March 20th Update: Drivers' Top Concerns, Generative AI in Supply Chains, What is ATD
Welcome to the new edition of the Track-POD Logistics Spotlight newsletter!
In this industry digest, we're excited to share a handpicked collection of industry insights, tech trends, and case studies from the ever-changing world of logistics and supply chain management.
Table of contents
?? Featured Insight
Drivers Speak Up: Top Concerns in Transportation
Survey results from WorkHound shed light on what's on drivers' minds in the transportation world: "pay" and "equipment reliability" are climbing up the list of concerns.
Max Farrell, WorkHound's CEO, points out how the industry faced tough times in 2023 but managed to stay strong.
The report suggests that understanding what drivers need is key to making their work experience better.
Here's a glimpse into the key survey insights:
?? Tech News
Generative AI: Taking Supply Chains by Storm
Generative AI is making waves in the supply chain world, according to Accenture's recent report on AI's impact across industries.
It could automate or enhance nearly 60% of processes, potentially freeing up to 43% of the working hours in U.S. supply chain operations.
This shift is expected to have a significant effect on procurement and production roles, with up to 75% and 72% of their tasks respectively being affected.
The report outlines some potential changes that Generative AI could bring to supply chains:
?? Making demand and capacity planning easier to understand.
?? Introducing AI-powered assistants to help with sourcing and procurement.
??? Simplifying the maintenance of production machinery.
?? Streamlining order fulfillment processes.
According to experts, companies must go beyond merely experimenting with Generative AI and instead undertake a comprehensive shift to fully embrace it.
领英推荐
This entails implementing impactful use cases supported by data-driven analysis and expert guidance.
Source: Material Handling & Logistics Network
??Tips & Strategies
What is ATD and Why Does It Matter? ?? ??
Let's discuss ATD, a vital metric that can enhance your logistics efficiency.
ATD (Actual Time of Departure) is crucial for logistics companies to monitor when shipments or vehicles leave their origin points.
? ATD vs. ETD:
Actual Time of Departure (ATD) provides real-time data on actual departure times, while Estimated Time of Departure (ETD) offers projected departure times subject to change.
?? Importance of ATD in Logistics Operations:
Timely departures are essential for efficient route planning, fleet management, and meeting delivery schedules.
Meeting ATDs builds trust with customers and reduces costs by optimizing resource usage.
?? Improving Supply Chain Visibility with ATD Data:
ATD enhances inventory management by providing accurate insights into shipment, optimizes order fulfillment by enabling better management of stock before arrivals.
Monitoring ATD helps shorten lead times by identifying and addressing shipping delays promptly.
Thanks for joining us for this edition!
As always, stay tuned for more and share your thoughts in the comments!
Over and out!
#logistics #supplychain #deliverymanagement #logisticsnews #lastmile #technologynews #deliverydriver