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The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. The ride is uphill, but the visibility is low. What is normalcy?
Keeping shipping costs under control is no small task — and unpredictable freight fuel surcharges make it even tougher. In this blog, we'll walk you through how to calculate fuel surcharges on freight, track pricing trends, audit your shipping bills, and work with the right 3PL partner to keep your costs under control.
Seventy-one percent of the surface of our “blue planet” is covered by oceans which is also reflected in the fact that 80% of goods are moved via sea transportation within the global supplychain [1]. Ships also account for around 3% of worldwide greenhouse gas emissions [2] , contributing to the acceleration of climate change.
About Glenn Gooding Glenn Gooding , a veteran of the small parcel supplychain, brings 39 years of industry expertise to iDrive Logistics. Founded in 2008 by small parcel industry leaders, the company provides shipping and fulfillment solutions for top ecommerce brands and 3PL fulfillment warehouses.
The development and history of warehouse management systems (WMSs) have had a profound impact on how the supplychain functions. However, few understand the history of WMS and how it evolved to encompass item tracking, storage data, inbound and outbound shipping, picking and much more.
That will be in 2015, after the peak of oil [supply].”. made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. The Google TMS?
Supplychains are particularly vulnerable during recessions. Consequently, it is imperative to develop a recession-proof supplychain to make them more resilient and adaptable. A resilient supplychain is one that can absorb shocks and continue functioning with minimal disruption.
Doug is the CEO of Echo Global Logistics , a leading provider of technology-enabled transportation and supplychain management services. Doug Waggoner has served as Chief Executive Officer of Echo Global Logistics since December 2006 and was a Board member from 2008-2021. About Doug Waggoner.
by Alexa Cheater 6 speed bumps on the road to automotive supplychain success. A trending move from regional to global supplychain processes is adding complexity to the automotive supplychain at an unprecedented level, driving a growing need for automation and collaboration. Multiple ERPs.
Selecting a SupplyChainTechnology Provider is Harder than it Seems. In India, the Central Government’s focus on improving all aspects of the supplychain means that all supplychain users must start thinking carefully about how to create a streamlined and agile supplychain to keep up with the changing global environment.
Will the supplychain ever catch a break? With every link of the supplychain impacting businesses both large and small, keeping up with the globally disrupted supplychain evolution is a recipe for whiplash. Raw Material Shortages Are Affecting a Challenged SupplyChain.
More Resources Home Innovative Synergies: Logistics Tech Lessons from Other Industries Judah Levine May 23, 2024 Though the logistics and supplychain industry has made and continues to make a lot of progress in its digital transformation, it has a reputation for being part of the late majority or even a laggard in terms of digitalization.
John Gillespie and Joe Lynch discuss the grocery & produce supplychain. John is the Chief Technology Officer at MegaCorp Logistics , an award-winning logistics firm with remarkable growth based on their superior service. Starting in 2008, John was in the healthcare industry providing network and security support.
But decisions about how many barrels to produce or how many ships to sail have to be made in advance. It starts back in 2008. As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin. And it can be fixed. But first, how did we get here?
Shipping containers are like scotch. . But decisions about how many barrels to produce or how many ships to sail have to be made in advance. It starts back in 2008. . As ocean carriers were just signing checks to build massive ships, the global financial crises hit and shipment volumes sunk like a Led Zeppelin.
Container shipping prices skyrocket. Amazon has announced that it plans to develop new technology for its autonomous delivery vehicles in Helsinki, Finland. The engineers will begin by developing 3D software to emulate the “complexities of real life.” Descartes acquires GreenMile. Furniture makers are seeing increasing backlogs.
For most companies with supplychains to manage, the holiday season from Halloween through New Year’s Eve is an incredibly busy time. Shipping companies in particular are looking to hire extra workers. Following the Great Recession of 2008, unemployment rates have been steadily decreasing, currently resting at 3.7%
In 2008, statistics involving TMS adoption rates ranged from 20 to 30 percent. Meanwhile, 2008 was a time when the deployment of cloud-based technologies was in infancy, so some companies may not have understood survey questions and their applicability to existing operations. Yes, that’s free shipping!
Between 1968 and 2008, the CPG industry generated the second-highest returns for shareholders of any other industry, but this 40-year trend of intense success has faltered over the last decade. Brands that don’t use advanced technology for marketing, sales, and operations are missing out on opportunities for success.
In the past, supplychain professionals are trained to handle the service issues through a planning of inventory , service level and after-sales operations. From the information technology perspective, Customer Relationship Management (CRM) get the highest attention. However, the origin of CRM is pretty unclear.
I thought I understood all the major supplychain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and SupplyChain Strategy beyond Covid-19. The potential supplychain impacts of this conflict dwarf any other supplychain news that might be reported.
As supplychain clichés take flight, clients struggle with execution. One of these concepts that I hear a lot; but see few tangible examples, is the idea of “customer-segmented supplychain.” The discussion of customer-segmented supplychains happens often. How do they buy from you?”
