Tue.Oct 31, 2023

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October 31, 2023 Update

Freightos

Blog " * " indicates required fields Email * Name This field is for validation purposes and should be left unchanged. More Resources Home October 31, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.

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Halloween 2023

Enterra Insights

Consumers weren’t surprised when Halloween displays started showing up in stores this past July. After all, Halloween is big business. Despite inflation and economic uncertainty, the National Retail Federation (NRF) predicts consumers will spend a record-breaking 12.2 billion dollars celebrating Halloween this year. Journalist Nate Delesline III reports, “Prosper Insights & Analytics surveyed about 8,000 people and found that 73% of them said they plan to participate in Halloween

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No One Wants a Trick When It Comes to Supply Chain Planning

Arkieva

There is little room for supply chain surprises. Much like getting the candy mix right for trick-or-treaters, we must ensure products arrive on time. No One Wants a Trick When It Comes to Supply Chain Planning was first posted on October 31, 2023 at 8:15 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

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Supply Chain Resiliency: Driving Innovation Through Evolution

Supply Chain Brain

Ongoing disruption requires companies to make a fundamental shift in their supply chain strategy. What makes this transformation so difficult is that the scope of change required is extensive, involving many internal (and external) stakeholders, data and technology.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Halloween Nightmares: Mitigating Risk for Importers

QAD

Confiscated imports and delayed deliveries. These are some of the nightmares that keep importers and supply chain professionals awake at night. Fall has always been one of my favorite times of the year: crisp evenings by the fireside, the changing leaves, and as we move towards the end of October, Halloween. As a kid, the combination of the uncanny and candy made Halloween irresistible.

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Supply Chain Coaching – What is it and Why use a Coach with Trent

Logistics Bureau

So, what is Supply Chain Coaching? Is it a thing? What are the reasons for using a coach? What can they help you with? This week, we hear from Trent Morris, who regularly coaches businesses in Supply Chain improvement all over the world.

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Transformation for Supply Chain Resilience: Engineering and Manufacturing’s Crucial Role

Supply Chain Brain

Companies are urgently evolving to new levels of technology and process maturity to address increasing challenges. But, what does supply chain resiliency look like and how do companies need to innovate to achieve it?

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Orlando: A Prime Choice for Starting Your Business

IT Supply Chain

By Jessica Sweet (pictured) Content Writer at makeLifeSweeter.com The post Orlando: A Prime Choice for Starting Your Business appeared first on IT Supply Chain.

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The Supply Chain Disruption Survival Guide

Supply Chain Brain

This report delves into the crucial relationship between last mile delivery solutions and preparedness for potential supply chain disruptions, notably major carrier strikes.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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Retail Logistics relies on Omnimodal TMS for Omnichannel Customer Service

MercuryGate

How do shippers and LSPs focus on logistics cost management, improve supply chain resilience, and create a truly orchestrated, transparent value chain that enables real-time reactions to avoid supply chain disruption? The answer lies in your transportation management system. The post Retail Logistics relies on Omnimodal TMS for Omnichannel Customer Service appeared first on MercuryGate International.

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IDC: The Utility of AI in Supply Chain Planning

Supply Chain Brain

Read the IDC Analyst Connection sponsored by SAP, “The Utility of AI in Supply Chain Planning,” to explore how forward-thinking companies are already using AI.

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A DIY Way of Converting OST to PST Format

IT Supply Chain

By Claire Lloyd (pictured) Content Writer The post A DIY Way of Converting OST to PST Format appeared first on IT Supply Chain.

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Two Considerations in Building Trustworthy Supply Chain AI Models

Supply Chain Brain

How does the data that fuels artificial intelligence models impact accuracy and utility? In other words, can we trust it to provide useful intelligence?

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Executive order on AI safeguards

IT Supply Chain

By Michael Covington (pictured) VP of Strategy, Jamf The post Executive order on AI safeguards appeared first on IT Supply Chain.

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Accenture Study Provides Evidence of Supply Chain Resiliency Actions

Supply Chain Matters

The Ferrari Consulting and Research Group via its Supply Chain Matters outreach blog highlights a recently published survey sponsored by Accenture that provides findings indicating that companies are indeed investing in supply chain resiliency capabilities to mitigate business disruption. Background As the month of October comes to a close, we revisit one of our 2023 Predictions for Industry and Global Supply Chains published at the beginning of this year.

