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Data key to tackling forecasting challenges

FreightWaves SONAR

Businesses are prioritizing the speed of data propagation within their supply chains. According to Gold, NRF members have made significant investments in data analysis to improve their ability to predict consumer demand to prevent bloated inventory levels that many large retailers experienced around this time in 2022.

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Demand Forecasting in an Inflationary, Supply-Constrained, Semi-Post-Pandemic Environment

Logistics Viewpoints

I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. Final Word.

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Supply Chain Brain Webinar

The Logistics of Logistics

Longer lead times, complex handoffs between logistics providers, data flow between disparate systems…requires a new way of thinking for efficient inventory moves from origin to the final customer efficiently. Catania recently led his OneRail team to win the 2021 Supply Chain Leaders in Action Pitch Tank Contest.

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Happy New Year: Here’s the 7 things shippers need to know about the Q1 2021 freight market

FLS Transport

The year 2021 is here! Newton’s first law of inertia states that an object in motion will remain in motion… and that’s exactly what will happen in the first quarter of 2021. And while retailers were able to modestly re-stock going into peak, data now shows that they lack adequate inventory. Stay strapped in.

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Mexico Emerges as a Potential Supply Chain Replacement for Exports

MTS Logistics

New data shows growing signs that Mexico is emerging as a hub for suppliers to export goods amid global geopolitical instability. Exports of non-petroleum goods grew nearly 27% in February compared to the same period in 2021. At the same time, the number of suppliers in China that received procurement bids declined by 9% in 2021.”

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How Truck Carriers Improve Profits With Analytics & Operational Efficiency via Tech

Turvo

According to Trucks.com , “While commercial truck fleets can competently operate hundreds to thousands of vehicles, collecting and interpreting truck data is still a new process for many. Fleets typically lack the tools and resources needed to properly monitor and analyze the volume of data they receive to make critical decisions.”

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SONAR Indices & Insights: Measure diesel fuel price volatility and market impacts with FUELS and ULSD rack data

FreightWaves SONAR

This week, learn how freight market participants, especially trucking carriers , rely on both the Ultra-Low Sulfur Diesel Rack (ULSDR) data index and the FUELS index to measure diesel fuel price volatility and to understand its impact on their operations and the freight market at large. What are the ULSDR data and FUELS indices?