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After 10+ years of writing the weekly news roundup, as well as a bi-weekly column for Logistics Viewpoints, today is my last day at ARC Advisory Group. Over these 10 years+ I have learned a lot about supply chain and logistics through conversations with end users, suppliers, and my colleagues. Cargo imported into the U.S.
The current state of logistics is our malady. I find no agency or entity trying to find a holistic solution to global logistics. meters draft, and cargo capacity up to 14,000 twenty-foot equivalent units (TEU); previously, it could only handle vessels up to about 5,000 TEU. Logistics costs in China are 16.6%
In the meantime, here’s the supply chain and logistics news that caught my attention this week: Home Depot Sets $1.2 Driver pay has surged so far in 2018, NTI reports, with gains expected to continue (CCJ). Capstone Logistics acquires LoadDelivered, Logistical Labs (CCJ). Billion Supply-Chain Overhaul (WSJ – sub.
There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. In general, the predictive analytics solutions in logistics and supply chain are on the rise. The most well-known examples are Transmetrics and ClearMetal , which were both mentioned in the latest DHL’s Logistics Trend Radar.
In the meantime, here’s the supply chain and logistics news that caught my attention this week: Amazon serves up 1 billion items through Prime over holidays (The Mercury News) Swamped With Inventory, U.S. Stay tuned. Companies Turn to ‘Mobile Storage’ (WSJ – sub. Companies Turn to ‘Mobile Storage’ (WSJ – sub. As Erica E.
Autonomous supply chains can help businesses by enabling faster and more accurate demand forecasting, optimizing inventory levels and distribution networks, automating warehouse and delivery operations, and enhancing customer service and satisfaction. Rolls Royce predicts that lighter unmanned vessels will burn 15 percent less fuel.
This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. 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.
My wife often jokes that she is the VP of Supply Chain and Logistics in our family. Moving on, here’s the supply chain and logistics news that caught my attention this week: Uber teams with NASA to make flying cars a reality (CNN). Full block train, single or multiple containers, LCL shipments and oversized cargo are available options.
After a year full of more scandals, indictments, political contentiousness, workplace violence, school shootings and natural disasters, maybe it’s time we all took a collective breath and focused on some of the positives that came out of 2018. Self-Service Logistics. Content Summary: The Era of Do-It-Yourself Logistics.
Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Material Handling & Logistics ). Material Handling & Logistics ). IATA data shows global demand for air cargo markets jumped 3.7%
” Logistics professionals could adopt that statement as their motto. Half-a-decade ago, Apptricity analysts wrote, “In the world of supply chain and logistics management, perfection remains an elusive goal. “Logistics companies cannot afford not to be innovative,” he explains.
Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. It's been difficult to plan inventory flow with much precision.
And with that, here’s the supply chain and logistics news that caught my attention this week: Walmart Toughens Delivery Demands for Suppliers (WSJ – sub. And with that, here’s the supply chain and logistics news that caught my attention this week: Walmart Toughens Delivery Demands for Suppliers (WSJ – sub.
The current state of logistics is our malady. I find no agency or entity trying to find a holistic solution to global logistics. meters draft, and cargo capacity up to 14,000 twenty-foot equivalent units (TEU); previously, it could only handle vessels up to about 5,000 TEU. Logistics costs in China are 16.6%
According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 trillion on logistics and transportation services in the United States in 2018, an increase of 11.4% Overall, logistics spending in 2018 reached 8% of U.S.
“The aim is to pare what Target calls its replenishment cycle from days to hours and reduce inventory at stores, especially at the retailer’s new small-format stores and locations in denser urban areas. also uses the same pool of inventory to replenish stores and fulfill online orders, a departure from Target’s existing supply chain.”.
Solution: Collaborative logistics: Partnering with other companies in similar industries can allow for shared resources and consolidation of deliveries during peak periods [1]. Fraud and Security: Challenge: Ticket counterfeiting, fare evasion, and cargo theft pose security risks and financial losses for transportation providers.
Loss of inventory in the food industry due to perishable items. Difficulties of managing paper work and different logistical touchpoints in a multi-party transaction between jurisdictional authorities and vendors. Hence, the ability to trace each product to its source (product lineage) is critical for companies. Footnotes. [1]
MONDAY 22 OCTOBER 2018. E2open to Acquire INTTRA, Adding the World’s Leading Ocean Shipping Network and Software Provider, Creating an Integrated Global Supply Chain and Logistics Operating Network.
(Source: Public Works Los Angeles County) Road closures in LA County Historical events, such as the 2017-2018 Thomas Fire in Southern California, have demonstrated that wildfires of this magnitude can severely disrupt supply chains, with road closures, damaged infrastructure, and workforce displacement leading to delays and increased costs.
including its global supply chain sustainability software offering for beneficial cargo owners (BCOs) , enterprise supply chain leaders and logistics service providers (LSPs). We built Atomic to be the inventory planning system we always wished we had.
CP has recorded annual losses in each year dating back to 2018, and was on pace to completely deplete its cash reserves by Q2 of 2025 before the federal government stepped in with a $1 billion lifeline in January.
