Market Insights with Supply Chain Economist Jason Miller
The Logistics of Logistics Podcast
Release Date: 06/26/2024
From Farm to Fork: A Broker's Guide to Food Safety and Cold Chain Logistics with Brian Hastings
The Logistics of Logistics Podcast
In “From Farm to Fork: A Broker's Guide to Food Safety and Cold Chain Logistics”, and , the CEO and Co-founder of Veritas Logistics, discuss the critical role of human-centric logistics and strong partnerships in ensuring the safe and efficient transportation of food. About Brian Hastings is the CEO and Co-founder of Veritas Logistics, a third-party logistics firm founded in 2020 that prioritizes people and operates with core values of truth, partnership, passion, positivity, and service to provide customized transportation solutions. With over 15 years in the freight brokerage...
info_outline
CHAINge, AI and the Future of Freight with Bart A. De Muynck
The Logistics of Logistics Podcast
In “CHAINge, AI, and the Future of Freight”, and , an industry expert and thought leader with over 30 years of supply chain and logistics experience across the globe, discuss how artificial intelligence and emerging technologies are reshaping the logistics landscape and what the future holds for global freight. About Bart A. De Muynck stands as an accomplished industry expert and thought leader, boasting over three decades of global supply chain and logistics experience. His distinguished career includes significant roles at major international companies such as EY, GE Capital, Penske...
info_outline
Safeguarding Your Shipments: Denim's Insights on Fraud, Payments, and Carrier Vetting with Chad Capooth
The Logistics of Logistics Podcast
In “Safeguarding Your Shipments: Denim's Insights on Fraud, Payments, and Carrier Vetting”, and , VP of Operations at Denim, discuss the evolving landscape of freight fraud, payment challenges, and how Denim provides comprehensive solutions to ensure financial and operational security for freight businesses. About Chad Capooth is the VP of Operations at Denim. He brings over 15 years of experience in strategic planning, business growth, and operations leadership. At Denim, he leads operational strategy, leveraging deep expertise in factoring, credit underwriting, and portfolio management...
info_outline
Navigating the Numbers: Tariffs, AI, and the Future of Supply Chains with Corey DeSantis
The Logistics of Logistics Podcast
In “Navigating the Numbers: Tariffs, AI, and The Future of Supply Chains”, and , BDO’s Logistics and Transportation Subject Matter Expert, discuss the evolving landscape of global trade, the transformative power of artificial intelligence, and strategies for building resilient supply chains for tomorrow. About Corey DeSantis serves as BDO’s Logistics and Transportation Subject Matter Expert, supporting clients in manufacturing, automotive, telecommunications and food manufacturing. Corey improves the condition of BDO’s clients through making data-driven decisions to optimize...
info_outline
The Threads of Trade: How Global Events are Reshaping Cotton Logistics with Michael Symonanis
The Logistics of Logistics Podcast
In “The Threads of Trade: How Global Events are Reshaping Cotton Logistics”, and , Director of Strategic Network at Louis Dreyfus Company, discuss how global events are reshaping cotton logistics, leveraging Michael’s dual perspective as a BCO and former ocean carrier, and the importance of collaboration and data transparency. About Michael Symonanis doesn’t just move containers - he moves conversations forward. With 30+ years in international container shipping, Michael brings a rare dual lens as both a BCO and former ocean carrier. Now in his 20th year at Louis Dreyfus Company, he...
info_outline
REPOST: Beyond the Tracks: The Next Frontier of American Rail with Martin Lew
The Logistics of Logistics Podcast
and discuss beyond the tracks: the next frontier of American rail. Martin is CEO at , a tech-enabled rail logistics provider with a team of experienced rail professionals, an extensive network of partners, and a best-in-class technology platform that simplifies the movement of freight and creates a competitive advantage. About Martin Lew is the Founder and Chief Executive Officer of Commtrex, the largest tech-enabled logistics platform in North America (US, Canada, and Mexico) for shippers to directly connect with railroads, transloaders, storage facilities,...
info_outline
REPOST: Avoiding Logistics FUD with Steve Elwell
The Logistics of Logistics Podcast
and discuss avoiding logistics FUD. Steve is the Founder and Managing Director of Partners, a boutique leadership, business strategy and turnaround consulting firm. Summary: Avoiding Logistics FUD In this episode, Joe Lynch and guest Steve Elwell tackle the pervasive issue of Fear, Uncertainty, and Doubt (FUD) and its impact on various aspects of business, particularly in logistics. Joe and Steve provide valuable insights into overcoming FUD by establishing trust and eliminating disruptive elements within business relationships, and leadership. The...
info_outline
Supply Chain Reset: Overcoming Pharma & Healthcare Supply Chain Challenges with Michael Needham
The Logistics of Logistics Podcast
In “Supply Chain Reset: Overcoming Pharma & Healthcare Supply Chain Challenges”, and , a Principal at Efficio, discuss how to build resilient supply chains using data-driven strategies and a hands-on consulting approach to achieve both cost savings and operational resilience in the complex pharma and healthcare sectors. About Michael Needham is a Principal Consultant at Efficio, the leading global consultancy, dedicated to helping clients achieve their supply chain and procurement goals. Michaël has 20+ years of experience working across the pharmaceutical manufacturing,...
info_outline
REPOST: The Revenue Engine with Kara Smith Brown
The Logistics of Logistics Podcast
and discuss the revenue engine. Kara is the Founder and CRO of , the premier B2B marketing and PR firm dedicated to helping logistics companies increase lead generation through targeted marketing strategies and media coverage. About Kara Brown A prominent thought leader in B2B go-to-market strategy, is CEO of LeadCoverage, the pioneering consultancy transforming approaches to PR, demand generation and marketing across the supply chain, heavy industrial, and tech sectors. Her successful corporate career started at Echo Global Logistics where she played a key...
info_outline
Beyond LTL & Truckload: The Expedite All Approach to Smaller Truck Solutions with Mike Ernst
The Logistics of Logistics Podcast
In “Beyond LTL & Truckload: The Expedite All Approach to Smaller Truck Solutions”, and , the President of Expedite All, discuss how specialized small truck solutions, spearheaded by networks like Expedite All, deliver efficient, on-demand transportation for time-critical shipments, leveraging cargo vans, box trucks, and straight trucks to bypass the limitations of traditional LTL and Truckload. About Mike Ernst , President of Expedite All, brings over 25 years of experience in the logistics industry to the company. He has held leadership roles such as Vice President of...
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