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U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs

Supply Chain Matters

According to the April report commentary , the industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022. Further indicated was: “ whether or not we have hit bottom of rates is unclear.” Imports among the U.S.

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Time to Squeeze Carriers for Better Rates?

Talking Logistics

So, that tells me that the inventory situation continues to weigh on truck freight volumes. We’ve produced several Talking Logistics episodes related to transportation procurement (see links below), with each guest providing great insights and advice on the topic. Leading Practices in Transportation Procurement.

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This Week in Logistics News (January 28 – February 3)

Logistics Viewpoints

The startup procured $400 million in a Series E financing round, led by One Madison Group and JS Capitol , that includes Walmart and existing investing partner SoftBank Vision Fund 1 in January 2022. Moller – Maersk is turning to flying drones to manage inventory counts in its warehouse network, the Danish firm said. billion last year.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. As some component lead times push into 2023, the shortage is expected to last 24 months before it recedes – similar to the chip shortage of 2008-2009.

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7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. The only option was to try to reduce levels of inventory, which, up to that point, had been kept very high to support a nine-week order cycle.

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

In higher-traffic markets, Advance Auto Parts has “hub” stores that keep more inventory in-stock to give customers what they need when they need it. Bed Bath & Beyond is also implementing inventory reduction strategies and is on track for a 5% reduction year-over-year by the end of the current fiscal year.