This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. In a 2018 survey by GEODIS, only 6% of supply chain professionals worldwide believed their companies had achieved supply chain visibility ?
businesses annually spend over one trillion dollars on logistics and ensuring none of that spend is wasted is good for all stakeholders. Surrett explains, “When shipping documents misreport significant attributes of cargo, the resulting inaccurate or false billing can prompt additional carrier charges. ” They are: 1.
Third-party logistics companies ( 3PLs ) specialize in distribution, warehousing and fulfillment services. The core competency of these companies is logistics , and they do it well. Even Amazon used third-party logistics companies when the company first started, until reaching sufficient scale to have a logistics arm of its own.
It used to take two days to get cargo off the docks. Marketing expert Robby Pedraza explains, “During World War II, standard sized shipping containers were developed to ship military cargo to the front lines. Conex containers evolved into modular units that could stack efficiently to store more cargo in one location.”[4].
With rapid growth in technology, the logistics industry across the globe is experiencing a paradigm shift with fast track development driven by unique innovation and sturdy growth in the evolution of technology. during 2018-2023, reaching a value of US$ 1,374 Billion by 2023. What’s happening around?
Many of these trends are evolutions of trends we saw developing through 2018, and as they build momentum, they become notably disruptive. With unique identifiers, shipments and cargo can be tracked on a transactional level. The entire history of a shipment or cargo can be tracked, with clear hand-off points and accountability.
Logistics can be traced all the way back to the Greek and Roman empires , but it’s undergone several major transformations as new technologies provide opportunities to more efficiently manage the movement and storage of goods. In the digital transformation age, logistics is once again undergoing a major shift. Marc Tuinier.
by the end of 2018. Companies like XPO Logistics and Old Dominion Freight have implemented a general rate increase of 5.9 Logistics providers also investing in new equipment. Manufacturers of everything from clothing and food to construction equipment are shipping more cargo than usual. Why are shipping costs growing?
Many industries like manufacturing, agriculture, and logistics have been relying on industrial IoT to optimize their applications by connecting machines and devices. Inventory management. Logistics management. Supply chains can optimize logistics functions with the help of IIoT ecosystems. They are: 1. Asset management.
It still takes a long time for cargo ships to transit the vast expanses of ocean. Failures in cold chain logistics can still cause spoilage. Inventories still need to be stored. 1] Rich Weissman, “ Supply and demand still rule supply chains ,” Supply Chain Dive , 5 February 2018. [2] ”[5]. Principle 6.
A recent Supply Chain Insights study revealed that the number one event impacting supply chains from 2013 to 2018 was cyber attacks or computer hacking. Managing inventory. 8] Kasey Panetta, “ Why Blockchain Matters to Supply Chain Executives ,” Smarter with Gartner , 9 July 2018. ”[1]. ”[3].
The editorial staff at Digital Information World , reports, “In retail, artificial intelligence is being adopted rapidly — between 2016 and 2018 there was a 600% increase in adoption. Finally, concerning third-party logistics services, Tymm writes, “Omnichannel retailing has put more pressure than ever on warehousing.
The world of supply chain and logistics is changing every day. Each one is featured as having done something unique to reinvent their supply chain and logistics. 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.
This week, the Council of Supply Chain Management Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 33rd Annual State of Logistics Report to organization members and the industry as a whole. business logistics costs reportedly rose by 22.4 For 2021, U.S. percent to $1.85
The biggest retail challenges from the NRF and Appriss survey include the following: Self-service returns Damaged returns or policy abuse Re-processing goods at a warehouse on digital returns Indeed, a lot of work still needs to be done in reverse logistics. Tompkins Robotics – Expanded its reverse logistics capabilities in 2018.
And here’s to hoping that 2018 results in even more significant advancements in the state of warehousing and transportation technology. Top 10 Supply Chain Innovations of 2014 : hybrid DCs, 3-D prototypes, location-based inventory system, and more. Content Summary: First Self-Sailing Electric Cargo Ship Set to Launch.
Home Depot launched Home Depot Pro in 2018 and optimized its supply chain to manage both consumer and professional demand. Catch my weekly column on air cargo, freight forwarding, and the express markets, and the occasional podcast on Air Cargo World. I wear a number of hats these days.
It has evolved the standard for active RFID (aRFID) communications globally and has been extremely successful in enabling military logisticians to use active RFID tags, readers and software to catalog, inventory and track the DoD and allied military supply chain worldwide.
Last month, we attended the 2018 D3 Retail Summit in Brooklyn, put together by eyefortransport (EFT). As supply chain and logistics become increasingly important for eCommerce success, retailers and brands are turning to new B2B solutions to meet demands and thrive. I don’t know if anyone’s ever heard of Cargo.
And now on to this week’s logistics news. percent above its January 2018 baseline, up from 25.2 A steep, across-the-board decline in imported cargo , exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 pandemic. percent for Q4. That’s all for this week.
The COVID-19 pandemic resulted in dramatic shifts in volume characteristics for many transportation providers - first in supplying retailers in inventory restocking and direct to consumer and then, along with retail restocking and direct to consumer, supporting manufacturers as facilities reopened during the second half of the year.
A TEU is one 20-foot-long cargo container or its equivalent. January 2018 is forecast at 1.64 Cargo volume does not correlate directly with sales because only the number of containers is counted, not the value of the cargo inside, but nonetheless provides a barometer of retailers’ expectations. million TEUs in March 2015.
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