Top operational leaders drive profit improvement by unifying data management with workforce analytics. By employing this six-step methodology, businesses can reduce labor time loss, monitor profitability in real-time, and foster continuous improvement, thus gaining an advantage in a competitive environment.
A joint report by ASCM and KPMG reveals that while some areas of global supply chains have improved, overall stability remains affected by factors like labor and geopolitics. The report highlights the increasing North American imports driven by the “China+1” strategy, potentially creating new challenges for the labor market. Businesses need to monitor market dynamics, adapt strategies flexibly, strengthen risk management, and embrace digital transformation to navigate uncertainties. Proactive adaptation and resilience are key to maintaining a competitive edge in the evolving global landscape.
The National Retail Federation (NRF), along with 177 industry associations, is urging the White House to intervene in labor negotiations between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) to avert a potential strike on October 1st. The analysis highlights the potential impact of a strike on various sectors including retail, manufacturing, agriculture, and the overall economy. Possible solutions discussed include government mediation, labor-management compromise, and extending the negotiation period to prevent significant supply chain disruptions and economic fallout.
US President Biden signed an executive order establishing a Presidential Emergency Board (PEB) to intervene in the railroad labor dispute, aiming to avert a nationwide strike that could trigger a supply chain crisis. The article analyzes the demands of both labor and management, retail industry concerns, and expert opinions. It emphasizes the importance of maintaining supply chain stability and looks ahead to the possibility of a consensus between the two parties in the future. The intervention highlights the Biden administration's commitment to preventing economic disruption.
A preliminary agreement on chassis maintenance has been reached in the US West Coast dockworker labor negotiations, offering a glimmer of hope for alleviating long-standing port congestion. However, labor and management continue to trade accusations, with issues of slowdowns and safety training remaining. Data analysis indicates that ship waiting times and container throughput should be closely monitored. While shippers see a ray of light, cautious optimism is advised as they await a final, long-term, and stable agreement. The situation remains fluid and requires careful observation.
The bankruptcy of Yellow Corporation, a major US Less-Than-Truckload (LTL) carrier, marks the end of a century-old company. This analysis examines the reasons behind Yellow's collapse, including labor union disputes, customer attrition, and mismanagement. It also explores the implications for the broader LTL industry. Yellow's failure serves as a warning that companies must continuously innovate and adapt to change to survive in a highly competitive market. The case highlights the importance of strong management and positive labor relations for long-term success.
A new six-year labor agreement has been reached between port labor and management on the US East and Gulf Coasts, averting potential supply chain disruptions. The agreement includes record wage increases and automation protections. It has garnered widespread support from both ILA members and USMX members, providing a significant boost to the stability of the US economy. This deal ensures continued operations and avoids costly delays, offering reassurance to businesses reliant on efficient port activity. The agreement addresses key concerns regarding technological advancements and worker security.
A recent report by ASCM and KPMG reveals that while global supply chains are gradually recovering, challenges persist in freight costs, labor, and inventory. The "China+1" strategy is driving a shift in supply chain focus. The labor market faces transformation, and inventory management requires balancing efficiency and demand. Looking ahead, supply chain instability is likely to continue, and companies need to enhance their resilience to address these challenges. Overall, the report highlights the ongoing need for adaptability and strategic planning in the face of evolving global dynamics.
US President Biden established a Presidential Emergency Board (PEB) to mediate the railway labor dispute, aiming to avert a potential railway strike that could disrupt supply chains. The PEB will investigate the dispute and propose solutions. The retail industry is concerned about the impact of a strike on the peak season, while railway companies state their commitment to reaching an agreement. Experts believe a strike is unlikely, but the final outcome depends on the bargaining between labor and management. The PEB's recommendations are crucial in navigating this complex situation and preventing significant economic disruption.
The U.S. Chamber of Commerce is urging the White House to intervene in the West Coast port labor dispute. Stalled contract negotiations between the ILWU and PMA have led to slowdowns, threatening economic stability. The article analyzes the positions of both labor and management, highlighting the potentially devastating economic consequences of port closures. It emphasizes the urgent need for all parties to reach an agreement quickly to safeguard the vitality of the U.S. economy and the competitiveness of West Coast ports. A swift resolution is crucial to avoid further disruption to the supply chain.
