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Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. The division’s solutions help companies improve operational efficiency, reduce costs, and enhance customer satisfaction. Episode Sponsor: Greenscreens.ai The Greenscreens.ai
Sitting Down with Mike Hain, Lead of Industry at Descartes to Discuss the 8th Annual TMS Benchmark Survey Mike Hain has over three decades of experience spanning transportation-based projects, executive consulting, various software organizations, and now go-to-market solutions with Descartes.
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.
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.
Plus, prepaid services reduce billing and collection costs while providing crucial working capital for early-season expenses. Start by analyzing your current customer communication strategy. Estimate Letter Best Practices Your estimate letters should balance professionalism with persuasion while providing clear value.
The importance of an omnichannel supply chain strategy cannot be overstated. According to Randy Strang of Supply Chain 24/7, a survey of the most important parts of a shopping experience found customers’ expectations are more than meets the eye. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service?
2018 is looking good according to a recent survey of manufacturers. The 2018 Leading Edge Alliance (LEA) National Manufacturing Outlook Survey found that manufacturers have a more positive outlook about the economy for 2018 than in 2017. The dichotomy of growing sales while cutting costs may also present a challenge.
A plan is necessary, possibly based on one of the following strategies. Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Reverse Logistics Strategy 1: Don’t do it! Clearly, successful reverse logistics cannot be left to luck.
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.
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.
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.
In the context of cross-industry implementation of continuous-flow and lean manufacturing, delivery volumes are shrinking and delivery times are being reduced. At the same time, competitive pressure is increasing and all parties are trying to cutprices and costs. Adapt the freight allocation strategy to handle scarcity .
Though corporations are starting to pay attention to supply chain sustainability, less than half of those surveyed in the CSCMP report know how to make their processes more sustainable. This can be done through street turn matching, which reduces empty miles that generate significant carbon emissions. In the U.S.,
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% The flooding has cut off entire villages from power, trapping them due to highway closures, and ruining farms in regions popular for agriculture exportation.
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. Drones can be programmed to survey specific locations regularly, detecting early signs of pest infestations.
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? If you can’t lower your price, then offer free shipping and mention it in your meta descriptions. What is a Multichannel Sales Strategy?
The disproportionate increase in freight volume compared to capacity availability inevitably sent freight prices skyrocketing across all major trade lanes, causing widespread anxiety amongst shippers. A report will be developed based on the survey responses and will be sent out to the respondents’ email addresses upon release.
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%
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.
Fortunately, there are effective strategies you can employ to reduce your e-commerce store’s shipping costs. These platforms generally negotiate rates with carriers and offer pricing discounts or accessorial fee waivers based on shipping volume. Check USPS Rates For Options to Reduce Shipping Costs .
Cassidy | JOC.com September 25, 2023 US shippers uncertain about sales and order volumes this holiday season are likely to increase less-than-truckload (LTL) shipments despite lower truckload rates, data from an industry survey suggests. Market conditions pushing more freight to LTL carriers would exacerbate LTL price increases.
OneRail is among the last mile technology vendors surveyed in the report, which focuses on optimizing fleet operations. The report surveys 20 current last mile technology vendors, and provides a column-by-column comparison of features. These include delivery windows, number of delivery stops on a specific route, delivery pricing, etc.
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.
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. Consumers won’t trade quality and performance for sustainability.”.
This post is from a press release sent to us regarding the recent survey of the 3PL industry. This survey continues to point towards the success 3PLs are having for their clients. Survey Points to Continued Success of Shippers and the 3PL Industry. No matter what type of 3PL there is, each brings value to their customers.
When it comes to how they are using it, there is also a clear trend, with 75% deploying AI for pricing (like freight rate management ) and another half tapping it for shipping operations, while others are branching into sales or customer support with AI. Specifically, 53% anticipate a limited reduction, while 31% foresee substantial cuts.
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.
Over the last two years, fuel prices have increased 72% per gallon. While oil prices are particularly difficult to predict, there are ways to mitigate the impact of these rising fuel charges. Track and reduce non-revenue generating miles. According to a 2020 survey by ATRI , 20.6% of miles were reported as deadhead.
Companies are investing more money into sustainability initiatives, seeking to reduce waste and carbon emissions. More recently, we have seen a push towards building a circular supply chain to eliminate waste and build a continual use of resources. The Sustainable Supply Chain. Supply chain sustainability takes on a lot of forms.
Global trade regulations and conflicts, as well as tariff threats as a political tool, could cut off sources and markets and push your business plan into the red. Your transportation consultant can help develop response strategies to ensure your supply chain continues to operate while the problem is addressed.
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.
It may be off a lower-than-normal base price but for importers and exporters suffering from lower sales, it’s almost certainly troubling news. The decrease in logistics costs led 35% of importers to lower their product prices, possibly contributing to the easing of inflation rates.
As per research by supply chain dive , 59% of retail participants that were surveyed told that they would hike pricing to mitigate impact from supply chain disruptions and 36% said they were taking a margin hit to keep price levels. And it does translate to serious business losses. The answer lies in technology.
Crafting an integrated supply chain strategy that helps retailers deliver on their promise and keep prices competitive is at the heart of this challenge. Ninety-six percent of Americans have made at least one online purchase and 51% of those surveyed say they prefer to shop online. Increasingly, they are shopping online.
As the largest global collaborative network connecting shippers and carriers, the Transporeon Group periodically surveys its base of more than 3,000 North American carriers to see how market forces are shaping trucking businesses today. Drivers are also demanding higher pay and better working conditions, which can also drive up pricing.
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.
Soft pricing, lower demand, and economic uncertainties are creating a complex landscape, and the shipping industry is gearing up to face these issues head-on. The persistent soft pricing in the shipping sector is expected to extend into 2025, a consequence of capacity outpacing demand. The overall climate in the market is uncertain.
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.
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.
Furthermore, inflation has become a growing concern, causing price pressure up and down the supply chain. 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. The study highlighted a number of areas where these gaps arose.
“Results from the 2017 study show that roughly 75% of respondents are using the mix strategy (be all things to all people) as the predominant approach for their companies compared to the 51% who we reported utilizing a mix strategy in our 2016 results. and 30.9%, respectively,” says Logistics Management. The Structure of Service.
Most notable is the extreme volatility in volumes, prices, and disruptions that have occurred. However, GEP And S&P Global publish the GEP Global Supply Chain Volatility Index based on data derived from S&P Global’s PMI surveys. Of course, prices tend to jump from supply and demand pressures.
Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. In our own survey of 3,000 shippers, over 60% of technology decision-makers said they desire improvements in visibility. Gartner research on real-time visibility.
In 2020, he received the most votes individually across all sectors and regions in the European Institutional Investor survey and was named the No. NYSE: XPO ) provides cutting-edge supply chain solutions to the most successful companies in the world, with two business segments: transportation and logistics. About XPO Logistics.
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