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Case-in-point: my company FourKites will collaborate with 16 other supply chain industry leaders — including BlueYonder, e2open, Oracle, Uber Freight, and JB Hunt, to name a few — as part of the Scheduling Standards Consortium (SSC). The returns on these kinds of efforts will be swift and tangible.
As freight carrier rates and fuel prices rise, and competition for customers heats up, their margins are shrinking. market at record rates during what experts are calling a freight recession. At the same time, Logistics Service Providers (LSPs) are also feeling pressure. Both carriers and LSPs are exiting the U.S.
Today’s most advanced networks feature real-time digital freight matching, autonomous carrier selection and continuous route optimization powered by data streams. The shift from fixed routing guides and contracted lanes to industry leading transportation systems represents a quantum leap in efficiency.
Problems with shipping documentation With nearshoring, cross-border shipping and international logistics heating up, documentation problems are a growing source of delays. It gathers data from across the supply chain, as well as external sources, to identify potential delay-causing events at the earliest opportunity.
Kimberly-Clark leveraged Blue Yonder Transportation Management to achieve significant freight cost reductions and operational efficiencies. Blue Yonder transportation management immediately began generating up to $14 million a year in freight cost reductions in North America compared to our previous manual methods.
Fourth-party logistics providers offer a single, expert source for managing end-to-end logistics for a range of customers. They’re taking care of the ocean freight, the air freight and the terrestrial freight — really managing product movements from the beginning of the journey to the end.”.
Can we get the supplies from an alternate source? Can we use premium freight? And then in the tactical short-term horizon, how they get better visibility so that if a shipment is delayed, the sooner they know, the more options they have to look at as alternate sources or to expedite freight. Can we expedite?
Recent studies have shown that transportation is the single largest source of greenhouse gas emissions in the United States. What If” Analysis: Many of the older transportation solutions planned freight by minimizing miles. In 2007, the U.S.
As an example, the Transportation Manager at Kimberly-Clark discussed the results their company has achieved with Blue Yonder: “Blue Yonder transportation management immediately began generating up to $14 million a year in freight cost reductions in North America compared to our previous manual methods.
Two top European shippers — Maersk and DSV — have warned that freight costs will likely remain high well into 2022, adding to the global supply chain chaos. The long-term effects could be devastating, including global food shortages and record levels of inflation, both in Europe and the United States.
Instead, companies need to leverage AI, ML and predictive analytics to autonomously capture and consider near real-time data from a range of internal and external sources, including change in weather conditions on game days, current team standings, and future match schedules. Soccer and supply chain are both team sports!!
where the various parts were sourced, what are they made of, etc.) As a result, they have reduced their spend on air freight, a costly remedy for shipping delays, by almost 90%. The importance of sustainable practices rose year-over-year in ALL segments, including investors, consumers, private equity, employees, etc.
For example, a network-modeling engine might physically move products closer to actual demand to reduce freight costs and CO 2 emissions, while also improving delivery speed. A load-building engine will figure out the best way to create fuller, more cost-effective truckloads.
One of the factors in that evaluation would also be the freight costs you incurred for that container and any additional costs if you are expediting another shipment. If you were to check the freight invoice, you probably paid four times the cost of the container as compared to last year! Chart Source: Freightwaves).
Many companies resorting to air shipments aren’t finding this an easier path as air freight is already capacity constrained. One CPG manufacturer said that in their experience, air freight can take up to 30 days with high costs. This will result in running additional shifts to mitigate.
Air and ocean freight carriers were reliant on these LSPs to provide them with a view of the market; in most cases they had no transparency into the shipper’s needs and thus were completely cordoned off from the true source of demand. But this is easier said than done.
She highlighted the trend of increasing ocean freight capacity, but she maintained that the capacity will not be enough. Sources: 1 Gartner, Magic Quadrant for Warehouse Management Systems, Simon Tunstall, Dwight Klappich, Rishabh Narang, 1 June 2022. In this environment, mergers and acquisitions will continue.
organizations are increasingly looking to redesign their network, reconfigure their global and regional supply chain flows, and source critical components from local suppliers as opposed to just purely relying on an offshoring-based model. Based on the disruptive events that we are seeing – from tariffs, NAFTA, Brexit, COVID-19, etc.
In this context, EY teams are helping the customers develop sustainable models — such as supporting diverse sourcing as a social and business imperative — to help drive supply chain resiliency as well as support ESG goals. Tell us about the solutions and content you’ll be showcasing at the conference this year.
Sources: 1 Gartner, Magic Quadrant for Transportation Management Systems, Bart De Muynck, Brock Johns, Oscar Sanchez Duran, Carly West, 30 March 2021. As a Leader for 10 times running in the Magic Quadrant for TMS, Blue Yonder is proud to once again be positioned as a Leader with the furthest position on the Completeness of Vision axis.
By identifying and monitoring actual, near real-time risks, companies can profitably adjust production plans, purchase orders, sourcing strategies, inventory movements, and shipments — delighting shareholders and gaining a significant edge over competitors who lack AI-enabled visibility and analysis capabilities.
Impact: This is resulting in procurement teams scrambling to find new supply sources, while engineers are looking for substitutions alternatives, and other company leaders are figuring out how to bring more in-house for a vertical integrated approach.
As the world’s supply chains grow larger and more complex, and face increasing disruptions, it only makes sense for companies to rely on a single source of expert guidance for storing, transporting and distributing their products worldwide.
single source of truth for all order transactions and provide visibility at each step of the order lifecycle to ensure order and fulfillment accuracy. This can be achieved through advanced routing optimization , freight capacity planning, load building, in-transit visibility and control, and constraint-based network modeling.
The increased cost of labor and freight , along with some capacity issues in both areas, continue to create risk exposure. This early-warning system scans and analyzes nearly 5 billion data feeds across 104 million sources in over 100 languages, including daily news, government regulatory reports, wire services, and social media.
According to the European Commission’s Mobility and Transport website, road transport alone is responsible for almost one-fifth of EU emissions and almost half of freight transport activities. Reduce your carbon footprint with technology.
This week: More brands are taking their sales pitch direct to consumers; HP is transforming supply and manufacturing using 3D technology; new Old Navy stores show retail is far from dying; a shortage of truck drivers is raising prices; and IBM is using blockchain tech to help fight unethical practices in sourcing jewelry and precious metals.
This week: More brands are taking their sales pitch direct to consumers; HP is transforming supply and manufacturing using 3D technology; new Old Navy stores show retail is far from dying; a shortage of truck drivers is raising prices; and IBM is using blockchain tech to help fight unethical practices in sourcing jewelry and precious metals.
The challenge for automotive manufacturers remains the same: They’re either drowning in surplus inventory that is no longer needed, or they have insufficient stock to meet current demand forcing them to pay high prices to source missing parts. Ford is an example of this, as its collaborated with U.S.
It would be wise to reconsider that idea because stockpiling is a short-term solution that can cause major headaches, including freight and warehousing bottlenecks as everyone else tries to do the same thing. It may be a better use of time to begin reconfiguring your supply chains to reduce the exposure to tariffs.
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