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
AI and machine learning provides more accurate information during the transportation planning process; using IoT to monitor shipments, cargo conditions, and yard management have allowed companies to make quick adjustments when disruptions occur; and mobile digital assistants provide feedback and instant visibility into shipments and inventory.
Cargo theft continues to be a problem, especially around the holidays. And I don’t just mean the winter holidays; cargo theft typically spikes during any holiday season where businesses may be closed for an extra day or two. But what exactly is cargo theft? Cargo theft comes in many shapes and sizes.
Importance of Digitalisation to Improve SupplyChains: Helping Businesses Navigate Through SupplyChainDisruptions. is adopted in more and more industries and companies, the supplychain industry is starting to implement these disruptive technologies to adapt to the ongoing challenges and obstacles.
The disruptions and the themes are similar along with added observations. Resilinc Study Supplychain risk management technology provider Resilinc released this week this providers findings of the top drivers of supplychaindisruptions for 2024. All rights reserved.
There is potential for oil and gas supply shortages to occur as well. But potential supplychaindisruptions go well beyond fossil fuels. However, I did see reports on the destruction of Ukraine’s Antonov An-225, the world’s largest cargo aircraft. I was unaware of Ukraine’s prominent air transport presence.
Global Trade Authority Rob Garrison, CEO and Co-Founder of Mercado Labs, shares insights from over 30 years of supplychain experience working with a variety of Fortune 500 companies. Here, he explains what caused current global supplychaindisruptions, and shares the five steps needed to overcome today’s supplychain issues.
Understanding where your supplychain is most exposed is the first step in building supplychain resiliency. Additionally, disruptions like driver shortages, congestion at terminals or regional weather events can ripple across LTL networks quickly.
Supplychaindisruptions are continuing to occur for a variety of reasons. One issue that does not get talked about as much, however, is supplychain fraud. When we think of fraud in the supplychains, often we think about organized cargo theft.
To mitigate the impact of ocean logistics disruptions, many businesses (42%) have shifted some of their goods to air cargo. Future Expectations and Market Outlook Despite the current challenges, most respondents (58%) do not expect the Red Sea disruptions to be as severe as those experienced during the pandemic.
export regulations led to supplychaindisruptions. The big three US airlines saw their cargo revenues decline last year as rates and volumes came under pressure. United Airlines – the largest of the three in terms of cargo volumes – registered a 31.1 Massachusetts-based Teradyne moved its production out after U.S.
And the current global supplychaindisruptions may be sticking around longer than we might think. A lack of railcars to move cargo from the ports is adding more delays. IndustryWeek conducted a survey of CEOs in October 2021 to identify supplychain pain points. As one headache is eased, another pops up.
So, there was supplychaindisruption. And there was no corresponding demand disruption. When there’s more demand than supply, prices go up, as we saw in previous months with record -high prices for ocean and air cargo moves. is the principal destination for many of these goods.
The 2021 supplychain shortage is the story of our lives today, as the enormous bullwhip effect of COVID continues. Much of the world is clamoring for finished products from their usual suppliers; but dwindling cargo space, skyrocketing transportation costs, and component delays make it difficult to keep shelves stocked.
and Israeli startups focused on logistics, the supplychain and customer fulfillment. Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. Several cargo vessels were struck by missiles or drones during the past week.
However, this article will focus on how a fractional CFO can manage supplychaindisruptions. How Can Fractional CFOs Solve SupplyChainDisruptions? A wide range of things causes supplychaindisruptions. An example of a transitional disruption is the recent Covid-19 pandemic.
The blockage of the Suez Canal by the Evergreen Line containership Ever Given sent a dire warning to global supplychains. As they outgrow transportation infrastructure, modern-day mega-vessels threaten to cause further disruptions to the flow of cargo.
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.
Starting with Miami, this port primarily handles containerized cargo with small amounts of breakbulk, vehicles and industrial equipment. Going up the coast in Jacksonville, FL, there is a huge port that receives the second-most automobiles in the US along with all types of cargo. In 2015, the Port of Savannah moved 8.2% of total U.S.
With supplychaindisruptions, low capacity, and skyrocketing fuel costs, manufacturers and shippers are facing monumental hurdles. Fortunately, strategic planning can help you deliver your land cargo on-time , despite the abundant labor shortages. Low Land Cargo Capacity. Solutions for On-Time Land Cargo Delivery.
The alarming rise in cargo theft across the United States is becoming a significant concern for businesses, logistics providers, and consumers alike. Understanding the Reasons Behind the Surge Economic Pressures Inflation and supplychaindisruptions have inadvertently presented an attractive opportunity for thieves.
Let’s explore the dynamics and possible disruptions within the supplychain as a service. SupplyChainDisruption Any disturbance or breakdown in the process between the production of the product to its delivery to end consumers is called a supplychaindisruption.
The Suez Canal Blockage of 2021 has cleared, and cargo is again flowing through that crucial gateway from Asia to Europe. While the immediate impact may have subsided after a week of fingernail biting, significant delays, and forced re-routings, lessons learned will hopefully stay with the supplychain industry for a long time to come.
The port handles about 11 million tons of cargo per year, including automobiles, containers, coal, and farm products. The port closure disrupts the inbound and outbound flows of vehicles and parts, affecting the operations and sales of automakers, dealers, and suppliers.
