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Businesses are responding with production shifts, supply chain diversification, inventory stockpiling, and trade route adjustments in efforts to lessen the financial burden and avoid long-term instability. Retailers and e-commerce giants like Amazon are stockpiling key inventory, preparing for potential further trade restrictions.
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. The Greenscreens.ai
Leading organizations are building supply chains that are less exposed to single points of failure, more informed by real-time data, and more able to adjust sourcing, inventory, and routing based on current conditions. The Shift Toward Resilience The strategic conversation is beginning to shift. These adjustments are not theoretical.
Similarly, shifting freight from road to rail or waterways offers lower-emission alternatives for long-haul transport. Technologies such as artificial intelligence, IoT, and predictive analytics enable smarter inventory management, real-time tracking, and predictive maintenance, reducing waste and costs.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Key strategies include: Electrification of Transport: The use of electric vehicles (EVs) for freight and last-mile delivery reduces emissions and operational costs.
Demand Forecasting: Algorithms improve procurement planning by integrating live inputs like point-of-sale data, promotions, inventory levels, seasonality, and even weather data. AI systems help logistics teams manage fleet routing, freight planning, and vendor performance with greater precision.
OTR freight represents a long-standing aspect of supply chain operations and transportation management. Th is blog post covers the critical ways strategic partnerships can help supply chain managers achieve optimal OTR management for their freight. Carrier Vetting for OTR Freight . Remote Tendering and Shipment Execution .
And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing $4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Was it profiteering?
The leading inbound freight trends for 2020 reveal a stronger push to improve inbound logistics efficiency and lower barriers to inventory management stress. The post Inbound Freight Trends for 2020: A Commitment to Improving Vendor Relations appeared first on Transportation Management Company | Cerasis.
And the lack of demand visibility is a big contributor to China-US ocean freight rates doubling to the West Coast since June, and passing USD4,000/FEU to the East Coast – which was surprising as most analysts thought that rates and profits would freefall. Is ocean freight pricing broken? Are Ocean Freight Prices Absolutely Broken?
The global supply chain is routinely beset by challenges, both large and small, but the past couple of years have delivered a string of significant logistics disruptions that have threatened to upend the tightly choreographed dance of global freight transportation. That’s starting to change. More and more large U.S. In the U.S.,
I think it’s time we started spreading the good news: when you harness demand and inventory planning to slash unnecessary expenses and improve service to customers, you also reduce waste and support sustainability. Having the right inventory in the right location brings a variety of waste-reduction benefits.
The Initial Hurdle: 2021’ Freight Fiasco During the COVID-19 pandemic, Conor from Fort Toys , like many other entrepreneurs, found himself dealing with skyrocketing demand… and skyrocketing freight costs. The inventory trend that emerged from ShipBob’s data seems to be extending into 2023. The key takeaway?
However, as air freight rates climb and capacity tightens and questions regarding the future of US de minimis, interest in ocean freight services is on the rise. Indeed, over the past couple of years, online platforms have introduced ocean freight services that target SMBs. fulfillment center network.
It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Master supply chain forecasting for intermittent demand As consumers demand an increasing variety of product options, it results in more intermittent demand and slow-moving inventory.
It leverages historical data, competitive intelligence, and external factors to guide inventory planning and resource allocation. Master supply chain forecasting for intermittent demand As consumers demand an increasing variety of product options, it results in more intermittent demand and slow-moving inventory.
More Resources Home Red Sea Crisis and Early Peak Season Surge Disrupt Global Supply Chains for some SMBs Judah Levine July 24, 2024 Since early May, supply chains have faced significant disruptions due to congestion caused by Red Sea diversions and an early start to ocean freight’s peak season.
The sheer influx in demand, combined with the variety of supply chain stressors, also catapulted global freight to new levels of infamy (although none perhaps as famous as the Suez Canal blockage). Freight rates as a forward looking indicator of CPI. Let’s start by taking a look at global ocean freight prices.
Disruption has been the name of the game for more than a year as supply chain leaders have been dealing with changing buyer behaviors, inventory management challenges, labor shortages, weather and pandemic-related uncertainty, cyber security threats and capacity constraints that continue to create significant supply chain volatility.
Freight Rates 2019-2021. As a result, companies plug along planning based on historic lead times and freight rates which as you can imagine is doomed for failure. The need for data synchronization increases with the growth of nodes, the increase of the number of parties handling the freight, and the use of multiple modes of transport.
Walmart’s On-Time In-Full initiative is a compliance measure designed to ensure that freight arrives at a Walmart store or distribution center when it was supposed to, in the quantities expected. Uber Freight is a major provider of managed transportation services. Uber Freight is also able to track both on-time and in-full.
It goes well beyond tracking shipments, orders, inventory, and assets in motion. Read more Who Is Actually Hauling Your Freight? The post Who Is Actually Hauling Your Freight? Another Supply Chain Visibility Blind Spot). Another Supply Chain Visibility Blind Spot).
Indicator 1: It’s Difficult to Track Your Inventory From Suppliers Through Final Mile. Inventory tracking and visibility must be present from the first mile through the final mile, reflecting the entire shipment lifecycle through white glove services. Indicator 2: Freight Spend Seems to Be Spiraling Out of Control.
