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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.
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. By harnessing data from various sources, businesses can gain insights into customer preferences, peak delivery times, and route efficiency.
Our annual salary survey reveals that the typical material handling and logistics professional earns $93,697. As the results of the MH&L 2018 Salary Survey indicate, the size of the paycheck has become almost as important. “If The single biggest challenge facing the industry is lack of qualified workers in all aspects of logistics.”
“To improve,” the report rightly notes, “organizations should enhance supply chain visibility with robust data and analytics; use AI to foresee disruptions; keep business continuity plans current; and diversify supply sources, suppliers, manufacturing and logistics partners.” Those companies had at least $500 million in annual revenue.
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. Survey respondents are second most likely to have implemented Robotic Process Automation in sourcing and procurement (20 percent).
He was recognized as the undergraduate faculty member who had the greatest impact on students based on the 2017 graduating senior survey. Manufacturing strategies. Jason has been recognized with multiple awards for research and teaching. The website Poets & Quants has recognized him as one of the top 40 undergraduate professors.
Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? From product design, sourcing and operations planning, to manufacturing, logistics and warehousing, there are many opportunities for improved efficiency at each stage of the process. Moving the cloud is one way to start to this process.
Today’s article is the fourth part in a series featuring surveys from APQC on supply chain topics including environmental sustainability , last mile , and digital transformation. This suggests a need for a more defined ESG strategy and framework within the industry to guide effective integration and action.
From limited visibility beyond their tier-one suppliers to teams that don't have the capabilities to deliver on the strategy, procurement officers have their work cut out for them. Yet challenges remain: More than half (51%) of procurement leaders surveyed do not believe their teams have the capabilities to deliver their procurement strategy.
Supply chain disruption has many sources: tariffs and trade disputes, natural disasters, pandemics, economic uncertainty and cybersecurity attacks. There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Price fluctuations and sourcing issues.
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.
Instead of focusing on customers and outside sources, you may need to start looking inward at processes to streamline production. There are many ways to measure your customer’s experience , including: Open communication; Using a voice-of-the-customer system; Surveys; Interpreting customer actions. Prepare to Adapt.
Learn how to organize your data operations in alignment with supply chain strategy. It arrives from an array of sources, and it is presented in a variety of formats. Forward-thinking supply chain professionals are looking to advanced technologies to streamline processes, improve accuracy, accelerate delivery and reduce costs.
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.
Other reviews (prepared for decision-making versus attending for receiving information) are shared by the owners of each strategy element/pillar. For instance, COOs own the supply strategy, marketing the portfolio strategy, and so forth. Image source: Oliver Wight. Pitfall #7: No alignment with the strategic growth plan.
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. It is, therefore, extremely difficult to secure new sources of supply in a timely manner. Digitalization to thrive into the future.
At the same time, the Chief Purchasing Officer (CPO) has taken on a pivotal role by securing Personal Protective Equipment (PPE) to protect the workforce and direct materials when primary sources fail. As disruptions become the norm, Supply Chain Planning and Source-to-Pay (S2P) cycles need to be increasingly dynamic and intertwined.
It’s no secret that manufacturing companies around the world are rethinking their supply chain strategies. With shortages occurring in unexpected sectors and lockdown strategies impacting logistics, companies looked at reshoring to stabilize and strengthen their supply chains.
According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.
GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Networks and Sourcing.
Glenn Taylor | Sourcing Journal November 02, 2023 In an improving sign for the retail supply chain, the majority of shippers surveyed by third-party logistics (3PL) provider BlueGrace Logistics—64.4 or Mexico in 2023, according to a recent survey from software technology vendor Capterra. READ THE FULL ARTICLE
And according to a recent survey by Kenco, 94% of survey respondents feel that it’s important for their 3PL provider to have a competency in technology and innovation, and more than half expect their 3PL provider to be investing in innovative technologies (another 32% want to co-invest).
The company sources goods from 34,000 suppliers out of 30 nations. Their associate engagement survey allows Ferguson to understand the driver’s impacting engagement across their 31,000 employees. The survey focuses on four engagement questions on advocacy, pride, satisfaction and commitment. Key Processes. Conclusion.
Recent market insights found the following: “According to a latest global shipper survey, 75% of shippers who use LCL plan to continue or increase it in 2023. And 52% are looking to consolidate more shipments overall, a strategy for which LCL can play an important role.” Diversify the shipping portfolio.
