Companies often review their supply chain only when there is an issue such as financial challenges. For example, when transportation costs are rising or there are delays in shipping, the supply chain then becomes the focal point of figuring out where the inefficiencies are. However, it is beneficial if a supply chain always operates optimally. […]
A supply chain that operates optimally is imperative to surviving today’s logistics environment. A supply chain that runs efficiently means that raw materials and final products flow smoothly from the manufacturer to the customer. Companies that focus on their supply chain management find they are able to maximize the customer experience and have a competitive […]
The aftershocks of the pandemic are starting to be felt as the demand for goods, energy, labor, and transportation has increased globally. Supply chains simply cannot keep up with the relenting demand. As a result, major countries worldwide are feeling the strain on their supply chains. United States There are several logistics industry issues that […]
Is your supply chain secure? A supply chain security issue occurs on the weaker parts of an organization’s supply chain. Not surprisingly, supply chains are especially vulnerable because of the many links, people, and locations along the transportation process. Security incidents can be detrimental to your business with immediate costs but can also cause future […]
Recent events have disrupted business activities and supply chains around the world. The spread of the COVID-19 pandemic and the Ever Given getting stuck in the Suez Canal are examples of events that have caused unexpected delays in business operations as well as a backlog in ports. Businesses are not able to keep a consistent […]
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 […]
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 peak season for international air freight has arrived. Every year, the airlines look forward to the end-of-the-year peak season to generate more revenue by carrying additional freight. The supply and demand balance shifts more toward carriers as demand peaks for cargo and space. This year, however, it comes with even higher costs for buyers. […]
The U.S. economy is comprised of different cycles that can work together to reinforce one another to create a trend. Or they can work against each other which weakens the trend. As one would expect, the largest cycles drive the biggest trends. The interaction of cycles, like the inventory restocking cycle, is often affected by […]
Many industries in the U.S. have suffered over the last few months as the economy experienced a downturn from last year. The COVID-19 pandemic created hardship and uncertainly for many markets, which in turn, affected the logistics supply chain. One of the exceptions is the military industry, which is experiencing a rise in spending. This […]