Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing? procurement #purchasing #sourcing.

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. I asked Kevin O’Meara that question last week on Talking Logistics. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing.

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Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supply chain and logistics professionals today. Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing decisions can complicate or simplify this process.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals

Talking Logistics

Back in December, when we were making supply chain and logistics predictions for 2020, none of us envisioned the situation the world finds itself in today due to the COVID-19 pandemic. When it’s all said and done, there will be many lessons learned, but the question right now is: How can supply chain and logistics. Read more Getting Through the COVID-19 Crisis: Advice for Supply Chain and Logistics Professionals.

Update on the Automotive Industry

Logistics Trends and Insights

The automotive industry has undergone quite the transformation from the days of Henry Ford and the Model T. With that, the industry is facing a number of challenges ahead, including a shift toward electric cars, tech embracement, plant closures—and now recovery from the coronavirus outbreak for automakers with supply chains reliant on Chinese production. These consumer-driven changes will require the industry to restructure itself in terms of volume, scale, and complexity.

Inventory Management in Service Logistics Industry

Talking Logistics

For Logistics the focus is on high inventory turns. Not really because each industry is different, and so are organizations within the same industry and even different divisions within the same organization have their own unique drivers and constraints. Hence following so-called industry trends may not always yield targeted results. The post Inventory Management in Service Logistics Industry appeared first on Talking Logistics with Adrian Gonzalez.

Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

Midstream Transportation Trends: The Future of Oil and Gas Industry

PLS Logistics

Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil prices

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Talking Logistics: PINC and project44 Partnership Commentary

PINC

PINC and project44 announced a partnership this week that “aims to empower industry-leading shippers and carriers with end to end real-time shipment visibility and yard management automation capabilities for an enhanced supply chain experience.” By Adrian Gonzalez.

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. And the logistics industry has countless IT solutions. Customer Service: The Real Source of SCM Innovation. He spends his time consulting and writing B2B marketing content helping transportation and logistics companies develop and implement their B2B blogging strategies.

Gainsharing In Logistics: Is it Good or Bad for the Industry?

Cerasis

Gainsharing has been a topic of both criticism and acclaim throughout the business world, and the same is true for gainsharing in logistics. Gainsharing comes with its share of benefits too, and more logistics services providers are starting to use a newer pricing model, Vested Outsourcing, in place of rigid gainsharing models. What Is Gainsharing in Logistics ? Gainsharing in logistics is often used by third-party logistics providers ( 3PLs ) as a pricing model.

Is the 3PL Industry Becoming Barbell Shaped?

Talking Logistics

Looking at the numbers and recent news, investors are betting big on the future of the logistics industry. The Wall Street Journal reported on Friday that Coyote Logistics “is preparing for an initial public offering [in the second half of this year] that could value it at more than $2 billion,” and the deal “is expected to raise a few hundred million dollars.”. Robinson (a Talking Logistics sponsor) and XPO Logistics increase 40.5% buying APL Logistics Inc.

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Food Industry Delivery Trends!

Supply Chain Game Changer

Based on data from the field and forecasts by industry experts, here are six major trends that are shaping food delivery and will continue to do so for the next couple of years: Top food delivery trends to expect in 2019: Increased third party delivery In-house restaurant delivery fleets Prioritizing delivery data tracking Tech giants moving in on food delivery Rapid online grocery growth A rise in food delivery subscriptions. and are driving massive changes in the food delivery industry.

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Private Blockchains Could Hurt the Shipping and Logistics Industry

Shipchain

Some companies are even hopping on the “blockchain bandwagon” without considering whether it’s actually useful in their industry. In the shipping and logistics industry, enterprises are already beginning to realize that private blockchains are simply not the solution they’ve been sold. They’re the game changer that will improve the entire supply chain industry moving forward. Public blockchains can provide uniformity across the entire industry.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. In the longer term he says they are focused on “Diversification of sourcing, reducing the dependence of single-source suppliers, and developing relationships with the key partners or IT [vendors] … and invest like no other into demand planning and control towers to give us the most fine-tuned information,” and ability to start making “crystal-ball like” predictions.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 GPCA confirms GCC chemical industry’s key problem is ensuring a smooth flow of raw materials to reach production plants across the globe for finished good production.” But the chemical industry is still lagging in digitisation.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics. Robinson and the MIT Center for Transportation and Logistics. From shareholders to consumers, sustainable logistics has created broad value. Logistics

Supplier Diversity in Logistics!

Supply Chain Game Changer

Supplier Diversity in Logistics article and permission to publish here provided by Kevin Jessop at cerasis.com. A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift. And finally, achieve true supplier diversity in logistics.

Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. Subscribe to our blog to receive the full blog series via email and stay informed about the latest global logistics news and insight. .

Industrial IoT: Supporters and Skeptics

Enterra Insights

As cool as those “things” are, the Industrial Internet of Things (IIoT) is more important for the economy. Jordan Appleson ( @jordanisonfire ), CEO at Hark, explains, “A subset of IoT is the Industrial Internet of Things which refers to creating interconnections between industrial equipment, facilities, personnel and processes. Appleson notes, “IIoT offers unprecedented opportunities for industrial businesses.

