This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Logistics warehouses that prioritize flexibility, operational efficiency, and throughput will be able to secure long-term growth, meet client demands, and stay ahead of evolving industry trends. This approach protects the investment while enabling warehouses to adapt to shifting market trends and business models.
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?
Complete halts result in backlogs and delays, which will impact warehouses and more importantly, their inventory management. Inventory takes many forms, ranging from raw materials to finished goods. Inventory exists because a buffer is needed to balance out the uncertainties between demand and supply. Survey findings.
The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.
It adds that by analyzing revenue forecasts, inventory levels, and order volumes, the index provides industry stakeholders with valuable insights into what to expect in the next quarter and how these trends reflect the freight market. This combination of factors has bolstered revenue expectations despite ongoing economic uncertainties.
Trend #1: Customers Buying Experience Not Products. According to the Geodis 2017 Supply Chain Worldwide Survey , organizations that invest more in supply chain see greater EBIT (earnings before income tax) in their business. #2 2 Real-time Network Inventory Control and Planning. Will they share inventory? Not even Amazon.
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.
Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: Top 5 Inventory Insights ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada.
The results have been tabulated for the 68th annual Survey of Distribution Operations. By identifying the most pressing concerns in the industry, the survey provides statistics and conclusions which the distributors can use to help maintain their business evolution in our technology based world. Demographics. Best Practices.
We can’t predict when joggers will go out of style (never, we hope) but we are pretty good at predicting ecommerce trends. Here are a few of the trends we think are going to be big in 2024. Competing with Amazon A Criteo survey found that when all other things are equal (i.e.,
The congestion also has to do with a trend reversal in economic trade activity. With their inventories drawn down during the consumption frenzy, shippers continued to move freight over the China-US West Coast trade lane, ensuring tight capacity and continued vessel pileup at the ports.
This is nearly double the amount from a decade ago and it seems to be in line with the trend of Halloween gaining popularity in the last few years with the help of social media. This increase in spending is not due to candy prices rising, the results from the survey show an overall candy prices only increased 0.9%
Technology Trends for the Logistics Industry. Those that want to embrace the latest, cutting-edge technologies should consider these popular trends, and the impact they have on the future of logistics and supply chain management. The post Logistics Technology Trends: The Rise of the Machine appeared first on Freightos.
The following data is from a survey we conducted last month (May, 2023) across hundreds of small business importers who tap Freightos.com’s global freight marketplace. Businesses quickly began to notice a different beast: a significant decrease in consumer demand compounded by looming inventory excesses. The key takeaway?
By analyzing revenue, inventory levels and orders, shippers can gain a comprehensive understanding of market dynamics and position themselves strategically for success. Here’s some key highlights from the Q3 2023 LCI: Anticipated revenue maintains a positive trend. Inventory optimization. Order volume sentiment.
We recently surveyed CFOs and finance executives in the manufacturing and distribution sectors to study how the pandemic has impacted their businesses. 2. Managing working capital, cash flow, and inventory costs. investments), cash flow, and rising inventory costs rank as the second-highest CFO priority for 2022.
In July, Freightos conducted a survey of over 100 small business importers and exporters, primarily from the United States, who utilize the Freightos.com marketplace for international freight. The survey aimed to explore the impact of these changes on their operations.
He was recognized as the undergraduate faculty member who had the greatest impact on students based on the 2017 graduating senior survey. The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service.
The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. Creating graphs and pie charts out of your numerical data can make it easier to spot trends and gain insights.
Results from The Conference Board’s C-SUITE OUTLOOK survey showed supply chain disruptions, labor shortages, and rising inflation to be 3 of the 5 high impact external factors on the minds of CEOs. Here are some preliminary survey results thus far. There are numerous indications that supply chain is more critical than ever.
A 2023 survey by McKinsey reported that 79 percent of all respondents had at least some exposure to gen AI, either for work or outside of work. The more data they process, the better they become at recognizing patterns, identifying trends, and making predictions. The use and discussion of AI has become common.
Certainly, supply chain constraints are a partial cause of the current above trend inflation. Supply shortages, low inventory to sales ratios, and hiring lags are noted as factors at play. Data as recent as the end of June 2021 show that inventories remain below 1.3 The estimate of $617.7 billion represented a decrease of 1.1
Clint Reiser and I will be presenting our findings from an omni-channel fulfillment survey we conducted in partnership with James Cooke and DC Velocity. Inventory Management Logistics Technologies Logistics Trends Omni-channel logistics Replenishment Retail e-fulfillment omni-channel'
Today’s article is the fifth part in a series featuring surveys from APQC on supply chain topics including ESG in supply chain , environmental sustainability , last mile , digital transformation. Survey respondents are second most likely to have implemented Robotic Process Automation in sourcing and procurement (20 percent).
