Logistics in a general business sense, manages the flow of goods between the point of origin and the point of consumption to meet the requirements of customers or corporations. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items.
The logistics sector follows the lead in process automation, technological innovation, and environmental conservation in a constantly changing terrain. Logistics organizations need to quickly adjust to innovative technologies, cutting-edge procedures, and strategic approaches in order to survive and prosper in this age of intense competition. As logistics technology continues to advance, the sector should anticipate…
ByEY
Companies are making their supply chains more cost-efficient, resilient and sustainable in an increasingly uncertain world. Over the last couple of decades, many supply chains have become linear global chains, stretched to their limit in pursuit of efficient, mass production with low-cost countries, just-in-time inventory and limited inherent resilience. These models were geared towards growing…
Tender rejection data in the FreightWaves SONAR data platform shows that the freight market bottomed on May 14. Since then, conditions for carriers have slowly been improving. SONAR’s outbound tender rejection index (OTRI) tracks the balance of supply and demand in trucking by measuring the percentage of truckload freight that is rejected. In trucking, supply…
Funding for logistics start-ups tightened in 2022. Where are investors focusing their interest now? After surging in 2021, funding for logistics start-ups slowed substantially in 2022. Among the causes of the slowdown: a more challenging macroeconomic environment coupled with a decline in the growth of e-commerce. Investment in logistics start-ups fell by nearly 50 percent year…
Summary: Supply chains worldwide will continue to be caught between politics, economics and ecology in the future. Whether there will be more regionalization or nearshoring remains to be seen. The question will linger: Who will win and who will lose in this increasingly tense competition? Then logistics experts discuss the challenges and prospects for global…
ByDeloitte
Supply chain issues and production bottlenecks brought to the fore by the pandemic presented opportunities to reshape freight operations Introduction In the years that led up to 2019, the twin rise of e-commerce and consumer expectations began placing unprecedented strain on global transportation networks and logistics providers. Manufacturers and retailers responded by pushing their existing systems—a…