Supplychaindisruptions have brought about an age of innovation. In my presentation, I highlighted five key transportation trends that are changing supplychains from a technology standpoint. Air cargo has rebounded with the capacity crunch. The final technology for TMS innovation is IoT.
In 2021, 87% of Americans were negatively impacted by the supplychain. 75% of companies felt negative or strongly negative impacts on their business due to supplychaindisruption ( Accenture ). In Fortune 500 earnings calls for Q3 of 2021, “supplychain” mentions were up 412% from Q3 in 2020.
As globalization extends supplychains around the world, the likelihood of negative impacts stemming from supplychaindisruption increases. Supplychaindisruptions are an inevitability for any supplychain, though the severity of the impacts can vary. Changes in Supply.
The ocean freight market has unprecedented challenges caused by Covid, increased consumer spending (more imports), supplychaindisruptions, labor shortages, war in Europe, fuel costs, – and seemingly a new problem every week. Learn More About Ocean Freight Survival Guide.
The costs of supplychaindisruptions vary based on the severity of the disruption, how quickly companies recover, and numerous other factors. Ultimately, failure to digitize means responding with the most archaic and costly measures when supplychaindisruptions occur. But, let’s be realistic.
In air cargo, global volumes increased 13% year on year in June , with Q2 cargo out of Asia up 18% year over year, after 20% growth in Q1 mostly attributed to e-commerce volumes. In the first indications that worsening ocean disruptions since May could be pushing additional volumes to air, Middle East rates increased 5% to $2.78/kg
In a hearing before the House Committee on Transportation and Infrastructure , Transportation Intermediaries Association (TIA) President & CEO Anne Reinke provided solutions to alleviate the supplychaindisruptions and improve the free flow movement of goods.
Now, a year-and-a half since the pandemic started, activity has picked up, but the disruption has spawned a shortage of 80,000 drivers in the U.S. With the lack of drivers and trucks picking up cargo, this is also causing U.S. trucking industry, according to the American Trucking Association. ports to get backlogged.
A Freightos survey of 300+ companies sheds light on how importers have been navigating supplychaindisruptions. A brief background on the “disruptions.”. About 30% of the importers have tried each of the following methods to mitigate the impact of supplychaindisruptions: Using multiple logistics service providers.
The impact of the COVID-19 pandemic followed by supplychaindisruptions around the world has sparked a resurgence of companies bringing sourcing and manufacturing back to the United States or closer to U.S. Amazon has ‘over a thousand’ Rivian electric vans making deliveries in the US. shift to electric heavy-duty vehicles.
For months, retailers have been stockpiling massive amounts of goods to meet surging consumer demand, and compensate for ongoing supply and logistics issues. Just last year many were chartering their own cargo ships to get all these goods to their destinations.) Inventory management is challenging enough in normal times.
Resilinc’s supplychaindisruption data for Q1 2023 is here — while overall disruptions are leveling off, there are some new risk types experiencing major shifts. Out of those disruptions, four major risk areas emerged: financial risks, labor risks, shortages, and recalls.
There have been massive supplychaindisruptions since the pandemic began. These disruptions have driven up prices and led to shortages of goods. Congestion at ports has certainly played a role in these disruptions. Ocean ETAs are focused on when a ship gets into port and begins to unload its cargo.
Fifty-four percent of respondents agreed that their use of data/analytics/AI/machine learning (ML) will be central to adjusting more effectively to dramatic supplychaindisruptions. blockchain), and video-based collaboration/content sharing. A Positive Example.
Inflation, pandemics, railway strikes, adverse weather events – the supplychaindisruptions keep on coming. With expansion of supplychains into supply networks globally, there is an increased chance of disruptions caused by various kinds of risks. These risks are low probability and high impact.
The Houthis are creating significant supplychaindisruptions for chemical companies and governments. Cargo ships avoiding Houthi attacks in the Red Sea face a different kind of delay-causing threat as they go around the southern tip of Africa: storms and 30-foot swells. “It’s having an impact mainly in Europe and Asia.
While not completely protecting them from the supply shocks that occurred during the pandemic, it allowed them to respond to their customers with greater speed and agility, manage costs, and provide options when a supplychaindisruption occurred. They have a date and the quantity, but it is not refreshed.”
Recent supplychaindisruptions are forcing organizations to challenge the prevailing wisdom and look for newer approaches to decision making. The simultaneous shocks to demand and supply, and the magnitude of these shocks are not something the world ever experienced.
West Coast ports continue , causing importers like Lululemon Athletica to delay store shipments by up to 10 days, other shippers are heading to Canada’s West Coast ports, such as Prince Rupert where cargo traffic headed for the U.S. has increased 11 percent so far this year. ports have also spurred some shippers to look north. .
Type of risk Industry Standard Maturity Current Maturity Supply risks Most mature Demand risks Moderately mature Process risks Mid-low mature Environmental risks Low maturity. How network optimization solutions help companies counter supplychaindisruptions. References. link] [link] [link]. Share and Enjoy !
When a 948-foot-long cargo ship called Dali crashed into the bridge in the early morning hours of March 26, the costs were high. In addition, cargo ships bound for Baltimore were suddenly brought to a standstill, unsure how to proceed. Who can forget watching the shocking footage of the Francis Scott Key Bridge collapse in Baltimore?
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