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MHI Blog -- Total US business logistics costs rose to $1.45 trillion in 2014, a 3.1% increase from the previous year according to the Council of Supply Chain Management Professionals (CSCMP) 26th Annual "State of Logistics Report®." However, the growth rate for logistics costs was lower than the US gross domestic product (GDP), resulting in a slight decline in logistics as a percent of GDP from 8.4% to 8.3%.
Visit http://s354933259.onlinehome.us/mhi-blog/u-s-logistics-costs-up-3-1-in-2014-to-1-45-trillion-in-2014-as-truck-driver-shortage-remains-key-concern/ to view the full article online. |
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Modern Materials Handling -- Although the manufacturing industry is in resurgence, concern over the industry’s talent shortage is escalating, according to the third annual BDO Manufacturing RiskFactor Report. An analysis of risk factors listed in the most recent 10-K filings of the largest 100 publicly traded U.S. manufacturers reveals that 98% of manufacturers mentioned risks related to labor concerns, up from 97% in 2014, and 75% in 2013.
Visit http://www.mmh.com/article/talent_shortage_grows_as_a_key_risk_for_the_manufacturing_industry to view the full article online. |
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Harvard Business Review -- Longer commute times are just one sign that congestion is creeping into our lives. Highways and bridges are in desperate need of repair, making travel slower—and more dangerous. Our overburdened air-traffic-control system struggles to deal with increasingly crowded skies. Port congestion is a growing problem, exacerbated by the new super-size container ships that take far longer to unload than older, smaller ships. "Expect delays" has become the recurring theme of our transportation system. With growing congestion a global megatrend, companies have a choice. Either accept it (and its higher costs and lower profits) or take control of your fate with strategic, game-changing actions that cut time and costs from the supply chain.
Visit https://hbr.org/2015/06/is-your-supply-chain-ready-for-the-congestion-crisis to view the full article online. |
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EBN -- With 91% of companies acknowledging that they could manage their supply chain talent more efficiently, there is clear room for improvement. But it's not always a simple fix. Despite nearly 50% of CEOs citing that talent, knowledge and availability is one of their top three business woes, 61% admitted that they hadn't made any steps to resolving this issue, even though it typically takes around five months to fill a high level position. Further, 54% of companies report that mid-management talent currently accounts for the greatest shortage; however entry-level positions also prove difficult to fill for 26% of companies.
Visit http://www.ebnonline.com/author.asp?section_id=3792&doc_id=277895& to view the full article online. |
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Visit https://www.naylornetwork.com/mhi-newswire/articles/index-v2.asp?aid=328047&issueID=40815 to view the full article online. |
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Fortune -- The proposed Consumer Drone Safety Act calls for more guidelines about when and where drones can fly in the U.S. With a wealth of aerospace engineering talent located in the south and Silicon Valley’s software programming talent up north, California has quietly grown into a hub for the growing U.S. drone industry. But, some in the industry are worried that a bill put forth by California’s own Sen. Dianne Feinstein could push the brakes on innovation by placing onerous restrictions on consumer drone technologies.
Visit http://fortune.com/2015/06/23/congress-drone-safety/ to view the full article online. |
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Industrial Distribution -- The topic of 3D printing has been synonymous with manufacturing over the past few years, becoming a key part of a handful of product markets. A recent report forecasts that the 3D printing market will increase ten-fold to $8 billion by 2025. Analysis released in March from the Manufacturers Alliance for Productivity and Innovation Foundation said 3D printing is already beginning to shorten supply chains in a number of industrial sectors and improve both cost and efficiency. But what are the implications specifically in industrial distribution?
Visit http://www.inddist.com/blogs/2015/06/3d-printing-how-concerning-industrial-distributors to view the full article online. |
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Transport Topics -- President Obama signed two pieces of legislation June 29 that together will allow him to move his trade agenda forward and continue negotiating the Trans-Pacific Partnership free trade agreement. "This legislation will help turn global trade, which can often be a race to the bottom, into a race to the top," Obama said. "It'll reinforce America's leadership role in the world, in Asia, and in Europe and beyond."
Visit http://www.ttnews.com/articles/basetemplate.aspx?storyid=38706&t=Obama-Signs-Two--Bills-Advancing-Trade-Plan to view the full article online. |
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MHI Blog -- Mike Rowe, best known for his past role on Discovery Channel’s "Dirty Jobs" and his own production on CNN "Somebody’s Gotta Do It," is giving back through his mikeroweWORKS Foundation. The foundation promotes hard work and supports the skilled trades by awarding scholarships to students who show outstanding work ethic and interest in mastering a specific trade. At the 2015 MHI Executive Summit and Annual Conference this October the TV host, writer, narrator, producer, actor and spokesman will speak on Why Dirty Jobs Matter. During this keynote, he will give an illuminating account of the true nature of skilled labor, and why it’s being devalued by the media, advertising and even the government.
