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It would be tempting to think of reverse logistics as forward logistics done backwards. Reverse logistic isn’t simply a reverse gear. Reverse logistics can also have a dramatic effect on steering a company’s fortunes. Reverse logistics is therefore worth doing, and worth doing properly.
The theme this year was “Chart Your Course” which Richard Stewart, EVP Americas at Körber Supply Chain pointed out, is all about overcoming supply chain complexities and challenges. The three pillars work together to help Körber customers chart their course for success.
How would you characterize this year so far, from a supply chain and logistics perspective? It depends on whom you ask, of course. I’m sure many carriers, for example, are not celebrating the first half of the year. Better or worse than expected? Any surprises?
Whether that is the case or not, a brief study of the origins and progression of fleet route optimisation, covering the last three decades or so and looking forward to the near future, highlights in a spectacular way how technology, in particular, has revolutionised the business of logistics. Is Your Fleet Routing the Best It Can Be?
At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. For example, a buyer might say, “You only shipped me 800 of the 1000 products I ordered.” The post Key Takeaways from SAP Spend Connect Live appeared first on Logistics Viewpoints.
Many people get confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Still, in this article, I will help you evaluate the need for supply chain and logistics KPIs in your organisation, and identify which types of measurement might be most appropriate. Which ones to use?…
In the fast-paced and consumer-driven market, logistics is more than just delivering products. One crucial yet often overlooked aspect of the supply chain is reverse logistics. Lets explore what reverse logistics entails, why its important, and how businesses can optimize it. What is Reverse Logistics? Why Does it Matter?
So everything in the retailer’s Supply Chain strategy needs to be focused on the customer, and of course the shareholders, that goes without saying. Well that of course depends on the type of retailer we’re talking about. Quality is of course a given. Next we have the inbound logistics costs. Often 60-70% of total sales.
Charley is the Vice President of ZEBOX AMERICA, an international incubator and accelerator of innovative startups focused on two sectoral areas: transport, mobilities, logistics and industry. ZEBOX focuses on two sectoral areas: transport, mobilities, logistics and industry X.0 About Charley Dehoney. on the other hand. ? About ZEBOX.
Of course, like most peoples reaction to tariffs, the colonists didnt like that idea. For example, when colored TVs first hit the market, the prices for Australians were virtually unaffordable. These are just some of the many examples of tariffs in history. Of course things change, but some fundamentals stay the same.
1] This Plan provisions $11-$15 billion dollars in ‘additional logistics centres and capacity’ amid other investments that contribute to Defence’s ability to respond to contingencies, crisis and conflict. [2] 2] This is the largest, single-hit, planned investment in Defence’s logistics capability and capacity since the Second World War.
In the supply chain arena, the need to make course corrections is exploding. The platform has thresholds that say, for example, “If the dollar value of orders changes a little, that doesn’t matter. The post Executives Exploring AI Need to Understand Data Fabrics appeared first on Logistics Viewpoints.
Of course, it can add up to a vast pool of data, so realistically, access to advanced modelling and analytics tools will be essential to get the most value from it. Its worth remembering, for example, that secondary distribution tends to generate higher transportation costs than primary distribution. Getting Complicated?
To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. Shipping Business = the act of carriage of cargo from point A to point using the ships which falls under the Maritime industry.
For example, the rapid increase in the price of oil to over $100 a barrel for WTI is sure to result in additional inflation in our current inflationary environment. Of course, fuel shortages can cause factory production delays that can subsequently hinder downstream production processes. Beyond Fossil Fuels. Then There is Cyber.
Cyber attacks continue to evolve and create significant risks for business owners in today’s digital work environment – and the logistics industry is no exception. Understanding the severity of these cyber threats is essential in keeping the logistics industry well-prepared. Invest in IT Security Awareness Training.
And now on to this week’s logistics news. Vessels are expected to seek shelter/alter their course to avoid the impacted areas,” Maersk, the world’s No. For example, the grocer released its first report on corporate social responsibility efforts last year. An earlier system included waves peaking at 10 meters (32.8
For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. Of course, we may still experience more factories in Asia not operating at 100 percent capacity, further trucking shortages, port issues, etc. However, the efforts to slow down inflation in the U.S. Furthermore, T.J.
The Department of Commerce lists warehousing companies, but of course, most warehouses are not owned by third party logistics or public warehousing companies. Because I cover logistics, those warehouses are out of scope. So perhaps the best number for logistics warehouses is DOE’s 725,000. However, this is old data.
Of course, this enormous spike in volumes puts retailers’ supply chains and distribution networks under extreme pressure. For example, a system such as the 3D vertical sorter from Libiao Robotics enables retailers to handle exceptional volumes of items even at peak times. billion (€120 billion). billion (€28 billion).
Of course, Amazon is investing heavily in its infrastructure and working toward market share gains, likely in detriment to earnings. Nike’s 2020 earnings are another example of costly e-commerce operations’ impact on the bottom line. As does reverse logistics (returns). GXO Logistics is taking its investment to the next level.
