On June 20th, Kearney released its 2023 State of Logistics Report for the Council of Supply Chain Management Professionals (CSCMP). This annual snapshot of the American logistics sector details supply chain trends.
Read More >
GlobeCon Freight Blog
$1.5 Billion in State Funding Slated for California Port Improvements
In July 2023, Governor Newsom announced that $1.5 billion in state funding will go toward upgrading California port infrastructure. These upgrades will come in a sweeping overhaul geared toward sustainability and increased efficiency. Of that funding, almost $600 million will go toward the Port of Long Beach and Port of Los Angeles.
Read More >
Nearshoring is on the Rise
For decades, China has been considered a key player in global manufacturing, with its inexpensive, skilled labor and its ability to support supply chain infrastructure. But now, many U.S. businesses are instead turning their sights toward Mexico and Canada, which have seen an increase in nearshoring over the past few years.
Read More >
LTL vs. FTL: Which Is Right for Your Business?
In today’s highly competitive shipping market, you may be weighing the pros and cons of less-than-truckload freight (LTL) and full truckload freight (FTL) for transporting your products from the ports.
Read More >
Assembly Bill 316 May Postpone the Use of Driverless Trucks in California
The California State Assembly passed Assembly Bill 316 (AB 316) on May 31, 2023. The bill will now head to the state Senate, and if passed, it will go to Gov. Gavin Newsom to be signed into law.
Read More > Port Congestion Update: Are the Ports Ready for Peak Season?
The widespread port congestion that has plagued the West Coast is dissipating at a steady rate. But the impact of port congestion has been particularly acute at the ports of Long Beach and Los Angeles, and questions linger ahead of container shipping peak season.
Read More >
Top Supply Chain Cybersecurity Risks in 2023
Cybersecurity remains a top concern for supply chain risk management. Supply chain cybersecurity threats impact data integrity, and past attacks have proven just how vulnerable the supply chain is. In three years, supply chain attacks are up 742%, and cybersecurity experts don’t foresee cyber attacks decreasing anytime soon.
Read More >
Five California Ports Create New Data Partnership
The pandemic brought to light a host of visibility and transparency gaps in the supply chain. Within the last few years, these gaps culminated in huge disruptions, backlogs, and delays, which especially impacted the ports of California.
Read More >
Port of Long Beach 2023 Improvements
The speed of global commerce is only increasing thanks to new customer demands and advancements in shipping and warehousing technology. To stay ahead of the curve, port systems need to strengthen strategic partnerships and stay up to date on the latest hardware and software available.
Read More >
3 Key Trends in Inventory Management
Excess inventory is a problem for many companies right now. Although e-commerce sales grew to $782 billion in 2020 (a 30% increase) — and rose again in 2021, to $960 billion — consumer spending has slowed, growing only 0.3% in the second quarter of this year. And e-commerce sales as a percentage of all retail purchases dropped to 13.9% in Q2 2023, as well.
Read More >