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Last year, many in the supplychain technology industry were warning companies all over the globe to prepare for the unknown. There is optimism around the corner, but a sunny outlook isn’t enough; it’s past time for supplychain leaders to transform their supplychains to become more agile.
My last post on the SupplyChain Shaman blog was forty-five days ago. Then it was the redefinition of the supplychain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. As we moved into our new roles, for all supplychains, demand shifted. Time to Know.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. Over the past three years, supplychain cycles shifted.
I seethed as the news stations celebrated supplychain success for the December holidays. The health of the supplychain underpins our economy. When the supplychain is sick, all industries suffer. The supplychain can handle cost increases more easily than variability. Freight Rates 2019-2021.
Speaker: Adam Robinson, Director of Marketing, Cerasis
We’ll address how automation in the supplychain will provide employees with the following: More Strategic Procurement. Improved Supplier/Vendor Management (Automated buying on an e-commerce website for repeat orders, automated freight pickups for inbound delivery, automated tracking alerts).
The manufacturing industry has a strong heritage of adopting game-changing technologies to deliver higher quality products more efficiently. With the introduction of digital supplychains, the industry is moving into an era arguably on par with the industrial revolution. But how do you get there before the competition?
In April 2024, we asked members of our Indago supplychain research community — who are all supplychain and logistics executives from manufacturing, retail, and distribution companies — if they had experienced cargo theft or other types of freight fraud in the past year.
For the first in seven years, I was not heads-down preparing for The SupplyChain Insights Global Summit. Pre-pandemic only 30% of supplychain leaders were satisfied with their supplychains, and during the pandemic, business leader satisfaction is falling precipitously. Supply is the challenge.
In today’s interconnected global economy, sustainability within supplychains and logistics has become a necessity rather than an option. For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supplychain strategies is essential.
The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supplychains. are expected to rise by $3,000 to $12,000 per car, forcing manufacturers to either pass costs to consumers or cut production.
The Covid-19 pandemic tested the global supplychain. Like riding a bumpy road, the supplychain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supplychain leaders, I share lessons learned. It will not be over soon.
In a survey we conducted in October 2020, 91% of our Indago supplychain research community members, who are all supplychain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
Jack Fiedler, the vice president for digital transformation of the global supplychain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supplychains. The high-tech firm is more than a manufacturer of PCs, tablets, smartphones, and servers.
Kearney research shows that the more companies invest, the bigger the average ROI Investments in supplychain firms and technologies represent 15-20% of total venture capital investments, according to a recent report by the management consulting firm Kearney. More than 150 supplychain startups have been acquired in the last two years.
ARC has done research and writing on supplychain collaboration networks. A supplychain collaboration network (SCCN) is a key technology for improved collaboration across an extended supplychain. SCCN solutions provide supplychain visibility and analytics across an extended supplychain.
Today’s supplychains are becoming more complex and dynamic. While the automotive industry is proactive in developing strategies to optimize manufacturing processes, many important aspects are siloed, especially one crucial element: The container, which plays an important role in ensuring seamless logistic processes.
Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supplychain insights and advice. Today’s article is from Blume Global and highlights why air freight forwarders must help industry increase air cargo visibility. To read the full article, click HERE.
The manufacturing industry faces many challenges, such as a skilled labor shortage, supplychain instability, and inventory management issues. GlobalTranz works with manufacturing shippers every day to move their goods and streamline their logistics strategies. 5 Challenges Facing SupplyChain Managers in Manufacturing.
Any discussion on supplychain risk management and applying managed transportation to help prevent risks from coming to fruition is incomplete without touching on the pandemic to overcome supplychain disruption. A rapid change in demand for PPE also led to significant supply disruptions.
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supplychain goals. The freight market is mercurial. One master of freight procurement is Kyle Masters.
Ron Crabtree and Joe Lynch discuss SupplyChain 2030. Summary: SupplyChain 2030 In this podcast, Joe Lynch and Ron Crabtree delve into the critical challenges and trends shaping the future of the supplychain industry. They’ll diagnose your problems and get you back on track, fast.
Richard Perry and Joe Lynch and discuss the importance of freight bill audit. Richard is Vice President of Strategic Accounts at Intelligent Audit , a cutting-edge logistics and supplychain technology company, dedicated to revolutionizing how businesses manage their shipping and transportation processes.
Supplychain disruptions are continuing to occur for a variety of reasons. Weather delays can affect shipping lanes, manufacturers face product shortages, demand continues to spike for certain products, containers are difficult to acquire, and the trucking industry faces a driver and capacity shortage, just to name a few.
