The global logistics industry was dealt a year full of surprises in 2016, and with that came challenges. For most ocean carriers, the first three quarters were extremely challenging financially. While these financial pressures have been ongoing since 2009 due to several factors, overcapacity was certainly one of the most prevalent. Ocean carriers continue to see their average operating margin dip below zero as rates fell to their lowest levels since 2009. All of this mounted to the Hanjin bankruptcy, one of the largest container shipping bankruptcies in history. This action will continue to accelerate the carrier acquisition activities in 2017. Read More…
From the Panama Canal expansion to the continuous advancement of disruptive technologies, 2016 was another eventful year in the global logistics and supply chain industry. Navigating the opportunities and challenges from an increasingly complex marketplace can be difficult. We’re here to help by delivering insights, solutions, and strategies that address your exact needs for today and tomorrow.
As we kick off the new year, here’s a quick look at our top three blog posts from 2016. While they are the most viewed posts from last year, the topics will continue to have an impact in 2017 and beyond.
Even containers don’t like to wait in line. Dwell time—the amount of time a container remains parked in a marine terminal waiting to be picked up after it’s been offloaded from a vessel—is a drag on supply chain efficiency, especially when it becomes excessive. Rising container volumes, fluctuations in demand, and the constant need for just in time inventory have increased the impact of dwell time over recent years.
It’s unlikely that the problem will disappear or even improve markedly any time soon, but there are ways to minimize the instances where a container outstays its welcome at a port.
A Call to Action: Make Supply Chain Management a Magnet for Millennials. Connect by C.H. Robinson
In last week’s blog post I highlighted how there needs to be a cross-functional approach to attracting talented professionals to the company – especially supply chain management, which is facing a talent shortage crisis.
Five Reasons Why Talent Management Should Be a Part of Everyone’s Job.Connect by C.H. Robinson
The well-known business adage that people are a company’s most important asset has taken on new significance in the supply chain industry over recent years.