CINCINNATI, OH – NOVEMBER 27TH, 2023 – Taylor Companies, comprising Taylor Logistics Inc, Taylor Warehouse Corp, and Taylor Distributing Co, proudly announce significant strides in its commitment to environmental sustainability. The integrated efforts of these entities underscore their dedication to reducing environmental impact and fostering a more sustainable future.
Over the past several years, Taylor has prioritized integrating environmentally conscious practices across its operations, recognizing businesses’ crucial role in addressing global sustainability challenges. The commitment spans multiple facets of the supply chain, from transportation and warehousing to distribution.
Taylor Logistics Inc., the logistics arm of Taylor, has implemented innovative transportation solutions to reduce carbon emissions across all three scopes. This includes optimizing routes, investing in fuel-efficient vehicles, and exploring alternative energy sources. By embracing cutting-edge technologies, Taylor Logistics Inc. aims to streamline operations while minimizing its ecological footprint, with a particular focus on Scope 3 emissions.
Taylor Warehouse Corp, which is responsible for storing and managing goods, has initiated comprehensive sustainability programs within its warehouse facilities. These initiatives encompass energy-efficient lighting, waste reduction strategies, and the implementation of recycling programs. Through these measures, Taylor Warehouse Corp is working to create environmentally responsible and resource-efficient warehousing solutions.
Taylor Distributing Co, the distribution arm of Taylor, is actively engaged in sustainable packaging practices to address all three scopes of emissions. The company is committed to minimizing packaging waste by adopting eco-friendly materials and optimizing packaging design. Taylor Distributing Co is also working with suppliers to measure and reduce the carbon footprint associated with the production and transportation of packaging materials, contributing to Scope 3 emissions reduction.
“At Taylor, we believe in the power of responsible business practices to drive positive change,” said Noelle Taylor, Sustainability Captain and Marketing Director at Taylor. “Our commitment to environmental sustainability is a key aspect of our corporate responsibility. We are proud of our progress thus far and remain dedicated to continually advancing our sustainability initiatives.”
In addition to these individual efforts, Taylor is exploring collaborative initiatives with industry partners, suppliers, and local businesses to enhance its environmental impact reduction strategies further. By fostering a culture of sustainability across its subsidiaries, Taylor Companies is demonstrating its commitment to creating a more sustainable and resilient future.
In the ever-evolving landscape of global commerce, the ability to adapt swiftly to market dynamics is paramount. Enter elastic logistics—an innovative approach to supply chain management that revolutionizes traditional practices. Elastic logistics prioritizes flexibility, allowing businesses to respond dynamically to changing market demands. We’re delving into the concept of elastic logistics, exploring how it optimizes vessel and transportation usage, reduces costs, and minimizes environmental impact.
Let’s define Elastic Logistics:
The term “elastic” in the context of logistics, particularly in “elastic logistics,” refers to the ability of a system or process to be flexible, adaptable, and responsive to changes. In the field of supply chain management, an elastic approach means that the logistics and operational processes can expand or contract easily in response to variations in demand, market conditions, or other external factors.
Adaptive Supply Chain Operations:
Elastic logistics is centered around the idea of adaptability. It involves the real-time adjustment of supply chain operations based on market demand. By constantly monitoring and analyzing market trends, businesses employing elastic logistics can optimize their processes to ensure maximum efficiency.
Efficient Vessel and Transportation Use:
One of the key advantages of elastic logistics lies in its ability to optimize vessel and transportation use. Rather than sticking to rigid schedules and fixed routes, elastic logistics allows for dynamic route planning. This ensures that vessels and transportation modes are utilized efficiently, reducing idle times and overall operational costs.
Elastic logistics is inherently cost-effective. By adjusting space utilization and matching inventory to orders, businesses can minimize excess inventory costs and avoid overstock situations. The dynamic nature of elastic logistics also enables companies to streamline their operations, cutting unnecessary expenses and enhancing overall cost efficiency.
Reducing Environmental Impact:
Sustainability is a growing concern for businesses worldwide. Elastic logistics contributes to environmental conservation by minimizing unnecessary transportation, reducing fuel consumption, and optimizing warehouse space. This results in a smaller carbon footprint, aligning businesses with eco-friendly practices.
Space Optimization and Inventory Management:
Elastic logistics emphasizes the importance of efficient space utilization. By dynamically adjusting warehouse space based on demand fluctuations, businesses can reduce storage costs and enhance overall space efficiency. Inventory management is also streamlined, ensuring that stock levels align with current market needs.
Matching Inventory to Order:
Elastic logistics employs advanced technologies, such as data analytics and artificial intelligence, to match inventory levels precisely to incoming orders. This prevents overstocking or stockouts, enhancing customer satisfaction and reducing the financial impact of excess inventory or lost sales.
Elastic logistics is not just a trend; it’s a strategic imperative for businesses aiming to thrive in today’s fast-paced and unpredictable market. By embracing the principles of adaptability, efficiency, and sustainability, companies can navigate market dynamics with ease. As technology continues to advance, the future of supply chain management undoubtedly lies in the hands of those who can master the art of elastic logistics.
We’re thrilled about attending the Women in Supply Chain Forum in Atlanta next week. This exceptional industry event is a prime opportunity for executives, both men and women, to foster meaningful connections and gain valuable insights through thought-provoking discussion panels, contributing to the growth of their businesses.
If you are attending, make sure to connect with our Liz Switzer & Noelle Taylor!
What the Women in Supply Chain Forum Offers
The Women in Supply Chain Forum in Atlanta is a prestigious event that brings together experts and leaders from the supply chain industry. The forum offers a unique platform for professionals to share experiences, learn from one another, and discuss the latest industry trends and innovations. Here are some key aspects of the forum:
Networking Opportunities: Our team members will have the chance to connect with fellow professionals, fostering relationships that can lead to collaboration and partnerships.
Educational Sessions: The forum features insightful sessions led by accomplished women in supply chain management. Our team members are eager to learn from their peers and stay updated on industry best practices.
Sharing Experiences: By attending this event, our team members aim to share their own experiences, challenges, and successes within a supportive community.
Empowering Women: The forum encourages women to be confident and assertive in their roles, providing tools and strategies for career growth. Our team members are excited to bring this knowledge back to our organization and apply it in their roles.
We are proud to have our team members represent our organization at the Women in Supply Chain Forum in Atlanta. Their participation highlights our commitment to gender diversity and excellence in the supply chain industry. We eagerly await their return, knowing they will bring valuable insights and experiences to benefit our team and the organization. Our team members are not just attending the forum; they embody the spirit of women’s empowerment and progress in the supply chain industry.
CINCINNATI, OH – NOVEMBER 7TH, 2023 – Taylor Logistics Inc., a prominent logistics provider, is proud to announce its position as one of the largest logistics firms in the Cincinnati area, based on local headcount by the Cincinnati Business Courier. This recognition underscores Taylor Logistics’ commitment to delivering excellence in logistics services and contributing to the Cincinnati community.
The logistics landscape in Cincinnati has evolved significantly, and Taylor Logistics has been at the forefront of this transformation, continuously expanding its workforce to meet the growing needs of its business partners. The company’s emphasis on nurturing local talent and bolstering the workforce has solidified its status as a key contributor to the region’s logistics industry.
Drew Taylor, CEO of Taylor Logistics, commented on the achievement, saying, “We are proud to be recognized among the largest logistics firms in the Cincinnati area. This acknowledgment is a testament to our dedication to providing top-tier logistics solutions and fostering growth within the local community.”
Will Roberson, COO and President of Taylor Logistics added, “Our growth and recognition among the largest logistics firms are a reflection of our commitment to delivering superior logistics services and contributing to the economic development of Cincinnati. We remain focused on expanding our impact and providing value to our clients and the local community.”
As one of the largest logistics firms in the Cincinnati area, based on local headcount, Taylor Logistics continues to set new benchmarks in the industry. The company’s dedication to innovation, sustainability, and community engagement underscores its mission to be a leading force in the logistics sector.
For more information about Taylor Logistics and its services, please visit www.taylorlogistics.com.
In this case study, we will delve into the strategic decision-making and actions of a large food manufacturer that sought to safeguard its operations and respond effectively to the challenges posed by the COVID-19 pandemic. To maintain confidentiality, we will refer to the food manufacturer as “Delicious Delights.” Delicious Delights partnered with Taylor Logistics, a prominent logistics and supply chain management company, to address these challenges.
Delicious Delights is a major player in the food manufacturing industry, known for producing a wide range of popular food products. With several production facilities across the United States, they operate in a highly regulated industry that requires strict adherence to food safety and quality standards. When the COVID-19 pandemic emerged, the company realized that its existing logistics and supply chain setup needed to be reinforced to meet increased food demand while adhering to strict safety measures.
Surge in Demand: The onset of the pandemic resulted in an unprecedented increase in demand for certain food products. Delicious Delights needed to scale its production and distribution capabilities quickly.
Safety Compliance: As a food manufacturer, Delicious Delights was pressured to maintain stringent safety and hygiene standards while adhering to evolving pandemic-related guidelines.
Logistics and Supply Chain Agility: The company needed a partner that could help them adapt to the changing landscape of consumer behavior and supply chain dynamics.
Delicious Delights partnered with Taylor Logistics, a renowned logistics and supply chain solutions provider. The key factors behind this decision were:
SQF Food-Grade Warehouses: Taylor Logistics offered strategically located warehouses with Safe Quality Food (SQF) certification. These facilities met the highest standards for food safety and quality.
Multi-Services Offerings: In addition to warehousing, Taylor Logistics provided a suite of services, including transportation and packaging, which enabled Delicious Delights to streamline its supply chain operations.
Scalability: Recognizing the unpredictable nature of the pandemic, Taylor Logistics offered a scalable solution that could flexibly adjust to the fluctuations in demand.
Implementation and Outcomes:
Enhanced Food Safety: Taylor Logistics’ SQF-certified warehouses and rigorous food safety protocols ensured Delicious Delights’ products remained compliant with regulatory standards, reassuring consumers and retailers alike.
Supply Chain Resilience: By leveraging Taylor Logistics’ transportation and warehousing services, Delicious Delights could react nimbly to market changes. This capability was pivotal in managing their increased production requirements during the pandemic.
Scalability: Taylor Logistics’ flexibility allowed Delicious Delights to scale its operations up or down as needed. This ensured timely product delivery and optimized their supply chain costs.
Customer Satisfaction: Delicious Delights’ commitment to quality and safety combined with Taylor Logistics’ capabilities increased customer satisfaction, with on-time deliveries and a consistent supply of products during a turbulent period.
Delicious Delights’ partnership with Taylor Logistics proved to be instrumental in navigating the challenges posed by the COVID-19 pandemic. By tapping into Taylor Logistics’ SQF food-grade warehouse networks, multi-service offerings, and adaptable supply chain solutions, the food manufacturer successfully ensured the safety and reliability of its food products and met the increased demand during this trying period.
This case study underscores the importance of strategic collaborations and supply chain resilience in the food industry, especially in times of crisis. Delicious Delights’ proactive approach to enhancing its logistics capabilities through this partnership ultimately resulted in their business’s continued success and growth.
In the dynamic realm of logistics and supply chain management, navigating the rhythmic ebb and flow of seasonal supply chain shifts is both an art and a science. The ability to harmonize your operations with seasonal fluctuations can spell the difference between triumph and turbulence for your business. Whether you’re peddling sunscreen in summer or crafting holiday magic in winter, understanding and conquering these seasonal shifts is paramount. In this blog post, we will delve into the intricacies of seasonal supply chains and unveil ingenious strategies to help your business not just survive but thrive amidst these shifts.
Decoding Seasonal Supply Chain Shifts
Seasonal supply chain shifts are the balletic movements of commerce, choreographed by the calendar and consumer whims. They materialize when consumer demand for particular products or services experiences pronounced variations throughout the year. These variations are often orchestrated by a symphony of factors, including weather patterns, cultural events, holidays, and economic triggers. Here are some illustrative examples:
Weather-Driven Seasonality: Companies dealing in weather-sensitive wares, such as swimsuits and ski gear, sway with the seasons, adapting their supply chains to these meteorological rhythms.
Festive Frenzy: Retailers, whether physical or online, witness a surge in demand during the festive season, necessitating a flawless fusion of augmented inventory, nimble distribution, and top-notch customer support.
Agricultural Rhapsody: The agricultural sector performs its seasonal sonata as crops are harvested at specific times of the year, affecting not only growers but also the entire supply chain downstream.