In the ever-evolving supplychain industry, transportation spend optimization – or TSO – has assumed greater significance. Globalization has expanded supplychains; the result is increased complexity and transportation costs. The benefit of these practices is also sustainability throughout the supplychain.
Steve Elwell and Joe Lynch discuss freight recession: opportunity or threat. Steve has lead multiple technology, manufacturing, and start-up businesses as CEO, COO, and President. Steve is the Founder and Managing Director of iDev Partners a boutique leadership, business strategy and turnaround consulting firm.
At the close of 2019, Jennifer Van Cise via Industry Week reported on the steep challenges faced in manufacturing and downstream supplychains. The post [WHITE PAPER] How to Build the Business Case for Integrated SupplyChain Systems appeared first on Transportation Management Company | Cerasis.
Technology can have a significant impact on supplychains, but supplychain digitization still lags behind digitization of other areas of business across many industries. Still, there are several technologies that are transforming supplychains for the organizations that adopt them.
5 Megatrends Shaping SupplyChain Innovations. In these times of global turmoil, there are five (5) important megatrends shaping supplychain innovations in the coming years, namely in e-fulfillment, sourcing, food and agriculture, labour intensive operations, and halal supplychain management.
Disruption has been the name of the game for more than a year as supplychain 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 supplychain volatility.
Headquartered in Germany, Ocean Insights is a leading ocean supplychain visibility and market intelligence provider that supplies real-time tracking data and market analysis to large shippers from a broad range of industries, including automotive, manufacturing, food & beverage, commodity trading, chemical and freight forwarding.
The Future Of The SupplyChain Starts With Sustainability. To say the last two years have been difficult for the supplychain industry is a significant understatement. The Importance of SupplyChain Sustainability for 2022 and Beyond. In 2022, many companies will be looking to localize their supplychains.
Amongst the issues faced by both businesses and consumers in 2021, supplychain shortages – and the resulting challenges – held strong in the headlines throughout the year. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges. Five Lessons Learned Overcoming 2021’s SupplyChain Challenges.
Freight management is crucial for companies around the globe. Effective freight management reduces delays for consumers, helps companies offer Amazonesque shipping benefits and much more. How To Determine Freight Class: Density Calculator & Printable Resource. agriculture industry. DOWNLOAD THE FREE RESOURCE HERE.
Digital megatrends – Shaping SupplyChain Innovation. Confronted by supplychain disruptions, companies were mired in deep uncertainty in 2021. According to a McKinsey report, supplychain disruptions cost the average organisation 45 per cent of a year’s profit over a decade.
Singapore 12th August 2021: Recognising the heightened focus on overall supplychain performance due to increased disruption and challenges, shippers, manufacturers and beneficial cargo owners (BCO’s), are increasingly faced with soaring freights rates and what they, correctly or otherwise, perceive to be sub-standard or inferior service.
I interviewed John Sobeck, Vice President Material Management Services and SupplyChain 4.0 at the ZF Group, about their digital supplychain transformation journey. ZF offers product and software solutions for established vehicle manufacturers and newly emerging transport and mobility service providers.
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? It worked. .
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? Was it profiteering? And it can be fixed.
China fully shutdown its manufacturing output during this phase affecting consumers globally. Huge demand supply issues breaking the ever-so-fragile supplychain globally. Manufacturing Planning. Business and supplychain leaders need to revisit and restructure their end-to-end supplychains.
Over the year, COVID-19 introduced even greater complexity into the already difficult work of supplychain planning–and changed supplychain from a practitioner-focused topic to everyday dinner table conversation. Digital supplychain transformation will accelerate.
Supplychain is once again front-page news in the general business media. Meanwhile, supply shortages and price inflation are getting the front page in consumer-focused publications and plenty of airtime on televised news. I believe there are many reasons for the current supply shortages and supplychain disruptions.
But SHIFEX, the freight forwarder rate index, recently recorded the lowest ocean freight rate between China and the port of Long Beach in 24 months —a rate of $3,500 to move a 40-foot container. inflation rate will go down by itself, because the cause is mostly caused by supplychain issues?
Driving Sustainable Growth Through SupplyChain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great SupplyChain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
I have long argued that companies need to expand their definition of supplychain visibility. End-to-end supplychain visibility also involves, for example: Knowing where the manufacturing/production facilities of your suppliers (and their suppliers) are physically located, and which parts or materials are.
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