Businesses are looking more toward sourcing locations that are closer to the U.S. Nearshoring is becoming a strategy to reduce costs and has been utilized by more companies who want to have great control over their supply chain and possibly mitigate risks and disruptions. For many companies, nearshoring rather than offshoring can be beneficial for […]
If your company is growing and order fulfillment has become challenging, a third-party logistics company (3PL) can help you scale. 3PL’s can help manage inventory, picking, packing, and shipping. 3PL’s are designed for businesses of any size and are better equipped at handling the ebbs and flows of order fulfillment. If this is your first […]
Sustainability is becoming an expectation within supply chains. Research from IBM found that 57% of consumers are willing to change their buying habits to try to reduce the impact on the environment. Transportation and logistics companies need to shift their focus to include sustainability as a supply chain goal as the industry as a whole […]
The cost of just about everything, including fulfillment, has risen in recent years. Labor is a major component of the overall cost of fulfillment. While technology can help make the process more cost-efficient, highly automated fulfillment centers do not work for the majority of B2C shippers who do not ship high enough volumes. However, there […]
The reliance on fossil fuels to power trucks, trains, vessels, and aircraft in the transportation issue has a decided impact on emissions. The International Energy Agency estimates that transportation was responsible for 8.26 gigatons, or 26% of CO2 emissions worldwide in 2018. In the U.S., passenger and freight transportation contributed 28% of the total greenhouse […]
Like many other industries, the construction industry has been subject to pricing volatility and bottlenecks over the last few years and it is even more difficult than ever to stay on top of everything that is necessary for running a successful construction company. With another uncertain year ahead, an increasing amount of construction companies are […]
Growth in e-commerce retail sales has been a result of its convenience for consumers, product selection, and prices. Unlike in brick-and-mortar stores however, consumers cannot evaluate products before they purchase them in person. This leads to a large number of returns for items that were purchased online but did not meet consumers’ expectations for a […]
A global supply chain enables businesses to get items easier and at a lower cost, however, it does create some risk for a company. Global supply chains are vulnerable to events such as natural disasters, political unrest, and war. These types of events lead to uncertainty in markets and can have consequences on supply chains. […]
Chinese New Year, also known as Lunar New Year, is the biggest holiday in China. This year, the holiday runs from January 21, 2023, until February 5, 2023. Before and during the holiday, manufacturing and export operations across most of the country will come to a halt as factories shut down. It is important, then, […]
As the year comes to a close, many in the logistics industry are looking forward to a less tumultuous new year. The challenges faced by supply chain managers and logistics managers are a result of a rapidly changing industry with many technological advancements. Staying on top of the following supply chain trends will help you […]