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Logistics Trends to Watch in 2020

Posted by Land Link on May 28, 2020 7:42:41 AM

Let’s take a break from the Covid-9 effect on the Logistics industry.  Things are slowing opening back up.  Hopefully, the trend continues with no significant spikes in infection rates.  That being said let’s look at some industry trends we should all be aware of this year.

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Topics: Freight Bill Auditing, Intermodal Freight, Logistics Business, Freight Bill Audit, 3D Printing, Industry Trends, Big Data

The Slow Opening of the Country.  How Will it Work.

Posted by Land Link Traffic Systems on May 21, 2020 8:19:57 AM

While health experts have expressed doubt of America's readiness to "open up" the economy, it is clear that elected representatives are putting the wheels in motion towards that end.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Industry Trends

Supply Chain Recovery Post Corona Virus.  Formulate Your Plan Now.

Posted by Land Link on May 14, 2020 9:51:11 AM

 

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Logistics Business, Freight Bill Audit, Logistics News, Industry Trends

The New Normal in Retail Will Be Far From Normal

Posted by Land Link Traffic Systems on May 6, 2020 12:26:03 PM

As retailers struggle with re-opening strategies it’s clear the new normal will be something we have never experienced.  Consumers in many areas of the world have tightened their wallets and eliminated discretionary spending because of lost jobs, lower wages and uncertainty about how long the COVID-19 pandemic will last.

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Topics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Transportation News, Logistics Business, Freight Bill Audit, Logistics News, Industry Trends

Corona Virus Accelerating Drone Applications

Posted by Land Link Traffic Systems on Apr 30, 2020 10:24:37 AM

If necessity is the mother of invention a worldwide pandemic is the mother of cutting through government red tape.  Vaccine approvals are basically getting rubber stamped and that’s a good thing.  Automated vehicles are ramping up in anticipation of increased demand in this new environment as well.  UPS will use drones to fill prescriptions for residents of The Villages in Florida, one of the country’s biggest retirement communities, amid a lock down to halt the corona virus.  The time-sensitive 

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Topics: Supply Chain Management, Third Party Logistics, Transportation News, Shipping News, Logistics News, Technology

Additive Manufacturing (3-D Printing) is Gaining Traction

Posted by Land Link on Apr 23, 2020 9:47:02 AM

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Topics: Supply Chain Management, Transportation News, 3D Printing, Logistics News

Coronavirus Appears to be Plateauing in Many States

Posted by Land Link on Apr 16, 2020 4:02:22 PM


Many states have reported a leveling-off of new Covid-19 cases. Clearly a good sign but we are by no means out of the woods yet. It is unlikely anyone alive today remembers the Spanish flu of 1918, but we may be able to learn some things to expect as we hope to return to some normalcy in the coming months. The administration is already talking about target dates to reopen the country in stages. The fallout from Covid -19 is painfully clear for many people. Let’s try to anticipate what challenges are ahead.

From a logistics and supply chain perspective, while things are still very early, it stands to reason that the impact on all things trade, shipping, and moving freight is already quite significant. There is also, of course, a high level of uncertainty that comes with a pandemic such as this one, in the form of how long it may last for, what should or could businesses be doing to get through this period, and what happens now or next? And what they all have in common is that they are all valid questions that come with a shortage of valid answers, at least so far, for the most part. The impact on supply chains more broadly will be a function of (a) how long businesses remain closed (b) the extent to which there’s an impact on downstream supply chains and (c) the extent to which precautionary measures are taken by corporations including logistics firms. We may be able to glean some information on what to expect during the recovery period by looking at the post Spanish flu recovery.

What Can We Learn From the Spanish Flu Recovery

The immediate effects of the pandemic; postponed weddings, canceled vacations, empty supermarket shelves, sinking housing prices, salary cuts, and layoffs suggest no one will come out of this period without losing something but we are only at the beginning. Predicting how bad things will get economically is difficult. A viral outbreak of this scale has only happened once before in the industrialized world: the 1918 influenza pandemic that hit the world in two seasonal waves, killing 50 million people worldwide and 675,000 in the US. That pandemic occurred during World War I, which makes it hard to compare to now, even setting aside all the other changes in the past century but we may be able to draw some loose parallels.

Many businesses, especially those in the service and entertainment industries, suffered double-digit losses in revenue. Society as a whole recovered from the 1918 influenza quickly, but individuals who were affected by the influenza had their lives changed forever. Given our highly mobile and connected society, any future influenza pandemic is likely to be more severe in its reach, and perhaps in its virulence.

Two months into this current outbreak, massive layoffs have started, American industries have demanded bailouts, and unemployment rates have surged. Economists at the Federal Reserve Bank of St. Louis are projecting total employment reductions of 47 million — an unemployment rate of 32.1%.

