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Just last year many were chartering their own cargo ships to get all these goods to their destinations.) While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. All aboard.
By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. During the COVID-19 pandemic, companies became much more agile in action and thinking, Petro observes. And that’s a great skill set to have.
Building a resilient supply chain isn't just a best practice anymore — it's a business imperative. But with that affordability comes a tradeoff: more frequent handling, longer transit times and an increased risk of damage. But that speed comes at a cost — and not just financially. Tariff swings.
In some sort or another, Punxsutawney Phil has been predicting the weather since 1890, and let’s just say that his record is iffy at best. ” I assume that Phil tries to ignore the pomp and circumstance of how his shadow would determine the upcoming weather pattern, and just wants more sleep (like the rest of us on a cold winter’s day).
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. As ports become more congested, lead time variability increases. As I rolled holiday cookies in my hands, I watched TV. As I watched, I shook my head. I am worried.
A lot of people overuse the term, just to say ‘I made something better,’” says Jerry Yurchisin, senior data science strategist with Gurobi , provider of a prescriptive analytics software platform built on decision intelligence technology. Bowman, SupplyChainBrain Supply chains consist of imperfect humans struggling to make perfect decisions.
More than just a Box! A trucking entrepreneur, Malcolm McLean recognized the inefficiencies of traditional cargo handling methods and saw an opportunity for innovation. By standardizing container sizes, typically 20 or 40 feet in length, he introduced a level of uniformity that revolutionized cargo handling.
SPECIAL REPORT AI: Real or Hype? Image: iStock/koto_feja July 9, 2025 Sponsored by DELMIA No other technology in recent history has received as much attention as artificial intelligence. Image: iStock/koto_feja July 9, 2025 Sponsored by DELMIA No other technology in recent history has received as much attention as artificial intelligence.
The pandemic halted many supply chains last year, closing factories and stores, and limiting manufacturing and distribution operations. Construction of manufacturing plants and new warehouse sites were also postponed or canceled entirely due to market uncertainty. Many workers decided to retire, re-locate, or consider new professions.
Management practices such as lean manufacturing and just-in-timeinventory management, along with globalization, have made tremendous impact on cost and service, but have accentuated risk. Metrics such as lead-times, forecast accuracy, inventory levels, and service are used to measure operational risks.
This is my favorite time of year. The mornings are cool and crisp, and the afternoons warm up, which makes spending time out side that much more enjoyable. Sacked 555 times in his career, Brady surpassed Ben Roethlisberger, who was sacked 554 times during his 18-year career with the Steelers. over the next seven years.
While lean manufacturing and just-in-time were game-changing concepts when they were introduced, agility and resilience must be taken to an entirely new level post pandemic. Natural disasters. Geopolitical events. Tariffs and trade regulations. The rise of ecommerce. The growing influence of social media.
He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Operational innovations like the invention of containers led to the huge growth in global value chains, and today 95% of manufactured goods move on ships.
Drennan struggled to obtain a driver’s license from the Railroad Commission in charge of regulating motor-freight at the time, allegedly because of her hearing loss, though Drennan believed it to be related to her gender. As a young woman, she started the Drennan Truck Line with her husband in 1928. And now on to this week’s logistics news.
And just what are consumers spending their money on? Amazon Air’s network is starting to look more like the hub-centric models of air cargo giants FedEx and UPS. Patrick’s Day, up from 54 percent in 2022 and the highest in the history of the survey. Consumers plan to spend a total of $6.9 per person. Patrick’s Day weekend.
The unprecedented cargo logjams off the southern California coast wreaking havoc on supply chains show no signs of waning. Just two days before Thanksgiving, FreightWaves reported an “all-time-high 93 ships” were waiting there. Requirements to manage carrier invoices and other transactions grow in stride. They face higher costs.
Image: iStock/JuSun June 18, 2025 Helen Atkinson, Managing Editor “The future is already here; it’s just not evenly distributed,” wrote William Gibson in his 1984 novel Neuromancer. SCB Feature Report From DPW: What’s Next for AI in Supply Chain? That’s because supply chain itself is huge, Koganti argued. trillion to U.S.
These firms facilitate the movement of parts and materials from suppliers to manufacturers and finished products from manufacturers to distributors and retailers. Vendor Managed Inventory. Robert earned a Bachelor’s degree in Economics from Florida International University. About Lean Staffing Solutions. Small Package.
The fact that most manufacturers struggled to achieve supply chain agility during COVID is not news. Molex has more than 80 manufacturing facilities around the world supported by an 18,000 strong supplier eco-system that provide raw materials, electronic components, and services. It is part of Koch Industries. The Molex Supply Chain.
But now, scientists are saying that the fountain of youth could be a reality, but just in a very different form. The company disclosed the total of single-use plastic across global operations for the first time in 2022 after investors sought more details on plans to reduce waste. percent decrease from 2021.
That includes everything from raw materials and manufacturing to packaging and logistics. For most CPG brands, indirect emissions — those that occur across the supply chain — represent the majority of their carbon footprint. Known as Scope 3 emissions, these are also the most difficult to measure and manage. Retailers are following suit.
