3 Global Supply Chain Issues Affecting Your Bottom Line

Posted by PLS Logistics March 9, 2017 at 9:04 AM

Large, and even medium-sized, companies that are strictly domestic are becoming increasingly less common. Today, the clear majority of enterprise-class companies are global because the benefits of low-cost sourcing into other countries and selling into new foreign markets cannot be passed up.

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Trending Transportation Updates: February 2017

Posted by PLS Logistics February 28, 2017 at 9:29 AM

  1. “Trucking Futures Exchange” Could Launch This Summer: DAT Solutions and Transvix have teamed up to create a futures exchange that will allow trucking companies, 3PL’s, and shippers to better combat spot market rate uncertainty. The Exchange would use a similar process to the New York Mercantile Exchange and the Chicago Board of Trade. Futures contracts will be bought and sold on commodities like fuel, oil, or grain. (Read more: The Interrelated Issues Facing the Trucking Industry)
  2. Diesel Inches Up 0.7 cents to $2.572 a Gallon: The stronger bite of OPEC production cuts lifted the price of crude to nearly $54 a barrel, analysts said. This is diesel’s second increase after four consecutive weeks of declines. Diesel now costs 58.9 cents more than it was a year ago, when the price was $1.983 a gallon, DOE said.
  3. UPS Moves Closer to Octocopter Drone Deliveries: On February 21, UPS launched an unmanned aerial vehicle from the roof of a UPS truck in Florida. The drone successfully dropped off a package at a home nearby, and then returned to the truck after it moved 2,000 feet from the launch location. UPS hopes the drone implementation will cut costs and ease delivery in complicated places, such as rural areas that have a large distance between stops. However, Mark Wallace, UPS Senior Vice President of Global Engineering and Sustainability, assures customers that the drones will not replace the brown-clad service providers we know and love. (Read more: 5 Common Problems Vendors Have with Routing Guides)
    1. UPS Moves Closer to Octocopter Drone Deliveries: On February 21, UPS launched an unmanned aerial vehicle from the roof of a UPS truck in Florida. The drone successfully dropped off a package at a home nearby, and then returned to the truck after it moved 2,000 feet from the launch location. UPS hopes the drone implementation will cut costs and ease delivery in complicated places, such as rural areas that have a large distance between stops. However, Mark Wallace, UPS Senior Vice President of Global Engineering and Sustainability, assures customers that the drones will not replace the brown-clad service providers we know and love.

Read Next: 6 Trending Transportation Updates: January 2017

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State of the Market: 3PL Relationships Focus on Adding Value

Posted by PLS Logistics February 16, 2017 at 9:30 AM

In the past, shippers and their third-party logistics providers stuck to a uniformly transactional relationship. This relationship was one of utility for both parties, and lacked any true value or longevity.

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What Distribution Centers Need to Enhance Speed and Accuracy

Posted by PLS Logistics October 28, 2015 at 8:00 AM

A recent study by Honeywell and YouGov indicates the substantial impact e-commerce demands have on warehouse design and technology adoption. The survey respondents included hundreds of logistics, DC and IT professionals across the US and Europe. The survey predicts that adoption of mobile and voice-recognition solutions will increase in the next five years. The technology provides distribution centers with order fulfillment accuracy and the ability to quickly satisfy customer service requests.

New technologies are aimed to reduce costly picking errors that happe

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Drayage: Truck Turn Time

Posted by PLS Logistics July 16, 2015 at 9:30 AM

The drayage business is facing a crisis in ports from California to New Jersey. Congestion at coastal ports is adding millions to shipping costs while reducing productivity of drayage companies and threatening commerce’s explosion. Severe winter weather and spring floods slowed truck turn times at intermodal terminals as well. According to Tioga Group, drayage delays have added $348 million in supply chain costs and 15 million hours of work, lost.

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Attracting New Drivers: 7 Smart Changes to Make

Posted by PLS Logistics May 20, 2015 at 9:30 AM

With the US economy expanding at an accelerated pace, many organizations are having trouble filling logistics jobs, especially truck driver positions. The issue isn’t new or sudden, but the pressure for trucking companies is rising as an employment peak in trucking is near, according to U.S. Bureau of Labor Statistics. Carriers are short by at least 30,000 drivers and suffer from a low retention rate.

To hire new truck drivers, transportation companies should consider these 7 best practices:

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7 Surprising Shipping Mistakes that Cost You

Posted by PLS Logistics May 12, 2015 at 8:00 AM

Unanticipated costs and unexpected delays are can negatively impact your supply chain, but there are ways to increase its efficiency. Some of the most common shipping mistakes include not knowing which transport mode to choose, being unclear about government rules, and not understanding different price structures. Avoid these common shipping errors to get your freight to its final destination on time, with fewer expenses.

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Supply Chain Visibility

Posted by PLS Logistics February 23, 2015 at 2:00 PM

 

Visibility into the supply chain is a fundamental part of implementing improvements.  Identifying inefficiencies is the first step to increasing delivery speed, accuracy and reducing transportation costs.  For many supply chains, growing global operations, big data and demanding customer expectations all strain logistics functions, making visibility more important than ever.  Transportation costs continue to rise for most companies.  Visibility presents a great opportunity for significant cost savings.   Full visibility into the supply chain improves all business operations and can provide a competitive advantage.  

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