Remove Examples Remove Sourcing Strategies Remove Study
article thumbnail

Energy Efficiency Is Key to Better Logistics

Material Handling and Logistics

And customers, many of whom are Millennials, want to know the sourcing of the products they buy and will make decisions based on a company’s sustainability record. While studies show that consumers want sustainable products, only 5%-10% will actually pay a price differential for that,” Sheffi says.

article thumbnail

No Supply Chain Strategy? Here’s How to Develop One

Logistics Bureau

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Growth Management: Tips and Strategies to Keep Up With Your Growing Business

WorkWave

Instead of focusing on customers and outside sources, you may need to start looking inward at processes to streamline production. According to various studies, there is value to enhancing the customer experience: Companies with a customer experience mindset drive revenue 4-8% higher than the rest of their industries. Prepare to Adapt.

article thumbnail

8 Reasons Why Your Business’ Success Depends Upon Your Supply Chain

Logistics Bureau

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.

article thumbnail

Building Profitability with Agility while Digitally Transforming the Supply Chain

Logistics Viewpoints

Before the pandemic, in a study of logistics providers conducted by Fraunhofer IML, among those embarking on digitalization initiatives, only 25% of logistics providers in the Fraunhofer IML survey are leveraging digital technologies to think outside the box and reinvent their foundational delivery model. It should also be shared downstream.

article thumbnail

The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

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. A Positive Example.

article thumbnail

Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Lead times, for example, are a critical form of master data for planning purposes. The processing units in an oil refinery, for example, operate at high temperature and high pressure.