Transportation TIP List: Week of October 4th, 2015
From risk management, consumer confidence and the upcoming retail holiday season, the many intricate aspects of supply chain planning is currently top of mind for many in the transportation industry. For example, will retailers be able to keep Star Wars merchandise on the shelves when the much-anticipated new installment arrives in theaters? This week’s TIP List doesn’t have to go to a galaxy far far away to find the latest transportation trends – read on to see what’s abuzz!
- FMCSA changes guidance on altering log information on onboard recorders: The Federal Motor Carrier Safety Administration has revised its guidance pertaining to automatic onboard recording devices (a form of e-log) to give drivers a chance to correct inaccurate information.
- U.S. Export Weakness Hampers Growth: Hopes for an American export boom are wilting under the weight of a strong dollar and global economic strains. U.S. exports are on track to decline this year for the first time since the financial crisis, undermining a national push to boost shipments abroad.
- Surge in US Transport, Warehousing Job Openings Recedes: The supply of transportation and warehousing workers seemingly caught up with demand in July, as the number of hires in logistics industries equaled the number of job openings for the first time since last December, U.S. labor statistics show. However, the number of workers leaving transportation and warehousing jobs was also high, indicating significant churn in the workforce.
- Consumer Confidence Unexpectedly Rises in September: Consumer confidence unexpectedly rose in September as a resilient labor market helped Americans shake off the effects of tumbling stock prices. The Conference Board’s index advanced to 103, the second-highest level in eight years, from a revised 101.3 in August.
- Revisiting Supply Chain Planning: A lot has changed over the last 10 years – including the operating environment (supply chains), planning processes (the depth, breadth, and frequency of analysis) and SCP software (speed, capacity, scope, ease of use, and breadth of functionality). It’s definitely time to revisit supply chain planning.
- Insuring Against Supply Chain Risks: Over the last ten years, supply chain risk management has certainly grown in importance – and it continues to grow in importance. Research shows that in 2014, 22% of manufacturers surveyed reported they did not worry about supply chain issues; in 2015, only 9% reported this.
- Will Retailers Keep Up with Demand for Star Wars Toys this Holiday Season?: FusionOps, the supply chain business information and analytics company, released a new survey gauging Star Wars fans’ excitement about the new Star Wars movie and their worry over possible disruptions to the supply chain of Star Wars merchandise as the holidays approach.
What are some ways that you mitigate supply chain risks?