Transportation TIP List: Week of May 12th, 2019
Last week at our 17th annual Shipper Symposium, we heard from a number of supply chain professionals and business leaders about current industry trends and solutions for shippers. And with many of these prominent topics still top-of-mind, this week’s TIP List is a fantastic way to continue the learning. Featured articles include info on a recent surge in shipping capacity and the impact of technology on the supply chain – we can’t wait to see you at next year’s Shipper Symposium in Austin!
- Blockchain Supply Chain Initiatives Will Face Fatigue by 2023: Despite what some might call a cooling off period, blockchain remains a popular technology trend. But supply chain leaders are failing to find suitable use cases. Therefore, Gartner predicts that by 2023, 90% of blockchain-based supply chain initiatives will suffer “blockchain fatigue.”
- Shippers, Truckers Wringing Out New U.S. Capacity: Truck registrations in the U.S. are up by double digits, but there’s more to the surge in U.S. truckload capacity and subsequent decline in pricing this year than new Class 8 trucks rolling onto highways. Both shippers and carriers have become more efficient since the capacity crunch of early 2018.
- U.S. Hikes Tariffs Amid Trade Talks; China Vows to Retaliate: On May 10th, the U.S. hiked tariffs on more than $200 billion in goods from China, the most dramatic step yet of President Trump’s push to extract trade concessions. In an immediate statement, China said they would be forced to retaliate.
- Retailers Are Warned to Step Slowly into One-Day Shipping: Retailers anxiously watching Amazon’s one-day shipping push need to get a better handle on their inventory and true demand for super-speedy delivery before setting on a costly scramble to match the e-commerce giant.
- Trucking Rates Continue to Slide Amid Weak Demand, Expanded Capacity: Data on producer prices shows that wholesale inflation pressure rose mildly in March but remain generally subdued in the economy. Industry detail showed that downward pressure in trucking rates continued in April, led by the fourth consecutive monthly drop in long-distance truckload rates.
What industry topics did you find the most captivating during last week’s Shipper Symposium?