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A seasoned leader with over 30 years of experience, David began his career in the transportation industry in 1995, rapidly progressing to leadership roles. Throughout his tenure, David was instrumental in developing go-to-market strategies, forging strategic partnerships, and defining the company’s visionary roadmap.
Logistics is a confusing term that many people new to the industry have trouble with, not being entirely sure what it covers and what it doesn’t. Well, as Logistics Bureau has decades of experience in the industry, we’re in a pretty good position to give you a definition of what logistics really is. So what is logistics?
Without appointment management capabilities in place, for example, facilities can easily become overwhelmed by a flood of phone calls and emails from carriers trying to schedule inbound or outbound pickups, as well as managing labour planning within the facility.
Industries such as semiconductors, electric vehicle (EV) batteries, and transportation equipment are at the forefront of reshoring efforts , leading to a fundamental shift in freight demand patterns. Automotive and industrial manufacturing is expanding in states like Michigan and Ohio. Midwest U.S. Southwest U.S.
Outbound Logistics: What Is It and What Is Its Importance? In the supply chain, the outbound logistics phase, also known as distribution logistics, is when the product is delivered to the location where the client wants it. Distribution channels are connected to outbound logistics. Outbound logistics functions.
As a result of the rapid growth of the retail industry, there is fierce competition among retailers. Keeping costs low is challenging when you constantly need to adjust your strategy and improve service. However, there are some ways for retail supply chains to become more efficient and less expensive.
Understanding truckload freight rates can significantly impact your shipping budget and logistics strategy. Lane Imbalances: Routes into areas with limited outbound freight typically cost 15-25% more due to the likelihood of empty return trips. per mile nationwide, with refrigerated at $3.12 and flatbed at $2.93.
Deema Adada , founder and CEO of GetSett has spent 15 years in the industry working with Coyote Logistics and Uber Freight in positions from sales to operations and strategy. The problem going outbound. About Deema Adada. She has experienced first hand the disruptions that are occurring at both the first and final mile.
Mike Mulqueen is a Partner and Strategy Practice Lead at JBF Consulting. JBF Consulting is a supply chain execution strategy and systems integrator for logistics-intensive companies of every size and any industry. Transportation services required including inbound, outbound, TL, LTL, small parcel, etc.
Noel Perry, economist and trucking industry expert, predicts a reduction in the nation’s trucking force by 700,000 drivers. This adds to the existing insufficiency in numbers of new drivers coming into the industry to replace retiring drivers and thus a massive trucker shortage. Shippers should budget and price accordingly.
The fourth quarter is the time of year the transportation industry always looks forward to. Within SONAR, the Outbound Tender Reject Index (blue) In early October eclipsed 5% for the first time since the Fourth of July holiday. At that moment, transportation turns from just a cost center to revenue preservation.
In addition, returns typically cost more to handle than outbound shipments – 3 to 4 times more for traditional retail companies, for example. A plan is necessary, possibly based on one of the following strategies. Some industries experience more returns than others. Reverse Logistics Strategy 1: Don’t do it!
It is the mindset that buyer behavior has not changed and that digital disruption isn’t impacting your inbound industrial marketing the way it is all of the other markets because: No one would trust search to help make these decisions about our products. Change Your Strategy. No one I know uses search for these decisions.
The Francis Scott Key Bridge in Baltimore being struck by the Dali and collapsing is an unpredictable disruption to the supply chains of several industries including automobiles, coal, and agricultural machinery. Coal industry: The Port of Baltimore is the largest coal port in the country, handling about 20 million tons of coal per year.
Holidays are always difficult to work around in our industry. We wanted to bring you some quick strategies and tips that can help your holiday shipping woes or at any time of the year where you experience an increase in shipping volumes. We lose valuable transit days with shipments when carriers aren’t moving freight.
Many enterprises have taken heed and determined that inbound and outbound transport and warehousing are consequential processes of their business rather than fundamental or core processes. This has fuelled growth of the third-party outsourcing industry and expansion of scores of logistics service providers. Flexibility andScalability.
As companies look ahead to the next three to six months, they’re weighing costs, risks, and demand as they plan and adapt their inventory strategies. Inventory strategies are increasingly focused on optimizing stock locations — what to hold and where, especially for inventory not immediately sold.
The guides outline the goals and the specific needs of individual carriers, load types, destinations and industry niches. Both inbound and outbound goods and shipments benefit from the inclusion of data and analytics , real-time tracking, automated processes, and modern technology. Download the White Paper.
Leading metrics for tracking overall and market-specific activity include: Inbound and outbound load daily change rates, like the Outbound Tender Volume Index (OTVI) in FreightWaves SONAR. Freight market share over the last week, such as SONAR’s Outbound Tender Market Share (OTMS). Detention cost percentage.
Competitor intelligence: Distribution strategies and network designs of your competitors. First and foremost, of course, you should ensure the objectives for your distribution network align with those of your supply chain strategy , which in turn should support the overall goals of your business.
In December of 2019, the global grocery retailer Ahold Delhaize announced it was investing $480 million to transform and expand its US supply chain operations to support a strategy to transition the supply chain network into a fully-integrated, self-distribution model. Sources of Efficiency.
