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Many of today’s manufacturing trends are in line with the industry’s goals to improve processes, create more efficiency, and meet consumer demand. Let’s dive into the latest manufacturing trends. WHAT ARE THE LATEST TRENDS IN MANUFACTURING? million skilled workers by 2030. million skilled workers by 2030.
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. For the first time, mobile purchases have overtaken desktop purchases. On Thanksgiving Day, 59% of online sales were on mobile.
Jabil sponsored a global Dimensional Research survey to capture hard data on current experiences, challenges and trends with the supply chains of electronics manufacturing companies. The results show some of the biggest supply chain management trends in supply chains for 2015.
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.
Certainly, supply chain constraints are a partial cause of the current above trend inflation. Furthermore, there is much discussion about the word “transitory,” as used by Federal Reserve Chairman Jerome Powell to describe what he believes is like a short-term phase of price increases. Whitehouse Council of Economic Advisors.
Or have these concerns been replaced with cost-price inflation and compressed profit margins? These are questions ARC Advisory Group will seek to answer in our online survey research of supply chain executives over the next few months. Source: J.P. Manufacturing Purchasing Managers Indexes The J.P.
It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Direct spend can be a significant part of the Cost of Goods Sold for an organization.
Based on an annual survey of the National Retail Federation released in January 2025, American consumers are expected to spend a record $27.5 The floral industry encounters one of its busiest seasons with 40% of shoppers planning to purchase flowers this Valentines Day. billion on Valentines Day this year, with $2.9
It’s not news to anyone that digitization is a roaring trend and I’m here to say: embrace it. With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing.
Two seemingly conflicting trends are coming together that, if addressed correctly, could provide retailers with a competitive advantage and make them more profitable. So, how are these two trends mutually beneficial? Consumers are making purchasing decisions based upon environmental impact.
Performance today embodies not only the traditional measures of accuracy and cost-efficiency, but also responsiveness and agility. Warehouse operations historically strived to deliver the perfect order – the right product, at the right price, at the right time. But the results of the survey do identify some trends.
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.
These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. According to a 2018 Statista survey, visibility into that chain is a significant organizational challenge for 21% of supply chain professionals. Globalization As We Have Known It … Is Over’.
Things are changing in supply chain management: while cost-cutting has been at the top of the agenda for many executives for years, in future they will be increasingly concerned with the shortage of skilled workers, sustainability and resilience. At a glance: The top ten SCM trends in 2024 1.
While the concept of reshoring, also known as onshoring, has been a growing trend over the past decade, when the pandemic hit it introduced risk in a way that wasn’t previously considered. Multi-sourcing became more palpable as single sourcing – especially offshore – was understood to be a risky strategy.
Port jam leads to increased shipper & consumer costs. We’ve covered the clogged-up ports, elevated freight costs, shipping container shortages, and back-to-back ocean accidents for weeks… Now corporations are reporting losses in the millions as they prepare to close out Q1. A new survey from IBM says that’s about to change.
All metal fabricators realize that they have to do some analyses before the company purchases equipmen t or hires new people, but now there seems to be a new intensity about the process. By adopting a logistics efficiency management approach, logistics related costs as a percentage of sales drops to 4% to 7% depending on industry sector.
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. PPE shipments, which contributed to the surge in July, remain strong due to large-volume purchases by federal and state governments.
However, modern technologies are dramatically changing procurement trends and how procurement professionals operate and their role in the company. Why Is Technology Driving Procurement Trends and the Role of Procurement? After all, proposed solutions do not cost a company anything beyond data review until implementing those solutions.
An ecommerce store is a branded website where products from a single seller can be purchased over the internet. Building an online storefront can be as simple as adding an open-source shopping cart plugin, such as WooCommerce, to your WordPress website, or as complex as a custom-coded ecommerce platform like BestBuy.com.
This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. In fact, IT spend as a percent of business capex crossed over the prior ~10 year average in 2019 and we see that trend extending in early 2020.”.
The State of Supply Chain 2016 Trends. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. Most importantly, agile methods allowed for faster decision making across a virtually limitless stream of issues, and this trend held true throughout the year.
In the third annual State of Sustainable Fleets Market Brief , released today and available at no cost, transportation fleets continued to report a resounding trend — their use of clean fuels and advanced vehicle technologies is rapidly progressing. Report authors surveyed nearly 250 U.S.-based
A survey series by the Logistics Hall of Fame in cooperation with the logistics insurance broker Schunk Group looks at the current risks facing the logistics industry and how companies are preparing against them. More than ever, current trends and global political developments are creating new challenges and putting pressure on supply chains.
