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.
Welcome to Logistics Management
WEBSeptember 9, 2024. The new 162,836 square-foot DC is located at 8475 Automation Drive and 30 minutes from the Charlotte Douglas International Airport, said DHL. The company said that this facility is staffed by around 150 employees, working two shifts seven days per week and processing B2C (business-to-consumer) e-commerce domestic inbound and ...
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.
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.
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.
Strategic Transportation Sourcing: 5 tips to improve your position
WEBJun 7, 2016 · Tip 3: Become a “trusted advisor”. For analysts at The Hackett Group, a strategic supply chain consultancy based in Chicago, the ultimate measure of procurement’s performance is its ability to support the company’s strategic sourcing and overall business strategy. They add that procurement specialists must …
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 ...
Top 8 Logistics Challenges Facing the Industry
WEBNov 1, 2017 · Here is a snapshot into 8 of the top challenges facing the industry. Fuel Costs. One of the highest costs contributing to the ‘cutting transportation cost’ concern is fuel prices. Higher fuel prices are likely to increase transportation costs for US shippers this year by pushing up fuel surcharges. Rising US diesel fuel prices are ...