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Rebounding freight volumes and the proximity of the electronic logging device (ELD) mandate are set to change the industry in 2017, reports Sean Kilcarr of FleetOwner. Unlike the all-time highs of 2014, 2017 will reveal an industry on the cusp of restoring order and LTL rates to acceptable, reasonable levels.
It’s December 1, the beginning of the end of 2017. Logility Acquires Halo Business Intelligence to Expand Advanced Analytics. Descartes Reports Fiscal 2018 Third Quarter Financial Results. Kane Is Able Purchases Vintners Logistics. How did we get here so fast? Shipping Networks (WSJ – sub. Answer at the end.).
The news is reporting that supply chains are going to be disrupted this holiday season, so more and more consumers are starting early. One option is to use a cross-border delivery 3PL provider. The key is to make sure all the costs are transparent up front during the purchasing process. The Holiday Season.
As reported by the Wall Street Journal : United Parcel Service Inc. The company said on Wednesday “that soaring online purchases have caused delays in its distribution network,” according to Reuters. The post This Week in Logistics News (December 4-8, 2017) appeared first on Talking Logistics with Adrian Gonzalez.
This involves the combination of data capture, analytic and dashboarding tools to make decisions easier. As a result, companies can realize better control of transportation networks and eliminate redundancies without risking a loss of product availability, while still cutting costs and boosting the bottom line. Why Work With a 3PL?
Cloud Logistics’ Second Zero Downtime Release of 2017 Marks Continued Rapid Pace of Innovation. Software vendors and those involved in the purchasing decision have always viewed “function” as more important than “form.” Chinese Online Retailer JD.com Is Developing Heavy-Duty Delivery Drones (WSJ – sub. I also wrote….
The free report is available in PDF with supporting spreadsheets and high-resolution infographics here. Other sources reported that DB Schenker was not the only forwarder making this shift. Maersk 2019 Annual Report. According to the site, it has serviced over 2,300 customers across 5,473 shipments since being founded in 2017.
Over the past 30 years, the 3PL industry has gone through tremendous transformation. The shifts in manufacturing and retail business models, enhanced delivery models, such as last mile and click and collect, along with the innovative advances in technologies, have created significant opportunities for 3PL companies.
The real-time freight visibility space was particularly hot in 2017, with two major acquisitions announced last year, including Descartes’s acquisition of MacroPoint in August 2017. Not only are you reducing the cost of purchasing transportation, you’re also [making fewer phone calls and using less labor] to find the truck you need.”.
Growing e-commerce fulfillment demands and costs have collided to bring about an uptick in average 3PL fulfillment prices within the outsourced fulfillment industry, as was evidenced by FulfillmentCompanies.net’s annual poll of 500+ warehouses across the US. 3PL Fulfillment Prices & The Cost to do Business are Rising.
Dun & Bradstreet studies suggest that Turkish growth will slow down over the period of 2013-2017. The Purchase Managers’ Index in October 2013 was 53.3, The oil price fluctuations are heavily impacting logistics costs in Turkey. The year 2013 shows a 2.7% down slightly from September’s eight-month high of 54.
By 2017, e-commerce will generate $370 billion in the U.S., and the compounded annual growth rate is expected to stay at or above 10 percent over the next half-decade, reports William B. Consumers are also looking to business for benefits in every purchase. Is there a shipping cost? Cassidy of JOC.com.
Inventory analytics goes mainstream. Accurately plotting costs based on live data. Improving efficiencies with data analytics. Connect IoT tech to your cloud software to input critical real-time data to analytics and other business systems. Indeed, the 3PL industry is projected to grow at a CAGR of 7.1%
This is simply human nature in business, but, as explained by Steve Banker of Logistics Viewpoints , today's TMS models are enabling shippers to combine the traditional benefits of a 3PL with the transportation management system benefits through cloud-based solutions. We call this a hybrid managed transportation model.
A new report from the industry association E-commerce Europe found that there was a 15% growth in 2016 and the industry is predicted to be worth €602 billion by the end of 2017. That would represent a further 14% year-over-year growth.” ( Whistl, 2017). Delivery Speed and Accuracy Falling Below Acceptable Levels.
Over the past 30 years, the 3PL industry has gone through tremendous transformation. The shifts in manufacturing and retail business models, enhanced delivery models, such as last mile and click and collect, along with the innovative advances in technologies, have created significant opportunities for 3PL companies.
It has been forecasted that by 2040, approximately 95% of all purchases will be facilitated by ecommerce. This was 46% more than in 2017. Such unicorn ecommerce brands have acquisition costs that are too high and thus are not profitable. Product sourcing is the process of purchasing or creating products that you can sell.
Bloomberg reports that U.S. On Wednesday, Target announced an agreement to purchase grocery delivery startup Shipt , with plans to use the acquisition to roll out same-day delivery to some 900 stores by summer 2018. This week: U.S. Retail Sales Jump More Than Forecast. Holiday Hiring in Flux as Shoppers’ Habits Shift.