Back-to-School Ballet: Businesses peddling school supplies and uniforms orchestrate their operations for the back-to-school season, a crescendo of demand.
Key Strategies for Synchronizing with Seasonal Shifts
Demand Anticipation: Accurate demand forecasting acts as the conductor of your seasonal supply chain orchestra. Harness historical sales data, market intelligence, and predictive analytics to anticipate the crescendos and diminuendos of demand. This enables you to fine-tune inventory levels and production schedules.
Flexibility in Supply Chain Design: Inject adaptability into your supply chain’s DNA to harmonize with changing demand. Embrace flexible staffing arrangements, dynamic warehousing solutions, and versatile transportation options. Temporary personnel and rented storage spaces can be instrumental in hitting the right notes during peak seasons.
Supplier Synergy: Cultivate strong partnerships with suppliers, sharing your seasonal symphony well in advance. Collaborate closely to ensure a steady supply of materials and products when the demand crescendos.
Inventory Virtuosity: Mastery of inventory management is paramount. Employ techniques such as just-in-time inventory, safety stock, and ABC analysis to fine-tune inventory levels. This prevents surplus during lulls and staves off shortages during high-demand periods.
Technological Crescendo: Invest in cutting-edge supply chain technology and automation to streamline processes and elevate efficiency. These tools enhance visibility, orchestrate real-time inventory tracking, and facilitate agile responses to demand fluctuations.
Logistics Choreography: Ensure your transportation and logistics networks possess the grace to handle peak-season volumes. Consider alternative routes and transportation methods to sidestep potential bottlenecks.
Customer Engagement: Keep your audience informed about product availability and delivery schedules during peak seasons. Implement responsive customer support channels to address inquiries and concerns with finesse.
Post-Season Encore: After each peak season performance, conduct a thorough post-season analysis. Uncover areas for refinement, fine-tuning your seasonal supply chain symphony for a stellar encore.
Seasonal supply chain shifts are the verses and choruses of many businesses’ financial songs, and conducting them with mastery is the key to sustained success. By immersing yourself in the rhythm of seasonal demand variations and orchestrating astute strategies, your company can not only meet customer expectations but also transform seasonal challenges into opportunities.
In this harmonious journey, Taylor Logistics stands as your trusted partner, ready to help you hit all the right notes. With their extensive experience and expertise in supply chain management, Taylor Logistics can provide tailored solutions that synchronize your operations with seasonal shifts. Their innovative approach, backed by cutting-edge technology, ensures that your supply chain performs like a well-rehearsed symphony, delivering efficiency and precision.
In a competitive landscape, adaptability and agility during seasonal supply chain shifts are the notes that harmonize with long-term prosperity. So, step onto the stage, embrace the music of the seasons, and let Taylor Logistics choreograph your supply chain for a standing ovation in the world of seamless success.
In today’s fast-paced and highly competitive business environment, logistics and supply chain management play a crucial role in the success of any company. One strategic approach that has gained significant traction in recent years is the utilization of a 3PL (Third-Party Logistics) network of warehouses. Among the various locations available for such a network, Cincinnati has emerged as an ideal choice due to its strategic positioning and numerous advantages. In this blog, we will explore the benefits of having a 3PL network of warehouses in Cincinnati, perfectly positioned to enhance your business operations.
1. Strategic Geographic Location:
Cincinnati’s central location in the United States makes it a prime hub for distribution and transportation. Situated within a one-day drive of two-thirds of the U.S. population, it provides easy access to major markets in the Midwest and along the East Coast. This strategic location minimizes transportation costs and reduces transit times, ensuring faster deliveries to customers.
2. Cost Efficiency:
Cincinnati offers a cost-effective solution for warehousing and distribution. Compared to major coastal cities, the cost of real estate and labor is significantly lower, allowing businesses to allocate more resources to other critical aspects of their operations. This cost-efficiency extends to transportation, as reduced travel distances translate to lower shipping expenses.
3. Scalability and Flexibility:
Partnering with 3PL providers in Cincinnati allows businesses to scale their operations up or down based on demand. Warehouses in the region are equipped to handle various types of goods, and their flexible storage solutions ensure that your inventory is managed efficiently, even during peak seasons.
4. Access to Expertise:
Cincinnati has a well-established logistics and transportation industry. Partnering with 3PL providers in the region grants access to experienced professionals who understand the local market intricacies, compliance regulations, and best practices. This local expertise can be invaluable in streamlining your supply chain operations.
5. Reduced Transit Times:
With Cincinnati’s proximity to major highways, rail networks, and air cargo facilities, your products can reach their destinations faster. Reduced transit times not only satisfy customer expectations for quick deliveries but also help in optimizing inventory levels and minimizing carrying costs.
6. Mitigated Risk:
Natural disasters and disruptions in one region can have a significant impact on the supply chain. Cincinnati’s geographical stability and resilience to extreme weather events make it a safe choice for warehousing. Businesses can rest assured that their inventory is less susceptible to unforeseen disruptions.
7. Improved Customer Service:
Faster deliveries, reduced shipping costs, and reliable service contribute to enhanced customer satisfaction. By positioning your 3PL network in Cincinnati, you can provide your customers with a competitive advantage that sets you apart from the competition.
8. Focus on Core Competencies:
Outsourcing your warehousing and distribution needs to a 3PL provider in Cincinnati allows you to concentrate on your core business activities, such as product development, marketing, and strategic planning. This can lead to increased innovation and profitability.
In conclusion, establishing a 3PL network of warehouses in Cincinnati, with its strategic location and various advantages, can be a game-changer for businesses looking to optimize their supply chain operations. Whether you are a growing e-commerce company or a large manufacturer, Cincinnati’s perfectly positioned logistics infrastructure can help you reduce costs, improve efficiency, and ultimately deliver better service to your customers. Consider leveraging this thriving logistics hub to propel your business to new heights in today’s competitive marketplace.
This award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network.
CINCINNATI, OHIO—Sept. 18, 2023 — Food Logistics, the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain, and Supply & Demand Chain Executive, the only publication covering the entire global supply chain, named Liz Switzer as one of the winners of this year’s Women in Supply Chain Award, which honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network.
“This year, we received over 400 submissions, the highest amount of applications not only for this award, but also for all of our awards. What’s more, 118 of those applications were submitted by male counterparts, nominating their boss, co-worker or associate. Last year, that figure was just at 75. Also this year, 39 women self-nominated, a tremendous uptick from last year’s award, which just saw 12 self-nominations. This shows progress. This shows hope that one day, we won’t need an award like this because men and women in the supply chain will be equal,” says Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. “While there’s still more work to be done, what we’re doing is working. From truck drivers to CEOs, what these winners are doing matters to the future of all supply chains.”
“Women have been making a significant impact in supply chain management, contributing to the growth and innovation of the supply chain industry. As more women join the supply chain workforce, they bring diverse perspectives that can help address complex supply chain problems and improve global supply chain operations. It is important that we empower, recognize and elevate these achievements through initiatives like the Women in Supply Chain Award, as seen through the overwhelming response. Congratulations to all the winners, those who nominated others and the bravery of those who nominated themselves,” adds Sarah Barnes-Humphrey, founder of Let’s Talk Supply Chain podcast and Blended Pledge project, both exclusive sponsors of the Women in Supply Chain award.
About Food Logistics and Supply & Demand Chain Executive
Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Food Logistics and Supply & Demand Chain Executive also operate SCN Summit and Women in Supply Chain Forum. Go to www.FoodLogistics.com and www.SDCExec.com to learn more.
We know that running a business can feel like a rollercoaster ride, especially when it comes to seasonality changes. Whether you’re gearing up for a booming holiday season or bracing for the summer slowdown, the key to success lies in demand planning and the right supply chain strategy. That’s where Taylor, your 3PL hero, steps in to make your supply chain journey smooth and profitable.
Understanding the Seasonal Shuffle
First things first, let’s talk about seasonality. It’s that regular ebb and flow in demand that can leave you spinning if you’re not prepared. Every industry faces these ups and downs, from the holiday shopping frenzy to back-to-school rushes and even summer slumps. How you handle them makes all the difference.
The Power of Demand Planning
Demand planning is like your secret weapon against the unpredictability of seasons. Here’s what it brings to the table:
Data Delights: It all starts with data. Analyzing historical sales figures, market trends, and outside factors is our way of peering into the future.
Forecasting Finesse: Armed with data, we forecast demand like pros. This isn’t just a guess; it’s about spotting patterns and trends to ensure you’ve got what your customers want when they want it.
Inventory Intelligence: Demand planning helps us keep your inventory levels just right—no more shelves crammed with excess stock or frantic last-minute restocking.
Teamwork: We believe in partnership. Collaboration between and continuous communication between our teams– ensures we all sing the same tune.
Scaling Your Supply Chain
Now, let’s talk about scaling operations. It’s the secret to mastering seasonal changes. Why Taylor 3PL, you ask? Here’s why:
Warehouse Wonders: Our flexible warehousing solutions are a godsend. Need to scale up for peak season? Easy peasy. And when demand subsides, you’re not tied to extra space.
Fulfillment Flourish: We’re fulfillment aficionados, ensuring orders are picked, packed, and shipped like clockwork, even during the busiest times.
Transportation Tricks: From route optimization to efficient shipping, our transportation expertise keeps your goods moving seamlessly.
Value-Added Services: Taylor continues beyond warehousing and transportation. We offer a range of value-added services like kitting, labeling, and quality checks to add extra shine to your products.
Growth Mode: As your business soars, Taylor scales with you. Need more space, a dedicated fulfillment center, or expanded value-added services? We’ve got you covered.
In the epic saga of supply chain management, Taylor is your ally. We’re here to help you conquer the unpredictable seas of seasonality, transform challenges into opportunities, and make your supply chain a source of strength.
Ready to embark on this adventure with Taylor by your side? Let’s chat and discover how we can elevate your supply chain to new heights.
Hurricane Idalia briefly intensified into a dangerous Category 4 storm early Wednesday morning before making landfall as a high-end Category 3 on Florida’s west coast.
The eyewall made landfall in the Big Bend area near Cedar Key and, as of 8 a.m. ET, the eye was located just inland from the coast.
In an alert Wednesday, the National Hurricane Center warned that storm surge of 12-16 feet could be expected between Wakulla/Jefferson County line and Yankeetown, Florida. Cedar Key was experiencing nearly 6 feet of inundation Wednesday morning.
8/29 2:00 pm ET:
Hurricane Idalia is still moving northward into the warm waters of the Gulf of Mexico where it is expected to intensify rapidly this afternoon and evening.
Winds remain sustained at 90 miles per hour and the storm is still moving northward at 15 mph.
As of the National Hurricane Center’s 2:00 pm ET update, the center of the storm was located approximately 230 miles SSW of Tampa, Florida.
All watches and warnings across Florida remain in place, including evacuation orders for residents in Tampa and St. Petersburg. The government of Cuba has let all hurricane warnings expire for its country.
The next NHC complete advisory will be issued at 5:00 pm ET.
Idalia strengthened into a hurricane overnight as it moved into the warm waters of the Gulf of Mexico. As of Tuesday morning, winds have increased to 90 miles per hour and the hurricane continues to move northward at a speed of 14 mph.
In an update early Tuesday, the National Hurricane Center said the storm will bring life-threatening storm surge, with some areas expecting 8-12 feet of water.
As the freight market displays initial indications of enhancement, it encounters an additional obstacle: the upcoming advent of Hurricane Idalia. With forecasts predicting the storm’s impact on the United States, experts within the freight sector are preparing for a potential upswing in market rates.
Although there’s a minor upward trend in contract rates, spot market rates have sustained their stability. The impending storm has the potential to trigger a notable surge in spot rates.
Hurricane Idalia’s Projections
According to the National Hurricane Center, Tropical Storm Idalia is forecasted to intensify into a Category 2 hurricane as it moves toward Florida’s west coast. The effects of such a hurricane could be far-reaching, not just environmentally but economically as well.
Freight Market Implications
Historically, hurricanes have impacted the freight market in several ways:
Infrastructure Damage: Damage to roads, ports, and bridges limits transportation routes, concentrating demand in operational areas.
Post-Storm Rebuilding: The recovery phase post-hurricane increases demand for the transportation of construction materials.
