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Just as your body needs multiple defense mechanisms to fight off illness, your supply chain needs various strategies to handle disruptions, whether they’re local supplier issues or global crises. Let’s look at five proven strategies that can help you create a more resilient supply chain.
If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.
In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. This enables 3PLs to optimize inventory levels, reducing the risk of overstocking or understocking, even in uncertain economic times.
This article will explore the role of pest control drones, highlighting their advantages, challenges, and impact on the industry. We will discuss case studies, future trends, and guidelines for businesses considering whether to invest in this cutting-edge technology.
At Logistics Viewpoints, we have written about how companies are looking to reduce carbon emissions, especially when it comes to transportation. As the world’s largest retailer, with a world-class transportation network, we have the ability to make a meaningful difference when it comes to reducing greenhouse gas emissions.
Data for the BlueGrace Logistics Confidence Index is aggregated through a survey of shippers and reflects all freight transportation modes, while correlating growth or shrinkage to the overall industry volume of shipments and the price of products, according to BlueGrace. READ THE FULL ARTICLE
With that question answered, I’m giving the rest of this article over to highlighting several business and supply chain issues, which, if you are experiencing them in your enterprise, are potent indications that CTS analysis should be on your agenda —for execution at the soonest. We’ll begin with a look at pricingstrategy.
Retailers and wholesalers are trying to put the brakes on that shift, changing inventory and transportation strategies to minimize costs and slow down rather than speed up supply chains, according to BlueGrace Logistics, which produces a quarterly LogisticsConfidence Index (LCI). READ THE FULL ARTICLE
Implementation of sound e-commerce fulfillment strategies is necessary for the age of online funding, social media customer awareness, and interactivity. Study participants represented manufacturing, retail, food & beverage, pharmaceuticals, and other industries.
In a study of logistics providers conducted by Fraunhofer IML, only 36% of organizations reported that they had a clear overall plan for digital transformation. Fifty-two percent of respondents are working on individual digital projects but lack an overarching strategy that links all these efforts.
With gasoline prices reaching record highs , transportation managers must make smarter decisions that minimize road miles and associated costs. In a study commissioned by Blue Yonder, it is estimated that a typical $10 billion company can save $14.1 The study predicts that a $10 billon company can realize over $31.2
The tips in this article will help you know how to identify the customers, products, and processes that might be inflating your cost to serve (CTS) unnecessarily. Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Customer behaviour.
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
This article aims to explore the complex nature of the relationship between inflation and exports, highlighting the potential impacts and mechanisms at play. Inflation can have a direct effect on export pricing dynamics. As a result, exporting firms may face challenges in maintaining price competitiveness in international markets.
We continue our series on the most read articles from the Cerasis blog for 2015 today by featuring any of the blogs in the transportation management or transportation categories. . We've already listed the top 10 manufacturing articles, the top 10 supply chain articles, and yesterday, the top 10 logistics articles.
a How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 In the realm of ever-fluctuating food prices, a pragmatic revolution is quietly taking place in the shopping carts of budget-conscious consumers.
The High Cost of Ignoring Delivery Optimization Failing to utilize technology for optimizing delivery processes comes with a steep price. Studies show that 88% of consumers have abandoned online shopping carts due to unsatisfactory delivery terms, and 85% of customers will not shop with a retailer again after a poor delivery experience.
ARTICLE SUMMARY. For instance, the Chief Procurement Officer will lead the sourcing process, develop the procurement strategy, identify potential suppliers, and manage short and long terms goals. Members of the Sourcing Team are charged with finding out who’s in the market, who can do the work, and at what price.
Q1 optimism seen in BlueGrace Confidence Index Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - December 11, 2023 The recently-released edition of the BlueGrace Logistics Confidence Index issued by Tampa, Fla.-based READ THE FULL ARTICLE
The Supply Chain of Mother's Day Flowers Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - May 9, 2023 Mother’s Day is a special day to celebrate and honor mothers around the world. What’s in the article: How are Mother’s Day flowers shipped?
Many studies state that those who can manage the functions with the supply chain, they have a competitive advantage. In this article, Professor Burcu Keskin from University of Alabama will share 7 supply chain trends that working professionals should watch. Reducing the dependence on a sole supplier is crucial in managing risk.
Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.
Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? Amazon did not invent the random storage approach. Book your free consultation.
Is it a good idea to reduce working capital in a supply chain? As a result, if you can get paid by your customers before you have to pay your suppliers and reduce inventory to boot , your current assets can be reduced to below your current liabilities. Levers for Reducing Working Capital. Yes, in general.
