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Tips to Overcome Year-Round Labor Challenges
The logistics sector is expanding. The Logistics Managers’ Index, which is calculated using a diffusion index in which any reading above 50 indicates that logistics is expanding, came in at 65 in June 2021 and a record-high reading of 76.2 in March 2022. Continued growth is shifting how companies approach hiring. Continued growth as a […]
Read MoreGood Question: What’s your best tip for retailers pivoting to direct-to-consumer (DTC) fulfillment?
Successful DTC fulfillment comes down to balancing customer acquisition cost, conversion rate, and average order value (AOV). AOV is critical—if it’s too low, shipping costs will eat up your margins. Keep AOV up by bundling products and using shipping partners who offer flexible fulfillment options that scale with you. –Aaron Galer SVP of Strategic Partners […]
Read MoreWhat’s the Word: the Language of Logistics
Load Balancing To load balance inventory means to distribute inventory across a network of warehouses with the main purpose of positioning inventory closer to the end customer prior to purchase. Retailers load balance inventory to reduce last-mile costs and ensure faster delivery. When leveraging a well-balanced network, it also allows for redundancy in their supply […]
Read More5 Phases of Disruption Response
While supply chain problems appeared at first to be temporary ramifications of the pandemic, research now suggests that restoring previous supply chain functioning will take more than time. New solutions will have to be developed, and innovation in the tech space will have to be part of these solutions. In a recent presentation, Palash Barandwaj, […]
Read MoreAMRs Move Dock-to-Stock Metrics in the Right Direction
Manufacturers, 3PLs, distributors, and retailers are under pressure to get goods picked, packed, and shipped faster than ever. Here’s the thing, though: it will be difficult to get orders out the door on time if raw materials or pass-through inventory aren’t processed efficiently. That’s why any conversation about improving outbound processes—especially when exploring automation as […]
Read MoreHow Location Intelligence Improves Supply Chain Management
The effects of the pandemic have strained the global supply chain, resulting in manufacturing and shipping delays that impact nearly every business that receives goods or ships products. It’s clear that supply chain management now requires an increasingly digitized strategy. That’s why companies should use real-world data, like location intelligence, to enhance their supply chains. […]
Read MoreSteering the Future of Autonomous Vehicles
Autonomous vehicles could reshape the trucking industry, presenting a solution to improve safety and can be a freight mobility multiplier to support supply chain efficiency and reliability. But a patchwork of state laws creates a hindrance to implementing emerging technology. Currently the United States has no federal guidelines for how autonomous trucking vehicles should operate. […]
Read MoreCut Carbon Emissions With Multi-Modal
The transportation industry is responsible for almost 30% of total U.S. greenhouse gas emissions, making it the largest contributor in the country. It’s also one of the largest opportunities for improvement. While many worry that going green might be expensive, sustainability and cost savings go hand in hand for shippers. Moving freight with a mix […]
Read More10 Ways KPIs Combat Disruptions
It’s essential to measure performance to create a competitive advantage and prepare for unpredictable events. Therefore, I have put together my “10 commandments” of key performance indicators (KPIs) to mitigate supply chain disruptions. 1. Make Sure KPIs Align with Overall Business Goals. What are your specific goals? Are those goals limited by staff hours or […]
Read MoreUsing AI for Critical Returns Management
In 2021, U.S. returns rose to $761 billion annually, up 10.6% from the year before. And with that, retailers must consider AI-based automated returns solutions to manage the influx. Artificial intelligence (AI) can tackle every aspect of returns processing, from shipping to disposition decisions to recommerce. It can also handle parts of the customer journey […]
Read MoreBuilding The Smart Supply Chain
With more objects embedded with sensors, and better communication, decision-making and automation capabilities, traditional supply chains are becoming more intelligent. The new “smart” supply chain presents huge opportunities for reducing costs and improving efficiency. Some refer to this concept as Supply Chain 4.0: the application of the Internet of Things (IoT), advanced robotics, and big […]
Read MoreGetting Value from Class C Suppliers
Smart purchasing departments focus on their Class A suppliers— the ones they use the most. However, many businesses spend a disproportionate amount of time and money on their larger group of Class C suppliers. Digitizing your supplier relationship management can flip this trend so that purchasing departments instead focus attention where it should be: on […]
Read MoreIt’s Time to Embrace Supply Chain Chaos
As someone who has worked in supply chain and logistics management for more than one decade, I find a duality in watching all the attention cast on our corner of the economy over the past year. On one hand, it’s nice to see society at large recognize the giant global operation behind making and delivering […]
Read MoreCompeting in the Age of Instant Delivery
Much of the instant delivery attention is on startups spending heavily to acquire new customers, while grocery chains and big box retailers also compete for visibility in the space. The one thing they all have in common? Knowing that consumers desire convenience and want their online orders delivered within hours, if not minutes. Serious challenges, […]
Read MoreGOOD QUESTION: Has the pandemic accelerated logistics outsourcing? Why or why not?
The use of third-party logistics has accelerated since the pandemic, with new opportunities in last-mile e-commerce and carrier collaboration. We have seen tracked orders between network shippers and logistics service providers (LSPs) grow 340% year-over-year. As markets continue to rebalance, shippers still seek flexibility, resilience, and sustainability from LSP collaboration and innovation. –Tony Harris SVP […]
Read More3PLs Show Off-the-Chart Growth
What accounts for the explosive growth of the 3PL sector this past year? The results of our 2022 3PL market surveys—through the Top 10 3PL Excellence Awards voting and Top 100 3PL Providers questionnaires—are striking: 84% of 3PL respondents showed significant growth in gross sales year over year, with 90% reporting profits are up. Nearly […]
Read MoreThe Road to the Circular Economy
As the world realizes that the linear economy is unsustainable, companies are under pressure by regulations, investors, consumers, and employees to lower their carbon footprint and transition to a circular economy.
Read MoreFighting Crime with AI
The pandemic has exacerbated the risks of these crimes in the past two years. There has been an explosion of new risks and challenges as fraudsters and traffickers have become increasingly skilled at falsifying documents, submitting false insurance claims, and finding funding to carry out crimes wherever they can. Organizations large and small are hard […]
Read MoreWhy Company Culture Has Never Been More Important
The Great Resignation has shone a fresh spotlight on company culture and how it needs to evolve. A recent survey of 31,000 workers across the globe found that 41% of employees—almost half of the global workforce—are considering quitting their jobs. With so many valued employees considering a change, a standout company culture is critical to […]
Read MoreIntegrating NFC and Blockchain
Counterfeit supply chains cost U.S. manufacturers upwards of $131 million, and the problem is growing amid supply chain shortages. This crisis is also exacerbated by a time of technological advancement—not only are supply chains carrying in-demand products, but they also house incredible amounts of data that are susceptible to breach. Of the many security threats […]
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