Articles
Takeaways
5 Insights to Industry 4.0
Nearly all middle market manufacturing executives are at least moderately familiar with Industry 4.0, according to BDO’s Middle Market Industry 4.0 Benchmarking Survey. But while more than half (54%) have either developed or are in the process of developing an Industry 4.0 strategy, only 5% are currently implementing one. Another 25% plan to develop an […]
Read MoreTechnology Lifts Global Forklift Market
The global forklift truck market is anticipated to grow at a CAGR of 6.4% during the forecasted period of 2017-2024, according to Research and Markets’ latest report. Technological advancement to help improve forklifts where they are integrated with sensors and other components, growth in manufacturing industries and e-commerce, along with rising demand in the construction […]
Read MoreChina Turns Attention to Logistics
China is thinking logistics. To prioritize market growth, improve productivity, and reduce costs, the country plans to build 30 high-tech logistics hubs by 2020. By 2025, China predicts these hubs will include 150 devoted logistics facilities, according to China’s National Development and Reform Commission (NDRC). Within the 127 cities qualified for the project, China will […]
Read MoreNew Freight Train Could Boost Cross-Border E-Commerce in China
China is taking new steps to improve cross-border e-commerce, adding a new route to its China-Europe freight train service. The freight’s maiden voyage was from Zhengzhou to Liege in Belgium. The service, the first of its kind to depart from the capital of central China’s Henan Province, operates under customs surveillance code 9610. China’s General […]
Read More
dexFreight Offers Early Bird Special
U.S. shippers, carriers, brokers, and forwarders interested in receiving exclusive access to early release versions of the dexFreight decentralized, blockchain-based logistics platform, can participate in the company’s Early Adopters Program. The dexFreight platform provides supply chain stakeholders with an efficient solution for transparent and secure transactions and collaborations. The Early Adopters Program will allow the […]
Read More
Planning for Unplanned Spend
2017 and 2018 saw an uptick in unplanned spending as companies struggled with new trucking regulations, brutal weather, and tariff changes. Original equipment manufacturers (OEMs) have high expectations of suppliers, pushing them to comply with production requirements. But because life is unpredictable, suppliers may fall behind on component production. If suppliers don’t meet their deadlines, […]
Read More
ERP Drives ROI
In the past, studies have shown a lack of success in Enterprise Resource Planning (ERP) implementations. But those statistics may be out of date, according to a survey conducted by Mint Jutras and published by Ultra Consultants. Sixty-seven percent of manufacturers and distributors responding to the survey rate their ERP implementations as successful or very […]
Read MoreFind and Fight Forced Labor
The following strategies can help shippers reduce their risk of unknowingly using forced labor in their supply chain, says Danny Shields, vice president of industry relations at risk management company Avetta: Warning signs: Determine if forced labor is part of your supply chain—at any level. Social media can help monitor what people say about your […]
Read MoreNo Light at End of Retail Tunnel
The decline of physical retail stores isn’t expected to slow down any time soon, finds a Coresight Research report. U.S. retailers have announced 2,187 closings to date in 2019, including 749 Gymboree stores, 251 Shopko stores, and 94 Charlotte Russe locations. Payless ShoeSource also is reported to be considering its second bankruptcy. Online retail growth, […]
Read More
Let’s Get Digital
Transitioning to a cloud-based platform with real-time visibility and automation capabilities is crucial for retailers to maintain full control of their supply chains. Yet 85 percent of U.S. retailers haven’t digitized their supply chains, finds research from Gravity Supply Chain Solutions. Although only 15 percent of U.S. retail businesses have digitized their supply chains, 60 […]
Read More