Turvo

NOVEMBER 16, 2021

Although the US economy is getting back on its feet, the supply chain industry continues to grapple with disruptions, some of which have been hampering operations since early 2020. During the holiday shopping season, sky-high ocean freight rates are major contributors that will strain the industry and shoppers alike.

Freight 85

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Intelligent Audit

JUNE 30, 2022

But in the timeframe between 2020 to 2022, a volatile supply chain market showed the weakness in outdated, legacy supply chain execution built on rigid technology or lacking any accurate data that can improve overall decision-making. Retail supply chain management has always been a complicated and complex process. billion tons.

Optimal Sourcing 52

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Intelligent Audit

MAY 12, 2022

Often, the general public’s view of freight transportation is similar. The Bureau of Transportation Statistics reported that, “Freight shipped across the U.S. billion in February 2022, […] up 17.2% from pre-pandemic February 2020 ($95.95B).” billion in February 2022, […] up 17.2%

Freight 52

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Supply Chain Matters

DECEMBER 13, 2022

This action represents a reported 77 percent premium to the company’s closing stock price on November 22, 2022, the last full trading day prior to media reports involving a potential transaction. billion in October 2020. Pactum’s machine learning stepped in to analyze routes, propose prices to the best truckers and secure capacity.

Supply Chain Design Software 52

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The Logistics & Supply Chain Management Society

MARCH 16, 2021

Without a doubt 2020 will be etched in our memories as the year of multiple disasters, with the Covid-19 pandemic, trade issues between the US and China, wildfires in Australia, social unrest in Hong Kong, drastic declines in oil prices, turbulent financial markets and other politically dominated issues in emerging markets.

Pharmaceutical 246

Pharmaceutical Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 246

Resilinc

NOVEMBER 2, 2021

In the race to fill distribution centers and store shelves with inventory for the holidays, some of the world’s largest retailers and ecommerce sellers are jumping ahead of smaller competitors by chartering ships, shifting freight to air, re-rerouting inland shipments, and hiring more staff for distribution centers and other supply chain nodes.

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Logistics Viewpoints

AUGUST 19, 2022

Aurora Innovation , one of the startups pushing for autonomous truck commercialization, postponed the launch of its self-driving vehicle by a year due to delays in securing tier 1 suppliers for truck hardware. According to The American Transportation Research Institute’s (ATRI) 2022 update, the total marginal cost of trucking grew by 12.7

Logistics Network Optimization Software 198

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Enterra Insights

FEBRUARY 28, 2022

Lynda Buel ( @CEOLynda_SRMC ), president of security consulting firm SRMC, believes “the decriminalization of low-level offenses in some states has created opportunities for criminals to manipulate the system. ” According to numerous experts, there are several reasons behind the rise in retail crime rates. ”[13].

Los Angeles 130

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SCMDOJO

MARCH 28, 2023

By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers. Blockchain technology is a decentralized, digital ledger that records transactions in a secure and transparent way.

Supply Chain Design Software 107

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The Logistics & Supply Chain Management Society

MAY 28, 2022

Semiconductor shortages worldwide have also made the going tough for Singapore’s Creative Technology, a leader in digital entertainment products, since 2020. GeTS enables the orchestration of logistics, compliance and financial requirements of trade and supply chain seamlessly, smartly and securely.

Supply Chain Planning Software 245

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ModusLink Corporation

FEBRUARY 8, 2023

The value of shipments moving through free trade zones was over $835 billion compared to just $625 billion in 2020. Creating secure areas within a warehouse may be necessary to store goods, especially high-value goods and those subject to additional regulation, such as pharmaceuticals. November 2022. Bibliography Forster, James.

Negotiating Skills 78

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Logistics Viewpoints

APRIL 22, 2022

This past Monday marked the first normal Boston Marathon since 2019, as the 2020 marathon was canceled due to the Covid pandemic, and the 2021 marathon was shifted to October with a smaller field. The company, in a look toward the 2022 holiday season, said it is advancing deliveries of key items to ensure that they are available.

Logistics Network Optimization Software 223

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Supply Chain Matters

NOVEMBER 7, 2023

In a Supply Chain Matters blog commentary published as far back as March of 2015 , we addressed efforts directed at introducing ever larger mega container ships, multi-carrier capacity agreements, outsourcing of certain services and increased transit times and tariff rates compound themselves to secure rate advantages.

