True “produce season” in the continental United States lasts from about April to October, with Sun Belt markets dominating April through June and Midwestern markets dominating July through October.
In the latest episode of "The FreightCaviar Podcast", we sit down with Michael Caney, Chief Commercial Officer at Highway. He shares tips on protecting your business against fraud and talks about Highway's newest product.
Plus, a politician gets slammed for uninformed trucking post, Walmart invests big in Mexico, railroad cargo theft takes spotlight, and more.
Walmart relaxes OTIF standards to 90% on time, 95% in full.
Walmart's recent update brings a lighter load for suppliers, dialing down the 'on-time, in-full' (OTIF) shipment requirements to 90% and 95%, respectively, from the steep 98% set during the 2020 demand surge. Here's the lowdown:
Previously: In 2020, amid pandemic chaos, Walmart cranked up OTIF targets to 98% to beef up against its competitor Amazon.
Now: They've relaxed OTIF standards to 90% on time, 95% in full.
Why: To better manage inventory and streamline online order fulfillment.
Stakes: Vendors missing the mark face fines—3% of the goods' cost.
Larger Context: The pandemic saw packaged goods companies' on-time, in-full deliveries drop from 85% (Q1 2020) to 77% (Q4 2020). In 2023, deliveries improved, hitting an 84% on-time average, according to FourKites data.
Experts and logistics providers see Walmart easing up as a positive shift, acknowledging the unpredictable nature of deliveries. Several factors can derail the best-laid plans, from traffic delays and truck breakdowns to product mix-ups.
Walmart's adjustment reflects a return to more normal operations post-pandemic and aims to ease the pressure on suppliers. This move is seen as a win-win, enhancing flexibility and efficiency for both Walmart and its suppliers.
Source: WSJ
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