Cybersecurity Risks in the Supply Chain are Increasing: Are you Ready? As organizations are becoming increasingly interconnected with their partners and vendors, cybersecurity risks are fast becoming a serious threat. With an estimated 80% of all cyber breaches occurring in the supply chain, businesses need to identify potential risks and the likelihood that they will […]
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 […]
As the year progresses, it appears that the global container constraints will most likely not end anytime soon. With container capacity continuing to be limited and an imbalance in trade on some routes, U.S. importers should prepare for a difficult month or two ahead. Many U.S. importers are having a very difficult time booking current […]
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 […]
As consumers continue to turn to e-commerce for their shopping needs, the need to deliver on time, every time has become imperative for both retailers and carriers. Yet missed deliveries happen often. The cost of late shipments has both financial and non-financial implications. And the impacts are wide-reaching as the cost of a missed delivery […]
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 […]