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However, there is probably one industry that most of us would not think of in this list: the cargo theft industry. According to the National Insurance Crime Bureau (NCIB), cargo theft in the United States is a $15 to $35 billion industry. Cargo Theft Tactics Cargo theft comes in many shapes and sizes. Keep a vigilant eye.
More Resources Home The Impact of Fast Fashion Giants On Air Cargo Eytan Buchman April 25, 2024 Navigating New Horizons: The Impact of Fast Fashion on Air Cargo Rates & Dynamics The intersection of fast fashion, globalized retail e-commerce, and air cargo logistics is coming to a head with Temu and Shein’s entrance to the US market.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. I am worried.
Importance of Digitalisation to Improve SupplyChains: Helping Businesses Navigate Through SupplyChain Disruptions. is adopted in more and more industries and companies, the supplychain industry is starting to implement these disruptive technologies to adapt to the ongoing challenges and obstacles.
About Gnosis Freight Gnosis Freight is a leading provider of supplychain visibility and execution software, made available through its proprietary Container Lifecycle Management (CLM) platformthe worlds first supplychain platform focused on the full lifecycle of your shipping containers.
Autonomous supplychains are systems that can operate with little to no human intervention, and they use artificial intelligence, robotics, automation, and sensors to optimize the flow of goods. The key technologies that enable autonomous supplychains are artificial intelligence (AI), robotics, sensors, and blockchain.
This year Raconteur has once again put together a very readable report entitled SupplyChain Resilience 2022. The authors ask, “As disruption continues to plague international supplychains, what can organisations do to build resilience and ensure efficiency?”
The Future Of The SupplyChain Starts With Sustainability. To say the last two years have been difficult for the supplychain industry is a significant understatement. The Importance of SupplyChain Sustainability for 2022 and Beyond. Making SupplyChains More Sustainable.
Because of fourth quarter volume surges, ongoing congestion at ports around the world, and 2021’s (and first quarter 2022’s) limited container availability, demand has outpaced available capacity. Predictably, short-term capacity remains at a premium. This is the second post in a three-part series.
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.
and Israeli startups focused on logistics, the supplychain and customer fulfillment. and Israeli startups focused on logistics, the supplychain and customer fulfillment. Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea.
In September 2022, Macy’s rolled out its first-ever wood-sourcing policy for its furniture sales after more than 150 years in business. The policy follows Macy’s $5 billion commitment announced in March 2022 to become more sustainable in its policies and practices. The average value of cargo stolen in an event was $214,104.
Logistics tech in 2022 has been unavoidably shaped by the two years that preceded it. This shaped the way BCOs approached 2022 and will likely continue to see supplychain; a new drive to ensure global freight shipping reliability at all costs. The Elusive 2022 Peak Season. Uncertainty became the byword.
Over these 10 years+ I have learned a lot about supplychain and logistics through conversations with end users, suppliers, and my colleagues. Cargo imported into the U.S. Department of Transportation (DOT) has added three major West Coast ports to its data-sharing supplychain platform.
Global Trade Authority Rob Garrison, CEO and Co-Founder of Mercado Labs, shares insights from over 30 years of supplychain experience working with a variety of Fortune 500 companies. Here, he explains what caused current global supplychain disruptions, and shares the five steps needed to overcome today’s supplychain issues.
export regulations led to supplychain disruptions. rules issued in October 2022 restricted exports to semiconductor manufacturing facilities there as part of an effort to keep U.S. rules issued in October 2022 restricted exports to semiconductor manufacturing facilities there as part of an effort to keep U.S.
In the early morning hours of April 26, at approximately 1:35am, a cargo ship leaving Baltimore Harbor struck the Francis Scott Key Bridge, triggering a catastrophic collapse of the 1.6-mile-long Walmart first announced its next-gen fulfillment center model in 2022. mile-long span. And now on to this week’s logistics news.
This follows a series of incidents in which Flex drivers, who use their own cars for deliveries, have reportedly been met with violence or threat by residents: since 2022, five Flex drivers have been shot in four different incidents and five others said they have had guns drawn on them. Bank Freight Payment Index. percent) and Northeast (-23.8
Read more Above the Fold: SupplyChain Logistics News (September 23, 2022). The post Above the Fold: SupplyChain Logistics News (September 23, 2022) appeared first on Talking Logistics with Adrian Gonzalez.
store operations by 9 percent over the past year, slashing hundreds of millions of dollars of goods from their balance sheets and suggesting space is opening up in their jammed supplychains. Last month, the company released its third annual “Brand Protection Report” and said it disposed of over 6 million counterfeit goods in 2022.
Two recently published studies identify the top disruptions that impacted industry, business and global supplychains during 2024 and our expected to be present in 2025. According to the releas e , overall disruptions to global supplychains increased 38 percent on a year-over-year basis.
But the discussion quickly turned to exploring why – given the marked shift to eBookings in air cargo – does the prevalence of eBookings in ocean logistics still lag so far behind? Ultimately, the panelists were in agreement that, as in air cargo, the availability of eBooking is not likely to eliminate the role of freight forwarders.