Historical Data Insight
For context, Hurricane Harvey in 2017 disrupted nearly 10% of the trucking industry in the U.S. for two weeks and caused spot rates to jump by over 20% in the aftermath. Additionally, with damages totaling around $125 billion, the required rebuilding materials and supplies led to sustained heightened rates in the affected regions.
Hurricane Idalia’s potential impact on the freight spot market serves as a reminder of the interdependence of environmental events and industry dynamics. As Florida prepares for the storm, the freight industry, too, must strategically plan for the challenges and demands ahead.
A valuable resource is the American Logistics Aid Network (ALAN); please visit the ALAN website for Activation Updates, Stories involving the storm, and information on how to help.
In today’s business landscape, sustainability is no longer a buzzword but a fundamental consideration. In the realm of third-party logistics (3PL), partnering with a provider committed to sustainability and transparent impact reporting offers benefits beyond the bottom line. For shippers, this strategic collaboration blends values with vision, enhancing supply chain strategies and ultimately reducing your brand’s footprint.
Selecting a 3PL with a robust sustainability or Environmental, Social, and Governance (ESG) program is a statement of shared values. It shows your commitment to responsible business practices and reinforces your brand’s integrity. You create a more meaningful, long-lasting collaboration by aligning with a partner that values sustainability.
Environmental Impact Reduction
The logistics sector plays a significant role in carbon emissions and resource depletion. Opting for a sustainable 3PL means you’re actively contributing to reducing these impacts. These providers often utilize energy-efficient vehicles, eco-friendly packaging, and streamlined transportation routes, leading to a greener supply chain and a cleaner environment.
Meeting Regulatory Demands
Environmental regulations are evolving rapidly. A 3PL experienced in sustainability is better equipped to navigate these changes, helping your supply chain comply with current and future regulations. This proactive approach minimizes legal risks and keeps your business ahead of the curve.
Insights Through Transparency
A sustainable 3PL that regularly reports its sustainability metrics provides you with valuable insights into its performance. Transparent reporting showcases their dedication to sustainability and allows you to gauge the effectiveness of their efforts. This data-driven approach empowers you to make well-informed decisions about your logistics partner.
Contrary to the misconception that sustainability incurs additional costs, partnering with a sustainable 3PL often leads to cost savings. Efficiency gains from sustainable practices, such as optimized routes and reduced energy consumption, translate into financial benefits for your business.
Enhanced Reputation and Customer Appeal
Modern consumers are more conscious of a company’s sustainability efforts than ever before. Partnering with a sustainable 3PL aligns your supply chain with the values of eco-conscious customers. This alignment can attract a dedicated customer base, foster loyalty, and set your brand apart in a competitive market.
Choosing a 3PL with a strong sustainability or ESG program and a commitment to transparent metrics is a strategic move that pays off in numerous ways. It showcases your values, reduces environmental impact, ensures regulatory compliance, provides valuable insights, saves costs, and appeals to discerning consumers. By making this choice, you’re building a better supply chain and contributing to a more sustainable future for all.
A well-optimized supply chain network is the cornerstone of success in the ever-evolving business landscape. The intricate web of processes ensures your products reach customers efficiently, on time, and at the right cost. As shippers seek reliable partners for their supply chain needs, it’s essential to recognize the signs that indicate the time is ripe for optimizing your supply chain network. In this article, we’ll delve into the five crucial signs that should catch your attention:
Delays Becoming the Norm: When delays in delivering products to your customers become a recurring theme, it’s time to assess your supply chain network. Delays can lead to dissatisfied customers, missed opportunities, and increased costs due to expedited shipping. An optimized supply chain ensures timely deliveries, enhancing customer satisfaction and bolstering your business reputation.
Fluctuating Demand Challenges: If you find it challenging to manage fluctuating customer demands efficiently, your supply chain might be due for optimization. A well-optimized network adapts seamlessly to changes in demand, ensuring you have the right products in the right quantities without overstocking or understocking.
Rising Operational Costs: Are your operational costs skyrocketing due to inefficient transportation, excess inventory, or poor coordination among supply chain partners? Optimal supply chain networks identify and eliminate such bottlenecks, resulting in reduced operational costs and improved profitability.
Lack of Visibility and Data Insights: In today’s data-driven world, lack of visibility into your supply chain can be detrimental. An optimized network utilizes advanced technologies like IoT, RFID, and analytics to provide real-time insights into inventory levels, transportation routes, and potential disruptions. This empowers you to make informed decisions and enhances overall efficiency.
Global Expansion Aspirations: If you’re considering expanding your business globally, supply chain optimization becomes paramount. International operations bring about a myriad of complexities, from customs regulations to varying transportation modes. An optimized supply chain network can help you navigate these challenges and ensure smooth global operations.
How to Optimize Your Supply Chain Network
Recognizing these signs is just the first step. To truly unlock the benefits of a well-optimized supply chain network, consider the following strategies:
Collaborate with Experts: Partner with supply chain experts (like #TeamTaylor) who can analyze your current network, identify inefficiencies, and provide tailored solutions. Their expertise can help you design a more efficient and agile supply chain.
Embrace Technology: Leverage technology to enhance visibility, automation, and data-driven decision-making. Implementing a robust supply chain management system can streamline processes and help you respond effectively to changes in demand and market conditions.
Streamline Processes: Identify bottlenecks and redundant processes within your supply chain and work on streamlining them. This could involve reevaluating supplier relationships, optimizing transportation routes, or redesigning inventory management processes.
Demand Forecasting: Invest in accurate forecasting tools to predict customer demand more effectively. This helps prevent overstocking or understocking and ensures you have the right products available at the right time.
Continuous Improvement: Supply chain optimization is not a one-time task; it’s an ongoing process. Regularly assess your network’s performance, gather feedback from customers and partners, and make necessary adjustments to stay ahead of the curve.
Recognizing the signs indicating the need for supply chain optimization is crucial to ensuring your business’s success. By partnering with experts, leveraging technology, streamlining processes, and embracing continuous improvement, you can create a robust and agile supply chain network that meets customer expectations and drives your business forward. So, whether you’re a startup or an established enterprise, now is the time to seize the opportunity and optimize your supply chain for a brighter, more efficient future.
In the fiercely competitive world of modern business, brands need to leverage advanced technologies to streamline their operations and gain a competitive edge. One such technology that is transforming inventory management for brands is real-time inventory tracking through a Warehouse Management System (WMS) customer portal. In this blog post, we’ll explore how partnering with a 3PL (Third-Party Logistics) provider like Taylor, who offers a cutting-edge WMS customer portal with real-time tracking capabilities at no extra cost, can revolutionize inventory management and drive unprecedented benefits for your business.
1. Real-Time Inventory Visibility
When it comes to inventory management, knowledge is power. Real-time visibility into your inventory levels across multiple locations is essential for optimizing operations and promptly meeting customer demands. With Taylor’s WMS customer portal, you gain instant access to accurate, up-to-the-minute information about your inventory. This includes stock levels, order status, inbound and outbound shipments, and more, empowering you to make well-informed decisions at every step of the supply chain.
2. Seamless Order Fulfillment
Efficient order fulfillment is the lifeblood of any brand striving to deliver exceptional customer experiences. Taylor’s WMS customer portal facilitates seamless order processing by providing real-time insights into available inventory. With this comprehensive view, you can efficiently allocate stock to fulfill orders from the nearest distribution center or warehouse, ensuring faster delivery times and reduced shipping costs. The result? Satisfied customers and increased loyalty to your brand.
3. Proactive Inventory Management
Proactive inventory management is crucial for avoiding costly stockouts or overstocking situations. Taylor’s WMS customer portal allows you to set up automated alerts for low inventory levels, enabling you to replenish stock in a timely manner. By staying one step ahead of demand fluctuations, you can optimize inventory turnover, reduce holding costs, and free up working capital for other strategic investments.
4. Data-Driven Decision Making
In the age of big data, businesses that leverage actionable insights gain a significant advantage over their competitors. Taylor’s WMS customer portal collects and analyzes real-time inventory data, presenting you with easy-to-understand dashboards and reports. This data-driven approach empowers you to identify trends, spot inefficiencies, and make informed adjustments to your supply chain strategy, further enhancing operational efficiency and cost-effectiveness.
5. Enhanced Collaboration
Effective collaboration between brands and their 3PL partners is essential for mutual success. Taylor’s WMS customer portal fosters seamless communication by providing a shared platform for real-time inventory updates and order tracking. This transparency ensures that both parties are on the same page, leading to better coordination, fewer errors, and improved overall performance.
In conclusion, real-time inventory tracking through Taylor’s WMS customer portal is a game-changer for brands seeking to optimize their supply chain and deliver exceptional customer experiences. By partnering with a 3PL that offers this technology at no extra cost, you gain access to invaluable tools for inventory management, order fulfillment, and data-driven decision-making. Embrace the power of real-time inventory tracking and elevate your brand to new heights of efficiency and customer satisfaction.
Taylor Logistics Inc., a leading provider of comprehensive logistics solutions, is thrilled to announce its recognition as a Top 100 Logistics Provider by Inbound Logistics magazine for the year 2023. This prestigious accolade highlights Taylor Logistics’ commitment to excellence in the industry and its unwavering dedication to providing exceptional logistics services to its customers, business partners, and vendors.
Inbound Logistics, a renowned industry publication, annually recognizes the top logistics providers who demonstrate innovation, excellence, and superior customer service. The selection process involves an extensive evaluation of companies based on criteria such as operational efficiency, technological advancements, customer satisfaction, and overall industry leadership.
Taylor Logistics has continually demonstrated its ability to deliver comprehensive logistics solutions that meet and exceed the evolving needs of its diverse clientele. By leveraging cutting-edge technology, robust supply chain strategies, and a highly skilled workforce, Taylor Logistics has consistently set the benchmark for excellence in the logistics industry.
“We are delighted and honored to be named a Top 100 Logistics Provider by Inbound Logistics for 2023,” said Drew Taylor, CEO & Chairman of Taylor Logistics Inc. “This recognition is a testament to the hard work, dedication, and expertise of our team members who consistently strive to provide our customers, business partners, and vendors with superior logistics solutions. We remain committed to delivering exceptional value, innovation, and caring for our customer’s inventory.”
Taylor Logistics offers various logistics services, including transportation management, warehousing and distribution, supply chain optimization, and food-grade warehousing. The company’s integrated approach and customized solutions empower customers to streamline operations, reduce costs, improve efficiency, and enhance their overall supply chain performance.
As a trusted logistics partner, Taylor Logistics has built enduring relationships with its customers, business partners, and vendors across various industries, including retail, manufacturing, food, beverage, and consumer goods. The company’s ability to adapt to dynamic market conditions and rapidly changing industry trends has been instrumental in ensuring the success of Taylor and its business partners.
About Taylor Logistics Inc.
Taylor Logistics Inc. is a leading provider of comprehensive solutions committed to delivering excellence and innovation in the logistics industry. With a customer-centric approach, cutting-edge technology, and a highly skilled workforce, Taylor Logistics offers a wide range of services, including transportation management, warehousing and distribution, supply chain optimization, and e-commerce fulfillment. The company serves customers, business partners, and vendors across various industries and is dedicated to helping businesses achieve their logistics goals efficiently and effectively.
As the Fourth of July approaches, the excitement of fireworks, barbecues, and celebrations fills the air. It’s a day when Americans come together to commemorate their independence and enjoy the spirit of freedom. Behind the scenes, third-party logistics providers like Taylor Logistics play a vital role in ensuring that shippers’ supply chains run smoothly, allowing everyone to have a great Independence Day. In this blog post, we’ll explore how Taylor Logistics and other 3PLs contribute to ensuring a seamless experience for shippers, ultimately enabling a memorable and stress-free holiday for all.
Efficient Distribution and Inventory Management
The Fourth of July is when demand for various products peaks, from food and beverages to party supplies and decorations. Shippers face the challenge of efficiently managing their inventory and ensuring that the right products are available at the right place and time. This is where third-party logistics providers step in. With its supply chain management expertise, Taylor Logistics helps shippers optimize their distribution networks, streamline inventory management, and ensure timely deliveries. By coordinating warehousing, transportation, and order fulfillment processes, they provide that shippers can meet the heightened demands of the holiday season.
Responsive and Agile Transportation Solutions
Transportation plays a critical role in the supply chain, especially during holidays when there is a surge in consumer demand. Shippers must rely on reliable and agile transportation services to ensure their products reach the market on time. Third-party logistics providers, like Taylor Logistics, excel in offering responsive transportation solutions. They leverage their extensive network of carriers, establish efficient routes, and monitor shipments in real-time to ensure smooth and uninterrupted product flow. By managing the complexities of transportation logistics, 3PLs help shippers avoid delays, minimize stockouts, and maintain customer satisfaction during the festive season.
