FedEx CIO Attests to Data-Driven Strategies in Pandemic Times

IoT World Today

As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Data-Driven Strategies Become Core Value Proposition. Blockchain Still Core to FedEx’s Data-Driven Strategies.

Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Learn how to organize your data operations in alignment with supply chain strategy. Complex supply chains generate more data, which companies can use to drive greater efficiency or engage in innovation that disrupts an entire industry—think Amazon. The prospect of using data to operate more efficiently and/or innovate is behind the impetus toward digital transformation that leaders across virtually every industry sector now pursue. Generating Value from Data.

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Freight Professionals “Want to Change Supply Chain Strategies Post-Covid” Says Survey

Logistics Business Magazine

Shipping and freight professionals want to change their supply chain strategies post-Covid, according to a recent survey. Answered by over 300 Shipping and Freight Professionals across the world, the survey brought out some key indicators that will inform the future course of global supply chains. One of the most important trends unearthed was the readiness to change supply chain strategies (42.2%). of the survey takers indicating they will invest in technology.

The 5 Key Reasons Why Data Quality Is So Important

Cerasis

Editor's Note: Today's blog comes from Katie Cruze at considerdigital.com who give us the top 5 reasons why data quality is important. Data, for most companies, is often collected for record-keeping purposes. Data is collected when an inspection is completed, an employee’s performance is reviewed, and maintenance is recorded, or even when a safety meeting is conducted. For many companies, managing the quality data can seem like an overwhelming task.

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2020 Database Strategies and Contact Acquisition Survey Report

As buyer expectations continue to heighten, marketing and sales teams are feeling pressured to deliver authentic messaging to buyers at every point of their customer journey. This report aims to highlight the current state of B2B database and contact acquisition strategies, and organizations’ goals to leverage data to fuel their go-to-market strategies in 2020 and beyond.

5 Tips for Achieving the Most Out of Your Supply Chain Data

Cerasis

In a recent study, MIT found that companies that focus on 5 key initiatives to improve their supply chain data can have a big impact on their bottom line. Obstacles to fully utilizing analytics included inaccurate data , cost, and lack of timely data. So how can your company start to incorporate supply chain data into your company culture? Supply chain data initiatives need a top-down mandate. Data Supply Chain

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Transporeon Carrier Survey: Spot Market Benefits Amid Pandemic Gloom

Logistics Business Magazine

Transporeon has presented the results of European Road Carrier survey: Findings point up an urgent need for digital investment amidst pandemic gloom. Despite low fuel prices and a difficult economic environment, Europe’s carriers are using multiple strategies to optimize fuel efficiency. Nevertheless, the survey results point up major deficits when it comes to calculating and reporting transport-related CO2 emissions.

5 Ways an Omnichannel Supply Chain Strategy Can Improve Customer Experience

Cerasis

The importance of an omnichannel supply chain strategy cannot be overstated. According to Randy Strang of Supply Chain 24/7, a survey of the most important parts of a shopping experience found customers’ expectations are more than meets the eye. What’s Wrong With Omnichannel Supply Chain Strategy and Customer Service? This is the core of an effective omnichannel supply chain strategy; variety and options define customer experiences.

The State of Supply Chain Trends Part IV: Data Analysis, Wearables, and the Cloud

Cerasis

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. Powered by an increasing number of connected devices via the Internet of Things , automated data entry is empowering usable data and allowing more companies to replace legacy systems or integrate new technologies with existing systems. Data analysis is the companion of cloud-computing technologies.

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Supply Chain Firms Planning Circular Economy Investment, Says Survey

Logistics Business Magazine

Seventy percent of supply chain leaders are planning to invest in the circular economy in the next 18 months, according to a recent survey by global research firm, Gartner. However, only 12% of those have linked their digital and circular economy strategies so far. Already, 35% of companies believe that digital technology will be a key enabler for their circular economy strategies, but very few are leveraging the technology for this purpose yet.”.

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Why Real-Time Visibility Should be Core to Your Supply Chain Strategy

CH Robinson Logistics

Using technology to drive strategy and improve performance—and ultimately create financial value—is top of mind for shippers today managing complex global supply chains. In our own survey of 3,000 shippers, over 60% of technology decision-makers said they desire improvements in visibility. Exponential Growth of Data: We’re seeing an explosion in the amount of data available across the supply chain.

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Top Strategies for Attracting and Retaining Qualified Drivers

Women in Trucking

It’s remarkable, then, that a recent customer survey by DriverIQ, a provider of back- ground screening for the trucking industry, showed that 35 percent of companies have NO programs aimed at recruiting and retaining women drivers! Data shows that wages do indeed impact driver retention. Ultimately, driver pay needs to be at least $75,000 to reduce turnover, according to 80 percent of recruiters surveyed.

