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Jim Bierfeldt and Joe Lynch discuss the logistics buyers survey created by Jim and his team at Logistics Marketing Advisors. He ran marketing for a large 3PL before launching his own marketing agency, Logistics Marketing Advisors, which focuses exclusively on providing marketing strategy and services to logistics businesses.
In today’s fast-paced e-commerce landscape, last-mile delivery has emerged as a critical component of the supply chain. To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain.
Supply Chain & Logistics News December 2nd – December 5th Experts claim that Cyber Monday the Monday following Thanksgiving is one of the busiest days for deliveries followed by the Mondays leading up to Christmas. As the demand sees no end and trade wars wage on, the future of the supply chain will not come without hiccups.
According to research by Ernst & Young LLP, the global consulting firm, as the Covid crisis recedes, supply chain executives are losing the strategic gains they made with their C-suite counterparts. 28% of supply chain leaders cite cost reduction as one of the top three priorities currently.
Manufacturing leaders who built resilient supply chains were successful in 2021, despite the many supply and demand fluctuations. Supply chain visibility, collaboration, and orchestration are now the top priority for executives. Based on extensive research, TadaNow offers eight trends we believe companies should plan for: 1.
He ran marketing for a large 3PL before launching his own marketing agency, Logistics Marketing Advisors, which focuses exclusively on providing marketing strategy and services to logistics businesses. They have been featured in leading industry publications such as Logistics Management, Supply Chain Management Review, and FreightWaves.
The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. First reaction s to the outbreak . – Tweet this.
Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Supply chain professionals know it can be extremely challenging to drive day-to-day operational excellence and pursue innovation at the same time. Our recent survey showed that only 17% of organizations make it a priority to invest in innovation.
Integrated Business Planning (IBP), as defined by its creators at Oliver Wight , is “the business planning process that extends the principles of S&OP throughout the end-to-end supply chain, product, service and customer portfolios, customer demand and strategic planning, to deliver one seamless management process.”
Manufacturing leaders who built resilient supply chains were successful in 2021, despite the many supply and demand fluctuations. Supply chain visibility, collaboration, and orchestration are now the top priority for executives. Based on extensive research, TadaNow offers eight trends we believe companies should plan for: 1.
In a survey of 150 global manufacturing executives, 47% committed to improving supply chain visibility and tracking. According to the Global Supply Chain Disruption and Future StrategiesSurvey Report, this goal was the top-ranked planned tool investment. What is supply chain visibility?
According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. What should supply chain leaders be looking for to close the talent gap? AGCO Logistics Team Accepts Prestigious Supply Chain Award. We need people that are adaptable.
Today’s article is the fifth part in a series featuring surveys from APQC on supply chain topics including ESG in supply chain , environmental sustainability , last mile , digital transformation. In May 2024, APQC gathered insights from supply chain professionals on Robotic Process Automation in supply chain.
Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. In 2023 alone, over $100 billion was invested in EV and battery supply chain M&A deals. billion in the 12 months through November 2024), is supporting electricity costs.
An enlightening new report indicates that this strategy corresponds to strong financial performance for shippers and logistics service providers (LSPs). The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.”
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. Companies are changing their hiring strategies to attract workers.
If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supply chain resiliency test. Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks.
The global supply chain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. Regulations may be more of a driver in the future.
Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? Complexities integrating data from across global supply chains. Start with your supply chain. These responses illustrate that supply chain sustainability is top of mind for many companies. The challenge of change.
As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.
While the pandemic was undoubtedly the catalyst for recent supply chain disruptions it’s not the only cause. 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.
What’s on the horizon for supply chain professionals? Microsoft also announced they plan to be carbon-negative by 2030. . Many are relying on advanced analytics to optimize their supply chain for sustainability. Our recent Demand Forecasting survey shows that teams anticipate more complexity in the supply chain.
An enlightening new report indicates that this strategy corresponds to strong financial performance for shippers and logistics service providers (LSPs). The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.”
