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Near Sourcing: Definition, Benefits, and Drawbacks
Near sourcing is a business strategy that has become increasingly popular in recent years. It involves shifting production and services closer to the point of sale or consumption rather than relying on global supply chains. It can offer numerous advantages such as reduced shipping costs, faster delivery times, and improved environmental sustainability; however, there are […]
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Supply Chain vs. Logistics: Definitions, Similarities, and Differences
As companies continue to grow, it is important to understand the differences between supply chain and logistics. Although related, the two have distinct attributes that can substantially influence how businesses manage their activities. This article explores supply chain vs. logistics – what they mean, how they differ from each other, and the integration opportunities. The […]
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9 Types of Air Cargo: A Guide To Transporting Goods by Plane
The ability to transport goods quickly, securely, and cost-effectively is crucial for many businesses. Air cargo offers a fast, reliable way of moving products around the world. It represents 35% of global trade by value to the tune of $6.8 trillion annually. This guide provides a comprehensive overview of the different types of air cargo, […]
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Inbound Logistics: Definition, Examples, and Process
Logistics is an essential aspect of any business, as it involves planning, organizing, and managing the flow of goods, services, and information from the point of origin to the point of consumption. It encompasses the entire process of sourcing raw materials, assembling products, and delivering finished goods to customers. Logistics can be divided into two […]
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Dangerous Goods: Definition, Regulations, and Classes
Companies ship various goods by land, sea, and air daily. Some are hazardous substances and pose severe effects if not handled properly. The dangerous goods regulations and guidance are strict and enforced by various government agencies and international organizations, such as the United Nations, to minimize the risk of accidents or ensure safe transport. Let’s […]
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Agile Supply Chain: What It Is, Benefits, and Applications
Supply chains can be complex and sensitive. A company can’t survive without a supply chain because it needs everything from raw materials to the final product. Many companies have established an agile supply chain to manage supply better, move goods quickly, and deliver them on time. This process is fundamental to those who produce physical […]
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What Is an ELD? The Benefits, Purpose, and Features of ELDs
Many businesses that operate a fleet of trucks or vehicles are required to have ELD or electronic logging devices installed in each vehicle. ELDs are intended to enhance the safety of professional truck drivers. ELDs are a convenient way to manage, track, and share data during driving and downtime. As technology continues to evolve, it […]
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Transloading: Meaning, Benefits, and Challenges
Transloading is a crucial component of supply chain management, as it helps to optimize the movement of goods and reduce transportation costs. It allows logistics companies to adapt to changes in demand and unexpected logistical challenges while shipments still reach their final destinations quickly and cost effectively. Let’s look at the meaning, benefits, and challenges […]
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What is a Straight Truck? Definition, Types, and Uses
Wondering what a straight truck is? A straight truck refers to a type of vehicle with a tractor-trailer in a fixed position. In other words, all the axles in a straight truck attach to a single frame. Usually, straight trucks look like do-it-yourself moving trucks and, in most cases, move housing supplies, boxes, furniture, refrigerators, […]
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Logistics Planning: Definition, Types, Importance, and Strategies
Have you ever been to a business that looked neat and orderly at first glance, but behind the scenes it was a different story? It’s easy to present as a well-oiled machine in the front office, but if you neglect business processes at other levels, you’re in trouble. Logistics planning can help you fire on […]
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