Flexibility in Scaling Operations
The Fourth of July often brings unpredictable fluctuations in demand. Shippers must be prepared for sudden spikes in orders and adjust their operations accordingly. This is where the flexibility provided by third-party logistics providers becomes invaluable. Taylor Logistics, for instance, can quickly scale up or down its services based on the shippers’ needs. Whether adding additional warehouse space, increasing labor, or ramping up transportation capacity, 3PLs have the necessary resources and expertise to adapt to the dynamic demands of the holiday season. By offering scalable solutions, they enable shippers to meet customer expectations efficiently.
End-to-End Visibility and Tracking
Customers expect transparency and real-time updates on their orders in the modern world. Third-party logistics providers integrate advanced technology solutions into their operations, providing end-to-end visibility and tracking capabilities. Taylor Logistics and similar 3PLs leverage GPS tracking, cloud-based platforms, and data analytics to monitor shipments, manage inventory, and ensure timely deliveries. This level of visibility empowers shippers with actionable insights, allowing them to promptly make informed decisions and address any potential disruptions.
As we celebrate Independence Day, it’s important to recognize third-party logistics providers like Taylor Logistics play a significant role in ensuring smooth supply chains. By optimizing distribution networks, providing agile transportation solutions, offering scalability, and leveraging advanced technologies, 3PLs give a seamless experience for shippers. Their dedication and expertise enable everyone to enjoy a stress-free and memorable Fourth of July. So, let’s raise our glasses and salute the logistics professionals who work behind the scenes, ensuring that the celebrations go on smoothly as we come together to celebrate the spirit of independence.
CINCINNATI, Ohio. – JUNE, 26th 2023 – Taylor Logistics, a leading provider of comprehensive logistics solutions, is pleased to announce the appointment of Jason Sargent as its new Vice President of Logistics. With nearly 20 years of experience in the logistics industry, Jason brings a wealth of knowledge and expertise to Taylor. In his new role, he will oversee the strategic planning and execution of our logistics operations, driving efficiency and ensuring exceptional service delivery to our valued customers.
“I know his professionalism, expertise, and attitude is a value-add to both our team and customers, which is why we exist,” said Will Roberson, COO of Taylor Logistics Inc. “His proven track record of success and deep understanding of the industry will be instrumental in elevating our operations to new heights and reinforcing our commitment to providing unparalleled logistics services.”
Prior to joining Taylor Logistics, Jason held various key leadership positions within prominent logistics organizations, where he demonstrated exceptional leadership skills, implemented innovative strategies, and consistently achieved outstanding results. His profound insights into supply chain management and his ability to drive operational excellence will play a pivotal role in enhancing our capabilities and meeting the evolving needs of our clients.
“I am honored to join #TeamTaylor and be a part of a dynamic team that is known for its commitment to excellence,” said Jason Sargent. I look forward to being a part of the next chapter of Taylor’s rich history and building on a strong foundation of core values and progressive, customer-centered solutions.”
As the new VP of Logistics, Jason will work closely with our brokerage team with home base in Newport, Kentucky, to optimize processes, strengthen partnerships, and drive innovation. His leadership will be instrumental in further positioning Taylor Logistics as a trusted industry leader.
About Taylor: Taylor Logistics Inc. is a leading provider of end-to-end logistics solutions, offering a comprehensive range of services, including transportation, warehousing, supply chain management, and more. With a focus on customer satisfaction, cutting-edge technology, and a commitment to excellence, Taylor Logistics continues to deliver exceptional results for its business partners across various industries. For more info, please visit Taylor’s website: www.taylorlogistics.com
Every year, on June 28th, the world celebrates National Logistics Day! It might be one of our favorite days of the year tbh. This particular day pays tribute to the unsung heroes who work tirelessly behind the scenes, ensuring the smooth flow of goods and services across the globe. The logistics industry supports economic growth and international trade, from transporting raw materials to delivering finished products. In this blog, we will delve into the significance of National Logistics Day and shed light on the invaluable contributions of logistics professionals.
Logistics encompasses managing, coordinating, and implementing various activities involved in transporting, storing, and distributing goods and services. It includes procurement, inventory management, packaging, transportation, warehousing, and order fulfillment. The logistics sector acts as a vital link connecting manufacturers, suppliers, retailers, and end-consumers, ensuring the efficient movement of goods and minimizing disruptions in the supply chain.
The Importance of National Logistics Day
National Logistics Day serves as an opportunity to recognize and appreciate the immense impact of the logistics industry on global trade, economic development, and everyday life. This day allows us to acknowledge the challenges logistics professionals face and the constant innovations they employ to overcome these obstacles. From managing complex supply chains to navigating intricate regulatory frameworks, logistics experts drive productivity and facilitate seamless cross-border transactions.
Key Contributions of Logistics Professionals
Supply Chain Efficiency: Logistics professionals optimize the supply chain to enhance efficiency, reduce costs, and improve delivery times. They employ sophisticated technologies and data-driven strategies to streamline operations, enhance inventory management, and minimize wastage.
Global Trade Facilitation: As international trade expands, logistics professionals facilitate the movement of goods across borders, ensuring compliance with customs regulations, handling documentation, and coordinating with various stakeholders. They help bridge the gap between manufacturers and consumers in different countries, fostering economic growth and promoting cultural exchange.
Crisis Management: Logistics experts are adept at managing unexpected disruptions and crises, such as natural disasters or global pandemics. They develop contingency plans, reroute shipments, and ensure the availability of essential goods and medical supplies during times of emergency, playing a vital role in supporting communities and maintaining stability.
Sustainability and Environmental Responsibility: With growing concerns about climate change, logistics professionals are increasingly focusing on sustainable practices. They explore alternative fuels, optimize transport routes, and implement eco-friendly packaging solutions to minimize their environmental footprint and contribute to a greener future.
Celebrating National Logistics Day
Recognizing Logistics Professionals: National Logistics Day provides an opportunity to appreciate the hard work, dedication, and expertise of logistics professionals worldwide. Express gratitude to the individuals and teams involved in ensuring the smooth functioning of the supply chain by highlighting their achievements and sharing success stories.
Promoting Awareness: Educate the public about the role of logistics in their daily lives. Showcase how logistics impacts various industries, from retail and manufacturing to healthcare and e-commerce. Encourage conversations about the importance of logistics and its potential for career opportunities and economic growth.
Encouraging Collaboration: National Logistics Day is an ideal occasion for businesses, government bodies, and industry associations to collaborate and explore new ways to improve logistics operations. By sharing best practices, fostering innovation, and promoting knowledge exchange, stakeholders can work together to enhance efficiency and overcome challenges.
National Logistics Day serves as a reminder of the pivotal role played by the logistics industry in enabling global trade, economic growth, and societal well-being. It offers an opportunity to recognize the efforts of logistics professionals, appreciates their contributions, and promote the importance of logistics in our interconnected world. So, let’s come together on June 28th to celebrate National Logistics Day and honor those who keep the world moving forward.
Forklifts play a crucial role in the day-to-day operations of warehouses and fulfillment centers, efficiently moving heavy loads and keeping supply chains running smoothly. However, they also pose inherent risks if not cautiously operated and within established safety guidelines. With the upcoming Forklift Safety Day 2023, it is an opportune time to emphasize the importance of forklift safety and shed light on enhancing safety practices in these critical work environments.
Understanding Forklift Safety
Forklift Safety Day observed annually, aims to promote awareness and educate workers about the potential hazards associated with forklift operations. It serves as a reminder to prioritize safety, reduce accidents, and protect the well-being of employees. The theme for 2023 revolves around cultivating safety culture and equipping workers with the necessary knowledge and skills to navigate these machines responsibly.
Creating a Culture of Safety
Training and Certification: Comprehensive training programs are vital for operators to thoroughly understand forklift operations, safety protocols, and best practices. Certification should be mandatory, ensuring that only trained individuals operate forklifts.
Ongoing Education: Regular refresher courses and safety meetings help reinforce safe practices and keep operators up to date with the latest safety regulations. It is crucial to emphasize the significance of constant learning and vigilance while operating forklifts.
Pre-Operation Inspections: Establishing a pre-shift inspection routine ensures that forklifts are in optimal condition. Operators should examine brakes, tires, lights, controls, and other critical components. Reporting any issues promptly provides necessary maintenance and minimizes the risk of accidents.
Safe Operational Practices
Speed Control: Encouraging operators to adhere to safe speed limits is essential. Excessive speed can lead to instability and loss of control, especially when turning or operating on uneven surfaces.
Load Capacity Awareness: Overloading a forklift compromises stability and increases tip-overs risk. Operators must be educated on load capacity limits and reminded to follow them strictly.
Proper Load Handling: Correctly positioning and securing loads on the forks ensures stability and prevents accidents during transport. Training should cover techniques for proper stacking, avoiding excessive height, and keeping loads balanced.
Pedestrian Safety: Warehouses and fulfillment centers are dynamic environments with workers on foot. Implementing clear pedestrian walkways, using visual cues like floor markings, and training operators to be alert for pedestrians can significantly reduce the risk of collisions.
Hazard Communication: Effective signage and proper marking of hazardous areas help alert forklift operators to potential dangers and ensure safe navigation within the facility.
Continuous Improvement and Technology
Regular Equipment Maintenance: Establishing routine maintenance schedules and promptly addressing any identified issues is crucial. Well-maintained forklifts operate more reliably, reducing the likelihood of accidents caused by mechanical failures.
Adoption of Safety Technologies: Advancements in forklift safety technologies, such as proximity sensors, cameras, and automatic braking systems, can add an extra layer of protection. Evaluating and integrating such technologies can enhance overall safety in warehouses and fulfillment centers.
Forklift Safety Day 2023 serves as a reminder to prioritize safety, promote a culture of responsibility, and safeguard workers in warehouses and fulfillment centers. By providing comprehensive training, implementing best practices, and embracing technological advancements, we can mitigate the risks associated with forklift operations. Let us join hands in ensuring a secure and productive working environment while striving for continuous improvement in forklift safety. We can reduce accidents, protect lives, and optimize operations in these vital sectors.
As the 2023 hurricane season approaches, businesses must prepare for the potential disruptions that these natural phenomena can bring. A resilient supply chain is essential to mitigate risks, ensure business continuity, and protect customer satisfaction. In this blog post, we will explore the critical challenges posed by hurricanes and outline best practices to fortify your supply chain against their impacts.
Keeping a close eye on weather forecasts and monitoring updates from reputable sources is essential. Establishing a dedicated team responsible for tracking and analyzing storm developments will ensure timely and accurate information. Leverage technology and advanced analytics tools to gain insights into potential storm paths, intensity, and estimated impact zones.
Risk Assessment and Contingency Planning
Conduct a comprehensive risk assessment to identify vulnerabilities within your supply chain. Evaluate the potential impact of hurricanes on transportation routes, production facilities, warehouses, and suppliers. Develop contingency plans that address various scenarios, allowing for quick response and adaptation when necessary.
Diversify and Strengthen Supplier Networks
Relying heavily on a single supplier or geographical region can magnify the impact of a hurricane. Consider diversifying your supplier network to mitigate risks. Collaborate with suppliers in different areas, ensuring they possess the capacity and capabilities to handle increased demand during a hurricane’s aftermath.
Establish Effective Communication Channels
Establish open lines of communication with suppliers, transportation partners, and customers. Promptly share information regarding any disruptions, delays, or changes in operations. Maintain regular contact throughout the storm and its aftermath to minimize uncertainties and facilitate coordinated recovery efforts.
Robust Inventory Management
Maintain optimal inventory levels by strategically positioning stock at multiple locations. Ensure adequate stock reserves in warehouses and distribution centers outside hurricane-prone areas. Leverage forecasting tools and demand sensing technologies to anticipate changes in demand patterns and adjust inventory accordingly.
Forge strong partnerships with logistics providers and transportation companies with experience handling natural disasters. Collaborate closely with them to develop contingency plans, ensure prioritized service during emergencies, and establish alternative routes if necessary.
Protect Infrastructure and Assets
Invest in fortifying critical infrastructure, such as warehouses and distribution centers, to withstand hurricane-force winds and potential flooding. Implement preventive measures, such as securing loose equipment and utilizing storm shutters or protective covers. Regularly review insurance coverage to ensure it adequately protects your assets.
