Inbound Logistics: “Addressing Freight Market Challenges Through Data and Routing Guides”
Q: What is the current state of the freight market?A: In addition to the typical seasonal swings, there are a number of external economic factors that have impacted the market. For example, in Q1 of 2018, retail sales growth slowed, but the rise of e-commerce and omni-channel fulfillment has also dramatically impacted the supply chain in recent years and continues to exacerbate ongoing industry challenges. And this trend doesn’t appear to be going away anytime soon.Once consumers were shown what was possible in the world of online retailing and home delivery, their behavior—and expectations—began to change. This shift forced retailers to change how they did business, worked with suppliers, and served their customers.Now consumers can compare products from multiple manufacturers and/or retailers in order to find the best product at the best price—all from the comfort of their own home—and then have it delivered within days or even hours. This consumer behavior has and will continue to put pressure on the supply chain.