Global Labor Rates: China is no longer a low-cost country
WEBThe race to manufacture and source products in China started in the late 1990s and continued for two decades.. As China ascended to the World Trade Association in 2001, accessibility of this low-cost labor and low-cost operations country looked very attractive to global manufacturers, and many companies set up factories in China or began sourcing Chinese parts and products.
Global Logistics: Challenges in our changing world
WEBThe COVID-19 pandemic set in and made a massive impact on global trade and amplified existing logistics challenges around the world; lockdowns triggered rapid growth in e-commerce, putting additional strain on already strained freight networks; and a last-minute Brexit deal was finally reached following a few chaotic weeks at the UK border.
Welcome to Logistics Management
WEBIn this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Matt Muenster, Chief Economist for Green Bay, Wisc.-based Breakthrough, an innovator in transportation management, dedicated to creating transparent and fair strategies for the world’s leading shippers.
Top 30 Ocean Carriers: Riding high on wave of profits
WEBThis is a time of highly disrupted supply chains compounded by cascading issues. Yet ocean carriers are riding a high wave of unprecedented record profits. Maersk, now the world’s second largest shipping company, reported second quarter 2022 revenues of $21.7 billion, marking a 52% increase compared to the same period of 2021.
Top 50 Trucking Carriers 2022: Pedal to the metal
WEBApr 1, 2022 · ABF Freight System, the nation’s 7th-largest LTL carrier, achieved an 89.9 operating ratio for last year. As a result of the Teamsters’ profit-sharing plan with ABF, that kicked in a 3% bonus for all covered ABF employees on top of their yearly earnings, estimated to be at least $70,000.
Top 8 Logistics Challenges Facing the Industry
WEBNov 1, 2017 · Some other obvious pain-points make the list as well, but perhaps the most important and at times challenging concern is the need for greater innovations and technology advances while remaining budget-conscious. Here is a snapshot into 8 of the top challenges facing the industry. Fuel Costs. One of …
Top 50 Third Party Logistics (3PL) Providers 2022: 3PLs face big ...
WEBJust when the world’s third-party logistics (3PL) providers thought they had seen the worst of the supply chain chaos, Russia invaded Ukraine and China implemented lockdown measures in Shanghai. “The year 2021 was an interesting for both ocean and air,” reflects Tim Scharwath, CEO of DHL Global Forwarding.. “But within the first two-and-half months of 2022, things became worse.
Top 50 US and Global Third Party Logistics 2020
WEBJun 2, 2020 · While compiling its annual list of Top 50 third-party logistics (3PL) players, Armstrong & Associates (A&A) always seeks to find a few leading trends that indicate where the market is heading on both the provider and shipper sides around the world. After working on the lists and the supporting report, Evan Armstrong, president of the consultancy, suggests to shippers that quick, tactical ...
Top 50 Trucking Companies: The strong get stronger
WEBTop trucking executives say that the key to success in such an unusual year was flexibility, quick strategic thinking and the ability to motivate people. “We changed everything we did and how we did it—overnight,” explains Rourke. “However, that demonstrated how resilient people are when change is forced upon them. People can do great ...
Creating smarter loading docks - Logistics Management
WEBTo accommodate these needs, Systems LLC began Wi-Fi-enabled smart controllers that companies can use to manage dock operations. “That was the catalyst behind moving the data that exists at the loading dock area into the Cloud,” says Pilgrim, “where companies can compare periods of time, individual docks and entire facilities with one ...