Digital freight marketplaces are now offering more equipment access | Startups look to innovate in trucking sector | Procurement can become a sustainable competitive advantage
May 17, 2019
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Digital freight marketplaces are now offering more equipment access
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.
The Wall Street Journal (tiered subscription model) (5/15) 
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Innovation & Efficiency
Startups look to innovate in trucking sector
Startups look to innovate in trucking sector
(Justin Sullivan/Getty Images)
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.
CNBC (5/15) 
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Procurement can become a sustainable competitive advantage
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.
McKinsey (5/2019) 
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Leadership
4 steps to being better at empathy
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.
SmartBrief/Leadership (5/16) 
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Consider all the angles before giving feedback
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.
Thrive Global (5/15) 
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Regulations & Policy
US DOT suspends flights between US and Venezuela
The US Department of Transportation on Wednesday ordered a halt to all commercial passenger and cargo flights between the US and Venezuela, due to reports of violence around the country's airports.
Reuters (5/15) 
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Mnuchin: US progressing on tariff talks with Canada, Mexico
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.
The Associated Press (5/15) 
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Business Update
Commentary: These are three dramatic changes coming to supply chains
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.
Ideas Made to Matter (MIT Sloan School of Management) (5/15) 
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Digital innovation drove Walmart's Q1 growth
Digital innovation drove Walmart's Q1 growth
(Rick T. Wilking/Getty Images)
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.
USA Today (5/16),  The Associated Press (5/16) 
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Amazon makes investment in UK-based food-delivery startup Deliveroo
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.
VentureBeat (5/17),  The Wall Street Journal (tiered subscription model) (5/17) 
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CSCMP News
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Register today for "Exploring Supply Chain Risk Management"
Register for this CSCMP event to learn about the potential risks your company may be exposed to and more importantly, on how to deal with them. Throughout the day, leading experts will provide insight and best practices for measuring risk level, assessing potential threats, and driving enterprise value. By improving your ability to organize, manage, and govern the risk management function, you will be better prepared to protect your company's assets, brand reputation, and competitive advantage.

Register here and take advantage of this incredible opportunity to hear from companies such as Supply Chain Visions, USG, IHS Markit, and Convoy, Inc.!
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