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The COVID-19 pandemic has exposed many risks and uncertainties in supply chain networks. Evaluating different scenarios helps you gain much-needed network flexibility in these times of stress and can help you prepare for a resilient future. How are companies leveraging scenario modeling for network design and optimization ?
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Business Spend Management Solutions are Networked .
For example, flexible systems allow warehouses to shift resources seamlessly between e-commerce and business-to-business (B2B) operations, enabling smooth transitions between high-demand cycles for different clients. Flexibility enables these warehouses to customize workflows and systems to accommodate their clients diverse needs.
Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. ” These tried-and-true capabilities include a Digital Supply Chain Strategy and Network Design. Gartner mentions us as a Sample Vendor in two categories: Network Design and Prescriptive Analytics. Network Design.
In that article, I highlighted the importance of the network effect on time slot management and related technologies, as well as the main benefits of a time slot management application. Here is a look at some more key findings from the survey completed with Transporeon , as well as my interview with Transporeon CEO Stephan Sieber.
The COVID-19 pandemic has exposed many risks and uncertainties in supply chain networks. Evaluating different scenarios helps you gain much-needed network flexibility in these times of stress and can help you prepare for a resilient future. How are companies leveraging scenario modeling for network design and optimization ?
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. For example, the global logistics automation market is expected to grow from $50 billion in 2023 to $120 billion by 2030, according to Allied Market Research.
A recent online survey conducted b y MIT’s Center for Transportation & Logistics aimed to understand how companies are reacting to the Coronavirus outbreak. Research conducted by AIMMS found that 38% of supply chain professionals require multiple weeks to address their network-related?questions. we need q uickly.?
For example, if delivery times consistently exceed targets, further analysis may reveal specific routes that require optimization or additional resources. Businesses can gather insights through surveys, reviews, and social media interactions.
Networks Have Fistinct Advantages. In one McKinsey survey of more than 100 large organizations in multiple sectors, companies that regularly collaborated with suppliers demonstrated higher growth, lower operating costs, and greater profitability than their industry peers. Supply Chain Collaboration Networks are a Key Technology.
Looking to real-life examples for inspiration, we can ask, ‘Who does reverse logistics well?’ For regulators and the public, reverse logistics may be judged by how safe and how green the process is, for example, recycling products instead of throwing them into a landfill. Persuade the customer otherwise.
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 resulting insights enable optimal transport and route management: Which routes within the distribution network should be utilized?
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. The Crucial Role of Trading Partners.
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 Strategies Survey Report, this goal was the top-ranked planned tool investment. This example illustrates why supply chain visibility isn’t enough.
For example, if a pharmaceutical company analyzed social media content and determined that people in specific geographical areas were discussing cold and flu symptoms, that could give them a heads-up that demand for products to treat those conditions are on the rise. to anticipate conditions that signal an emerging demand spike.
“As they cope with the seismic changes brought about by COVID-19, businesses of all sizes and types have needed to adapt to remote work, reconfigured physical workspaces, and revised logistics and supply networks.”. Companies understand, now more than ever, they need reliable partners,” Red Classic’s Dave Glancy tells Inbound Logistics.
For example, raw agricultural materials have increased 117 percent since 2000 , rubber has seen an increase of 359 percent, and steel is up 167 percent. Chemical supply chains have had their weaknesses exposed, from their dependence upon the volatile oil and gas sector to their global shipping networks. Rising Raw Material Costs.
Ocean ETAs, for example, are much different because the macro-factors are a lot different than over the road. Air cargo is also easier for predictive ETAs based on the network and speed of transportation when compared to ocean cargo. At the end of 2021, I participated in a survey to examine the transportation visibility market.
Companies knew this, which is why 93% of senior supply chain leaders surveyed in May 2020 by consulting firm McKinsey planned to increase inventories of key products and materials while also diversifying their supply base and localizing or regionalizing both supply and production. A change to one link (e.g. on-time delivery).
This week, for example, CCJ reported that “60 percent of fleets running between 1 and 100 trucks have yet to adopt ELDs, according to a recent survey conducted by CarrierLists.” According to the survey results, only 33 percent of small carriers have fully integrated ELDs into their fleet.
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. Job titles are changing from supply planner or demand planner to network planner.
The supply chain industry is on a years-long digital transformation journey, and one of the key objectives that industry leaders almost universally aim to achieve is true end-to-end (E2E) visibility across their complex global networks of suppliers, partners and customers. You need visibility because you live within such a variable network.”
According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth superior to the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Implemented cross-docking in its supply network to enable inventory reductions.
For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. Despite these efforts, to date the attacks continue, pushing most major carriers representing over 60% of global container capacity, to alter their routes.