Visit http://s354933259.onlinehome.us/mhi-blog/mike-rowe-addresses-workforce-shortage-and-gives-back-through-mikeroweworks-foundation/ to view the full article online. |
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Sun Sentinel -- A plan to deepen and widen Port Everglades won a key federal approval Friday, clearing the way for the port to seek Congressional funding for a project that would generate thousands of jobs and maintain the region's leading position in international trade.. The Army Corps of Engineers approved the plan to deepen the port's main channels from 42 to 48 feet, as well as deepen and widen part of the Intracoastal Waterway, to accommodate the larger cargo ships that now navigate the world's trade routes.
Visit http://www.sun-sentinel.com/local/broward/fl-port-everglades-expansion-20150626-story.html to view the full article online. |
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The Telegraph -- General Electric, the US engineering giant, has predicted a new "industrial revolution" worth $1 trillion a year as wind turbines, oil pipelines and aircraft components become connected to the internet. Mark Elborne, GE’s head of the UK and Ireland, predicted that the industrial world is set to mirror the consumer internet revolution of the 1990s, which has brought instant, on-demand information to billions of people.
Visit http://www.telegraph.co.uk/technology/internet/11695871/General-Electric-forecasts-new-industrial-revolution-as-machines-go-online.html to view the full article online. |
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Supply Chain Brain -- In 2014, the supply chain industry experienced its best year since the Great Recession, according to the State of the Logistics Report issued annually by the Council of Supply Chain Management Professionals and sponsored by Penske Logistics. The report reveals total U.S. business logistics costs rose to $1.45tr in 2014, a 3.1 percent increase from the previous year. However, the growth rate for logistics costs was lower than the U.S. gross domestic product, resulting in a slight decline in logistics as a percent of GDP from 8.4 percent to 8.3 percent.
Visit http://www.supplychainbrain.com/content/single-article-page/article/supply-chain-logistics-world-found-2014-best-year-since-the-great-recession-report-says/ to view the full article online. |
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EBN -- A new reality drives value chain transformation. From advanced data analytics to how customer experience is shaping the new value chain we can talk about a revolution happening at the heart of the supply chain. The need for an integrated business planning is of paramount importance to lead the supply chain toward the best business practices. Today's interconnectivity demands the supply chain to be constantly and instantly connected. There are fewer people in the factories and more automated systems and robotics in place. More OEMs are choosing to outsourcing, bringing both benefit, but also risk.
Visit http://www.ebnonline.com/author.asp?section_id=1364&doc_id=277934& to view the full article online. |
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The Wall Street Journal -- Shipping volume at the Port of Savannah hit a record high in May, driven by a surge in imports and a rise in the exports of forest products used as renewable fuel sources in Northern Europe, the Georgia Ports Authority said Monday. The number of twenty-foot equivalent units, a common measure of shipping container volume, passing through Savannah rose 16.4% in May from a year earlier to 338,207 TEUs. The biggest gains were in imported containers, which rose 17.9% to 148,513 TEUs.
Visit http://www.wsj.com/articles/savannah-port-sees-record-shipping-volume-1435610856 to view the full article online. |
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Detroit News -- Within a decade, 18-wheelers may be hauling freight across the U.S. highways without a driver touching the steering wheel or the brakes. And that prospect stands to significantly alter a $700 billion industry and affect millions of professional drivers nationwide. Just as automakers and tech companies like Google race to develop driverless cars, corporations are ramping up efforts to take humans out of the cabs of semi-trucks.
Visit http://www.detroitnews.com/story/business/autos/2015/06/29/driverless-trucks/29449149/ to view the full article online. |
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McKinsey & Company -- Mention "Industry 4.0" to most manufacturing executives and you will raise eyebrows. If they’ve heard of it, they are likely confused about what it is. If they haven’t heard of it, they’re likely to be skeptical of what they see as yet another piece of marketing hype, an empty catchphrase. And yet a closer look at what’s behind Industry 4.0 reveals some powerful emerging currents with strong potential to change the way factories work. It may be too much to say that it is another industrial revolution. But call it whatever you like; the fact is, Industry 4.0 is gathering force, and executives should carefully monitor the coming changes and develop strategies to take advantage of the new opportunities.
Visit http://www.mckinsey.com/insights/manufacturing/manufacturings_next_act to view the full article online. |