Employee Safety and Well-being
Prioritize the safety and well-being of your employees during a hurricane event. Develop robust emergency response plans that outline evacuation procedures, shelter arrangements, and communication protocols. Conduct training sessions to educate employees on safety measures and emergency preparedness.
The 2023 hurricane season brings challenges and opportunities for businesses operating within vulnerable areas. By proactively implementing these best practices and continuously refining your supply chain strategies, you can enhance resilience and maintain operational continuity despite adverse weather events. Remember, preparation is critical, and adapting swiftly will enable your supply chain to weather the storm and emerge more robust than ever.
(Note: This blog post provides general guidance, and it is important to consult with industry experts and consider specific regional factors when implementing hurricane preparedness measures for your supply chain.)
As we dive into the midpoint of 2023, the freight market continues to evolve, presenting challenges and opportunities for shippers worldwide. In this blog, we will look closer at the current state of the June 2023 freight market and explore what the rest of the month holds for shippers. Understanding these dynamics can help shippers make informed decisions and optimize their supply chain operations.
Demand and Capacity
The freight market in June 2023 is witnessing robust demand for shipping services across various industries. In addition, economic recovery from the pandemic is gaining momentum, leading to increased consumer spending and heightened manufacturing activity. As a result, shippers can expect strong demand for their products, driving the need for reliable transportation services.
However, this surge in demand has led to capacity constraints in the freight market. The imbalance between supply and demand has resulted in higher freight rates and reduced availability of trucking, ocean, and air freight capacity. Shippers should anticipate these challenges and plan their shipments accordingly.
Due to the demand and capacity imbalance, freight rates increased in June 2023. Shippers should be prepared for higher transportation costs, particularly trucking and container shipping. Budgeting accordingly and negotiating favorable rates with carriers and logistics providers is crucial.
Shippers can explore alternative transportation modes to mitigate the impact of rising freight rates or consider collaborating with freight forwarders who can leverage their networks to secure competitive rates. Optimizing shipment consolidation and employing efficient logistics strategies can also help reduce costs.
Technology and Digitization
Technology is vital in navigating the freight market in this increasingly digital era. Shippers should leverage digital platforms and transportation management systems (TMS) to streamline operations and gain better visibility into their supply chain. In addition, real-time tracking and analytics can provide valuable insights, enabling shippers to make data-driven decisions and optimize freight movements.
Emerging technologies like blockchain and the Internet of Things (IoT) are also revolutionizing the freight industry. These technologies enhance transparency, traceability, and security throughout the supply chain. Therefore, shippers should explore opportunities to incorporate such innovations into their operations to gain a competitive edge.
Shippers can contribute to sustainability goals while maintaining operational efficiency by utilizing intermodal transportation, optimizing routes, and embracing alternative fuels. In addition, partnering with environmentally conscious logistics providers can help shippers align their supply chain with sustainability objectives.
As we progress through June 2023, the freight market presents a mixed landscape of opportunities and challenges for shippers. Understanding the current dynamics and proactively adapting to market changes are key to success. By considering factors such as demand and capacity, freight rates, technology and digitization, and sustainability initiatives, shippers can navigate the freight market effectively and ensure the smooth transportation of their goods.
Partner With Taylor
When meeting your freight needs, Taylor Logistics brokerage services stand out as an excellent choice. With their extensive expertise and industry knowledge, Taylor offers a comprehensive range of logistics solutions tailored to your requirements. Whether you need assistance with transportation management, freight optimization, or supply chain consulting, Taylor Logistics has the expertise and resources to deliver results. They leverage their vast network of carriers and deep understanding of the market to ensure efficient and cost-effective transportation solutions. With a focus on customer satisfaction, Taylor Logistics provides personalized support and real-time visibility, allowing you to track your shipments and make informed decisions. By partnering with #TeamTaylor, you can streamline your supply chain operations, optimize costs, and enhance overall efficiency, ultimately helping your business thrive in the dynamic freight industry.
Companies always look for ways to reduce costs and increase efficiency in today’s highly competitive global economy. To handle their supply chain needs, many companies outsource to third-party logistics providers (3PL).In addition to warehousing, order fulfillment, and transportation, 3PLs offer various services. The benefits of these services can be significant for companies, but they need to be appropriately considered before deciding to use any 3PL. To evaluate a 3PL provider, you should follow these ten steps.
It is essential to compare the costs of their services to in-house operations as a first step. By doing this, you can determine whether 3PL’s services are cost-effective and if they provide value for money. Don’t forget to factor in additional costs such as setup, technology, and transportation fees.
Analyze On-Time Delivery Rates
An essential aspect of 3PL management is measuring on-time delivery rates. If the 3PL meets customer expectations, this will give you an idea of its reliability. On-time delivery rates are vital for companies that operate in industries where timeliness is critical.
Inventory accuracy is another important metric to look for in a 3PL provider. This will let you know how well the third-party logistics provider is managing your inventory and whether they can monitor stock levels. Since this can significantly contribute to errors and delays, measuring the 3PL’s capacity to track inventory in transit is also critical.
Numerous methods, including customer surveys, reviews, and feedback, can be used to gauge customer happiness. You can determine how well the 3PL is meeting consumer expectations by asking for a customer promoter score and referrals.
Return on Investment
Keeping track of your costs will provide insight into the amount of extra revenue your business obtains from the 3PL. In addition, analyzing the revenue generated by the 3PL and comparing it to the costs associated with their services will enable you to gain a more comprehensive understanding of your overall return on investment.
Following the steps outlined above can help you evaluate a 3PL provider and see if they are providing value for the money. With the right metrics in place, you can make an informed decision about whether or not to continue working with them.
?Selecting the right 3PL provider is an important decision that can significantly impact your company’s success. Evaluating a 3PL provider’s industry experience, technology and tools, services offered, customer service, pricing and agreements, security and compliance, scalability and flexibility, and reputation will help organizations meet their logistics needs and gain a competitive edge. As a result, you can make more informed decisions.
It’s essential to thoroughly research any 3PL provider before making a decision. This includes asking the right questions and conducting due diligence to verify vendor credentials and capabilities. By selecting a 3PL provider that best suits their needs, companies can improve the efficiency of their supply chain, reduce costs, and improve the customer experience. Questions or need to speak with an expert? Talk with Taylor!
The Safe Quality Food (SQF) Program is a Global Food Safety Initiative (GFSI) recognized food safety certification covering all stages of the food supply chain through industry-specific codes ranging from primary production to food manufacturing, distribution, food packaging, and retail.
What is the SQF Certification?
The Safe Quality Food (SQF) Program is a food safety and quality program for companies of all sizes, from large corporations to small, family-owned businesses. The certification is recognized by retailers, brand owners, and food service providers worldwide.
The program involves a set of rigorous food safety and quality codes designed to meet industry, customer, and regulatory requirements for all food supply chain sectors. This means from the farm to the retail stores. And the certification is recognized by the Global Food Safety Initiative.
Achieving SQF certification is a public statement of commitment to food safety. Because SQF is a set of strict “farm-to-fork” food safety quality codes and standards, achieving the certification lets food producers show their customers that their product meets the highest possible level of safety. It helps demonstrate that food safety and quality controls have been effectively implemented and validated in that facility and throughout the supply chain.
Benefits of SQF Certification
Although SQF certification is a strict process that requires organizations to adhere to stringent food safety and quality management standards, there are many advantages it comes with. Here are three essential benefits of SQF certification.
Cincinnati Food-Certified Warehousing Solutions
At Taylor, we want our clients to rest assured that our team handles and stores their products carefully. By obtaining the SQF certification, you can have confidence that we have a comprehensive food safety system to make it happen.
Our SQF food-grade warehouses have monitored security and undergo regular sanitation and pest control treatments to ensure a clean and stable environment following today’s regulatory compliance requirements.
This week, our Monroe team underwent a Safe Quality Foods (SQF) audit scoring an outstanding 98%. This is an exceptional accomplishment, as we continually strive for the highest standard in food safety for our business partners. A special kudos to the entire Monroe team. We will be adding yet another championship banner!
What is SQF?
The Safe Quality Food (SQF) Program is a rigorous and credible food safety and quality program recognized by retailers, brand owners, and food service providers worldwide. Recognized by the Global Food Safety Initiative (GFSI), the SQF family of food safety and quality codes are designed to meet industry, customer, and regulatory requirements for all food supply chain sectors – from the farm to retail stores. This rigorous farm-to-fork food safety and quality certification also help food producers assure their buyers that their food products meet the highest possible global food safety standards.
Why is SQF important for your brand?
This farm-to-fork food safety and quality certification helps food producers assure their buyers that food products have been grown, processed, prepared, and handled according to the highest possible global food safety standards. It can immediately improve your standing in the eyes of new partners and deals. For everyone at Taylor, this achievement is an excellent validation of our hard work and our team’s commitment to safe food operations. For you, it means increased protection in the event of recalls, improved operational efficiencies in our work together, managed risks, and peace of mind with certified due diligence.
Happy #EarthDay! As temporary custodians of our planet, we must ensure that future generations will enjoy our earth’s benefits. We believe in positively impacting the environment by implementing new technologies and reducing our emissions. Learn more about Taylor sustainability here: https://taylorlogistics.com/sustainability/
As a business expands and you need to get products in new markets to more customers, there comes a time when it must determine whether to outsource its supply chain operations.
To meet customer demand, shippers turn to a third-party logistics (3PL) provider to do just that.
But not all 3PLs offer the same services and capabilities. For example, some just focus on transportation, and some just on fulfillment. But what about a full-service logistics provider that can do it all? Learn more about the functions of a full-service 3PL like Taylor.
As a multi-service 3PL that also handles transportation, we are responsible for transporting goods between locations, from manufacturer to fulfillment to any brick-and-mortar store, and even direct parcels to your doorstep. Because we have our in-house brokerage and local Cincinnati fleet, there’s no need to leverage another partner to complete any shipping needs.
In addition to transportation, warehousing, and distribution, several 3PLs like Taylor also provide a wide variety of value-added services, including eCommerce, pick & pack, kitting, custom labeling, manufacturing, Amazon prep services, and design. By outsourcing these services, business partners can focus on their core business.
Need a full-service 3PL partner?
Fill out the form below and a member of our team will reach out asap. Questions? Inbox us at email@example.com or call 513-771-1850
When it comes to perishable foods, pharmaceuticals, and other temperature-sensitive materials, you have an entirely different set of requirements when shipping your goods. Even the most durable trucks are subject to temperature and weather changes that can affect the materials transported. In addition, considering delivery windows are tight when transporting perishable items, costs tend to go up, and so does the stress of getting your items to where they need to be without perishing. Therefore, regardless of what you are shipping, you must ensure temperature requirements are met for all your deliveries. Our team of experts compiled a guide if you are new to temperature-controlled shipping or have questions about handling your freight of sensitive goods, as well as a few tips for setting you up for success.
What is temperature-controlled transport?
Temperature-controlled transport is any transport that takes place within a specific temperature or temperature range and uses unique mechanisms to protect the goods from being transported. It includes all processes for preparing orders, transporting, and delivering goods under special cooling conditions.
Common temperature-controlled freight
There is an extensive range of products that need to be temperature controlled. Here’s a closer look at some of the many categories that temperature-controlled freight covers:
Food – The most obvious and most prominent of temperature-controlled freight. It includes fresh fruits and vegetables, flowers, herbs, and meats.
Frozen Foods – Frozen dinners, meats, and ready-to-prepare foods can spoil, lose their flavor, and often morph into unsellable products when they melt.
Confectionary Products – Include candy, sugar, chocolates, and baked goods stored at various temperatures. For instance, the ideal temperature range for transporting or storing chocolate is 55 degrees to 65 degrees.
Health & Beauty – Certain makeups, hygiene products, soaps, and lotions must be temperature controlled to keep from melting or having some of their qualities — odor, texture, and color — diminished by extreme temperatures.
Nutritional Supplements – Among these products — vitamins, shakes, snacks, and syrups — some items can degrade faster and lose effectiveness when exposed to excessive heat, light, humidity, or oxygen.
Medical Items and Pharmaceuticals – This includes everything from pills to vaccines to lab kits to test products and some equipment. The timely arrival of an unspoiled product can be significant because these items can sometimes be life-saving.
