Why CSCMP EDGE Conference is So Important
10x Logistics - Leading Revolutionary Change
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6M ago
 Last week I spent most of my time at the Council of Supply Chain Management Professionals (CSCMP) Edge conference in Orlando Florida. Just a few hours into the first night and I remembered why coming to this conference is so important and has been such a great part of my supply chain career. I thought I would share some thoughts with you and hopefully the younger readers will realize your supply chain career is a life long journey. Getting to know the leaders of your generation will make you a leader. So, here goes: Relationships: Yes, we all talk about this, however, this is truly ..read more
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J.B . Hunt v. Schneider... Head to Head Match Up
10x Logistics - Leading Revolutionary Change
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7M ago
 I always find it interesting to compare these two companies and looking at the 10K's for 2022 and the 10Q's for the first half of 2023 and interesting picture is emerging: Projection for 2023 at Beginning of Year from 10K: Summary (Beginning of the Year): JB Hunt and Schneider are two of the largest trucking companies in the US. Both companies reported strong financial results in 2022, but JB Hunt's results were slightly better. JB Hunt also has a more optimistic outlook for 2023. Here's a quick look at the numbers: JB Hunt: Revenue of $18.4 billion, up 27% year-over-year; Net inco ..read more
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I Used the Most Recent 10Ks to Create a SWOT analysis
10x Logistics - Leading Revolutionary Change
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7M ago
 Using an AI tool, I had it look at the 10K's for the top 5 trucking companies and asked it to provide a SWOT analysis for the trucking industry. NOTE: This is Generative AI: Here are the top 5 trucking companies in the US, based on revenue in 2022: UPS Inc. (NYSE: UPS) FedEx Corp. (NYSE: FDX) XPO Logistics (NYSE: XPO) J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) Knight-Swift Transportation Holdings Inc. (NYSE: KNX) I have reviewed the 2022 10Ks of these companies and here is a SWOT analysis for this industry: Strengths: Strong financial performance: These companies have all report ..read more
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More on Scenario Planning - 5 Thoughts for Surviving the Supply Chain Downturn
10x Logistics - Leading Revolutionary Change
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9M ago
 "You can be wrong half the time and still make a fortune" I am reading a fabulous book about managing your emotions as it relates to investing. The book is titled, "The Psychology of Money" and, as you can imagine, my mind went to supply chain strategies and how this psychology can apply. My mind also went to a theme I have been writing about relative to scenario planning.  The quote above is from the lead page in Chapter 6 titled, "Tails, You Win". and it truly embodies a lot of what scenario planning is about. Here are the key lessons: Your Business Plan Cannot Depend on Perfec ..read more
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Supply Chain Transformations Involve Many Elements - Thinking is The Most Important
10x Logistics - Leading Revolutionary Change
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9M ago
It appears every supply chain I know of is in the middle of a big transformation. In many cases people misread the COVID Pandemic surge as a "new normal" and many invested heavily only to be shown that the idea of mean reversion is serious business. This is affecting even big and very sophisticated supply chains. Today we learned The Home Depot is even relooking at the supply chain efforts started during the COVID period (H/T: Supply Chain Dive).  With great fanfare, just a few short years ago, Home Depot talked about the investment of $1.2 billion to create the "One Supply Chain". Today ..read more
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Reality is Settling in for Supply Chain Companies
10x Logistics - Leading Revolutionary Change
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11M ago
One observation for supply chain companies is becoming very clear: The anomaly in the business cycle is the period of 2020 through 2022 and that will not be a "new normal". The new normal is really just the old normal: You have to provide value, cost and efficiency rule the day, service is great but not at any cost (See my discussion on Amazon below) and money is not free so disciplined capital allocation is back in vogue. Of course, we should not be surprised at any of this. Did we really think the basic "X's" and "O's" of business were totally being changed? Some thought so in a big way ..read more
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What is all the Fuss About With chatGPT? My Conversation WITH it…
10x Logistics - Leading Revolutionary Change
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1y ago
Yes, I am saying my chat WITH it as I had a very interesting chat about the trucking business. I have a lot to think about relative to chatGPT and one thing is for sure. This is real and I can already think of many use cases for this tool. So, if you are not using it, you may want to think about it. A couple of observations from my conversation below: Think of this as another version of a search tool but rather than giving me a list of websites to go to, this actually answers questions for me in conversational English.  Notice my somewhat random follow on questions. I asked about truckin ..read more
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Scenario Planning - Face it You are WRONG!
10x Logistics - Leading Revolutionary Change
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1y ago
 I want to discuss some thoughts I have on scenario planning and why I think this skill is the future of supply chain management and planning. But first, let’s cover one thing and that is something you have to come to grips with: YOU ARE WRONG.  As great supply chain managers, we all like to show how great we are with math and how great we are with developing algorithms to come up with “the number”. “The number” could be an ESOP number showing inventory requirements after detailed and exhaustive analysis of demand requirements or it could be something like what transportation or labo ..read more
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Go to Market Strategy before Supply Chain Strategy
10x Logistics - Leading Revolutionary Change
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1y ago
This article is directed mostly towards practitioners who operate supply chains within companies which market and sell products. I have done a lot of thinking recently about the discussions going on concerning "is just in time dead" or "on-shoring / near shoring" etc. There are a lot of conversations happening relative to all sorts of strategies for supply chains (and no lack of consultants who want to sell you on the latest and greatest ideas). My thesis here is that the first thing you have to develop and fully understand is your business' go to market strategy. Then, after that is completel ..read more
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Zero Dark Thiry, Precision, and Supply Chain
10x Logistics - Leading Revolutionary Change
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1y ago
 Last night I re-watched Zero Dark Thirty which is a great Hollywood rendition of the search for and ultimate killing of Osama Bin Laden.  No politics here and I just want to reflect on what the learnings are for us, especially in that final scene where we get to see execution with amazing precision.   There is a lot to learn here for supply chain professionals and it all revolves around the word precision.  If there was one word which defined that mission, it is that word, precision.  I underline and bold it as it is a word to not forget. Precision is an outcome  ..read more
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