Additionally, some owners believe that up-charging customers and inflating prices is an effective strategy because it gives the appearance of legitimacy and quality. However, studies have found that this is not the case. If you price your services too high, you can end up driving customers away. Will it be by story?
Bottom line, it’s great to say you want to have a commerce-enabled site, but before jumping to the technology stage, what is your strategy? The Cerasis “e-commerce” blog category has great articles on developing your strategy. From reverse logistics to pricing, and finally, some solutions. . Differentiation.
Multichannel to Omnichannel You’ve heard us talk about a multichannel sales strategy before, and we’re happy to say that most of our ecommerce clients are already doing this. In 2024, we expect to see more brands moving from a multichannel strategy to create an omnichannel experience for their customers.
In this article, we explore how these AGVs are changing the warehouse industry by minimizing human error, reducing labor costs, and setting new standards for productivity and safety. By taking over repetitive tasks from humans, AGVs cut down on workplace injuries caused by overexertion or human error. Let’s dive in!
Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and.
In a recent article published in Mundo Logística , Tereos’ Logistics and S&OP Executive Manager, André Margoto , shares valuable insights on how agribusiness companies can use optimization models in (near) real-time to inform planning decisions and bolster their S&OP process. Many of these factors are difficult to control and predict.
In this article, we explore how these AGVs are changing the warehouse industry by minimizing human error, reducing labor costs, and setting new standards for productivity and safety. By taking over repetitive tasks from humans, AGVs cut down on workplace injuries caused by overexertion or human error. Let’s dive in!
How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 Market conditions play a crucial role in shaping challenges professionals face when managing their organization’s supply chains.
Girl Scout Cookies Crumble Under Supply Chain Woes Show Submenu Resources The Logistics Blog® News Press Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics For some Girl Scouts and their bake sale fans, it’s shaping up to be another tough cookie season. READ THE FULL ARTICLE HERE
Their job is to: Match your freight with the right transportation solution Negotiate competitive pricing Handle paperwork and compliance Track progress from pickup to delivery Solve problems before you even notice them In other words, they turn chaos into coordination. This reduces delays and improves decision-making.
In addition to satisfying conscientious consumer demand, eco-friendly efforts can benefit your ecommerce business by reducing waste within your company and improving operational efficiencies. Translation: these ecommerce businesses have operating standards that minimize or reduce negative impact on the planet. We have proof.
In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Fast forward 5 years, and ARC’s 2019 base-year study estimated the market at $11.9 One of my predictions within that article is that inflation will hinder supply chain resiliency efforts.
The index correlates growth or shrinkage to overall industry volume of freight shipments and product prices. “We Based on the sentiment for inventory, there’s going to be some inventory replenishment , but most likely, shippers are going to be shifting to a more conservative inventory management strategy,” Lockard told Sourcing Journal.
The CFO is also responsible for identifying opportunities to reduce operating costs without sacrificing the quality of the products and services offered by the company. But is it a good strategy to wait for things to go wrong to ask the CFO to step in? But is it a good strategy to wait for things to go wrong to ask the CFO to step in?
7 Ways You Can Reduce Costs on Imports If your company is doing any cross-border trade, you have to carefully manage operational costs like transportation charges, insurance, duties, taxes and warehousing expenses. When was the last time you studied the charges on the invoice from your Customs broker? Free Trade Agreements (FTAs).
In this article, we will break down a major factor that affects transportation costs: the differences between less-than-truckload (LTL) and full-truckload (FTL) services. At BlueGrace, we work with shippers on a case-by-case basis to help determine strategies that fit business’ specific needs.
Here are some excerpts from her article : BLS researchers parsed agency data on U.S. The report, “Truck Driving Jobs: Are They Headed for Rapid Elimination?” of America [that] said higher shipping costs cut into its adjusted profit by 4 cents a share in the fourth quarter.”. The American Trucking Association says there are 3.5
You then set a sales price for that product. Your sales price minus your production cost is your overall profit or margin; at least, before allowing for further expenses. The real value of knowing your Cost to Serve a given customer is to identify opportunities to increase or recover profit, rather than cut losses.
It’s about assessing the costs your suppliers incur when delivering to your business, which can significantly impact your strategy, pricing, and overall efficiency. Because it can enable you to developed strategies such as, you know, reverse logistics and get the pricing right. It’s critical to know. How did it go?
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