Digital Transformation In Logistics Market – Recent Industry Developments and Growth Strategies Adopted by Top Players Worldwide 2019-2024

247 Customs Broker

Digital Transformation In Logistics Market – “Global Digital Transformation In Logistics Market Professional Survey Report 2019” presents the latest industry data and future trends, allowing you… The post Digital Transformation In Logistics Market – Recent Industry Developments and Growth Strategies Adopted by Top Players Worldwide 2019-2024 appeared first on 24/7 Customs Broker News.

34th Annual Salary Survey: Salary growth slows, tasks soar

247 Customs Broker

More than 500 qualified respondents to our “34th Annual Salary Survey” report that their salaries moved up only incrementally last year. This year’s survey again draws the most feedback from successful logistics managers who have been climbing the executive ladder for some time. As we do every year, we ask survey respondents to share anecdotes and real-life stories with us about their jobs and discovered that responsibilities have indeed broadened considerably.

The next frontier: supply chain data architecture for your needs, not to feed the needs of numerous supply chain tech vendors

AIMMS

Data overload and quality issues are common problems faced by all organizations. This makes it really difficult to start getting value out of data with analytics. Inevitably, when you buy supply chain optimization software, you need to start hunting around for data to make the technology work – it can feel like you work for the technology vendor, not the other way around. That’s why 60% of the time spent in analytical supply chain projects is spent collecting data.

Digital Transformation: An Imperative for Industrial Manufacturing in 2017

Cerasis

That same study found only 5 percent of those surveyed were very satisfied with their digital progress so far. Harnessing Big Data. Technology has created an extraordinary amount of data ; within this data there is great opportunity, but it also can be overwhelming. The industrial internet of things (IIoT) has exponentially increased the amount of data produced. Data Manufacturing Supply Chain Technology digital transformation

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

It is at this level that 4PL providers come into their own, making use of digital technologies such as big data and cloud computing to maintain visibility in every link in the supply chain.

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A&D’s Ambitious Three-Year Timetable for Deploying Blockchain

Supply Chain Brain

As part of an annual effort, Accenture surveyed 30 A&D companies, encompassing original equipment manufacturers (OEMs) as well as tier 1 and 2 suppliers. It also allows for the tracking of aircraft configuration data throughout the supply chain — data that up to now has resided in walled-off systems that rarely communicate with those of other partners. Schmidt acknowledges that falsified or corrupt data can still pose a problem for manufacturers.

The 2016 State of Manufacturing Industry Trends: E-Commerce, Robotics, & Analytics

Cerasis

Meanwhile, 79 percent of manufacturers and distributors, surveyed by Handshake , reported increasing use of e-commerce to meet customer demand, and the role of business-to-business e-commerce has become more of concern for up to 63 percent of companies. True, all analytics do provide insight, but the different types describe different ways data can be used. For example, big data is all the data compiled and analyzed. Data Manufacturing Robotics

How the CFO Can be a Change Agent in the Supply Chain

Blue Grace Logistics

But is it a good strategy to wait for things to go wrong to ask the CFO to step in? But is it a good strategy to wait for things to go wrong to ask the CFO to step in? Ernst & Young surveyed 423 CFOs and heads of supply chain around the globe to understand their view of a CFO’s contribution to the supply chain. The survey also revealed that those organizations that have a collaborative relationship between the CFO and supply chain also tend to perform better.

EDI Integration For Shippers: 6 Myths Busted with the Real Truths

Cerasis

Today we pick up our series on all things Electronic Data Interchange or EDI by busting the common myths around implementing an EDI Integration program. The truth is, many myths have circulated throughout the business world, and electronic data interchange is the focus of quite a few of these myths. Read the top 6 myths surrounding electronic data interchange or EDI integration, and how we debunk each one of them. EDI (Electronic Data Interchange) Technology EDI integration

Importance of Weather Insights in Supply Chain Management

Carter Logistics

As your company has most likely experienced, the weather is a huge influencer in a supply chain’s strategy, performance, and bottom line. According to the study, 47 percent of the surveyed supply chain professionals cited weather as “one of the top three factors external to their business that drives consumer demand.” ” Despite the high percentage, only 16 percent of them used commercial weather data. Blog Topics.

Retailers Need E-Commerce Partnerships to Secure International Commerce

Material Handling and Logistics

A new study released today by the Global E-Commerce Leaders Forum ( GELF) highlights growth and distribution strategies brands and retailers should implement to optimize international e-commerce operations now and in the future. Developed with support from the National Retail Federation (NRF), the survey reveals leaders are facing a multitude of challenges and opportunities in driving their organization’s global e-commerce expansion.

