In the fast lane: May logistics and supply chain news update
A quick synopsis of what we are reading in shipping, transportation, and business news this week
I hope you had a wonderful Memorial day weekend and were able to enjoy a shorter work week this week. It’s starting to get hot and humid here on the East Coast. Our office, close to the Philadelphia area, has experienced some wild weather and tornado sightings and warnings this week. Time to prepare for summer weather.
Here were the hot topics (no pun intended there) of the week in the news:
FedEx Ground Announced Seven-Day Residential Delivery Year-round
The ecommerce buyers desire and demand for faster shipping had FedEx announcing this week that beginning in January 2020 FedEx Ground will be delivering seven days per week, year-round for the majority of the U.S. population.
“We have made significant investments in capacity, technology and automation at FedEx Ground over the past 20 years. These investments have allowed us to gain ground market share for 19 of the last 20 years, and we are now ideally positioned to extend that growth as the average daily volume for small parcels in the U.S. is expected to double by 2026,” said Raj Subramaniam, president and chief operating officer, FedEx Corp., in their press release. “Expanding our operations to include Sunday residential deliveries further increases our ability to meet the demands of e-commerce shippers and online shoppers.”
FedEx currently is a shipping carrier for 201 retailers in the Internet Retailer 2019 Top 1000 – while UPS is used by 274.
$2 trillion infrastructure package
“Status quo is failing” was the theme coming out of Washington D.C. and other host cities as 500 organizations participated in the 7th annual Infrastructure Week to call for a national infrastructure investment last week.
“Manufacturers are calling on Congress to act. Everything from our roads and bridges, ports and waterways, broadband and 5G technologies and more need a robust investment,” said Catie Kawchak, Director, Infrastructure, Innovation and Human Resources Policy at the NAM. “Across the country the message from Infrastructure Week is simple: The infrastructure choices we make today will shape America’s future.” – nam.org
“With a $2 trillion infrastructure package on the line, business leaders need to step up and fight for the common good in the form of public infrastructure spending — or suffer the consequences.” – Forbes
The percentage of small American manufacturing companies that are struggling to hire
98.6% of American manufacturing companies are small businesses, struggling to hire.
“Manufacturing businesses drive the U.S. economy,” said SCORE CEO Ken Yancey. “They might be factories or bakeries, and they might utilize machine power or hand-make their products, but what they have in common is that the vast majority of manufacturers are small business owners.”
What does this mean? While robotics have been perceived to be a threat to manufacturing jobs – the more than 400,000 job openings further prove that humans are still needed in manufacturing. And as ABI Research conconcluded, technology will reinvent, not eliminate, manufacturing jobs. Employers will need to leverage new technologies and machine learning to continuously train their current employees.
Beware the Weather
With the Atlantic hurricane season officially starting June 1 and devastating storms and tornadoes already impacting lanes across the midwest – it’s a good reminder for companies to be looking ahead at possible delays and disruptions to their supply chains that summer weather could cause.
14 acts of kindness
What I’m reading this week
“Be kinder than is necessary. Everyone is fighting some kind of battle.”
Simple words, but a great reminder as you interact with peers and customers. 14 random ways to be kind at work (and why it matters) by Sarah Goff-Dupont gave some practical tips on ways you can show kindness to those around you. If you have a few minutes I would recommend it.
And I’ll leave you with this Gif of the week:
Any news you are reading this week? Let me know!
Have a great weekend,
P.S. I won’t admit to how long I watched that gif until I realized what was happening.