For example, they might browse products online, but visit a brick-and-mortar store to finalize their selection. Navigating an Increasingly Challenging Logistics Landscape. It’s challenging for logistics providers to keep up, even in perfect supply chain conditions. due to the higher costs associated with online selling.
What is reverse Logistics? Before we dive in the nuances of reverse logistics, otherwise known as return logistics, integration, let's briefly recap what reverse logistics is. Reverse logistics refers to all operations related to the reuse of products and materials. Managing return logistic can be challenging.
Of course, the investment is intended to impact the bottom line, but when employees feel that their organization cares about them and wants to make their lives better, they want to reciprocate and are more invested in the organization’s success. To simplify the issue, just think about how you can help current employees be successful.
Whereas online courses and programmes were previously managed as a separate entity, they are now an integral part of most academic systems. The study showed that upwards of 30 percent of American students enrolled in at least one online course in 2018. Online courses are the quickest path for a student to obtain a degree.
The most famous shortage, of course, was the toilet paper shortage, which was really more about a shift in usage and panic buying than production. And now on to this week’s logistics news. The post This Week in Logistics News (April 3 – 9) appeared first on Logistics Viewpoints. That’s all for this week.
That said, a future in which smart machines can make decisions on their own (with a touch of human guidance, of course) could be closer than we think. For example, machines would have no way of understanding the COVID-19 pandemic, and the corresponding decline in sales for most businesses. Enter cognitive automation. .
The American and Canadian militaries believe that the balloon was for surveillance, while the Chinese government said it was a civilian meteorological research airship that had blown off course. And now on to this week’s logistics news. By acquiring GroundCloud, which was officially known as Windigo Logistics Inc.,
And even if there’s an imbalance, good forecasts allow organizations to course-correct before a real problem emerges. At the end of August, for example, 44 container ships were stuck outside of the ports of Los Angeles and Long Beach in California. Add this year’s estimated 8.0% Planning is King.
Of course, this was an exaggeration, but it illustrated his point well. “ Of course, fiber optic land lines offer greater bandwidth. Most examples of warehouse robotics adoption in China are at operations in support of domestic consumption and these examples are predominantly consumer goods retail fulfillment operations.
3PL stands for third-party logistics, and at a glance a 3PL partner provides eCommerce brands with solutions to their fulfillment needs. We’ll cover all that and more in this guide, starting with an explanation of the difference between a 3PL and other types of logistics and fulfillment avenues available. So let’s talk PLs 1 – 5.
For freight brokers and third-party logistics providers, efficiency is king. And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. For logistics companies, ease of use matters.
In warehouses, for example, one solution is labor management. Labor management systems break the work down into very granular activities, set targets for doing those tasks in an allotted period of time, and measure how workers do against the time standards over the course of the day. They are not.
As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supply chain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. From Fuel to Fertiliser, Supply Shortages Start to Bite. Even if You Can Buy it, Can You Move it?
For example, customs-related delays are often due to paperwork or procedural errors due to inexperience or neglect. Here are some of the most significant issues that make importers’ jobs more challenging, and how Dedola Global Logistics views and addresses them. Although most shipments are seamless, some will face challenges.
Now of course, companies must map out the potential impacts of the Russia Ukraine war. shale or Iran, for example. In the US, for example, natural gas accounted for 40% of total utility-scale U.S. The post This Week in Logistics News (February 19 – 25) appeared first on Logistics Viewpoints.
Logistic pathways have played a crucial role in improving economic activity along them. The Erie Canal project is a great example in this regard that made New York the Empire State by reaching Midwest’s Belt regions. Humans saw the importance of them and searched for the most feasible and cost-effective ones.
That’s a massive problem for SMEs, for example, that last year might have been paying $4,000 to $5,000 (USD) to ship a 40-foot container from Asia to North America, and now face rates of $20,000 and above. Challenge #2: Finding a Suitable Logistics Partner. Challenge #3: The Complexities of Compliance.
Ukrainian logistics has switched exclusively to rail and road transport. What challenges does the transport and logistics sector face, how does it overcome obstacles, and are there opportunities? Why is it important for the country’s logistics? Of course, there are companies that have left the market.
The following is a 5,000 word exploration of Maersk’s strategic shift to end-to-end logistics services, based on open sources. So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services.
What is inbound logistics? See, there’s a big difference between handling inbound logistics yourself and outsourcing it to a trusted North Carolina third-party logistics (3PL) provider that knows the manufacturing industry. What is inbound logistics? 3PL inbound logistics services. Just in time (JIT) delivery.
Transportation is, of course, a major source of green house emissions. For example, Oracle is using average emission from a 5-ton truck, or a bulk tanker. For example, if they buy a component for their hardware products in Thailand, they have an estimate for the logistics emissions associated with the component.
Of course, no disruption comes close to those that have been experienced to date in 2020. Consider this example. Consider this example. . Meaningful insight is a prescribed series of actions necessary to make a significant dent in total logistics spend or delays. And 56% experience supply chain disruptions annually.
A logistics company used AIMMS to address constraints due to COVID-19 and was able to deal with the situation in an agile way. Prescriptive analytics “describes a set of analytical capabilities that finds a course of action to meet a predefined objective, such as maximizing revenue or minimizing costs.”
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