Logistics Matters with DC VELOCITY Guest: Don Hicks of Optilogic on nearshoring; Signs of optimism in freight markets; A new battery plant
Our guest on this week's episode is Don Hicks, CEO of Optilogic. As manufacturing is declining in China, many companies are turning to Mexico and other Latin American countries to assure a steady supply of goods while also shortening their supply chains. But will nearshoring actually resolve many of the problems supply chains have faced in the past few years? We discuss the benefits and pitfalls of nearshoring designs.
Freight brokers are seeing some light at the end of the tunnel – and there is new data to back up that better conditions may be returning. We discuss freight markets and what might soon be a return to more normal conditions following this year's declining market.
The transportation industry is gradually introducing more electric-powered vehicles while moving away from diesel engines to power trucks. Such a change, though, requires a lot more batteries than are currently available. This week we heard of plans from several truck companies to join together to build a new factory for domestic battery manufacturing. This will assure more battery supply for the trucks they hope to build.
CSCMP's Supply Chain Quarterly also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. The current series features Transportation Tech. Go to your favorite podcast platform to subscribe and to listen to past and future episodes.
Articles and resources mentioned in this episode:
- Optilogic
- Survey: Freight brokers unfazed by industry challenges
- Truck manufacturers to build joint battery factory to ensure U.S. supply
- Get episode transcripts
- Visit Supply Chain Quarterly
- Listen to CSCMP and Supply Chain Quarterly's Supply Chain in the Fast Lane podcast
- Listen to Supply Chain Quarterly's Top 10 Supply Chain Threats podcast
- Send feedback about this podcast to podcast@dcvelocity.com
Podcast is sponsored by: PERC - The Propane Education and Research Council
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