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states, obvious disruptions to supplychains and supplychainriskmanagement were a given. Many of the states affected contained key ports and supply destinations, as well as transportation and logistics hubs. Don’t let your supplychain get blown away by any category of winds.
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.
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.
million worth of stolen cargo; and freight theft cases in Illinois and Kentucky surged in April. Instead of being delivered to its intended destination in Childress, Texas, the cargo was transported through New Mexico and eventually into Arizona. The trailer and its cargo, valued at $1.6 Truck carrying $1.6
One of the fastest growing forms of cargo theft is deceptive pick-ups (aka fictitious pick-ups). According to a September 2013 white paper published by CargoNet and the Cargo Security Alliance , 8 percent of cargo thefts in 2013 (as of August 31, 2013) were due to fictitious pick-ups, up from 5 percent in 2011.
Cargo thieves love the holidays. That time of year when the industry ships a higher volume of desirable, in-demand goods. Appliances and furniture, food and beverages, and electronics are hot commodities. Warehouses and distribution centers are top targets.
The country’s major service export sectors include air transport; business, professional, and technical services; sea transport, and information services. I was unaware of Ukraine’s prominent air transport presence. However, I did see reports on the destruction of Ukraine’s Antonov An-225, the world’s largest cargo aircraft.
Port and maritime operations are critical to the stability of the global supplychain and the global economy. When terminals cannot move cargo, the costs can escalate quickly. Attacks on Maritime Transportation System Are Increasing. Should we call the Maersk attack an OT-level attack or an IT-level attack?
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. .
market, and as reported by the Wall Street Journal yesterday: Since the shipping company filed for bankruptcy protection in a Seoul court Wednesday, terminal operators, ports, cargo handlers, truckers and others have refused to handle its cargo, for fear they won’t get paid. Hanjin handles about 7.8 That is causing turmoil at U.S.
How the War in Ukraine is Impacting the SupplyChain and Raw Material Prices. Increased Prices Resulting from Shortages and SupplyChain Issues. Increased Shipping Costs, Delays, and Transportation Issues. How Labor Shortages Have Hurt the SupplyChain. Department of Transportation ).
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. This data was compiled from Resilincs EventWatchAI , a risk monitoring database provided to customers.
Zara also works with Air France, KLM Cargo and Emirates Air in order that they can coordinate directly with the airlines to make the outbound shipments to its stores and bring back some raw materials and semi-finished materials with return legs. Managingtransportation at this scale is the absolute challenge.
In the meantime, here’s the supplychain and logistics news that caught my attention this week: EU Approves FedEx Acquisition of TNT Express ( WSJ – sub. INTTRA Collaborates with JDA Software for Streamlined TransportationManagement. LoJack SCI and TransVoyant Partner to Deliver SupplyChainRisk Alerting.
While it would be convenient to blame this on Nova Scotia’s unforgiving winter weather, the root cause of this delay is really a supplychain planning issue. 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.
These vehicles collect and transmit real-time data on location, speed, fuel consumption, and cargo conditions, enabling more dynamic decision-making. Connected vehicles, following standards like the SAE J3016, which defines the six levels of vehicle automation, are becoming a crucial part of logistics operations.
While multi-industry logistics, transportation and customer fulfilment teams might have languished with a sigh of relief, they are likely to be aware that this new contract is not a done deal yet. Yet, there is still a reported lag times related to movement of containers to intermodal inland rail or surface trucking transportation.
South Florida Container Terminal, for example, said dry cargo could not be delivered and no container would be received. Mitigating the threat will also require greater collaboration between the IT and supplychain functions, not only within companies, but across all stakeholders in global supplychains.
” Companies have historically overlooked B2B Connectivity when evaluating supplychain software solutions, such as transportationmanagement systems. Supplychainmanagement is all about riskmanagement, and this is a great example of how third-party logistics providers (3PLs) need to redefine themselves.
Although the cargo on the Ever Given is still at a standstill, other ships have been able to freely move through the canal over the past few weeks. Even still, the effects of the Suez Canal block will continue to ripple far beyond the cargo that remains stuck on the Ever Given. Spare yourself trouble by staying prepared.
Drought in China Impact on SupplyChain The Yangtze River Basin, home to Asia’s longest river, boasts a staggering annual cargo volume of over 3 billion tonnes. These conditions could potentially impact supplychain logistics and transportation by sea, air, and land.
Are you attending the Council of SupplyChainManagement Professionals (CSCMP) Annual Conference later this month (September 25-28 in Orlando, FL)? If so, I invite you to attend two of the sessions that I am participating in, both related to transportationmanagement: TMS 4 SMB: A Case Study with Carhartt.
LevaData to Transform Strategic Sourcing for Global Procurement and SupplyChain Leaders. Manhattan TransportationManagement Enhancements Enable the Acquisition and Supervision of Additional Shipment Capacity. TSA reviewing cargo screening, concerned about terror vulnerabilities (CNN).