Warehouse automation stats show that automation is making a big impact on warehouses and distribution centers. There are many driving forces behind the automation trend, from rising labor costs to rapid growth in ecommerce sales and a growing demand for rapid order fulfillment , such as two-day and even same-day delivery.
by Dr. Madhav Durbha Supplychain insights from leading industry experts. Supplychain skills in high demand, digital twins, disruptive technologies, and other takeaways from the 2018 Gartner supplychain conference. Here are some key takeaways from the Gartner supplychain event: 1.
There are tens of thousands of books about logistics and supplychains. Amazon has 31,817 books about supplychain and 24,934 about logistics. That’s 56,751 supplychain and logistics books. But we got it down to ten logistics and supplychain books you’ll actually want to read.
The media coverage of supplychain has increased exponentially as a result of the coronavirus epidemic in China, South Korea and Italy. All companies that produce and ship tangible goods are currently working hard to assess the impact of the outbreak on their own supplychains. Sales & operations planning.
Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. And more companies are treating SupplyChain Design as a continuous business process instead of a standalone project or a once-a-year exercise (see SupplyChain Design: Growing Scope, Community, and Collaboration ).
We will feature our 5 main categories all week: Logistics , Manufacturing , SupplyChain , Transportation , and Freight. 13 Small Package Shipping or Parcel Shipping Best Practices. Yet, shippers can reduce costs in small package shipping by following these best practices. >>>Read We hope you enjoy!
In my work as a supplychain analyst, and Founder of SupplyChain Insights, I attend many supplychain conferences. However, when I am well-rested and in a better state of mind, I remind myself that supplychain conferences are a great way to connect with people in a meaningful way.
is bringing a piece of its supply-chain operations in-house as the company reviews broader operations and management of its distribution.” In other words, while cost and service improvements were the main driving forces to outsourcing in the past, access to technology and business intelligence are now equally (if not more) important.
Venture capital (VC) investor, columnist and educator Brian Aoaeh is part of the new generation of investors who are unlocking the opportunities in supplychain. Steeped in the investment world since 2008, Brian decided very early on to focus on supplychain and operations investment. That stayed with me.
But for anyone harking back to the last major recession in 2008, the stakes are far different this time around for consumers and retailers.”[4] ”[4] On a more positive note, Lacy points out that retailers are better equipped to deal with a downturn than they were in 2008. The reason, she explains, is digital technology.
Balancing supply and demand requires careful planning and the ability to adapt to changing market conditions, especially when considering the bullwhip effect in supplychain management. Referring to the post-2008 period, he notes: “Sales are rising rapidly from 2017 through 2018.
The evolution to using artificial intelligence and machines that learn in supplychain planning is inevitable. In fact, there are early examples of the potential of AI to improve both supplychain planner efficiencies and provide better or optimized supplychain decisions. And if so what's involved?
A Freightos survey of 300+ companies sheds light on how importers have been navigating supplychain disruptions. You might not think about shipping containers and ocean freight when you click “buy” on your Amazon order, but there’s a direct connection between the two. What’s changed in a year?
Subscribe to SupplyChain Game Changer. When people hear about Blockchain technology they think of “Bitcoin” and because of this association – The underlying Blockchain technology has been always been viewed suspiciously due its rather radical approach to data sharing on an open platform using cryptography.
Looking for broader news or supplychain social media influencers? But you need to go to the source and assess trend analyses since each index began, especially comparing now with 2008. We think that China has plenty of economic tools to keep it (and international trade) out of serious trouble. How serious is this?
While flexibility increased as technology accelerated throughout the 2010s, business cultures of presenteeism and profit persisted. Unlike any other cohort before them, Gen Z are natives to technology. Their formative years are guided more by technology rather than tradition, cultural or rudimentary closed door education system.
Responding to the 2023 IMO GHG Strategy by Wolfgang Lehmacher, Mikael Lind and Robert Ward Illustration: Sandra Haraldson, RISE 7 July 2023 marked a historic day for the shipping sector when the International Maritime Organization (IMO) adopted its 2023 IMO Strategy on Reduction of GHG Emissions from Ships (2023 Strategy).
Menlo Continues its Support of Degree Course in SupplyChain Management. It’s interesting how companies refer to money spent on employees as “costs” while money spent on technology are “investments.” Need some justification to invest in route optimization and telematics technology? million, down 11.0 percent from Q3 2012.
So let’s go straight to the supplychain and logistics news that caught my attention this week: Amazon poised to take on UPS, FedEx in delivery business (Seattle Times). Pitney Bowes Expands Shipping Logistics Portfolio with Acquisition of Enroute Systems Corporation. SAP Is the First Enterprise Software Vendor to Receive U.S.
Seldom do I see a commercial leader transition to supplychain, and I wanted to gain his insights. In 2007, Shane Emms was asked to take a Global SupplyChain leadership assignment at Syngenta. While Shane did not start out with a supplychain background, he was a fast learner and a great leader. Shane said.
Lots of supplychain and logistics news this week, so let’s get started… Transplace Introduces Preferred Shipper Checklist. Rockfarm SupplyChain Solutions Announces Acquisition of Global Distribution & Logistics. Kuebix Announces New Name and Disruptive Technology.
With new supplychain innovations , trends in logistics technology and advancements like automated robots making a big impact on operational efficiency, it seems that supplychain optimization is within reach for more companies than ever before. Brown @TheMichaelBrown Michael D.
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