The recent port strike, the closed shipping lane that forced a shift to air transport, the bridge that blocked a port, even the grid brownout that slowed manufacturing, might have seemed like random disruptions. Who manufactured the switchboard that powers your grid? Your supply chain is already directly in the line of fire.
By 2020, the value of B2B e-commerce will surpass $1 trillion, and manufacturers, distributors, retailers, reverse logistics managers, third-party freight brokers and logistics services providers are working to keep up with the trend. Better forecasting for inventory management and logistics demand through analytics, preventing backorders.
Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. Statistics covered in the article include: How the Supply Chain Crisis is Impacting Businesses and Consumers. Covid-19’s Impact on the Supply Chain Crisis.
Vehicles are sidelined, drivers grow frustrated, and delivery times slip. Still, it can be just as disruptive to supply chain performance. What Happens When Fleet Leadership Is Unstable Losing a fleet manager isn’t just an HR issue. Preventive maintenance derails, compliance filings are missed, and work orders begin piling up.
Just be prepared for anything and keep going. As operators struggle to build agility and scale while they manage costs, the use case for person-to-goods (P2G) robotics is more compelling than ever. Each requires specialized expertise, careful planning and targeted investment.
Understanding Supply Chain Risks Economic downturns act as stress tests for supply chains, exposing vulnerabilities that may have gone unnoticed during stable times. Businesses may struggle to balance inventory, increasing the likelihood of either overstocking, tying up valuable capital and incurring storage costs, or understocking.
In a statement to CBC News , a DHL Express spokesperson said that the company had proposed a 15% salary increase over five years, but "there was simply not enough progress" in talks to indicate that the two sides would come to an agreement in time.
At the same time opening opportunities for driving positive transformational change, stimulating economic growth and building competitive advantage for businesses. In an unpredictable and volatile environment, access to accurate, real-time data is the key to adaptation. million and US$100 million respectively.
Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks.
He just didn’t know which functions were actually considered logistics. These firms facilitate the movement of parts and materials from suppliers to manufacturers, and finished products from manufacturers to distributors and retailers. Just-in-Time (JIT). Vendor Managed Inventory. What are the 3PL Services?
While such a move isn’t likely at this point, “we can’t take for granted just how concentrated some of these production and supply chains are,” Taylor said in an interview. “We The latest escalation of violence between Israel and Iran had raised fears over a possible closure of the Strait of Hormuz, a critical export channel.
It’s hard to believe that Halloween is just five weeks away. And as consumers are beginning to think about their Halloween plans, retailers and manufacturers are looking much farther ahead to the holiday season. A number of companies are looking to woo consumers with low-end devices priced for challenging times.
As a result of COVID, this year has seen the “normal peak” shift by at least two months (as demonstrated in the graph below) due to numerous delays in getting raw materials, production taking time to ramp back up, a lack of containers at origin, and lack of space to put them at their destination. . Image source: Bloomberg.
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. Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). I am worried.
Shining a light in the world of visibility, asset management and inventory tracking, is that of radio frequency identification (RFID). Beyond traditional barcode identification, RFID is removing the hurdle of working with poor (or lack of) real-time data – accelerating the supply chain and reducing costs. Loss to manufacturers = $7.5
Air cargo firms feel the pressure from plunge in freight prices (Reuters). Global trade volumes fell for the first time since 2009 by 1.7 Global trade volumes fell for the first time since 2009 by 1.7 Heavy-Duty Truck Orders Fall to Lowest Since 2010 (WSJ – sub. Sucking robot arm wins Amazon Picking Challenge (BBC).
On the horizontal carrier integration front, Maersk has doubled down on its extension from ocean consolidation (Hamburg Sud, 2017) to air cargo, increasing Maersk Air by 33% with three leased cargo planes and two new Boeing purchases. More on Maersk’s transition to an end-to-end provider can be found in this 2020 report.
In an era where margins are already razor-thin and uncertainty is the new norm, the ripple effects of delayed payments can be just as devastating as a dockworker strike or a port closure. Each tier, from raw-material providers to logistics firms, relies on predictable, timely cash flow. Supply chains don’t operate in silos.
Borrowing a quote from CBC : “If we can move the cargo out of Halifax in a timely manner, we don’t get into this situation. Any time spent simulating a new plan is potentially time not spent moving cargo. With that in mind, are you prepared to respond to the risk in your supply chain?
Better long-term planning, supply planning, and just-in-time logistics are essential to address beverage industry supply chain challenges. Data is the foundation of a successful supply chain now and will become even more valuable over time as companies lean on their decision support platforms with predictive and prescriptive analytics.
In the past, supply chain professionals are trained to handle the service issues through a planning of inventory , service level and after-sales operations. In general, it focuses on supply chain management of non-manufacturing companies such as those in the logistics and distribution, consulting and hospitality industries.
For most consumers, it was a disorienting and anxious time. But for businesses of just about every type, the disruptive impact of the epidemic was something more ominous: It presented an existential threat to their survival. At the same time, however, there was a glimmer of good news. A retailer will have empty shelves.
These firms facilitate the movement of parts and materials from suppliers to manufacturers, and finished products from manufacturers to distributors and retailers.”. Prior to joining Ruan, Marty gained valuable experience working at other carriers and at large shippers. About Ruan Transportation.
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