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Crossing the Final-Mile Finish Line
Total e-commerce revenue in 2020 will reach $3.52 trillion, growing year-over-year at nearly 19%, according to global tech market advisory firm ABI Research. This explosion is forcing retailers to find faster and more convenient modes to reach the final mile. Retailers will likely trade profits to continue investments in the e-commerce explosion. This growth depends […]
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I Like Big-Box and I Cannot Lie
Nearly half of small to mid-sized business (SMB) decision-makers involved in distribution, logistics, and/or procurement estimate an increase in shipping spend in 2020 compared to 2019, and big-box retailers are influencing their strategy, finds logistics technology platform uShip’s 2020 SMB Shipping Strategies report. About 25% of decision-makers say the logistics strategies of Amazon and Walmart […]
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Logistics Leaders Into Outsourcing
Outsourcing logistics services has become common—85% of logistics leaders expect their outsourcing budget to increase by more than 5% in 2020; 85% reported a similar budget increase in 2019, finds Gartner’s 2019 Logistics Outsourcing Strategy survey. One reason leaders expect budgets to increase is that logistics outsourcing supports their business objectives. About 70% of respondents […]
Read MoreWhich ERP Trends Will Catch On in 2020?
Supply chain management involves planning, execution, control, and monitoring, and enterprise resource planning (ERP) solutions handle the physical aspects of supply. Next-generation ERP technologies have come to the forefront, and their powerful capabilities are having a great influence. Here are three ERP supply chain trends to watch in 2020. 1. Warehouse operations managers are more […]
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3 Big Barriers to IIoT Integration
From monitoring air quality in "smart cities" like Chicago and New York City to tracking health data in real time on smart watches, the Internet of Things (IoT) is everywhere. IoT applications look promising for the manufacturing industry as well: European aircraft manufacturer Airbus is developing Industrial Internet of Things (IIoT) technologies to provide valuable […]
Read MoreHow Green Was My Tally?
Almost one-third of online shoppers are willing to pay more to have their items shipped in environmentally friendly packaging, with those buying health and beauty products leading the way at 33%, according to Macfarlane Packaging, which analyzed packaging performance among e-commerce retailers in the fashion, health and beauty, home and garden, and food and drink […]
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Artificial Intelligence Gets Real
About 90% of respondents to an IFS global research study into the attitudes and strategies towards artificial intelligence (AI) among business leaders report at least some plans to implement AI in various parts of their business. Among the key findings: Industrial automation is the most commonly reported area of investment, with 44.6% planning AI projects. […]
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Drones Make the Medicine Go Down
UPS Flight Forward Inc. and CVS Pharmacy have successfully completed the first revenue-generating drone delivery of a medical prescription from a CVS pharmacy directly to a consumer’s home. This was followed by another delivery of a medical prescription to a second customer in a nearby retirement community. Both flights used the M2 drone system by […]
Read MoreTaylored-Made Expansion
Merger and acquisition activity in the third-party logistics sector continues to grow. In a major expansion, Taylored Fulfillment Services acquired the U.S. operations of Toll Global Logistics, a $8.7 billion Australian logistics company. Brian Southwell, vice president of business development and marketing, and Margaritta Topielski, chief administrative officer at Taylored, discuss the buyout with Inbound […]
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Eating Up Cookies
A cookie shortage is leaving cookie jars empty and taking a bite out of food supply chains. Campbell Soup, maker of Pepperidge Farm cookies, faces supply constraints in its cookie division due to labor shortages and elevated demand as consumers stay home during the pandemic, according to the company’s earnings call. While Campbell ramped up […]
Read MoreTop 10 Manufacturing Predictions
What’s ahead for global manufacturing? "Manufacturing companies are transforming from efficiency-oriented operations to resilient organizations driven by a tighter connection to markets and customers," says Kevin Prouty, vice president, Manufacturing Insights, IDC. Here’s what Manufacturing Insights predicts for the years ahead: 1: By 2023, 65% of global manufacturers will realize a 10% savings in operational […]
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Supporting Women Behind the Wheel
Two U.S. senators, working with Ellen Voie, president and CEO of the Women In Trucking Association, introduced legislation that would require the Federal Motor Carrier Safety Administration (FMCSA) to take a formal role in supporting women drivers. Senator Jerry Moran (R-KS) and bill co-sponsor Senator Tammy Baldwin (D-WI) are working with the FMCSA to create […]
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That’s a Wrap: Holiday Shipping Tied Up in Knots
During the holiday shopping season, all eyes are on shipping, with more than half of consumers (60%), and nearly three-quarters of millennials (74%) claiming they were disappointed with holiday shopping services in the past. Stats from Pitney Bowes’ 2019 Global Online Shopping Study reveal the top shipping frustrations: 1. Free shipping still reigns supreme, with […]
Read More5 Actions to Optimize Logistics Costs
Logistics leaders face pressure from their stakeholders to optimize logistics costs while maintaining service and performance levels. Gartner Inc. identifies the following five actions to help you optimize costs from within your organization. 1. Eliminate costly errors. In logistics, errors occur regularly and often come at a cost. For example, shipments may be non-deliverable due […]
Read MoreChina’s Trade Outlook Declines as Air Drags
Trade tensions between the United States and China have many repercussions, according to the DHL Global Trade Barometer, an early indicator of global trade developments calculated using artificial intelligence and big data analytics. China’s September 2019 trade outlook registered a four-point decline from June to an index value of 45, according to the DHL data. […]
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Great Lakes Ports Stay on Course
U.S. Great Lakes ports are on pace to beat 2018 cargo volumes following a robust September handling road salt, cement, stone, petroleum, and wind energy components, and supporting the region’s construction activity and energy needs. Overall, St. Lawrence Seaway tonnage for the season (March 22 to September 30) reached 24.8 million metric tons, down 6% […]
Read MoreParts & Parcel
Driven by an increase in e-commerce, global parcel volume grew from 74.4 billion shipments in 2017 to 87 billion last year. On average, 23 parcels per person were shipped globally, and 2,760 parcels were shipped every second, according to the Pitney Bowes Parcel Shipping Index. Collectively, China, the United States, and Japan lead the global […]
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Inside Innovation
What are the top supply chain differentiators and innovation drivers? According to the findings of BluJay Solutions’ Focus on Customer Experience: Research on Supply Chain Priorities and Investments report: Customer experience reigns supreme. 61% of survey respondents agree or strongly agree that customer experience will overtake price and product as the number one brand differentiator […]
Read MoreBarriers to Scalable IIoT Execution
By providing visibility into the assets and processes that historically had no data feedback loop, the Industrial Internet of Things (IIoT) has allowed manufacturing organizations to leverage their incoming data to implement crucial initiatives such as condition monitoring and predictive maintenance. In addition, by establishing a constant and secure channel for data to flow from […]
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Calm Before the Storm
Though Hurricane Dorian may be behind us, U.S. supply chains continue to feel its effects. And it’s possible that another large storm could still be on the horizon. Even if manufacturers aren’t located in a hurricane impact area, they can still experience business disruptions if a customer, supplier, or transportation route is affected. In the […]
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