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
This blog is based on Dassault Systèmes’ partnership with IndustryWeek on conducting a midyear survey of industry leaders to gain a better understanding of how virtualization technologies are helping them adapt to these changes. Here, modeing capabilities provide an avenue for manufacturers to respond to disruptions more effectively.
But in the context of the Shippers Council, the shipper is the cargo owner (or BCO beneficial cargo owner), usually a manufacturer, who contracts with a logistics service provider (LSP), which, in the Councils definition, can be a transportation (land, sea, air) company, an express company, a forwarder, or a full-fledged 3PL.
In a survey we conducted in October 2020, 91% of our Indago supply chain research community members, who are all supply chain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
“To improve,” the report rightly notes, “organizations should enhance supply chain visibility with robust data and analytics; use AI to foresee disruptions; keep business continuity plans current; and diversify supply sources, suppliers, manufacturing and logistics partners.” Those companies had at least $500 million in annual revenue.
Manufacturing leaders who built resilient supply chains were successful in 2021, despite the many supply and demand fluctuations. A survey of 200 supply chain leaders found that most would shift supply chain strategies from linear to more integrated supply chain networks to detect and minimize risk.
Companies are hoping to continue their revenue growth in 2018 by setting priorities for manufacturing in 3 key areas. KLR has released the results of its annual manufacturing industry outlook report , and the optimism following last year’s elections will continue straight through 2017. That growth is projected to continue into 2018.
Conducted across key trading regions, the survey gathered insights from 978 leaders, emphasizing the importance of robust global trade intelligence for competitive and compliant operations.
The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. 5 Challenges Facing Supply Chain Managers in Manufacturing.
Redwood City, CA, July 12, 2022 – Manufacturers are working to accelerate digitization initiatives to manage supply chain disruptions in 2022 and beyond, according to an original survey commissioned by Ivalua , a leading global spend management cloud provider.
Hanover Research recently conducted a survey that investigates the role of analytics from the perspective of knowledge workers, people who handle or use information as part of their jobs.
Are industrial manufacturers seizing all the opportunities of a more digital world? A recent article suggests that, by 2018, only 30 percent of manufacturers investing in digital transformation will be able to maximize the outcome. Possibly not. The remaining 70 percent are hindered by outdated business models and technology.
Let me explain, if you fill out one of my surveys on LinkedIn, I share the research results in front of the paywall (I believe that supply chain research should be readily available and not locked behind a paywall.) (If We are trying to assess the value of a network in managing contract manufacturing.)
For example, if I improve the cost structure in transportation, procurement, manufacturing and sales independently, what decision support framework decides the right trade-offs? using all of the test materials, survey results, blogs, YouTube content, and eBooks developed by Supply Chain Insights over the past five years. You are right.
Coming back to the context of technology, and its significance in helping manufacturing businesses grow, it is to be mentioned that the benefits of adopting the resource are actually productive due to a lot of reasons. In the manufacturing industry, generating the coveted sales and maximum Return on Investment are things of highest concern.
Speaker: Rosemary Coates - Board Member & Founder at Reshoring Institute, Best-selling Author, Host of the Frictionless Supply Chain podcast
Companies can lower the risk of disruptions by shortening the supply chain and moving manufacturing close to the points of sale to reduce the need for expensive and time-consuming transportation. In the same survey, 57% of participants mentioned longer than usual wait times for orders with foreign suppliers.
Ability to Meet Fulfillment Goals According to the survey, only a mere 1% of respondents achieve 80% or higher for their OTIF metrics, with the average percentage of OTIF being a mediocre 62.21%. While outsourcing to a 3PL is a common strategy, new technologies and approaches now exist to achieve higher OTIF rates in house.
This increase in spending is not due to candy prices rising, the results from the survey show an overall candy prices only increased 0.9% This is nearly double the amount from a decade ago and it seems to be in line with the trend of Halloween gaining popularity in the last few years with the help of social media.
Today’s article is the fifth part in a series featuring surveys from APQC on supply chain topics including ESG in supply chain , environmental sustainability , last mile , digital transformation. Survey respondents are second most likely to have implemented Robotic Process Automation in sourcing and procurement (20 percent).
A recent and timely survey published today points to continued perception or communication gaps and among business C-Suite and supply chain senior executives. Survey Structure This survey, sponsored by supply chain operations technology provider LeanDNA and conducted by Wakefield Research , involved a reported 100 U.S.
Companies are proactively acquiring electric vehicle (EV) manufacturers, battery storage providers, and related infrastructure firms to embed sustainability into their operations. imports from China declined by 10% year-over-year, while domestic manufacturing investments surged by over $100 billion.
PWC’s Digital Trends in Supply Chain Survey reports that 83% of manufacturers say that supply chain technologies have not delivered the expected results. This exceeds the 55% previously reported in the Supply Chain Insights surveys. The trade-offs of manufacturing and supply constraints are not visible today.
Retailers, manufacturers, and distributors own more warehouses than 3PLs. The US Energy Information Administration, within the DOE, does periodic surveys to understand the total energy consumption and consumption across different types of buildings. Their last survey was in 2018. And the global numbers are even worse.
