This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Background Evidence In September 2023, Bloomberg Intelligence indicated that trade historians would “ cite September 2022 as the high-water mark for 21st century globalism.” That was when rising inflation and higher interest rates subdued demand for cheaper imported goods.
The separately reported S&P Global PMI Commodity Price & Supply Indicators March report was headlined with manufacturers signaling the strongest price pressures since September 2022. Strong demand prompted firms to tap into their inventories causing the fastest drop in finished goods stocks in over three years. for March, a 1.3
A further ongoing development has been the Trump Administration’s threatening of added industry specific tariffs directed at pharmaceutical makers in order to encourage drug producers to produce such popular drugs within the UnitedStates. production capabilities. All rights reserved.
Continuous updating digital twins that bring visibility into real-world operations, spanning shipments, orders, inventory, and assets to curate content. Its three powerful assets offer: A comprehensive network for real-time supply chain data, which tracks over 3.2 million carriers and 98% of the ocean’s traffic.
Mexico has unique, strategic advantages under the UnitedStates-Mexico-Canada Agreement (USMCA) and a favorable trade environment, “This positions Mexico as a reliable alternative for companies seeking to reduce exposure to trade friction and long lead times from overseas markets,” the report’s authors said.
Several European auto supplier plants and production lines have already been shut down, according to Europe’s auto supplier association CLEPA, with the group warning of more outages as inventories deplete. They track inventory, run backup supplier trials, and use software to map supply chain dependencies.
Inflation Inflation can have ripple effects on the cost of fuel, equipment, labor, insurance, and inventory storage. in June 2022. trillion worth of goods to the UnitedStates last year. Read on for the latest updates in the CPG/retail freight market: tariffs, dockworker strikes, inflation, blitz weeks, and more.
President Donald Trump said he is considering 50% tariffs on imports from Brazil over the country’s prosecution of its former president, Jair Bolsonaro Trump accused the Brazilian government of conducting a “witch-hunt” against Bolsonaro, who is under investigation for allegedly attempting to overturn his 2022 election defeat.
So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2022 and see what our readers found to be the most interesting. So, let’s take a look now at the 15 most popular logistics stories of 2022. 2022 Supply Chain Predictions ; Chris Cunnane, Steve Banker, and Clint Reiser.
When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase year-over-year. Get Good at Inventory Management. Push past cursory analysis of safety stock and embrace the concepts of form and function of inventory. Be A Good Shipper.
Continued Strong Growth in Subscription Fees Fuels Revenue Growth of 21% in Q4 and Record Revenue in Fiscal 2022. ATLANTA (June 8, 2022) American Software, Inc. NASDAQ: AMSWA) today reported preliminary financial results for the fourth quarter and fiscal year 2022. million for the quarter ended April 30, 2022 compared to $38.3
Japan farm exports in 2022 1st half hit record high as more dine out. will begin imposing 2022 peak-season surcharges on Labor Day and will apply certain ones based on weekly calculations that begin around mid-October and run until early December. In June 2022, Americans spent $2.5 And now on to this week’s logistics news.
WFS is a third-party marketplace for sellers initially rolled out in 2020 to boost revenue through existing e-commerce infrastructure, which has since added an inventory-focused offering to the platform. The FLOW initiative was first launched in 2022 as a response to disruptions brought on by the pandemic. Cargo imported into the U.S.
Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Cotton production in India could dip 4% from 2021, down to 34 million bales in the 2021/2022 marketing year. Material Handling & Logistics ).
This new system of inventory management will go into effect on March 1, and will replace weekly restock limits that Amazon used for calculating FBA storage. Directors at Amazon agencies and accelerators said that these new changes will help sellers forecast inventory better. Household items were the most stolen commodity in 2022.
The Retail Trends Shaping How We Shop in 2022. As cited in Placer Lab’s Report on the Top 10 Retail Brands to Watch in 2022 , these smaller stores (down to 32,000 sq. With both digital and physical shopping important retail trends for 2022, a seamless omnichannel experience sits at the heart of retail transactions.
The irony of excess inventory. Reporters from Bloomberg explain, “A nationwide inventory glut has led to unexpected bargains for U.S. ”[6] According Stokel-Walker, Bloomberg reports, “The biggest retailers in the UnitedStates have nearly $45 billion in excess stock.” ” Optimizing inventory.
Attabotics is based in Calgary, Alberta, Canada with fulfillment centers across the UnitedStates and Canada. Increasingly consumers expect same-day, and next-day delivery, which means inventory must be located close to consumers who typically live in urban and suburban neighborhoods. Home Delivery World 2022. Attabotics.
Using shop-by-store features to check inventory availability before going to make purchases in-store. 2022’s Top Omnichannel Retail Trends. 2022’s Top Omnichannel Retail Trends. Omnichannel is king in 2022. . Inventory Visibility. Researching products in-store then buying online.
Last year consumers in the UnitedStates spent an estimated three billion U.S. When you boil it down, a product’s shelf life is very short and if you don’t sell it, that inventory will be discounted shrinking already razor thin margins. Nestle Warns Of Halloween Supply Issues ,” Marketing Daily, 29 July 2022. [3]
Michael Jacobs, Senior Vice President of Supply Chain at Ferguson PLC In 2022, I wrote an article called The Best Supply Chain Company You Have Never Heard Of. We have 10 regional distribution centers in the UnitedStates and we have one in Canada. The first MDC opened in Denver during 2022.”
Ship operators and brokers say that at the start of 2022, there were around 50.5 The UnitedStates is also challenging Canada’s failure to fully allocate its annual dairy TRQs; Canada is instead parceling out a few months’ quota at a time. million available containers, eight million more than before the pandemic. s CargoNet.