While it’s imperative to focus on budgets and business initiatives that will take precedence over the next year, it’s just as important to keep an eye on the big-picture trends that are shaping the industry. o9 Solutions’ supply chain experts and leaders are sharing their insights on the trends that could become prevalent in 2023 and beyond.
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. Up to 62 percent want to purchase online and have the option of returning it in-store, and 47 percent want promotions and coupons available through their smartphone.
In our conversation, Ken spoke about some of the findings from a recent survey Logistyx conducted on cross-border holiday spending, as well as some larger trends around the state of parcel shipping. Fourth, what are some industry-specific trends for parcel shipping? Industry Trends. Returns Management.
The CFO is also responsible for identifying opportunities to reduce operating costs without sacrificing the quality of the products and services offered by the company. Supply chain and transportation are two of the biggest cost centers in an organization.
Technology can help to simplify your supply chain management, which will enable your business to operate more efficiently, give you more visibility and control over your inventory, and help to reduce your operational costs. Source: Morai Logistics. Source: SupplyChainOpz.com. Check out the infographic below for all the facts!
Trends likely to drive Singles’ Day sales. A growing number of customers want to truly make a difference and are becoming careful about their purchases. Supply chain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game.
Just last month I noted that warehouse labor productivity was hindered extensively by COVID-19 and that 80 percent of ARC’s warehouse survey respondents anticipate an increase of order throughput volumes in 2021. Put differently, wage inflation beyond general inflation is a purchasing power gain to the worker. percent.
These clothing companies have revolutionized how consumers purchase, wear, and dispose of their clothing. With the growth of these sites and the rise of micro-trends driving consumerism, the fashion supply chain is rapidly evolving, leaving behind significant environmental challenges for future generations.
Rising online purchases over the past few years have increased the need for LTL. 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. Consumers are paying the price. Whitepaper.
The UK remains significantly ahead, with 45% of retailers surveyed currently offering the service, but France and the Netherlands are also making significant progress as both saw the figure rise from 6 to 16%. This means that 24% of the Top 500 retailers in the EEA now offer next-day deliveries.
In addition to the terrible human cost, the virus is also sending ripples throughout the global supply chain. The digitization of commerce created a path for giants like Amazon and Alibaba to dominate their respective storefront/fulfillment and sourcing roles in the market. The (Digital) Rise of SMBs.
Early 2022 was a time of incredibly high trucking demand and prices to match. In general, spot prices have been falling for several months in a row. Reefer trends have been similar, but the drop has been more dramatic. The cost is still lower than it was a few months ago — $2.42 lower in February 2023. The rate was $2.83
The service costs $5 a month per person, and delivery is free. Concern about supply chain disruptions triggered by the Lunar New Year holiday that began this week is running higher this year than last, according to a survey from the German container logistics platform Container xChange.
The latest Barclays-BDO Logistics Confidence Index has fallen to its lowest ever level since the survey began in 2012 as the sector deals with the fallout from the pandemic, skills shortages and concerns over Brexit. The survey assesses the expectations of more than 100 senior decision-makers across the sector. in 2019 to 47.1
Two seemingly conflicting trends are coming together that, if addressed correctly, could provide retailers with a competitive advantage and make them more profitable. So, how can these two trends be mutually beneficial? Consumers are making purchasing decisions based upon environmental impact.
Not genius or inspiration or flights of imagination, skill or cunning, but logistics.” — Tom McCarthy. Enterprises that did not adapt to new trends faced the brunt of COVID-19 pandemic. This was majorly due to their inability to understand and adapt to the changing logistics trends. “All great enterprises are about logistics.
According to a survey by McKinsey, 93% of supply chain executives plan to increase their investments in resilience, and 47% of them consider automation and digitization as the top priority. Autonomous shipping has the potential to reduce human errors, improve safety, lower costs, and increase efficiency in the maritime industry.
While businesses want to believe moving forward through selling product is the only way to achieve success, reality tells of customer returns, environmental considerations for equipment recycling and reuse, cost management, and the effective management of all the aspects between the three. Cost Management.
Cost savings used to be at the top of supply chain managers’ agendas. Take Germany, for example: the “Trends in Logistics & SCM” study conducted by the German Logistics Association BVL in 2023 shows that cost pressure was the most important topic for decision-makers in 2016, but in 2023 it only ranks fourth.
Because they are focused on ironing out weaknesses in the supply chain, a 4PL partner can help minimise costs by finding the best solutions for the lowest price. Sellers can interact with the company at low cost and minimal effort. Working with suppliers to plan smarter supply chain and reduce costs. Coles Collect.
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