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Ben Steffes and Joe Lynch discuss 3PL outsourcing trends. Key Takeaways: 3PL Outsourcing Trends Ben Steffes is Vice President of Managed Services at Coyote Logistics, a leading global third-party logistics provider. For the study, Coyote worked with a 3rd party research firm to survey over 500 supply chain decision makers.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. 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.
Our annual survey reveals that logistics is no longer just a cost of doing business. Today, it’s the source of strategic innovation and an essential part of how organizations are competing and preparing for an unpredictable tomorrow.
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? Diversifying the workforce is a trend that goes in hand with employee recruiting.
Speaker: Rosemary Coates - Board Member & Founder at Reshoring Institute, Best-selling Author, Host of the Frictionless Supply Chain podcast
Nearly 75% of the 628 businesses surveyed in a recent study by the Institute for Supply Management reported that the COVID-19 outbreak caused disruptions to their supply chain. In the same survey, 57% of participants mentioned longer than usual wait times for orders with foreign suppliers. How to reduce risk.
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. The findings were derived from an online survey of 250 executives at leading U.S. Transportation costs ranked second, and labor costs ranked third.
This trend moved forward in exciting ways in 2019. This year’s Freightos mystery shopper study looked to answer these questions. . In the study we looked to online spot quoting as a proxy for the overall digitization of the industry as it’s often a shipper’s first encounter with forwarders. Keep reading for the highlights OR.
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.
According to a global study, 2017 Sustainable Procurement Barometer, conducted by EcoVadis and HEC, 97% of the surveyed supply chain professionals from a total of 120 companies regard sustainable procurement as highly important. Global think tanks and analysts expect upcoming trends towards companies being pressured […].
As early as 2018, a Neilsen study found that fresh foods were “the primary driver of growth in retail stores, accounting for 49% of all dollar sales growth in the fast-moving consumer goods industry. As one respondent said, “COVID just woke us up to a trend that had already been occurring.
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. Competing with Amazon A Criteo survey found that when all other things are equal (i.e., In 2024, they should focus on two things: 1.
This post is from a press release sent to us regarding the recent survey of the 3PL industry. This survey continues to point towards the success 3PLs are having for their clients. Survey Points to Continued Success of Shippers and the 3PL Industry. No matter what type of 3PL there is, each brings value to their customers.
Technology Trends for the Logistics Industry. Those that want to embrace the latest, cutting-edge technologies should consider these popular trends, and the impact they have on the future of logistics and supply chain management. In a recent study published on Cerasis , 26.25 Hall has to say. List Of The Top Logistics Startups.
The forward-looking 2025 Third-Party Logistics Studysurvey is now live, and we are seeking input from supply chain professionals. The study will also provide continuing the conversation updates and allow for further context on current industry trends. The study is a collaboration between Penske, NTT Data and Dr. Langley.
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.
His primary research stream examines firms’ logistics operations, with an emphasis on studying motor carrier safety, productivity, pricing dynamics, and driver turnover. He was recognized as the undergraduate faculty member who had the greatest impact on students based on the 2017 graduating senior survey.
As a seasoned professional with 30+ years of experience in this ever-evolving sector, I am excited to share my industry insights and provide commentary on the latest news and trends shaping the landscape. Anne Reinke, the President & CEO of TIA, is placing her bets on the Fraud Task Force.
Two seemingly conflicting trends are coming together that, if addressed correctly, could provide retailers with a competitive advantage and make them more profitable. So, how are these two trends mutually beneficial? That’s exactly what the recent study “Retailers: Sustainability is Not a Challenge, It’s an Opportunity” concluded.
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.
It adds that by analyzing revenue forecasts, inventory levels, and order volumes, the index provides industry stakeholders with valuable insights into what to expect in the next quarter and how these trends reflect the freight market.
Last week, Dotcom Distribution launched their annual eCommerce study. They surveyed over 1,400 online shoppers to analyze their habits, preferences and expectations. Looking at the survey results, 90% said that they highly value free returns when making online purchases; and 91% say free shipping influences future purchases.
We recently surveyed CFOs and finance executives in the manufacturing and distribution sectors to study how the pandemic has impacted their businesses. Managing cash flow and margins remains a key objective for US finance leaders, based on our survey in 2020, 2021 and now into 2022. 3. Improving visibility into performance.
