Articles

Supply Chain

Polish Up That Crystal Ball

Polish Up That Crystal Ball

Making informed decisions that impact all aspects of the supply chain requires access to quality, actionable information. While it’s not possible to accurately predict the future, BlueGrace Logistics’ Logistics Confidence Index (LCI) examines expected revenue growth for upcoming quarters and how shippers can adjust based on those expectations. The LCI shipper survey measures expected industry […]

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Reviewing 2022 Shipping Challenges

Reviewing 2022 Shipping Challenges

How did shippers respond to challenges in 2022 and how do they plan to respond in 2023? That’s what Averitt’s eighth annual State of the North American Supply Chain Survey set out to discover. The survey asked 1,800 shippers about supply chain challenges in 2022 and measures their interest in various supply chain services moving […]

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Many Supply Chains Still in the Dark

Many Supply Chains Still in the Dark

Although technology innovations help shed light on additional insights into supply chains, some knowledge gaps remain. Up to 80% of executives responding to Verusen’s 2022 State of Supply Chain Management report say they can’t digitally track the movement of direct and indirect materials across their enterprise, which suggests that many companies may lack the technology […]

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How to Avoid Paying Ransom

How to Avoid Paying Ransom

It is no great secret that cyberattacks are on the rise, and recent data suggests supply chains are no exception. A 2022 NCCGROUP survey shows that supply chain organizations experienced a 51% increase in attacks within the six months preceding the survey. The first step in addressing this risk is acknowledging that it exists. The good news is this should be a relatively easy step, especially compared to what comes next.

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Get Closer to the Action With Onshoring

Get Closer to the Action With Onshoring

Supply chains are the lifeline of globalization. In the years leading up to the pandemic, western companies routinely outsourced production to suppliers in lower-cost economies around the world. However, the seemingly never-ending string of supply chain disruptions over the past two years highlighted the fragility of complex and dispersed supply chains.

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Waste Eats Away the Bottom Line

Waste Eats Away the Bottom Line

Overproduction and waste may push margins in the wrong direction. A recent Avery Dennison report finds that 8% of stock perishes or is discarded before it reaches consumers–inventory losses worth up to $163.1 billion or 3.6% of annual profits. Of the 8% waste, slightly more than half (53.8%) is lost in the supply chain before products reach store shelves.

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How to Unlock Opportunity With a Procurement Control Tower

How to Unlock Opportunity With a Procurement Control Tower

With market volatility and sky-high inflation driving shifts in the price of oil and other commodities, it’s not surprising to see businesses adjust sourcing and inventory strategies in anticipation of future roadblocks. Plus, with consumer demand softening, many companies that largely over-indexed on orders last year are now sitting on a surplus of supply.

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