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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.
More Resources Home November 21, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. In air cargo, Freightos Air Index data show China – N.
More Resources Home September 26, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Freightos Air Index data show Asia – N.
More Resources Home September 13, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America Freightos Air Index rates to $4.78/kg
Blog " * " indicates required fields Email * More Resources Home September 6, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
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.
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.
In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supplychain operations, will increase their revenue by 20 percent in 2025. For reasons of climate change and profitability rewards, maintaining a more sustainable approach to the supplychain is obvious.
SCB Feature Report From DPW: What’s Next for AI in SupplyChain? That’s because the promise of artificial intelligence for supplychain operations is huge. It could do more to accelerate the journey of supplychain operations from the backroom to the boardroom than any other change. trillion to U.S.
Route planning and optimization One of the main aspects of cargo transportation management is route planning and optimization. Companies can also use software to optimize routes and automatically calculate the most efficient routes. Originally written for SupplyChain Game Changer and published on April 24, 2023.
A wave of chaos followed that turned the supplychain upside down, forcing it to adapt, transform, and learn at an accelerated pace. 3 long term changes to the supplychain 1. McKinsey research shows that 73% of companies are now pursuing dual-sourcing , and 60% are regionalizing their supplychains.
The National Transportation Safety Board has recommended the installation of such technologies in all new passenger vehicles. and Israeli startups focused on logistics, the supplychain and customer fulfillment. and Israeli startups focused on logistics, the supplychain and customer fulfillment.
More Resources Home October 4, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 4, 2023 Unbox your Freight knowledge.
General Motors drives sustainability across supplychain FMCSA approves 25% fee increase for carriers, brokers U.S. General Motors drives sustainability across supplychain FMCSA approves 25% fee increase for carriers, brokers U.S. And now on to this week’s logistics news. considers threats to national security.
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.
More Resources Home September 20, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.
export regulations led to supplychain disruptions. technology from helping China’s military. technology from helping China’s military. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. percent, or $24.5 billion worth, the survey found.
More Resources Home October 25, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 25, 2023 Unbox your Freight knowledge.
Postal Service (USPS) transitioned its primary air cargo contract from FedEx to UPS effective September 30, 2024. Rethinking supplychains is a reader-supported publication. Before the new contract, FedEx carried over 984 million pounds of air mail (71% of total air volume) from October 1, 2023, through September 30, 2024.
More Resources Home October 17, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 17, 2023 Unbox your Freight knowledge.
Supplychainsoftware is a game-changing tool that offers immense opportunities for growth and success in the transportation services market. Nevertheless, the supplychain industry faces various challenges that can be effectively addressed through the utilization of high-performing software solutions.
aims to block from obtaining American high technology. The company plans to invest $140 million in the initiative in 2023 as it implements the technology at its 940 remaining U.S. Last year’s negotiations took place as dozens of container ships were backed up off the coast of California waiting to unload cargo.
More Resources Home October 31, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 31, 2023 Unbox your Freight knowledge.
More Resources Home October 11, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 11, 2023 Unbox your Freight knowledge.
In this instalment of the series of articles written by the LSCMS Shippers Council, we strive to answer this and delve into the critical aspects of ocean transit time reliability and visibility within the supplychain. What is supplychain visibility and why it is important? 2022 ocean schedule reliability dropped to 30%.
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.
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.
Each had various types of fleets paired with a complex multi layered internal supplychain, requiring telematics and machine learning to improve efficiency. The company operates in environments where noise and hazardous materials pose constant risks, including handling hazardous materials or high-value cargo.
Blue Yonder , a leading supplychain solutions provider, announced its acquisition of flexis AG, a flexible, innovative softwaretechnology provider specializing in production optimization and transportation planning and execution. Delta Cargo , a unit of Delta Air Lines Inc., Bank Freight Payment Index.
in push for freight decarbonization China e-commerce exports, unreliable Red Sea shipping boost air cargo Sephora is expanding its take-back and refillables programs Amazon announced that it delivered to Prime subscribers at its “fastest speed ever” in its quarterly earnings on Tuesday.
Responding to the 2023 IMO GHG Strategy by Wolfgang Lehmacher, Mikael Lind and Robert Ward Illustration: Sandra Haraldson, RISE 7 July 2023 marked a historic day for the shipping sector when the International Maritime Organization (IMO) adopted its 2023 IMO Strategy on Reduction of GHG Emissions from Ships (2023 Strategy).
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.
Walmart steps up automated store distribution. Cyberattack on Toyota’s supplychain shuts 14 Japanese factories. E2open acquires Logistyx Technologies. Xerox addresses $300m backlog due to supply shortages. Ukraine in the news: War in Ukraine disrupts ships around the globe. US goods trade deficit hits record high.
billion ‘Green Gateway’ rail expansion The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S. The new issue for the global supplychain comes amid a rise in global demand, with shipments up 13% year-over-year in June. billion from $9.4
More Resources Home Innovative Synergies: Logistics Tech Lessons from Other Industries Judah Levine May 23, 2024 Though the logistics and supplychain industry has made and continues to make a lot of progress in its digital transformation, it has a reputation for being part of the late majority or even a laggard in terms of digitalization.
From upgrading counterfeit detection technology to destroying merchandise and raiding factories, Amazon says it’s pulling out all the stops to prevent fakes on its platform. In this year’s report, Amazon touted the improvement of automated counterfeit removal, stating it cut down on brands’ need to monitor for fakes manually.
A 2023 survey by the International Trade Centre found that 73% of small and medium-sized enterprises identified regulatory compliance as a major barrier to international trade. For instance, new international laws aimed at reducing carbon emissions are forcing companies to adapt by investing in greener technologies.
Executives are plotting alternate supplychains or devising products that can be made elsewhere should China’s hundreds of thousands of factories become inaccessible. semiconductor company Micron Technology, citing national-security risks. manufacturers re-evaluating their reliance on China.
A few weeks ago I wrote that Little Brown Bakers, the manufacturer behind Girl Scout Cookies , is warning of unforeseen supply issues that will be impacting both manufacturing and distribution of its treats. FedEx now expects adjusted earnings per share for fiscal 2023 of between $14.60 And now on to this week’s logistics news.
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.
So as retailers, you should leverage cutting edge technology solutions to overcome this major roadblock. To get this right, you should have an efficient contract management tool to manage carriers better. Here’s what your last-mile delivery software should possess to build a wider and loyal customer base: 1. That’s a lot.
Kelly Moller felt at not being able to buy tickets to Swift’s 2023 concert in Minneapolis. Walmart recently established its latest high-tech consolidation center in Illinois, marking a significant addition to its supplychain infrastructure. declined 5% in the month compared to the same period in 2023. 3 with $42.7
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. Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S.
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