Analytics companies are popping up everywhere as Big Data starts to work its way into more executive conversations. We've been down this road before; analytics isn't a new concept. However, new related technologies and a better understanding of what's at stake for businesses may make this wave a different one. The key is for everyone to get comfortable with the idea of using the new tools to roll their own analytics.
U.S. multinational companies that routinely allocate their profits to other countries to benefit from low-tax jurisdictions may soon need to change their tactics.
Regional parcel carriers can fill an important market niche for many shippers, says Mark Magill, director of business development at OnTrac. By specializing in next-day deliveries within specific and often large geographic regions, these carriers can offer greater flexibility, faster transit and lower rates, he says.
The number one imperative for North American shippers continues to be cost reduction and cost containment, which means that logistics providers must analyze and scrutinize operations more diligently than ever in order to find such opportunities, says Jeremy Haycock, president of Damco North America.
Managing the risks imposed by suppliers and third-party service providers has become increasingly difficult and expensive. At the same time, the risks imposed by these relationships keep on getting larger and more costly. Yet procurement and risk personnel are expected to do more with less.
For the past decade it has been the goal of the chemicals industry to create a unified standard for the simple and clear labeling of dangerous goods - no matter what the product, where the country or the language spoken.
CFOs remain optimistic about financial prospects and are focused on growth, as indicated by increased hiring, capital and R&D investments, according to buying consortium Prime Advantage's fifth annual Group CFO Survey.
The term demand driven has become vogue again, but what does it really mean? And, should it be taken one step further to orchestrate bidirectionally market-to-market in market-driven value networks? Or will companies stumble on the path by mistakenly implementing supply-centric processes and calling them demand-driven initiatives?
Benoit Reinards of Flanders Investment and Trade explains why global retailers like Nike have made Flanders their hub for distribution throughout Europe and beyond.
Bill Clement, vice president of intermodal at CSX Transportation, thinks an additional 9 million truckloads a year could and should be moved from highway to rail, and explains why CSX is taking that message directly to shippers.