Both industrial engineering and operations research have their roots in logistics. Fredrick Taylor, who wrote The Principles of Scientific Management in 1911 and is considered the father of industrial engineering, focused his early research on how to improve manual loading processes. History of Supply Chain Management: Roots.
Commercialization strategies evolve, supply chains expand, and production rates accelerate. Addressing this challenge, executives are rethinking their business models and strategies to improve product quality and avoid issues surrounding test results, material specifications, non-conformances, recalls, and supplier corrective action requests.
Managers of carrier relations representatives can set alerts for when these trends start to change, but with an increase in rates this high, your strategy should be focused on contracting these carriers to a more sustainable rate (if they are even willing to have that discussion). . Start Building Reefer Relationships Now!!!
spoke on best practices on supply chain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. Autoliv is the world’s largest safety system supplier in automotive industry. Autoliv is the largest supplier of safety systems to the automotive industry. Steve: Jan, you have not said much.
In the screenshot above, you can see that the outbound and inbound stability show scores of 29 out of 100 and 21 out of 100, respectively. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions. This data has been collected over a 4 year period, broken down into shipper industry cohorts.
Shippers are shifting from East Coast to West Coast ports ahead of a potential strike, impacting logistics and transportation services. Continue reading →
Let’s take a closer look at an examination by Industry Week , “Beyond the immediate impact on PPE Suppliers and Raw Materials for Hand Sanitizers, the pandemic gave a view of the degree to which many manufacturers were vulnerable to suppliers. Traditional Inventory Replenishment Strategies No Longer Work. Cybersecurity Concerns Remain.
The industrial equipment and machinery (IM&E) industry needs to start looking at solutions that will handle change in key elements of the supply chain, production operations, and shipment activities without being disrupted. The adoption of digital strategies is a major feature of new strategies that manufacturers are planning.
The WRI combines outbound tender market share (OTMS) and the weekly change in tender rejection rates (OTRIW). For example Atlanta’s OTMS value is 4% and outbound rejections increased from 3% to 5% over the past seven days. Various market participants in the freight industry can rely on the WRI heatmaps in different use cases.
The freight brokerage industry has traditionally focused its attention on the training and development of its customer sales staff. Shippers will not be willing to accept a lack of trucking capacity or last-minute price changes in an industry that is becoming more transparent. Photo: Jim Allen/FreightWaves at Edge Logistics.
For this reason, KPIs are essential for any business improvement strategy. Another powerful use of KPIs is in the benchmarking of your companys performance against that of your competitors and industry peers. Depending on your industry youll certainly want to be aiming for above 95% here.
Another key strategy is right-sizing cartons to match the specific dimensions of the products being shipped. This leads us to the idea of Dynamic Slotting , an essential strategy for space optimization. Another key strategy is the implementation of cross-docking. Product slotting is a complex problem.
Chart of the Week : Van Contract Base Rate per Mile Initial, Van Outbound Tender Reject Index , Truckstop Average Van Spot Rate per Mile – USA SONAR: VCRPM1.USA, but it is a common result of demand exceeding supply in just about any industry. The traditional strategy of relying on leverage will probably not work as well this year.
This has been implemented across global outbound and inbound logistics, including for China and the US. In outbound, the team’s ability to analyse and engineer logistics flows has been an important way to mitigate a growing shortage of trucks and drivers, helping to ensure the capacity Volvo needs to keep up with its vehicle launches.
How is technology enabling strategic conversations at the order level to happen faster and for the freight department to work seamlessly with procurement on the inbound side and sales on the outbound side to optimize freight shipping ? And why is digitizing the supply chain network vital moving forward for our industry?
Poor granularity means shippers do not know where to prioritize their fulfillment strategies, and that may be more likely to disproportionately distribute inventory. Traditional Inventory Replenishment Strategies No Longer Work. Therefore, it is easier to increase the volume of freight moving across both inbound and outbound channels.
Figuring out the best strategy for managing fleet assets can be difficult at best. Unfortunately, disruption and market volatility – sudden changes within the industry – will often have a dramatic effect on the spot market. Freight management remains an industry in which balance reigns supreme. Download the White Paper.
The pair talked about how the supply chain industry is moving beyond the table stakes of TMS and turning to network-like technology platforms that go further upstream into the supply chain, enabling strong supply chain collaboration amongst all trading partners, putting the supply chain at the heart of their customer experience strategy.
In today’s complex freight industry, comprehending regional market nuances is essential for logistics professionals looking to navigate the intricacies of supply chain management. Curious about how KMA trends can inform an effective supply chain strategy? Reach out to our team to learn more.
Such software and planning systems are also highly relevant for a wide range of purposes in outbound automotive logistics systems, including for the execution of transport activities and the creation of transparency in relation to distribution flows, increasing transport load rates and auditing freight invoice and payments.
That’s why it’s so important that a supply chain industry that needs solutions now must stop squandering the vast untapped value in the facilities that they own and operate today. Depending on the size of a facility, the inability to quickly locate “arrived inventory” in a trailer can put outbound orders or production lines at risk.
Right now, Straube says capacity remains constrained in the transatlantic market, which is down by about 34% in terms of outbound air freight while inbound capacity for flights to Europe is currently about 36% less than normal. These strategies help us give our customers space security on operating flights,” said Straube.
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 other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
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