Having completed 16 acquisitions of small logistics companies in the past seven years, Echo Global Logistics knows something about successful takeover strategies. CEO Doug Waggoner talks about the company's growth-through-acquisition initiatives.
Third-party logistics will not become a commoditized service as long as providers continue to add value and differentiate their product offerings, says Greg Spudic, vice president of marketing and sales at Dimerco Express.
After the economic crisis, which had a marginal effect on the power generation industry, the automation and software solutions market in the electric power generation sector continued to grow. While the capital expenditure trend grew strongly from 2006 until 2008, it went down significantly in 2009 due to the global economic crisis. However, the investment activities resurged in 2010 and 2011. Developed economies have increased their investment in grid modernization while emerging economies have continued to build new electricity infrastructure. China's projects in this sector are ambitious and farsighted.
The installed base of Bluetooth-enabled devices alone reached 3.5 billion in 2012 and is forecast to grow to almost 10 billion by 2018"”with not even taking into account many other technologies, such as Wi-Fi, ZigBee and cellular, according to ABI Research.
Small to medium-sized shippers have a low adoption rate for transportation management systems because traditional systems cost too much and are not geared to the specific needs of smaller businesses, says J.P. Wiggins, vice president of logistics at 3Gtms.
A host of marketplace trends are driving logistics companies to offer more value-added services and to physically locate closer to customers in order to support continued growth, says John Ferguson, CEO of SCI Logistics, a major logistics provider in Canada.
Long waiting lines of incoming trucks at the Ports of Los Angeles and Long Beach create an unacceptable drag on productivity, says Mike Stark, president and CEO of Pacer Distribution Services and an active member of the Harbor Trucking Association. Stark explains how adaptive appointment software could help remedy this situation.
Big data can be a powerful enabler of better business decisions, but getting the right data to the right person in an actionable form presents huge challenges. Richard Sharpe, CEO of Competitive Insights, helps demystify the subject and explains why mastering big data is worth the effort.
The most important benefit of supply chain visibility is enabling management by exception, says Sean Riley of Software AG. He explains what is driving renewed interest in this area and outlines steps to achieving real-time alerts and automated responses.
Competition within the supply chain industry is fierce. Internal executives, third-party providers and industry consultants all have their own special sauce strategies to navigate the twists and turns of the supply chain. Touting a company's strength is important for shareholders and marketing efforts. But value can be generated by recognizing operational deficiencies, and seeking out partner companies with complementary competencies. By this initiative, both companies capture or retain the ultimate prize - the customer. Sometimes a company's best choice for a partner is the least expected or desired - a competitor.