MTS Logistics

JULY 21, 2023

According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 million per event. According to a survey by the Global Supply Chain Institute, 59% of companies reported that supply chain disruptions resulted in increased administrative work. million per incident.

Cost Reduction 66

Cost Reduction Document Expense Reduction Supply Chains 66

GlobalTranz

APRIL 13, 2021

Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Preparing your supply chain for resiliency begins with risk management and a proactive strategy. million in 2020 , with compromised employee accounts the most common cause.

Supply Chain Planning Software 82

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 82

Logistics Viewpoints

MAY 25, 2021

These disruptions, which will only get more frequent in the coming years as major weather events wreak havoc on freight transportation, have supply chain stakeholders scrambling from crisis to crisis. Glenn Jones is global vice president of product strategy and marketing for carbon-neutral supply chain technology provider Blume Global.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Software Supply Chains Inventory Reduction 192

Logistics Viewpoints

FEBRUARY 3, 2022

planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. Change can creep imperceptibly, so sometimes it takes a major event to wake us up. Increasing critical parts inventory can be a smart strategy (e.g.

Inventory Reduction 174

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 174

Logistics Viewpoints

JANUARY 26, 2021

Geopolitical events. Prior to 2020, every supply chain in the world was challenged by increasing levels of demand unpredictability and market volatility. Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts. Natural disasters.

Supply Chain Software 161

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 161

GlobalTranz

JULY 1, 2021

As supply chains 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. Creating a data-driven supply chain tracking important transportation metrics helps shippers respond and adapt as quickly as possible to known and unknown events.

Transportation 126

Transportation Vendor Strategies Cost Reduction Supply Chain Software 126

Freightos

APRIL 27, 2023

The article presents findings from a survey conducted across over 200 global supply chain professionals to highlight how the pandemic has increased the need for freight market intelligence and how it continues to be relevant even as supply chain issues resolve. But even since July 2020, much has changed. And they are.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

Logistics Viewpoints

FEBRUARY 8, 2022

If 2020 and if 2021 proved anything, it’s that the omni-channel selling environment is here to stay. But, as we know, supply chain conditions were far from perfect in 2020 and 2021. As just one example, Nike’s online sales grew by 75% in 2020 — but its profit margins fell from 45.5% The next step?

Optimal Sourcing 112

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 112

SYSPRO Smarter ERP

MARCH 21, 2022

Several surveys have reported how SCM in recent years has moved from being a cost center to one responsible for offering superior customer experience and delivering competitive advantage. According to a report , between 2020 and 2021 there was a dramatic growth in companies focusing on making their supply chains more resilient.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

CH Robinson Logistics

APRIL 19, 2021

Historically, seasonal events bring demand. In a market where base market tension is higher than average, the market can expect to experience tension at higher than average levels during each event period. Seasonal events that cause the market to tighten each spring. Seasonal events that cause the market to tighten each spring.

Trucking 65

Trucking Inventory Reduction Price Reduction Waste Reduction 65

Logistics Viewpoints

MAY 27, 2021

Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. In a McKinsey surveyed, 59% of participants stated that a lack of executive vision was a significant obstacle to the digital transformation of their organization. [2] The payoff is well worth it.

eCommerce 138

eCommerce Optimal Sourcing Supply Chain Software Supply Chain Planning Software 138

Logistics Viewpoints

JANUARY 12, 2022

year-on-year in 2020 with a 39% increase in Q1 2021. Preliminary results from a Lucas-commissioned survey of 350 companies in the US and UK found that the majority of the companies are already employing AI in one way or another within their warehouses and distribution/fulfillment centers. Data from the U.S.

