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Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supply chain topics. Chris is a Senior Research Scientist at MIT and serves as the Executive Director of the MIT Center for Transportation & Logistics (CTL). Chris was named the Silver Family Research Fellow in 2016.
Our last post covered the Top 5 Supply Chain blogs of 2016. Today's post will cover the top 5 Transportation Management blogs from 2016 so far. Top Transportation Management Blogs from the First Half of 2016 So Far. From transportation management trends to creating a competitive logistical edge.
On September 7th 2016, a relatively unknown person became the richest man on the planet during two days before Bill Gates reclaimed his title (recently overtaken by Jeff Bezos). This also helps reduce the overall carbon footprint through significant reduction in transportation. Zara’s Supply Chain Approach. Spare Capacity.
Mark is the Chief Executive Officer off Princeton TMX , a SaaS-based transportation management system (TMS). About Mark McEntire Mark McEntire is the Chief Executive Officer at Princeton TMX, a SaaS-based transportation management system (TMS). Hunt Transport, Inc. in Transportation and Logistics from Arkansas State University.
We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. We have already covered the top 6 trends for 2016 in manufacturing. 2016 Supply Chain Trends: The First 7 of 12. But, Wait.What is the Digital Supply Chain?
April 2016 North American Freight Numbers. Cass Freight Index Report – May 2016. From a supply chain perspective, Brexit will have a ripple effect on procurement, trade agreements, customs, and other areas. Late Tuesday, Covenant Transportation Group Inc. ATA Truck Tonnage Index Increased 2.7% in favor to 48.1%
As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?
With 2016 around the corner, now is a great time to examine industry trends and how they might impact your operations. Transportation Market : What are some creative solutions to managing transportation spend and capacity more effectively? Bid Season : How do you plan and execute a successful procurement event?
From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains.
Yesterday we began our two part series on 2016 supply chain trends that will drive supply chain management into the future. If you missed the first post, we encourage you to give it a read by visiting the first seven 2016 supply chain trends post here. . Supply Chain Trends 2016: 5 Additional More Areas of Focus.
Mostly, manufacturers demand technologies that can boost their output without causing an additional strain on resources, and the final five technologies changing manufacturing in 2016 did just that. The annual growth rate for machine learning and artificial intelligence grew more than 500 percent from 2013 through 2016. Industry 4.0
As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. The Role of Robotics in the list of manufacturing trends in 2016 cannot be understated or ignored. percent annual growth.
2016 is finally here, and there’s a good chance you’re working hard to stick to your New Year’s Resolutions. One area that always seems ripe for improvement is the supply chain, and one of the best ways to accomplish that is with a transportation management system (TMS). 2016 is here. Everyone wants to better themselves, right?
Logistics & SCM, PLM, Manufacturing, and Procurement2016. Date: 22-24 June, 2016. URL: sapinsiderevents.wispubs.com/2016/Vienna/SCM-PLM-MFG-Procurement-CRM/. Get lessons on how to drive collaborative commerce across procurement processes. Venue: Austria Center Vienna, Austria. Organisation: SAPinsider.
MercuryGate Launches Global, Omni-modal Freight Procurement Solution. WTO: Trade growth to remain subdued in 2016 as uncertainties weigh on global demand. Marten Transport Ltd. The post This Week in Logistics News (April 4-8, 2016) appeared first on Talking Logistics with Adrian Gonzalez. Analysts at Stifel Inc.
Second, we just released our second Talking Logistics YOUniversity course, Building a Strong Transportation Management Foundation. Descartes Reports Fiscal 2016 Fourth Quarter and Annual Financial Results. Google says it bears ‘some responsibility’ after self-driving car hit bus ( Reuters ).
2016 - $7 billion. Simply using common calendar tools, such as Google, means you are using the IoT, but the Industrial Internet of Things (IIoT) leads to the use of connected, smart devices to reduce inefficiencies, delays, and inaccuracies throughout the product lifecycle, including procurement as well. Transportation Management.
You probably have questions about what the 2016-2017 ocean contract season will bring. The bunker has been trending on the low side and is expected to continue this way through 2016—good news for ocean carriers, as bunker fuel is by far one of their largest operational costs. Consolidations. Bunker Cost. Driven by U.S.
The Top 6 Trends in Logistics Impacting Shippers in 2016. According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Like 2016, logistics providers will be tested for weaknesses in 2017. Globalization Will Become More Important in Everyday Decisions.
Regulatory reform has been top-of-mind for supply chain executives and political leaders in the US since the 2016 election. As reshoring continues, more supplies will be needed, which has major implications for procurement professionals, as well as increased demand for new talent and more truck drivers.
This is especially true when outsourcing transportation management, as transportation can include a large part of your overall supply chain and business costs. Consider the many shippers who have outsourced transportation management and other logistics functions to third-party logistics (3PL) providers the past few years.
In the research conducted by Supply Chain Insights , only 35% of the respondents rated their S&OP process as effective or extremely effective in 2019 compared to 65% for the same in 2016. A close alignment between Procurement and Supply Chain can also yield several very interesting use cases that will help turbocharge your business.
In 2012, for example, he was elected as a fellow of the Institute for Operations Research and the Management Sciences (INFORMS), where he served as chair of the Sections and Societies Subcommittee and as president of the Transportation Science and Logistics Section. Ryder Reports Third Quarter 2016 Results. I am forever grateful.
Besides, these risks are much more serious (for example, there were about 134,000 reported cyber-attacks on businesses in 2017 , or almost 50 percent increase from 2016). For example, Supply & Chain Executive reported that there were 260 major natural disasters in 2016 that resulted in an economic loss of $211 billion.
