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Revisiting 2020
This was a year like no other for supply chain and logistics management. here’s what we’ll remember about 2020.
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Logistics Lexicon for the Times (Part 2)
BODFC Buy-online-deliver-from-curb model used for e-commerce fulfillment to minimize contact between consumer and retail employee. Demand distortion Significant, short-term change in product demand due to drastically different consumer behavior. Floating storage Using containerships to store product while weathering demand disturbances. Pivot Quickly execute a sharp move away from normal manufacturing or logistics operations to address […]
Read MoreLogistics Lexicon for the Times
Always responder Logistics professional who keeps goods moving at all times, including crisis situations. Replenishment algorithms If-then inventory scenarios that can be adjusted to ensure grocery supply chains can respond to surging demand. No-contact or contactless delivery Completing transport to a prearranged location without any face-to-face interaction. […]
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Supply Chain Workers: High Demand, Short Supply
Over the next decade, nearly 3.5 million manufacturing jobs will likely be needed and 2 million are expected to go unfilled due to the skills gap.
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