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Jim Bierfeldt and Joe Lynch discuss the logistics buyers survey created by Jim and his team at Logistics Marketing Advisors. 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.
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. LMA’s approach recognizes that logistics services today are BOUGHT, not sold.
His primary research stream examines firms’ logistics operations, with an emphasis on studying motor carrier safety, productivity, pricing dynamics, and driver turnover. He was recognized as the undergraduate faculty member who had the greatest impact on students based on the 2017 graduating senior survey. Supplier development.
This article explores the disruptive nature of supply chain disruptions, the significance of collaboration in managing direct spend, the role of Purchase Order (PO) Collaboration in tracking materials throughout the order cycle, and real-world challenges faced in PO Collaboration.
A new study released today by the Global E-Commerce Leaders Forum ( GELF) highlights growth and distribution strategies brands and retailers should implement to optimize international e-commerce operations now and in the future. The results address several core decisions that are driving the evolution of organizations today: .
Many factors need to align for an organization to be able to source materials, produce a product and put it in the hands of customers. The survey’s results suggest a series of misalignments where gaps in process, technology and information flow can be a drag on productivity and optimization.
While studies show that consumers want sustainable products, only 5%-10% will actually pay a price differential for that,” Sheffi says. Reducing energy costs often reduces GHG emission. And finding alternative energy, which again reduces GHG emissions, is the next step. The ROI of Natural Gas.
This technology makes it possible for manufacturers, businesses and individuals to print exact working replicas of parts and products using metals, plastic, composite materials, and even human tissue. The EFT study revealed that 19.2% The EFT study revealed that 19.2% The study found that only 1.5% However, only 1.5%
reveals that the 900 supply chain executives surveyed were more likely to say that they see their function in two years as a cost efficiency driver (60%) or a support function (68%) than as a competitive differentiator (48%) or a growth enabler (53%) within their organizations, which can leave significant value on the table.
And at the end, check out a nice infographic speaking more to reverse logistics strategies and practices. Throughout the course of business, there will be a series of recurring updates for equipment, software, and materials. Alternatively, the same item may be sold to discount stores at a portion of the original cost-of-manufacture.
Celebrants intend to spend an average of $86.79, up from last year’s $86.13, with more than 175 million Americans planning to partake in Halloween festivities, according to the annual study that has been conducted over the past 14 years by Prosper Insights & Analytics for NRF. Out of the 31.3 Where do the ideas come from?
A new study from the University of Tennessee, Knoxville’s Global Supply Chain Institute suggests some of the fault resides in the tendency of organizations to omit supply chain considerations when assessing a new product’s business case. “A Note: This article originally appeared on the University of Tennessee Knoxville website.
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. Mini Case Study: Walmart.
Adoption of the technology is slow but manufactures feel it can dramatically reduce the time to make strategic decisions as well as help them operate more efficiently and effectively. The study, "Embracing a Digital Future," reveals a disconnect between executives’ opinions of their DSN efforts and actual implementation.
A growing number of consumers are asking the brands they buy from to invest in sustainability throughout the supply chain, from the materials they use to make products, to the transportation options they use to deliver products. An IBM study found that 57% of consumers are willing to change their shopping habits to protect the environment.
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. Supply Chain Strategy. In 2014, a survey by Tompkins Consortium delivered a shocking revelation. SEE ALSO: Supply Chain Strategy Development.
A National Retail Federation report found that 92% of companies surveyed had been a victim of organized retail crime in the past year. The report found that 92% of companies surveyed had been a victim of ORC in the past year and that 71% said ORC incidents were increasing. Printer-friendly version.
Their associate engagement survey allows Ferguson to understand the driver’s impacting engagement across their 31,000 employees. The survey focuses on four engagement questions on advocacy, pride, satisfaction and commitment. 56% of employees surveyed were engaged. Ferguson does 20 to 30 studies a year using this tool.
In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet.
The Superconductivity Prelude Late in July 2023, South Korean researchers made headlines with a potential discovery – now mostly debunked – of a material that enabled superconductivity at room temperature. Specifically, 53% anticipate a limited reduction, while 31% foresee substantial cuts. I dove in too.
In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation. Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts.
Regardless of their size, companies are reassessing their global supply chain strategies. By diversifying suppliers across different regions, companies can reduce the impact of localized disruptions. and European companies to reevaluate their supply chain strategies. What are the benefits of supply chain risk diversification?
From 2010 to 2020, they also reduced emissions across their global operations 52% through energy efficiency and renewable electricity. net sales were represented by suppliers who reported to one or more sustainability surveys. 90% of their raw materials are purchased from sustainably managed forests. million barrels of oil, $37.5
A GT Nexus study found 75 percent of respondents describe digital transformation of the supply chain as “important.”. That same study found only 5 percent of those surveyed were very satisfied with their digital progress so far. a provider of integrated material handling and storage systems for industrial operations.
