Category: supply chain

Supply Chain Strain: How Tech Can Keep Your Shipments on Track

Posted on | by Banyan Technology
Concept of overcoming supply chain strain with technology

As we approach the peak shipping season, Shippers and 3PLs are bracing for the annual surge in demand. The latest shipping data reveals that U.S. companies will be importing more items for the holidays this year as compared to last year, according to the CNBC Supply Chain Survey.

This period, driven by holiday shopping, back-to-school sales and year-end inventory clearances, always presents a unique set of challenges for supply chains. The global supply chain faces pressures from increased consumer expectations and market volatility. The question on everyone's mind: How can businesses navigate these turbulent waters? The answer lies in leveraging advanced technology.

Leveraging Truckload, LTL and Parcel Shipping: Why Diversifying Shipping Modes Enhances Supply Chain Efficiency

Posted on | by Banyan Technology
Diversifying shipping modes enhances supply chain efficiency

In today’s dynamic market, the ability to adapt and choose the most appropriate shipping method is key to maintaining efficiency, reducing costs and enhancing customer satisfaction. Shippers, 3PLs and freight brokers who strategically employ less-than-truckload (LTL), Truckload and Parcel shipping modes can benefit from significant competitive advantages, including improved security, cost and time savings, reduced risk of damage and enhanced sustainability. It's critical for Shippers, 3PLs and brokers to use all three methods through a unified technological solution that manages them in an evolving supply chain.

Navigating the Storm: Integrating Disaster Preparedness into Supply Chain Management

Posted on | by Banyan Technology
Concept of disaster preparedness in supply chain

As tornadoes tore across the U.S. this past weekend, unpredictable weather patterns and unprecedented disruptions have made incorporating disaster preparedness into supply chain risk management more important than ever. Shippers and 3PLs need to reevaluate their traditional risk priorities and integrate flexible technologies and strategies that help supply chains adjust when disaster strikes.

Top Supply Chain Strategies for Shipping Success in 2024

Posted on | by Banyan Technology
Concept of a digital supply chain strategy for over-the-road shipping

Over the past few years, the supply chain has undergone a rapid transformation. The traditional linear model is giving way to a complex, dynamic ecosystem that requires Shippers and 3PLs to adapt and develop strategic alliances to help differentiate themselves from the competition.

To ensure growth now and in the future, it is crucial for these stakeholders to embrace current and upcoming trends, as well as identify key relationships that will support strategies that align with the evolving supply chain landscape.

Exploring Emerging Technologies as a ‘Multi-Tentacle’ Approach to Supply Chain Management

Posted on | by Banyan Technology
Concept of multi-tentacle approach to supply chain management

Technology remains vital for the advancement of supply chain organizations. In a recent Gartner survey, 61% of respondents say technology is a source of competitive advantage with many identifying several emerging technologies as important investment areas.

The survey also found that by 2026, more than 75% of commercial supply chain management application vendors will deliver artificial intelligence (AI) and data science.

As the supply chain evolves, industry officials are seeing a multi-faceted approach to advancing the technology behind shipping operations. Artificial intelligence, generative AI, machine learning, digital twinning and understanding how to make better use of internal data are the future of technology in logistics.

Accelerating the Adoption of Technology as the Tool of Today’s Freight Standard

Posted on | by Banyan Technology
Overhead view of a busy highway filled with OTR freight

Historically, some over-the-road (OTR) shipping modes have been slow to adopt API connectivity as a way Shippers and 3PLs can book freight. However, the events of the past few years have forced many businesses to embrace technology and, in some cases, even accelerate the adoption of technology in the OTR shipping space.