According to Forbes, every sector of the American economy is shrinking: Hotel chain Marriott International is furloughing tens of thousands of workers, Landry’s, the parent company of Del Frisco’s and Bubba Gump Shrimp, laid off 40,000 workers. Air Canada plans to lay off 5,100 members of its cabin crew. Shoe retailer DSW put 80% of its workers on a temporary unpaid leave of absence. This early carnage is understandable. How fast we recover will make all the difference to the U.S. economy.  Is this perhaps a wakeup call for domestic industry revitalization? There is a strong call to bring back the industrial revolution but are we too late?

What’s Ahead is Uncertain

As we look ahead, more information about corona virus will be learned about, to be sure, but things understandably are moving slowly. Freight transportation activity, processes and volumes are likely to be impacted to varying degrees, of course. For now, we assess and move forward as best as possible. Events like this on a global level can make for trying and difficult times, but, as has been the case before, one can expect supply chain networks to adapt and adjust and do what needs to be done to keep economies and freight flows moving forward. Land Link Traffic Systems is available for your supply chain needs.

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Topics: Transportation News, Logistics Business, Shipping News, Logistics News

Is Your Data Ready For AI and the Emerging Technologies?

Posted by Land Link on Apr 8, 2020 7:26:51 PM


Data is the new precious metal and it is becoming more essential than ever before. Technological leaps like blockchain, artificial intelligence and machine learning run on data. They’re already beginning to transform supply chain operations across many sectors.

Is your supply chain organization prepared to adopt these emerging technologies and generate the operational improvements to deliver the anticipated ROI? As we’re seeing, digital technology in the supply chain enables end-to-end decision-making, visibility into supply-demand information across the network and supports the operational level response in plants, DCs and retail stores.

Sometimes it takes an outsider to ask the obvious questions about processes that employees no longer question. Whether the questions have to do with routing guides, packaging practices or distribution center locations, it is often helpful to get an independent perspective. One of the main benefits of sharing data with a third party is an objective perspective that can cut through the culture and the “We’ve always done it that way” syndrome. A trusted Enterprise Logistics Provider with deep technology and operational experience can provide that objective view of the data and make recommendations without regard to internal influences.

Careful and Regular Data Collection is Critical

Data management is not a “set it and forget it” activity. A culture of continuous learning will be the key. Your enterprise must continually evaluate the integrity of your data collection and management programs not only against your internal requirements but also external developments. Are there gaps or inconsistencies in your data? Will it be available in the formats necessary to support adoption of relevant technology? For example, inventory optimization relies on a body of robust, accurate data. Without it, the results will be skewed and potentially damaging to your supply chain. Is your enterprise able to ensure your data is accurate and up to date? Garbage in will get you garbage out.

Look to Industry Professionals for Guidance

Rather than investing in technology tools directly, a trusted Enterprise Logistics Provider with deep technological expertise can support data management and analysis capabilities as a value-add in the partnership. As a solutions provider, the Enterprise Logistics Provider can stay up to date on the latest developments and evolution, reducing the need for ongoing investments in IT infrastructure.

Creating a comprehensive plan to clean and structure existing data and capture as much data as possible going forward will deliver benefits across the enterprise. As the digitization of the supply chain continues, those who aren’t able to ask the right questions could be left behind. For help determining if your data is ready to support the next level of technology, contact us today.

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Topics: Logistics News, Industry Trends, Technology, Big Data

Urgent Restocking Continues to Boost Truckload Spot Rates and Load Volume

Posted by Land Link on Apr 1, 2020 4:00:28 PM


This month industry analysts are reporting significant upticks in spot rates and demand due to restocking demand from grocery and home good retailers. Spot market load volumes and rates for van and reefer equipment saw mostly significant gains in March due to the ongoing corona-virus pandemic, according to data issued by Portland, Oregon-based freight marketplace platform and information provider DAT.

For the week of March 16-March 22, DAT reported the following annual differences:

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Topics: Logistics Business, Shipping News, Logistics News, Industry Trends

FMCSA Helping to Ease Regulations on Truckers During COVID-19

Posted by Land Link on Mar 24, 2020 3:39:30 PM

The FMCSA is showing a united front with the White House’s emergency declaration regarding Coronavirus. The declaration will cease enforcement of some HOS rules and ease enforcement on others for truckers. FMCSA officials said that this marks the first time the organization has issued nationwide HOS relief. There are many first-time events happening during COVID-19 and these efforts are clearly necessary to keep food and critical supplies moving.

“Because of the decisive leadership of President Trump and Secretary Chao, this declaration will help America’s commercial drivers get these critical goods to impacted areas faster and more efficiently,” said FMCSA Acting Administrator Jim Mullen in a statement. “FMCSA is continuing to closely monitor the coronavirus outbreak and stands ready to use its authority to protect the health and safety of the American people.”

FMCSA officials said that this declaration provides for regulatory relief for commercial motor vehicle operations providing direct assistance supporting emergency relief efforts intended to meet immediate needs for:

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Topics: Logistics Business, Shipping News, Logistics News