Supply chain professionals aren’t getting the cost information that they need according to a recent survey from APICS and the Institute of Management Accountants. In the study, " Working Together to Enhance Supply Chain Managment with Better Costing Practices.
Using RFID, companies can triple their order accuracy and reduce chargebacks. Measuring a sample of more than 1 million items from five leading retailers and eight brand owners, the study also found that when RFID was not implemented, 69 percent of orders shipped and received from brands to their retailer partners contained data errors.
And according to a recent survey by Kenco, 94% of survey respondents feel that it’s important for their 3PL provider to have a competency in technology and innovation, and more than half expect their 3PL provider to be investing in innovative technologies (another 32% want to co-invest). Kristi Montgomery, VP of innovation, Kenco.
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. Greg Toornman – vice president global materials, logistics and demand planning at AGCO – told more of this story in a panel at ARC’s Supply Chain Forum. We never had that before.”
This estimate is according to responses provided by 83 percent of the manufacturing executives who participated in a survey conducted as part of an industry study by the Manufacturing Institute and Deloitte Consulting LLP. Skills Shortages. skilled production workers. researchers. machinists. scientists.
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.
A famous 2010 HBR article, “Roaring Out of Recession,” studied how 4,700 public companies fared during the recessions of 1980, 1990, and 2000. With the right data you can reduce your overall transportation costs, both accessorial costs and overall freight spend. Reduced working capital. Faster order-to-cash.
Zebra Technologies Corporation today released the findings of its 2023 Global Warehousing Study, which confirmed 58% of warehouse decision-makers plan to deploy radio frequency identification (RFID) technology by 2028 which will help increase inventory visibility and reduce out-of-stocks.
76% of the 121 surveyed specialists and executives find in-plant transport jobs relevant or very relevant to the overall success of the company,” says Torsten Inkmann, Director of Industrial Logistics at INFORM. of the surveyed companies. Nevertheless, the study shows that many digitisation projects are still in their infancy.
Manufacturing companies that have relied on China for production materials are feeling the blowback of this dependence; some retailers source more than half their inventory from China, according to 2020 Statista data. There will be some product rationalization and reduction in SKUs,” Bailey said. “If
survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally. ERP allows CFOs to identify potential efficiencies, enabling costs to be reduced across the organization.
SYSPRO ’s 2020 survey, The Inflection Point for the Factory of the Future , showed that only about one-third (38%) of manufacturers’ business systems had enabled them to meet the challenges posed by the COVID-19 pandemic. Similarly, a 2021 study from McKinsey showed that just 19% of companies that had adopted Industry 4.0
Case Study. BlueGrace Logistics sought to learn more about this dynamic and teamed up with FreightWaves to survey shippers about the state of the LTL market and their approach to LTL shipping in today’s environment. Shippers shared their thoughts about shipping and consumer demand in our survey. The Logistics Blog®. Whitepaper.
Decades-old case studies seemed stale, so students wanted to know how real supply chains have dealt with the pandemic and what their response bodes for future. If AI can automate mundane tasks to reduce the tediousness of their jobs, they will be all for it. Will you equip me for the journey? Supply chains are human.
A study by Wharton Business School found that this group is mainly interested in supporting brands that are ethical, caring and strive to do the right thing. What makes a brand trustworthy to Millennials and Gen Z? . Media Image. transactionID. ceb6c69c-9758-4423-b2a1-96708ecd3773. workspace://SpacesStore/f7945d26-f192-44df-8d28-5dd15ce4802f.
However, a new study shows that the deterioration in receivables is masked by a significant slowing of payments to suppliers. Overall, the survey found the companies had a Cash Conversion Cycle (CCC) of 33.8 The 1000 largest non-financial companies in the U.S. In 2017, companies significantly extended payments to suppliers, taking 3.4
Recently, a Grand View Research study shows that the cold chain market was estimated at USD 233.2 Recently, there’s been an increased demand for temperature-sensitive drugs (think covid vaccines and biologics), rising demand for better food quality, a surging need to reduce food waste, and growing demand for generic drugs.
The seven industry bodies dedicated to container safety, collaborating as the Cargo Integrity Group, highlight an independent study carried out by researchers at Italian University Politecnico di Torino into shipper and forwarder application of the CTU Code.
In a recent Forrester study, they found the problem to be poor quality data. Success here can drive significant revenue opportunity and reduce costs, ultimately greatly increasing the stature of procurement in an organization. Be proactive about your suppliers! Foundation, Foundation, Foundation. Master Innovation.
9 Tactics to Build a Best in Class Manufacturing Safety Program to Impact your Bottom Line: “Over 60% of the CFOs in one survey reported that each $1 invested in injury prevention and manufacturing safety, returns $2 or more. Read Full Post. Read Full Post. Read Full Post. Let us know your thoughts in the comments section below!
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