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Shippers, brokers, carriers, news organizations and industry analysts rely on DAT for trends and data insights based on a database of $150 billion in annual market transactions. He leads a team of market experts who study every facet of the logistics industry to bring the best available insight to customers.
The annual Third-Party Logistics Study analyzes the gap in what customers deem necessary in the IT capabilities of services providers compared to their satisfaction with current capabilities. Source: 2020 Third-Party Logistics Study.
Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. Businesses will need to ensure accurate data reporting across core operations such as sourcing, procurement, and transactions.
Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supply chain and logistics professionals today. Many factors can affect sourcing decisions, from raw material availability to labor costs to Free Trade Agreement (FTA) benefits or trade preference programs.
Image source: Pexels | Shipping Trends for 2025: What Will Change and How to Adapt The logistics industry is continuously evolving, and as we move closer to 2025, businesses will face a range of transformative changes. Studies show that reducing empty backhauls by even 5% can significantly lower emissions and costs.
Today, it’s the source of strategic innovation and an essential part of how organizations are competing and preparing for an unpredictable tomorrow. Our annual survey reveals that logistics is no longer just a cost of doing business.
The solution is to back up, figuratively speaking, to the general definition of the need and see how overall trends and developments in the world could make this need map onto other, different solutions. This trend represents a fundamental shift from traditional asset-heavy models to more flexible, collaborative approaches.
Organizations examine past sales trends, apply seasonal adjustments, and make forecasts based on historical models. A 2023 McKinsey study found that companies relying on reactive supply chain management lose up to 10% of annual revenue due to inefficiencies and missed opportunities.
Many studies state that those who can manage the functions with the supply chain, they have a competitive advantage. Look at these 7 supply chain trends as a guide to better your supply chain today. INFOGRAPHIC] 7 Supply Chain Trends as Laid out by Supply Chain Expert. Infographics Supply Chain Supply Chain Trends'
A single, centralized source of truth for your organizations data is no longer a luxuryits a necessity for businesses seeking to scale efficiently, enhance profitability, and make informed, data-driven decisions. Missed opportunities: Businesses cant identify patterns or optimize strategies without cross-branch insights.
The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . Multiple best/worst case scenarios should be run under different demand conditions to study the impact on your supply chain. Study 2: Inspect Demand Trends .
Five Ways to Improve your Supply Chains Resilience 1) Create Transparency This process involves determining the critical components for your operations and then, working with production personnel, identifying which ones are sourced from high-risk areas and lack ready substitutes.
Advanced Analytics provides the Unilever team with automatic insights, enabling Unilever to gaze into the future with clarity, foreseeing market trends, and preparing for every twist and turn in the market landscape.
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. These studies bode well for independent sellers that want to reduce their dependence on Amazon. In 2024, they should focus on two things: 1.
Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner?
At the close of 2016, the 21 st Annual Third-Party Logistics Study found the overall use of third-party logistics providers ( 3PLs ) is increasing, but the types of logistics services utilized indicate the industry is entering a shift in how it operates. 3PLs and Shippers Report Positive Partnership Outcomes. percent.
They can ingest large volumes of functional data and leverage advanced intelligence to recognize broad trends and specific disruptive events. In a recent study, almost three-quarters (74%) of shippers reported they would switch to 3PL providers based on their AI capabilities.
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.
On top of this, after demand has been adjusted, demand simulations can be run to study the behavior of your resources over time as demand continues to increase or decrease. . Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. Evaluating Potential for Reshoring .
DC Velocity and Descartes have conducted a transportation benchmark study for the last two years to help transportation professionals understand what is driving the market, and how the strategy and tactics of top performers differ from the rest of the pack. Figure 1: Transportation IT Spend Change Next 2 Years (Source: Descartes).
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.
Supply chain disruptions continue to grow at an alarming rate, according to a new study, 2018 EventWatch Supply Chain Disruption Report, by Resilinc. Factory fires were the most frequent event type in the first half of 2018. Of those events, more than 300 of them directly impacted the continuity of supply.
That was the focus of a recent global study conducted by LLamasoft. In a recent episode of Talking Logistics , Razat Gaurav, CEO of LLamasoft, shared some of the insights from this study and provided recommendations on actions companies should take to prepare effectively for whatever happens in the weeks and months ahead.
