Supply Chain Management in North America

There are many parts to the Supply Chain Management program that build on the basic studies taught at Rutgers Business School. Supply chain management is what makes business happen. From where the goods are made to where they are used, supply chain management includes inventory of goods that are still being worked on, the shipping and storage of raw materials, and finished goods. The Bureau of Labor Statistics thinks that supply chain management will be one of the industries that grows the fastest in the near future. [Read Rutgers Business School's article in Poets & Quants called "Why Supply Chain Management Has Become A Hot Major At Business Schools.]

A lot of companies use creative technology and coordinating processes to get products out faster.

Using computers to look at work patterns in order to get the most out of the available workers has led to higher productivity. There is a whole new set of integrated operations management roles that have been created by modern system development and related processes. These include supply chain managers, resource managers for material or manufacturing resource planning (MRP), and process and inventory control managers. Rutgers' bachelor's degree in supply chain management gives students the in-depth knowledge and tech skills they need to get the best jobs in the field. Strategic sourcing, global procurement, contract management, business performance improvement, supply chain technologies, six sigma, pricing analysis, channel coordination, brand management, new product development, supply chain alignment, retail management, and distribution management are some of the things that people need to know and be able to do. Gartner's Supply Chain Leaders [read story] said that the college Supply Chain Management program was the second best in North America. The graduates will be able to re-engineer business processes that involve many companies and different types of work.Every year, an important question comes up: do shippers want to handle more goods next year than they did the year before? The answers to our question about shipping attitudes for 2023 showed that goods growth fell the most in the poll's history. At the time, shippers thought that cargo activity would drop by 12 points in 2023 compared to 2022. In 2023, the US economy stayed strong overall, but shipping volume dropped quickly and dramatically in the goods transportation sector. A lot of business owners had to shut down, including Yellow Corporation and Convoy Inc., which made the news every week. 26% of those who answered said they planned to use air cargo services by 2024. This was a three-point rise (23% more than the previous year). 

This rise comes after big drops that shippers expect in 2023, when use is expected to drop by 9 percentage points compared to 2022, and it fits with expectations of cargo volume.

Aside from the 26% of respondents who said they were almost certain they would use air services in 2024, 20% of shippers are also interested in or want to use this method. In the same way that overall service utilization is expected to rise, rail (or intermodal service) service utilization is expected to rise by three percentage points.  Train service interest has risen to levels not seen since the year of the pandemic in 2019, up from 17% in 2023 and 20% in 2024. More than twenty years have passed since the first big train merger of the year. When Kansas City Southern and Canadian Pacific joined forces to make the continent's first transnational train system, CPKC was born. The united CPKC has roots in Canada, the US, and Mexico. It comes at a time when more businesses are thinking about moving activities closer to home to Mexico. Cross-border trade on the new line was supposed to make transportation more efficient. However, problems with more people crossing the US-Mexico border caused important train service to be cut off in December in Texas port places like El Paso and Eagle Pass Even though there may be problems with cross-border train service in the future, more shippers will be tempted to use it as more infrastructure is built. For example, at the end of last year, the Georgia Ports Authority said they were going to build a second inland train stop in Gainesville, Georgia, that would connect to the Port of Savannah At the top of the list is the impact of traffic on the environment, which makes greenhouse gas emissions much worse. 

Trucking companies may be able to significantly reduce their carbon footprint by using environmentally friendly methods that are in line with efforts made around the world to deal with climate change. 

This is good for the earth and meets the needs of investors and customers who want businesses to be more eco-friendly. All over the world, governments are also making environmental rules stricter.  Shippers must only work with companies that follow these rules if they want to stay out of trouble with the law and keep their business running smoothly. Also, long-term solutions like better route planning, fuel-efficient cars, and alternative fuels often lead to higher operating efficiency and cost savings. This is a big deal for both company image and corporate responsibility. These days, people care a lot about the environment. Businesses that support green methods in their supply chain can build their brand and get more customers. This way of doing things also fits with investors' rising interest in ESG factors, which makes companies with strong sustainability policies more appealing for investment. At the same time, issues with sustainability in the transportation field go beyond normal trucking methods. At the most recent COP28 UN climate change meeting in Dubai, the governments of the US and Canada said they would set up a task force to look into ways to cut down on greenhouse gas emissions from railroads. These factors will, among other things, make sustainable projects the most important thing that shippers, their suppliers, and logistics partners talk about.