Limitations of temperature-controlled shipping
When shipping goods sensitive to temperature variations, there are a few limitations the shippers should be aware of. First, Reefer containers will likely have less capacity since space is dedicated to refrigeration equipment and additional insulation. This can reduce the space available for cargo inside the trailer.
Research, your provider
Choosing a provider to meet your specific shipping needs is essential when on such a strict timeline. You and your provider must think of things thoroughly and understand peak times and tight delivery windows.
Essential factors to consider in your climate-controlled shipping provider:
Strong relationships with retailers for higher efficiency to distributors
Offers multiple temperature-controlled services
Provide visibility and accurate reporting
Have fair and consistent rates
Partner with Taylor today
#TeamTaylor can help ship your temperature-controlled shipment today. With a vast network of reliable temperature-controlled shipping carriers and over 171 years of experience, our team knows the ins and outs of the cold chain industry. So before your logistics manager’s temperature reaches a boiling point, contact the experts at Taylor to keep your company in a thriving climate.
Have you ever had issues with port congestion or total transit time and cost issues for international freight? Taylor Logistics has a specific team that specializes in services with the New Jersey/New York Ports.
It takes a lot of bandwidth to operate a retail business. Whether you are an online retailer or run a brick-and-mortar business, you depend on the efficient movement of freight to maintain your operations. Logistics is the main component of any retail operation, from receiving inventory to shipping orders directly to customers. The amount of resources a retailer spends on operating its supply chain is unknown to most casual shoppers. This is an area where working with an experienced 3PL can be incredibly beneficial for any retailer.
What’s the Role of a 3PL?
There are multiple roles that today’s third-party logistics providers take on for their clients. For retailers specifically, they are essentially outsourced agent that takes care of numerous supply chain functions. Partnering with a 3PL allows a retailer to focus on driving sales, improving customer service, and other daily operations that help them increase sales and, thus, make more profits. Specifically, a 3PL can handle several specific logistics functions, including:
A 3PL allows you to analyze your labor, transportation, and spacing needs depending on your business parameters. Businesses that focus more heavily on seasonal sales can benefit from this practice. You can always ramp up deliveries, warehouse space, and any other logistics a 3PL can provide when consumer demand dictates.
Many companies assume that outsourcing to a third party by default means spending more on service fees. However, all the efforts of a 3PL will eventually save you money. Ultimately, the overall cost will be less than an in-house supply chain management. A 3PL is a one-stop shop for most of your supply chain needs. You do not have to invest in warehousing, technology, or a logistics team.
Bulk Shipping Rates
Shipping rates, especially spot rates, can fluctuate weekly depending on several outside sources, even daily in some cases. As a result, retail companies need stability in the market to ship their products. Bulk shipping rates help that happen. This is where 3PLs can help, especially since many retail companies need the negotiating power of a 3PL.
3PLs have contacts throughout the country. If your business grows, a 3PL can offer additional resources from those within its network to assist that growth. At Taylor, we have a carrier network of 60,000+. With a carrier size that large, we can find you lanes and capacity to move your freight.
We exist for our people and our customers. Without an outstanding team, we wouldn’t have made it through these 170+ years. It’s crucial for us to recognize our team for their phenomenal success, innovation, customer service, and relationships.
This week we honored our Taylor Logistics – Brokerage Sales & Operations teams for their outstanding work throughout 2022. 2022 was a year of great supply chain uncertainty for many companies and shippers. Still, our team was able to help navigate unpredictability for our business partners to help increase efficiencies and reduce costs. They exceeded expectations with outstanding customer service and provided tremendous value to #TeamTaylor.
Join us in Congratulating:
Melissa Combs Dominic Pangallo Kevin Eliasen Matt Heinrichs Nicholas Ratliff Brian Remole Toni Schwab Elizabeth Wildeman
Our VP of Warehousing, Grant Taylor, has been invited by our WMS provider Zethcon, A Made4net Company, to be included as a 3PL expert to speak at #Promat2023 in Chicago! The seminar is focused on excelling at distribution in the e-commerce era. If you are attending #Promat and are interested to learn about the experience of #3PL providers who have successfully switched to accommodate e-commerce and direct-to-consumer fulfillment into their operations, head to Theatre E on 3/22 at 3:45.
What You Will Learn
Do you have what it takes to excel in the e-commerce era? Accommodating e-commerce in your operation will depend on many factors, including your available space, automation, labor pool, technology, material handling equipment and the number and types of items you will be storing, picking and shipping.
In this session, you will learn from the experience of third party logistics providers who have successfully made the switch to accommodate e-commerce and direct-to-consumer fulfillment into their operations. You will learn how to manage higher order volumes, new types of order fulfillment, numerous picking methods, new equipment, warehouse mapping, diversified inventory tracking, cartonization and shipping processes that often accompany a shift in operations.
Learn how key technology solutions will make the transition smoother and will provide the framework for new processes and to incorporate robotics and automation, as well as the end-to-end visibility to provide a clear view of data from the dock door to the customers door, including the ability to track real-time inventory and keep customers updated on order status.
• Key technology and equipment considerations, including warehouse management systems (WMS), autonomous mobile robots, automation, conveyors and material handling equipment. • Seamless integration across systems, including WMS, e-commerce platforms and carriers to ensure accurate inventory visibility and order status. • Infrastructure changes to your warehouse to accommodate new methods of handling goods within the warehouse. • Exercises to walk through “current state” and “to be” process flows to determine the best picking, packing and shipping adaptations for your operations.
It’s one of the biggest days in sports and the second 2nd largest U.S. food consumption day of the year—Thanksgiving being the first. Yep. It’s the Super Bowl. This year it’s the battle of the Kansas City Chiefs vs the Philadelphia Eagles (or Kelce v Kelce). Because it’s such a large snack day shippers who offer the most popular items at big game parties must ensure their supply chains operate smoothly. As a result, fans will be able to purchase the right food and drink in the right quantities, as retailers will have the right food and drinks in stock. Freshness is paramount when shipping food and beverage freight, so supply chain management plays a crucial role here. Temperature-controlled storage is necessary for many of these items, especially in winter. Depending on the product type, shipping ahead and staging in warehouses may be fine. However, other products can only have a slight lead time due to the risk of spoilage. If you’re a food or drink shipper reading this now with plans to sell, sell, sell for the big game, expedited freight is still an option – especially with capacity still generally available. But ideally, you’re already ahead of the game and have had your ducks – or chips or bottles – in a row for a while.
A Super Bowl Experience – All The Food!
It’s not Super Bowl Sunday without wings, our favorite drinks, and every kind of chip dip imaginable (especially Skyline dip IYKYK). Over 1.25 Billion chicken wings, 28 million pounds of potato chips, 54 million avocados, and 50 million cases of beer will be consumed. With an abundance of demand, goods need to arrive on time to avoid shortages and missed opportunities for profits in retail. So whether fans make purchases in State Farm Stadium, from their local market to bring home, or out at their favorite sports bar, consumers are ready to spend for the experience. Food, alcohol, apparel, and decorations will need to be stocked by retailers.
Meeting Inventory Demands Through Capacity
The most important and challenging problem in fulfillment is last-mile delivery. If a disaster strikes a carrier, the most significant impact is during the transfer from distribution center to retail. Distribution centers cannot order perishable items too far in advance. However, suppose an inbound load is late to the distribution center. In that case, stores can order other items from their distribution inventory while still receiving their in-demand non-perishables. With interruptions in last-mile delivery, consumables may not reach the shelves in time for the big game surge in purchasing. Retailers do not like losing profits and market share.
Carriers want to focus on accurate projections to make best-fit decisions between FTL and LTL. FTL options are enticing due to lower spot rates; however, LTLs can have a significant cost-benefit advantage when expediting a load is the priority. Unfortunately, carriers can lose the gamble with FTL. When shippers are in a crunch for time and need to get, a load sent out, even if it’s a partial, they may end up paying FTL rates instead of LTL rates, which tend to be decidedly cheaper for the volume of freight being shipped.
Luckily, resources like visibility and real-time notifications mean that making a reliable supply chain doesn’t have to feel like betting. Instead, with transparency through technology and an excellent team like Taylor, your business will score big and win each time.
Do you have questions about your LTL or FTL? Talk with #TeamTaylor today.
The 2023 Inbound Logistics Planner is here, and you can read all about Taylor! From our outstanding team to what sets us apart and how Taylor technology improves customers’ supply chains. Here’s our entry:
As the longest-standing 3PL, we know that offering one supply chain service decreases overall efficiency and sustainability; that’s why we’ve altered our business to be a full-service omnichannel 3PL for our customers.
We support large and mid-sized companies in the food, beverage, flavoring, ingredient, pet food, CPG, retail, PPE, packaging, and automotive spaces.
Creating Long-Lasting Relationships with Our Customers
As a privately held family business with over 170 years of experience, we are an agile company that scales and grows with our customers. We are small enough to care and have excellent customer service with dedicated teams to some of our clients, yet large enough to have the technology and infrastructure needed to scale. Our goal is always to exceed customers’ expectations and build long-term relationships.
A part of our competitive advantage is that we continuously invest in technology to offer our customers the latest and greatest for complete customization, visibility, tracking, and reporting. Technology creates a stronger bond between our team and our customers, mainly due to improved communication, information sharing, and meaningful collaboration that produces better results. From finding the best shipping rates to inventory optimization and forecasting, our systems are paramount in customers’ cost-saving strategies.
Emphasis on Food Safety
While we partner with several industries, we pride ourselves on an extensive food-safety program that is rooted in principles verified by the Safe Quality Foods Institute (SQF). All of our public warehouses are food-grade, and we offer SQF to be established at our contractual locations as well.
It’s Because of Our Team
We make supply chains stronger. This industry requires hard work and dedication; our team always makes the impossible possible for our customers. Through a collaborative and safe culture, we are always one team, one mission.
Regardless of the time, day, month, or year, we can provide a precise update on what is happening with your cargo. If there are any problems, we will notify you so that a solution may be implemented before matters escalate. In addition, the information provided is so accurate that you do not have to worry about complaints later for incorrect information or the correct information at the wrong time. If you’re not already partnering with a 3PL with container tracking capabilities, let’s walk you through how your business can benefit.
How Container Tracking Works
Container tracking is a series of technological functions that allows shippers, carriers, and freight forwarders to access the latest status updates on cargo. The technology is effective regardless of location, time zone, route, port, personnel, and cargo type. Despite these benefits, experts are still trying to understand why the technology is not widely used in the sector.
Container Tracking Increases Efficiencies
Container tracking provides operations teams with accurate freight arrival and departure times, improving personnel productivity and exception management by reducing manual detective work by 20-50%.
Better Visibility Further Mitigates Risk of Detention and Demurrage
The ocean carriers have been slower to introduce this new technology because hours and minutes matter in trucking, whereas ocean shipping thinks more in terms of days. Identifying and responding to potential disruptions can significantly reduce demurrage fees and accessorial charges. This innovation and profit-boosting system for container tracking requires on-demand access to accurate and reliable accountability streams.
By partnering with Taylor, you gain access to our container tracking capabilities; we constantly evolve our technology to be best in class. That’s why we partner with project44 to provide our customers with the best data. project44 delivers, covering more than 96% of the world’s container volumes, with the highest data quality and most accurate ETAs available. Have questions? Please fill out the form below, and a member of our team will reach out ASAP.
Each year, Robert Handfield, Ph.D. of North Carolina State University, predicts what’s in store for global commerce and supply chains for the next 365 days. While these predictions are perhaps not completely original, his takeaways and supporting evidence are worth considering. Please see the full article from NCSU here.
Inflation will persist.Jason Miller from Michigan State is an expert at navigating the many different publicly available government database, and interpreting the tea leaves. He writes a weekly blog on Linked In which I follow religiously. He is the most accurate forecaster I know, because unlike many speculators and economists, his observations are based on actual data! He believes that inflation isn’t going to go down going into 2023 – but will persist. He writes that“While it is good news that we are starting to see the inflation of goods slow down, I would caution anyone who expects goods to go through a deflationary cycle that the data (to me) isn’t pointing in this direction to a meaningful degree. Data below from three series from the BLS PPI program obtained from FRED (with call codes after the labels), all set such that 100 = January 2019. Implication: the best-case scenario I see for the price of finished goods is that their prices stay relatively unchanged from the 3rd quarter of 2022….we are going to see meaningful deflation in finished goods prices as we move into 2023, which will in turn impact PCE price index that the Fed monitors for consumer inflation.” Unfortunately, this also means that the Fed will likely keep interest rates high through much of 2023 – and will likely increase rates again in February and June. Inflation is indeed going down slowly– but not as fast as the markets would like.
