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Flexport – a logistics service provider whose services include order management, delivery, trade financing, insurance, freight forwarding, and customs brokerage – raised $260 million on an uncapped convertible note from Shopify. They also invested in manufacturing software firms like Plex, Oslo, and AVATA.
I do this to point out the sheer analogy between such a goal – which in the commentator’s words “ oozes class ” – and the freight management/logistics management industry. Here are five soccer analogies that will help you succeed in the freight management/logistics management industry: 1. for our customers.
As manufacturers and retailers rush to get their products delivered to stores, consumers homes and offices, third-party drop points, micro-fulfillment centers and other destinations, shipping delays are inevitable in this complex landscape. Lost freight Even when everything seems to be going well, sometimes shipments just get misplaced.
Stabilization in the freight/trucking and warehousing market is a big boon for the logistics industry. Logistics service providers (LSPs), carriers and freight forwarders are aggressively continuing their investments in technology infrastructure. Speak to one of our Industry Strategy leaders today! Reach out at blueyonder.com.
Can we use premium freight? And then in the tactical short-term horizon, how they get better visibility so that if a shipment is delayed, the sooner they know, the more options they have to look at as alternate sources or to expedite freight. Can we get the supplies from an alternate source? Can we expedite?
As one example, manufacturers may find it easier, and more profitable, to focus on their core competency of making products — turning over the storage, transportation and distribution of those products to an expert logistics provider like DSV, the fourth largest 4PL in the world. Large-Scale Operations Deliver Big Customer Benefits.
ThroughPut harnesses powerful AI that identifies how you can achieve the highest service levels, with the lowest feasible inventory levels, all while simultaneously defining the lowest landed cost and the most optimal cash conversion schedule for your supply chain whether measured holistically, by line of business, manufacturing site, or by SKU.
They include: Global electronics manufacturer TE Connectivity , which uses an 18-month rolling forecast to drive sales and operations planning, gaining a granular view of demand and improving inventory turns, customer service, agility and forecast accuracy.
As an example, the Transportation Manager at Kimberly-Clark discussed the results their company has achieved with Blue Yonder: “Blue Yonder transportation management immediately began generating up to $14 million a year in freight cost reductions in North America compared to our previous manual methods.
But even though the value of visibility has been discussed for over 20 years and most companies have gotten much better at visibility internally, perhaps extending outward to the first layer beyond their enterprise, the report shows only 60% of manufacturers and retailers say they currently have end-to-end supply chain visibility.
It is important to note LSPs run a supply chain differently as compared to a retailer and a manufacturer. For example, freight forwarders are extending their service offerings to include e-commerce fulfillment. I recently joined Blue Yonder at the beginning of this year, focusing on the logistics service providers’ (LSP) space.
Automotive logistics has been very complex, involving multiple modes on the inbound side to the original equipment manufacturers (OEMs) and multi-tier parts distribution center (PDC) product distribution centers networks when it comes to transporting aftermarket parts.
The solution has been trialed in Japan’s manufacturing sector and has successfully been used to improve supply chain efficiency. Blockchain offers the ability to track and trace goods throughout each point of the supply chain, from manufacturing to sales. Chains of Freedom.
Faced with rising costs and margin pressures, CPG manufacturers and retailers have been forced to increase prices. CPG manufacturers and national brands are responding by reducing package sizes to hide price increases from the average consumer. But, did you know it’s also having a measurable impact on store shelves as well?
manufacturing output; and how Click & Collect boosts retail sales. There are many new transportation modalities that have the potential to revolutionize the freight transportation business, especially parcel delivery. Manufacturing Output Rises. Package Delivery by Rocket.
In this Part 2 blog post, we will continue to explore how automotive manufacturers are carrying out effective supply chain initiatives and their innovative solutions. In the Part 1 blog post last week, we addressed key imperatives and attained benefits. Please do not underestimate the importance of master data.
This week: Amazon brings select cities free 2-hour Prime deliveries from Whole Foods; Elon Musk expects a Tesla to drive coast-to-coast in 2018; CVS Health ups its starting hourly minimum wage; freight brokers are seeing a surge in profits; and companies are working to find ways to ensure AI technology helps their business instead of hurting it.
How can the world’s consumer products, food & beverage, and apparel manufacturers — along with their retail and logistics partners — hope to meet this enormous international demand, while still making a profit, in today’s volatile business and economic landscape?
TMS adoption is growing rapidly for manufacturers, retailers and logistics service providers (3PLs, 4PLs and 5PLs) — as well as the carriers they partner with. For example, a network-modeling engine might physically move products closer to actual demand to reduce freight costs and CO 2 emissions, while also improving delivery speed.
It allows organizations to develop proactive risk mitigation plans to lower premium freight. They can get the items through an alternate supplier, they can expedite shipments, or they can attempt premium freight. Would this disruptive event cause a low stock or stock out situation?
One of the factors in that evaluation would also be the freight costs you incurred for that container and any additional costs if you are expediting another shipment. If you were to check the freight invoice, you probably paid four times the cost of the container as compared to last year! Peaking Rates. Chart Source: Freightwaves).
This week: More brands are taking their sales pitch direct to consumers; HP is transforming supply and manufacturing using 3D technology; new Old Navy stores show retail is far from dying; a shortage of truck drivers is raising prices; and IBM is using blockchain tech to help fight unethical practices in sourcing jewelry and precious metals.
