Early this year, analysts predicted a slowdown in the $800 billion trucking industry. Unfortunately, things have turned out even worse than originally predicted — 2019 has found the U.S. in the midst of a freight recession, with significant difficulties in the trucking industry.
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In 2016, Schneider National acquired two specialty trucking companies to launch their last-mile delivery services. Just three years later, they’re shutting down the project, citing poor performance.
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3PLs are well established as vital partners in the modern supply chain landscape. They fill essential logistical roles in warehousing, drayage, intermodal transport, and much more, allowing companies to scale operations at a sustainable pace without taking on massive amounts of infrastructure and investment.
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In the modern global supply chain, complete end-to-end visibility is often regarded as the ultimate goal. But what constitutes end-to-end visibility? As tracking technology becomes more advanced, companies feel the pressure to keep everyone informed throughout the entire supply chain.
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According to a recent report from the IPCC, human beings have a little more than a decade to cut greenhouse gas emissions by half or face unprecedented environmental consequences. The report created a ripple effect through the media when it was released, along with renewed public pushes for substantive change.
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Widespread adoption of machine learning in the supply chain represents a quantum leap for optimization and efficiency analysis efforts. Powerful software can do the work of dozens of human analysts in a fraction of the time, freeing up your experts to focus on teasing out trends and often finding solutions for inefficiencies we didn’t know existed.
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Drayage has long been one of the least understood and most critical processes in the supply chain. Without effective drayage systems, cargo doesn’t get unloaded from container ships and international trucks in a timely manner, creating backups that slow operations at warehouses, retailers, ecommerce hubs, and more.
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While other industries were shifting to digital solutions, many companies on the supply chain operated using the old methods – paper and pen, in many cases. Now that tech innovation is starting has penetrated into warehousing and logistics in a big way, there’s a lot of cybersecurity catch-up to be done.
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In 2019, the role of warehousing in the supply chain is evolving to meet new consumer expectations. At the same time, shifting macroeconomic pressures and market demands are impacting how warehouses look and operate.
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For many shipping and logistics organizations, the yard isn’t a revenue driver. If anything, when miscommunication backs trucks and containers up on the yard, it’s where deadlines are missed and dollars fly out the window.
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