Transportation TIP List: Week of July 15th, 2018
This past weekend, France was crowned the World Cup champion. And just like the French soccer team, we know that supply chain success often relies on goals, game planning and an intricate strategy. Our TIP List this week covers one method to help achieve transportation excellence – OGSM (objectives, goals, strategies and measurements). Read on for all the leading industry news and trends.
- Achieving Transportation Excellence by Focusing on Daily Improvement: In order to establish a disciplined approach to business management, it’s helpful to use a proven process such as OGSM – Objectives, Goals, Strategies and Measurements. This planning process provides clear goals and identifies the strategic choices to achieve them.
- Soaring Cost of Trucking Threatens to Stoke U.S. Inflation: A shortage of drivers, new regulations and solid demand are driving up rates charged by trucking companies to haul loads over the country’s more than 46,000 miles of interstate highways. Combined with higher materials prices and rising transportation costs are putting pressure on producers of goods.
- The Trucking Industry is in a Capacity Crisis — But it’s Just Part of the Business Cycle: Orders for heavy trucks that haul trailers loaded with everything from junk food to oil-field equipment across the U.S. skyrocketed to 41,800 orders, 141% in June compared to a year ago, making it the highest June ever recorded.
- 6 Questions and 1 Answer About Blockchain in Logistics: The benefits of blockchain include: increased visibility and transparency, decreased fraud, less paperwork and more efficiency. But supply chains are grappling with how best to implement the technology.
- Record U.S. Imports Forecast for Peak Season: U.S. importers plan to bring in record container volume this peak season, bringing year-end growth over 2017 to between 3.8% and 4.8%, according to the Global Port Tracker.
What strategies do you use to achieve operational success?