Category: Industry Insights

  • How to Optimize Logistics for The Holiday Rush

    How to Optimize Logistics for The Holiday Rush

    The holidays are a big boon to business. Shippers, carriers, dispatchers — all of us end up with almost more work than we can handle, to keep up with demand and the higher frequency and volume coming from all sorts of retail (and other) clients.

     

    But in the midst of all this abundance, are some of us leaving money on the table?

     

    Technology is always changing the way we do business. In terms of logistics, it’s never been easier to speed up administration and even delivery.

     

    At the same time, it’s not as simple as “letting the computer do it”. In addition to having the right technological partners — with real experts behind the controls (*cough* NEXT Trucking *cough*) — the savvy shipper/carrier/dispatcher needs to adapt to the changing marketplace.

     

    Here are some tips on how to do that this holiday season. Considering or implementing just a few of them can help you further optimize your business and attract every available dollar in the coming weeks.

     

    Be prepared for inventory management slowdowns

     

    Many of the inventory management issues that can often crop up during the holidays may be outside your control. The more you can help overstressed warehouse and fulfillment staff, or other freight partners, the more you’re be appreciated and looked to in the future as a problem solver. Short sales windows, high demand, and sometimes long vendor lead times can compound this problem. Consider: Given this problem, how can you be part of the solution?

     

    Remember that all business is customer service

     

    Loyalty and long-term relationships arrive when you and your business prove that you care about your part in the shipping process — imagine how true this could be if you prove yourself helpful, dependable, and cool-under-pressure during the holiday crunch?

     

    Fair or not, it can take just one bad experience to severely damage your industry reputation. Everyone gets exhausted during the holidays, and sometimes mistakes are made. You don’t have to be perfect, but you do want to remain polite and respectful, and you want to continue to show that you’re ready to work together with partners.

     

    Finally, the holidays are all about timing. What can you do on your end, to ensure that you can handle increased volume and remain on time? Can anything be planned ahead, that you wouldn’t normally do outside the holiday rush?

     

    Use data to speed up, and to excel

     

    While raw data itself can be useful on the highest level, these days there are also so many specific means by which to analyze your markets, routes, and the results of your work. When was the last time you looked into incorporating a new analytics tool, to help teach you something new about your business? Is there some data-collection solution you can turn to now, to provide information that can help you optimize for next year’s holiday rush? Are you researching the holiday market from year to year, so that you can compare your capabilities to competitors — or use your stats as a selling point to customers?

     

    Keep up with the times, or risk becoming obsolete

     

    There’s a reason we started NEXT Trucking. We saw an opportunity to help people like you get freight to more places, faster, and in a way that helps everyone improve efficiency and save time and money (that can be reinvested elsewhere, incidentally).

     

    With our app, you can:

    • Schedule shipments via a network of +15,000 carriers
    • Track shipments in real time
    • Guarantee capacity
    • Speed up cash flow
    • (and more).

     

    All this can be done from the smartphone you already carry. We’re here for you all the time — but especially during the mad dash of the holiday season.

     

    Check that you’re ready, and get ahead if you can

     

    Have you done as much prep as you could do ahead of time, to position yourself to absorb the rush? What could be planned that you might not have thought of already? Are you adequately staffed? If you aren’t, do you have a ready pipeline of additional workers to ensure your shipments don’t fall behind? Is your truck or fleet ready for harsher weather and more traffic? How strong are your lines of communication, between all parties responsible for the delivery of your work?

     

    Speaking of communication, get started now (if you haven’t already)

     

    With all of the above and below to consider, it can be easy to forget that we’re all human beings with real physical and emotional needs — including the needs to be appreciated and to be kept motivated. A little bit of pre-communication about the coming rush, to repeat information (so that it sticks) but also to help rally the troops, might seem unnecessary. But a strategy like this can go a long way towards keeping up morale when things get busy and exhaustion starts to set in.

     

    Keep your calendar up-to-date, and know the trends

     

    Do you know the holiday schedules for your partners, for vendors, and any other organizations you might encounter this season? Black Friday and Cyber Monday usually extend for a week or more, these days.

     

    On a similar note, peak holiday shopping times (and thus much of holiday business) are actually somewhat predictable. Patterns often mimic last year’s numbers, and there’s more consistency from week to week than you might imagine. How might you exploit this predictability to get ahead this year?

