Every day, more than 12,000 Millennials become adults. This is an impressive number until you remember that the demographic is currently estimated at being comprised of over 80 million people, according to the U.S Bureau statistics.
The current shortage of truck drivers is estimated at roughly 25,000. The turnover rate, which hit 96% by the end of 2014 is due to a multitude of reasons, including demographic, regulatory, and the fact that drivers are away from home for a period of time, among other factors.
In the past, we’ve discussed how drones and RFID technology are set to impact the logistics industry. These technologies, along with Amazon Robotics (previously Kiva Systems), would have been considered speculative science fiction less than decade ago. These technologies are either only a few years from revolutionizing the supply chain landscape, or have already begun transforming it
We would like to begin this post by saying that our thoughts go out to those affected by the Tianjin explosions, today is definitely a more somber topic but we feel that bringing light to these events might help prevent future occurrences and prepare companies to mitigate risk and such tragedies in the future.
Social media and social networking are two key trends are reshaping how businesses conduct their affairs, communicate with vendors and customers, and even their organizational structure. However, the logistics industry has largely been slow in adopting these technologies and strategies, despite many studies indicating that supply chain managers acknowledge the importance of doing so.
Last week, Frost & Sullivan published the 2015 Supply Chain Foresight report which analyzed key megatrends impacting industry stakeholders. A key point of the survey was that the findings were based on how the industry leaders who participated felt...