This year alone, Maersk has accelerated its direct-to-shipper strategy, digital forwarders have raised massive rounds (like Flexport’s billion-dollar injection), and platforms for forwarders and carriers – big and small – have continued to pop up almost daily, at least that’s how it seems. SOURCE: FREIGHTOS MARKETPLACE.
In addition, an ERP which is extensible and enables integration with third-party products using industry-standard technologies, provides an environment in which data from various sources can be consolidated. Reassess strategy. Steps to building a data and analytics capability. How data can be used to link business goals and metrics.
This post from Amber Road’s blog discusses several factors companies must consider if they are thinking of moving out of China as a manufacturing or sourcing base. There has been a lot of recent buzz about companies relocating sourcing or manufacturing out of China. It’s easy to understand why.
According to a recent survey fielded by Edelman Intelligence , 94% of supply chain leaders say partnerships with supply chain logistics companies are necessary to get through peak season successfully. Traditional Inventory Replenishment Strategies No Longer Work.
There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.
Over 1,000 CPOs, VPS, directors, category managers, sourcing managers, buyers, and other procurement professionals from around the world participated in the survey—a mighty feat of collective future-gazing. Source Digitalist Magazine. Come 2015, it was time to take that vision and make some quantitative observations.
Millennials are important, put a strategy in place to attract and retain . This tech-savvy group can be a great source of new ideas and innovative solutions for managing the supply chain of the future. Source: SCM World. Flexibility is key if you’re looking to attract millennials for your team. .
It is surprising then that despite the hundreds of millions of RFID tags sold this year alone that, according to results from the 2014 GS1 US Standards Usage Survey, finally saw the technology living up to the hype in the logistics industry in the last few years. Source: Morai Logistics. Source: SupplyChainOpz.com.
Earlier in 2022, we conducted a survey of 8,000 consumers across North America and Europe to get a better sense of their ecommerce experience and how they were reacting to retailer performance. Source: Descartes & SAPIO Research. Source: Descartes & SAPIO Research. Source: Descartes & SAPIO Research.
Supply chain management (SCM) systems help businesses to manage the flow of goods and services right from the sourcing of raw materials, to delivering finished goods to the customer. Primarily this meant increasing inventories as opposed to other strategies like nearshoring. How Supply Chain Management is changing.
A recent report says that more than 77% of companies said, in a survey, that they are investing in deeper and more collaborative supplier relationships to improve resilience and agility. Configure to Order: This strategy involves customizing standard products based on customer specifications.
It’s remarkable, then, that a recent customer survey by DriverIQ, a provider of back- ground screening for the trucking industry, showed that 35 percent of companies have NO programs aimed at recruiting and retaining women drivers! Jazrawy encourages companies to crowd-source their fleets. Coaching programs also are more prevalent.
When it comes to measuring customer loyalty, the Net Promoter Score survey is typically a best practice. This includes the entry of the order, sourcing, payments, and fulfillment. For B2B companies, their supply strategy is built on three pillars. Getting these strategies in place is incredibly difficult to achieve.
Regardless of their size, companies are reassessing their global supply chain strategies. Heavily relying on a single sourcing location can leave businesses vulnerable to disruptions, whether they are geopolitical, environmental, or economic. and European companies to reevaluate their supply chain strategies.
And customers, many of whom are Millennials, want to know the sourcing of the products they buy and will make decisions based on a company’s sustainability record. About 11% of carriers have vehicles that use a fuel other than diesel or biodiesel blends, according to a 2016 survey by ATRI. Last-Mile Delivery.
Prior to the pandemic, supply chains were already growing in complexity due to increased globalization, data sources, and customer demands. While supply chains have undergone a digital transformation, people are still and will always be an important part of your strategy. Gartner, 2019 Digital Talent Gap Survey.
Ybrands surveyed 80,000 young consumers (ages 13-36) annually about their perceptions of 230+ brands across five verticals: fashion/apparel, CPG food/beverage, health and beauty, QSR/casual dining and media/tech/ entertainment. And here are the top 10 brands of these two groups combined. . Media Type. Privacy Settings. anonymous user.
A 2020 SYSPRO survey showed that 60% of manufacturing and distribution businesses were impacted by supply chain disruptions during the pandemic. ERP to drive business strategy and insights. ERP offers end-to-end visibility of all key elements from financial, inventory to operations and sourcing.
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), a global leader in uniting logistics-intensive businesses in commerce, released the results of its 8th Annual Global Transportation Management Benchmark Survey of over 630 companies. Descartes and SAPIO Research surveyed 630 participants representing the logistics community (i.e.,
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