Global supply chains have grown increasingly complex, leading to a rise in cybersecurity threats. Over the past several years, these threats have surged, prompting companies to recognize the critical need to prioritize cybersecurity. While the average cost of a security breach is $36,000, this financial impact pales in comparison to the potential damage to a […]
The logistics industry has faced unique challenges that have forced businesses to rethink what services they handle in-house. Many companies, particularly small- and medium-sized ones, have chosen to work with a 3PL (Third-Party Logistics company). Companies that want to optimize their supply chain choose to partner with a logistics provider for many logistics services. A […]
Global supply chains have become increasingly complex and with that comes more cybersecurity threats. As threats to the supply chain have increased significantly over the past several years, companies are realizing that cybersecurity must become a priority. The average cost of a security breach is $36,000, but the financial cost is minimal compared to the […]
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 […]
Many businesses want to maximize their profits by limiting how much they spend. Outsourcing certain business functions, such as logistics operations, has many benefits including lowering costs. Outsourcing also allows your company to focus on its core aspects of the business while leaving logistics and transportation to the experts. Companies then can easily scale operations […]
Several factors are creating a complex and uncertain logistics industry. As a result, businesses are re-evaluating their supply chain management and are taking steps to increase the flexibility of their supply chain. Companies must be able to navigate the financial and operational challenges that come with disruptions while still addressing the needs of their customers. […]
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 […]
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 […]
Whether you are currently employed in logistics or interested in making a career change, there are plenty of opportunities within the industry. The logistics industry has traditionally been a male-dominated industry and it can be challenging to fit into a field where many of the leadership positions are held by men. While that has been […]