Posts by Matt Wensing
What Is a Risk Management Plan?
The Need for a Supply Chain Risk Management Plan What a year 2020 was for supply chains. No wonder more companies are going beyond supply chain management to asking, “What is a risk management plan?” Before COVID-19, many companies had a more reactive approach to supply chain management, assigning teams to respond to disruptions as…
Using Supply Chain Predictive Analytics to Reduce Risk
Supply Chain Predictive Analytics and Customer Service Service. It’s the difference between an average company and one that stands out from the rest. Forbes reports that companies that lead in customer experience outperform those who don’t by nearly 80%, and 84% of companies that focus on improving their customer experience report an increase in their…
Must Haves When It Comes to a Transportation Supply Chain Risk Solution
It’s a Supply and Demand Issue The risks within the transportation supply chain are evolving. They are volatile and only getting worse as demand far exceeds capacity. The transportation industry is struggling to keep up. Stakeholders along the supply chain all stand to lose margins and customer satisfaction when they can’t deliver product on time.…
OTIF Programs: What You Need to Know to Nail On-Time In-Full Performance Metrics
OTIF Standards: Good for Customer, Bad for Brands? The number one rule for any company is “the customer is always right.” Consumers drive demand which drives production. Today’s customer wants what they want when they want it and don’t particularly care if a snowstorm delayed their order. In order to meet this demand, increasingly more…
Top 6 Things You Must Have in a Transportation Risk Analysis Solution
Transportation risk management begins with analysis. In order to effectively mitigate and manage risk effectively, companies must first understand from where their risks come and then determine how likely those risks are to occur. Only then leaders develop and execute plans of action to mitigate as much of the risk as possible. A major risk…
Q&A: When is the last safe day to ship?
Q&A: I-94 and Lake Effect Snow
First question, do any of your models include potential for lake effect snow, for example, on I-94 across northern Indiana and southwest Michigan. That’s an excellent question and the fact that we’re seeing this major pattern change, that is one part of that. So as we see Arctic air moving across all of the Great…
Northeast Ice Storm Impacts – 01/17/2019
Now in terms of specific impacts, the transportation, we already highlighted the, the major population areas and business centers with obviously the New York City area being a number one there. But as far in terms of lanes that are going to be impacted and transportation routes, this is a list of our main interstates…
Snowfall Overview
How Shippers Can Reduce Freight Spend Using Weather as a Strategic Advantage
Demand and Supply According to The Wall Street Journal, U.S. companies are spending more than ever on transportation costs, a record $1.5 trillion in 2017 alone. That’s up 6.2 percent from 2016. The culprit? Blame it on increasing demand that raises logistic services prices. No mode of transportation is immune to the rate hikes. The…