The Friday Report July 6, 2018Quick wrap up of a few hot topic newsworthy stories in the supply chain logistics industry
Artificial Intelligence Invades the Food and Beverage Industry
Food and beverage companies are turning to artificial intelligence to improve fast-moving consumer goods (FMCG). Using artificial intelligence and machine learning, food and beverage companies are gaining insight into ways that FMCG can be produced, packaged, warehoused, distributed and consumed. With the huge amount of data that is available for analysis today, supply chain businesses are obtaining a more thorough understanding of what consumers want and expect.
Industry surveys reveal that consumer tastes have changed, sometimes dramatically. Gone is the preference for “household name” brands that seemed to ensure trust in the home.
Online Sales Fuels Growth of Modern Warehouses for E-Commerce
On average, U.S. warehouses are 34 years old, built to handle the rigors of another type of operation. Today’s fast paced online retail industry requires immediate, fast fulfillment and older warehouses are struggling to handle the pace and volume of operations. Antiquated warehouses tend to have uneven flooring, low ceilings and lack the expansive space needed. The way industrial space is used has changed and warehouses need to be outfitted to be used as strategic weapons.
Use of Required Electronic Logging Devices (ELD) Causes Bump in Trucking Prices
Between the U.S. trucking shortage and the new regulation requiring large trucks to use electronic logging devices to record truck driver hours, freight costs have escalated and are likely to continue to increase. With the truck driver shortage, increased demand and recent weather challenges, spot rates have increased 28% this year through March 23rd. Longer term contract rates are anticipated to increase 12% in 2018, the highest in a decade.
Walmart Canada Debuts Blockchain to Track Deliveries Set to go live at all third-party carriers in Canada by February 1st, 2020, Walmart Canada will begin using blockchain technology. The innovative technology will be employed to track deliveries, validate...
For quite some time now, economic experts have been warning of a coming recession. Rather than rehashing the signs of a coming economic downturn, in this blog we will focus on how you can prepare your 3PL or supply chain business for the seemingly inevitable...
Will Google Invade the Logistics and Fulfillment Sector? Along with all things Google, comes some news. Did you know that Google is also focused on e-commerce logistics? Recently Google held a meeting with some heavy hitters, including its parent company Alphabet as...