NAFTA Countries Remain Bullish on Trade

Material Handling and Logistics

More than 60% of business leaders surveyed across North America believe governments are increasingly taking a protectionist stance of raising trade barriers to defend domestic businesses. But even amid ongoing renegotiations of NAFTA, half of firms surveyed (U.S. According to the survey, less than one in ten (9%) U.S. In fact, the survey found that North American firms were more positive about NAFTA than agreements with trading partners farther from home.

Importance of Weather Insights in Supply Chain Management

Carter Logistics

As your company has most likely experienced, the weather is a huge influencer in a supply chain’s strategy, performance, and bottom line. According to the study, 47 percent of the surveyed supply chain professionals cited weather as “one of the top three factors external to their business that drives consumer demand.” Despite the high percentage, only 16 percent of them used commercial weather data. To what extent is weather data guiding your company’s decision-making?

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Supply Chain Management: It’s IoT Time

The Logistics Academy

Every day, more data than we can imagine zings across that global conduit we call the Internet. Much of that data comes directly from devices, without human intervention. Drivers carry cell phones in their cars to feed GPS locations to a traffic information and navigation service, which uses the data to detect congestion. billion in 2016, according to a BI Global Intelligence survey. Swisslog calls that strategy “prebubbling,” says A.K.

Supply Chain Execs Still See Role as Support Instead of Growth Enabler

Material Handling and Logistics

reveals that the 900 supply chain executives surveyed were more likely to say that they see their function in two years as a cost efficiency driver (60%) or a support function (68%) than as a competitive differentiator (48%) or a growth enabler (53%) within their organizations, which can leave significant value on the table. The CSCO will also need to leverage their C-suite connections to secure support for a reskilling strategy founded on continuous learning.

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5 Ways Manufacturing Companies Can Find the Deeper Secrets Behind the Numbers & Data That Don’t Lie

Cerasis

As a technology company ourselves, who offers a transportation management system for manufacturers and shippers, we value this post as it talks about the importance of using the data we all find in our business. However, it goes deeper to unveil how to best go about understanding the data by further collaborating and putting trust into your internal and external business relationships. You must pay attention to the sequence of the logic offered in the data.

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Balance Needed Between Shoppers’ Demands and Privacy Concerns

Material Handling and Logistics

A majority of consumers in new survey said they’re concerned about their online and in-store shopping history, such as transaction history and online searches, being used to provide better, more personalized service. As retailers across the globe struggle with demands for both personalization and convenience, balanced with consumer skepticism on data privacy, JDA Software, Inc.,

7 Pitfalls of Stalled IBP Initiatives and How to Overcome Them

AIMMS

Other reviews (prepared for decision-making versus attending for receiving information) are shared by the owners of each strategy element/pillar. For instance, COOs own the supply strategy, marketing the portfolio strategy, and so forth. Additionally, most planning tools fail to incorporate the abstract data that’s required for this stage. How can you account for new products that don’t exist in master data?

Blockchain in Supply Chain: 2 Ethereum-Based Projects That Demonstrate How Blockchain Can Improve Supply Chains

Cerasis

Ethereum shares some common features with Bitcoin, including how it’s mined by computers and codifies unique data that can be used to track everything from transactions to an exchange of goods (more on that below). Otherwise known as a distributed ledger, the automatic recording of data into the blockchain allows for cryptocurrencies such as Ethereum or Bitcoin to serve as way more than just a store of value. Supply chains are messy. Blockchain in Supply Chain Can Help.

Update on the Automotive Industry

Logistics Trends and Insights

Many automakers are investing in smart factories, with a survey from Capgemini reporting that 44% of automotive firms plan to convert their factories into smart facilities over the next five years. Nearly one-third (30%) of automakers’ factories have undergone a smart transformation to some degree over the last three years, up from 24% in Capgemini’s 2017-18 survey. by Amy Wunderlin.

How Technology Can Enhance Your Supply Chain In Four Ways

Blue Grace Logistics

According to a March survey conducted by the Institute for Supply Chain Management, nearly 75% of U.S. As most companies haven’t found a reliable means to practice divination we’ve found that, with the right technology and data, this is possible.

Accurate Costing Information Lacking in Supply Chain

Material Handling and Logistics

Supply chain professionals aren’t getting the cost information that they need according to a recent survey from APICS and the Institute of Management Accountants. Among those surveyed, supply chain managers agreed, on average, that the benefits of improving their costing systems exceed the investment. When asked what prevents them from utilizing current costing information, 44% of supply chain managers cited a lack of operational data.

Don’t risk falling behind: 3 things you can do to start mastering analytics

AIMMS

S till, most companies are “not very far” when it comes to implementing analytics and garnering benefits from data, as a recent survey from CSCMP suggests. I n many cases, organizations haven’t succeeded in making the organizational changes required to become data-driven. As the graph below shows, lack of talent , investment in hardware/software and siloed data are among the most common challenges. .