For example, a recent survey of 100 randomly selected people showed that many are not conversant with shipping industry terminologies, let alone the services. Hence, it is not surprising that early analysis indicates that 8 out of every 10 participants in the survey had never heard of the term “freight forwarding.”
million shoppers hit the stores and the internet to capitalize on Black Friday and Cyber Monday deals, according to a survey by the National Retail Federation. The top gifts were clothes and accessories, which about half of those surveyed purchased, and toys, which nearly a third of people surveyed bought.
The modern supply chain must be an omnichannel network. Steve Banker of Forbes further explained how a survey of customers in mid-2020 found a continued expectation for same-day delivery (22%), with one-third of which expecting two-hour delivery, consumers’ expectation for one-day delivery (39%) and two-day delivery (29%).
Planners are buried in tedious tasks using legacy, fragmented technology, which 48% say doesn’t help them do their job effectively, according to a survey by the boom! Global Network. Consider a planner in Brazil working with the previous lead time prediction example, who has forgotten how to update the parameters.
In the case of network-based risk management solutions, a network of users is connected to carefully curated real-time alerts generated by connections to a huge number of online publications, social media feeds, and third-party purchased data. For example, a manufacturer might have a supplier in Hanoi they purchase key components from.
The information the companies gather could, for example, allow managers to receive information about unexpected frost harming cherry production or information about harvesting delays, which could result in inventory changes. Women also identified several other issues they regularly cope with more often than men.
carriers have reported that they have been at capacity utilization rates of 95% and higher from the last quarter of 2017 through mid-2018, as evidenced by recent surveys conducted on the Transporeon platform. Shippers should digitally network with transportation service providers. Nearly half of U.S. or Is This Just Hype?
According to the Business of Sustainability Index , despite intense inflation since 2020, 66% of general US customers and 80% of young adult (ages 18-34) US customers surveyed in 2022 are willing to pay more for sustainable products/companies that embrace sustainable practices. Consider the clothing industry as an example.
Just as in the following five examples that reveal interesting data, best practices, and tips related to the supply chain. Supply Chain 2014 Infographic: The State of the Supply Chain: I recently came across an interesting infographic from SAPinsider and insiderPROFILES that showcased a survey around the State of Supply Chain 2014.
Roles will also evolve, with the introduction of Predictive Supply Network Analysts, the Smart Quality Assurance (Q.A.) Take for example the implementation for an ERP system. Technological advances has often moved faster than digital capabilities. This challenge remains prominent today. Manager and even the Smart Factory Manager.
Shippers report capacity as their top concern for selecting a 3PL service provider, specifically 65 percent of surveyed shippers. For example, a shipper may want to take advantage of transportation management systems (TMS), which enhance visibility and improve transportation management. How Extensive Is Their Network?
Robinson’s own technology and data from the largest network in the freight industry, help our customers stay on top of the trends that influence their supply chains. To help offer perspective, we took this question to Jason Miller, associate professor of supply chain management at Michigan State University.
About 11% of carriers have vehicles that use a fuel other than diesel or biodiesel blends, according to a 2016 survey by ATRI. For example, UPS is aiming to have 25% of its new vehicles run on alternative fuel or be an advanced technology vehicle, such as hybrid trucks that uses materials that improve fuel efficiency. In the U.S.,
In my Logistics Viewpoints article in April 2021, Building Profitability with Agility while Digitally Transforming the Supply Chain , I mentioned that we will continue to explore here the concrete steps in the digital journey and examples of determination from the top in addition to logistics operations. The payoff is well worth it.
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. Given a typical car can have over 30,000 components, the exposure to single source suppliers in an n-tier network can be very risky. As an example, the new administration in the U.S.
To incentivize more computers to become part of a blockchain network , making it more robust, members can earn tiny amounts of digital currency (such as Bitcoin) for verifying and processing transactions. In economics, the “ network effect “ describes how the value of a system depends on the number of people using it.
According to a survey by Deloitte from 2014, 79 % of companies with high-performing supply chains achieve revenue growth greater than the average within their industries. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Supply Chain Network Design. Click To Tweet. Now for those statistics I alluded to.
These technologies work together to create a seamless, intelligent, and secure supply chain network, which can respond to changing customer needs and market conditions and deliver value to all stakeholders. The key technologies that enable autonomous supply chains are artificial intelligence (AI), robotics, sensors, and blockchain.
In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ? This network complexity, coupled with a lack of transparency, is a key reason that decisions are too often made in the name of speed, with disastrous implications for profitability.
According to the recent SYSPRO global research survey, an enormous 82 percent of Fabricated Metal Manufacturers experienced supply chain and material handling disruptions over the past twelve months. But an on-premise network is generally far less secure than cloud storage.
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