Articles
Takeaways
Labor Pains Persist
As rising interest rates, poor economic conditions, and a talent shortage continue, optimism among manufacturing industry leaders remains low, according to a Sikich Industry Pulse: Manufacturing and Distribution report.
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Is the Supply Chain Crisis Easing?
What new and existing supply chain challenges are organizations facing today and how are supply chain leaders thinking about the future?
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Aircraft Shortage: The Plane Truth
Expected aircraft engine shortages will have a substantial impact on the global supply chain’s cargo capacity and more. Fewer available aircrafts, combined with growing demand for air cargo services, could lead to a surge in freight rates, significantly affecting businesses reliant on air for time-sensitive or high-value goods.
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5 Trends to Watch As We Sail Into Peak Season
As shippers approach what is historically retail peak season, understanding the evolving ocean market will be critical to maintaining a resilient supply chain for the long term. Here are five key trends to watch as the ocean market evolves.
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“The Great Reset”
The State of Logistics Report, produced annually for the Council of Supply Chain Management Professionals by global consulting firm Kearney and presented by Penske Logistics, delivers a snapshot of the American economy through the lens of the logistics sector and its role in overall supply chains.
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The Risks of SMB Nearshoring
Small and mid-size businesses (SMBs) are embracing nearshoring to help address supplier challenges such as unreliable delivery time frames and inconsistent product quality. But switching to nearby suppliers is easier said than done.
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Shippers Gain Confidence
What can shippers expect next quarter? BlueGrace Logistics’ Q3 Logistics Confidence Index finds these key highlights: Anticipated revenue maintained a positive trend, decreasing by only 4% across all shippers surveyed. Inventory levels measured highest at neutral and therefore are not expected to expand or contract for Q3. Order volume (sentiment) increased by 5%. That suggests order volumes […]
Read MoreState of Digitization in Forwarding
The pace of digitalization in freight forwarding has accelerated since 2020, as companies increasingly invest in technology solutions to streamline operations, finds a Magaya report. However, the industry still has a long way to go to capitalize on evolving technological advancements. Many organizations still rely heavily on inefficient manual processes. The survey’s key findings include: […]
Read MoreIndustrial Sector Cools, Manufacturing Heats Up
Following record high demand and rent prices notched during the pandemic, the industrial sector’s dynamics are shifting and demand is cooling, finds a new U.S. industrial market update from Savills. Some predictions about where things are headed from here: Vacancy rates are on the rise. While the market is still historically tight, vacancy rates are […]
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Reshoring Moves Beyond the Drawing Table
Reshoring and nearshoring have finally matured into commercial realities, finds Kearney’s 10th annual Reshoring Index Report. Reshoring initiatives have become so successful that companies that took a wait-and-see approach to locating manufacturing operations in the past are now scrambling to find facilities in Mexico and the United States. But the road to reshoring is harder […]
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