Remove Analysis Remove Industry Remove Strategy Remove Supply Chain Technology
article thumbnail

Insights and Expectations for the Shipping Industry in 2024

MTS Logistics

As we approach the conclusion of 2023, the maritime shipping industry faces challenges that have impacted ocean carriers with declined profits and increased price-driven competition. However, here is my take in terms of what to expect for ocean shipping and in the broader shipping industry.

article thumbnail

Understanding Freightonomics with Anthony Smith

The Logistics of Logistics

Anthony transitioned to a Corporate Economist & Consultant, advising CXO leaders and Fortune 500 companies on economic analysis, industry trends, and internal strategy. Anthony’s clients varied from construction, trucking, industrial, software, manufacturing, and retail industries.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Editor’s Pick: Updating Your Planning Strategies to Industry 4.0

Talking Logistics

In “ It’s the era of Industry 4.0. Are you on board? ” — I shared strategies to digitalize the planning office with advanced planning technology to keep abreast with in an industry that is increasingly replacing the human workforce with robotics to gain better efficiency, increase cost-savings and build higher agility.

article thumbnail

Supply Chain Data Visibility Paramount as Industry Lurches into Next Chapter

IoT World Today

Supply chains will survive COVID-19, of course, but not without interim pain and structural change. Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If Erratic supply and demand have strained logistics as well.

article thumbnail

Key Potential Issues in the Shipping Industry Over the Next Few Years

MTS Logistics

Although we are unable to accurately predict the future, we are able to pinpoint some potential problems that the shipping industry may experience in the coming years based on current trends and difficulties. Also, automated and autonomous technologies have the potential to change the shipping industry and displace workers.

article thumbnail

Top 10 Practical Supply Chain Management Tips for Businesses

3PL Links

The primary goal of the supply chain is increasing efficiency, and in order to do this, it prioritizes distribution, inventory control, cautious supplier selection, and ongoing process optimization. It goes beyond simply being an operational strategy.

article thumbnail

What to Expect Post-Covid for the Shipping Industry

MTS Logistics

So, I decided to not write about all the issues with the supply chain, but rather where those issues will take us as an industry from the corporate to individual level. So, how will the shipping industry look in 2-3 years from now? The harmony between technology and people must go hand-in-hand.