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Supply Chain Commentary: How to Reduce Supplier Inventory Costs
Managing supplier goods can be a complex process with multiple stakeholders. You have planning that drives forecast and production scheduling, and procurement that purchases materials based on forecasts. Operations oversees the flow of incoming goods and warehouse management receives inbound shipments. While the titles and roles may vary among organizations, the basic supplier workflow is […]
Read MoreChina Ups Delivery Service to the U.S.
Two leading express companies are joining forces to leverage their complementary networks, service portfolios, technologies, and logistics expertise. China’s Ministry of Commerce approved a planned joint venture between UPS and SF Holding, the parent company of SF Express. The agreement allows UPS and SF to collaborate on developing and providing international delivery services from, initially, […]
Read MoreHow AR Can Take the Sting Out of Seasonal Surge Training Costs
Every holiday season, warehouses expand their workforces two times or more to handle peak retail demand that can make or break the entire year. Time spent training and upskilling temporary employees is typically under two weeks for 90 days of work, while many warehousing organizations rehire a good portion of the same seasonal workforce year […]
Read MoreMore Temperature-Sensitive Medicines Moving by Ocean
Over the years, the ocean freight market has been fraught with capacity and wildly fluctuating rates. By 2016, the market underwent a series of consolidations including a bankruptcy of a major container carrier. In addition, rates fell to historic lows but began to recover towards the end of the year. Meanwhile, air freight rates remain […]
Read MoreDebt: A Rising Risk in Your Supply Chain
Of all the sources of risk supply chain managers face on a daily basis—cargo theft, natural disasters, long lead times, and unpredictable demand—none is currently at an inflection point quite like debt. This topic was addressed in a recent webinar by two leading authorities on corporate financial health: Dr. Edward Altman, Professor of Finance, Emeritus, […]
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Supply Chain Commentary: What Shippers Need to Know About Market Tightness
After a two-year slide in transportation prices, the logistics sector is experiencing capacity constraints and historically high and enduring truckload volumes. As we head into peak shipping season, rates have been rising significantly, particularly in the wake of hurricanes Harvey and Irma. Shippers can expect this trend to continue into 2018. The market isn’t likely […]
Read MoreSurvey: Customers Place a High Priority on On-Time Holiday Shipping
27 percent of U.S. customers would rather get a root canal than have personal holiday shipments come late, according to a DHL holiday customer survey that reveals on-time shipments are a high priority. The survey helps to better understands customer trends and challenges this holiday season, and uncovered key business priorities for the holidays, and how they […]
Read MoreDos and Don’ts for Storing Temperature Sensitive Medicines
The UK Medicine and Health Products Regulatory Agency (MHRA) identified crucial mistakes in how wholesalers source and handle freezers and fridges used to store medicines. MHRA says the main metrics to measure when sourcing GDP qualified equipment are: The purpose – is it to store cold packs to be used in transit or to host frozen products? Temperature bracket required Capacity […]
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Is Supply Chain Planning Right for the Cloud?
The explosive growth of data that today’s supply chain teams must manage creates challenges even for the most seasoned professionals. Manufacturers, retailers, and distributors need agile systems that help manage and simplify complexity. However, one of the biggest hurdles today’s organizations face is gaining executive approval to implement an advanced supply chain planning system. Is […]
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Panama Canal Expansion Hits the Big Time
Two Great Pyramids of Giza, four Big Bens, eight Statues of Liberty. Lay them end to end, and you’ve got the equivalent length of the CMA CGM Theodore Roosevelt, the largest capacity vessel to ever transit the Panama Canal’s expanded locks. At 1,228 feet long, the Neopanamax containership has a total capacity of 14,414 TEUs. […]
Read MoreFacts About Friction
The average U.S. business loses $171,340 per year through clunky payment practices causing friction in their supply chain, according to new research by Tungsten Network. This equates to almost 6,500 man hours spent chasing purchase order numbers, processing paper invoices, and responding to supplier inquiries. Businesses estimate they spend an average of 55 hours per […]
Read MoreSupply Chain Commentary: Out Darn Spot! Out, I Say!
The comic Steven Wright once joked, “I spilled spot remover all over my dog. Now he’s gone.” For shippers who regularly leverage the spot market, it’s been a buyer’s market the past few years. One shipper I’ve worked with saved more than 9 percent on freight spend simply by moving away from only using brokers […]
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Urban Logistics: You Can’t Fight City Haul
The impact of urbanization—population increases in cities and towns as opposed to rural areas—on business growth and sustainability concerns nearly all companies surveyed in The Road to Sustainable Urban Logistics, a new report by UPS and GreenBiz Group. However, only 47 percent feel prepared to address the associated business challenges, according to the survey. Further, […]
Read MoreWhy the Rise of the 4PL Is Good News for Your Business
On-demand delivery, trade uncertainties, siloed information…for today’s supply chain managers, the list of concerns is long. Current industry and geopolitical trends are complicating matters further. Companies are juggling more products and suppliers, leaving supply chains increasingly vulnerable to disruption. In the grocery industry alone, the average number of SKUs skyrocketed from 9,000 in the 1970s […]
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Manufacturers Take to Technology, Automation
Driven by globalization, intensifying competition, and rising customer demand for more options and higher quality products, a connected plant floor has become a necessity. As a result, manufacturers are adopting the Industrial Internet of Things (IIoT) to enhance visibility and improve quality, with the number of organizations achieving a fully connected factory expected to rise […]
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Staffing Your Warehouse: Addressing Hidden Risks
The warehousing sector and staffing industry depend on each other. In fact, they are so closely tied that the Department of Labor often considers warehouses and staffing companies “joint employers.” The rules for being a joint employer significantly increase the risks and exposures otherwise thought to be transferred to the staffing agency. Payroll Taxes Did […]
Read MoreWater Works
Unmanned surface and underwater vessels will dominate maritime activity in the United Kingdom and across Europe over the next decade, according to a new report on the future of autonomous maritime systems. Networks of autonomous surface and underwater vessels are set to radically change the nature of maritime operations, according to the follow-up to Global […]
Read MoreNew IoT Tools Enable Greater Visibility Into Complex Supply Chains
Shipping high-value goods is risky business. Supply chains are complex, and getting more complex by the day. More complexity means more surprises, and most supply chain managers don’t like surprises. Every year, pharmaceutical companies spend $30 billion replacing shipments that have been damaged due to temperature excursions. Cargo loss in other industries accounts for an […]
Read MoreU.S.-Cuba Trade: The Intersection of Sanctions, Sourcing, and Compliance
With the changing diplomatic ties between the United States and Cuba, and expectations for the new administration to redraw U.S. policy toward Cuba, many involved in international trade are unclear of the sanctions status of trade with the island nation. The country is still embargoed and, at a practical level, for most all products, normalized […]
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