Guest: Kenny Vieth of ACT Research on the looming recession and freight markets; 5G gets a boost with logistics; New research on ERP implementations

Our guest on this week's episode is  Kenny Vieth, president and senior analyst at Americas Commercial Transportation Research Company - better known as ACT Research. He discusses his company's predictions of an economic recession in the first half of 2023 and how the trucking industry is already teetering on recession. What does this mean for freight markets, and what can companies do to survive and then prepare to thrive once the recession ends?Logistics firms are adopting 5G technology, but in a different way than consumers. Instead, they are  implementing private 5G networks that cover only their facility or port area. These secure networks provide fast data processing throughout the property.New research reveals how many companies are looking at their ERP (Enterprise Resource Planning) systems and what they want and expect from ERP vendors. Findings show it is very important to find a strategic long-term partner to help with implementation and ongoing support.DC Velocity's sister publication CSCMP's Supply Chain Quarterly  offers a podcast series called Supply Chain in the Fast Lane.  It is co-produced with the Council of Supply Chain Management Professionals. The second season has now launched and focuses on supply chain digitalization.  Go to your favorite podcast platform to subscribe.Articles and resources mentioned in this episode:ACT ResearchTrade groups applaud executive order on rail talksNearly nine out of 10 online shoppers will abandon their virtual shopping carts if they see poor delivery termsVisit DCVelocity.com for the latest news. Visit Supply Chain QuarterlyListen to CSCMP and Supply Chain Quarterly's Supply Chain in the Fast Lane podcastListen to Supply Chain Quarterly's Top 10 Supply Chain Threats podcastSend feedback about this podcast to [email protected] sponsored by:  SchneiderOther linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITYTop 10 Supply Chain Management Podcasts