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5 Trends Shaping Logistics with Ben Gordon. Ben Gordon and Joe Lynch discuss 5 trends shaping logistics and supply chain. In the interview, Ben reviews and discussed trends and interesting companies in ecommerce, final mile, cold chain, reverse logistics, and fulfillment. 3PLex was then purchased by Maersk. Ben Gordon.
Four key reasons why suppliers are critical for managing direct spend Innovation and Product Development: Suppliers often have deep knowledge about the materials, processes, and industry trends that can drive innovation. This may include developing shared roadmaps for product development, cost-saving innovations, and sustainability goals.
For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. There are several business processes that an ERP must have to support automotive distribution.
Image source: Pexels | 7 Cost-Saving Tips Every Supply Chain Manager Should Know Managing costs effectively is crucial for success in the competitive supply chain world. With logistics, labor, and inventory costs on the rise, finding targeted ways to reduce expenses can have a significant impact on your bottom line.
It’s time to shift from fragmented, ad hoc purchasing to a strategic, technology-driven approach. Tail spend — often unmanaged, fragmented and costly — can account for as much as 80% of total transaction volume. Without the right strategy, enterprises face hidden risks and unnecessary spend.
business logistics costs rose 5.4% business logistics costs were $2.45 Figure 1 shows a breakdown of logistics costs.) business logistics costs had been fluctuating around 7.4% business logistics costs had been fluctuating around 7.4% This year’s report finds that U.S. in 2024 versus 2023 to a total of $2.58
5 Trends Shaping Logistics with Ben Gordon. Ben Gordon and Joe Lynch discuss 5 trends shaping logistics and supply chain. In the interview, Ben reviews and discussed trends and interesting companies in ecommerce, final mile, cold chain, reverse logistics, and fulfillment. 3PLex was then purchased by Maersk. Ben Gordon.
As more consumers and businesses move to online platforms for purchases, the shipping industry must adapt to new demands. LTL carriers handle multiple shipments from various vendors on a single route, helping save time and reduce costs by maximizing truck space.
Today we’re going to look at some of the consumer trends that might affect your preparations for peak season 2024, and strategies to maximize them. Reduce shipping and inventory costs to gain pricing flexibility. 2024 Consumer Trends Early this year, HubSpot released its 2024 Consumer Trends Report.
That percentage of growth appears to be trending less in calendar 2025, with moderate growth forecast through the end of 2029 (Figure 1.1). Since mid-2022, carriers have started to shun the market as higher costs to operate & lower rates made sustainability a challenge. is anticipating year-over-year growth of 2.8
Image source: Pexels | Logistics Challenges and How to Overcome Them Let’s break down the most common logistics problems and how you can resolve them to improve your operations. From delays to cost increases, logistics teams encounter a range of obstacles that can hinder efficiency and affect the entire supply chain.
Traditional contracts rely on manual verification, third-party intermediaries, and complex legal frameworks, leading to delays, disputes, and increased costs. Intermediary costs Third-party auditors, banks, and brokers drive up expenses. Lost goods, fraud, and counterfeiting cost businesses billions of dollars annually.
It also doesn’t help that ocean shipping freight costs are up to eight times their pre-pandemic levels —and even higher for some routes. The escalated cost has changed the way shippers shop around for freight capacity. That’s pretty crazy,” Tsang said. What Shippers Want and Need.
SAP is embedding its generative Joule across the SAP Ariba source-to-pay solution portfolio to make it easier for their customers to manage routine inquiries, such as status updates, summarization, and frequently asked questions. When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.
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? Now, increasing output isn’t a new trend in manufacturing. DIVERSIFYING WORKFORCE.
This decision is more than just technical; its strategic, involving cost, agility and long-term value considerations. A pest control company executive or manager might request a specific analytic output about service efficiency one day and ask for a completely different one about recurring customer trends the next.
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.
Those have been driven by events like the Covid pandemic, the explosive rise of e-commerce and its enabling technologies, the emergence of private fleets and last mile as its own submarket, and the fundamental reordering of how consumers look for and purchase goods of all types—and their seemingly insatiable appetite for next-day delivery.
According to Nasdaq, by 2040, 95% of purchases will be facilitated through e-commerce. Top trends shaping e-commerce in 2019: Improved shopping experience on mobile devices. The post Top E-Commerce Trends in 2019 appeared first on Talking Logistics with Adrian Gonzalez. Augmented reality.
Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.
That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.
To achieve traditional supply chain outcomessuch as reducing costs and managing lead timesTMS systems generate insight and foresight into these metrics during planning and execution processes. Companies should evaluate it alongside cost, lead time, on-time delivery, and capacity utilization.