An efficient supply chain strategy is one that takes every aspect of your supply chain into account, from inventory management and warehouse design to freight tendering and transport optimisation. Inventory Management The key starting point is implementing proper ABC analysis, and you need to look at it from multiple angles.
Poor granularity means shippers do not know where to prioritize their fulfillment strategies, and that may be more likely to disproportionately distribute inventory. Traditional Inventory Replenishment Strategies No Longer Work. Therefore, it is easier to increase the volume of freight moving across both inbound and outbound channels.
Indicator 1: It’s Difficult to Track Your Inventory From Suppliers Through Final Mile. Inventory tracking and visibility must be present from the first mile through the final mile, reflecting the entire shipment lifecycle through white glove services. Indicator 2: Freight Spend Seems to Be Spiraling Out of Control.
North American Transborder Freight up 23.8% The more cautious outlook is driven by wage and inflationary pressures, as well as increased freight costs. The US Department of Transportation reported that transborder freight between the U.S. billion of freight, up 15.7% billion of freight, up 20.9% billion, up 23.8%
The implication for global freight beyond the now typical uncertainty is predictably elevated operational costs and soaring freight rates. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.
The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. To thrive in this ever-evolving landscape, shippers must embrace a flexible and responsive approach.
WFS is a third-party marketplace for sellers initially rolled out in 2020 to boost revenue through existing e-commerce infrastructure, which has since added an inventory-focused offering to the platform. according to the Walmart Marketplace website. Cargo imported into the U.S. are then directly transported to a Walmart fulfillment center.
Amidst ongoing uncertainty caused by COVID-19 lockdowns in Asia, war in Europe, scarce raw materials and steep inflation, companies are stockpiling inventory as never before in the hopes of mitigating future supply chain shocks. As soon as inventory hits the yard, it gets lost in a shuffle of trailers.
The benefit is that it does not matter where an order originates; all fulfillment channels have access to the information and the retailer can appropriately allocate the inventory depending on stock levels, demand requirements, and timing of fulfillment. Planning and execution is focused on freight moves involving a carrier.
Lower inventory costs: Increasing the accuracy of transportation lead times will reduce safety stock levels and warehousing costs by eliminating unnecessary inventory that’s used as a hedge against transportation uncertainty. Companies are able to allocate resources more efficiently.
Of course, more data amounts to increased visibility and, therefore, actionability to prevent disruptions from contributing to higher freight spend. truck border crossing times), inventory levels, demand forecasts, and capacity constraints, both internally (e.g., This will require integrating logistics market information (e.g.,
IT hardware is non-standard freight, meaning it is difficult to move due to its size and sensitivity. They achieved significant carbon reductions in their cloud supply chain by creating a model that looked at the forward positioning of inventory, freight consolidation opportunities, and where to build the distribution centers.
Today’s digital networks enable continuous real-time optimization where demand signals update instantly across all nodes, inventory positions adjust dynamically, and transportation and warehouse plans reconfigure automatically in response to changing conditions. Second, visibility is expanding from enterprise-centric to ecosystem-wide.
This new system of inventory management will go into effect on March 1, and will replace weekly restock limits that Amazon used for calculating FBA storage. Directors at Amazon agencies and accelerators said that these new changes will help sellers forecast inventory better. This could be a slow, messy year for freight.
Verusen utilizes advanced data science and artificial intelligence to harmonize disparate material data across multiple enterprise systems to provide complex supply chains with material truth for supply and inventory planning and procurement intelligence. Greenscreens.ai’s dynamic pricing infrastructure built to grow and protect margins.
The manufacturing industry faces many challenges, such as a skilled labor shortage, supply chain instability, and inventory management issues. And moving materials and products was made difficult, especially at the start of the pandemic, due to closed borders, limited air freight, and driver shortages.
Marc is the Co-founder and CEO of Fishtail, a Boston based fintech company that empowers freight forwarders to finance the movement and procurement of goods – for small and medium businesses (SMBs) around the world. Marc Held and Joe Lynch discuss the Fishtail story. About Marc Held. About Fishtail. Key Takeaways: The Fishtail Story.
In response, major freight operators have recently acquired advanced battery technology firms to accelerate fleet electrification. Predictive analytics tools enabled by AI are helping organizations optimize inventory management, reduce downtime, and improve demand forecasting.
For logistics teams seeking to manage volatility and deliver more predictable, profitable results, five advanced technologies should be in their toolkits: digital control towers, warehouse task automation, warehouse robotics, dynamic price discovery and digital freight bidding. Digital Freight Bidding. to less and 0.5%.
About Transport Topics Since 1935, Transport Topics has been the news leader in trucking and freight transportation. Spot freight demand has softened, and truck capacity has loosened since the frenetic days of the 2021 freight boom. Freight brokerage giant C.H. Clevenger, currently based in Alexandria, Va.,
Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. With the right data you can reduce your overall transportation costs, both accessorial costs and overall freight spend. Closer to home for supply chain professionals, driver shortages continue to plague the industry.
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