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All Technology: Page 314
Time to Step It Up, 3PL Providers!
Analyst Insight: Third-party logistics providers (3PLs) will no longer be able to squeeze the wages and benefits of their warehouse workers for cost savings. In the past, 3PLs came in with a lower hourly rate and a lower benefit package, with a mix of contract and full-time employees. The savings from this strategy, along with design improvements, workflow and systems, enabled the 3PL to present a value proposition with a lower cost for operation. - Valerie Bonebrake, SVP, Business Solutions, Tompkins
Technology Is Tipping Point for Collaboration
Analyst Insight: As technology platforms become more sophisticated, affordable, secure and widespread, they are poised to become useful tools in spurring collaboration along the supply chain. In fact, when coupled with collaborative buyer-supplier agreements, it could become a primary factor that makes collaboration a reality instead of just an aspiration. - Kate Vitasek, faculty member of the University of Tennessee's College of Business Administration
Maybe Container Shipping News Isn't Quite So Bad After All?
The latest Container Shipping Forecaster from Maritime Strategies International reports "flickers of improvement" in February after an opening to the year which saw 1.3 million TEUs of capacity idle, freight rates struggling and the charter market on its knees.
Internet of Things Brings Greater Visibility to Ocean Shipping
The ocean shipping industry has traditionally used EDI for shipment tendering, booking and milestone tracking. A new solution has emerged that leverages near real time vessel tracking data to improve shipment planning and tracking.
Transforming Supply Chain Operations for the Digital Future
Analyst Insight: The next defining opportunity for supply chain is in digital operations. The scope of digital operations is enormous, and it presents amazing opportunities. But failure - either from moving too fast or too slow - may lead to redundancy or, in extreme cases, extinction. Companies must clearly understand where they are today to drive change successfully and must move with purpose. If they cannot, they will be history. - Peter Anderson, Principal, Advisory, Ernst & Young LLP, & Chekyiu Ng, Senior Manager, Advisory, Ernst & Young LLP
Investing to Become 'Fit for Growth'
Analyst Insight: Cost cutting by itself is not fun for most employees and does not inspire them. But getting lean and cost cutting in some areas to make the company "Fit for Growth" is motivational because the goal is to reallocate resources and invest in capabilities that will help the company win. Once supply chain professionals embrace that the purpose of the cost cutting is smarter investment to become more competitive, they will rally around the cause. - Rodger Howell, Principal, PwC's Strategy&; John Plansky, Principal, PwC's Strategy&
Competing with Amazon Business
Analyst Insight: The power has shifted from seller to buyer as consumers continue to bring B2C online shopping expectations and behaviors with them to the B2B markets they work in. Amazon continues to expand both its same-day delivery capabilities and its product offerings to encroach on some traditionally B2B markets like automotive aftermarket parts distribution. Like it or not, your business is being disrupted by, and in competition with, the Earth's largest retailer and marketing-savvy media company. - John Giangrande, Automotive Aftermarket Industry Leader, Fortna Inc.
Retail Apparel Industry Taps RFID for Inventory Accuracy
Analyst Insight: The retail apparel market continues to lead the charge when it comes to deploying innovative technologies like RFID that allow for much higher inventory accuracy levels and can pave the way for omnichannel retail strategies. Both Inditex and H&M have made strong commitments to RFID technology, following in the footsteps of Macy's, long considered the leader when it comes to RFID and apparel. According to industry estimates, nearly 4 billion apparel items were tagged with RFID in 2015. - John Johnson, Senior Content Specialist, Gartner Supply Chain
View Technologies Issues Pair of Smart Antennas
View Technologies has made commercially available the Echo 300 and Echo 302 smart antennas for capturing real-time data for items incorporating RAIN RFID (Passive UHF) tags in retail, manufacturing and logistics.
Dig In: Restaurants to See Cost of Beef Decrease as Much as 17 Percent
Reversing years of steadily increasing prices, the cost of beef is expected to decrease between 10 percent and 17 percent across all primal cuts in 2016 in what amounts to "the biggest story of the year" for chain restaurant operators, said DeWayne Dove, vice president of risk management for supply chain management firm SpenDifference.
Tanker Rates Off to Good Start, But Could See Softening Later This Year
Tanker shipping freight rates are expected to remain firm in the first few months of 2016, but with the influx of tonnage these rates are expected to soften towards the end of the year, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.
Industry's Use of Robots Is Increasing. What Does That Mean for Your Job?
If a robot takes your job, don't say the government didn't warn you.
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