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
He is responsible for driving strategy, customer engagement, and industry analysis. He leads a team of market experts who study every facet of the logistics industry to bring the best available insight to customers. Prior to joining DAT, Adamo led the pricing and decision science teams at FedEx.
Chip Humitz , Marketing and Strategy Director, and Scott Waraniak , Executive Producer and Partner, at Lunar North , a branding and motion design studio, discuss strategies for achieving pricing power in the logistics industry. Chip has worked in marketing and brand strategy for over 25 years.
About Jonathon McKay Jonathon McKay is a highly experienced partner at PATH specializing in exceptional growth strategies for the supply chain industry. Focused on logistics, manufacturing, and distribution channel strategies, Jonathon helps organizations make confident decisions for bold growth. The Greenscreens.ai
We deliver the reliability brands have come to count on, while offering freedom from egregious price increases, hidden accessorial fees, and lackluster support often seen from legacy providers. Maergo has a comprehensive network of providers, eliminating the need for brands to manage multiple carriers.
A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. Below are some transportation strategies for success for suppliers of TMS, TES, and MTS. Coronavirus has changed the outlook for direct-to-consumer commerce, and a TMS is now a critical component of this strategy.
They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Companies must react after the fact, often incurring higher costs and reduced service levels. Predictive maintenance of transportation fleets reduces downtime and repair costs.
The onus is on ecommerce retailers to control the controllables, and focusing on eliminating uncertainty from the consumer fulfillment process and optimizing the last mile is a smart approach. By mapping customer delivery personas to the delivery choices they offer, retailers can improve fulfillment certainty to protect margins.
Phillip is the Founder and CEO of Arka , a tech enabled packaging platform that provides custom and unbranded eco-friendly packaging to SMBs at competitive prices. About Arka Arka is a tech enabled packaging platform that provides custom and unbranded eco-friendly packaging to SMBs at competitive prices.
He studied Logistics and Operations Management at The University of Missouri-St. Brian has worn many hats in his 8 years at LTI, holding various roles with responsibilities in operations, sales, pricing, customer success, and network strategy.
Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
To that end they explained why maintaining a high stock price was important to the company: So they can raise money more easily for growth. This was all about stock price. These study missions were quite eye-opening for the participants. Elimination of waste: Focus on adding value. Customer-driven. Management leadership.
If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.
Key Shipping Trends for 2025 Let’s explore the key shipping trends for 2025 and discover practical strategies for logistics providers to implement, ensuring they remain competitive and responsive to these upcoming changes. Studies predict that fuel costs may rise by 10-15% by 2025, making efficient routing a priority for logistics providers.
Our academic research continues to show that contracted freight in a hierarchical route guide provides great service and price. The short answer is “yes,” as long as you have a segmented freight portfolio strategy for both the contract market and the spot market. Segment your freight portfolio.
You can cut costs without cutting corners. According to industry research, businesses that optimize their shipping strategy can reduce costs by up to 30%. Ship Smarter by Consolidating Your Shipments One of the easiest ways to reduce costs is to consolidate shipments whenever possible. The good news?
Andrew Walleck has 16 years of experience in Operations, Strategy, Merchandising, and eCommerce across a variety of industries. Andrew has his WSET Level 3 and is currently studying for his WSET Level 4 Diploma. About Andrew Walleck. Prior to that, he was a management consultant to Corning, Inc., Eaton, and others. About Wine Access.
It increases site productivity, reduces the usage of raw materials by up to 50%, but also leads to a more comfortable building. However, their carbon reduction goals for their value chain operations for 2030 will not be changed. However, their carbon reduction goals for their value chain operations for 2030 will not be changed.
In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. This enables 3PLs to optimize inventory levels, reducing the risk of overstocking or understocking, even in uncertain economic times.
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. This proactive approach reduces the reliance on intensive control measures, allowing for more efficient pest management strategies.
Insulating against disturbances to the supply chain through critical weather strategies has proved effective in cutting down delays and costly overages. With such disruptions come reductions in workforce, tightened capacity, fewer logistics options, increased risks and increased costs. More Hurricanes.
With costs rising recently, it’s easy to see why the challenge for many companies has been to reduce their transportation costs. Before we jump into how to reduce your transportation costs, it’s essential to understand what factors are causing them to rise. STEPS TO REDUCE TRANSPORTATION COSTS. CUT YOUR MANUAL PROCESSES.
According to a study conducted by Harvard Business Review, 73% of retail shoppers use multiple channels to shop. Another study by Retail Dive found that the average engagement rate of marketing campaigns using three or more channels was 18.96% (that’s the average across all channels!) What is a Multichannel Sales Strategy?
At Logistics Viewpoints, we have written about how companies are looking to reduce carbon emissions, especially when it comes to transportation. As the world’s largest retailer, with a world-class transportation network, we have the ability to make a meaningful difference when it comes to reducing greenhouse gas emissions.