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.
Spot freight provides a short-term way to source capacity and boost procurement outside of contracted rates whether TL or LTL. So let’s take a closer look at the top spot freight market data analytics sources that power SONAR. Electronic tender data The first and perhaps the most important data source is electronic tender data.
Customers save on the cost of delivery, and enjoy the speed and convenience of picking up their order from a nearby location when it suits them. This post looks at how click & collect works, why demand for it is trending now, and what retailers can do to ensure click & collect experiences that are also good for their business.
The time when Procurement was almost a synonym to Purchasing has long gone. It all depends on an organisation’s maturity in skill, infrastructure and culture. What skill sets are required for the next generation of procurement leaders? Instead, it should be an information exchange virtual platform.
Warehousing and distribution management is nota core skill. Related to the core skill issue, often organisations that have a strategic focus other than in transport or warehousing, cannot attain the desired performance levelsand key performance indicators (KPIs) required by their customers. But what about cost of service?
Increases in fuel, disruptions in supply chain and rising labor costs have severely impacted business’ margins. Various factors will continue to influence Supply Chain Management trends in 2023 and beyond. Increasing Supply Chain and Delivery Costs. Today, less demand for truck capacity results in lower trucking rates.
As consumers become more aware of the impact of their purchasing decisions on the environment, businesses are under increasing pressure to reduce their carbon footprint and adopt more sustainable practices. The post Sustainability and Environmental Trends in the Logistics Industry appeared first on More Than Shipping.
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.
In addition to the surge of demand during this tight holiday window, brands have offered earlier offerings and expanded the sales period to encourage a longer shopping period enabling end consumers to allocate more towards holiday purchases. This trend was compounded further in recent years. Billion globally in 2024.
A recent supply chain planning market analysis released by the ARC Advisory Group suggests EY has picked up on a trend. While executive support for purchasing SCP has waned, future sales of supply planning are still linked to a suppliers ability to support agile planning. For SAP, good planning relies on robust collaboration.
The trend is a continuation from what was experienced in April and during the first quarter. Source: Company updates A prolonged freight downturn and a sagging industrial sector have weighed on LTL demand. Retail diesel fuel prices were off 8.5% year over year. Lower volumes were again only partially offset by higher yields.
The future of e-commerce undoubtedly lies in embracing sustainability, with current trends and future projections pointing towards a more environmentally friendly landscape. Current Supply Chain Trends in Green E-commerce 1. They are investing in renewable energy sources, reforestation projects, and carbon offset programs.
While the end of COVID-19 is (hopefully) near, its effects will have an enduring presence on the retail landscape and, subsequently, this year’s eCommerce trends. Before 2020, there was a clear distinction between online and offline purchases. To get up to speed, just keep reading! Stiff Competition. With a 30.4% New Buying Habits.
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.
Optimizing fulfillment requires a series of steps to get a shipment from its source to the end customer. These steps include sourcing and receiving inventory, storing inventory, order processing, picking and packing an order, shipping the order, and returns management. The question then becomes what is a good OTIF score to shoot for?
Operational costs continue to increase for carriers year to year. Although many carriers have worked diligently towards reducing operational costs and increasing profit margins, there is still work to do for the top for-hire truckload freight carriers to improve. Operating Ratio.
Or have these concerns been replaced with cost-price inflation and compressed profit margins? Source: J.P. The third trend is that global trade growth appears to be gradually slowing. Manufacturing Purchasing Managers Indexes The J.P. But what about now? Do supply chain bottlenecks persist and if so, where?
Sustainability is one of the most important trends of our time that is set to dominate business discussions and decisions making for a long-term basis. It merges with important factors such as quality, cost, reliability, just in time, with flexibility and innovation for […].
Image source: Pexels | Everything You Should Know About Automation in Fulfillment Logistics Introduction to Automation in Logistics Have you ever thought about how Amazon delivers packages quickly and efficiently? In short, automation in logistics is a major step forward for companies that want to be more efficient and reduce costs.
After the Thanksgiving holiday in the US, a co-worker in Florida commented that her grocery store was restricting cream cheese purchases, creating a buzz and taking national airtime during the Christmas season. Supply chain pressures have caused inflationary pricing for everything all around.
First, what are some things companies can do to reduce delivery costs and how does technology play a role? Third, how can both retailers and logistics providers better cooperate to provide enhanced service and reduced costs? Reducing Cost per Delivery Reducing cost per delivery is a critical KPI for companies.
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