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As industries evolve and global markets expand, ethical considerations have become central to supply chain compliance. Balancing Cost-Efficiency with Ethical Sourcing and Compliance Cost-efficiency remains a primary driver for supply chain strategies, but it must be balanced with ethical sourcing practices.
Global Trade Compliance Is Not Showing Signs of Slowing Down Any Time Soon The Global Trade Compliance market is experiencing steady growth and is expected to continue this trend over the next five years. I have recently completed the latest ARC Advisory Market Analysis on Global Trade Compliance, available here.
At the recent ARC Forum 2025, Rachelle Howard, Director of Manufacturing Systems Automation and Digital Strategy, showcased how Vertex strategically blends advanced technology with a strong people-focused culture to boost manufacturing and supply chain agility. However, technology was only part of the story.
manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcing strategy. Lets break it down with some examples that hit home: Supplier Diversification : Reflecting on the disruptions caused by the pandemic, companies heavily reliant on Chinese suppliers faced significant challenges.
Jackson Wood, director of industry strategy for global trade intelligence at Descartes. I’m kicking off some research and writing on global trade compliance. Mr. Wood believes there is a significant trend that is occurring with respect to the trade compliance department in companies. Both are leaders in this market.
DPPs provide a streamlined, digital way to document a product’s lifecycle, making it easier to ensure compliance and improve transparency. Let’s explore how DPPs are impacting regulatory compliance, preparing for future rules, and encouraging industry collaboration.
Service sectors like commercial cleaning, physical security, pest control, lawn care and landscaping operate at the intersection of labor, compliance and financial policymaking them especially sensitive to shifts in federal priorities. As a result, security firms might need to adjust their pricing strategies to maintain profit margins.
A nuanced understanding of these elements is critical for informed decision-making, thus let’s examine current costs, challenges, and potential strategies and offer a realistic perspective on the possibilities of space freight logistics. This fragmented regulatory landscape complicates planning and increases compliance costs.
Image source: iStocks | The Ultimate Guide to Fleet Management: Strategies to Control and Optimize Your Processes Investing in a fleet management system results in an improvement in internal processes, which directly reflects the quality of the service provided to the end customer. Speak with 3PL Links to maximize your fleets performance!
And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. For example, the U.S.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions. Learn more at InterSystems.com/DataGateway.
The global trade compliance market is one crazy market. The market grew by double digits year over year, yet there is no standard user and consequently there is no common understanding of what the end-to-end global trade compliance process should be. At SAP their solution is developed by their governance risk and compliance team.
For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Regulatory demands, rising consumer expectations, and global challenges such as climate change and social inequality have made sustainable practices a strategic priority.
For stakeholders navigating this environment, understanding key industry drivers, challenges, and future trends is critical for crafting effective strategies. For example, the global logistics automation market is expected to grow from $50 billion in 2023 to $120 billion by 2030, according to Allied Market Research.
For example, with a data gateway, a supply planner gains accelerated access to customer orders, inventory levels, and transportation schedules, all in one place, to increase the user experience of making the right choice to identify inefficiencies and make better, more informed decisions. Learn more at InterSystems.com/DataGateway.
One powerful strategy that has gained traction is outsourcing logistics to a third-party logistics (3PL) provider. For example, a mid-sized e-commerce company that partnered with a 3PL was able to reduce its shipping costs by 25% thanks to the provider’s bulk shipping agreements.
The prevailing strategy was to produce goods in low-cost countries and distribute them globally, optimizing for economies of scale. These events highlighted the urgent need for diversification and risk mitigation strategies across global supply networks.
This article explores the key drivers of reshoring, the rise of regionalized freight networks, evolving market trends, and how companies can optimize logistics strategies in this new landscape. As compliance costs rise, freight rates are expected to adjust accordingly. Real-time data analytics to improve logistics strategies.
A resilient and agile supply chain strategy is not just a prudent choice—it’s a necessity, especially within the context of chemical supply chains. Investing in Supply Chain Ensuring supply chain resilience is paramount for chemical companies, not only for operational efficiency but also for regulatory compliance and risk management.
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. Common examples of Supply Chain Disruptions So what are the main reasons that you need to consider supply chain resiliency in the first place?
For example, an ERP for automotive distributors needs to include not just a standard sales function but also allow for automotive-specific processes like call-offs and contract pricing, as well as other processes like returns and lot traceability. This ensures quality and compliance with regulatory requirements.
Top Challenges Faced by Companies: Customer Preferences: Example: An online fashion retailer faces the challenge of constantly changing customer preferences. They design their supply chain on a continuous basis and focus on ecommerce retailing strategies that segment their customer base according to buying behavior.
