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However, as carbon taxes and emissions reporting requirements continue increasing, supply chain professionals face mounting pressures from inside and outside their organizations to measure and improve performance against new, nebulous sustainability metrics. Freight transportation makes up over 10% of total global carbon emissions.
For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Reducing carbon emissions is a cornerstone of this effort. Meanwhile, advances in AI-driven route optimization reduce unnecessary mileage, cutting emissions and costs.
The transition to renewable energy and the adoption of sustainable practices are now essential for reducing environmental impact, ensuring regulatory compliance, and maintaining competitiveness. Businesses face heightened uncertainty in managing costs and securing stable energy supplies.
Reducingcost was the primary objective, and most operational decisionsfrom sourcing to fulfillmentreflected that mindset. Resilience is the ability to respond to disruption while maintaining core operations, and more companies are shifting their strategies accordingly. For years, supply chains were engineered to be lean.
Ken Adamo and Joe Lynch discuss a trillion dollars in freight transactions. Ken is the Chief of Analytics at DAT Freight & Analytics. DAT operates the largest truckload freight marketplace in North America. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
The global freight sector faces growing pressure to balance cost-efficiency with environmental responsibility. With freight transport accounting for a significant share of global emissions, efforts to improve logistics now extend beyond operational metrics to include resilience, regulatory compliance, and climate performance.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Erika Voss and Joe Lynch discuss taking the uncertainty and risk out of freight. Erika is Vice President of Information Security at DAT Freight & Analytics, the largest truckload freight marketplace in North America. Erika holds a Ph.D.
The company is operationalizing this target by reducing emissions as much as possible, increasing use of carbon-free electricity, and removing the emissions that remain. Supporting hypergrowth while reducing supply chain logistics emissions is not an easy feat. Building a new data center involves moving IT hardware into new facilities.
Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events. Why Monitor Transportation Metrics. Transportation metrics provide visibility that helps drive operative and competitive advantages.
As nearshoring efforts accelerate, shippers are increasingly rethinking their cross-border strategies. Infrastructure for efficient freight movement The physical infrastructure supporting cross-border shipping forms the backbone of efficient operations. They’re absolute necessities.
And to handle it all effectively, you need to get the hang of some of the best SEO strategies tailor-made for logistics companies. It enables the users to monitor the websites’ paid and organic traffic, keywords, and traffic costs. The approach is integral to the best marketing strategies.
Rising costs, supply chain chaos, and economic swings put businesses under enormous pressure to protect their margins. According to McKinsey & Company, procurement accounts for 50% to 80% of a company’s cost base. That’s why organizations zero in on strategies to achieve procurement costreduction.
First Insight, which works with major retailers like Gap, Under Armour and Marks & Spencer , to optimize their pricing, merchandising and inventory strategies, has turned its attention to making sure retailers can take control of their pricing and inventory strategies using real-time customer insights and predictive scenario modeling.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions.
Samuel Parker and Joe Lynch discuss DAT iQ: the metrics that matter. Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. He lives in Denver, Colorado with his wife and son.
Transportation Metrics That Matter Most to Track and Improve Performance : How do you measure logistics efficiency and transportation metrics performance indicators when you are already doing the best job possible? However, market forces such as higher fuel costs and decreased capacity work to undermine these goals.
We remain committed to growing our business with prudent investments and cost discipline to build the premier network and technology for logistics-intensive businesses." Issuances of common shares, net of issuance costs 3.6 Once completed, Descartes anticipates annualized cost savings of approximately $15 million.
The past two years of volatility have many logistics leaders evolving from an annual Request for Proposal or freight (RFP) event to quarterly or more frequently to accommodate the changing supply chain landscape. 10 Freight RFP Components for Success. Capacity strategy. Work with providers to identify cost-efficient lanes.
Rising costs, geopolitical tensions, and tariffs demand a strategic and holistic approach to maintain profitability and competitive advantage. There are many ways an organization can cut supply chain costs. For many large enterprises, procurement makes up a large part of a company’s total costs.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Supply chain efficiency focuses on improving your processes whilst also reducingcosts. What is Supply Chain Efficiency?
It is a practical tool, actively helping fleets reduce idle time, improve safety, and gain real-time situational awareness across the supply chain. Whether refining freight logistics efficiency at port terminals or enhancing last-mile delivery in urban neighborhoods, V2X adds intelligence to every vehicle interaction.
