Moving Cross-border Shipments
As your suppliers and customers become more geographically diverse, more of your supply chain and customer experience depends on moving shipments through Customs accurately and without delay. 1. Create a dashboard for incoming orders. A visual tracker of inbound shipments may help simplify the importing process. Tracking where orders and shipments are while in transit, […]
Read MoreTradeLens Caps Blockchain Initiative
In an effort to apply blockchain to the world’s global supply chain, Maersk Line and IBM have collaborated to develop TradeLens, a blockchain-enabled shipping solution to promote more efficient and secure global trade, bring together supply chain partners to support information sharing and transparency, and encourage industry-wide innovation. To date, 94 companies are actively involved […]
Read MoreSupply Chain Visibility: Can You See Me Now?
Using technology to gain a clear view into your supply chain can both wipe out costs and pour revenue to your bottom line.
Read MoreTax, Energy, Land Incentives Drive Economic Development
Economic development partners collaborate to create incentive packages tailored to each company’s needs.
Read MoreReturning Experience
The war between the retail/e-commerce customer experience and increasing costs is heating up, thanks to the impact that rising transportation prices are having on the retail process. That trend plagues e-commerce players and retailers, both large and small. For example, in July 2018, spot market trucking costs were up 30 percent year-over-year, according to DAT. […]
Read MoreHome Depot Builds New Supply Chain
Home Depot will spend $1.2 billion to overhaul its supply chain to offer faster delivery for consumers and businesses. Walker Sands’ 2018 Future of Retail report offers the home improvement retailer some advice: To compete with Amazon, Home Depot should focus not only on delivery speed, but transparency as well. Only 30 percent of consumers […]
Read MoreLeveraging Technology: Put Strategy First
With all the hype about technology’s potential, it’s easy to lose track of the basic truth that technology enables strategy. Technology applied to an inappropriate strategy will accelerate a firm’s demise. Tech trends enable strategies that are reshaping global supply chains. These new technologies complement each other; used in combination they create synergies far beyond […]
Read MoreIs Asia The New Bermuda Triangle?
Large shipping losses declined by 38 percent globally over the past decade, but losses in Asia rose year-on-year, with incidents in the South China, Indochina, Indonesia, and Philippine maritime regions rising 25 percent. That makes Asia the top area worldwide for major shipping incidents in the past decade, leading it to be dubbed the "new […]
Read More5 Tactics for Managing the Unexpected
No supply chain is immune from risk, and the farther a company’s supply chain traverses the globe, the more opportunity for things to go awry. Companies can take proactive steps to ensure they won’t be blindsided by sudden changes to their supply chain. Taking out a credit insurance policy from a credit insurer is just […]
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