Logistics Bureau

OCTOBER 24, 2022

Since we promised to update you regularly, we’ve collated some of the latest stories from the world of freight shipping, warehousing, logistics services, and supply chain technology, so that you can keep your finger on the pulse of the fast-changing logistics landscape. How retailers are reevaluating post-pandemic inventory strategies.

Supply Chain Planning Software 52

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Logistics Viewpoints

AUGUST 14, 2023

In April of 2022, British American Tobacco, headquartered in the UK, agreed to pay $508 million in fines for selling their products to North Korea. Companies who have experienced these delays often add inventory across their network to buffer the risk. Treasury Department. This adversely affects a company’s cash flow.

Global 176

Global Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 176

GlobalTranz

SEPTEMBER 23, 2021

High freight volumes across all industries in the trucking market are expected to continue into 2022.? The added strain on resources is on track to force high freight volumes to continue well into the next year. Download the White Paper: Over the Road Freight Management Trends. Carrier Vetting for OTR Freight.

Prescriptive Analytics Software 308

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Intelligent Audit

JANUARY 10, 2023

During what is typically peak season in customer demand, what we’re seeing instead is reduced shipping demand and declining freight rates. The year 2022 saw the challenge of retailers having overstocked inventory created by inventory gluts from COVID demand changing. which was expected for 2022’s peak season.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Real-time Visibility 52

BlueYonder

OCTOBER 1, 2022

Sensing and predicting disruptions as early as possible will allow organizations to develop proactive risk mitigation strategies and lower premium freight. The post 5 Key Insights From the 2022 Automotive Logistics and Supply Chain Conference appeared first on Supply Chain Nation. This has a substantial impact on their EBITDA margins.

Automotive 52

Automotive Cost Reduction Strategies Inventory Reduction Material Savings 52

Intelligent Audit

NOVEMBER 22, 2022

Recent inventory corrections have caused carrier volumes to stagnate, frustrating carriers and highlighting hopes for volume normaliza t ion in 2023. As Niall van de Wouw, Chief Air Freight Officer at Xeneta, told Supply Chain Dive, “We are six weeks away from Christmas, and there is no indication there will be a peak.”. Roughly 2.5%

Turkey 52

Turkey Supply Chain Design Software Optimal Sourcing Price Reduction 52

Intelligent Audit

DECEMBER 13, 2021

ports will continue well into 2022. General rate increases are expected to be higher than in the past as shippers and carriers attempt to balance costs and expenses during ongoing recovery as we saw just last week with Central Freight Lines going bankrupt after 96 years and laying off over 2,100 employees.

Shipping 52

Shipping Cost Reduction Strategies Modeling Supply Chain Planning Software 52

Intelligent Audit

MAY 26, 2022

In an industry that has become so essential and dominant, it would make sense to assume all carriers and truckers follow a shipping freight costs standard for bill payment. However, there is no all-encompassing standard; freight costs can vary significantly based on several factors. What Affects Shipping Freight Costs ?

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Supply Chain Software 52

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. Inventory and Material Management Is Also Presenting New Challenges for the ? Retail Value Chain.

Optimal Sourcing 52

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Logistics Viewpoints

AUGUST 19, 2022

billion in inventory that “if we could just wave a magic wand, we’d make it go away today,” said chief financial officer John David Rainey. Walmart estimates that inventory is still 15 percent above optimal levels. Clearing the inventory will still take a couple of quarters. Walmart has about $1.5

Logistics Network Optimization Software 198

Logistics Network Optimization Software Supply Chain Planning Software Inventory Reduction Cost Reduction Strategies 198

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.

Inventory Reduction 62

Inventory Reduction Retail Cost Reduction Strategies Resource Reduction 62

Supply Chain Matters

JUNE 1, 2023

CEO Jeff McCandless indicated to Freightways that whereas in prior months high-flying logistics and freight start-ups could secure millions of equity funding very readily, private equity investors have now shifted from a focus on growth at all costs to one of a demonstrable path to profitability and scalable growth.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Supply Chain Software Chicago 52

Intelligent Audit

FEBRUARY 3, 2022

In freight auditing, freight audit advisors work with freight shippers to ensure that all charges are accurate and to prevent wasting money. With the volatility of 2021 still in mind and uncertainty heading into 2022, the whole industry feels a bit apprehensive. What Freight Auditing Is and Why It’s Important.

Freight 52

Freight Material Savings Resource Reduction Cost Reduction Strategies 52

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business and Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Enterra Insights

FEBRUARY 28, 2022

If retailers didn’t have enough to worry about with the pandemic, inventory issues, and labor shortages, a new type of organized crime has been added to their plate. Thieves had broken into the train cars and made off with items shipped by Dr. Martens, Harbor Freight Tools, and small businesses alike. Retail Smash-and-Grab.

