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Top 10 Supply Chain Innovations of 2018

Material Handling and Logistics

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. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019. Top 10 Supply Chain Innovations of 2016 : robot pickers, bridge-inspecting drones, autonomous freight shuttles, and more.

Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . We do strategic carrier sourcing and contract negotiation, but it isn’t always time to renegotiate your contracts.

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[PODCAST] Why Shippers Looking for Capacity & High Service Levels Need the Right Carrier Mix & Logistics Fundamentals Focus

Cerasis

Hello and welcome back to another episode of “The Freight Project Podcast!” We hope you enjoy “The Freight Project Podcast.” We’ll publish every Tuesday right on the Cerasis blog and Freight Institute. In this “The Freight Project Podcast” episode you’ll hear : How in the retail space it is vital that marketing, sales, and the supply chain & logistics teams collaborate to achieve shared goals of consistent logistics.

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Gartner recently announced their 2018 Top 25 Supply Chains List. The 2018 Gartner Top 25 Supply Chain List. Source: Gartner. But overall most of the list was the same as 2017. In fact if you go back 5 years to 2013 you will find that most of the names are the same as on the 2018 list. Gartner Survey Metric Notes: 1. Source: Gartner (May 2018). Copyright Mortson Enterprises Inc, 2018. Subscribe Here! Email Address.

Delivery is the Product: Takeaways from Transplace’s Shipper Symposium 2018

Talking Logistics

The comment caught my attention because later that morning I was going to moderate a discussion with Dan Dershem , General Partner at Supply Chain Ventures, about emerging technologies such as blockchain, artificial intelligence and machine learning, autonomous trucks, and digital freight. It’s the reason why On Time In Full (OTIF) is a critical supply chain metric today. Digital Freight. I think I have personally looked at no less than 50 digital freight companies.

This Week in Logistics News (August 13-17, 2018)

Talking Logistics

Cass Truckload Linehaul Index (July 2018). Here are some excerpts from the press release: 94 organizations are actively involved or have agreed to participate on the TradeLens platform, including more than 20 port and terminal operators across the globe; customs authorities in the Netherlands, Saudi Arabia, Singapore, Australia and Peru; and freight forwarders, transportation and logistics companies including Agility, CEVA Logistics, and DAMCO. I’m back from vacation.

Connect Big Data with Predictive Analytics for Increased Visibility and Control Over Global Supply Chains

Supply Chain Network

Shippers, carriers, freight forwarders and third party logistic firms are currently spending millions of dollars in resources on ‘estimating’ important metrics such as container Estimated Time of Arrival (ETAs). However, in order for these advanced systems to function effectively requires that Supply Chain Professionals seek out and find the most accurate and diverse possible sources of useful data on all aspects of their supply chains.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.

The Supply Chain Carbon Footprint Reduction Strategy

Supply Chain Game Changer

The links between these nodes are the freight, transportation and logistics players who move the goods throughout the Supply Chain. Low cost sourcing is a predominant reason for this geographically dispersed network. Do they have a plan to get all of their energy needs from sustainable and renewable sources? Additionally there should be aggressive management of freight modes. Ocean freight or Rail travel are better environmentally than planes for instance.

7 Essential Attributes of Strategic Supplier Partnerships!

Supply Chain Game Changer

Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. The baseline metrics for performance of a partner are the same operational parameters used for other suppliers. One example is in the world of out-sourced software development. Freight and Logistics Guest Blog Post Procurement Supply Chain Management Business Leadership Purchasing SCM supplychainSubscribe Here! Email Address.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Most companies do not have a systemic and measurable approach in place to manage their global transportation and/or their logistics providers whether they are carriers, freight forwarders, or 3PLs.

7 Pitfalls of Amazon FBA (Fulfillment By Amazon)!

Supply Chain Game Changer

Amazon FBA sometimes falls short in this crucial metric. At Red Stag, for example, we can add inserts and personalized marketing materials to your customers orders, or help you source uniquely branded boxes and even tissue paper with your company’s logo. Freight and Logistics Guest Blog Post Omnichannel Retail Supply Chain Supply Chain Management Amazon AmazonFBA ECommerce Retail supplychainSubscribe Here! Email Address. Article provided by Jake Rheude at [link].

