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Jim Bierfeldt and Joe Lynch discuss the logistics buyers survey created by Jim and his team at Logistics Marketing Advisors. His expertise includes strategic planning, brand positioning, advertising, public relations, website strategy and design, and development of white papers, case studies and other content. About Jim Bierfeldt.
Based in Aberdeen, the new entity aims to pool resources, reduce costs, and boost profitability while increasing production from 140,000 boed in 2025 to 200,000-220,000 boed within five years. The ban forbids the placing and making available on the Union market, or the exit from the Union market, of any product made using forced labor.
Tesco Plc ranked the highest in the first-ever study of supply-chain policies from humanitarian group Oxfam America released on June 20, leading in transparency and worker-treatment metrics. For example, in South Africa, more than 90% of surveyed women working on on grape farms reported not having enough to eat in the previous month.
“The costs of a new product’s supply chain can easily outstrip its profit generation, and consistently poor new product initiative management leads to SKU complexity, which can cripple the company’s supply chain.”. It also outlines nine best practices to ensure that new product initiatives increase value. “The
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. Scorecards.
The survey was conducted by ISACA and the Digital Manufacturing and Design Innovation Institute (DMDII) in August 2018, captured responses from 167 participants from across ISACA, DMDII and Manufacturing Extension Partnership stakeholders. Three-quarters of U.S. manufacturing firms have fewer than 20 employees and 98% have fewer than 500.
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. However, the study points out dissatisfaction with outdated technology, which impacts productivity. billion annually.
In late 2023, Descartes conducted a survey of 1,000 supply chain and logistics decision-makers across North America and Europe across three sectors: manufacturing, distribution and retail; carriers; and logistics services providers. The study also provided insight into what companies are doing to address it.
In a survey of 54 senior executives, only about one in four believed that the processes of their companies balanced cross-functional trade-offs effectively or facilitated decision making to help the P&L (profit and loss) of the full business.” Meanwhile, inventory optimization and production scheduling are more of a black box.
As early as 2018, a Neilsen study found that fresh foods were “the primary driver of growth in retail stores, accounting for 49% of all dollar sales growth in the fast-moving consumer goods industry. The State of Fresh Grocery & Supermarket Supply Chai n. Two-thirds reported increases of up to 15%, and 18% said sales had risen 10-12%.
While companies are increasingly aware of the benefits of digital supply networks (DSNs), many remain in the early phases of adoption, according to a new study conducted by Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI). Speed is a primary consideration among manufacturing organizations surveyed.
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. Jason Miller.
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.
Last week, Dotcom Distribution launched their annual eCommerce study. They surveyed over 1,400 online shoppers to analyze their habits, preferences and expectations. While product quality is what truly drives sales, free shipping and returns promote brand loyalty. Download: Dotcom Distribution 2018 eCommerce Study.
In a global commerce world increasingly dominated by international marketplaces, e-commerce now plays a critical role in the way brands and retailers market and sell their products. The results address several core decisions that are driving the evolution of organizations today: .
Materials shortages , demand fluctuations and plan t closures have led many organizations to revisit their supplier relationships, as well as distribution and production locations. The company modeled scenarios and performed simulations in AIMMS Network Design Navigator with all their products grouped together.
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% of those surveyed have comprehensive knowledge and know-how and plan to provide the services, 1.5%
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.
According to a new research from the Auburn University RFID Lab and GS1 US brand owners and retailers using Electronic Product Code (EP)-enabled radio frequency identification (RFID) to optimize inventory management and reconcile product shipments are capable of achieving 99.9 percent order accuracy.
A 2023 survey by the International Trade Centre found that 73% of small and medium-sized enterprises identified regulatory compliance as a major barrier to international trade. Customs compliance also involves using the correct Harmonized Tariff Schedule (HTS) codes to classify products properly.
The findings were derived from an online survey of 250 executives at leading U.S. Fashion Industry Association (USFIA) benchmarking study saw the latter concern jump from 10th place in 2016 to first in 2017, a reflection of the change in Administrations and the President’s often harsh words for global trade.
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.
Innovation Labs are continuing to pop up, emphasizing the need for companies to invest in innovation to foster creative new solutions and products. According to a recent study by Pew Research study, 80% of consumers make online purchases, compared to just 22% in 2000. Kristi Montgomery, VP of innovation, Kenco. Smart Parts.