Optimal Sourcing 177

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software 177

Blue Grace Logistics

NOVEMBER 24, 2020

Seasonal events such as holiday shopping, black swan weather events, geopolitical tensions, and, in the case of 2020, a global pandemic. According to a March survey conducted by the Institute for Supply Chain Management, nearly 75% of U.S. Supply chain disruptions are just a part of doing business. Nearly 75% of U.S.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software Supply Chains 62

GlobalTranz

MAY 26, 2016

is on track to surpass Chinese manufacturers by 2020, reports Chris Mathews of Fortune magazine. What Needs to Be Accomplished to Help America Reach #1 in Manufacturing by 2020? According to Nancy Huddleston of Precision Manufacturing, 80 percent of surveyed leaders in manufacturers believe a recession is on the horizon.

Material Savings 55

Material Savings Scenario Planning Cost Reduction Buyer Training 55

SYSPRO Smarter ERP

NOVEMBER 8, 2021

But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

Now, That's Logistics

JULY 13, 2021

After putting businesses through a battery of strategic-resilience tests in 2020, the pandemic continues to place new pressures on many organizations in 2021. Defined as the capacity to recover quickly from difficulties, resilience has become a core mission for companies across most industries right now. Don’t Go it Alone.

Supply Chains 113

Supply Chains Logistics Network Optimization Software Resource Reduction Vendor Strategies 113

Automotive Logistics

NOVEMBER 2, 2018

Some of this was to do with the ‘precision railroading’ strategy adopted by CSX last year, which suddenly removed 900 locomotives, 60,000 freight cars and 2,300 workers. GM introduced OnStar in 1995 as driver-assist software that would provide location and status of a vehicle to emergency services in the event of an accident.

Modeling Software 39

Modeling Software Supply Chain Planning Software Sourcing Strategies Logistics Network Optimization Software 39

MTS Logistics

OCTOBER 9, 2023

Regardless of their size, companies are reassessing their global supply chain strategies. and European companies to reevaluate their supply chain strategies. One of the biggest impacts of decoupling in the supply chain is that it helps minimize the impact of unexpected events. M VIETNAM 1.86 M SOUTH KOREA 901.88 K INDIA 807.10

Negotiate Pricing 84

Negotiate Pricing Negotiating Skills Supply Chain Software Supply Chains 84

CH Robinson Logistics

JANUARY 27, 2021

With the Chinese Lunar New Year approaching in late January 2020, global shippers planned to order stock from Chinese suppliers ahead of the celebration as factories and ports would shut down for two weeks. Due to lean inventory strategies, many manufacturers only keep 15-30 days of inventory on hand.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Supply Chain Software 62

Logistics Business Magazine

MAY 7, 2021

According to a recent survey , almost half (49%) of all UK businesses have found it more difficult to export to the EU since Brexit regulations came into effect. Brexit may have been years in the making, but the uncertainty surrounding trade is still casting a long shadow for businesses in 2021, writes David Grimes, CEO of Sorted.

Cost Reduction 36

Cost Reduction Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 36

Logistics Viewpoints

OCTOBER 5, 2021

Certainly no company could have foreseen the shutdown of the global economy in the early months of 2020 — or the continuing effects of COVID-19, such as port closures, throughout 2021. While some recovery has been made, employment levels are still short of February 2020 levels by 33,000 jobs. And with good reason.

Optimal Sourcing 126

Optimal Sourcing Resource Reduction Supply Chain Software Supply Chain Design Software 126

247 Customs Broker

APRIL 5, 2018

. Second, while in the end Sheffi is clearly a strong sustainability advocate, the book is extremely well balanced and describes very well the challenges and issues CEOs face in crafting their sustainability strategies, with often conflicting goals. Most sustainability books in my view do not present the full 360 view.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28

GlobalTranz

FEBRUARY 3, 2017

Regardless of how you voted, his promise to the middle class is more likely to stand over the next four years because its success or failure will determine his chances for re-electability in 2020. Thus, your organization needs to look at the incoming administration with intense resolve to maintain compliance and improve visibility.

Supply Chain Software 70

Supply Chain Software Supply Chains Manufacturing Procurement Optimal Sourcing 70