As we close out 2023, there are a number of infrastructure projects on the horizon in the United States. Many of the projects that had previously been delayed due to various pandemic-related disruptions have resumed this year. Additionally, Congress has passed the Bipartisan Infrastructure Deal (Infrastructure Investment and Jobs Act), ushering in a new era of infrastructure improvements across the country.
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With ecommerce on the rise, returns are piling up as companies find new means of optimizing their logistics. The cost of retail returns in the U.S. alone reached an all-time high of $817 billion in 2022 — a quarter of which came from online retailing.
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The COVID-19 pandemic brought the importance of a resilient supply chain to the forefront. With delays in the supply chain and inventory woes wreaking havoc on businesses over the past several years, the 2023 supply chain outlook was somewhat guarded, and being prepared for disruption has been a critical focus throughout this year.
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Global shipping plays a crucial role in international trade, but it also contributes significantly to greenhouse gas (GHG) emissions. Because the majority of ships are powered by fossil fuels, the shipping industry currently accounts for 2 to 3% of global carbon dioxide (CO2) emissions — and that number could rise to 17% by 2050 if left unchecked.
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Electronic data interchange (EDI) leverages specialized software to reconfigure business documents in a standard electronic format. This allows supply chain and logistics companies to share and gather data from documents (e.g. purchase orders, invoices, customs forms, bills of lading) regardless of their original format.
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If you’re a beneficial cargo owner, working with a third-party logistics (3PL) partner — especially one that provides both transloading and warehousing services — can offer a number of efficiencies for your business.
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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.
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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.
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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.
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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.
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