Retail supply chain futures rely on revolutionary inventory management
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Good morning. It’s National Onion Day… because of course, it is. Just blame it on the onion-cutting ninjas if you shed any stress tears today.
According to the Adobe Digital Economy Index, we are now spending $6.7 billion online each month on groceries. How things have changed… this is over double the amount spent pre-pandemic and that number is expected to balloon to $8.5 billion in 2022. And that’s just groceries!
Retailers and suppliers alike are struggling to navigate this new landscape, but it has become prudent to focus strategies on clarity of both inventory and planning. Can data be the key to leaving the supply challenges behind?
Check out today’s featured article from CCJ Digital about several methods retailers can take to harness the power of better inventory management and how it can help save supply chains from further turmoil. ☕️
Randy Marsh Working GIF By South Park via GIPHY
Featured Article:
Retail futures: How to harness data to revolutionize inventory management | CCJ Digital
“Covid-19 lockdowns accelerated a shift to online shopping that was already well under way.”
Water Cooler Topics
🚛 Tank trucks are being revolutionized by new in-cab technology meant for safety. Hours-of-service (HOS) logging, asset tracking, and dispatching issues can all be solved with updated technology. Quality Carriers is the latest fleet to partner with the Canadian provider Isaac Instruments, a provider of electronic logging devices (ELDs) and “driver-centric” fleet management tools for in-cab use. Drivers can expect to be better wired to vital information about their loads.
🚚 Prioritizing better truck parking should be a no-brainer for states who want to enhance the cohesiveness of the trucking industry. The Owner-Operator Independent Drivers Association (OOIDA) talked to private and public stakeholders at the I-81 Corridor Coalition’s Truck Parking Technical Roundtable about the issue. OOIDA Executive Vice President Lewie Pugh highlighted the importance of the issue, citing widespread trucker complaints throughout the country.
💵 Inflation is now the number one topic of concern for the economy, according to the All Items Consumer Price Index (CPI). The CPI, published by the U.S. Bureau of Labor Statistics, indicates a higher demand meeting constrained supply. Companies are monitoring inflation closely, and fleets are required to be prepared to pivot in order to adjust for these higher prices.
If the Covid-19 pandemic taught us anything, it was leadership
Economic weather is changing daily, and it seems… for the worse. The Covid-19 pandemic brought many industries to their knees, and now the economic turmoil is making sure all lessons learned are put to use.
What leadership lessons can you implement into your organization during this economic storm?
The Federal Reserve promises that they will slow inflation, no matter what
The Federal Reserve is working overtime to convince the public a recession can be avoided. But will it be enough?
Taming inflation has been the Fed’s top priority. Currently, inflation is now at 8.6%, a four-decade high, and well above the goal of 2% a year. Chair Jerome Powell told Congress that consumers in America seem calmed… for now. He continued to insist that the Fed would do whatever it takes to succeed at reaching that 2% goal.
Fuel ⛽️
Jones Act Waiver Could Save Drivers Billions at the Pump | CATO Institute
“Faced with soaring gasoline prices President Biden sent a letter to energy firm executives this week requesting ‘concrete ideas that would address the immediate inventory, price, and refining capacity issues in the coming months—including transportation measures [emphasis added] to get the refined product to market.’”
Running on Empty | City Journal
“Some politicians wear their economic illiteracy as a badge of honor. But President Biden’s economic illiteracy, together with his demagoguery about greedy oil companies, stands to make the nation’s economic situation far worse.”
What a Gas-Tax Holiday Won’t Do | The Atlantic
“Gas prices in the U.S. are close to $5 a gallon, President Joe Biden’s approval rating is 36 percent, and the first phenomenon has a lot to do with the second.”
San Diego food truck chef spends $2,000 on gas each month | Fox Business”
“Record-high gas prices aren’t just taking a toll on our Honda Accords.”
Business Strategy 💡
Cummins Returns to its Pioneering Roots to Meet Emissions Goals | Trucking Info
“An early automotive innovator, Cummins advanced the diesel engine and pushed for its use in trucking.”
Fuel Tech ♻️
Things That Go Poof in the Night | Trucking Info
“ACT Expo 2022 really opened my eyes to the potential and pitfalls of the future of fossil-fuel-free transportation.”
Company Culture 🎉
The kindness bonus | Seth’s Blog
“‘Please be kind’ sounds like a moral imperative. And in some ways, it is.”
News Bag 🗞
This Week in Logistics News (June 18 – 24) | Logistics Viewpoints
“And just like that, once again, the Gronk spike is on its way out. Tampa Bay Buccaneers tight end, Rob Gronkowski announced his second retirement this week.”
Industry Forecast 📊
Ports on Both Coasts Report Record Volume in May | TT News
“The strong pace of imported goods to the nation’s ports continued in May.”
The past is prologue to today’s supply chain challenges | Supply Chain Management Review
“It’s great to see the increased investment in technology in supply chains since the COVID pandemic began—surveys indicate 50-60% of companies across a wide range of industries have plans to invest in technology and automation, and it is one of the top trends in many industries, even above labor concerns.”
May Data Likely to Show Used Class 8 Demand Softens Again | TT News
“Demand in the used Class 8 market is softening, experts said, citing steady declines in both the spot freight volumes and rates that so many buyers of used trucks rely on for a living.”
Leadership 🏆
IBM supply chain head's digital transformation insight | Supply Chain Digital
“In April 2022, Procurement Magazine, Supply Chain Digital and Bizclik Media Group returned to London's Tobacco Dock to host our second Procurement & Supply Chain LIVE.”
Electric Vehicles 🔋
Exclusive: As it begins its comeback, Lordstown Motors calls on Joe Burrow | Fleet Owner
“FleetOwner was given exclusive behind-the-scenes access as EV startup Lordstown Motors readies production at the Ohio plant it just sold to Foxconn. Its new marketing campaign for the Endurance EV work truck will star Super Bowl LVI QB Joe Burrow.”
Quote of the Day:
“Data beats emotions.”
— Sean Rad, founder of Tinder
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for July 31, 2025, from iLevel Logistics Inc.