5 ways TMS transforms Logistics Managers' jobs

Abivin

Automate the manual process Source It can be very time-consuming to do the repetitive work manually. Manage data and information in real time Source Thanks to TMS integration, you can perform data management and information management in real time. You can also keep records for customer reference, invoice auditing purposes, potential shipment claims, damage claims, and freight rate auditing and negotiation.

50 expert tips on logistics planning and strategy

6 River Systems

“Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response. “By keeping an eye on these warehousing metrics, you can map out an error-resistant fulfillment process that moves from order to delivery as efficiently as possible. ” — 7 Metrics You Need to Streamline Your Warehousing Processes , Aero Fulfillment; Twitter: @AeroFulfillment.

Supply Chain Goals: Gracefully Overcoming the Hurdles of Global Sports Events

BluJay Solutions

The 2018 FIFA World Cup soccer championship has drawn millions of sports enthusiasts to Russia. million shipped items and 60 metric tons of air freight.*. Source: [link]. If supply chain is the ultimate team sport, nothing tests the game strategy and teamwork like a worldwide event. Preparations for this athletic mega event have been at full throttle for a long time.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

From optimizing freight movements and controlling freight costs, to supply chain SKU transparency and optimal inventory management, the value proposition for global transportation management is substantial and significant. Most companies do not have a systemic and measurable approach in place to manage their global transportation and/or their logistics providers whether they are carriers, freight forwarders, or 3PLs.

6 Supply Chain Trends That Could Truly Shake You Up (2018 Update)

Logistics Bureau

A 2018 Update. Therefore, we thought it might be a good idea to revisit each of the trends listed below, with a brief update as to how the situations have developed, and a look at the state of play in 2018. State of Play in 2018. Experience is everything in 2018 and without software—and supply chains—few if any businesses, can even exist, since there is no way to deliver the kind of experience that customers desire without either. State of Play in 2018.

BRIC 99

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

Source: Evan, Flikr. “I SophiaTX Open Source Platform to Integrate SAP, Blockchain. What will happen in 2018? Mexico and Canada are heading into 2018 with no clear plan for saving the North American Free Trade Agreement,” states a Bloomberg article published on December 15. Will prices continue to increase in 2018? For more insights and advice on this topic, stay tuned for an upcoming research report to be published in Q1 2018.

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need. Look for solutions that are simple, transparent, and scalable —from freight forwarding to fulfillment to transportation, there are solution providers that can help you build a dynamic supply chain designed for every stage of your business growth.

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Assumptions and intuition don’t drive business decisions, quantifiable metrics do. If you need more than one facility, often times you’ll have to multiply efforts to source and procure the location and services you need. Look for solutions that are simple, transparent, and scalable —from freight forwarding to fulfillment to transportation, there are solution providers that can help you build a dynamic supply chain designed for every stage of your business growth.

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

Robinson Reports 2018 Fourth Quarter and Full-Year Results TPG Capital to sell Transporeon Group to Hg BluJay Hires Andrew Kirkwood as Chief Executive Officer Tool Company Claims IPS Worldwide ‘Misappropriated’ Millions (WSJ – sub. req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. Uber Freight: Transportation Facility Brand Managers.

New Freight Broker Resource Guides Available from TIA

DAT Solutions

These guides are one of the benefits of TIA membership , as they cover a variety of legal and regulatory topics and are written specifically for freight brokers. Information contained in the guides is often not available from any other source. Brokers with fewer than 500 employees must comply by April 6, 2018. TIA Factoring Guidelines - Provides a broad overview of freight factoring and includes guidelines for brokers when working with factoring companies.

Launching the Freightos Baltic Index (FBX) for Daily Rates

Freightos

As a result, nearly every industry has created on-demand metrics to gauge market performance, hedge risks, and to power intelligent decisions. But despite its size, containerized freight’s poor visibility persisted. As containerized freight has been slow to digitize in general, a reliable, data-driven, and actionable index has eluded the industry as well. Prices for everything and anything are subject to change and freight rates for containers are no different.

Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Many metrics can be used to determine the top 3PL warehousing companies, such as company revenue, the number of warehouses, total warehouse square footage , etc. Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Source: Machine Learning – A Giant Leap for Supply Chain Forecasting, Material Handling and Logistics Conference (PDF, 28 pp., Reducing freight costs, improving supplier delivery performance, and minimizing supplier risk are three of the many benefits machine learning is providing in collaborative supply chain networks. Source: Machine Learning & AI in Transport and Logistics, Frank Salliau & Sven Verstrepen Logistics Meets Innovation Vlerick Brussels – Nov.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Strategic Freight Management: Arrange bids by carriers for long-standing contracts based on Risk, Capacity and Cost.Selection of Carrier: Arrange carriers for each shipment considering allocations, business shares, and costs. By incorporating TMS information with other inner sources of data, such as ERP and WMS or OMS, the businesses can attain approximately real-time visibility into products from purchase through inventory and transportation. 2018). 2018). 2018).

5 Crucial Software Every 3PL Company Needs To Have

Abivin

A Transportation Management System also helps in effective management of shipping units, transportation mode selection, freight bill auditing, outbound and inbound shipment scheduling, payment and processing of loss and damage claims etc. Third is the ability to execute real-time workflow and productivity metrics, access real-time inventory visibility. 2018). 2018). 2018).

3PL 61

This Week in Logistics News (January 7-11, 2019)

Talking Logistics

Check out the highlights and photos from our 2016 , 2017 , and 2018 rides. req’d) Class 8 orders: December dips, but 2018 sets new record (FleetOwner) Port Truck Drivers Awarded Nearly $6 Million; Drivers’ Manager Held Personally Responsible For Wage Theft Due to Misclassification as Independent Contractors. Source: “Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation,” Adelante SCM & BluJay Solutions, 2018.

Takeaways from Descartes Evolution 2019

Talking Logistics

Source: Google. This was not a trivial transition because the software industry, until relatively recently, was long fixated on measuring its health and success by new license revenue (sales of products) instead of customer-centric metrics, such as realization of ROI and payback objectives. Descartes Systems Group Revenue 2006-2018 (Source: macrotrends). Real-time freight visibility is quickly becoming a “must have” capability for transportation managers.

Why Logistics and Transportation Should Digitize

3rdwave

Haslam College of Business, April 2018). Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. Freight Invoice auditing and payment.

Gartner Top 25 Supply Chain List! Is it Still Relevant?

Supply Chain Game Changer

The 2018 Gartner Top 25 Supply Chain List. Source: Gartner. In fact if you go back 5 years to 2013 you will find that most of the names are the same as on the 2018 list. Gartner Survey Metric Notes: 1. Source: Gartner (May 2018). SCM #SupplyChain #Logistics #Distribution #Technology #Leadership #Procurement #Purchasing #Freight. Supply Chain Management Distribution Freight Leadership Logistics Procurement Purchasing SCM supplychain Technology

Why Logistics and Transportation Should Digitize

3rdwave

Haslam College of Business, April 2018). Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. Logistics is a highly procedural function with clearly defined responsibilities and performance metrics. Freight Invoice auditing and payment.

Full List of President Trump’s Tariffs on $34 Billion of Chinese Goods

Aborn and Co.

Parts suitable for use solely or principally with passenger or freight elevators other than continuous action, skip hoists or escalators. kW but not exceeding 75 kW, used as primary source of mechanical power for electric vehicles. The looming trade conflict between the US and China escalated to a full blown trade war on Friday after the Trump administration announced new tariffs on 1,102 product lines.

DC 40

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. As we touched on above, the challenges of talent acquisition — and retention — was clear in 2018 and this has continued into 2019.

26 logistics professionals reveal the biggest trends in logistics technology

6 River Systems

RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line. These advancements are accelerating thanks to better tools that were created in 2018. They can also be used to track the provenance of adulterated products to identify the source.