ARC Advisory Group’s Global Warehouse Automation Research study is now complete and available for purchase. The research process includes an analysis of large amounts of information and interviews with executives from numerous warehouse automation providers; and concludes with the publication of ARC’s research study. Growth Inhibitors.
MHS, a single-source provider of material handling automation and software solutions, announces a new multi-part online experience scheduled to run October through November. Following each event, attendees receive exclusive access to supplementary resources like white papers, case studies and infographics to continue their experience.
Ralf Duester, board member of the Bochum-based SCM software specialist Setlog, shows which trends will be important in 2024. At a glance: The top ten SCM trends in 2024 1. Open-source software is increasingly convincing In detail: The ten most important SCM trends in 2024 1. Skilled labour shortage forces action 2.
These tools will become the foundation on which supply chain managers gain insight into their markets and erratic supply and demand trends. Another Statista study indicated that 44% of retailers expect delays and 40% expect inventory shortages given coronavirus disruptions on the supply chain.
Matrices store historical sales data, allowing analysts to identify trends and patterns. Matrix Operations in Supply Chain Understanding basic matrix operations is key to applying them in supply chain management: Addition Combining matrices to aggregate data, such as calculating total costs from various sources.
With one universal touchpoint, businesses can have full visibility of inventory levels along with backend systems to handle procurement and sourcing policy changes, distribution, and lead time planning as well as analytics providing data real-time to support improved decision-making. Maintaining competitive advantage.
The examples below show you how to do this in AIMMS SC Navigator Apps, but we encourage you to study these scenarios in the tools you have at your disposal. . Multiple best/worst case scenarios should be run under different demand conditions to study the impact on your supply chain. Study 2: Inspect Demand Trends .
Trends likely to drive Singles’ Day sales. Supply chain transparency and low-emission transportation are some of the many emerging trends that retailers are adopting to stay ahead of the game. A study by Harvard Business Review in 2019 found that products that were marketed as sustainable grew 5.6 Schedule a demo now !
By learning from past trends, businesses can minimize stockouts and overstocking, ensuring a more agile and responsive supply chain. By analyzing past data, matrix-driven models detect trends that help supply chain managers make proactive adjustments. In case you missed it!
Image source: Pixabay | Maximize Your Efficiency: Top 5 Supply Chain Trends to Adopt in 2023 We can all agree that the supply chain is critical to a business’s operational success, right? A study of home delivery consumer opinion demonstrates this low performance.
This is because trends and technologies are created to keep up with shifts in consumer behavior, new sustainability criteria, better efficiency, and decreased errors among many other factors that spur innovation in logistics systems. A reality that employs innovation and new technologies to become far more feasible. Read on for more.
When you track transportation metrics and KPIs like transit time, on-time pickups, and percent of truckload capacity utilized across your carrier partners, you can identify trends and opportunities for streamlined OTR transportation management. Download the White Paper: Over the Road Freight Management Trends. Forecast Demand?with?Analytics.
Despite this, only 33% of businesses invested in procurement and sourcing technologies. By closely studying the market you can identify new vendors to meet your company’s needs, cut costs or operate efficiently. Data-driven decision making with ERP as a single source of the truth.
It is a rigorous compilation of leading logistics intelligence around the world, shines a spotlight on industry trends, and offers key insights on the ever-dynamic supply chain sector. Before the COVID-19 pandemic struck, supply chains were lauded for their ultra-efficient, single-source and just-in-time capabilities.
In this report, well explore the key trends that are shaping the future of supply chains and how businesses are responding to a rapidly changing environment. Diversified Supplier Networks Companies started sourcing the materials from various suppliers across regions to avoid relying on a single point of failure.
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.
Image source: Wikimedia | Top 9 Technology Trends for Your Warehouse in 2024 Distribution warehouses bear a great deal of responsibility these days because of the direct impact their operations have on the customer experience. Where this info is going is still a mystery.
Despite this, only 33% of businesses invested in procurement and sourcing technologies. By closely studying the market you can identify new vendors to meet your company’s needs, cut costs or operate efficiently. Data-driven decision making with ERP as a single source of the truth.
Image source: Pexels | How Real-Time Inventory Tracking Can Boost Your Profit in 2025 In today’s fast-moving business environment, real-time inventory tracking has become a critical tool for optimizing operations, cutting costs, and driving profitability.
In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation. 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.”.
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