One solution to this problem is centralized distribution and real-time inventory management. Bill Heaney is responsible for all commercial strategy and activities in the UnitedStates, which is made up of over 7,000 employees located throughout 39 forwarding locations and 55 logistics centers. Supply Chain 4.0
ATLANTA (February 23, 2022) American Software, Inc. NASDAQ: AMSWA) today reported preliminary financial results for the third quarter of fiscal year 2022. million for the quarter ended January 31, 2022, a 45% increase compared to $7.5 million for the quarter ended January 31, 2022 compared to $31.6 million compared to $0.5
When the ball drops on Times Square to welcome in 2022, the employees at the Port of Long Beach will celebrate moving 9 M TEUs in imports: a 26% increase in year-over-year volume. Get Good at Inventory Management. Push past cursory analysis of safety stock and embrace the concepts of form and function of inventory. The reason?
These shortages have continued into 2022, and recent global developments added another layer of uncertainty to planning for business continuity. . Russia’s war against Ukraine has created trade restrictions both ways as Russia bans the export of more than 200 products and the UnitedStates restricts Russian imports.
The July 2022 J.P. Also highlighted was that purchasing activity, stocks of purchases and finished goods inventories collectively rose in July. UnitedStates. Indices reflecting manufacturing across the UnitedStates reflected lower momentum as well. Global Wide Production Activity. The July value of 52.8
The Ferrari Consulting and Research Group via its affiliated Supply Chain Matters blog shares a mid-year assessment of previously published 2022 predictions for industry supply chains published at the beginning of 2022. economy in 2022 have been ratcheted down to just over 2 percent. Economic Outlook Significantly Changed.
Chile has long been a hub of second-hand and unsold clothing, made in China or Bangladesh and passing through Europe, Asia or the UnitedStates before arriving in Chile, where it is resold around Latin America. One big step UPS took toward that goal was its acquisition of Bomi Group in November 2022. UPS will add 2.3
NASDAQ: AMSWA) today reported preliminary financial results for the first quarter of fiscal year 2022. During the first quarter of fiscal year 2022, the Company paid shareholder dividends of approximately $3.6 Key first quarter of fiscal year 2022 highlights: Customers & Channels. million compared to $0.8 Logility, Inc.
As we turn the page on 2022 , I’d like to make five supply chain predictions about what to expect for 2023. A week after severe winter weather wreaked havoc on holiday air travel across the UnitedStates, other major carriers were back up and running. In January of 2022, Dallas-based o9 Solutions was valued at $2.7
NASDAQ: AMSWA) today reported preliminary financial results for the second quarter of fiscal year 2022. Key Fiscal 2022 Year to Date Financial Highlights: Subscription fees were $20.1 During the second quarter of fiscal year 2022, the Company paid shareholder dividends of approximately $3.7 million compared to $0.5
based supplier of fashion blanks transforms its demand and inventory management with Logility. ATLANTA – April 26, 2022 – Logility, Inc., Next Level Apparel knew that to grow, it had to transition to digital demand and inventory management. About Next Level Apparel.
So, at least in the UnitedStates, with roughly half of those consumer goods being imported, ocean logistics costs had a significant impact on inflation. the Fed’s 2% per annum target, with the rate of inflation nearly doubling from September 2021 to June 2022 following the freight rate peak. of a percentage point of the 6.2%
Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” As per a recent report by CNBC , the labor department in the UnitedStates has 5.5
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. There can be big fines for noncompliance with trade regulations.
Thinking in terms of their demand curve, most retailers were trying to maximize customer satisfaction – ensuring customers to get the item they want when they want it – while facing a shortfall of actual inventory. An increase in consumer’s disposable income offers opportunity for 2022. The entire month of November.
We answer all these questions and more – including how inventory management software will help you manage your supply chain for your freeport warehouse or factory. In this 2022 guide to freeports: What is a freeport? This helps to improve cash flow cycles and facilitate just-in-time inventory control.
ATLANTA (August 24, 2022) American Software, Inc. million for the quarter ended July 31, 2022, a 23% increase compared to $9.8 million for the quarter ended July 31, 2022, a 23% increase compared to $9.8 Total revenues for the quarter ended July 31, 2022 increased 7% to $31.3 million compared to $0.5 million or $0.06
ATLANTA – August 18, 2022 – Logility, Inc., WEG chose Logility’s sophisticated demand planning tool to support inventory replenishment on its distribution business in the UnitedStates. A leader in electrical technologies chooses the Logility ® Digital Supply Chain Platform.
And even when businesses paid the heavy price, congestion – sometimes up to 100 vessels waiting to unload outside of ports in the UnitedStates – resulted in door to door shipping times that grew from 50 days to nearly 100. . By the time they peaked in June 2022, they were over 30% higher than pre-COVID.
NOAA’s outlook for the 2022 Atlantic hurricane season, which extends from June 1 to November 30, predicts a 65% chance of an above-normal season, a 25% chance of a near-normal season and a 10% chance of a below-normal season. 10] When it comes to moving inventory into disaster-prone areas, historical data can help. Denial of risk.”[6]
Nearly two-thirds (64%) say they are moving from a ‘just in time’ supply chain to a ‘just in case’ supply chain by increasing the amount of inventory they store. More than 60% of respondents said they think the UnitedStates should adopt the same approach to overcome potential supply chain crises.
The Supply Chain Matters blog highlights February global manufacturing and supply chain indices and challenges relative to product demand and supply network imbalance levels in the first quarter of 2022. Indices reflecting manufacturing across the UnitedStates were generally positive. Federal Bank of New York.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content