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Forecasting trends with aggregated flatbed data

FreightWaves SONAR

Housing starts are calling for lumber kits, industrial purchasers are ordering products for their projects, and construction companies are planning their moves and strategies for the year. Shippers often manage transportation for these projects with historical data, bids from trusted carriers and a lot of guesswork.

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Freight Market Data Sources

FreightWaves SONAR

(Graphics created by Emily Ricks) There are ample opportunities to take advantage of spot versus contract freight data insights. Consider this; as reported by Louis Columbus of Forbes , “Machine learning algorithms and the apps running them are capable of analyzing large, diverse data sets fast, improving demand forecasting accuracy.”

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.

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Using data and AI to improve manufacturing

SYSPRO Smarter ERP

What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0

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The Main Supply Chain Trends for 2024 You Can’t Afford to Ignore

3PL Links

The Main Supply Chain Trends for 2024 | Image source: Flickr.com The supply chain will have a difficult time adjusting to a world that is changing rapidly in 2024. In 2024, risk mitigation, supply chain control, and operational resilience will all depend on data analysis and information visibility.

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Improving Supply Chain Visibility: The Impact of Data Strategy

3PL Links

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. Read also: Revolutionizing the Industry: Discover the Top 3 Logistics Trends for 2023! What are the company’s goals?

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Overcoming Black Friday purchasing and warehouse challenges

EazyStock

This year, purchasing teams are also facing continued challenges due to global supply chain and logistics pressures, component shortages, and soaring prices for electricity and fuel. The key is to keep track of your inventory planning and purchasing processes. It is also important to consider qualitative data.