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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.
The COVID-19 pandemic has exposed many risks and uncertainties in supply chain networks. Materials shortages , demand fluctuations and plan t closures have led many organizations to revisit their supplier relationships, as well as distribution and production locations. Read on for common use cases. .
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.
His expertise includes strategic planning, brand positioning, advertising, public relations, website strategy and design, and development of white papers, case studies and other content. 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.
Key Challenges in Fresh Grocery & Supermarket Supply Chains. Original article: Key Challenges in Fresh Grocery & Supermarket Supply Chains. Grocery retail supply chains have known a not-so-subtle secret for a number of years now: fresh is in. The State of Fresh Grocery & Supermarket Supply Chai n.
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.
The COVID-19 pandemic has exposed many risks and uncertainties in supply chain networks. Materials shortages , demand fluctuations and plan t closures have led many organizations to revisit their supplier relationships, as well as distribution and production locations. Read on for common use cases. .
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.
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.
From shortages of personal protective equipment to a variety of grocery items to electronics and apparel, coronavirus ( COVID-19 ) has hit the global supply chain in expected and unforeseen ways, and it seems likely that it could take many months to recover. But 44% of respondents didn’t have a plan to deal with it.
Traditionally, planning processes are designed to serve specific time horizons – sales & operations execution (S&OE) is used for short term horizon, sales & operations planning (S&OP) for the mid-term horizon, and integrated business planning (IBP) for long term strategic horizon.
When companies want to digitally transform their supply chain capabilities, moving to an integrated business planning process (IBP) is often at the heart of the transformation. The roots of IBP are in sales & operations planning (S&OP). Mr. Sorenson has studied integrated business planning for many years.
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. The study highlighted a number of areas where these gaps arose.
In 2023 alone, over $100 billion was invested in EV and battery supply chain M&A deals. 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. According to Kearney s 2023 Reshoring Index, U.S.
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.
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?
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.
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.
In today’s interconnected global economy, supply chain disruptions have become a prevalent challenge for businesses across various sectors. The Cost of Supply Chain Disruptions Recent studies, including one conducted by Accenture , have highlighted the staggering costs associated with supply chain disruptions.
It’s graduation season, so the hunt for critical supply chain talent is more vigorous than ever. We may be known for ensuring we can make and move “stuff,” but ultimately supply chains are human. So as you prepare to onboard new supply chain talent, are you ready to answer the questions they will have?
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. Here are some potential benefits that come with integrating weather data into supply chain strategy: Reduced annual operating costs.
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.
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.
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.
“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.”.
The report found that 59% of companies surveyed accelerated the pace of innovation investment and deployment over the last two years. The report found that 59% of companies surveyed accelerated the pace of innovation investment and deployment over the last two years.
Here is a look at the cutting-edge technologies that are likely to have a lasting impact on the future of logistics and supply chain management, and what they mean to 3PL companies and their customers. The EFT study revealed that 19.2% The EFT study revealed that 19.2% plan to have knowledge and provide services.
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.
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. These are the companies and leaders that aren’t letting a good downturn go to waste.
Sales and Operations Planning and demand forecasting are two sides of the same coin. For many, a well-executed S&OP process should start with a demand forecast on one end and supply and resource plans to meet that forecast on the other. How are supply chain professionals dealing with this? Related resources .
Last year the ARC Advisory Group did a study on the ROI a shipper would get by having their transportation managed by a third party logistics firm. In a managed transportation services (MTS) arrangement, a shipper contracts with a third party to plan and execute the shipper’s moves.
Few organizations are immune to the effects, which are acutely felt in supply chains — and the more complex they are, the greater the probability of interruptions. The study found that these leaders considered the largest gap to be between supply chain and procurement, citing it as a major issue. Collaboration is Key.
Celebrants intend to spend an average of $86.79, up from last year’s $86.13, with more than 175 million Americans planning to partake in Halloween festivities, according to the annual study that has been conducted over the past 14 years by Prosper Insights & Analytics for NRF. Consumers plan to spend $3.2 Out of the 31.3
We pick up where we left off yesterday from posting the Top 10 Manufacturing Blog Posts for 2014 by page views from the Cerasis blog by featuring the Top 10 Supply Chain Blog Posts in 2014. What did you find most intriguing in the Supply Chain arena in 2014? Top Supply Chain Blog Posts for 2014. I hope you enjoy!
Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. The sudden onset of COVID-19 only reinforced a lesson that supply chain professionals had already realized: uncertainty is the only real certainty. The Road to Agility and Resilience.
AIMMS has been active in the supply chain space for over 28 years. A s the most experienced supply chain professionals retire , CSCMP estimates that as many as 3.5 The competition for talent is tough, as “ demand for supply chain professionals is estimated to exceed supply by a ratio of six to one.
Much has been written about what it takes to run a successful supply chain in the era of “get it to me fast and get it to me cheap.” Supply chain professionals are looking for ways to store goods closer to customers by investing in micro fulfillment centers and to optimize their facilities so orders can be processed faster.
Supply chain disruptions cause major headaches for shippers, carriers, and customers, often resulting in lost productivity and profits. The effects of supply chain disruptions also reverberate beyond the initial event, as companies scramble to fix problems and get back to business. firms with revenues of more than $1 billion.
Their members play a crucial role in the global and domestic supply chains by facilitating freight. They’ve always been at the forefront of fighting fraud in the transportation supply chain through education and advocacy. In fact, a significant portion (59%) of carriers plan to adopt EVs by the end of 2023.
In addition to this, the depletion of water supplies can cause sinking of the ground, leading to sink holes and even more infrastructure damages. In 2017, a study assessed extreme climate impacts on infrastructure in Europe. In the future, DOT may require additional route surveys and bridge studies for weight distribution.
Shipper's Guide to Planning Ahead Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - March 20, 2023 Data shows there is a consensus that revenue will increase and inventory levels will build. This was seen in the survey.
Wishing your supply chain were strengthened rather than strangled under these conditions? There’s an older term now being applied to supply chains for this capacity: antifragility. While the concept isn’t new, its application to supply chain is emerging, albeit without clear definition yet. A survey by boom!
Change can be a good thing, particularly when it comes to getting a better handle on your supply chain spend. Managing supply risk is not a new concept; however, with growing dependence on suppliers paired with more complex global supply chains, it comes with greater challenges. Digitization is Your Friend.
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