Strategic initiatives like sustainability and digitization remain top of mind for supply chain leaders, but whether they choose to take advantage of a softer freight market remains to be seen. Despite the slowdown, there’s a lot going on. Let’s dive in.
import volume has shifted East, FourKites’ Glenn Koepke
tells Bloomberg that he doesn’t expect West Coast ports to be down for long, predicting that the third quarter is when volume will likely rebound.
Inventory carrying costs continue to rise, but 40% of logistics managers surveyed
said they are not cutting orders, while a little under one-fifth (18%) said they are cutting orders by 30%.
Digital twin technology in retail is growing, with logistics professionals and operators realizing they “can
simulate those hundred thousand web orders that are going to come down at 4 o’clock, because people like to drop those at the end of the shift” and assess the impact before it happens.
FDA’s new Food Traceability Rule will require companies on its
Food Traceability List that manufacture, process, pack or hold foods
to maintain and provide data on critical tracking events to their supply chain partners.Read on to learn the potential implications.
By using FourKites’ Sustainability Dashboard, we were able to show the EPA how we are tracking carbon emissions. The fact that we have that information at our fingertips makes things really easy. We’re also in the process of doing a global assessment of our corporate footprint, and the information we can pull now is going to be so helpful.
FourKites announced the appointment of Rocky Subramanian as President, to oversee all customer functions. Learn more about his experience and his vision for the industry in this Q&A with Logistics Management.
Retailers are looking to streamline inventory management, invest in more agile fulfillment models and increase customer satisfaction with last-mile delivery. Learn how in FourKites’ latest report.
With many aspects of operations returning to relative normalcy, there’s an incredible opportunity for manufacturers to leapfrog their competitors— if they can avoid falling back into old habits that allow for inaccuracies and waste. Learn how.