NITL Brad Hildebrand, testified before the U.S. House Subcommittee on Railroads, Pipelines and Hazardous Materials on March 8, 2022. You can read his full written testimony and attached examples.
NITL send strong follow-up comments to the U.S. House Subcommittee on Railroads, Pipelines and Hazardous Materials from the March 8, 2022, hearing.
Since June 2020, truck capacity has steadily tightened, reaching all-time highs in early August. Freight prices have increased in the spot markets, LTL and intermodal. Contract pricing too, as tender rejections are up. It all adds up to the next great capacity crisis–the third in about 5 years. Yet few shippers plan strategies to anticipate and scale these crises.
Demand is likely to increase–U.S. factory orders rose 6.2% in June, with predicted continued growth; China’s factory output in July was the largest growth it’s had since 2011. It means products will be more expensive and more challenging to ship than ever before. We’ll look at the market data today and discuss some critical mega-trends you need to know for future success.
The COVID-19 pandemic has exposed many supply chain related resiliency issues, ranging from shortages in product availability to meeting surges in demand. Because the supply chain issues are so visible and affecting so many companies adversely, shareholders and stakeholders will require companies and their supply chain executives to demonstrate an active, effective and ongoing Supply Chain Risk Management (SCRM) program. What will be the next disruptive event? Are you ready?
You are invited to attend a very interactive presentation by Richard Sharpe, CEO of Competitive Insights, and gain key takeaways to make smarter and more targeted SCRM decisions, both reactive and proactive. Learn how effective SCRM analytics enables companies to add measurable resiliency to their operation while, at the same time, protecting profit and shareholder and stakeholder investments.