For-hire truck tonnage dropped 12.2% last month, the largest monthly decline since the April 1994 labor strike, according to the American Trucking Associations. Bob Costello, ATA's chief economist, says fleets carrying goods for grocery stores and online retail saw increased demand, and he predicted the freight market should begin to recover slowly amid reopenings.
Distributors should be looking at business with companies in industries that fared well during the Great Recession, including dollar stores, auto repairs and service, and professional cleaning, writes Michael Wilson, vice president of marketing and packaging at AFFLINK. Any do-it-yourself industry could be worth examining, he adds.
Health care provider Novant Health and startup Zipline are using drones to deliver personal protective gear and medical equipment from Novant's fulfillment center in Kannapolis, N.C., to its medical center in Huntersville, N.C. Zipline's 10 drones can make dozens of daily trips, up to 100 miles round-trip.
Global supply chains are falling victim to the coronavirus pandemic. Suffolk University business professor Ken Hung writes that the problem can be addressed by evaluating risks on the demand side and supply side and then striking a balance between the two.
Geoff Tudhope's father and fellow executives at Shell all died relatively young, which helped Tudhope keep regular hours and vow to retire from management before his 50s. Those rules, he says, helped him be "ruthless on priorities and ruthless about delegation" to avoid that type of deadly burnout.
Recovering from the pandemic should include asking tough questions about what your business is spending time on, how it would handle multiple years of social distancing, and other "What if?" questions, writes Scott Eblin. "It's really a process of unlocking assumptions to the point where creative thinking about different possible scenarios can truly begin," he writes.
Under proposed legislation from New York Assemblywoman Aileen Gunther, distillers in the state would be able to ship their products to New York residents as well as residents in other states with whom New York shares "substantially similar" shipping regulations. The bill is meant to spur activity for New York's craft spirits sector, which "has been hit incredibly hard economically," Gunther said.
Recipients of Paycheck Protection Program loans would have more leeway in how they use the funds under a House bill that could see a vote Thursday. House Majority Leader Steny Hoyer, D-Md., is optimistic both chambers of Congress can quickly reach agreement.
Walmart has partnered with online resale company ThredUp to start selling previously owned fashions, accessories and footwear from various brands on its website. Shoppers who spend $35 or more will get free shipping, and buyers will be able to make returns at Walmart stores.
Amazon is negotiating to buy autonomous vehicle startup Zoox, sources say. The transaction reportedly would give Zoox a valuation that is less than the $3.2 billion obtained during a 2018 funding round.
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Supply Chain Visibility and the Digital Network -- A CSCMP Hot Topic
Rising consumer expectations and market volatility have put pressure on B2C and B2B supply chains. Demand for more efficient delivery and increasing economic uncertainty require supply chain professionals to continually audit processes and identify inefficiencies to stay competitive. Many shippers lose visibility of their freight after a load leaves the docks. Data and analytics provide a solution. Download this CSCMP Hot Topic written by Convoy to learn more about Digital Freight Networks (DFN), a new class of freight service provider combining technology, data, and a dense network of carriers and shippers