Over the last two years, peak season parcel volumes overwhelmed carrier capacity by several million packages per day, forcing carriers to increase staffing, throttle shipper parcel volumes, raise rates, and increase surcharges. However, this year it looks like capacity could outstrip demand (Reuters). During the pandemic, shippers faced the “Great Resignation” and ongoing labor shortages with historically low vacancy rates making warehouse expansion difficult and expensive. Now a softening economy has caused the first increase in vacancy rates in two years (WSJ). An uncertain and challenging time for warehousing and shippers.
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what's going on at the ports. Oakland if you've been paying attention, Oakland has some protests around the California AB5 Law that shut down a few of the terminals there last week. Terminals are back operating and open. According to the information that we got from the ports and the terminals, detention and demurrage has been extended for those days. It's still a disruption but they are utilized, they are employing that rule to extend the free time.
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Logistics is experiencing rapid change, and we're developing tools to meet new challenges.
In this session, we'll show you the latest enhancements to Oracle Transportation Management, share customer results, and demonstrate how technologies such as machine learning and digital assistants are driving supply chain efficiency and helping companies respond to disruption.
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Join this complimentary webinar to hear from Gartner experts and supply chain executives who are making noteworthy strides in sustainability. Discover examples of how they achieved progress, made advancements in packaging technologies, and lessons they learned. These sustainability experts will analyze what’s now and what’s next, including the impacts of COP27. You’ll come away with practical techniques and tactical tips that will move your organization forward on your supply chain sustainability journey.
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