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…crowdsourcing will have a positive jobs impact. Containerization, a system of intermodal freight transport using containers with standardized dimensions, is a good example of the job-growing potential of a disrupted industry segment. Containerization, which has made it more economical to transport goods between countries and ushered in a wave of international trade, is now a cornerstone of international trade and supports thousands of new jobs. In addition, innovation is driving two key sources of job creation in the logistics industry: Companies that innovate their business models and outsource logistics to focus on their core competencies and control costs; and innovations…
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…analytics simply as analyses that support improved design and management of the inbound value chain. But, a simple definition doesn’t mean that the analytics are simple. True supply analytics goes well beyond supply planning against an S&OP (Sales & Operations Plan) and sharing it with suppliers. As the old quote goes: “Ginger Rogers did everything Fred Astaire did, but backwards and in high heels.” So when a heel breaks on the supply side (for example, the Japanese tsunami, Thailand flooding, and so forth), bad things happen. Those “bad things” represent supply chain risk potential, which has become a subject of…
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…two “mega” freight brokers to rival 3PL domestic transportation management (DTM) market segment leader C.H. Robinson Worldwide. “With other major competitors such as Total Quality Logistics and Echo Global Logistics growing rapidly as well, this intense competition will continue to heat up,” says Armstrong. “In the end, it will mean increased operational performance levels for shippers and further consolidation within the small freight broker ranks.” While the 3.5 percent year-over-year U.S. 3PL market growth in 2013 was sluggish, mirroring the overall economy, DTM led all 3PL market segments again in 2013, according to Armstrong’s research. Gross revenues were up, as…
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…of human-machine interaction such as touch interfaces and augmented-reality systems; and improvements in transferring digital instructions to the physical world, such as advanced robotics and 3-D printing. (The four trends are not the reason for the “4.0,” however. Rather, this is the fourth major upheaval in modern manufacturing, following the lean revolution of the 1970s, the outsourcing phenomenon of the 1990s, and the automation that took off in the 2000s.) Most of these digital technologies have been brewing for some time. Some are not yet ready for application at scale. But many are now at a point where their greater…
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…U.S.,” explains Ken Allen, member of the Board of Management of Deutsche Post AG, and CEO, DHL Express. “As part of our focus on international express shipping and our commitment to continually improving customer service, we are directing our investments toward upgrading our facilities, expanding our staff and providing them with the technology they need to enhance productivity and to be more efficient.” “These investments are a clear sign of our expectations for strong growth and of our commitment to the U.S. and the Americas”Ken Allen, member of the Board of Management of Deutsche Post AG, & CEO, DHL Express…
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Supply chain management (SCM) is an evolving discipline. The art and science of managing a global supply chain has gone through a transformation in response to changes in the way companies operate as well as a more complex and interdependent business environment. Practitioners need to keep abreast of these developments and adopt the appropriate mix of leadership skills. More specifically, as the profession continues to grow beyond its physical distribution roots, supply chain managers require both broader expertise and deeper technical excellence. How to reconcile these two seemingly opposing demands is one of the most difficult leadership challenges facing SCM…
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…HP, including from sales and after-sales organizations, enterprise risk management functions, and from supplier relationship managers. Each of these groups has a regular need for visualizing and analyzing location data for a variety of purposes ranging from studying after-sales networks to risk management of the supplier base. What Is Geographic Analytics? Let us now take a closer look at what Geographic Analytics is. In simple terms, GA is the visualization of network information on a map in order to drive supply chain optimization. To get started, you map the relevant locations of the network, such as the distribution centers that…
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with a score of 0.46
…(e.g., those based on spreadsheets or in disconnected software systems) had difficulties keeping up with huge upticks in ecommerce orders, managing remote workforces, handling supply interruptions, and meeting brand new customers demands. With 2020 now firmly in the rearview mirror, the technology decisions companies made over the last 12 months are making for a less tumultuous year - despite the ongoing impacts of the pandemic - while also pushing shippers to more closely examine what the digital supply chain means to them. According to Steve Banker, vice president of supply chain management at ARC Advisory Group, much of the focus…
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…the right type of syringes and safety boxes. Waste Management - With mass inoculation comes mass waste. How will this be handled, and what will it cost? Transportation - What is the most practical, safest, and fastest way to get the vaccine to the people that need it? Cold Chain Equipment - Can transportation and storage equipment accommodate the temperature requirements of the vaccine? Training Materials - Health care workers must receive training on the handling and administration of the vaccine as well as how to recognize potential side effects. Social Mobilization - How will you inform both healthcare workers…
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with a score of 0.45
…twin is: “A virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and uses simulation, machine learning and reasoning to help decision-making.” Digital twins leverage the latest in advanced analytics and artificial intelligence technology to help organizations across all industries and verticals aggregate data from multiple sources. Organizations can then use that data to predict performance with startling accuracy and generate actionable insights that enhance business strategies. In the logistics sector, firms can use digital twins to create virtual replicas of everything, including warehouses and distribution centers, packaging and containers, individual shipments, and…
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…of logistics assets, companies must consider aspects of revenue management. Design approaches need to implicitly consider trade-offs between the ability to capture additional revenue by meeting customers’ increasing delivery expectations and the need to keep fulfillment costs under control. Third, given the highly volatile and uncertain conditions that now prevail, success in contemporary markets requires decision-making agility and speed. As a result, supply chain design must be evaluated much more frequently than before. Thus, supply chain design must become an ongoing process that involves continuous updates of the variables and methods used, rather than one-shot exercises carried out every few…
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…May 25) focuses on the flow of freight from warehouse to rack and everything in between. LTL203: LTL Freight Pricing (July 20 – August 10) will highlight pricing fundamentals and calculations, classification, packaging, and how to get the best rate for LTL freight. LTL204: U.S. LTL Transportation Laws and Regulations (September 14 – October 5) cover the rules that impact LTL freight and how to minimize legal risks. LTL205: LTL Business Analytics (November 2 - 30); is a capstone course designed to guide students from theory to real-world LTL applications with the analytics, data, and relationship-building that drive the business…
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…revealed his corporation expects to sell 18 million ninth-generation systems in the current fiscal year. Last November, the conglomerate declared its goal to move 22.6 million units during the same period. Totoki also disclosed that it only moved 11.5 million consoles in 12 months ending in March 2022, down 17.87 percent from its target. The executive attributed the negative change to China's ongoing manufacturing and logistics issues related to COVID-19. Sony launched its PlayStation 5 system in November 2020, but supply chain issues have kept it from meeting demand. The console features a custom CPU and graphics components designed by…
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…desire to improve the broader practice of supply chain management. While the list changes from year to year, there are some common characteristics that separate the best from the rest. What is the Definition of Excellence? Gartner defines excellence as demonstrating leadership toward a demand-driven ideal. Our Demand Driven Value Network (DDVN) model has seven dimensions with interrelated areas of capability in supply, demand, and product lifecycle management, all enabled by robust strategy and governance. The maturity model follows five stages of progressive maturity along each dimension and tracks corporate supply chains through a journey from reactively operating in silos…
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with a score of 0.43
…include: Estimated inventory value Package dimensions Package weight Origin warehouse(s) Destination characteristics Freight class The main takeaway is that through working with a tech-centric shipping expert, like EasyPost, you can include more data specific to your inventory than ever before. Scoping for the next best carrier partnership becomes much easier for all members involved when you can serve more information about your specific shipping needs. Activate Automation The before-mentioned issue of human error is dodged when your business starts using automated solutions for logistical preparations. Our shipping APIs continually learn with the new data received from our customers' online shoppers,…