Already running lean operations, factories will struggle to manufacture new goods. Many companies resorting to air shipments aren’t finding this an easier path as air freight is already capacity constrained. One CPG manufacturer said that in their experience, air freight can take up to 30 days with high costs.
Manufacturers have lived in an Omni-channel world for some time. Omni-channel is really not a new thing for a manufacturer. In continuing the discussion from the first blog post , in this post we focus on the manufacturer with an emphasis on B2B markets. (We So for manufacturers, it’s really an Omni-everything world.
Consumer products manufacturers are learning the practical benefits of forming tighter connections via digitalization. labor shortages, and the highest spot-rate freight charges in years. Real-time connectivity and rapid-response times are also mission critical for fresh-foods CPG manufacturers. supply chain disruptions?,
The automotive industry is a complex ecosystem comprised of dealers, original equipment manufacturers (OEMs), multiple tiers of suppliers, and third-party logistics providers (3PLs). Sensing and predicting disruptions as early as possible will allow organizations to develop proactive risk mitigation strategies and lower premium freight.
manufacturing output; and how Click & Collect boosts retail sales. There are many new transportation modalities that have the potential to revolutionize the freight transportation business, especially parcel delivery. Manufacturing Output Rises. Package Delivery by Rocket.
This week: Amazon brings select cities free 2-hour Prime deliveries from Whole Foods; Elon Musk expects a Tesla to drive coast-to-coast in 2018; CVS Health ups its starting hourly minimum wage; freight brokers are seeing a surge in profits; and companies are working to find ways to ensure AI technology helps their business instead of hurting it.
The solution has been trialed in Japan’s manufacturing sector and has successfully been used to improve supply chain efficiency. Blockchain offers the ability to track and trace goods throughout each point of the supply chain, from manufacturing to sales. Chains of Freedom.
This week: More brands are taking their sales pitch direct to consumers; HP is transforming supply and manufacturing using 3D technology; new Old Navy stores show retail is far from dying; a shortage of truck drivers is raising prices; and IBM is using blockchain tech to help fight unethical practices in sourcing jewelry and precious metals.
This week: A hot freight market has spurred hiring by trucking companies; Nordstrom invests in personalization technology; Walmart expands its grocery delivery service; growth in e-commerce increases demand for fast payments; and some employees say Union Pacific’s use of drones in railyards raises questions about safety.
Then road feeder services supported by strategically chosen or built distribution centers, warehouses and regional air freight from these main ports to other destinations can be planned. For instance, main ports in Africa – such as Kenya, South Africa or Nigeria – can be identified as the primary points for embarkation and disembarkation.
This week: A hot freight market has spurred hiring by trucking companies; Nordstrom invests in personalization technology; Walmart expands its grocery delivery service; growth in e-commerce increases demand for fast payments; and some employees say Union Pacific’s use of drones in railyards raises questions about safety.
its transportation management and how well it continually procures, plans, executes and monitors freight. Today, a company’s success is largely driven by: its network design and how that company manages its supply, production and distribution locations. Let’s take a closer look at each of these key areas. Network design.
Transport costs are soaring to ridiculous levels, especially for those shippers that did not have an organized procurement strategy for freight movement. Several shippers in recent months have cited they were now paying as much as $15,000-$20,000 per 40 high cube containers from APAC, that previously had an average cost between $1,000-1,500.
We have seen Texas freeze, which impacted all industries from petrochemicals to semiconductors to car manufacturing. We are experiencing labor shortages in almost all industries, whether it is retail, manufacturing, or logistics. We have seen massive hurricanes.
of companies that participated in a recent survey by the National Association of Manufacturers. And the country’s recent heatwave caused factories to shutdown potentially resulting in more impacts on the supply chain than COVID-19 lockdowns. In addition, steadily rising raw materials costs are a significant concern for 85.7%
Near-complete visibility into constraints that could impact their supply chain execution, as well as near-complete visibility into global freight moves, were only indicated by 6 percent of respondents. 15 percent believe their organization has achieved near-complete visibility into manufacturing activity/production levels.
Near-complete visibility into constraints that could impact their supply chain execution, as well as near-complete visibility into global freight moves, were only indicated by 6 percent of respondents. 15 percent believe their organization has achieved near-complete visibility into manufacturing activity/production levels.
As vehicles become more connected, autonomous, electric, and customizable, automotive manufacturers are increasingly evolving into technology companies. Unlike traditional manufacturers, technology companies operate with greater agility and responsiveness. As we heard at the conference, the vehicle logistics industry is responding.
In their 2021 State of Supply Chain Execution Report, as mentioned in part 1, Blue Yonder and Reuters Events found that 63% of retailers and manufacturers have been affected by the availability of labor over the past year. Continued labor shortage and lack of legislation are leading to overworked labor and high turnover. According to the U.S.
As the size and scale of their worldwide supply chains increase, many manufacturers, retailers and distributors are finding themselves constrained by shortfalls in resources, capacity and specialized knowledge. As freight carrier rates and fuel prices rise, and competition for customers heats up, their margins are shrinking.
Their answers can help manufacturers choose a top-tier 4PL supplier, but they can also help smaller 4PLs see the path forward. As the 4PL market grows, more companies are entering this challenging field. I asked Bose and Ryan about the key success factors for 4PLs. What capabilities will distinguish the leaders as this industry matures?
They’ve been able to significantly expand their business, as manufacturers and retailers are increasingly outsourcing their logistics tasks — and counting on LSPs to master the complicated business of distributing and transporting their products.
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