Inventory will remain bloated for the first half of 2023, – and supplier relationships will be tested. Here again, my prior blog notes how much inventory we have in supply chains today – and how certain parties are pushing back their excessive demand forecasts, and punishing their suppliers. For instance, a large apparel brand requested about 20 of their largest textile mills (many in Pakistan, Singapore, China, and other regions) to travel all the way to San Francisco for a “Vendor Summit”. They then sequestered each individual in a room, and two individuals came in and told them that they needed to reduce their prices by 20%. Walmart is moving their vendors from FOB (Free on Board) to domestic buying, and the shift is happening fast. Walmart will pay more for domestic sources, but will not be burdened with the inventory and purchasing FOB. They are also canceling orders, decreasing quantities, and deducting off invoices, which they claim as “chargebacks” for “late deliveries”, from shipments which were received as late as last year. These kinds of behaviors by buyers will come back to bite them in the future…
Despite having more inventory – we won’t stop having shortages. Unfortunately, a lot of the bloated inventory is stuff that consumers don’t want – or can’t afford. But that doesn’t mean we will stop having shortages of critical materials. One reason for this is that the COVID crisis in China is escalating to incredible levels, and that is shutting down a lot of manufacturing hubs. In particular, a lot of maintenance parts for equipment, replacement parts for appliances, automobiles, and larger (>48 nm) chips are still produced in Asia – and we will continue to see shortages of these component parts. That means that repair may take longer than you think. Labor and material shortages for factories are going down – but still are at a much higher rate than they were in 2019.
Mexico will become a destination hub for many companies in the US – but within reason. As I noted in a prior blog, and as discussed in the New York Times today – Mexico is a great option – but the capacity isn’t there yet. More importantly, the supply chain isn’t there yet! I spoke to a CPO who mentioned that his CEO was a big proponent of bringing all supply to Mexico – but despite this fact, we are still largely dependent on China for raw materials! As pointed out in the NY Times – even apparel manufacturing in Mexico is largely dependent on fabric produced entirely in China! As such, it is unlikely we are going to lose our dependence on Chinese products. Price is still the determining factor here. Chinese manufacturing is of such scale, that moving it to the US or Mexico is unlikely.
The US Government will play more of a role in promoting domestic supply chains. Not only did the US government, pass the CHIPS Act – but they are actively promoting the domestic production of semiconductors.As noted in one of my blogs, however, producing a fab plant is a good step – but the supply chain for chips is still largely in Taiwan. There is massive flux in the chip industry – which seems to be on a different cycle than most demand cycles. What was once a one year backlog has shrunk and chips are now readily available – to the point where semiconductor companies are cutting back on capital investment! This will continue to be a real problem – and I believe we will see “capacity as a service” models begin to emerge in the chip sector – where buyers will reserve capacity based on actual forecasts, not guesses or bets on what they think they will need next year. This will stabilize production – and lead to improved availability and assurance of supply.
Healthcare supply chains will remain strained. Despite having a lot more PPE in warehouses, hospitals are still struggling with a lot of shortages. Jim Wilson, an expert in medical intelligence, advocates that hospital monitoring programs is a critical area of government investment. One area is generic drugs – such as amoxycillin. We wll have shortages of baby formula as well. For this reason, I believe the government should be creating incentives to increasingly healthcare supply chain. To address this issue, one recommendation I am advocating would be to create government industrial policies that are targeted at supporting a domestic “stop gap” manufacturing capability. Secondly, partnerships should be developed with distributors to enable visibility into their inventory systems, and ensure they enter contracts which set aside inventory for government allocation under different conditions of duress. This will require a set of common data standards and a common architecture to create a dashboard and control tower. In addition, a multi-agency materials inventory portfolio based on in-depth supply market analysis is needed. At a minimum, this should include specialists in the following categories: semiconductors, precious metals, electric vehicle batteries, medical supplies (PPE, gowns, gloves), medical devices, pharmaceuticals, plastics and resins, medical equipment, biologics, healthcare personnel, and respiratory products. This will require team of supply market analysts with special knowledge of these categories, that track the condition of critical supply markets for medical supplies, the supply risks within those markets, and acquisition strategies to manage the risks. Multi-tier supply chain mapping can provide clues as to critical points of risk that can “shut down” the US healthcare sector, based on multiple forms of risk assessment.
Growth in 2023 will be positive – but lean. As noted in a lecture by the Economist which I attended, the greatest risks looming ahead are concentrated in 2023. Next year will see some positive growth but only 1.7%, reflecting slowing growth in the US in China and recession in Europe. Global monetary tightening will take some time to kick in – likely in the second half of 2023. The US will likely see only 0.5% growth in 2023, the EU 0.4%, which in turn will impact other regions of the world. China will likely see a modest rebound after the 2022 slump, moving to only 5% growth. However, there are always risks that will move the needle, including the escalation of the Ukraine war, more COVID-19 variants, spikes in energy prices, and sovereign debt pile-ups.
Government regulation of Artificial Intelligence will increase. As I noted in a blog of a recent SAS INNOVATE conference, Henry Kissinger described AI as the new frontier of arms control during a forum at Washington National Cathedral on Nov. 16. If leading powers don’t find ways to limit AI’s reach, he said, “it is simply a mad race for some catastrophe.” The former secretary of state cautioned that AI systems could transform warfare just as they have chess or other games of strategy — because they are capable of making moves that no human would consider but that have devastatingly effective consequences. This is true not just in warfare, but also in supply chains. As we move towards a digital future where we increasingly will be ceding control to machines who call the shots, not humans, what are the risks of doing so? Increasingly, more and more data is being stuffed into the cloud, which certainly allows us access to more readily access reams of data which can be processed by algorithms for decision-making. We have to be able to trust these algorithms to make the right decisions. But driving towards AI standards to increase trustworthiness is easier said than done. The UK has also begun pursuing this goal, as has the EU, who are likely to explicitly define AI and how to use it. The government will begin to mandate a more comprehensive approach, which spans the entire organization. Three primary elements determine the fiduciary responsibility for trustworthy AI: Duty of Care, the Business Judgement rule, and Duty of Compliance Oversight. These pillars are required to understand the historical biases that so often find their way into AI algorithms, which have created historical injustices and inequities, meaning that the government is surely going to step in.
Electric vehicle parts will remain in short supply.In a recent blog, I noted how there is still a massive shortage of the so-called “green metals” required to meet the burgeoning demand for EV’s. Environmentalists and automotive companies have committed to converting all of their vehicles to electric power. GM has committed to 30 new electric vehicles by 2025. Ford is committing to an all-electric vehicle platform with zero emissions by 2035. But nobody is talking about the supply chain for these vehicles, and the capacity required to build them. Converting an entire supply base of automotive suppliers, who are all focused on building of combustion engine-powered vehicles, and moving them all to electric vehicles, will be a superhuman feat. What will happen to those manufacturers that can’t or won’t convert? They go out of business? And is there enough capacity to produce the new types of vehicles? And what raw materials are required to convert to EV in the future? I don’t think executives have really given any meaningful thought to the answers to these questions yet… I predict a rough road ahead for EV’s. Perhaps I’m a voice in the wilderness – except maybe for Toyota – they have the same doubts as I do.
Demand for supply chain graduates will go through the roof in the next two years. To summarize – global supply chains remain fragile – and we are in a period where things are starting to change. Supply chains will look very different in two or three years from what they are today.
CINCINNATI, OH — December 20, 2022 — At Taylor Logistics Inc. (TLI), our partners are critical to our continued growth and success – and we’re delighted to recognize a logistics partner and the impact they have on our customers and business. This year we are pleased to announce that Crowley Logistics Inc. is our 2022 Logistics Partner of the Year.
“Faced with another round of intense labor discussions with three of the largest rail unions in the country and a pending strike, Crowley worked exclusively with our team locally to ensure increased communication and foresight during and after the disruption from the short strike,” said Will Roberson, COO, Taylor Logistics Inc. “It is an honor to recognize Crowley as Logistics Partner of the Year for all their resilience, agility, and responsiveness. We look forward to continuing a successful partnership.”
This award was based on evaluating each company’s service portfolio and partnership scorecard performance – a rating system that assesses quality, extraordinary partnership, collaboration, and integrity – and input from Taylor senior leadership. In total, there were four partners nominated for this award.
About Crowley: Jacksonville-based Crowley Holdings Inc., a holding company of the 123-year-old Crowley Maritime Corporation, is a privately held family and employee-owned company. The company provides project solutions, energy and logistics services in domestic and international markets by means of six operating lines of business: Puerto Rico/Caribbean Liner Services, Latin America Liner Services, Logistics Services, Petroleum Services, Marine Services and Technical Services. Offered within these operating lines of business are: liner container shipping, logistics, contract towing and transportation; ship assist and escort; energy support; salvage and emergency response through its 50 percent ownership in Ardent Global; vessel management; vessel construction and naval architecture through its Jensen Maritime subsidiary; government services, and petroleum and chemical transportation, distribution and sales. Additional information about Crowley, its subsidiaries and business units may be found at www.crowley.com.
We wish you a joyful holiday season and a happy and healthy New Year from our team to yours! As a reminder, all Taylor locations will be closed for the holidays on December 25th and January 1st.
If you worked with us this past year, thank you so much for being a part of the Taylor family. We appreciate your business and look forward to supporting you next year — please let us know how we are doing here.
If you haven’t worked with our fantastic team, check out our service portfolio to see if we can help you with any of your needs. We’re here for you in 2023!
CINCINNATI, O.H. / — Each year, Taylor Logistics, Inc. recognizes a vendor partner who continue to raise the bar in delivering outstanding quality, innovation, value, and service. Taylor is proud to announce it has named Crown Equipment Corporation as its 2022 Vendor Partner of the Year. With all the delays happening with material handling, Crown was able to get Taylor’s latest public warehouse going in no time; and they’ve done an excellent job. Without Crown Taylor’s World Park Four location would not be what it is today.
“Our vendors and suppliers play an important role in Taylor’s success year after year through innovative solutions, new products, and with a consistent focus on processes improvement,” said Will Roberson, COO, Taylor Logistics Inc. “It is an honor for us to recognize vendor of the year for all their work and contribution to the business. We look forward to continuing a successful partnership.”
Award recipients were determined based on an evaluation of each company’s service portfolio 2022 vendor scorecard performance – a rating system that evaluates supplier performance in quality, extraordinary partnership, cost, collaboration, and integrity – and input from Taylor senior leadership. Vendor service categories include the following categories: suppliers, education, technology, data and intelligence, marketing, financial institutions, and insurance; there were five nominations this year.
Vendor Partner of the Year Crown Equipment: Since its entry into the material handling equipment industry in 1960, Crown has earned a reputation as a leading innovator in world-class forklift and material handling equipment. Crown designs and manufactures up to 85 percent of its lift truck components, including key parts like motors, drive units, and electronic modules. When it says Crown on the outside, it’s a Crown on the inside.
Taylor Logistics Inc, a Cincinnati-based third-party logistics company, for the second year in a row has been named a Multichannel Merchant (MCM) Top 3PL for 2023, joining dozens of other leading third-party logistics providers selected by Multichannel Merchant in its eighth annual directory.
The criteria for MCM Top 3PL was determined based on industry experience, services offered, capabilities and performance.
“We are honored to be included with such an elite group of logistics and eCommerce solutions providers,” said Noelle Taylor, Director of Marketing, Taylor Logistics Inc. “This award is a great honor and recognizes every team member’s commitment to serving our customers and our core values.”
Seasonal inventory refers to products that sell at a higher velocity during particular times of the year. For example, most companies experience an influx in seasonal demand during the holiday season, and many may stock holiday-specific SKUs that they don’t sell year-round. Other brands may experience seasonal spikes according to changes in weather, sports seasons, or secondary holidays such as Valentine’s Day or Mother’s Day.
Take advantage of peaks in demand
Forecasting for seasonal variances will ensure you have sufficient levels of stock available to take advantage of increases in product demand at peak times of the year. If you rely on your busy seasons to make the most of your money, you must be on top of your game and ensure optimum product availability.
Prevent excess stock levels
Equally, it’s important that you don’t want to over-forecast for seasonal demand fluctuations. Investing too much money in inventory can lead to cash flow problems and an unhealthy balance sheet. If you have excess stock at the end of a season, you face the dilemma of selling it off at a discounted rate or taking on the burden of inflated carrying costs until demand picks up again.