Having an effective supply chain practice has always been a difficult balancing act, even in relatively stable times. The pandemic has exposed flaws in business practices across industries, which have been acutely felt in their supply chain and procurement operations. Gap between supply chain and procurement.
How to Elevate Your Logistics Operations with AI & ML Technology Global supply chain organizations are embracing digitization to propel their supply chain planning to new heights. What is Supply Chain Planning? Data informs transportation capacity and rates.
Importance of Weather Insights in Supply Chain Management. As your company has most likely experienced, the weather is a huge influencer in a supply chain’s strategy, performance, and bottom line. Improved strategic planning. ” Despite the high percentage, only 16 percent of them used commercial weather data.
In today’s interconnected global economy, supply chain disruptions have become a prevalent challenge for businesses across various sectors. Understanding the financial impact of these disruptions and exploring effective mitigation strategies is crucial for maintaining a resilient and profitable operation.
In late 2023, we 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 results of the research report How Bad Is the Supply Chain and Logistics Workforce Challenge?
Supply chain sustainability is a higher priority than ever. In MIT’s State of Supply Chain Sustainability 2021 , 80% of executives surveyed said the pandemic either had no impact on their commitment or increased it. We must plan, source, make, and deliver differently for supply chain sustainability.
Michael Jacobs, Senior Vice President Supply Chain, Ferguson. Mr. Jacobs is the senior vice president for supply chain at Ferguson. While nominally a distributor, “supply chain management is our core competency. In particular, Ferguson’s supply chain is built for speed and to provide high service levels.
A year before, in 2014, a Harvard Business Review article pointed out that supply chains were becoming increasingly global and complex and consequently more at risk than before. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it. Source: McKinsey.
The supply chain management uncertainty in the post-COVID world shows no signs of letting up. With current conditions, it looks like there may never be a return to the pre-pandemic era of supply chain stability. How Supply Chain Management is changing. In fact, 73% of supply-chain functions were still using spreadsheets!
The virus continues to compromise supply chains and disrupt companies at a troubling rate, but a re businesses prepared from a supply chain planning perspective? . The era of globalization has enabled supply chains to be broader and more connected. First reaction s to the outbreak . – Tweet this.
Supply chain and finance departments need to work more closely and adopt costing practices that are progressive and focused on informing internal decisions. 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.
Supply chain sustainability is increasingly important for the future of business and the world as a whole. 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.
For a few years now, supply chain professionals and pundits have been speculating on what the so-called “new normal” will look like. Closer to home for supply chain professionals, driver shortages continue to plague the industry.
Manufacturers and distributors can leverage Cloud ERP to revolutionize the way they do business and manage disruption as the impact of the global pandemic, regional instabilities, and natural disasters continues to cause supply chain volatility. Cloud ERP for a resilient supply chain. Securing a digital future with Cloud ERP.
Many companies were in the midst of digitally transforming their supply chain when the Convid-19 pandemic hits. In this part 2 article, let us continue to explore the concrete actions we can take in our Digital Supply Chain journeys. Plan and Execute for Success.
Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.
The solutions to supply chain problems boil down to the right combination of three factors—technology, data and processes. In the supply chain, problems are often overcomplicated. However, manufacturers, 3PLs and others in the supply chain often get lost in the details. That’s not true. Trouble finding skilled labor”.
Given the many aspects of retail operations outside a business’ control—from supply chain disruptions and labor shortages to inflation and interest rates impacting both operational costs and customer behavior—the fulfillment challenge this peak holiday season is acute.
Getting started with AI in supply chain might not start where you think. Instead start with the foundation of your AI strategy, which should be an understanding of your company’s supply chain and your data. Since this advice on getting started with AI in supply chain may seem counterintuitive, let me explain.
The supply chain, however, offers the most fruitful area for improvement. For companies to achieve reductions in carbon footprints, they should look to sustainable investments in their supply chains for the greatest impact. Benefits of Sustainable Supply Chains. The added benefit? Reduced costs and improved profitability.
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