In addition, shippers were responsible for the whole of their operations, ranging from carrier negotiations through freight settlement and dispute resolution practices like reverse logistics. . Reduced transportation spend. Upfront costs provide a more significant ROI in the end by monitoring transportation. These include:
The point of the virtual summit was to discuss how streamlining the order-to-fulfillment process achieves perfect delivery, improves customer loyalty, and reducescosts. What is the Perfect Delivery Metric? The wrong metrics drive suboptimal behaviors and metrics can often be manipulated.
Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. truck, rail, air, sea) to identify the most cost-effective options.
As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. For organizations layered in functional metrics and driving a cost agenda, this is a tough nut to crack. The traditional leader values costreduction but is blind on how to value time. What is normalcy?
Initially, the output was published to procurement to design strategic buying strategies. The focus of the transportation suites was on cost mitigation and price negotiation. With the rising costs of accessorial charges as the freight sat on the dock, moving freight by ocean container grew more problematic.
Hazardous freight is the most likely to get “rolled” at the dock. On the one hand, we should celebrate the fact that the aggregate industry moved 38% more freight in 2021 when compared to 2019. Lane RFPs focused on costreduction, but few asked if they had a feasible plan. Time For Action. ” [link].
To that end, every warehouse manager’s role is to manage the physical environment, loadshifting equipment and people, to decrease the chances of collision and accidents, and often, to help the flow of freight via outbound and inbound freight management; an entire process known as warehouse traffic management. Read the full Post.
The company dynamically positions inventory within its fulfillment network using projected demand heat maps and transportation cost models. This approach reduces lead time and minimizes cross-country shipments, but it requires high system interoperability and robust handling of demand spikes and regional anomalies.
In today’s fast-moving supply chain environment, data is as valuable as the freight itself. With global transportation costs climbing and carrier networks becoming more complex, transportation spend management has become a strategic priority — not just a back-office function. However, this data often suffers from: 1.
The traditional metrics of excellence cost efficiency, on-time delivery while still important, are no longer sufficient in an era defined by volatility, complexity and political changes. This approach has enabled some organizations to reduce inventory by significant amounts while actually improving service levels.
The jobs reduction will save $1 billion this year, Tomé said on an earnings conference call with analysts on Tuesday. Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. Soft demand in Europe and the US led to an overall decline of 7.5
It produces results at a fraction of the cost of full truckload (FT) or small package shipping. Reduced Training Costs. Training new hires is the highest cost associated with new employees. When more carriers are available for use, the cost savings increase. Freight Consolidation. Rapid Expansion.
A solid supply chain and logistics strategy is essential for large companies. Using a logistics-oriented strategy helps companies better understand their suppliers, improve customer service, and optimize shipping. Smart logistics strategies can reduce wastage and improve operational costs. Subscribe Here!
With the added pressure to lower costs to end-users, your customers, it’s no surprise that the need for increased scrutiny and costreductions among inbound logistics partners, your vendors, has gone rogue. Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking.
Capturing carrier data gives you more visibility into your freight spend and enables you to make data-driven decisions that positively impact your business. Download the White Paper: Over the Road Freight Management Trends. Identify and Apply Freight Consolidation Opportunities. Track Carrier Performance Data. a shipment?doesn’t
An optimized supply chain is one that is as efficient as possible; it is more likely to reducecosts, increase customer satisfaction rates, and add value for stakeholders. That means identifying areas of waste, overlap and large volumes and enabling continuous improvement through the use of transportation metrics to track performance.
With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. million in cost savings over three years by improving warehouse scheduling and processes, as well as reducing labor requirements via enhanced productivity. Dynamic Price Discovery.
Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” Rising Freight Spend . So, what can you do outside that cycle?”. Data-driven Optimization.
According to the Council of Logistics Management, it is “the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal.
The cloud-based solutions and applications are quickly conquering the markets all over the world; they deemed to be highly scalable, easy to manage and cost-effective. Big enterprises might not be that open to innovations but are hypersensitive to cost and resource savings. It also reduces your resources and improves processes.
Why Your Procurement Strategy is More Critical Now Than Ever Before In an era of global supply chain disruptions, a robust procurement strategy is no longer optionalits essential. The right procurement strategy ensures that organizations: Mitigate risks before they escalate. Increased costs due to emergency sourcing.
As a leader, you need many tools to eliminate this mindset. The four key methods here will help you drive more success as you bring the metrics to life on your warehouse floor: 1. Show the “story” of your metrics with quarterly and yearly growth charts; show how far you’ve come as a team over time.
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