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Successful manufacturers are always on the hunt for ways to optimize supply chain processes to mitigate risk and limit the slowdown of goods produced and moved. But one critical supply chain process has flown under the radar for decades, and is simply not equipped to handle today’s extreme market volatility.
January 2020 continued to ring in historic numbers for freight volumes and tender rejections. Volume was recorded at 40% greater year-over-year, and average tender rejection remained above 20%. To provide context, January rejects were 3X higher than 2020, and 4X higher than 2019. “Carriers are waiting to see if something better comes up, slowing down the process and increasing the cost,” said Mike Edwards, Sleek Technologies VP Sales. “Some shippers are struggling to move goods because contracted carriers are only accepting 50%-60%”.
Originally posted on FreightWaves
Newly released U.S. Coast Guard video offers visceral proof of just how extreme the congestion has become at the ports of Los Angeles and Long Beach. The new view from above reveals a vast armada of container ships scattered at anchor across California’s San Pedro Bay.
Originally posted on SupplyChain247
Which supply chain challenges will preoccupy companies in 2021? Many are reflected in MIT CTL's research agenda for the new year, so we asked our senior researchers to describe what they would like to achieve in 2021.
Article originally posted on Supply Chain Brief
Some say COVID-19 is changing the future of supply chain. It’s not.
The pandemic has only reinforced what we already knew, what Bristlecone and other industry thought leaders have long been evangelizing: If not built to withstand disruption – or better yet, to leverage it –the supply chain can, and will, crumble under stressors like demand volatility.
Originally posted on K-Ratio
Trucking is a commodity and like any commodity, its price, though volatile and unpredictable, is still subject to the principles of supply and demand. In 2020, these principles, and their derivative concepts, were stressed and stretched to their very limits but always held true. One would be hard pressed to find another calendar year containing as many economic cycles as the prior. Unfortunately, or perhaps fortunately depending on which business one is in, 2021 will likely pick up and continue right where 2020 left off. Despite the extreme seasonality typically found inside freight, markets do not stop or
When a market or industry is disrupted, changes need to be made to help overcome the challenges that caused the disruption in the first place. Remember Blockbuster? They failed to overcome Netflix's new disruption of DVD-by-mail and died over night. Same goes for the supply chain. Everything about the supply chain is evolving right now. And if a company is unable, or unwilling, to join the evolution there will be massive ramifications. So what can a company do to evolve?
As you’ve probably seen, tender volume and rejection rates climbed to new heights Thanksgiving week. Analysts recorded over 17,000 outbound tenders on the day before Thanksgiving. And post-Holiday generated over 12,700 tenders, which represents a whopping 49% increase year-over-year. “There’s a massive amount of volume out there, and reports show that online shopping is already up 22% from last year which means records will continue to be broken,” said Dean Corbolotti, Sleek Technologies VP of Managed Services.
Supply chain competitive advantage continues to be a popular buzz phrase amongst transportation and logistics professionals. Years ago, Amazon found their competitive footing when they promised select products would ship for free and arrive at the customer’s door within 2 days. Fast forward and Amazon now owns the e-tailer space as the largest ecommerce site in the world, using their supply chain as a strategic lever to outperform competitors- especially when it comes to the last mile.