There are a lot more demand forecasts being made today at companies then their used to be. Many of these forecasts depend upon having more data. Traditionally, demand management applications used order shipment history to make forecasts. But gradually new data sets were added that improved the forecasting accuracy. A demand management application can truly be a Big Data solution today.
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I spent the majority of this week in Las Vegas attending the Oracle Modern Business Experience conference at the Mandalay Bay. From a supply chain perspective, the conference looked into how disruptive technologies like IoT and blockchain are impacting supply chain management and the benefits and efficiencies they can add. The sessions were both informative and thought provoking at the same time. But I’ll have more on these topics at a later date. The conference […]
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Two of the biggest and often overlooked challenges facing enterprises today are knowing where to set up shop and how to best leverage enterprise assets across the supply chain network. In the globalized economy, most supply chains are complex and geographically dispersed, serving multiple markets. However, even the small business owner – who markets “farm-to-table” products – faces similar supply chain decision points, albeit fewer in number. Deciding where to locate a hub, where to […]
The post Defining a Balanced Supply Chain Network: Are Your “Walls” and “Wheels” Where They Need to Be? appeared first on Logistics Viewpoints.
US warehousing and storage industry (3PL) employment grew from 779 million in January 2015 to 1.2 billion in December 2018, a CAGR of 11% from 2015 through 2018. At the same time, US unemployment is at historic lows. This suggests that the warehousing and storage industry must hire workers from other industries. Stories about individual warehouses paints a picture of high demand for labor, low availability, and high turnover rates. Something has to “give”.
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St Patrick’s Day is this weekend, where everyone is a little bit Irish. And it wouldn’t be a holiday without Americans spending a lot of money. So just how much money will be spent this year? According to the National Retail Federation’s (NRF) annual survey on St Patrick’s Day, about 55 percent of Americans plan to celebrate. The average consumer plans to spend about $40, which equates to roughly $5.61 billion in total spending. The […]
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Too many larger transportation projects fail to deliver value over time or end up being scrapped because there was inadequate investment in a long-term post-go-live support and growth strategy. The most successful enterprise-wide transportation management programs don’t stop with the successful rollout of the system. Instead, they go on indefinitely, delivering more business value over time. To sustain and grow their transportation management success, companies need to implement a competency center. This post summarizes the […]
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As I wrote about a few weeks ago, I spent the first week of February in Orlando attending ARC Advisory Group’s Industry Forum. The event had a heavy focus on how digitizing factories, cities, and infrastructure will benefit technology end users and suppliers alike. While I was there, I had the opportunity to sit down and interview a few ARC analysts including Craig Resnick, Greg Gorbach, Larry O’Brien, Mike Guilfoyle, Harry Forbes, Will Hastings, and […]
The post 2019 Supply Chain Trends appeared first on Logistics Viewpoints.
If your company is experiencing inventory accuracy problems, the problem extends across your entire logistics network—and right to your end customer. Here’s how digital inventory technologies are helping companies solve those challenges. The supply chain industry is going through a transformation because customers’ expectations are changing and labor is hard to find and retain. If you add to that the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in […]
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HighJump, a global provider of supply chain solutions, wrapped up its annual user conference, HighJump Elevate, last week. HighJump is a leading provider of warehouse management systems (WMS), but their solution portfolio is broader.
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One of the things I like best about the user conference season, other than seeing new innovative technologies and learning from my peers, is the fact that I actually get to watch movies on my flights. I recently watched Bohemian Rhapsody, the based-on-reality movie about the life and times of Queen and its front man Freddie Mercury. Rami Malek’s transformation into Freddie Mercury, as well as the other actors portraying Brian May, Roger Taylor, and […]
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Our industry’s cyclical pattern of tension and slack has become familiar to many of us. To understand whether demand for truckload capacity will be up or down in the coming year, it’s critical to watch the economy. With slower economic growth forecasted for 2019, we could expect a more historically normal level of truckload market balance than we had last year. In addition to economic growth, there are a variety of factors that will influence […]
The post 5 Truckload Shipping Trends For 2019 appeared first on Logistics Viewpoints.
The overall structure and content of the MHI Promat and Modex events evolves very slowly from year to year. However, a prevalent theme seems to arise each year that differentiates one event from years prior. I’m told that robotic piece picking was the stand-out theme at LogiMAT last month and that theme will surely cross the pond to ProMat next month. I plan to spend a large portion of my time in Chicago at the […]
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Canadian National is committed to sustainability and outperforms their peers in this area. Canadian National is using fewer railcars and locomotives to ship more freight. Achieving these gains have been aided by some interesting supply chain technologies. This is also good for the bottom line.
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I spent the better of the last week in the sunny, warm confines of Southern Florida. It was a harsh dose of reality coming back to Boston and a snow storm. On our trip we saw iguanas, sea turtles, vultures, (wild) alligators, and a host of other animals. When it comes to animals, one of the best things I did with my family on vacation was to visit Panther Ridge, a non-profit conservation center in […]
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Kraft Heinz Company’s stock plummeted last week despite having one of the most efficient supply chains in their industry. The shares dropped as much as 28 percent one day after writing down the value of some of the Kraft and Oscar Mayer brands and other assets by $15.4 billion. The company's portfolio is filled with food products like Oscar Mayer hot dogs and Kraft macaroni and cheese that are perceived to be less healthy by consumers seeking fresher, less processed alternatives.
The post Kraft Heinz Stock Plunges to a Record Low Despite a Highly Efficient Supply Chain appeared first on Logistics Viewpoints.
Last summer, I wrote an article about the future of electric trucks. Notably, I outlined that the industry was ready to transition to zero-emission trucks and that a number of major manufacturers including Tesla, Daimler, Thor, and Toyota had unveiled electric class-8 trucks while UPS, FedEx and DHL had unveiled electric class-6 parcel trucks. But now the big question is whether the industry is ready for autonomous trucks. The jury is clearly still out on […]
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Deutsche Bahn believes that additive manufacturing will result in high savings - in the multi-digit million range - in warehousing and spare parts procurement. Additive manufacturing, also known as 3D printing, is of the upmost importance for Deutsche Bahn, especially in the management of spare parts for older trains. But an international conference on this subject also pointed to the challanges of using this still immature technology.
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