5 Ways How Advanced Technology Is Disrupting Transport And Logistics Business Models

| March 31, 2020

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The transport and logistics industry has a lot of suppliers who have had to change the model of their business in the last few years. Many of them have had to adapt and deploy innovative technologies, so, that shipping cab becomes more sustainable flexible and efficient as the growth of the industry continues. This has resulted in the disruption of the traditional business model that transportation and logistics companies are known for. As a matter of fact, in the coming decades, some of these business models will be fully upended, an example of this is the freight brokerage.

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LoadDelivered Logistics

Founded in 2008, LoadDelivered has built an impressive portfolio of national customers and carriers, ranging from Fortune 500 shippers to small distribution networks. With a focus on providing unparalleled, high-touch service, LoadDelivered leverages the industry’s most innovative technology and dedicated teams to solve our customers’ most challenging problems.

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3 Ways to Benchmark to Boost Supply Chain Performance

Article | April 20, 2021

You might be wondering what the benefits are of benchmarking. Well, imagine you are training for a 100 metre sprint in your district. What would be the key number, or metric that you would need to know? It would, of course, be what the winning time was when this race was last run in your district. Without that information, you don’t know what you’re trying to target. It would be impossible to know if you’ll have any chance at all of winning the race. It’s exactly the same in business. If, for example, you are concerned about the pick rates in your warehouse, or your transport costs, or your inventory accuracy, benchmarking can help you because it can show you exactly where your performance is compared to others in your industry. A few years ago, I was working with an automotive parts business. They had a little issue with their picking productivity in the warehouse. They wondered how good it was, whether they could improve it. They actually thought it was okay. We looked at the figures and compared them with other businesses. This helped us realise that their picking productivity should be three times better than it was. And believe it or not, over a few months they did begin to improve their productivity. Why? Because benchmarking opened their eyes to the fact that they were at a level quite far below others in the industry. That’s the beauty of benchmarking. Until you know what others are doing, you can’t be sure how good your performance is. If you’ve never tried benchmarking, there are three ways you could do it. 1. Informal Benchmarking This exercise would involve you measuring particular functions or aspects of your business and comparing that against other parts of your business. Let’s say you have a warehouse operating in one city and another operating in another city. You might start to measure the same metrics and see which one is performing better. You might know other people in the industry who are also operating warehouses so you might agree to share some data with them. This is probably the easiest way to start off, but it has some downsides: You’re only measuring against a very small sample size. If all of you in the pool are not that good, how would you know what good is? You have to make sure that the businesses are similar and you are measuring things in exactly the same way. It’s very important in benchmarking to have a standard way of applying the metric. 2. Formal Benchmarking This can work for much larger businesses. Perhaps you have operations in many different countries. You could agree a formal structure for how you are going to measure performance. You could do monthly or quarterly benchmarks with all the parts of your international organisation. You could learn from each other and share best practice. This method is okay but you’re not getting access to a very large pool of results to measure yourself against. You will find that companies are very reluctant to give out benchmarking data. You might also be operating in an environment where the performance is quite low right across the business. 3. Hire a Professional Benchmarking Firm This is the ultimate way to do it, although there are not a lot of professional benchmarking firms such as ours around. If you do manage to find one, you will quickly realise that there are significant benefits to be had by bringing in the professionals: The metrics are put together in exactly the same way: When we do a benchmarking exercise for our consulting clients, we go through a very robust data-gathering process and then make sure all the costs, for example, are in the same buckets as everyone else’s in the database. You gain access to a big pool of results: Professionals have measured hundreds, if not thousands, of companies. This enables you to say, ‘Our company is this size, it operates in this industry, these are the characteristics of our supply chain, who else in that pool of results is like us? We want to be measured against them.” It’s no good measuring the performance of a grocery retailer, for example, against an industrial product supplier. They have different supply chains. You need to be measuring like with like.

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Article | April 20, 2021

Countries globally are working tirelessly to enforce containment measures in an effort to halt the Coronavirus' path of destruction. However, these measures may impose significant consequences on global supply networks. Given China’s position in the global economy, the Coronavirus, COVID-19 , has the potential to disrupt sourcing and manufacturing processes significantly.

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3PL 2020 Trends: The Year of Tech & Services to Move Shippers Forward

Article | April 20, 2021

Recently, 3PL Central had the honor of sponsoring the annual state of third-party logistics (3PL) report. The report identified key trends and movements within the industry, and the top 3PL 2020 trends include 3PLs leveraging technology and software as a service (SaaS) models to enable continuous growth. The top 3PL 2020 trends include a major prediction to achieve a balance between shippers and carriers, and as 86% of US shoppers rely on at least two channels for their purchases, opportunities within the 3PL industry must reflect the changes and requirements of e-commerce.

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Digital innovation in logistics warehouses

Article | April 20, 2021

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Spotlight

LoadDelivered Logistics

Founded in 2008, LoadDelivered has built an impressive portfolio of national customers and carriers, ranging from Fortune 500 shippers to small distribution networks. With a focus on providing unparalleled, high-touch service, LoadDelivered leverages the industry’s most innovative technology and dedicated teams to solve our customers’ most challenging problems.

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