     

    Automate, automate, update

     

    Automation is the name of the game these days. In addition to what’s offered by NEXT, what else might you do to stay nimble, and pivot quickly, when plans change and planned strategies inevitably run out of road. Are your devices updated, secure, and in working order?

     

    In Conclusion

     

    Finally, remember that it can be a good thing to run out of inventory, or to take on new loads or explore new opportunities, at a time wherein partner organizations and customers need as much help as they can get.

     

    Once again, optimization becomes a process of visualization, planning, and positioning yourself as a problem solver, and as a provider of dependable service.

     

    Happy Trucking Holidays! Good luck, and safe driving.

  • Feeling the Capacity Squeeze? It’s Time to Get Agile!

    Feeling the Capacity Squeeze? It’s Time to Get Agile!

    By empowering people and sparking their entrepreneurial spirit, companies are using organizational agility to create improved results and inspire creative thought amongst their employees.

    For many legacy corporations, the main obstacle to respond quickly to new market trends and disruptive new market entrants are: extensive hierarchic decision-making processes, competing internal initiatives, and silo-based thinking. When the market shifts suddenly, less progressive companies are often left in the dust because there are too many steps and decision-makers involved.

    Mike Richardson, author of “Cracking the Agility Code,” told me the industry is entering “a new era of better, faster, cheaper that is requiring enterprises of all shapes and sizes to pivot to agile.” Mike then explained that agility is “the ability to adapt to rapidly changing circumstances and stay ahead of our competition in meeting customer expectations.”

    This is relevant now more than ever to shippers as it applies to the current driver and capacity shortage in the full truckload market. Shippers are now expected to meet increasingly narrow delivery windows or pay costly “compliance fees” or penalties, which eat heavily into profits. With drivers being picky about where they want to take loads from, many shippers are balancing price and capacity while they compete to get their goods to market.  

    According to the Journal Of Commerce, the US economy has grown at a rate of 2.6 to 3.2 percent growth over the last three quarters, adding yet another layer of complexity to the transportation capacity issue. Shippers of all types need to rethink their Supply Chain Strategy and specifically their distribution schedules, while increasing efficiency and look at making their shipping and receiving processes more efficient.

    “It’s an industry-wide challenge, including with supply chains and shippers,” Mike said, “Enterprise agility is the only competitive advantage which has any permanence these days.”

    But where does a shipper start with getting that kind of visibility into their supply chain? Without a consolidated log of all their calls and shipment statuses, it becomes difficult to find the blind spots where your supply chain might be weakest.

    The first step would be to find a software solution to post and track shipments. Freight tracking software, like the NEXT for Shippers portal, help shippers see exactly where their loads are by the minute through live GPS tracking. Using this technology, shippers can even more efficiently direct truckers at their warehouses, saving time loading and unloading.

    Plus, with a full shipment timeline for each load and comprehensive metrics measured in the platform, it’s easy to go back and see any weak spots in the supply chain. From there, shipping companies can then implement organizational agility practices and adjust their workflows to start moving loads even more efficiently by putting people and inventory in the right place at the right time. If you are tracking a load and see that it is coming to your warehouse in 15 minutes, move to make sure that you have a dock available for that truck to park in and workers available to move the freight where it needs to go.

    Once you figure out how and when loads are moving in and out of the warehouse, your supply chain will be agile enough to easily recalibrate for whatever shifts the market throws at you.

    Mike Richardson is the author of “Cracking the Agility Code.” You can learn more about his work at agilitycode.com.

    Have more questions about agile supply chains? Reach out to Gina on LinkedIn or email her at gina@nexttrucking.com.

  • Logistic Optimization in the Digital Age // Press Round-Up Week of 2/26-3/2

    Logistic Optimization in the Digital Age // Press Round-Up Week of 2/26-3/2

    Many shipping companies today use technology, but most are not getting the most potential out of their electronic devices. New innovations have integrated themselves into the supply chain more than ever before, but it still feels like the industry is just scratching the surface as to what’s possible with digital logistics. So how exactly is tech changing the trucking industry? Here are 5 pieces that look at the possibilities of the internet supply chain.