From my experience in assessing halal supplychains for food and cosmetics companies, there are ten common gaps in halal riskmanagement: Halal training is often limited to the production plant and not extended to the head office, missing key functions such as: procurement, supplychainmanagement, corporate communication, riskmanagement, and sales (..)
.” Control Risks isn’t the only company predicting which risks could have the greatest impact on supplychains this year. The American Journal of Transportation reports supplychainriskmanagement company Resilience360 also published a list of the Top 10 SupplyChainRisks for 2019.[3]
The Red Sea Crisis Rerouting ships around the Cape of Good Hope has caused significant shipping delays, leading to increased prices and gaps in the supplychain ( U.S. Read more about the sanctions against Russia and the supplychain impact: Russian Sanctions: Navigating SupplyChain Impacts and Potential Outlook.
She writes, “Supplychains depend heavily on cross-border situations where smart [i.e., Addressing supplychain complexity. Analysts at ShipChain write, “Due to [supplychains’] inherent complexity, there are ample opportunities for items to be misplaced, lost, or stolen. ”[3].
The major impact will be to hazardous cargo (majority of classes), with a hold on Xiamen port from August 1st to September 7th, including imports to Xiamen, exports from Xiamen, and transfers via Xiamen.
It's time for a transformative approach to supplychainriskmanagement-based financing. These innovations allow for a comprehensive assessment of risks by viewing the supplychain through the lens of the cargo itself. And what's the solution, you may ask? But why is this important?
With as much as 90 percent of international trade being transported across ocean waterways, there are important findings for multi-industry supplychain and logistics management teams included in this report. Reportedly, cargo ships accounted for over 60 percent of vessels lost in 2023.
This is part 1 of a 2-part blog addressing the International Civil Aviation Organization's (ICAO) recently enacted ban on the shipment of lithium-ion batteries as cargo consignments on passenger planes and the associated supplychainrisks of such provisions.
By contrast, OEMs that had mapped their supplychains on their own or with a supplychainriskmanagement firm such as Resilinc had a much more complete picture of how Ian could affect their supplies and revenues. Supplychains need roads, railways, ports and airlines for goods to flow,” said Vakil.
Reportedly the synergy of this acquisition involves the combining of ASD’s RFID-based technology with Descartes’s CORE BLE tracking platform for the air cargo industry, enhancing the ability to comply with various airline regulations through a unique identification, tagging and tracking of assets.
SupplyChain Matters highlights an ongoing threat of a rail service disruption occurring across Canada and North America transport routes. Friday) The rail company has already temporarily banned traffic of dangerous cargoes to ensure no such shipments do not wind up stranded in the event of job action.
Level cargo flows. Mismatches between supply and demand is a significant cause of delays. Going the extra mile in this way also reduces the need to expedite cargo and affords more flexibility for changing shipment schedules. You can avoid snafus by identifying high-risk shipments and monitoring their progress.
In this update, we focus on our fifth prediction which is focused on global transportation and logistics services sectors. 2023 Prediction Five: Global Wide Transportation, Logistics and Brokerage Services Sectors Will Face a Challenging Year With Significant Consequences. Prediction Background. Prediction Implications.
This week, the Council of SupplyChainManagement Professionals (CSCMP) , with sponsors Penske Logistics and consulting firm Kearney , released the 33rd Annual State of Logistics Report to organization members and the industry as a whole. Ocean Transport. This report provides a snapshot of the U.S. For 2021, U.S.
They have started earmarking their investments for food supplychain networks since the pandemic. Major supplychainrisks in the Middle East. Transportation: Trade routes blockage – Congestion at ports. Riskmanagement maturity model. That’s about 7% of all seaborne oil.
In its reporting, Bloomberg indicated that Amazon has long practiced a strategy of taking stakes in business areas deemed a priority including a grocery chain, cargo airlines, EV powered parcel vans and others. will reportedly be one of the largest fully interoperable chassis pools in the U.S.,
In January of 2023, PreAct acquired computer vision and gesture recognition technology provider Gestoos , which combines a powerful AI algorithm development platform with PreAct ’s flash LiDAR to solve difficult vision needs such as in-cabin, cargo monitoring and other needs. This event was led by I Squared Capital.
Maritime transport is the main artery of global trade. The intricate networks of shipping routes, ports, and inland terminals have strengthened the interconnectedness of the world economy, and maritime shipping is the critical mode of global transport. Yet these chokepoints are vulnerable to disruptions.
It outlines how dangerous goods must be handled when transported by air. Various regulatory bodies around the world play a role in defining and enforcing the rules for transporting dangerous goods, including the U.S. So, how could a leading shipper like Amazon fail to comply with dangerous goods regulations? (In
With extreme weather—running the gamut from droughts to flooding rains—likely to occur across the globe this winter, we can expect to see the supplychain affected in several areas. El Niño may serve as the ultimate test of supplychainriskmanagement and resiliency.
” Supplychainriskmanagers must deal with both day-to-day weather as well as prepare for contingencies associated with climate change. This infrastructure eliminates the need for a transportation provider to embargo freight or refuse pickup during extreme conditions.” ” Personnel training.
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