Data for the BlueGrace Logistics Confidence Index is aggregated through a survey of shippers and reflects all freight transportation modes, while correlating growth or shrinkage to the overall industry volume of shipments and the price of products, according to BlueGrace.
Plenty of cost-cuttingstrategies are being employed by Supply Chain Management leaders, but the potential long-term implications often remain unseen. Speaking of implications, let’s delve into the top cost cuttingstrategies that businesses implement but could negatively impact supply chain performance: 1. Achieving 99.5%
She says it’s going to study the latest marketplace trends, come up with strategies to tackle fraud within brokerage operations and work on short, medium, and long-term legislative and regulatory solutions. Lastly, partnerships and relationships as they play a pivotal role in emission reduction and efficiency gains.
While studies show that consumers want sustainable products, only 5%-10% will actually pay a price differential for that,” Sheffi says. Cutting energy costs is the poster child for this,” says Sheffi. “In Reducing energy costs often reduces GHG emission. The answer, he says, is easy and achievable—energy.
His primary research stream examines firms’ logistics operations, with an emphasis on studying motor carrier safety, productivity, pricing dynamics, and driver turnover. Manufacturing strategies. Withrow Endowed Emerging Scholar at Michigan State University’s Eli Broad College of Business. Supplier development.
Eliminate All Waste in the Supply Chain So That Only Value Remains. o Energy-(Sometimes called the eighth waste): eliminate wasteful energy in the supply chain: minimize electricity, gas, utilities, etc. Reduce Lead Time. Increase Velocity, Throughput and Reduce Variation. o Lead time—excessive wait times.
Retailers and wholesalers are trying to put the brakes on that shift, changing inventory and transportation strategies to minimize costs and slow down rather than speed up supply chains, according to BlueGrace Logistics, which produces a quarterly LogisticsConfidence Index (LCI).
By leveraging these technologies, businesses can optimize operations, reduce costs, and make smarter, data-driven decisions. In warehouses, robots use matrices to determine the fastest routes for retrieving and packaging goods, reducing human error and improving efficiency.
It’s therefore important for these companies to understand all the costs associated with developing, producing, marketing, selling, and delivering products so they can be priced appropriately.? But according to a study from Neilson, fully two-thirds of trade promotions don’t break even!
Over the years, marketing strategies have evolved with the times, the advent of technology, and changes in consumer behavior. Why a Solid Marketing Strategy is Important A marketing strategy refers to a business’s action plan for achieving its short and long-term goals and developing a sustainable competitive advantage.
If your business is experiencing a persistent reduction in profit margins, analysing your cost to serve is an advisable step in diagnosing the causes. Process Performance What if the problem isn’t connected to products, customers, or pricing but lies instead with process performance? Are Your Profit Margins Declining?
Fuel costs: Last-mile fuel costs require careful management as they make up 25% of a truck’s operational costs over volatile price fluctuations. Read also: A Study of Unit Economics in Last Mile Delivery Is it essential to reduce last-mile delivery costs for vehicles? These include: 1.
The underlying rationale is that such systems can enhance efficiency and productivity by reducing the time and cost associated with manual handling processes. The use of automated cargo handling equipment reduces the need for human involvement in the physical loading, unloading, or movement of containers within the terminal.
Adam White Promoted to VP of Marketing Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search Adam Blankenship - July 29, 2024 BlueGrace Logistics Promotes Adam White to Vice President of Marketing TAMPA, FL (July 29, 2024) – BlueGrace Logistics (BlueGrace), a leading Third-Party Logistics (3PL) provider (..)
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. Specifically, 53% anticipate a limited reduction, while 31% foresee substantial cuts. Key Insights: AI is mostly (but not only) talk.
According to the findings from the “26th Annual Study of Logistics and Transportation Trends (Masters of Logistics)”, more companies are beginning to understand that new business models and new competition in the field are changing customer expectations. and 30.9%, respectively,” says Logistics Management. The Structure of Service.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. In a study commissioned by Blue Yonder, it is estimated that a typical $10 billion company can save $14.1 The study predicts that a $10 billon company can realize over $31.2
With factories around the world humming, demand for raw materials is fast increasing pushing the Bloomberg Commodities Spot Index, which tracks the price of 22 raw materials, the highest since December 2014. The Bloomberg Commodities Spot Index, tracking the price of 22 raw materials, jumped to its highest since December 2014 on Jan.
The logistics industry has grown so complex, with so many challenges such as regulatory changes, capacity issues, pricing fluctuations, and worsening weather events, that customers are looking for a one-stop shop, backed by assets and technology, to help them navigate the current shipping environment.
View the Full Case Study. Nussbaum Transportation Services adds value throughout its enterprise and uses data proactively to manage pricingstrategies. Applying freight rate predictions to ensure Nussbaum can offer competitive pricing without undercutting margins. Director of Pricing at Nussbaum Transportation Services.
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