Los Angeles 130

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The Logistics & Supply Chain Management Society

MARCH 16, 2021

We are struggling to meet the day-to-day requirements of employee safety, product security, brand protection, people retention and generate enough cash flow to survive and retain our customer bases. It is expected to drag into 2022 for the path to recovery for many industries. Escalating freight rates and severe capacity crunch.

Pharmaceutical 246

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

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

Price Reduction Cost Reduction Strategies Inventory Reduction Sourcing Strategies 98

ModusLink Corporation

FEBRUARY 8, 2023

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. Various compliance requirements, security protocols, and inventory systems need to remain compliant. Inquiring about their compliance and security measures.

Negotiating Skills 78

Negotiating Skills Material Savings 3PL Cost Reduction Strategies 78

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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Supply Chain Matters

OCTOBER 19, 2023

The online retail platform provider not only managed to take maximum advantage of the explosion of online retail market growth as an offshoot of a global wide pandemic during 2022, but also reformulate its hub and spoke oriented inventory deployment and customer fulfillment network. This prediction was as early as 2019.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Expense Reduction Inventory Reduction Cost Reduction Strategies 52

Supply Chain Matters

OCTOBER 10, 2023

This start-up was founded by Matt McKinney and Shaosu Liu, both of whom had backgrounds at Uber Freight and decided to tackle the massive problem of building a new structure for the legacy freight payment system that supports the global supply chain. The technology start-up secured $30 million in Series A funding in 2022.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Prescriptive Analytics Software 52

BlueYonder

FEBRUARY 17, 2022

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. Resource optimization : optimizing everything from labor, facilities, equipment, and inventory to win.

Supply Chain Planning Software 70

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Supply Chain Game Changer

OCTOBER 10, 2022

The second is securing financing to cover all the expenses associated with the coursework. Likewise, any military service looks great on a resume, particularly if it’s related to in-service duties in inventory management or dispatching. Consider taking a class or two in IT security and another in programming languages.

Education 96

Education Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 96

EazyStock

JANUARY 6, 2023

The averted US rail strike in December 2022 would have been catastrophic for US residents and the wider supply chain. Getting the basics right Improving forecast accuracy Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 52

EazyStock

JANUARY 6, 2023

The averted US rail strike in December 2022 would have been catastrophic for US residents and the wider supply chain. Accurate demand forecasts can help you stay on top of inventory and improve strategic planning for different risk scenarios. ABC/XYZ analysis can help identify the most valuable items to your business. Supplier ranking.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 52

Logistics Viewpoints

OCTOBER 29, 2021

The company said it has invested more in inventory planning and partnerships with suppliers so it has enough goods on hand while making sure it can route items to where they’re urgently needed. Considering the surge in e-commerce, and the company’s plans to increase rates, 2022 could be even better.

Logistics Network Optimization Software 191

Logistics Network Optimization Software Supply Chain Planning Software Logistics Supply Chain Design Software 191

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

SCMDOJO

APRIL 15, 2024

With a wide array of products stored in its fulfillment centers, Amazon can consolidate orders and optimize its inventory management systems. To overcome this, Amazon has developed sophisticated inventory management systems that allow them to efficiently store and retrieve products from their fulfillment centers.

Logistics Network Optimization Software 79

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 79

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.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Supply Chain Software Cost Reduction Strategies 52

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

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software 52

ToolsGroup

JANUARY 6, 2022

Predicting demand was never easy (with or without an astrologer), and, looking ahead, the challenges of global supply chain disruptions continue in 2022. Here are the top five lessons learned from 2021’s supply chain challenges, with tips you can apply to uncover success in 2022. Get the Free Playbook ?.

Supply Chain Planning Software 290

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The Logistics & Supply Chain Management Society

MAY 28, 2022

It is prime time for visibility / inventory management tools and outsourcing. For instance, Maersk and CMA CGM are building end-to-end logistics capability chains, while over USD 6bn was invested by VC investors in freight marketplaces alone through 2019. LogiSYM Supply Chain Magazine – May 2022. MORE FROM THIS EDITION.

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

ToolsGroup

APRIL 1, 2022

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Learn more on how to overcome today’s supply chain challenges by securing the free guide, 8 Winning Strategies to Combat Supply Shortages.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

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

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. So acute is the shortage of warehouse space that some companies are not merely stockpiling inventory.

Agile and Lean Supply Chain 86

Agile and Lean Supply Chain Ukraine Supply Chain Strategy Supply Chain Design Software 86