Cloud Logistics Announces Banner Results For The First Half of 2016. And we have more than enough package supply to utilize the 40 planes we’ve procured.”. The post This Week in Logistics News (August 1-5, 2016) appeared first on Talking Logistics with Adrian Gonzalez. billion (Reuters). stores (Reuters). Baaba Maal.
Transportation is a complex system, and even minor inefficiencies can have a ripple effect. The Environmental Impact: Challenge: Transportation is a major contributor to greenhouse gas emissions and air pollution. Accessibility: Ensuring accessibility for people with disabilities creates a more inclusive transportation system.
billion dollars of US venture capital was invested in the first quarter of 2016. Elon Musk’s concept of the hyperloop promises 700 mph transportation between major US cities. Musk already has experience with transportation innovation; reinventing the electric car with Tesla, and creating reusable rockets at SpaceX.
Here’s what ATA Chief Economist Bob Costello had to say: “Clearly, 2016 started soft for truck tonnage. There was a deceleration in freight volumes during the second half of 2015 which continued into the first month of 2016. We do not expect capacity to tighten in 2016 unless the economy regains steam.
On September 3, 2016 China and the US agreed to ratify the Paris Agreement on climate change. Outside of the Paris Agreement, the European Union (EU) has a goal of reducing greenhouse gas emissions from transport by around 60 percent below 1990 levels by 2050. Corporate Responsibility.
At Transplace’s recent Shipper Symposium, a diverse group of shippers, logistics experts and analysts came together to discuss the latest industry trends and obstacles faced by supply chain and transportation professionals, and identify strategies for addressing these issues and improving operations. Let’s assume that IP is negative in 2016.
In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. The 2016 Race for the White House. Because of the lack of growth, demands on available capacity have been limited so far in 2016. How a 3PL Can Help. Global Carrier Network.
The research suggests improved enterprise Digital Supply Chains ( DSC ) can lead to a 20% reduction of procurement costs, a 50% reduction in supply chain costs, and an increase in revenue of 10%. That is, flip the focus to the customer-facing side – the frontside – of the business. A white paper will be published in October.
While Total Landing Cost (TLC) includes other types of costs like; transporting, storage, risk, delivery, and quality, and the more complicated analysis, the Total cost of ownership (TCO) , includes the TLC, in addition to the ongoing lifetime, operating, durability, end-life disposal cost, …etc. References. Bowersox, David J. Lysons, 312.
To gain competitive economies of scale and drive the segmented response, the back office operations–procurement, manufacturing and transportation–are automated and effective. In 2016 I wrote 35 blog posts. The five best read posts written in 2016 were: Embracing the Digital Supply Chain. Reflections.
2016 marched onward with a drive to improve the use of digital technology throughout the supply chain. This infographic, created by GT Nexus , also shows other ways the digital supply chain evolved in 2016. While the VR hype may seem like it only emerged for Christmas, think about one of the hottest games of 2016, Pokémon Go!
The Modern Supply Chain Experience London event will be held during February 2 - 3, 2016 at the Intercontinental London – The O2. Featured tracks include: Innovate to Product Commercialization, Plan to Produce and Procurement, Logistics with Order to Cash. Watch product demonstrations of the solutions. .
MacroPoint Announces Platform Integration with JDA Transportation Management Solution. On the software front, just when you thought “Does the market need another transportation management system (TMS)?” Haven TMS allows users to manage the entire transportation logistics workflow on one platform and streamline critical processes.
LevaData to Transform Strategic Sourcing for Global Procurement and Supply Chain Leaders. Manhattan Transportation Management Enhancements Enable the Acquisition and Supervision of Additional Shipment Capacity. a world-class provider of freight forwarding, customs brokerage and surface transportation in Canada.”
However, logistics focuses expressly on the movement and storage of products, while the supply chain goes into deeper detail, including manufacturing processes, procurement, and the flow of goods. Increased demand for faster turnaround will also have an inescapable result of increasing the risk of accidents in the transportation process.
What defines the small and mid-sized business (SMB) market for transportation management systems (TMS)? Its manufacturing capacity is at the highest level in the company’s history, and just two years ago Carhartt began opening its own retails stores across the country (with stores in 17 states as of the end of September 2016).
Trimble Acquires Brazil-Based Veltec to Expand its Global Portfolio of Transportation Solutions. So if you can provide warehousing, transportation and/or material handling equipment to support disaster relief efforts, I encourage you to contact ALAN. Amazon Patents Drone Chute For Quiet Deliveries (CB Insights).
Happy Holidays and I wish you all continued health, happiness, and success in 2016. Leveraging Optimization to Unlock Value from Your Transportation Network (2,768 views). On Your Radar: Important Logistics Trends and Outlook for 2016 (2,623 views). On Your Radar: Important Logistics Trends and Outlook for 2016 (2,623 views).
The latest Supply Chain Resilience Report published by the Business Continuity Institute in partnership with the Chartered Institute of Procurement & Supply (CIPS) provides some fascinating insights. Incidents involving tier 1 suppliers fell below 50% for the first time since 2016 (48.9%). Transport network disruption (15.8%).
Technology advancements were among the most exciting topics to watch through 2016. So, let’s take a look at how our predictions for the first four manufacturing technology trends (Predictive analytics, 3D Printing, and VR) to watch for in 2016 stacked up. Predictive Analytics Became Commonplace to Manufacturing.
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