The global COVID-19 pandemic has exposed some weak links among many companies’ supply chains over the 18 months. As we emerge from the pandemic, it is a good idea for businesses to re-evaluate their inventory levels. While the last year has presented inventory challenges for many companies, levels should return to more realistic levels. Keeping […]
As the e-commerce market segment grows, so does the need for a reverse logistics plan. The tracking of aftermarket activities, or reverse logistics, can provide insight into your logistics management overall. Reverse logistics helps anticipate and manage aftermarket issues and is effective in improving supply chain management and overall business performance. What is Reverse Logistics? […]
Once criticized for being ‘behind the times when it comes to advances in technology, the LTL (less-than-truckload) industry has made great strides in recent years. The increase in e-commerce has made LTL a more frequently used mode of transportation. More retailers are relying on LTL for their shipping and as customers’ expectations have increased, so […]
The pandemic that has gripped the world over the past year has shown just how vulnerable supply chains can be. Manmade and natural disasters and unpredictable situations can leave a supply chain, and its managers, exposed. A risk mitigation strategy is necessary to be able to prepare for unplanned disruptions. The Impact of Disruptions Today’s […]
The pace of e-commerce demands that companies continually invest in technology to enhance supply chain visibility. Logistics companies that have visibility in their supply chain offer better transparency with their orders, and as a result, have more effective operations. Supply chain visibility goes far beyond simply tracking orders though because it gives a competitive edge […]
For several months, the industry has been talking about the increased demand for imports, tightening capacity for container shipping, and driving up the cost to ship via ocean containers. In addition, the backlog in receiving goods at certain U.S. ports has meant disruption along the supply chain. The surge in imports is far from over, […]
Global trade was at an all-time high in 2020 because the COVID-19 pandemic meant more consumers were spending money on online purchases as they were home more. Usually, demand falls drastically around Chinese New Year, however this year, that has not occurred. Ongoing travel restrictions have meant that air freight has been tight, leaving more […]
Climate change is a global issue that affects the shipping and transportation industry. The shipping industry is faced with a daunting challenge: to be able to comply with the International Maritime Organization’s (IMO) emissions reduction by at least 50% by 2050. Reducing greenhouse gas emissions (GHG) within the industry would have a significant impact on […]
Supply chain visibility is essential to a business’s success, especially in today’s volatile and unpredictable market. The benefits of supply chain visibility are numerous. One of the most important benefits is that supply chain visibility affects risk management as every item is tracked along the supply chain. Another benefit is that the technology used provides […]
The difference between this time last year and this year in the container market is like night and day. A year ago, routes were being cancelled because of soft volumes as well as the industry coping with the new emissions standards that require low-sulfur fuels or that ships install exhaust-cleaning systems. As compared to last […]