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May 2023
Supply Chain News to Know

MAY 2023

News To Know


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.

  The Lead: Green Washout

The risk of greenwashing is increasing with crackdowns on overstated green claims on both sides of the Atlantic. Despite that threat, the figures are consistent with last year’s findings: Nearly 60% say their own organization is overstating its sustainability methods.”
The Wall Street Journal
The problem? Roughly 50% of executives are feeling pressure from stakeholders to increase sustainability efforts — especially in their supply chain — yet nearly 75% don’t know where to begin.

But some companies are making real progress. Here are a few ideas on how to build a sustainable supply chain.

  In View
While 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.

The 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.

  Numbers to Know
As imports from China fall and labor negotiations drag out, East Coast ports have taken market share from their friends in the West.

Words of Wisdom
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.



Read more about FourKites' latest sustainability enhancements

  • 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.
  • FourKites’ ocean team investigated the potential impact of the Ocean Shipping Antitrust Enforcement Act and the Digital Container Shipper Association’s (DCSA) push to convert 50% of original bills of lading to digital within five years and 100% by 2030.
  • 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.
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