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Supply Chain Recovery Strategies Post Corona Virus

Posted by Land Link Traffic Systems on Aug 20, 2020 9:17:07 AM

The effects of the Covid-19 virus are yet to be accurately measured in terms of human life and global economic impact.  Although the numbers continue to climb in parts of the country, it is the universal expectation that the industry and the world will slowly recover from this pandemic.  Now is the time to formulate your organizations recovery plan. 

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Topics: Third Party Logistics, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News

How Efficient Is Your Freight Expenditure?

Posted by Land Link Traffic Systems on Aug 6, 2020 9:20:08 AM

When your focusing on your logistics and transportation spend, the very first thing that you need is freight and transportation data. Without hard data, you can’t take action. What doesn’t get measured cannot be fixed. When enterprises try to act in the absence of data, they are usually guessing and won’t get the results they need. 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.

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Topics: Intermodal Freight, Transportation News, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology

Technology Is Reshaping Logistics

Posted by Land Link Traffic Systems on Jul 30, 2020 9:16:25 AM

Technology is disrupting the supply chain industry at a rapid pace. During this decade, e-commerce and IoT have irreversibly altered every aspect of logistics management. To remain successful, supply chain managers are increasing their adoption of cloud and technology platforms and applications. Innovative technologies, such as blockchain and machine learning, are being implemented today with the potential of significantly reshaping existing supply chain operating models. By 2023, at least 50% of large global companies will be using AI, advanced analytics and IoT in supply chain operations. That same year, over 30% of operational warehouse workers will be supplemented, not replaced, by collaborative robots. In the digital transformation age, logistics is once again undergoing a major shift. Logistics technologies, such as robotic warehouse systems, make automation a reality, while drones improve last-mile delivery capabilities and better tracking with tools like RFID tags, which improve visibility throughout the supply chain. These technologies also contribute to a rise in big data and analytics in the logistics field. RFID tags and robotic warehouse systems generate and transmit data that, when combined with other data sources, allow companies to optimize the supply chain and make better predictions and forecasts to improve efficiency and boost the bottom line.

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Topics: Third Party Logistics, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, Logistics News, Technology

Corona Virus is Spurring Autonomous Vehicle Applications

Posted by Land Link Traffic Systems on Jul 23, 2020 7:37:40 AM

In the months since the corona virus prompted shelter-in-place orders around the world, entire companies, industries, and economies have been decimated. One market that appeared poised to escape the impact was autonomous vehicles, particularly in the case of companies whose cars can be used to transport supplies to health care workers. But it seems even they are not immune. While limited continued testing of autonomous vehicles will still be possible via virtual simulation tools, AV technology, within the context of the corona virus pandemic, may still present the possibility of addressing critical needs and providing essential services through the use of driver-less delivery vehicles.   The combination of the need to minimize health risks presented to and by human drivers who deliver vital supplies and materials to the public, and the ability of AVs, equipped with disinfection tools, to deliver such items, may incentivize public authorities to authorize expanded testing and use of AV throughout the U.S.

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Topics: Third Party Logistics, Intermodal Freight, Transportation News, Reducing Freight Rates, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology

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