XPO to pick up the pace of LTL rate hikes, Jacobs says

FreightWaves | May 02, 2019

XPO to pick up the pace of LTL rate hikes, Jacobs says
Customers of XPO Logistics, Inc.’s (NYSE:XPO) less-than-truckload (LTL) business should brace themselves for a more rapid-fire pace of rate hikes, if comments made Thursday by XPO Chairman and CEO Brad Jacobs are any indication.Jacobs also said that XPO “made a mistake” by relying disportionately on the business from a single customer, which was never identified but is known to be Amazon.com, Inc. (NASDAQ:AMZN). Late last year, the customer began pulling $600 million of business from XPO, or two-thirds of its spend with the company. Before then, it represented between 5 percent and 7 percent of XPO’s total revenue. The hit to XPO was severe, and Jacobs vowed Thursday that, in the future, no one customer would account for more than 2 percent of the company’s business.

Spotlight

As e-commerce continues to impact the global economy, supply chain transformation challenges snack food manufacturers to find new ways to not only serve existing customers but also identify opportunities to serve new markets. Rising to these challenges requires that companies maintain a clear understanding of their cost-to-serve for each product and customer.


Other News

Adoption of the Internet of Robotics Things Accelerates

6 River Systems | September 29, 2020

Adoption of smart robotics has accelerated this year, driving sophisticated automation in various environments. Introducing Internet of Things (IoT) functionality to robots isn’t new, however. In 2014, ABI Research introduced the concept of the Internet of Robotic Things (IoRT). The term described intelligent devices that can monitor events going on around them, integrate various sensor data types, use local and distributed intelligence to determine the best courses of action before manipulating or controlling physical objects. In September 2016, MarketsandMarkets released a report estimating that the IoRT market will be valued at approximately $21.44 billion by 2022, driven by adoption in the e-commerce industry. Connected robots can integrate with various technologies and offer a short payback period and ROI, the report noted.

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SUPPLY CHAIN

Tive Launches Partnership Focused on Visibility with Blue Yonder

Tive | December 17, 2021

Tive, a leading real-time in-transit visibility provider, today announced a new strategic partnership with Blue Yonder, a leading digital supply chain and omni-commerce fulfillment platform provider. By integrating data and insights from Blue Yonder's transportation management solution and Luminate™ Control Tower, this partnership provides mutual customers with insights beyond shipment locations and conditions that deliver a better end-consumer experience. Logistics professionals in retail and manufacturing are demanding next-generation actionable insights to actively manage their customers' growing expectations. This partnership delivers shared data and efficiencies for logistics providers, offering near real-time visibility for their customers across the globe. Tive is a leading provider of real-time supply chain visibility insights that help logistics professionals actively manage their in-transit shipments while providing hyper-accurate location and condition with its industry-leading trackers. By partnering with Blue Yonder, Tive will be able to deliver on its promise of 90% reduced 'where-is-my-order' costs; a 90% reduction in claims for lost, damaged or delayed items; and an overall 10% savings on total freight spend to customers. Collaboration and partnerships across the entire supply chain ecosystem are what we strive for every day here at Tive, Combining all aspects of real-time shipment data – location, condition, TMS and control tower data – customers everywhere get real-time actionable information on what is happening with their shipments. We are excited to partner with Blue Yonder to help make global supply chains more efficient." Tive CEO and Founder Krenar Komoni. "Here at Tive, we seek to partner with companies that align with our culture of transparency, collaboration and relentless pursuit to ensure that every shipment arrives on time, in full, and in good condition, Blue Yonder is a natural symbiotic fit in Tive's partner ecosystem thanks to their strong capabilities in transportation management and control tower visibility." Shawna Baker, Head of Partnerships at Tive. About Tive Tive is a leading provider of real-time supply chain visibility insights that help logistics professionals actively manage their in-transit shipments' location and condition. With Tive, shippers and logistics service providers (LSP) eliminate preventable delays, damage, and shipment failures. Tive's solution provides data generated by its industry-leading trackers allowing clients to actively optimize their shipments, improve their customers' experience, and unlock supply chain insights in an actionable real-time manner.

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Schneider Electric Global Supply Chain recognized with 2020 Power of the Profession Award

Schneider Electric | July 07, 2020

Schneider Electric, the leader in digital transformation of energy management and automation, announced it has been awarded the Business Win of the Year Award and best in show Supply Chain Breakthrough of the Year in Gartner’s 2020 Power of the Profession awards which “identify and recognize the top Supply Chain and Talent initiatives from the past twelve months that help to elevate the Supply Chain profession.” Gartner announced these awards during a live webinar June 17, 2020. "We are thrilled to have received this recognition of Business Win of the Year and Supply Chain Breakthrough of the Year from Gartner’s 2020 Power of the Profession Awards honoring our Smart Logistics initiative. We believe our transformation efforts in the supply chain are progressing well and that this really gives our team the inspiration to push forward on our Tailored, Sustainable and Connected 4.0 Supply Chain program, together with our partners for our customers. We see the “Business Win of the Year” award as a recognition of our digital transformation and our commitment to our customers", said Mourad Tamoud, Executive Vice President, Schneider Electric Global Supply Chain.

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6 River Systems upgrades its robotic fulfillment solution

6 River Systems | September 25, 2020

6 River Systems has made a series of enhancements to its robotic fulfillment solution. 6 River, part of e-commerce platform provider Shopify, revealed the upgrade during its second annual user conference, FLOW 2020. David Vallance, director of product at 6 River Systems, says: “We have developed a strategic product roadmap at 6RS to find and address the next level of efficiencies to help our customers meet ever-changing demand and drive value to their own customers. “We’ve grown from providing picking robots to supporting inbound to outbound tasks within the four walls of the warehouse. Our latest set of enhancements are another exciting step forward in the evolution of our company and our industry.” To provide more visibility into operations and increase efficiency, 6RS developed The Bridge, an overarching tool that connects the data from what’s happening on the ground in a physical warehouse operation to an intuitive cloud-based control center. This tool gives customers the ability to fine tune and control each aspect of their operation and optimize their warehouse to meet the unique needs of the business by leveraging the following features:

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Spotlight

As e-commerce continues to impact the global economy, supply chain transformation challenges snack food manufacturers to find new ways to not only serve existing customers but also identify opportunities to serve new markets. Rising to these challenges requires that companies maintain a clear understanding of their cost-to-serve for each product and customer.

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