We have certainly seen more focus on women in supplychain over the last few years, and nearly every conference that I attend has tracks dedicated to women in supplychain. Perhaps the most notable initiative thus far, however, is its efforts toward launching a collaborative supplychain strategy.
FedEx plans to test autonomous drone cargo delivery with Elroy Air. Chipotle’s push for humane chicken delayed amid tight supplies. Mexican factories gain in supplychain revamps. Air Canada wants more cargo jets 3 months after launching service. Walgreens to offer Wing drone delivery in suburban Dallas.
In 2017, Mark recognized a need for logistics service providers to have better access to cost effective All-Risk Shipper’s Interest Cargo Insurance with focus on Mexico. In 2022 Reliance was acknowledged as the 82nd largest P&C agency in the US. For that reason, Mark founded Borderless Coverage. Mark earned a B.S.,
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. I am worried.
Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Brian Kempisty Brian Kempisty is the Founder of Port X Logistics, a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. and Canada.
Breakbulk Americas , is the region’s largest trade event for the project cargo and breakbulk industry. In the podcast interview, Joe and Jeff discuss Tucker Company Worldwide and the Breakbulk Americas conference, the region’s largest trade event for the project cargo and breakbulk industry professionals. Breakbulk Exhibitor List .
The CIF is an international shipping agreement representing the charges paid by a seller to cover the costs, insurance, and freight of a buyer’s order while the cargo is in transit. SYNOPSlS: Unlocking Greater Value in Your SupplyChain. SYNOPSlS: Your SupplyChain Roadmap IDC’s Predictions for 2022 and Beyond.
This will certainly be an interesting area to watch, especially as electric vehicles become more commonplace and apply to the global supplychain. Cargo losses escalate as thieves target cars, electronics. With the reduction in cargo coming out of Shanghai, some carriers aren’t able to fully load a vessel.
The new issue for the global supplychain comes amid a rise in global demand, with shipments up 13% year-over-year in June. Air freight supply has increased, but only by 3% year-on-year, already causing higher costs for shippers due to the limited capacity. And now on to this week’s logistics news. The report, which analyzed 8.4
The team behind Energy Observer wants to gain better information for commercial cargo vessels by vastly increasing the size of the ship. Driving Sustainable SupplyChain Change. Driving Sustainable Growth Through SupplyChain Resilience. The Role of Digitisation and Analytics in SupplyChain Resilience.
Patrick’s Day, up from 54 percent in 2022 and the highest in the history of the survey. Amazon Air’s network is starting to look more like the hub-centric models of air cargo giants FedEx and UPS. Between August 2022 and March 2023, Amazon Air’s domestic takeoffs and landings grew 2.8 Patrick’s Day spending. per person.
Executives are plotting alternate supplychains or devising products that can be made elsewhere should China’s hundreds of thousands of factories become inaccessible. Executives are plotting alternate supplychains or devising products that can be made elsewhere should China’s hundreds of thousands of factories become inaccessible.
It took time for the situation to normalize, especially for complex products like semiconductors that require a lot of moving parts in the global supplychain. Just when it seemed that 2024 would be a very welcome year of “normal” supplychains, the Red Sea crisis proved that for global supplychains, there is no such thing.
Qatar failing to keep its climate pledge for the 2022 World Cup Before the start of the 2022 FIFA World Cup, Qatar pledged to make this the first carbon neutral…
Prior to his current venture, Kyle dedicated three years to developing a cutting-edge control tower solution for supplychain management. Vizion’s remarkable success led to Series A funding in summer 2022, and its API is now utilized by companies worldwide.
Subscribe to SupplyChain Game Changer. With supplychain disruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles. With supplychain disruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles.
The majority of positions are for in-store workers while others roles are for the company’s supply-chain facilities. In past years, USPS has hiked its fees from roughly October to January during the annual surge, including increases in 2022, 2021, and 2020.
Very positively, these topics have not only been discussed at COP26 but multiple initiatives were launched with some of them having the potential to significantly contribute to decarbonizing the global supplychain network. came from trucks carrying cargo. Most of this, 45.1 Roughly half of .
According to SupplyChain Dive , The Port of Long Beach achieved a record-breaking June by processing 842,446 TEUs, marking a 41% year-over-year increase. This surge, attributed to high consumer demand, potential tariff hikes, and labor contract concerns for East and Gulf Coast ports, surpassed the previous record set in June 2022.
I suspect that business executives connected to large and complex supplychains can’t wait for universal quantum computers to be developed. More than 10 billion tons of cargo are carried over the waves every year. 8] Yuval Boger, “ Could Quantum Computing Solve the SupplyChain Crisis?
When moving cargo, can shipments be consolidated more? As you make plans for 2022, I urge you to consider if you can be the catalyst in your organization to propose solutions that are green and sustainable. LogiSYM SupplyChain Magazine – September 2021. Using Technology to build Sustainable SupplyChains.
Since early 2020, global trade has been buffeted by waves of increased customer demand, supplychain challenges, and constant uncertainty and volatility. It also provides four key insights into how importers and exporters can modify their supplychain planning as a result. What Goes Up, Must Come Down.
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