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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.
As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.
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. Clear goals ensure that investments in flexibility and throughput align with broader business strategies.
On top of that, there are often persistent misconceptions about what it takes to collect, manage and take action on effective data strategy. These objective measures often predict customer satisfaction before surveys can capture it. Are you ready to treat your data as a strategic asset? Preview Wavelytics Data Factory now.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. 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, related to warehouse technology, a recent Lucas Systems industry study found 89% of respondents agreed that implementing artificial intelligence-based software within distribution centers can provide a competitive advantage. The post The Most Overlooked DC Performance Strategy appeared first on Logistics Viewpoints.
An enlightening new report indicates that this strategy corresponds to strong financial performance for shippers and logistics service providers (LSPs). The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.” For example, Competitive Weapon companies are 3.4
When considering their last mile strategy this peak season, retailers should also take note of the growing interest in the environmental impact of home delivery, especially among younger consumers. Of serious concern for retailers, many consumers cited delivery issues as a potential barrier to future online buying.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Our recent survey showed that only 17% of organizations make it a priority to invest in innovation. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. AIMMS in Gartner’s Hype Cycle for Supply Chain Strategy, 2020.
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. Reverse Logistics Strategy 1: Don’t do it!
There are many ways to measure your customer’s experience , including: Open communication; Using a voice-of-the-customer system; Surveys; Interpreting customer actions. Another example of using software to automate tasks is a social media management dashboard. Prepare to Adapt.
An enlightening new report indicates that this strategy corresponds to strong financial performance for shippers and logistics service providers (LSPs). The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.” For example, Competitive Weapon companies are 3.4
Ian Arroyo April 29, 2025 Blog As Freightos’ Chief Strategy Officer, I’ve had the privilege of witnessing firsthand how the logistics industry has transformed since COVID-19 disrupted supply chains worldwide. What’s become increasingly clear is that there are no more black swans in global logistics.
Learn how to organize your data operations in alignment with supply chain strategy. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation.
Other reviews (prepared for decision-making versus attending for receiving information) are shared by the owners of each strategy element/pillar. For instance, COOs own the supply strategy, marketing the portfolio strategy, and so forth. Very few organizations regularly assess whether they are delivering on the strategy.
Longstanding weaknesses in the supply chain like port infrastructure, outdated supply chain strategies and impacts of natural disaster and wars have all further affected global supply chains. While the pandemic was undoubtedly the catalyst for recent supply chain disruptions it’s not the only cause. Digitalization to thrive into the future.
If you’re not employing a multichannel sales strategy, you’re clearly missing out. But what, exactly is a multichannel sales strategy, and is it worth the investment? Even if a brick-and-mortar store does not have an online sales strategy, it should be using a multichannel marketing strategy. What is a Sales Channel?
Let’s dive into the trends shaping your import strategy in 2025. Census Bureau, 2024 % of Importers Facing Cost Spikes 70% Dedola Internal Survey Average Tariff Rate on Chinese Goods 145% CNBC, April 11, 2025 1. Strategies like micro-warehousing and low-emission final-mile delivery are becoming standard. Monitor U.S.
More than 60% of business leaders surveyed across North America believe governments are increasingly taking a protectionist stance of raising trade barriers to defend domestic businesses. But even amid ongoing renegotiations of NAFTA, half of firms surveyed (U.S. According to the survey, less than one in ten (9%) U.S.
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. Navigating the Storm: Strategies for SMB Importers in 2024 There is no golden ticket for solving these challenges.
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.
For example, Mars is looking at climate action, no poverty, and partnerships as part of its sustainability plans. More and more companies are outlining strategies for employing a circular economy and measuring its impact on supply chain operations. Per our survey, 64.2 This way of thinking is certainly not unique to Intel.
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. This example illustrates why supply chain visibility isn’t enough.