    Food & Beverage Ecommerce: How Online Shopping Impacts The Supply Chain
    With 16% of adults taking part in the fresh produce ecommerce chain, the online food and beverage supply chain is becoming even more crucial to food retailers’ day to day businesses. This piece at Supply Chain Management Review goes in depth on the best practices for managing a digital produce marketplace and the various considerations to take into account when starting one.

    Why Trucking and Logistics Will Lead the Autonomous Vehicle Revolution
    While autonomous vehicles have been in development for a much longer time in non-commercial vehicles, this piece at Trucks.com goes in-depth as to why trucking is at the forefront of the innovation. The article goes into all the different ways that trucks are experimenting with innovation, and is great further reading for our autonomous trucks post from last week.

    Are Your Trucks Ready for Last-Mile Logistics?
    One of the rising trends to come out of the ecommerce is popularity of last-mile shipping, so preparing your fleet to properly execute this type of delivery can be crucial. Trucking Info takes an in-depth look at what kind of trucking technology and logistic precautions fleets need to start going the final mile.

    Store Fulfillment for E-Commerce Success
    While it is commonly thought that the rise of online stores means the fall of brick and mortar shops, that might not be the case. Logistics Viewpoints examines how physical stores are being repositioned within the new digital supply chain, and the different ways that customers today are feeling about walking into a store in the digital age.

    Tech, not consolidation, will drive container shipping change
    With seven container carrier companies closing over the past two years, now might be the perfect time for overseas shipping to experience a radical technology change. The Journal of Commerce argues that getting these companies to use one neutral blockchain platform now is easier than ever, and could give the industry the shake-up it needs.

  • Our Account Management and Sales Teams are Growing!

    Our Account Management and Sales Teams are Growing!

    In February our account management and sales teams added 3 new members! We are proud to welcome Cecilia and CJ (not pictured) to the Account Management team, and Dede to the Sales team!

    Cecilia Romero is joining the NEXT Trucking as an Account Manager. When she is not helping accounts, she enjoys spending time with her dogs or being at Disneyland with her family.

    Christopher “CJ” Yu is another one of our new additions. Besides being a great Account Manager, he is also a fan of musical artist Drake and basketball player LeBron James.

    Our newest Enterprise Sales Representative, Dede Aguayo, loves sports. She played NCAA Division 1 softball for San Diego State University and currently coaches youth softball and soccer teams.

    We are so excited to have these new logistics superstars on our team to serve our rapidly growing account base!

  • $21 MILLION IN FUNDING: WE’RE MOVING FULL SPEED AHEAD

    $21 MILLION IN FUNDING: WE’RE MOVING FULL SPEED AHEAD

    NEXT Trucking is only one month into 2018 and we already have great news. Today, we announced $21 million series B round of funding led by Sequoia Capital. As well, the VC’s partner, Omar Hamoui is joining our Board of Directors. Omar’s mobile ad platform AdMob was sold to Google in 2009 for $750 million, and Sequoia Capital was one of the first investors in the platform.

    We’re so proud of all we’ve been able to do in only two years. We’re a scrappy team. Even so, we have tripled our revenue year over year. And, our retention rates, on both sides of the marketplace, are through the roof.

     

    (Pictured above: Lidia Yan, Co-Founder and CEO and Elton Chung, Co-Founder)

    But we’re not resting on our laurels. The funding will go toward hiring the best in the business. Operations and product development will continue to empower the truckers and create a massive virtual fleet of the highest quality independent carriers. Now we will have more ears listening carefully to all parties involved in the supply chain and more engineers and developers working to find ways to solve the crisis brewing with capacity. Our growing team is set on building the best marketplace platform to mitigate reasons behind truckers walking away from their rigs and younger people not entering the field.

    LAdUxCK

    You can read the entire press release that covers the Series B funding, you’ll find it here.

    If you’re a driver and you’re looking for easy booking, full transparency, earning 15 percent more on average, and so much more sign-up here. It’s the first step in making a difference in your life.

    For the shippers looking for vetted drivers, capacity relief and benefit from the best rates, let us know here.

    While we’ve made great strides to-date, we have a mission. Our driver-centric marketplace will continue to positively impact the transportation industry. Stay tuned. Lots more news to come.