More impressively, by 2025, industry experts expect over 10% of gross domestic product (GDP) to be tied into blockchain. However, surveys show that roughly half of supply chain organizations are not even looking at the possibilities of the technology. last Thursday. High Potential but Little Investment So Far.
The following five mini case studies explore a few high-profile companies that have managed to sustain their supply chain cost-reduction efforts and keep expenses under control. With each Atom product being a single component, there was also no way to reduce duty payments. plants to four.
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.
Ninety-six percent of Americans have made at least one online purchase and 51% of those surveyed say they prefer to shop online. In a recent survey , 96% of survey participants said the availability of free shipping impacts their purchase decision. Consumers are deciding when, where, and how they shop. Fast delivery matters.
The latest trend report from the optimisation specialist INFORM reveals a positive development in internal logistics in German production companies. Only 10% completely agreed that production is the core of the company and logistics are only a necessary secondary function. of the surveyed companies.
In 2017, a study assessed extreme climate impacts on infrastructure in Europe. Project cargo weight on these possible compromised roads and railways should be a concern even with DOT route surveys. In the future, DOT may require additional route surveys and bridge studies for weight distribution.
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. Anne Reinke, the President & CEO of TIA, is placing her bets on the Fraud Task Force.
has today revealed the results of a multi-industry research study into the use of rugged technology, looking at key benefits such as productivity and cost saving, resulting in nine out of ten (90%) transport and logistics professionals who have experienced these first-hand, keen to invest in more. Samsung Electronics UK Ltd.
As a pioneer in warehouse technology and the development of solutions that empower warehouse workers, Lucas Systems recently commissioned a research study and developed the first Voice of the Warehouse Worker Insights. On-floor workers are willing to trade pay for better tech to do their jobs. Reduce mental stress. Jeopardizes safety.
We spend a lot of time researching products before we buy, but in the end we may still feel uncertain. Humans have a natural attraction (psychologists call it a cognitive bias) toward products and services that other people like. Interestingly, the less your customers know about your product, the more important social proof becomes.
That’s exactly what the recent study “Retailers: Sustainability is Not a Challenge, It’s an Opportunity” concluded. Conducted by Descartes and SAPIO Research, the studysurveyed over 8,000 consumers in North America and Europe for their perspectives on retailers’ sustainability practices around delivery operations.
Manufacturers like Hyundai are experiencing a shortage of components that threaten s to halt production. A recent online survey conducted b y MIT’s Center for Transportation & Logistics aimed to understand how companies are reacting to the Coronavirus outbreak.
Driver shortage is a major concern for companies striving to improve the performance of their fleet, according to a 2018 global benchmark study , conducted by Descartes, that surveys fleet managers from a wide array of industries and logistics providers. Key Trends Driving Change. The Financial Link. Technology Boost.
The National Private Truck Council 2021 Benchmarking Survey Report provides fleets with new industry standards to evaluate performance and identify opportunities for improvement. The 2021 NPTC Benchmarking Survey Report, which is sponsored by Penske, captures critical metrics from the 2020 calendar year, which was a time like no other.
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.
Ferguson PLC, value added distributor of plumbing and heating products, came out with their third quarter results on June 14 th. of in-stock products ship the same business day from our DCs; that is best of breed for any industry.” They sell over a million products that range in size from very small copper fittings to 40-foot pipes.
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. Organizations are exploring new territories, expanding production lines and evolving business models.
According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. ARC has been actively studying industrial AI for over two years. Knowledge Graphs are emerging as an important tool for building advanced AI capabilities. Celanese is an exception. They must be.
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.
Negativity in the workplace hurts worker productivity and costs money. Workers who are present but performing less than 100 percent due to illness or stress actually cost companies more on worker productivity than absent workers do, losing an average 12.4 days of productivity a year versus an average 3.5
While the disruption is now global, its starting point was in China — the 800-pound gorilla in global production. of worldwide gross domestic product (GDP), today, said MIT professor David Simchi-Levi, the country represents 16%. There will be some product rationalization and reduction in SKUs,” Bailey said. “If
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