One way to tell if a CSR programme is simply a marketing strategy is to check the length of the project. A recent survey by Deloitte reveals that business leaders overwhelmingly (93 percent) believe that companies are not merely employers, but are also stewards of society. A Reputation Institute survey found that 91.4%
A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. Here are examples of the tangible return-on-investment (ROI) ERP can bring to your business: Maintain competitive advantage with ERP. ERP to drive business strategy and insights.
For example, reports and analytics in your ERP system can help you identify areas where improvements can be made. In a 2020 SYSPRO survey it showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. For example, evaluate if you are a digital explorer?
Let's dive into the trends shaping your import strategy in 2025. Census Bureau, 2024 % of Importers Facing Cost Spikes ~70% Dedola Internal Survey Average Tariff Rate on Chinese Goods 145% CNBC, April 11, 2025 1. The Strategy: Diversify suppliers, explore nearshoring or friendshoring, and conduct risk assessments to build flexibility.
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. Supply Chain Strategy. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. Supply Chain and Business Success By the Numbers.
planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. As you evaluate strategies to mitigate risk and build resilience, beware of headlines blaming JIT inventory practices and recommending a move to JIC.
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. For example, are you still a minority owned company?
The results, based on a representative survey among more than 200 companies, shed unparalleled insight into key challenges in the industry, as well as best practices to improve supply chain performance and operation. We found three key strategies that could serve as a blueprint for other supply chains: Rethink Packaging.
It goes without saying, that in order for the skills deficit to be reduced significantly, skills development needs to be central to a business digital strategy. Take for example the implementation for an ERP system. Technological advances has often moved faster than digital capabilities. This challenge remains prominent today.
There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. Hence our surprise at the findings of the global survey above. .
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.
Our latest research survey shows that 70% of manufacturing and distribution businesses experienced supply chain disruptions and 60% of businesses were unable to engage and collaborate with customers and suppliers in real-time. Securing a digital future with Cloud ERP.
A recent SYSPRO survey however has found that many of these systems did not deliver on the value promised, as they were carried out as stand-alone projects with little coordination or oversight. For example, implementing a maintenance strategy that outlines the steps required to upkeep and improve the system on a regular basis.
DIFFICULTY FINDING LABOR DIVERSIFYING WORKFORCE TECHNOLOGY IS TAKING OVER INCREASING CYBERSECURITY CARBON NEUTRALITY BUILDING RESILIENT SUPPLY CHAINS DIFFICULTY FINDING LABOR Manufacturers are still struggling to find labor, with a recent Deloitte survey estimating that the manufacturing sector will be short 2.1 Industry 4.0 Industry 4.0
A recent online survey conducted b y MIT’s Center for Transportation & Logistics aimed to understand how companies are reacting to the Coronavirus outbreak. Demand simulations can highlight strategic warehous e , plant and supplier locations and test the robustness of strategies under different growth expectations.
As per a Statista survey, eighty per cent of consumers say they’d return a product they received that was damaged in shipping. With the right packaging, strategy, and tools, you can cut shipping costs by as much as 60%. Shipping damage is a massive threat to any products that travel on the supply chain.
In one example, an employee of Varda, a SpaceX-like company, began to publicly attempt to replicate the study and had over 10,000 people tuning in to watch a live stream of rocks in a furnace. We’ve been here before with Blockchain and Tradelens, which launched in 2018 and was done by the end of Q1 2023 – a good example of hype waves.
Drones can be programmed to survey specific locations regularly, detecting early signs of pest infestations. This proactive approach reduces the reliance on intensive control measures, allowing for more efficient pest management strategies. Get Started With Pest Control Software!
According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.
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 latest Working Capital Survey results from The Hackett Group. Overall, the survey found the companies had a Cash Conversion Cycle (CCC) of 33.8
It’s true that the major issues in the supply chain—which were confirmed through MH&L ’s workforce survey process and published in an earlier article —are nuanced. For example, using smartphones and tablets instead of barcode scanners can make it easier to train your employees and for them to get work done.
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