Our 2018- 2019 Network Design Survey showed that the majority of organizations are still relying on spreadsheets (nearly 60%) and gut feel (15%) to make network design decisions. What we’re seeing is not just a trend towards changing materials/part suppliers, but also warehousing and logistics suppliers. .
The optimism, however, is tempered by high levels of uncertainty about how to reach implementation goals, specifically in the areas of what solutions to use, which are available to meet company objectives, and where to procure those solutions, as revealed in a study conducted by Informa Engage for Longview IoT, a Carnegie Technologies company.
The full, 40-page research report features all the data gleaned from this year’s survey plus a summary analysis from the editors of Logistics Management.
In 2017, a study assessed extreme climate impacts on infrastructure in Europe. Project cargo weight on these possible compromised roads and railways should be a concern even with DOT route surveys. In the future, DOT may require additional route surveys and bridge studies for weight distribution.
The LCI surveys a diverse portfolio of shippers across different verticals, including consumer packaged goods (CPG), industrial and manufacturing and direct-to-consumer business. Here’s some key highlights from the Q3 2023 LCI: Anticipated revenue maintains a positive trend. Inventory optimization. Agile operations.
For this reason, the Alpega Group , the leading logistics software company offering modular solutions to cover all transportation needs, backed by 35 years of experience in the market, conducted a macro-survey where more than 1.200 logistics and transport companies across Europe participated through its freight exchanges, Teleroute and Wtransnet.
Key Trends Driving Change. Driver shortage is a major concern for companies striving to improve the performance of their fleet, according to a 2018 global benchmark study , conducted by Descartes, that surveys fleet managers from a wide array of industries and logistics providers. The Financial Link. Technology Boost.
Mazars USA LLP is pleased to announce the results of the 2015 Food & Beverage Industry Study. The survey… The post Food & Beverage Industry Study 2015 appeared first on Insights Center - Mazars - United States.
The latest trend report from the optimisation specialist INFORM reveals a positive development in internal logistics in German production companies. of the surveyed companies. A mere 7% of those surveyed are able to provide information about the costs of individual transport jobs when asked.
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. Out of the 31.3 Where do the ideas come from?
According to a new study by Deloitte, 71% of Americans plan to head to the stores and online over the Thanksgiving weekend (Thanksgiving through Cyber Monday). This year, 45% or nearly half, of people in the survey told us they remain undecided which retailer they’ll shop over the weekend.”. Printer-friendly version.
Dropoff just released the findings of its annual consumer survey on delivery and retail trends, noting that there’s a huge “expectations gap” between what products consumers want delivered same-day and what products they actually receive same-day.
In fact, two-thirds of the companies we surveyed characterized their omni-channel fulfillment performance (relative to peers in their industry) as average or below, with 30 percent characterizing it as below average. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.
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.
survey , 57% of manufacturing CFOs agree that proficiency and knowledge to create an effective plan to operationalize and transition the business into a digitalized and automated manufacturer is the most critical factor globally. The modern CFO. According to the 2021 SYSPRO CFO 4.0 Diversification of business operations. The SYSPRO CFO 4.0
You can take this short survey (10 multiple choice questions) by clicking here or the link below. Take the survey. The pandemic squeezed trucking capacity as well, as spot market rates rose to accommodate the spike in freight demand caused by evolving consumer trends and consumption channels. .
We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology. Drones can be programmed to survey specific locations regularly, detecting early signs of pest infestations.
It’s not news to anyone that digitization is a roaring trend and I’m here to say: embrace it. In a recent Forrester study, they found the problem to be poor quality data. Change can be a good thing, particularly when it comes to getting a better handle on your supply chain spend. Digitization is Your Friend.
According to the characteristics of China’s WMS market, “Ecological”, “SaaS” and “Customization” are the three major trends in the future. According to several surveys, less than 1/3 of the companies active in the WMS market focus on WMS as their main product. In other words, there are opportunities for every company.
Just last month I noted that warehouse labor productivity was hindered extensively by COVID-19 and that 80 percent of ARC’s warehouse survey respondents anticipate an increase of order throughput volumes in 2021. Supply chains around the country are in great need of warehouse and transportation workers. Logistics Real Estate Growth.
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.
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