Cost Reduction Strategies 59

Cost Reduction Strategies Global Industrial Industry 59

Intelligent Audit

MARCH 17, 2022

According to the EIA , the national average for a gallon of deisel fuel on March 7, 2022, was $4.85, up a whopping $0.75 on February 25, 2022, to $3.24 on March 4, 2022. Meanwhile, FedEx began charging international shipping surcharges effective March 7, 2022. Consolidate Freight Wherever Possible. year-over-year.

Price Reduction 98

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Supply Chain Matters

JANUARY 5, 2023

Robinson , Bob Biesterfeld , has been ousted at America ’s largest freight brokers by revenue. Securities and Exchange Commission : “ Mr. Biesterfeld’s departure was an involuntary termination by the company without cause.”. The announced came yesterday and according to a company filing with the U.S. He was appointed to be CEO in 2019.

Supply Chain Planning Software 52

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Supply Chain Game Changer

NOVEMBER 29, 2022

In today’s fliting economy, finding secure investment opportunities with a reasonable return on investment is challenging. According to studies, the food delivery sector alone in the US grew to $26 billion in 2020 from $20 billion a year prior. billion in 2022, with an additional 4.6% billion in 2022 from $6.88

Company 73

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Supply Chain Game Changer

OCTOBER 14, 2021

Rising fuel and freight costs. Crude oil prices are a simple litmus test for economic performance—namely in how they affect the cost of fuel prices, which affect freight rates. Over an 18-month timeframe—April 2020 to September 2021—the cost per barrel of crude has more than tripled from $20.10/bbl bbl to $68.50. bbl to $68.50.

Negotiating Skills 76

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Intelligent Audit

JUNE 14, 2022

The point was driven home in a 2022 post by Financial Post , highlighting the stress that the COVID-19 pandemic has had on the supply chain and how it has contributed to employee burnout. The Russia–Ukraine war and rocketing diesel prices of 2022 likely felt like the last straw for many teams already experiencing employee burnout. .

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Supply Chain Matters

OCTOBER 1, 2022

The report’s opening statement indicates: “ An exceptionally profitable period in the shipping industry is coming to an end, during which companies such as Maersk have benefitted excessively from sky-high freight rates.”. © Copyright 2022, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. Bob Ferrari.

Shipping 52

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Logistics Viewpoints

OCTOBER 29, 2021

Additionally, Amazon has doubled its shipping container processing capacity by increasing ports of entry and partnered with more ocean freight carriers to secure space in “critical ports.”. Considering the surge in e-commerce, and the company’s plans to increase rates, 2022 could be even better. percent from last year.

Logistics Network Optimization Software 191

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BlueYonder

FEBRUARY 17, 2022

These three decades between 1990 and 2020 were influenced primarily by several key factors. Transport costs are soaring to ridiculous levels, especially for those shippers that did not have an organized procurement strategy for freight movement. Border policies erode the effectiveness of homeland security.

Supply Chain Planning Software 72

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Resilinc

OCTOBER 23, 2023

We needed to position our organization and supplier base to act quickly to secure supply in the event of a disruption. The number of annual EventWatch AI alerts approximately doubled since 2020 to about 10,700 in 2022. EventWatch AI visibility enables an organization to respond quickly and secure supply.

Pharmaceutical 53

Pharmaceutical Manufacturing Procurement Material Savings Supply Chain Strategy 53

Supply Chain Matters

JANUARY 10, 2023

A published Future of Freight study sponsored by Deloitte in September 2022 indicated that U.S. firms are expected to reshore upwards of 350,000 jobs in 2022 alone. Bloomberg reported in November 2022 that shipments of motor vehicles, computer parts and boats, manufactured in Mexico and destined for U.S. Canada or Mexico.

Predictive Analytics Software 52

Predictive Analytics Software Resource Reduction Cost Reduction Strategies Manufacturing Procurement 52

Freightos

MARCH 19, 2024

More Resources Home Navigating the Waves: Exploring Digital Booking in Ocean Logistics at TPM 2024 Judah Levine The sessions at this year’s TPM, the preeminent North American ocean freight conference, was more focused on the role of technology in ocean logistics than ever. The data shows this too.

Logistics Network Optimization Software 267

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Intelligent Audit

JANUARY 5, 2022

The 2022 general rate increases are affecting every mode of shipping. Applying and securing licenses is an additional vital step to shipping pharmaceuticals. As 2022’s market continues to reveal a drive for parcel home delivery, companies should consider which fulfillment model is the most cost-effective with the most capacity.