Seasonal methods for managing inventory
There are five primary methods for managing inventory, and any of them could be appropriate for managing seasonal inventory, depending on SKU profile, sales velocity, and current business operations.
First in First Out (FIFO): The FIFO inventory method works by using the oldest inventory (first in) to fulfill orders first (first out). The FIFO method is appropriate for perishable and highly seasonal products and can increase margins on items that experience price hikes during times of high seasonal demand.
Last in First Out (LIFO): The LIFO inventory method uses the newest inventory (last in) to fulfill orders first (first out). The LIFO method can be used to quickly recoup expenses on products acquired at a premium seasonal price, either at the raw materials level or as finished goods.
Just in Time (JIT): The JIT inventory method is the method most commonly used by SMB’s because it requires the least intensive demand forecasting. JIT supply chains are replenished on an as needed basis. They are a high-risk supply chain management strategy and can reward merchants with increased capital on hand. Still, as we’ve seen with recent supply chain disruptions, they can also leave merchants with empty shelves when seasonal demand hits.
Economic Order Quantity (EOQ): The EOQ method determines ideal inventory levels using three metrics: customer demand, acquisition cost, and holding cost. The EOQ method can drastically cut inventory carry costs but requires advanced demand forecasting models supported by a lengthy sales history.
ABC Analysis: An ABC analysis prioritizes SKUs by lumping them into three categories: A — high-value products with a low contribution margin, B — mid-value products selling at a mid-range velocity, C — high-velocity products with a low margin. An ABC analysis helps merchants prioritize the SKUs that ultimately drive their business’s profitability and may prompt them to reconsider their product profile entirely.
How are You Managing Seasonal Demand Forecasting?
Are you looking for a strategy that can help you improve your seasonal demand forecasting? #TeamTaylor can help. Contact us today to learn more about our data-driven warehousing and fulfillment services.
It can often be tricky to forecast what will sell. The majority of companies have peak seasons, so they may feel the pain of having too much inventory on hand. With a full plant or warehouse, productivity suffers from working in a crowded space, not to mention it can create an unsafe environment.
Partnering with Taylor to help with overflow can significantly reduce costs and help improve business performance. Taylor has a long history of supporting national and regional companies that run out of room in their distribution centers, plants, and warehouses. They develop a custom solution for overflow inventory. For example, one can etch out slower-moving products to Taylor Logistics’ facilities to free up space for high-priority goods.
Taylor is prepared to offer simple pricing solutions for handling and storage when one needs extra space. They know time is of the essence, so they pride themselves on fast implementation to free up space for clients as soon as possible. With their cloud-based customer portal, clients can access all inventory and track activities in real-time.
Managing warehouse overflow can be as simple as finding the right partner. At Taylor, they pride themselves on their customized solutions and scalability, making them an ideal partner for companies looking to store inventory in the Midwest. After the recent launch of their new warehouse, Taylor now has over 450K square feet of FDA food-grade storage space in the Greater Cincinnati area. So whether it is a quick solution to an inventory surge or a long-term business partnership, Taylor can create a customized solution to meet all business needs.
It’s that time of the year again when shoppers decide what gifts to buy, and merchants prepare for the busiest time of the year. However, to have a successful holiday season, consumers and eCommerce businesses must be aware of the 2022 holiday shipping deadlines.
Holiday shipping deadlines are a vital tool to help merchants manage customer expectations and minimize poor customer experiences resulting from late delivery. In this post, you’ll find the 2022 holiday shipping deadlines for USPS, FedEx, and UPS – along with some other pearls of wisdom for managing holiday shipping.
USPS Shipping Deadlines
UPS Shipping Deadlines
FedEx Shipping Deadlines
What Merchants Need to Keep in Mind for the 2022 Holiday Shipping Season
Holiday shopping will begin earlier
Thanks to worries about more price increases and the need to spread out holiday spending, consumers are starting their gift-buying earlier than ever before.
According to 4Over’s recent survey, 73% of consumers are expecting additional price hikes during the holiday season. As a result, 31% say they plan to start their holiday shopping in early November, while 23% plan to buy gifts as soon as possible.
Naturally, this has a big impact on what proportion of orders are going to be placed at what time. So while earlier shopping means fewer orders will come close to shipping cutoff dates, there are still the laggards to watch out for.
Numerous industries rely on warehousing for long-term storage. However, different items require different conditions to preserve integrity and quality. Therefore, when choosing a storage facility, you should consider your company’s and inventory’s specific needs. One option is ambient storage. You can use an ambient warehouse to store a wide range of goods, making this option viable for many businesses.
What Does Ambient Storage Mean?
Ambient storage warehouses are defined as “buildings that are specifically designed for items that require a dry environment, where the temperature needs to be around room temperature.” However, this isn’t to say that these ambient storage warehouses don’t require industrial HVAC. Instead, it means that the internal area of the warehouse needs to be around 60 degrees all year. With this in mind, many ambient warehouse owners install temperature control forms to ensure the internal air stays dry and moisture-free.
Types of Products That Need Ambient Storage
Compared to shipping frozen items, items kept in ambient storage warehouses are far easier to ship. For products that can quickly melt at high temperatures or products that can be ruined from cold temperatures, ambient storage is an effective way to keep goods from going bad.
Some everyday products stored in ambient warehouses are:
Several CPG products
Food & beverage
canned and bottled foods
finished shelf-stable goods
Packaging & paper products
Handling Ambient Product
When installing an ambient warehouse, you must think about what you are storing and how the items are handled. For example, if you are storing many items, you will want a tall storage building where you can install high racking, utilizing the air space. However, with taller racking, you will require a method to get the items onto the higher shelves, such as a traditional counterbalance forklift. With this in mind, your ambient warehouse will need floor space for the warehouse equipment handling vehicle to move. There are alternative forklifts for tighter warehouses, such as articulated forklifts, but more specialized equipment tends to cost more.
While warehouses are traditionally used for storage, opting to use cross-docking in your operation will offer a competitive edge. This is where items are transported to your warehouse and either loaded onto another trailer for immediate transport or stored for a brief period. With this in mind, it is always best to have space in your warehouse for such operations, especially in ambient warehousing, as this is a practice being used more often.
All ambient warehouses require quality control. Ensuring quality control is completed in warehouses that store perishable goods are imperative. Regular audits should be completed to ensure that items are being stored in the best possible conditions.
Choose an Ambient Warehousing Partner
Taylor has several ambient warehouses in the Cincinnati area ready to handle your products. Contact our expert team to secure your space today.
Shopify, the leading provider of essential internet infrastructure for commerce, offering trusted tools to start, grow, market, and manage a retail business of any size, has featured Taylor in its blog on warehouse management. This blog showcases how to make warehouse operations run smoothly for scaling brands. Since Taylor has tremendous experience helping brands from various industries scale, we spoke about the integral part a 3PL can play in helping your business.
Research shows that 32% of brands will fulfill orders in a new country in 2022. Lean on a 3PL’s existing horde of international warehouses to reach global shoppers in less time, rather than opening up your own in popular warehousing locations with expensive leases.
Take it from Noelle Taylor, senior marketing manager at Taylor Logistics, who says, “Partnering with a 3PL to handle warehouse management allows brands to focus more on what’s important—growing their business and delivering the best possible customer experience.
“Committed 3PLs see their relationship with brands as a long-term partnership. As a result, they may be willing to invest in space, technology, and equipment to take your business to the next level.”
Every year, freight shipping is different. However, in a lousy year or a good year – there is always a particular pattern. According to this pattern, we forecast and plan for the whole year. Like fall, winter, spring, and summer, the transportation industry has four seasons. Below are the four seasons of freight shipping.
January – March
It’s a new year; the holidays are past us, and freight volume is declining. Not to mention these months are the peak of winter, and the frigid temperatures and snowy roadways are not shipping-friendly. Typically during these months, logistics companies are recovering from holiday shipping. As a result, freight volume will start to progress as the months approach the spring season.
April – July
With the arrival of spring, the produce season begins. Freight volumes will increase, and carriers will have more loads to choose from, allowing them to pick and choose different loads. With pickier carriers, finding trucks becomes more challenging, and rates increase. In certain parts of the United States, the capacity and shipping rates change significantly for non-produce shippers, as carriers are massively switching to high-paying produce loads.
August – October
Produce season has come to an end; however, the hecticness doesn’t stop here. It’s time to prepare for the back-to-school season and start planning for the upcoming holidays. During these months, sales are typically up, and companies rapidly ship products in and out of their facilities to ensure all inventory is ready for the holidays. As a result, rates are still climbing, and freight volumes are towering.
November – December
Happy Holidays! It’s that time of year again; companies are rushing to complete last-minute purchase requests before the holiday closures. The new year is rapidly approaching, and no one wants to leave freight behind and drag it into the new year. The roads start to get busy with people taking time off for long weekends, holiday gatherings, and vacation time. It’s a time that needs to be carefully planned as last-minute items can pop up, and delays are likely.
Taylor Logistics has experience in each shipping season. We want to help you through each season and ensure you get the most out of each month. If you wish each year to be smooth and efficient, get a quote and partner with Taylor today.
The home of the greatest quarterback ever, Joe Burrow, is also the ideal place to store and distribute your products – that’s right, Cincinnati, Ohio. Why? Great question here’s a few key selling points:
Cincinnati is 24 hours from 70% of the United States population, so getting your products quickly and efficiently to the consumer will never be an issue. If you are doing a lot of eCommerce, look no further, as transit times for parcels are the best in the country in Cincinnati.
The Cincinnati region boasts the largest inland port in the country and the 14th largest in the country by cargo volume. Products coming into the Cincinnati rails? If so, we have a dedicated Cincinnati drayage team ready to assist.
So now, with the ideal location for warehousing, distribution, eCommerce, and transportation, you need a team. That’s where we come in; not only are we positioned in the most marvelous city ever, but we have the solutions for your business. Talk with our team today. Fill out the form below and a member of #TeamTaylor will reach out in no time.
With pumpkin spice season creeping upon us, many shippers and retailers are already deep into holiday logistical planning. Unfortunately, supply chain disruptions have felt like the movie “Groundhog Day” with the main character’s alarm clock representing the latest unexpected challenge. Since early 2020, many companies have struggled to keep products in stock and fulfill orders promptly. As forward-thinking brands look toward the fast-approaching 2022 holiday shopping season, it appears disruptions will again take a starring role.
Preparing for the Holiday Rush
Stock up on Holiday Inventory
According to Adobe Analytics, out-of-stock messages have increased by 172% since January 2020. Lack of stock is a surefire way to turn off customers and make them look elsewhere. Throughout the holidays, ensure that you have adequate supplies of your best-sellers and coordinate often with your partners. Additionally, logistics operations may experience delays during this period, due to the influx of many moving orders. When the shopping surge starts, it’s better to replenish your inventory early, so you can get those orders moving as soon as possible. Avoid long wait times and prevent customers from getting frustrated when they learn their preferred gift is out-of-stock.
Create a Redundancy Plan
There’s nothing worse than a package not reaching its final destination on time, especially during the holidays. So create a backup shipping plan to ensure your products are delivered on time. Like last year, some carriers will have trouble getting your packages out quickly and to your customers on time during this holiday season. To ensure packages get to customers during a surge, it’s advisable to have a relationship with a backup carrier. You never know where or when issues will arise. If you can quickly shift from one carrier to another in the event of any problems, you and your customers will be happy.
Increase Real-Time Network Visibility and Predictability
In today’s dynamic retail supply chain, visibility and predictability are crucial. The most advanced customer portals for shippers can process thousands of data points within seconds, allowing them to offer business intelligence and predictive analytics to help avoid delays. As a result, shippers can gain a rapid understanding of changing transit times that are imperative in calculating dynamic lead times to be used in near-term order cycle management. Taylor provides their customers with a custom portal for real-time visibility for proactive decision-making.
The Time to Plan is Now – Partner with a 3PL Today
The best way to prepare is to start early and proactively address any shortcomings that could impact consumers. Some brands have already started placing orders to build up inventory in anticipation of the holiday rush. By prioritizing a holiday logistics strategy and dedicating time and energy to optimize related processes, brands can break out of the “Groundhog Day” loop to achieve sales goals and exceed customer expectations this holiday season. Leave the logistics to us and focus on your core business – partner with #TeamTaylor today.