There are so many unanswered questions surrounding the effects of the Covid-19 Virus to date. Where did the standard flu go? Is the Covid-19 virus threat over? Will the Covid variant force us back to a global lockdown? The stock market seems to think perhaps.
Read MoreTopics: Third Party Logistics, Freight Bill Auditing, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, Shipping News, Industry Trends, Technology
The higher shipping costs have been sparked by a combination of factors, including soaring demand amid stimulus money, saturated ports, and too few ships, dockworkers and truckers. The problems are too broad to be remedied by any short-term fix and are creating ripple effects across U.S. and International supply chains.
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Supply chain professionals are looking forward to a much-deserved extended weekend during the Fourth of July holiday. However, CargoNet, an industry cargo security firm, reports that extended business closures can create an advantageous operating environment for cargo thieves. For the past five years, the firm has analyzed cargo theft data in the United States and Canada from July 1 to July 7and found 130 cargo theft events in 27 different states, with theft most common in Texas, California, and Florida.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Logistics Business, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Industry Trends, Technology
There are several factors contributing to the U.S. labor shortage. It has to be considered that generous unemployment compensation, both state and federal, has had a significant affect upon labor availability. It is understandable to invoke a government funded financial support program during a pandemic. But there is debate over the federal extended unemployment benefits.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Industry Trends, Technology, Big Data
The Corona pandemic has had a profound impact on worldwide commerce and adjusting to the new normal will be critical in your company’s market placement planning. The complexly of the intertwined nature of a global supply chain is sensitive to disruptions in any part of the network. Trauma in one area has a trickle-out affect through the entire network.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Reducing Freight Rates, Logistics Business, Maximizing Routing Efficiencies, 3D Printing, Logistics News, Industry Trends, Technology
We are hearing about 5G everywhere these days. What does it mean and how will it affect our industry? 5G is the 5th generation mobile network. It is a new global wireless standard after 1G, 2G, 3G, and 4G networks. 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices.
Read MoreTopics: Third Party Logistics, Freight Bill Auditing, Intermodal Freight, Transportation News, Logistics Business, Maximizing Routing Efficiencies, Industry Trends, Technology, Big Data
The global impact of Covid-19 continues to impact the Logistics industry. Increasing demand and a looming labor shortage is forcing freight rates up and capacity down. Persistent labor shortage, particularly for warehousing and distribution, is slowing supply chain and logistics activities. Regardless of specific mode, the warehousing and distribution environment appears to be a common issue for many freight operators right now.
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President Biden introduced a $2 trillion plan on Wednesday to overhaul and upgrade the nation’s infrastructure, calling it a transformational effort that could create the “most resilient and innovative economy in the world”.
Read MoreTopics: Supply Chain Management, Third Party Logistics, Intermodal Freight, Reducing Freight Rates, Logistics News, Industry Trends
In today’s Logistics business time and performance are key to success. Now more than ever analytics, metrics and key performance indicators are critical components in planning and execution protocols. Today’s logistics market is more demanding than it’s ever been. Businesses across the supply chain are now expected to easily adjust to shipment patterns, predict customers’ buying behaviors, provide on-time deliveries through the most efficient routes possible, and reduce the risks of cargo inventory errors and miscalculations. Predictive analysis allows for advanced planning for future demand based upon historical data. This movement towards anticipatory logistics is already widely accepted among industry decision-makers: A study by the Council of Supply Chain Management Professionals revealed that 93% of shippers and 98% of third-party logistics firms feel like data-driven decision-making is crucial to supply chain activities, and 71% of them believe that big data improves quality and performance.
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Everyone is anxious to turn the calendar page next month. Industries have transformed dramatically as companies across the world rethink business models, restructure organizations, and adapt to ever-changing rules and regulations.
Read MoreTopics: Third Party Logistics, Transportation News, Maximizing Routing Efficiencies, Logistics News, Industry Trends, Technology
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