Why Shippers Love Supply Chain Visibility

Posted by PLS Logistics March 23, 2017 at 10:22 AM

Visibility refers to understanding what goes on between the start and end of a process. With supply chain visibility, companies can analyze data and evaluate suppliers, processes and prices.

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Disruption from Your Supply Chain: Product Recalls

Posted by PLS Logistics December 6, 2016 at 10:30 AM

A product recall is the process of retrieving and replacing defective or unsafe consumer goods. When a company issues a recall, the company or manufacturer absorbs the cost of replacing and fixing those defective or unsafe products. Recalls create tension in the supply chain and test consumer relationships, affect sales, and can negatively affect a brand’s reputation.

Supply chain disruption, such as a product recall, is the fastest growing threat perceived by businesses, according to the annual Horizon Scan report. 49% of those polled identified increasing supply chain complexity as a trend, leaving their organization vulnerable to disruption from conflict or disaster.

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More Connected Devices Creating Supply Chain Vulnerabilities

Posted by PLS Logistics July 27, 2016 at 10:30 AM

Cyber-attacks are an increasing threat in the transportation and logistics industry. Transportation and logistics are integral to the world’s economy, and therefore, a valued target for hackers.

According to the US Department of Home Security, the threat of cyber-attacks is very real. Companies who manufacture, transport and facilitate goods have been using connected devices in order to collect data for IoT initiatives, but unbeknownst to them, this technology is giving hackers easy access to company systems and information.

Collecting and analyzing big data has become an important supply chain strategy. Now, it’s also increasingly important to protect the systems generating sensitive information.

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FAST Act will not be Fast Enough for U.S. Infrastructure

Posted by PLS Logistics May 4, 2016 at 10:30 AM

For decades, U.S. infrastructure has been supported by last-second, short-term funding that’s been far from adequate. The recent implementation of the Fixing America’s Surface Transportation (FAST) Act was a much-needed boost in funding, but shocking new statistics from the DOT have brought into question whether it will be enough to stabilize our crumbling infrastructure.

Freight Activity will Increase Dramatically

The DOT’s Bureau of Transportation (BTS) and Federal Highway Administration (FHWA) recently released data forecasting freight growth in the next few decades. The data reveals an extreme rise in freight tonnage and a healthy, vibrant economy.

The BTS and FHWA predict daily over-the-road (OTR) freight tonnage to grow 40% by 2045 to 25 billion tons, with the value of that freight increasing 92% to $37 trillion. Compare that to 2015, where 18.1 billion tons of goods valued at $19.2 trillion are moved via trucks daily.

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Climate Change Disruptions, Disasters and Preparedness in Transportation

Posted by PLS Logistics April 26, 2016 at 11:00 AM

Disruptions are Difficult to Manage

Businesses are woefully unprepared for disasters and disruptions in their supply chain. In fact, two-thirds of employees say their businesses have not reassessed safety and crisis plans since the last time they faced a natural disaster.Truck_in_flood_water.jpg

In the first half of 2014, the U.S. lost $50 billion in productivity due to natural disasters. Much of the disruption is from delayed or stopped transportation, which is particularly susceptible to poor weather conditions and natural disasters.

Some companies are reactive and agile during a disruption or disaster – using a transportation management system (TMS) to reroute freight in transit and schedule alternative modes for inventory on hand. But, most companies aren’t able to be proactive when disruptions occur, and many find it difficult to be reactive in these situations.

It is likely your company will be hurt by the next potential disruption in your supply chain. Often times, natural disasters and disruptions are unavoidable, and all you can do is limit the damage done to your supply chain.

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