The pandemic has disrupted the global economy and supply chains. Ninety-one percent of surveyed executives acknowledge that forecasting in 2021 needs to look different.
Many logistics companies have implemented relatively sophisticated forecasting processes and models.
Truck crossings from the U.S. to Canada reached a pre-COVID-19 level last week, suggesting that the cross-border freight recovery didn’t miss a beat during two national holidays and the implementation of the United States-Mexico-Canada Agreement (USMCA) on trade.
Now the entire freight transportation industry, across air, ocean, road, and rail sectors, is awash with disrupted expectations and has retreated into survival mode. Here are some insights into how the Coronavirus crisis is accelerating or reversing the industry trends.
The UPS board of directors today named Carol Tomé as UPS chief executive, effective from June 1, to replace David Abney.
AI is being applied to processes such as transportation routing decisions and freight matching, sometimes within supply chain control towers.