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Recycle Revolution: How To Increase Recycling Rates With 2D Codes & The GS1 Digital Link

IT Supply Chain

By Lee Metters (pictured) Group Business Development Director, Domino The post Recycle Revolution: How To Increase Recycling Rates With 2D Codes & The GS1 Digital Link appeared first on IT Supply Chain.

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Unilever Presents Its Success Story with Solvoyo at Gartner SC Planning Summit

Supply Chain Management and Analytics

At the 2023 Gartner Supply Chain Planning Summit in London, Unilever’s Head of Supply Chain, Graham Sommer, presented Unilever’s norm-busting end-to-end decision automation case study titled “How technology makes continuous innovation possible.” The focus was on Unilever’s successful collaboration with Solvoyo. This partnership has enabled Unilever to achieve end-to-end supply chain decision automation with minimal … Continue reading "Unilever Presents Its Success Story with Solvoyo at Gartner S

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Unwrapping Honey Mama’s year of growth with Crisp

crisp

From Portland, Oregon farmers markets to national shelves, Honey Mama’s has crafted a uniquely memorable presence in the world of chocolate. With Crisp’s insights, retail strategies have been tempered to perfection. Tucked in the heart of Portland, Oregon is Honey Mama’s, a beloved refrigerated chocolate brand that has grown from its Pacific Northwest roots into a nationwide treasured treat.

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Why 3PL outsourcing for warehousing operations makes sense

Kanban Logistics

If you’re outgrowing your current warehousing partner or are ready to make the leap from DIY to a more robust operation, 3PL outsourcing may be the answer. In this article, we’ll tell you a little about what a 3PL warehousing operation looks like and give you 5 benefits that an outsourced 3PL relationship can have for your business. What is 3PL warehousing?

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Workforce Optimisation in the Manufacturing Industry

Unleashed

The objective of workforce optimisation is to reduce operational costs by boosting productivity and employee output. It’s an essential process for achieving maximum success in manufacturing. This leads us to the real question: How does one optimise an entire workforce? In this article, we highlight some practical workforce optimisation solutions, outline the importance of workforce scheduling optimisation, and explore the differences between workforce optimisation and workforce management.

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Ways to Manage Remote Teams and Fostering Collaboration

American Global Logistics

As the world of work continues to evolve, we find ourselves during a paradigm shift - the rise of hybrid work. Combining remote and in-office work, this model is rapidly becoming the norm across industries, including logistics. Shippers looking to hire a third-party logistics provider (3PL) now more than ever need to understand how to manage remote teams effectively and foster collaboration.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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Supply Chain News on What Happened to Push Convoy Under

Supply Chain Digest

It could not Get Big Enough Fast Enough, and was Losing 10 Million a Month

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Everything You Need to Know About Yard Management

C3 Solutions

Everything You Need to Know About Yard Management: From real-time visibility to process automation and digitizing yard operations, YMS is reshaping the future of yard management.

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Over 75% of Companies Consider Using Tech to Improve Product Development

Supply Chain Brain

Responders raised concerns about workforce productivity with 62% of interviewees claiming they are training existing staffers in order to enhance their skills and productivity.

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Order Fulfillment Pricing: Why Details are Your Friend

Amware Logistics and Fulfillment

In today's fiercely competitive e-commerce landscape, where super-efficient fulfillment is critical, the pricing for order fulfillment services remains a puzzle. For e-retailers, understanding pricing basics is vital, especially since 60% of online retailers at least partially outsource fulfillment. But be wary of providers who promise to make it easy with instant quotes based on limited data.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Bottoming Out: Freight Rate Rebound Poses Risk for Shippers

Supply Chain Brain

Data analytics point to a market inversion: Rising spot rates are about to exceed contract rates for the first time since early 2022. The history of such inversions tells us that contract rates will follow the upward path of spot rates after a few months’ lag. How can shippers take steps to protect their profits in this new environment?

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Order Fulfillment Pricing: Why Details are Your Friend

Amware Logistics and Fulfillment

In today's fiercely competitive e-commerce landscape, where super-efficient fulfillment is critical, the pricing for order fulfillment services remains a puzzle. For e-retailers, understanding pricing basics is vital, especially since 60% of online retailers at least partially outsource fulfillment. But be wary of providers who promise to make it easy with instant quotes based on limited data.

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Using Data Science to Drive Continuous Improvement in the DC

Supply Chain Brain

Data analysis can also be used to compare the performance of different facilities to understand where improvements need to be made. Companies considering technology investments to optimize DC operations should do so sooner rather than later.

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