Thanks to the congestion in Los Angeles, container rates and volumes in Savannah are both hitting highs. When will volumes stabilize?
The global chip shortage has been running rampant for more than three months now. U.S. senators urged President Biden this week to work with Congress to address this threatening problem.
2020 brought disruption and volatility. But dealers, against all odds, actually performed much better than expected.
According to recent survey data from Bringg, same-day delivery will become a status quo offering from retailers in 2021. But is it the right move? Not for the vast majority of retailers. Here’s why:
Automakers called on the Taiwanese government Tuesday to persuade Taiwan chip manufacturers to reallocate production capacity for the auto industry. It looks like those pleas for help were heard.
Bid season is here, which means contract rates are catching up to spot rates and in turn loosening capacity.
Grocery is the only retail segment that has maintained (and even grown) its e-commerce penetration since peak levels in March, indicating the new normal is already here. The new normal is a much higher level of online demand, and grocers are getting wise about their fulfillment methods.
Lean inventory doesn’t sit well with supply volatility. The chip shortage, as well as the pandemic, have been a wake-up call for supply chain managers.
Sustainability efforts are becoming a major focus for CPG companies as consumers demand investments in a cleaner future.
There’s a push for more digitization and a growing need for more software as more EVs emerge and more self-driving capabilities are added to cars. Automakers are finding themselves without the expertise to fulfill the need for connected services and AI insights.
Retailers with physical footprints have been able to leverage new modes of fulfillment to pass increased costs associated with online delivery to consumers and their suppliers. But for digitally-native brands without access to physical stores, this could be painful should it become the new normal. If you ask FedEx, it already has.
The past 12 to 18 months have been nothing short of spectacular for Peloton. It has cemented itself as a prominent fitness brand with a base of fiercely loyal customers while growing revenues 233% yoy in Q3. But the company has outkicked its coverage and capped potential growth due to its supply chain constraints and lack of visibility.
Capital Logistics COO Michael Feig says it’s too early to tell if the summer will bring tight capacity to the reefer market.
Despite losing momentum sequentially for the last three months of the year, holiday sales grew 8.3% year-over-year. The surprising data is further evidence of the resilience of the American consumer, and the ability for retailers to influence how and when people shop.
Reshoring had been in a slump the past decade, but 2020 saw it increase by more than 45%. As companies look to bring home operations, nearshoring will be on the rise.
The Trump Administration announced an import ban on all cotton and tomato products originating in China’s Xinjiang region citing evidence of forced labor. This ban is much bigger than just cotton and tomatoes. It is a call to action for all retailers to better understand their sourcing practices.
OEMs will be able to close the gap that Tesla created with the help of energy policies from the White House and infrastructure already set in place.
Recent analysis from Gartner shows retailers with more than 50% of revenue from the online channel have logistics costs as a percentage of sales that are almost double those of their store-focused counterparts.
Reefer truckload capacity begins to tighten further in the Midwest and Southeast
Dealerships across the nation are already feeling the pressure of low inventory levels. A chip shortage is turning up the heat even more.
