While many shippers have made a Transportation Management System (TMS) part of their supply chain management suite, a significant portion of the industry is still relying on manual methods to try and track their freight spend—as much as 25% by some estimates. If the coronavirus has taught us anything, it’s that we all need to be able to access reliable information at any time from any place. A TMS became a requirement for shippers before 2020, but COVID-19 has driven the point home even more.
While nobody was watching, the United States launched a new federal agency this January: the United States International Development Finance Corp (DFC). Its mission at launch was largely to counterbalance China’s growth by boosting other overseas development. This mission quickly gained relevance as the pandemic grew, and in May the agency was also tasked with helping bring more manufacturing back to the United States.
Market Recovery, Parcel Surcharges and LTL Sourcing
By Jean Regan, President & CEO
By Jean Regan, President & CEO
The last decade closed out with many media stories raising awareness of the need for women’s place in society to advance. To start the year on an encouraging, positive note, here are a few areas where we’re seeing progress in the field of logistics or in the bigger picture. We hope that these stories will provide motivation to keep pushing forward.
The industry of logistics and transportation is changing faster every year. To examine the goals of transportation departments and avoid another future capacity crunch, a group of experts from CSCMP in conjunction with others created a new study, Logistics 2030: Navigating a Disruptive Decade. Their findings draw on surveys, focus groups, and individual interviews as well as broader industry research. With so much change each year and increased competition, it is important for companies to always be evolving. Transportation is an industry with growing importance and having a tactical approach, including “tailoring service to customer needs, maintaining operational flexibility and capacity, advancing technology, and maintaining an extensive service network”, has become essential for “transportation excellence”.
