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In the ever-evolving supplychain industry, transportation spend optimization – or TSO – has assumed greater significance. The need to blend operational efficiency with sustainability and fiscal prudence has organizations exploring innovative ways to help ‘future-proof’ transportation spending challenges.
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.
The global supplychain 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 freighttransportation. More and more large U.S.
Mike Hane, Director, Product Marketing, TMS at Descartes Does your company view transportation as a competitive weapon? The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.” For example, Competitive Weapon companies are 3.4
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).
Part of the challenge in managing the modern supply-chain is due to its sheer size and complexity. Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. Defining Transportation Optimization. How Managed Transportation Enables Ongoing Optimization Across Your Network.
Supplychain disruptions have brought about an age of innovation. From a transportation standpoint, this has included major technological advancements. In my presentation, I highlighted five key transportation trends that are changing supplychains from a technology standpoint. The Network Effect.
Mike Hane, Director, Product Marketing, TMS at Descartes Does your company view transportation as a competitive weapon? The report categorized survey respondents in terms of how they see transportation: either as a “Competitive Weapon” or “Not Important.” For example, Competitive Weapon companies are 3.4
Note: Today’s post is part of our “Editor’s Pick” series where we highlight posts published by our sponsors that provide practical knowledge and advice on timely and important supplychain and logistics topics.
DSV is one of the biggest names in transport and logistics, operating in over 90 countries with a global network of over 75,000 employees. Supporting inbound freight management, outbound flows, domestic distribution, and storage and value-added services would require all three of DSV’s multi-national business units to participate.
Most supplychain suppliers have solutions that are very similar to each other. The vocabulary used in transportation can be confusing. Shippers” are companies that have goods that need to be transported. Carriers move shippers’ freight. Because of this, it is feasible for Emerge to provide freight analytics.
Ken Adamo and Joe Lynch discuss a trillion dollars in freight transactions. Ken is the Chief of Analytics at DAT Freight & Analytics. DAT operates the largest truckload freight marketplace in North America. About Ken Adamo Ken Adamo serves as the Chief of Analytics at DAT Freight & Analytics.
Problems with the global supplychain are not new, but they are somewhat unprecedented at the level they have climbed to in 2020. The supplychain coronavirus issues have pushed the supplychain — and many suppliers — to their breaking point. With.read More.
Editor’s Note: This is a guest article from Laura Jelen with negotiations.com who discusses some useful tips on how companies can negotiate freight rates a bit better. Shipping costs are a significant part of the supplychain expense.
Cloud-based transportation management offers a variety of benefits for businesses that operate in the global supplychain. But there are times when it becomes necessary to outsource the entire process thoroughly, which many refer to as transportation as a service.
Benchmarking helps ensure they are getting the most out of their supplychain and also provides a platform for further optimization. This allows shippers to gain insight into how their supplychain compares to others in terms of cost-efficiency, speed, and reliability. Currently residing in Mesa, Arizona.
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. Background on Ocean Transport. The supplychain can handle cost increases more easily than variability.
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.
The supplychain is evolving, and the standards used for managed logistics transportation services today are more data- and technology-driven than those of the past. Shippers should consider the following as indicators for when to add an outsourced managed logistics transportation services provider.
Note: Today’s post is part of our “Editor’s Pick” series where we highlight posts published by our sponsors that provide practical knowledge and advice on timely and important supplychain and logistics topics. After three.
When it comes to managing your freight spend, there are a few options to consider. The three traditional methods are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS). Look to the Cloud. Invest in Last Mile. Turn to Machine Learning.
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. Yes, we have achieved greater normalcy in transportation.
As supplychains become more impacted by market disruptions and unpredictable events, they’re also becoming more critical to a company’s customer experience levels and bottom line. Why Monitor Transportation Metrics. Why Monitor Transportation Metrics. Actionable data is one of the most critical business drivers.
We spoke with CTSI-Global to learn more about their approach to transportation management and the solutions they provide for businesses navigating the complexities of supplychain operations. With a global footprint, CTSI-Global manages $30 billion in freight annually and employs 500 staff across multiple countries.
Ryan Schreiber and Joe Lynch discuss navigating the roller coaster freight market. Ryan is the Vice President, Industry and Growth, at Metafora , the leading business consulting and software development firm that exclusively serves the Transportation, Logistics and SupplyChain space. Welcome to the new way forward.
Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supplychain topics. Chris is a Senior Research Scientist at MIT and serves as the Executive Director of the MIT Center for Transportation & Logistics (CTL). He received a Ph.D.
That’s the question that continues to bedevil the global supplychain industry. As I detailed in a recent column , the answer to constant supplychain volatility is pervasive real-time visibility into the precise location, temperature or status of a shipment — at any point along the journey. Where’s my shipment? .
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.
When it comes to TMS and digital freight, there is a lot of interest. As the supplychain world continues down its digital transformation path, digital brokers can play an integral role in easing capacity constraints, opening up new lanes, and providing a benchmarking tool for shippers.
Andy Tomka and Joe Lynch discuss freight-tech for SMB brokers. About Andy Tomka Andy Tomka is the Vice President of Product at MVMNT, a freight-tech company that build transportation managemt systems (TMS) for SMB freight brokers. Andy is a graduate of Iowa State University’s SupplyChain Management program.
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. Rising Complexity. What To Do?
Supplychains have experienced significant disruptions in the first half of 2022, from a global pandemic to wars, rising fuel costs, and a potential recession. Shippers, despite all obstacles, are expected to reduce freight spending, drive efficiency, and improve customer service every year with incremental improvements year-over-year.
Supplychain sustainability has become a very hot topic, but for a lot of people, there is uncertainty around its meaning. There are three responses in this question that address supplychain sustainability: align with our goals, mission, and values; meet consumers expectations; and increase profitability.
The logistics and supplychain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden.
Earlier this month, an executive in our Indago supplychain research community submitted the following question: “We see the future of transport moving toward electric and autonomous vehicles.
Mark Vickers and Joe Lynch discuss Mexico transportation risk. About Mark Vickers Mark Vickers is a leading expert in domestic and cross border transportation risk management and insurance. Mark spent over 7 years in leadership with the second largest freight brokerage in North America, Total Quality Logistics.
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.
Mr. Ryan provided the best, most succinct explanation of the supplychain crises I have seen. You can browse headlines on any business news site and see the word supplychain and logistics more than you would have seen before. So, there was supplychain disruption. These are headline issues.
Oracle Fursion Cloud Transportation Management offers a solution that allows transportation planners to see estimated emissions – carbon dioxide, nitrous oxides, and particulate matter – before a trip is executed. Transportation is, of course, a major source of green house emissions. That is more than any other sector.
When looking at over the road transportation, there are first mile, middle mile, and last mile deliveries. First mile is a trip to a local or regional transportation or distribution hub. percent of the nation’s freight by weight. And just how much is that freight weight? The ATA estimates that 11.46 There were 13.86
The pandemic highlighted the complexities of the modern supplychain and the need for companies to engage with a 3PL provider to succeed. Below are some of the critical characteristics to look for in a Logistics Service Provider partner to transform your supplychain. SupplyChain Solutions. 3PL vs. 4PL.
Robert Bain and Joe Lynch discuss the 3 pillars of freight operations. He has been a leader in the freight tech movement with companies like Uber Freight, Shipwell, and CDL 1000, and his passion is combining great solutions with exceptional people to service clients. The Greenscreens.ai
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.
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.
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