Pharmaceutical 52

Pharmaceutical Material Savings Shipping Cost Reduction Strategies 52

Supply Chain Matters

JANUARY 17, 2023

Global wide transportation and logistics costs increased at unprecedented rates during 2021 and 2022. During 2022, as consumers shifted their physical goods buying patterns away from products and into travel and services, global shipping volumes steadily declined and so did spot rates. Prediction Background. Parcel Segment.

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ToolsGroup

APRIL 1, 2022

Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages. In Fortune 500 earnings calls for Q3 of 2021, “supply chain” mentions were up 412% from Q3 in 2020. A variety of chips will remain in short supply throughout 2022. higher than 2020.

Material Savings 207

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Turvo

OCTOBER 21, 2021

Reason for the drastic increase in freight prices . Probable events that will lead to a downfall in freight prices. In recent months, businesses and shippers have been plagued with abnormally high freight rates. Freight prices have climbed over 500% in the last year. . Why have freight rates been on the rise?

Freight 81

Freight Price Reduction Cost Reduction Strategies Scenario Planning 81

Supply Chain Matters

APRIL 14, 2023

Venti Raises $29 Million in Series A Round Autonomous logistics technology and industrial hubs provider Venti Technologies announced that it has secured $28.8 while securing a $5.4 V in an effort to secure upwards of $283 million in cash to stave off bankruptcy. million in Series A financing.

Supply Chain Design Software 52

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Logistics Viewpoints

APRIL 14, 2023

The manufacturer’s private fleet has deployed a fleet of Einride EVs to haul freight between GE Appliances’ inbound warehouses and manufacturing facilities in Kentucky, Georgia, and Tennessee. million jobs in March, the fewest number of jobs in the sector since January 2022, when companies employed 1.88 Employment at U.S.

Logistics Network Optimization Software 205

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ShipBob

JULY 14, 2022

In today’s hyper-connected world, freight forwarding can seem like a lone holdout. Combining this pre-existing state of freight with the events of the past two-plus years of pandemic-related disruptions and grasping the micro- and macro-dynamics becomes even harder. What’s causing the delays in freight shipments?

China 98

China Freight Shipping Modeling 98

The Logistics & Supply Chain Management Society

JUNE 14, 2023

5 Immediate Impacts of the Ocean Shipping Reform Act of 2022 By Nat Josef Just when it seemed like bipartisanship was going the way of the dinosaurs, Congress recently came together to pass the Ocean Shipping Reform Act of 2022, which President Biden signed into law on June 16th. Amy Klobuchar (D-Minn.) and John Thune (R-S.D.)

Supply Chain Design Software 130

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Logistics Bureau

JULY 25, 2022

For instance, the hangover from the pandemic, which has not yet permitted ocean freight from China to return to anything like normal service, is a problem that continued COVID outbreaks and associated port closures are exacerbating. Then there is the Russian blockade of Ukrainian ports with which carriers must contend. increase in wages.

Agile and Lean Supply Chain 86

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Unleashed

JUNE 23, 2021

2021 has been a tumultuous year, marking a transition period from the chaos of 2020 through to the beginning of the post-Covid-19 recovery. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. YOY in 2020 up to a CAGR of 11.3%

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

Logistics Viewpoints

JANUARY 8, 2021

UK freight shipping costs quadruple after Brexit, COVID. The four WestJet planes are being converted to cargo jets and will join the Amazon Air fleet this year, while the seven Delta planes will be added in 2022 after their conversion. a mile) for a full truckload in the final week of 2020. That’s up from an average of 1.50

Logistics Network Optimization Software 130

Logistics Network Optimization Software Logistics Los Angeles Long Beach 130

Freightera

JUNE 1, 2022

Freightera’s enhanced quoting engine makes the largest freight rate inventory in North America more accessible for businesses struggling with lack of transport availability and high prices. All-inclusive fixed-cost online freight quotes at Freightera now load faster and more reliably, allowing users to interact with them right away. .

North America 34

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Cathy Roberson

JANUARY 25, 2022

” Named the Import Security and Fairness Act , the legislation calls for the following actions: · Prohibit goods from non-market economies countries and on the US trade representative’s (USTR) watch list from using de minimis. · million for the fiscal year 2021 (Oct 1, 2020 – Sept 30, 2021), a 21.3%

Cost Reduction Strategies 52

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