The Logistics & Supply Chain of Thanksgiving

Cerasis

Now, multiply that by 250 million Americans celebrating the holiday, reports Bob Trebilcock of Logistics Management. Frozen turkeys make up 90 percent of Thanksgiving sales, explains Chris Cunnane of Logistics Viewpoints. Meanwhile, logistics operations must transport them from the farm to the production facility and beyond. Fresh turkey spoils faster and requires fast-paced logistics. Could Thanksgiving Be Possible Without Logistics? Logistics Supply Chain

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[VIDEO] Logistics Beacons: Using Proximity As A Logistics Oversight Service

Cerasis

The global logistics industry generates $9.1 The global Third Party Logistics (3PL) industry generates $750 Billion in revenue as a part of that figure. trucking industry alone generates approximately $700 Billion in revenue. Air and sea cargo industries generate $62 Billion each. In the most simple of terms, any product that is produced – or the raw goods used to produce it, are moved through some sort of logistics network.

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How COVID – 19 Might Shape the Future of China Sourcing and Manufacture

Logistics Bureau

COVID-19 and the Future of China Sourcing and Manufacture. The Pros: Strong supply chain and logistics culture. And the strategy has paid off: Where China saw industrial production plunge 13.5 Furthermore, Chinese suppliers may not look too kindly on the loss of business and may make it difficult for such enterprises if they need to source Chinese-made components or raw materials in their future operations. Covid 19 Global Sourcing

Healthcare Logistics

LeanCor

Healthcare Logistics: A Network Design Case Study. 23 million dollars in total healthcare logistics cost savings; how would that make you feel? The healthcare industry is embracing lean concepts to increase efficiency and decrease costs. Executives are utilizing supply chain consulting to diagnose areas for improvement and develop a plan to end supply chain pain within the healthcare industry. By: Leeanna Thomas – Manager Business Development. $23

This Week in Logistics News (October 5-9, 2015)

Talking Logistics

Having spent much of this week on the road, I am still in catch-up mode with emails and phone calls, so let’s go straight to the supply chain and logistics news that caught my attention: Elemica Introduces New Sourcing Optimization Solution. APICS Announces New Certification Program Designed for Logistics, Transportation and Distribution Professionals. Simply put, as supply chains have grown in scale and complexity, so has the logistics sourcing process.

Industry 4.0 in the Aftermath of Coronavirus

Enterra Insights

This crisis may be a tipping point for what’s likely going to be a strategic shift in where supply is sourced and products are assembled.”[1] As Tom Muth, a DELMIA Industry and Roles Portfolio Director, explains, “While most people are staying home during the COVID-19 pandemic, many are on the front line [including] manufacturers who are essential to society and doing their part helping to stop the global pandemic. Is Industry 4.0 He also believes Industry 4.0

Will COVID-19 Lead to More U.S. Manufacturing?

Talking Logistics

Will the COVID-19 crisis lead more companies to manufacture and source their products and materials from the United States instead of China and other countries? appeared first on Talking Logistics with Adrian Gonzalez. Global Trade Industry Trends China COVID-19 global trade Indago local sourcing reshoring US manufacturing

5 Future Applications of the Industrial Internet of Things in Manufacturing & Logistics

Cerasis

Manufacturers are set to invest up to $70 billion in the Industrial Internet of Things ( IIoT ) by 2020, reports John Greenough of Business Insider. The development and deployment of autonomous vehicles, machine-to-machine communication abilities and preventative maintenance could all team up to result in even greater savings in 2016, which will further increase investments for the Industrial Internet of Things. Growth of the Industrial Internet of Things Continues.

Space: The final logistics and supply chain management frontier

Kinaxis

by Ilyas Kucukcay Recent advancements in the space launch market may indicate an increased need for logistics and supply chain management in outer space operations. Accessing what’s beyond our globe has become an accepted source of socio-political promotion. The space industry was born from military-related needs during and after World War II, and evolved into a commercially beneficial industry for governments and accredited companies all around the world.

How Logistics Workforce should change in Industry 4.0

Abivin

Specifically, technology is already replacing human in doing repetitive tasks in major industries like manufacturing, transportation, logistics, etc. The Industry 4.0 With a new Industrial Revolution, changes are inevitable. Source A study by Frey and Osborne indicates that in the case of low-wage, uneducated workers , 47 percent of US jobs are exposed to the risk of becoming redundant through computerization. Source 1. In the Industry 4.0,

The Key Coffee Industry Trends For 2021 & Beyond

Unleashed

Popular with consumers around the world and supporting numerous developing nations as one of their key commodities, the coffee industry is both valuable and – up to the beginning of 2020 – expanding. However with Covid-19 slowing both production and demand, and disrupting the global supply chain, the global coffee industry has stalled in recent months – and seen new trends take hold. Here’s our summary of the key factors set to affect the coffee industry in 2021 and beyond.

The Top 5 Logistics Technology Trends to Watch

Zipline Logistics

Technology is currently being rapidly integrated across every business sector with logistics undoubtedly being no exception.? . Where technological trends have the most significant impact in today’s logistics landscape is pragmatic productivity and performance visibility tools. .

The Internet of Things and the Retail Industry

C3 Solutions

Not only does it help keep their users' distribution centres running smoothly, with lower maintenance costs and less unplanned downtime, it also affords the manufacturer a potential new source of income from the diagnostic and maintenance service. This article is part of our Retail Program.

Industry 4.0 and the Long Game

Enterra Insights

He explains, “Besieged by bright shiny objects of Industry 4.0, ” The short and long Industry 4.0 “Not since the end of the Great Depression has the manufacturing industry seen a talent shortage like we’re experiencing now,” Vazeos writes. Most analysts agree organizations born in the industrial age need to transform into digital enterprises if they are going to succeed in the digital age. ” Cognitive technologies and Industry 4.0.