In June 2023, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they are using control towers in their supply chain operations. Read more
Editor’s Note: The following is an excerpt of a research report published recently, “Buyer’s Remorse Survey Report.” Read more The post Preventing Buyer’s Remorse with Supply Chain Technology appeared first on Talking Logistics with Adrian Gonzalez.
These are questions ARC Advisory Group will seek to answer in our online survey research of supply chain executives over the next few months. Global Manufacturing PMI Global Trade as a Barometer Clearly domestic business activity is much larger than international trade. Manufacturing Purchasing Managers Indexes The J.P.
Ninety-five of manufacturing leaders report that generative AI (Gen AI) is already boosting performance, with the most frequent use cases supply chain and inventory management; knowledge management; quality control; research development; and process automation, according to a global survey by NTT Data.
If you answer the survey, I will gladly give you a custom analysis of your organization against the peer group. In the supply chain team analysis, note the 21% gap between procurement and manufacturing teams, the 35% gap between sales and operations and the 21% gap between finance and operations. To respond, follow this link.
According to a survey by ARC Advisory Group, only 10% of industrial companies are ready to apply artificial intelligence/machine learning. The company has 55 manufacturing sites across the world. The risks associated with chemical manufacturing include the storage and transportation of raw materials, finished products, and waste.
The July 2021 Manufacturing ISM Report On Business shows that economic activity in the manufacturing sector grew in July, with the overall economy notching a 14th consecutive month of growth. If supply does not increase to offset excess demand, then high prices could persist and cause continued pricing pressure. Final Word.
Oracle’s recent global survey, No Planet B: How Can Businesses and Technology Help Save the World? It might seem overwhelming, but supply chain is one of the first places you can make improvements, because every aspect—from manufacturing to transporting goods has a sustainability component. There’s no time to waste.
We’re a few weeks into 2023, but it’s not too late for manufacturers to make one very important New Year’s resolution: improve company-wide collaboration. For example, 70% of manufacturing firms with excellent collaboration between leadership and all other functions reported that they increased their profits by more than 10%.
In recent years, manufacturers have experienced substantial supply chain disruptions , leading to material and labor shortages, quality issues, product delays, and low profit margins. Results from an Accenture survey indicate that these disruptions ultimately caused companies to miss out on 7.4% 11.0% of potential revenue growth 1.
Supplier Collaboration: Fundamental to Elevating Manufacturing Performance Supplier relationships are at the heart of manufacturing performance. That’s why supplier collaboration—that consistent, trusted, and responsive interaction between supplier and manufacturer—is pivotal to manufacturing success.
This is the year that AI stops being just a buzzword and begins to evolve into an operational imperative for manufacturers, retail and supply chain companies. For manufacturers, early deployment can also open the door to monetizing the data they generate, especially when it comes to B2B sales. The global DaaS market was valued at $14.36
Our 2018- 2019 Network Design Survey showed that the majority of organizations are still relying on spreadsheets (nearly 60%) and gut feel (15%) to make network design decisions. A recent Thomas survey found that 64% of manufacturing companies are likely to “bring production and sourcing back to North America” in view of COVID-19.
Leaders surveyed in third annual ToolsGroup and CSCMP report are “extremely concerned” about external supply chain threats but lack people to make transformation succeed. From January to March 2022, CSCMP and ToolsGroup surveyed more than 300 supply chain professionals around the world.
Manufacturing Leaders are well aware of (and even frustrated or perhaps used to) the constantly changing business landscape. More often than not, the conversation around digital transformation in manufacturing is no longer about the “why” or even the “what” because most already know the critical technologies dominating discussions.
Sustainable manufacturing has become essential for manufacturers to maintain customer loyalty, win new business, and remain competitive in today’s supply chain based marketplace. In the past, manufacturers were slow to set goals in this area. Sustainable manufacturing also enhances employee, community, and product safety.”
In June 2023, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — if they are using control towers in their supply chain operations.
In our recent survey on analytics, today 74% of companies are attempting to improve supply chain visibility (as shown in Figure 1). Today, there are no authoritative identifiers to track and trace for containers, warehouse locations, trucks or manufacturing plants. What we built on the whiteboard is the solution that we need today.
Teaser / Précis: A major industry survey of nearly 400 European supply chain professionals analysed into more than 40 detailed charts outlining the key risks, technologies and strategies for European organisations.
Turning risks into growth opportunities is a high priority for manufacturers challenged with supply chain disruptions, labor shortages, and spiraling costs. The great news is that digital manufacturing can help turn risks and challenges into new opportunities for growth.
AI for manufacturers Using artificial intelligence (AI) in manufacturing can significantly improve productivity, reduce equipment failure, increase production efficiency and help identify new business opportunities. That indicates that manufacturers who adopt AI early could achieve a significant advantage over laggards.
We put together a survey with our partners at Districon to better understand these challenges and offer ideas for improvement. Industries that deal with lots of daily fluctuations were among the most heavily represented in our survey. Namely, manufacturing, food, and healthcare.
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