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Cost Reduction Strategies in Supply Chain: Guide

Logistics Bureau

If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. For instance, oil prices were relatively low during the period between 1984 and 2004, while labour and technology costs changed more quickly. Cost savings flow directly to the bottom line.

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This Week in Logistics News (September 24 – 30)

Logistics Viewpoints

since 2004, hit an all-time high of 4,586 points in late March. This sounds like another example of supply chain whiplash (start and stop) to me. American Shipper reported that indexes measuring container-ship rental rates are now dropping rapidly. The Harpex index, published by brokerage Harper Petersen & Co.

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Toilet paper and total war – the psychology of shortages and what it means for resilience

Logistics in War

The difficulty experienced in obtaining basic household products – toilet paper for example – as consumers buy in preparation for a state of quarantine that may never come, as trite an issue as it may be, starkly demonstrates how critical human behaviour is in the calculus. The ADF has experienced this ‘tradition’ in the past.

Military 143
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Limping to war

Logistics in War

– Chief of Army LTGEN Peter Leahy, 2004 [1]. An unprepared military offers political leaders few options, corrupts strategy, is inefficient and ineffective, and poses a national risk. Supplying War , 2 nd edition, Cambridge University Press, UK, 2004, p 236. [7] 3] Galvin, T., 4] Betts., 6] Van Creveld, M.,

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[INFOGRAPHIC] Attracting Millennials to Manufacturing: Understanding Millennial Experience in Order to Gain Talent

GlobalTranz

For example, a position as a welder, which may be involved in manufacturing, sounds much more lucrative as a “metal repair shop” than a “mass-production manufacturer.” In 2004, Facebook was founded, and the future of inter-connected millennials would never be the same. Role of Social Media. Click for Larger Infographic. From [link].

Ordering 108
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Two Million Vacant Manufacturing Jobs by 2025…How Can We Tackle the Skills Gap?

GlobalTranz

Industry data for 2004 - 2013 shows an annual loss of at least $17 billion due to vacant positions, with shocking losses of around $45 billion in both 2012 and 2013. For example, job training grants totaling $450 million were distributed among approximately 270 community colleges in 2014. Improving relevant education — The U.S.

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Applying History’s Lessons to New Resiliency Plans

CH Robinson Logistics

Due to lean inventory strategies, many manufacturers only keep 15-30 days of inventory on hand. However, we saw similar supply chain outages associated with the 2004 Tsunami in Thailand, Hurricane Katrina in 2005, and Japan’s earthquake and Tsunami in 2011. Superstorm Sandy was uniquely catastrophic.