Convoy, Uber and other digital freight marketplaces are providing more cargo carriers with the physical equipment they need to move product, such as a fleet of trailers that shippers can load in advance to increase speeds. J.B. Hunt Transport Services is trying out a drop-and-hook service that lets truckers hitch their tractors to preloaded trailers.
A number of startups are seeking to improve efficiency in the trucking industry, which accounts for $1.2 trillion in global revenue. Convoy uses apps to pair shipments with drivers, while Flexport uses an "operating system for global trade" to manage truck, rail, air and sea shipping.
Procurement needs to evolve from a cost center to a digital-savvy business driver of strategy, M&A and innovation, argues this McKinsey analysis. This change in mindset will require a different set of skills from procurement employees.
Leaders have a number of ways to become more empathetic, including appreciating the perspectives of others, expanding their own horizons and listening deeply without getting overwhelmed, writes Pamela McLean. "Whether we over-empathize and care too much, or completely miss the opportunity to connect with empathy, the result is similar -- we miss the opportunity to build a working relationship," she writes.
Leaders can make feedback more effective by engaging in a conversation instead of a soliloquy and considering all the factors that may be affecting employee performance, says Claremont McKenna College professor Ronald Riggio. "The goal is to give performance feedback in a direct, but constructive and supportive way," he says.
US Treasury Secretary Steven Mnuchin says the country is "close to an understanding with Mexico and Canada" regarding a solution to steel and aluminum tariffs levied on those countries. Finding a resolution to the situation is vital to the passage of a new North American trade deal, he adds.
Former Walmart logistics chief Chris Sultemeier says supply chains will see significant changes thanks primarily to three emerging trends. They are wider adoption of technology, the adaptation of retail stores into fulfillment centers and pickup destinations, and the implementation of flexible last-mile delivery.
Walmart's investments to boost innovation and productivity fueled a surge in first-quarter US sales and helped boost e-commerce sales 37%, CEO Doug McMillon said. The retailer now offers its click-and-collect program at 2,450 stores and it has made same-day delivery an option from almost 1,000 locations.
Deliveroo, a British food-delivery service active in Asia, Europe and the Middle East, raised $575 million in a funding round led by Amazon. The new capital will fund growth, Deliveroo CEO and co-founder Will Shu said.
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