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4 Trends for 3PLs in 2022
Order volumes grew for 79% of third-party logistics (3PL) providers in 2021, but that growth was tempered by inventory availability and disruptions that cost the U.S. economy $228 billion, says a report from 3PL Central. Disruptions, technology innovations, and consumer demands will persist in 2022. These are the four key trends impacting 3PLs in the […]
Read MoreToughest Job in the C-Suite
Although executives who dream up new products, market expansions, or patents typically get all the praise, the pandemic and its disruptions have made getting items to shoppers a more complex and crucial task, says a Fortune report. The fluctuating demand for consumer goods and ships idling in major West Coast ports have only added to […]
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Port Everglades Sails Ahead
Port Everglades has broken several records in its cargo operations as the cargo trade rebounds. It recently welcomed Mediterranean Shipping Company’s Kotor Bay (pictured), the largest container ship ever to call on the South Florida port. Kotor Bay has a container handling capacity of 8,566 twenty-foot equivalent units (TEUs), carrying a variety of cargo from […]
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No Congestion Relief in Sight
It’s shaping up to be another congested year for global supply chains as the ongoing pandemic keeps consumers from spending on services versus goods, exacerbating resource shortages and delays. Logistics services providers must view this as a longer-term situation and plan accordingly, says a recent report from Descartes Systems Group. U.S. ocean container import volumes […]
Read MoreState of the North American Supply Chain
Most shippers responding to a survey by Averitt Express expect more delays, increased shipping volumes, and higher transport rates in 2022. Findings from the report reveal: 76% of shippers anticipate increased shipping volumes in 2022, the highest percentage recorded in the survey’s seven-year history. 37% struggled with capacity challenges within their supply chain in 2021 […]
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Finding a Home for Holiday Returns
Record retail sales, including a growing share of online purchases (see chart), mean that more returns than ever are flooding warehouses. U.S. holiday retail sales were up 8.5% compared to 2020, says data from Mastercard, and 66% of consumers will likely return at least one gift. At 18%, the e-commerce return rate is almost twice […]
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Drained Lithium Batteries Get a Life
A team of scientists from the Department of Energy and Stanford found a way to revive dead lithium-ion batteries, extending their battery life up to 30%. The lithium-ion batteries found in most modern electric vehicles (EVs) tend to lose energy capacity as they get charged, spent, and re-charged. That happens because small bits of lithium […]
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Retailers Brush Up on Returns
With increased e-commerce adoption, returns are set to grow exponentially in 2022 and beyond, says a recent report from Incisiv, and retailers’ digital experience plays a big part in both reducing returns and making the return experience seamless. Retailers can achieve significant savings and enhanced customer satisfaction if they look at returns as an integral […]
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The Future of Work in Logistics
To meet growing e-commerce demand, alleviate labor shortages, and build more supply chain resilience, businesses will need to deploy strategies to attract, retain, develop, and motivate workers in a digital era, says a report from DHL. Highlights from the report include: Millennials and Gen Zers seek jobs with more purpose, less repetitive tasks, and more […]
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Things Go Better with Bulk
Due to shortages delaying—and even halting—transportation, big brands get creative to keep their product and materials moving. For example, Coca-Cola now transports materials in bulk shipping vessels, which are typically used for raw materials such as grain and coal. The beverage company chose the bulk carriers because it could not access containers and cargo space, […]
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