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Freight Procurement is a Different Game

Logistics Viewpoints

It can move quickly from a situation where there is too much capacity in the market and buyers having the whip hand, to a situation where shippers are begging carriers to take their loads at almost any price. That processing event determines when the goods need to be delivered to the next stop. This made the data analysis easier.

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The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

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Types of Risks Impacting Supply Chains in 2018

Material Handling and Logistics

These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. Hurricane Maria, which slammed into Puerto Rico on September 20, 2017, is a prime example of a catastrophe that reverberates through supply chains. Economic situation can cause product or labor shortages.

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How Disruptions like Coronavirus Test The Resilience Of Supply Chain Planning

AIMMS

While this creates tremendous value , it also br ings the inevitable risk that certain event s can have far-reaching consequences that influence supply chain s more than ever before. Let’s explore some example s. . Most often , these events force demand and resource usage to fluctuate.

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What is Supply Chain Visibility and Why Isn’t It Enough?

Logistics Viewpoints

This example illustrates why supply chain visibility isn’t enough. And the impact doesn’t stop there, since trade-off decisions will be required to answer questions like which customer is most important to satisfy with the limited bolts in inventory and if production capacity should be reallocated. Agility to act on transparency.

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How IoT Brings Railway Efficiency to Dutch Rail Network

IoT World Today

IoT World is North America’s largest IoT event where strategists, technologists and implementers connect, putting IoT, AI, 5G and edge into action across industry verticals. For industry participants, data analysis presents an opportunity to optimize railway operations without adding costly infrastructure. “We Book your ticket now. ].

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Current State of the Capacity Crunch

GlobalTranz

However, inconsistencies in service levels, including the use of inaccurate data, an economy that hinges on the state of foreign markets (think China), and changes to regulations and labor requirements are continuing to impact the capacity of the shipping industry. Capacity Is Tight, Not Impossible. Capacity of today’s fleets is tight.