Transportation TIP List: Week of August 24th, 2015
As we near the end of the month of August and summer season, this week’s TIP list is looking to the future! This latest edition has a common theme – the supply chain. From manufacturing and security to the success of future leaders and optimizing performance, we have the full supply chain scoop below. Read on for all the great info!
- Truck Freight Demand Surges at Fastest Rate Since November 2013: Trucking activity rose to its second-highest level on record in July 2015, as a strengthening economy increased the amount of freight on the road. The amount of cargo hauled by U.S. truckers rose 2.8% in the latest reading of the American Trucking Associations’ monthly index. It was the biggest monthly gain since November 2013.
- Shippers say they’re moving production back to U.S., but stats don’t reflect: After decades of moving operations overseas, executives at U.S. manufacturing and distribution firms say they’re coming home, or at least closer to home via Mexico. Yet in spite of the anticipation over so-called “near-sourcing” and promises that U.S. manufacturers want to move operations back to U.S. soil, the country continues to post net job losses, down 300,000 so far in 2015 alone.
- Success Factors for the Next Generation of Supply Chain Leaders: The APICS Supply Chain Council released findings from its latest industry report, which examines critical success factors of a supply chain leader, including his or her attributes, leadership style, and ability to formally and informally influence a multitude of stakeholders.
- Supply Chain Security: Playing It Safe: Protecting today’s corporate supply chain is a complex challenge. There are more than 20 million conveyances arriving to the United States each year, and the number of times these shipments are handled both internationally and domestically, create many opportunities for illegal activity to occur.
- Is the Information Supply Chain Just Another Supply Chain?: The likes of Walmart and General Motors have spent decades fine tuning their supply chains to speed up the arrival of goods to market, but at most companies, valuable data still sits parked in siloed IT systems and not available to other departments or team members. What can data managers learn from well-oiled physical supply chains? A lot.
- External Insights Critical to Effective Supply Chain Performance: Traditional forecasting models that leverage historical data to predict future performance are the tools used by most supply chain executives to plan critical functions, yet these predictions are frequently inaccurate. In fact, research shows that most quarterly forecasts are off by 13 percent—meaning that supply chain managers are basing their decisions for ordering materials and scheduling distribution on erroneous projections.
- Consumer Prices Rise at the Slowest Pace in Three Months: The cost of living in the United States grew in July at the slowest pace in three months, casting doubt on how quickly inflation will return toward the Federal Reserve’s goal. The consumer price index climbed 0.1% after a 0.3% gain the month before, a Labor Department report showed Aug. 19.
How are these trends affecting your supply chain operations?
Be sure to check back next week for the latest TIP list!