Inbound Logistics | August 2024

BITE SIZED SUPPLY CHAIN/LOGISTICS INFORMATION Info SNACKS

76% of logistics transformations never fully succeed, failing to meet critical budget, timeline, or key performance indicator metrics 81% of logistics leaders believe that transformation is critical YET ONLY 20% adopted the approach of using resistance as a resource to improve outcomes 62% Odds of transformation success

BIG POWER, SMALL PACKAGE Swiss company Micro has unleashed a tiny titan into the world: the Microlino. This pint-sized electric vehicle, with a curb weight of about 1,093 pounds, is categorized as a four-wheeled motorcycle. The Microlino measures about 8.2 feet long, five feet wide, and five feet tall. It also boasts an estimated range of nearly 142 miles, a maximum speed of 56 mph, can accelerate to 31 mph in five seconds, and takes only four hours to charge on a standard household socket. The car’s size can accommodate a driver and a passenger and features over eight cubic feet of space for cargo. Starting price: $25,900.

RANSOMWARE RAMPAGE • ThreatLabz tracked an 18% increase in ransomware attacks year-over-year. • Manufacturing, healthcare, and technology sectors were the top targets of ransomware attacks. • The United States remains the top target of ransomware, experiencing nearly 50% of overall attacks, followed by the United Kingdom, Germany, Canada, and France.

by effectively responding to team resistance and incorporating feedback

— Zscaler, Annual Ransomware Report

—Gartner survey

THE BIG STAY 77% of U.S. professionals are hesitant to change jobs due

“Humans are great thinkers, but machines have a better memory by a long shot, so we balance the strengths of one versus the other to weigh the options. A machine can tell you what’s available, but the human has to make the decisions.” — Bryn Heimbeck, Co-founder and President, Trade Tech IE&D PLANS PAY OFF • 73% of supply chain managers say their company outperforms competitors when inclusion, equity, and diversity (IE&D) plans are implemented and organized effectively. • More than three quarters of HR professionals at companies with effective IE&D plans say they experience low turnover and recommend their supply chain department as a “great place to work.” — SHRM and ASCM Research, The Power of IE&D in the Supply Chain: Unlocking Resilience and Growth

to job security. 77%

are not looking for a new role because of concerns around job security in a new firm. 80% put job security over pay when considering a new role. 65% state that the economy plays a ‘significant role’ in whether to change jobs.

–Robert Walters poll

August 2024 • Inbound Logistics 1

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