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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.
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.
Last week, the Council of Supply Chain Management Professionals (CSCMP) had their annual EDGE conference/ exhibit. Like many industry events, the conference was held in a virtual format. Our very own Dean Corbolotti, Sleek Technologies Operations Leader, attended CSCMP. Here are Dean’s cliff notes for those who missed the event.
Carriers have begun to report stronger earnings than expected, contradicting expert predictions that a healthy rebound would not be seen until 2021. Multiple data sources are suggesting that volume will continue to rise throughout August as the industrial sector, along with imports, gets back to full production levels. "We moved a healthy amount of freight last week, almost 3 times more than the last week in May", said Oleg Yanchyk, Sleek Fleet CIO. "Contracted freight can't keep up with the increased demand, so Sleek Fleet is supplementing primary and preferred networks to help our shipper customers avoid the costly spot market". #SleekPOV