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries.
Such trends are fueled by a rise in e-Commerce fulfillment frameworks as well as the ongoing transactions involving personal protective equipment (PPE) which is mainly due to the onset of the COVID-19 pandemic. Based on current trends and indicators, it is anticipated that imports will remain strong for the rest of the year.
3 Supply Chain Trends to Track in 2019. However, this year hasn’t quite closed out yet (at the time of writing), so in the true spirit of just-in-time delivery, here’s a quick appraisal of three current trends that I believe will come on stronger, and perhaps become some of the most important to supply chain operators in 2019.
An understanding of these dynamics was the goal of ARC’s survey-based research conducted with DC Velocity earlier this year (see DC Velocity Infographic in June 2021 issue). Our survey was conducted with respondents across manufacturing, wholesale, retail, and logistics service provider (3PL) sectors.
These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain.
But how do we turn inventory management data and other key metrics into business intelligence? The account activity looks at inventory patterns. It also tracks the inventory turn rate. The turn rate is an important metric for measuring inventory management and sales. Please take this 4-minute survey.
A look at the supply chain trends and technology that will come into play in 2018. While predicting the future is never an easy task, in order to be competitive all businesses need to be able to accurately anticipate what trends will affect them in the coming year. Turney Thompson, vice president, Kenco Transportation Management.
On the Cerasis blog, our goal is to offer tips, news, best practices, and trends so you, the reader, find a lot of value in our expertise. Far and away the most popular supply chain blog posts for this year so far have to deal with history, facts, trends, and one having to deal with lean supply chain practices. We hope you enjoy!
Inventory tracking is among the top areas most impacted by omnichannel supply chain strategies, and consumer spending habits are forcing inventory tracking technology to evolve, making sure consumers can get the products they want, through the media and channels they want, and at the prices they want.
This process involves handling returns, which can be due to various reasons, such as damage, defects, seasonal inventory, restock, salvage, recalls, or excess inventory. They may recall inventory from retailers or reprocess it because it has passed its sell-by date or demand is insufficient. Forecast demand better.
This survey-based research gathers quantitative data as well as information on practices or performance drivers. This report provides a cross-industry perspective on digital transformation in logistics including digital maturity in inventory management, transportation, fleet maintenance, safety and compliance, and more.
A survey SYSPRO fielded during the early days of the pandemic showed that 47% of businesses were unable to function because operational staff completely relied on on-premises resources, and 37% were unable to provide the remote work capabilities they required. Inventory management. 65% were diversifying their business.
The future of the UK’s fast expanding subscription box market (subcom) looks bright if trends in the US are anything to go by – according to a new State of Subscription Commerce survey. 24 percent – Inventory Accuracy. • 16 percent – Inventory Obsolescence. With the number of UK deliveries predicted to grow from 40.1
Christoph Hemman, EVP Head of Airfreight Americas Region, DB Schenker said, “These trends directly impact the airfreight industry, which relies on both passenger and cargo planes to get goods from point A to point B. The post 5 Airfreight Trends to Keep On Your Radar Screen in 2023 appeared first on DB Schenker.
Often times at Logistics Viewpoints, we like to look to the future and highlight the key trends that we see in a given market, or make predictions about what technologies will emerge as game changers in the new year. Here are some highlights from these trends in 2023 and implications on supply chain planning. in December 2021.
You can take this short survey (10 multiple choice questions) by clicking here or the link below. Take the survey. Port traffic bottlenecks continue till today, as inventories across the country get stocked up post-season. . If you wish to read more about the issues the report will be addressing, continue reading below.
Ralf Duester, board member of the Bochum-based SCM software specialist Setlog, shows which trends will be important in 2024. At a glance: The top ten SCM trends in 2024 1. Open-source software is increasingly convincing In detail: The ten most important SCM trends in 2024 1. Skilled labour shortage forces action 2.
In fact, up to 70 percent of companies surveyed in Europe have already implemented cloud-based solutions to enable rapid scalability and flexibility. The use of wearables will continue to be one of the top trends throughout the remainder of 2016 and upcoming years as well. However, they also can stop problems with inventory management.
Students want to know that your company understands the trends and challenges that were already reshaping supply chains and has a vision for how to address them. Because in the APICS survey of millennials, 36% ranked cited the lack of a clear career path in supply chain as their top frustration. Will you equip me for the journey?
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content