Market Insights with Supply Chain Economist Jason Miller
The Logistics of Logistics Podcast
Release Date: 06/26/2024
5 Lessons From Military Logistics with Kenneth Carter III
The Logistics of Logistics Podcast
and discuss 5 lessons from military logistics. Kenneth is the CEO of , a logistics company specializing in the food and beverage space. Summary: 5 Lessons From Military Logistics In this podcast, Kenneth Carter III shares his remarkable journey from drug addiction and incarceration to becoming the CEO and founder of Ameriton Freight and Logistics. Drawing from his military experience, Carter discusses five key lessons that can be applied to improve business operations and leadership, including the importance of flexibility, adaptability, scenario planning, strong leadership culture,...
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Market Insights with Supply Chain Economist Jason Miller
The Logistics of Logistics Podcast
and discuss market insights. is a professor of supply chain at Michigan State University, which is ranked as one of the top supply chain schools in the world. Summary: Market Insights In this podcast, Jason Miller, a professor at Michigan State University, shares his expertise on the current state of the supply chain and logistics industry. He discusses the ongoing freight recession, the impact of Trump tariffs on the US economy, and the potential effects of reshoring. The podcast also covers recent disruptions in the container shipping market and air freight volumes from Asia to the US....
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The Logistics of Logistics Podcast
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The Logistics of Logistics Podcast
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4 Trends in Freight Brokerage with Kevin Hill
The Logistics of Logistics Podcast
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The Logistics of Logistics Podcast
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The Logistics of Logistics Podcast
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The Logistics of Logistics Podcast
and discuss recruiting and retaining top performers in logistics. Charlie is Founder and CEO of , a recruitment company that specializes in the logistics, transportation, and supply chain verticals. About Charlie Saffro is a recruiting and retention expert, a female entrepreneur, and a TEDx speaker with a passion for sharing ideas around human leadership, talent acquisition and retention, employee engagement, and company culture. Charlie founded a third party recruiting firm in 2010 with the goal of connecting employers and professionals within the Transportation,...
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The Logistics of Logistics Podcast
and discuss beyond the yard - how Velostics streamlines scheduling. Gaurav is the Founder and CEO of , a company on a mission to revolutionize the logistics landscape. Summary: Beyond the Yard: How Velostics Streamlines Scheduling In this podcast, Gaurav Khandelwal, CEO of Velostics, discusses how their cloud-based logistics software automates scheduling and streamlines processes for shippers, carriers, and logistics providers. Velostics aims to eliminate manual scheduling, reduce friction in the handoff process, and provide user-friendly tools for better decision-making. Khandelwal...
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The Logistics of Logistics Podcast
and discuss Supply Chain 2030. Ron is the Founder and CEO of MetaOps & , a global network of operational excellence rockstars ready to tackle your toughest challenges. They'll diagnose your problems and get you back on track, fast. Summary: Supply Chain 2030 In this podcast, Joe Lynch and Ron Crabtree delve into the critical challenges and trends shaping the future of the supply chain industry. They discuss the importance of digitalization, automation, and AI readiness in transforming supply chain operations. The podcast also explores the impending labor shortage crisis and the need...
info_outlineJason Miller and Joe Lynch discuss market insights. Jason is a professor of supply chain at Michigan State University, which is ranked as one of the top supply chain schools in the world.
Summary: Market Insights
In this podcast, Jason Miller, a professor at Michigan State University, shares his expertise on the current state of the supply chain and logistics industry. He discusses the ongoing freight recession, the impact of Trump tariffs on the US economy, and the potential effects of reshoring. The podcast also covers recent disruptions in the container shipping market and air freight volumes from Asia to the US. Additionally, Jason Miller emphasizes the importance of understanding data quality and expresses skepticism about the revolutionary potential of AI in certain domains. The discussion highlights the significance of making informed decisions based on real-time data and qualitative forecasts.
#SupplyChainInsights
#FreightMarketOutlook
#DataDrivenDecisions
About Jason Miller
Jason Miller (PhD The Ohio State University) is a tenured Associate Professor of Logistics and the John D. and Dortha J. Withrow Endowed Emerging Scholar at Michigan State University's Eli Broad College of Business. His primary research stream examines firms' logistics operations, with an emphasis on studying motor carrier safety, productivity, pricing dynamics, and driver turnover. Jason has been recognized with multiple awards for research and teaching. He was recognized as the undergraduate faculty member who had the greatest impact on students based on the 2017 graduating senior survey. The website Poets & Quants has recognized him as one of the top 40 undergraduate professors.
About Michigan State University, Department of Supply Chain Management
Michigan State University is a public research university in East Lansing, Michigan. MSU was founded in 1855. Today, MSU is one of the largest universities in the United States and has approximately 634,300 living alumni worldwide. MSU’s Department of Supply Chain Management is the consistently ranked as the top supply chain management school in the country. The department educates students to succeed in careers such as procurement, manufacturing, inventory management, warehousing, transportation, and customer service. Students graduate with foundational knowledge across all areas of SCM, positioning them to work in multiple capacities for the top global companies. The business world views Broad’s graduates and faculty as the voice of the SCM field.
Key Takeaways: Market Insights
- Jason Miller shares insights on the current state of the supply chain and logistics industry, discussing freight rates, inventory levels, and consumer spending.
- The freight market has been in a recession since late 2022, with spot rates and demand moving along a trough.
- The impact of reshoring on the US economy depends on the location of the parts ecosystem, and interest rate cuts by the Fed will likely be needed to stimulate freight volumes and housing activity.
- Air freight volumes from Asia to the US, particularly from India and China, have seen a significant increase due to ecommerce demand for cheap goods.
- AI will revolutionize fields like drug discovery and engineering but may struggle with economics and human-related activities due to unpredictability and measurement difficulties.
- Making informed decisions involves understanding data sources, forming a coherent narrative, and using qualitative forecasts based on experience and intuition.
Timestamps
(00:00:01) Market Insights with Supply Chain Economist
(00:00:17) Supply Chain Challenges and Economic Outlook
(00:01:09) The Supply Chain Economist
(00:03:26) Freight Markets: Trough, Capacity, and Demand Surges
(00:10:27) Tariffs' Negative Impact on the Economy
(00:19:06) Reshoring, Interest Rates, and Freight Volumes
(00:21:14) Container Shipping Demand Surges, Rates Soar
(00:24:22) Navigating Disruptions in Global Shipping Routes
(00:27:55) The Surprising Surge in Air Freight
(00:32:20) Freight Recession Amidst Economic Stability
(00:40:40) The Limitations of AI and Data
(00:49:57) The Potential and Limitations of AI
(00:57:57) Freight Markets, Recession, and AI Readiness
(00:59:21) Making Sense of Data and Decision-Making
(01:01:10) Data-Driven Decisions in a Transforming World
(01:03:05) Engaging with Logistics and Supply Chain Leaders
Learn More About Market Insights
MSU Supply Chain Management Program
Jason’s profile on MSU’s website
Supply Chain Basics with Jason Miller
Logistics and Supply Chain - 1940 to 2040 with Jason Miller