Emirates Sky Cargo has implemented Firco Trade Compliance , an Accuity solution that efficiently screens shipment documentation (such as airway bills) against sanctions, dual-use goods, and regulatory watch lists, within a single interface.
They could also be dealing with: Demands of a growing workforce; More diverse customer needs; Business intelligence requirements; Keeping the supply chain running; New competitors; New compliance responsibility; Keeping the business culture intact. Another example of using software to automate tasks is a social media management dashboard.
Competitor intelligence: Distribution strategies and network designs of your competitors. Regulatory/Legal Compliance: Customs regulations, safety standards, and labour laws. Its worth remembering, for example, that secondary distribution tends to generate higher transportation costs than primary distribution.
Practices like multi-factor authentication and setting specific authorization levels for different users are key components of a robust security strategy. It’s critical to discuss the provider’s protocol for responding to security incidents, their incident response plan, and their disaster recovery and business continuity strategies.
In order to meet some requirements, for example, of customers or corporations, the resources managed in logistics can include tangible items such as food, materials, equipment, liquids and stuff as well as abstract items such as information, particles and energy. What is Logistics?
Shippers often forget about the possible savings through an effective inbound logistics strategy. Reducing Costs in Shipping with a Focus on Inbound Logistics Strategy. While some vendors might disagree with plans to implement and inbound shipping strategy to reduce your costs, remember that you must look out for your company first.
What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.
From remanufactured electronics to reverse logistics strategies that give products a second life, leading companies are proving that sustainability isnt just good for the planet its also good for business. H&Ms Garment Collecting Program is a perfect example of reverse logistics in action. from 2023 to 2030.
For example, utilizing a collaborative logistics platform that brings together all existing supply chain systems of record to create a single pane of glass is one opportunity to leverage a better communications channel in managed inventory strategies. Think about it. An increased likelihood of acceptance of tenders by LSPs.
Such technology, for example, can help organizations identify the fastest, cheapest, and most sustainable shipping routes. Using an ERP system manufacturers can make their supply chains more efficient for example tracing every product from raw material to finished product to ensure it’s sustainable while reducing waste.
For example, logistics companies are to employ Level 2 and 3 autonomous vehicles that assist drivers by adjusting speed and steering based on road conditions. For example, logistics companies operating older fleets are faced with upgrading their vehicles to meet the requirements of SAE J3016 standards for automation.
Trucking companies need to manage many layers of safety and compliance, and while insurance is just one of them, it’s also among the most important and expensive. But that depends on the quality of the carrier’s safety and compliance operations and giving insurance providers additional transparency (more on that to come).
Specifically, more retailers are now developing and deploying vendor compliance programs for their suppliers to manage the business on pre-determined conditions. Apparently, retail compliance programs will soon be used by even small retailers, so it’s crucial to understand the goal of supplier management and how it works.
We first did an overview of the 10 areas of strategy a shipper must know in order to stay competitive. Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. The essence of strategy is choosing what not to do. ” ― Michael E. Vendor Compliance Programs.
Plenty of examples of warehousing. Perhaps the most prominent fulfillment center example is Amazon’s fulfillment centers. Can be complex, challenging, and expensive to arrange cross-border cargo, including passing customs permits, license requirements, compliance, and other permissions. Their pros and cons. Let's dive in!
There are a few different ways to go about the big move, so it’s a matter of choosing the strategy that keeps your sales and fulfillment operations flowing smoothly throughout the transition. Most companies employ one of the following three strategies: Strategy 1: “Hard Switching” from Your Previous 3PL. Taking the Plunge.
Routing Guide Compliance: The frequency that the routing plan is being followed. When glancing across the different metrics, routing guide compliance may also reflect a decline, which means the load planners are deviating from the established routing plans in order to cover freight.
Tailor a mini-bid strategy that plays to your strengths and protects your weaknesses. And while contract rates are more stable, prevailing market conditions will affect routing guide compliance and the available capacity of contracted carriers. Truckload spot prices can move up or down by 40% within a single calendar year.
Most shippers have existing vendor compliance programs in place within their vendor inbound logistics guide. Meanwhile, the importance of vendor compliance has grown more than ever as supply chains expand, explains Lisa Terry of Inbound Logistics, and companies look to trim the fat and optimize workflows to gain a competitive advantage.
The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.
What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.
Managing a fleet in-house can be expensive, requiring investment in vehicle maintenance, driver training, and regulatory compliance. Fleet management companies are also well-versed in regulatory compliance and have systems in place to handle licensing, safety, and accident management.
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