and retailers need to make the necessary modifications and embrace omnichannel strategies to make money. 49% of executives in an industry survey said that they considered themselves to be excellent leaders indeed, where risk management was concerned. Changing Retail Supply Chains with Ecommerce.
In a recent survey by Procurement Leaders , 54% of the CPOs reported that they have regular touchpoints with the CEO and are considered a key stakeholder. Let us examine these: Implementing a ‘China Plus One’ strategy: Part of the resiliency comes from having alternate sources of supply.
Manufacturers, retailers and their logistics partners often managed supply and demand volatility by shifting scarce inventory among stores or distribution centers, or investing in expedited freight charges, without considering the real implications of these strategies on their long-term profitability. The next step?
Easyfairs has officially opened registration for this year’s exclusive AntwerpXL (AXL) event at the Antwerp Expo in Belgium, taking place from 8 October to 10th 2024. The premier conference and exhibition is a key maritime and logistics event dedicated exclusively to the breakbulk, project cargo, heavy lift and Ro-Ro sectors.
Preliminary results from a Lucas-commissioned survey of 350 companies in the US and UK found that the majority of the companies are already employing AI in one way or another within their warehouses and distribution/fulfillment centers. Walmart has been very open about what it takes to compete with Amazon.
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