According to a report in Re/code: The trailers won’t be used to deliver packages to customer doors. Setting technology specifications detailing performance and design requirements for ELDs so that manufacturers are able to produce compliant devices and systems – and purchasers are enabled to make informed decisions.
especially procurement and logistics?—?in It was reported in mid-June by Zion Market Research that global “blockchain technology in supply chain management marke t was valued at around USD 40.99 million in 2017 and is expected to reach approximately USD 666.61 million in 2017 and is expected to reach approximately USD 666.61
Right now, we are seeing a shift away from the big box brand purchasing that defined the spring of 2020 to food trends more in line with what we have seen over the past several years. plant-based and cell-based meat companies in the past 10 years — $13 billion of it in 2017 and 2018.” COVID-19 Purchasing Patterns Here to Stay .
purchasing/procurement manager with a manufacturer of building equipment with 21-25 years of experience, living in the South Atlantic region and earning $36,00. sales/business development manager with a 3PL with 26-30 years of experience, living in the South Central region and earning $75,000. Minority Report.
The technologies and business models supporting these platforms are also being applied to logistics and supply chain management, especially across activities such as warehousing, transportation, and shipping—with astonishing success. Why Businesses, Large and Small, Think it’s Fair to Share. million (AUD), up from $11.4 million in FY17.
According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 Rising costs mean that companies must continue to innovate and implement strategies that can help reduce logistics costs and boost the bottom line. Outsourcing internal operations (3PL).
E-commerce drives growth in warehouses & DCs According to Walker Sands’ The Future of Retail 2019: The Paradox Between Convenience and Connection , consumers are increasingly comfortable shopping online, with 46% saying they’re more open to purchasing big-ticket items such as a car or grill online than they were a year ago.
In order to meet the unprecedented demand for the holiday shopping season for online and brick-and-mortar stores, where sales grew at least 20 percent over 2017, explains Business Wire , requires unmatched WMS efficiency. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. The average U.S. Download WhitePaper.
In order to meet the unprecedented demand for the holiday shopping season for online and brick-and-mortar stores, where sales grew at least 20 percent over 2017, explains Business Wire , requires unmatched WMS efficiency. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. The average U.S. Download WhitePaper.
2017: A growth year for volume. Market analysts such as ACT Research offers analysis that helps market participants understand new orders, purchases, and their timing. Slightly below the 10-year average and well below correction years like 2017 when around 23,000 trucks were exported. As a result, oversupplied.
Combined with the customer expectation of purchases arriving on their doorstep, literally tomorrow , there’s an inarguable case for the importance of partnerships in retail. 2017 saw a striking increase in legacy retailer partnerships and acquisitions with more to come in 2018. Contract with a 3PL to establish new fulfillment centers.
E-Commerce providers and 3PLs are under increasing pressure to match Amazon’s speed, cost efficiencies, and accuracy. A 2018 study found that 43 percent of consumers surveyed expected “much faster” delivery times, a sharp increase from 2017. Online purchases will only become more a part of everyday life.
More goods being purchased lead to more shipments to fill the orders which increase overall tonnage. The index is updated every month but experiences a one-month lag between data compilation and reporting. In April of 2020, we saw the index dip down to its lowest figure since 2017. The ATA states that 72.5%
It’s recently been reported that Amazon has now hired thousands of delivery drivers for its new holiday last-mile shipping program. Purchasing a fleet of thousands of trucks across US and Canada. In 2017, the trend continued with the testing of “Seller Flex” which is a 2-day shipping service.
According to this report, Amazon now does nearly 50% of its own last-mile deliveries. In 2017 alone, Amazon shipped 5 billion packages to Prime members. Purchases a large fleet of trucks. Amazon purchases French 3PL Colis Prive. Considers purchasing an airport in Germany. Acquires a fleet of 20 747s.
According to a United States Government Accountability Office (GAO) report issued last week: Federal legacy IT investments are becoming increasingly obsolete: many use outdated software languages and hardware parts that are unsupported. billion since 2010. They strain to support the complexity and variety of current products and services.
The trade war, started in 2017, resulted in a threatened 25 percent tariff rate on $200 billion worth of Chinese goods. Trucking Insurance Costs on the Rise. In addition to increasing pay to compete in a tight job market, carriers have had difficulty bearing increasing transportation insurance costs. Diesel Price Volatility.
Moving on to third-party logistics (3PL) news, UPS announced the purchase of Freightex , a U.K.-based and Europe and uses an asset-light model to match customers’ outgoing freight shipments with available trucking capacity in its network of carriers. . and Europe every day. The company has eight locations across the U.K.
Other examples: The United States Postal Service (USPS) published a report in May titled Blockchain Technology: Possibilities for the U.S. Postal Service , with supply chain management as one of the focus areas; in October, as reported by Reuters, “IBM, U.S. What will happen in 2017? Will prices continue to increase in 2017?
2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. By understanding how the industry will evolve throughout 2017, you can prepare your organization for the challenges and opportunities that will come.
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